In case you missed it nine days ago when a plugged-in sleepiguy first noted it was in contract, or yesterday when a plugged-in reader noted the staggers removing their furniture, Kirk Hammett’s 2505 Divisadero has in fact found a buyer.
According to the MLS, however, it hasn’t yet closed escrow (or officially “sold”) but contingencies have been waived. And while it first hit the market 47 months ago (asking $12,500,000 at the time), keep in mind it’s an official 62 days on the market according to those industry stats (assuming it closes today).
A sale at its last list price of $8,995,000 would also be reported as at “100 percent of asking,” but expect we wouldn’t be surprised to see an MLS asterisk (i.e., “confidential”) on that sale price. Of course if you have the inside scoop and care to share…
∙ Kirk Hammett’s Pacific Heights Monster Is Back (2505 Divisadero) [SocketSite]
∙ Some Kind Of Monster In This Kind Of Market (2505 Divisadero) [SocketSite]
Just an FYI (and you may have already covered this), the SFAR is scheduled to prohibit confidential sale prices in the MLS starting January 1st, 2010 – or face a $1000 fine. For our clients in this range, if they absolutely demand the confidentiality, we will likely just take the $1K hit.
However, I think in the majority of cases, it’s not the necessarily the clients really pushing for confidenitality, but the agent. Particularly here on the North Side, there’s a tremendous amount of self important bullshit, where agents will utilize any tool possible to make their client base seem “exclusive”. So in those cases, I [think] most agents would rather simply post the actual price, forget the whole idea of being exclusive, and save themselves the $1000.
How were they able to record the sale with an asterix next to the sale price and no recorded price before?
I’m not 100% certain, but I don’t recall any recent, memorable sales where this listing agent kept the sale price confidential, even at the very high-end. I expect we’ll know the sale price.
^The Broadway view home, and Calan home on Baker Street pop into my mind as confidential sales. There are several more I’m 100% sure of that.
Well, I was specifically referring to Nina’s listings. Even if she sells at lower than asking, she normally posts the final sale price. Callan, however, is definitely queen of the asterisk*
hoity-toity
Sold. Confidential in MLS. 😉