Listed for $1,350,000 in January 2008, with the help of their agent the buyers of 601 4th Street #223 were able to purchase the two-bedroom Heublien Building loft for $1,320,000 that March. It’s now two and one-half years later and the 1,930 square foot condo is back on the market and listed for $1,250,000.
UPDATE: As a plugged-in reader notes, originally listed for $1,580,000 and also currently available for rent asking $6,800 per month.
∙ Listing: 601 4th Street #223 (2/2) 1,930 sqft – $1,250,000 [MLS]
∙ The Heublien Building Lofts (601 4th Street) [SocketSite]
I’ve been watching this place over the last year or so. It was originally listed by the same brokers for $1,580,000, I believe this spring it was reduced to $1,400,000 about the time that 355 Bryant #308 came on market. Now down to $1,250,000 and now asking $6,800 for rent: http://www.ubayp.com/rent/_props/601_4thSt223/index.html
Both lofts are chasing each other down. I really like this building, and this loft. Note, 355 Bryant #308 has also just cut price down to $1,299,000.
are they dreaming with the asking rent of $6800 or could the market bear it?
Is this place really in “South Beach” as promoted? If so, when did “South Beach” expand to include the block just north of the Caltrain station?
[Editor’s Note: The Incredible Shrinking Mission Bay (And Expanding South Beach)]
That’s a dream rent. It’s a 2 bedroom apartment. A very nice one, but that’s what it is. SOMA is not a feature to many people.
Is it just me…or do the ceilings in the “sleeping lofts,” bathrooms, and office area seem ridiculously low??? They look like they’re 7’ max. I know it’s common practice to double-up the floorplan in these type of lofts, but these look especially low. I don’t think I could put on deodorant without slamming my hand in to the bathroom ceiling. And that’s not a million-dollar-plus way to start the day in my book…
The list price for 601 4th Street #223 has just been reduced $100,000 (8%), now asking $1,150,000. Once again, purchased for $1,320,000 in March 2008 and at one point asking $1,580,000.