The “plugged in” readers went two-for-two (and then some) last week. Will the streak continue? Two more questions that we can’t answer:
1. Does anyone know what is going on at Eureka Gardens Condominiums (4150 17th Street)? A unit went on the market about a year ago at over $900,000 and was later reduced to the upper $700,000’s, but apparently never sold and was taken off the market. Now the entire complex looks like it is being torn up, with a large number of workers there every day and huge dumpsters out front. 2. Any idea what is going on with the construction on Van Ness and Fell? [photo above]
UPDATE (3/23): A couple of “plugged in” readers nail the Eureka Gardens query (thank you). Now about that construction on Van Ness and Fell…
UPDATE (3/28): And thanks to tom, the readers go two-for-two once again: “77 Van Ness Avenue, an eight-story, 100-foot-tall mixed-use development providing residential, office, and retail space.”
∙ Readers’ Questions: What’s Happening Here? [SocketSite]
Eureka Gardens: #13 sold for $925,000, #2 sold for $905,000. Both listed for less. #33, listed 1/24/06 for $995,000, reduced to $975,000, withdrawn 3/06 at $895,000, then 3/9/06 new agent lists at $799,000, price increased to $880,000 on 3/30/06, withdrawn on 5/31/06. We like to call those Stalefish ™. Those are the only records in MLS for transactions “last year” at Eureka Gardens.
They’ve had a ongoing lawsuit over construction defects for quite some time — mostly leaking from the flower beds into the garage and some firewalling. (I lived there 5 years ago.) If work is going on, it sounds like they finally came to an agreement and got the funds to complete it. I haven’t been by in a few month, but the last time I was the place looked pretty worn. They are however one of the nicest complexes in the Castro. If they survive the reconstruction, values should skyrocket.
Eureka Gardens finally settled it’s lawsuit with the developer. The place is being rebuilt from top to bottom to correct the original defects and then some. Along with all new planters and landscaping, the complex is also receiving a new facelift in that the buildings will abandon the original drab beige and grey color scheme. Many of the owners have also taken the opportunity to revitalize the interior of their units. The ones I’ve seen look sensational. My prediction: once the tortorous (beleive me they are!) renovations are completed (and considering the location, views and size of units), these condos are going to be in the 1.2 to 1.5M easy!
Thanks to the Hastings Parking Garage Project Draft SEIR, via Google:
“77 Van Ness Avenue, an eight-story, 100-foot-tall mixed-use development providing
residential, office, and retail space..”