The bank-owned sale of Watermark (501 Beale) penthouse #1E closed escrow on 4/13 with a reported contract price of $1,230,000 (an official $6,000 “over asking”).
Once again, the corner penthouse condo was purchased for $1,523,000 in January 2007 before being taken back by the bank with $1,349,628 owed in September 2009.
And we’ll call it an apples-to-apples sale at 19 percent under its year 2007 price.
∙ Moving On
Up Down For A Bank Owned Penthouse In The Sky [SocketSite]
∙ A Pair Of Bank-Owned Penthouses Atop The Watermark (501 Beale) [SocketSite]