Almost eighteen months ago, 525 Gough #405 sold for $1,035,000 (after being listed for $1,025,000). Today, it’s on the market for $1,079,000. It’s a fair amount of square footage for the money (1,713 square feet) and the neighborhood continues to develop.
∙ 525 Gough: No Sell Out [SocketSite]
∙ Listing: 525 Gough (3/2.5) – $1,079,000 [MLS]
It looks like this is a money loser for the seller if you factor in the 6% fee ( $64,740) they may have to pay the broker, not to mention all other costs associated with entering into two transactions over two months.