As we wrote in October:
It’s been on the market since May 22, 2008. And during that time the asking price has dropped from $6,375,000 to $5,175,000. And no, 3816 22nd Street (a.k.a. Firehouse 44) isn’t in contract.
But a new photo has been added to the listing (although not the one above). Perhaps it’s an attempt to keep the 515 days on the market listing “fresh.”
Today, the listing for 3816 22nd Street was withdrawn from the MLS after 558 days on the market. Will Firehouse 44 return in 2010 refreshed and as inventory anew?
As if in the real estate fishbowl of SF anyone will mistakenly confuse this for a newly listed property in 2010.
Converted firehouse = fun. Relisting as “new” = bad.
Anyone have any predictions on what kind of price cuts are needed to sell?
Too drastic cuts are required, I think. I bet it would go for ~4M.
@anonn: Oooh! Bad fun! Sounds like it’s just up SF’s alley.
Damn I want a firehouse.
Back, 0 DOM, $5.175, and apparently the address has changed to 3618 22nd and not 3816. Maybe that’s how you get around the re-listing rule???
There’s no way that the post office would allow an address change this large. 3618 has got to be a typo. The listing agent should fix it ASAP otherwise people are going to be showing up at an address two blocks away.
It’s most defined a case of dyslexia. The 6 and 8 are just switched up. This wouldn’t happen if they re-activated the old listing. 🙂
New Price: $4,800,000
Original Price: $5,175,000 -7% change
Any clues on why this house is not selling after two years on the market and several price cuts ?
Any clues?? How about the fact that this is $4.8MM. Yes, this is $4,800,00.00
^^^ The reason is very simple : the price cuts have not come down to the market’s value for thie property. At the right price, anything will sell.
“this is $4.8MM.”
That is many monies!
More than I, as a top 5% HHI cubicle drone, will earn (pre-tax) over my lifetime.
But on the other hand, is this a top 1 in a million property for the bay area? 1 in 100,000?
That bring up an interesting question. Taking the entire commuting catchment of the bay area what would a top 5% house look like? What kind of dwelling should I aspire to given my place in the income pecking order?
You mean $4,800,000.00 SFRE… 😉
That sure is a lot of money.
I was more curious if the immediate neighborhood might be the reason it does no sell, even with the price cuts. I don’t live in SF and street view seems to show a nice neighborhood.
In Escrow. This should be interesting. Good comp for Fillmore St.