Originally asking $1,099,000 in October 2008, the sale of 601 4th Street Penthouse #2 closed escrow yesterday with a reported contract price of $785,000 ($663 per square foot).
As the penthouse had been relisted in November 2009 for $815,000, however, MLS based reports will consider it three months on the market and an official 4 percent under asking.
Purchased in September 2000 for $815,000 (and we believe renovated at least a little bit in between). And perhaps not a great comp for the “It’s a steal!” penthouse number three directly next door (last asking $835 per square).
∙ Penthouse Number Two Of Three Atop Six Zero One Fourth [SocketSite]
∙ Hitting For The Heublien Building Penthouse Cycle (#PH3) [SocketSite]