3620 19th Street #26: Kitchen
It’s a “Christmas special!” at Chelsea Park as the list price for 3620 19th Street #26 has just been reduced to $799,000 (previously listed for $899,000).
Originally asking $949,000 for this 1,332 square foot three-bedroom, two-bath condo, the reduction might seem more like a lump coal, however, if considered to be your comp.
∙ Listing: 3620 19th Street #26 (3/2) – $799,000 [MLS]
Changing Chelsea Park Expectations Versus Eleven Months Ago [SocketSite]

8 thoughts on “Chelsea Park Christmas Special (But Lump Of Coal If It’s Your Comp?)”
  1. it’s a little tough on the marketing when they are having a broker tour yesterday and there are two guys asleep on the sidewalk near the front door of the project…one guy appeared to be a former real estate agent, the other might have been the developer…not sure. These are hard times and it’s really hard to deny it.
    Down over 15% from original list and below $600/sf…probably still not enough given the neighborhood challenges and the market.
    Below $750,000 should help get it done.

  2. I just consulted with my crystal ball. It tells me we’ll see a straightforward withdrawal followed by a relisting at a slighty higher wish price when things are supposed to pick up late winter-early spring. Then they’ll lower again most of the year, followed by a switch to rental (oops, too much competition) followed by plain old capitulation at $550K in early 2010.
    Or maybe they could lower to the lower/mid-600s today and it will sell.

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