Articles Filed Under: RealRecentReductions

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Huge Reduction(s) At 1081 Pine Street

Huge Reduction(s) At 1081 Pine Street

We’ve often wondered what lies hidden beneath the relatively modern exterior of 1081 Pine Street, and thanks to Joel Goodrich, now we know. Unit #401 is currently listed at $2,489,000 and boasts a “Huge Price Reduction of $406,000!”, while unit #201 (currently listed at $1,395,000) is apparently a bit... Read More »

Four Paper Cuts

Perhaps a new record (and trend?): four price reductions over two months. Part of a newly formed four unit TIC, 1106 Shotwell Street first hit the market almost five months ago on 11/21/05. Unit A was originally listed at $360,000 and was reduced to $349,000 in January; to $339,000... Read More »

Eighteen Percent Of (The) Midtown For Sale

Eighteen Percent Of (The) Midtown For Sale

Sporting a “New Price” (originally $1,200,00), new paint (we’re biting our tongues), and a new MLS number (soon to be filed under ‘trends’), unit #21 in The Midtown (1452 Bush Street) joins the three other units (#3, #9, #16) currently for sale in the twenty-two unit building. ∙ Listing:... Read More »

Those Damn Neighbors Redux?

Those Damn Neighbors Redux?

What to do when another condo in your building (1755 Jackson) hits the market for $150K less than you’re asking, offers the same square footage is larger (1985 versus 1906 sqft) and configured as a 3/3 (versus a 2/2.5), and boasts two in-building (versus down the block) parking spaces?... Read More »

Add “Dramatic” To The Guide

The infamous 1200 Indiana has undergone a “Dramatic Price Reduction” of $190,000 (8.6%) and can now be yours for $1,998,000. Before you call your broker, keep in mind that this is a commercially zoned building which means a traditional mortgage isn’t going to fly (think commercial loan or all... Read More »

2576-2580 Washington: RE-PRICED TO SELL NOW!!!

2576-2580 Washington: RE-PRICED TO SELL NOW!!!

From the same people who brought you a “Huge price reduction!!!” of $252,000 (7.8%), we now have 2576-2580 Washington “RE-PRICED TO SELL NOW!!!” at $2,889,000. That’s right, take another $109,000 (or 3.6%) off the list price, and add another entry to the SocketSite Guide to Price Reductions, and re-ink... Read More »

Update: 2257 Green Sells (Spoiler Alert…)

Update: 2257 Green Sells (Spoiler Alert…)

Our previous coverage of 2257 Green Street generated a fair amount of buzz, intrigue, and speculation. You might remember that this house was originally listed at $5.2M, was later reduced to $3.495M, and was finally reduced to $2.595M. We also reported that according to Zillow, the house last changed... Read More »

A SocketSite Guide To Price Reductions

Ever since we pointed out that $24,000 “drastic” price reduction, we’ve been wondering: what’s the difference between a “drastic”, “big”, “major” and “Huge” price reduction? Well, we now have answers! Based on current listings, it appears that while a “drastic” price reduction is $24,000, a “BIG REDUCTION!” is $51,000,... Read More »

One Listing, Two Perspectives

One Listing, Two Perspectives

We’ve had our eye on 1001 California #7 for quite some time (and not because it has two fireplaces). One, because it’s just plain gorgeous; two because it was marked down from at least $3,675,000; and three, because the listing was recently advertising “Seller will pay two years of... Read More »

Did Somebody Just Get Zillowed?

Did Somebody Just Get Zillowed?

According to Zillow.com, the house at 2257 Green Street last sold on 5/15/2000 for $3,000,000 and should now be worth (approximately) $3,770,914 (give or take half a million). What’s interesting is that 2257 Green failed to sell when it was listed at $3,495,000, and was recently reduced to $2,595,000... Read More »