On the market early last year with a list price of $1,649,000 (and the listing photo above), 229 Brannan #14C last closed escrow with what appears to be a “confidential sale price” on 2/14/2007. And now eleven months later, a tipster that notes that it’s back on the market with a list price of $1,895,000 (and the listing photo below).
While it doesn’t appear that anything major has changed inside the condo, unless another tipster can provide some proof of the previous sale price we can’t count it as another “apples to apples” data point once it sells.
And as an aside, even if you’re not a great photographer, at the very least consider lowering the lids in the bathrooms when you’re out on a shoot.
∙ Listing: 229 Brannan #14C (2/2) – $1,895,000 [MLS]
∙ Sold Properties 2007: 229 Brannan #14C [climbsf.com]
I don’t get why people sell expensive property within 2 or 3 years. It’s just plain silly, and only the realtors win.
Now, if the realtor fee became a FLAT SELLING FEE, instead of 4-6% of the selling pirce, I could understand. I guess we’re moving to lower commissions, but I’m surprised it isn’t happening even faster w/ Redfin etc coming online. Maybe selling fees will average 2-3% in 5 years? That makes transactions more interesting.
How does someone get a confidential sales price? Wouldnt everyone do that if it was easy?
Who are they kidding with this place?
I have the same question as Brit. If the sales price is confidential then how is the transfer tax calculated ? Also usually the assessors office usually takes the lazy route and uses the sales price to determine the property’s value. If the sale is confidential does that mean they need to run an appraisal report ?
Just a complete guess on my part (and somewhat of an observation), but I’ve noticed that properties purchased by family trusts do not show a sale price. This is true of my parents’ home and several that I have seen. Anyone know if this is true or just pure coincidence?
Feel like a flip by someone who didn’t hire a pro for the photography, the old photos simply look better!
@Observer
100% agree wrt photos…
1,366.26/sq ft for this. I wouldn’t be tempted at $1000 given what’s avail elsewhere.
1.8 mil for this???? What a joke, this is a two bedroom apartment for crying out loud!!!!!!!!!!!! Also, HOA dues are $700 per month. For this price, the place would have to rent at approx. $9,000 per month which will never happen.
Clearly the readers here must not be very familiar with The Brannan. In SoMa/SoBe it is the highest-priced building aside from the St. Regis and the Four Seasons. Like it or not, it is probably going to remain the highest-priced building, even after Infinity and ORH are built. There just are a handful of buildings within a block or two of the Embarcadero that have full amenities and guaranteed unobstructed views and a neighborhood that is pretty much fully developed (no pile driving for the next 10 years like Infin and ORH…and eventually the Watermark to a lesser extent).
It may be high priced. But that doesn’t change the fact the place looks like a dump. The joke’s on the sucker that buys that poor excuse of a dumpster. $1.8 mil? I’m not sure I’d be satisfied with that place for $800k.
@ anon January 21, 2008 6:28 PM
I’m very familiar with The Brannan as I live
That was to read…
“I’m very familiar with The Brannan as I live less than two blocks away, walk by it coming/going to work and have a couple of friends who live there”…
“There just are a handful of buildings within a block or two of the Embarcadero that have full amenities and guaranteed unobstructed views and a neighborhood that is pretty much fully developed (no pile driving for the next 10 years like Infin and ORH…”
Interesting. But the 2nd Infinity tower will have *guaranteed* unobstructed views for the 2 corner units (north and south corners) and the middle units facing the bay. Those views will be preserved no matter what is constructed over the next decades. I do think Brannan is very nice, but don’t forget Infinity will also have full amenities as well as high end restaurants downstairs and a block away at the embarcadero…
The Brannan has 3 buildings, no?
Over at 239, 3G is on market fort $730/sq. ft., 11J for $922/sq. ft., and 12E for $1,112/sq. ft.
Over at 219, 5K is on sale for $820/sq. ft. 1G is on the market for $726/sq. ft., and 18K is out there for $1,411/sq. ft. 18K is the only one priced higher than this place on a $psf basis, and is a penthouse with wall-size windows (which I’ve heard only 219 has).
And I also agree that the Infinity will be a nicer building. There’s something fishy about this flip, though…curious to see what happens here.
They should look into hiring a professional photographer. It looks like a nuclear explosion is going off right outside the windows.
And how about # 2G at 219 Brannan which closed end of Dec. 2007 at $1,750,000 or $1033/sf. Originally listed at $1,895,000, then reduced to $1,699,000. Buyer must have thought the big price reduction was a great deal#$%! Buyer’s agent didn’t show the client the comps that Dude was citing?!?!
– REJunkie