1275 Lombard Top Floor
1275 Lombard is a Russian Hill condo with three bedrooms, three and one-half baths, and an elevator which serves four of its five levels (the top two of which offer some big views).
1275 Lombard Living
Now bank-owned according to the MLS and asking $3,750,000 for its 4,637 square feet.
∙ Listing: 1275 Lombard (3/3.5) – $3,750,000 [1275lombard.com] [MLS]

16 thoughts on “The Banks Are Starting To Get Better Digs: 1275 Lombard”
  1. Ha, there was a quip here a few months ago about the REO Porn that would soon be featured on SS given that the distress problems are moving up into higher levels in the RE food chain. I guess it’s starting!

  2. Wow. What an amazing place. I live 2 blocks away and never even realized it was there. What would this have been 2 years ago? $5M?
    $5.5M?

  3. Presumably, this was built as 5 levels so that both units could have the views. Do the units share an elevator? I actually wouldn’t have guess this was over 4500 sqft from the shots, but could just be the staging or the angles.

  4. How odd.
    I was told on good authority that “the rich” only used loans as sophisticated cash flow management tools and could easily pay their mortgage and would never default.
    Hoocoudanoode?

  5. It’s been fascinating to watch the evolution of the CW on this site over the years. So while I’m being tipster-esque I’ll just have to ask, How much French are you hearing at open houses these days?

  6. I’m not hearing any French lately at open houses. Therefore, every rich French person who has ever been to San Francisco must have lost all their money.
    I did notice a Boulangerie opened up on 24th st, tho. That’ll be a big hit I’ll wager.

  7. I was is this house when it was completed back in 2002 (or there abouts) at the opening party. This house, and the place in front of it, were built as spec homes by G. Hauser of Cubix fame. I don’t think the back home actually ever originally sold and I think was given back to the bank way back when. The layout is weird and probably the most un-child friendly place I’ve ever seen. Cool views from the top living room penthouse though. All in all way too “architecty” and not enough common sense, and therefore, not a great comp for the rest of Russian Hill IMHO.

  8. diemos wrote:

    So while I’m being tipster-esque I’ll just have to ask, How much French are you hearing at open houses these days?

    I’ve said it before, and I’ll say it again, keep your ears open for more and more Mandarin:

    Forty-one percent of the Chinese purchases of residential property in the United States last year were in California, according to the national realtors group. In the past three years, the Chinese population in the state grew by more than 80,000 to about 1.2 million, according to the U.S. Census Bureau.

    We’re not even in the trickle stage yet, but it’ll be a flood before you know it if prices keep falling.

  9. I lived across the street at 1320 Lombard while this place was being renovated/rebuilt 10 years ago. The house was jacked up 20 ft. in the air for the longest time, while new massive retaining walls and a new foundation went in. Considering the structural work and expenses that this project took, the listing price seems very fair to me. Just go see it on a Saturday or Sunday afternoon when the tourists burn rubber and have their rental cars catch fire as they try to make it up the hill.

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