As we wrote last August:
Asking $1,875,000 [in early 2007], or a little over $800 a square foot, 647 Grand View Avenue #1 appears to have been refinanced [by the developer] in October of 2007 for $1,870,000 with nothing down and two variable rate loans, one for $1,500,000 and the other for $370,000.
Unit #3 appears to have been refinanced [with an $800,000 variable rate loan] around the same time as well, but 647 Grand View #2 and #4 appear to have sold in October of 2007 for $1,100 and $764 a square foot respectively.
As we added last month:
647 Grand View #1 ended up going back to the bank this past April. And yesterday the 2,316 square foot Noe Valley three-bedroom condo returned to the MLS asking $1,213,800 ($524 per square foot).
And while 647 Grand View #3 ended up selling for $610,000 ($571 per square foot), the list price for 647 Grand View #1 has just been reduced for the second time, now asking $1,095,600 or $473 per square.
∙ Comments: A Grand Fall For 647 Grand View Atop Noe Valley [SocketSite]
∙ From The Top Of Noe To The Courthouse Steps: 647 Grand View #1 [SocketSite]
∙ A (Grand) View To A (Comp) Kill [SocketSite]