Purchased for $1,368,000 in September 2008, the sale of 1278 Church Street has closed escrow with a reported contract price of $1,425,000, up 4 percent on an apples-to-apples basis versus late 2008 for the three-bedroom Noe Valley Tenancy In Common (TIC).
No word on how the proposed TIC to condo conversion lottery bypass legislation was factored into the purchase, price or marketing.
∙ Green Construction (But Red Comp) Returns On Church [SocketSite]
∙ TIC-Tock It’s Apple O’clock [SocketSite]
∙ The Devilish Details For Bypassing SF’s Condo Conversion Lottery [SocketSite]