As we wrote last November:
Purchased for $800,000 in December 2006, Odeon (181 O’Farrell) #508 was taken back by the bank. It’s been listed at $601,400, a sale at which would represent a 25 percent drop in value over the past three years.
While the list price was reduced to $542,700 in December, the sale of 181 O’Farrell #508 closed escrow on 2/12/10 with a reported contract price of $530,000, a 34 percent drop in value over the past three years (but “only 2 percent under asking”).
∙ Oh My (And Bank Owned) At The Odeon On O’Farrell [SocketSite]