Listed for $4,350,000 in early 2008, the full sixth floor of The Heights (1940 Broadway #6) closed escrow that March with a reported contract price of $4,911,000.
A few months later the three-bedroom Pacific Heights co-op returned to the market asking $5,191,000 but was withdrawn in November 2008 without a sale.
Now back on the market and asking $4,350,000, 11 percent under its 2008 sale price.
∙ Listing: 1940 Broadway #6 (3/4.5) – $4,350,000 [1940broadway.com] [MLS]
∙ The Height(s) Of Foreshadowing: 1940 Broadway #6 Returns [SocketSite]
∙ A Few Of Our Favorite Things: Big Windows, Views, And A Floor Plan [SocketSite]
Why anyone would buy this magnificent apartment and then want to sell it two years later is, to be honest, unfathomable. Unless they sustained a “financial reversal” of some kind.
The number one rule in real estate, location, location, location timing, timing, timing. Damn agents…
A master suite with a full bath and a half bath. Now that’s living.
Beautiful. I’d love this place. Of course, I couldn’t afford it even if the place was free, given the +$4,300 HOA.
“then want to sell it two years later ”
They first tried to sell it only 8 months later, then listed for a 24 months later sale, but it fell out of contract last year — does that mean co-op board approval or something else?
This building has a few long-term sellers:
#7 has tried to sell for 3 years, with the most recent listing almost continuous from September 2009 to October 2010. I believe it was listed for $4.95M (after a price cut from $5.5M), per my comment and eddy’s on the previous thread.
#8 was for sale in January 2010 and appears to have been pending since it went under contract in 11 days. I wonder if it dropped out of escrow and no one bothered changing its status. The URL 1940broadway8.com is still shown on Google, but the domain registration apparently expired.
#9 was listed for a month in 2007 after being purchased in 2005 for $1.55M over asking ($4.65M vs. $3.1M asking).
#11 was mentioned by eddy on the prior thread for $4.5M. I thought this was a 10 story building, so I didn’t know there was a #11.
#1W sold in 2009 for $1.85M after being listed for $2.495M.
There was a great “classic SocketSite” comment back in 2008 when this sold:
I love it when the doom and gloom crowd is proven wrong on here. So, will this one factor into the exhausting debates on here that all real estate in San Francisco is going down? Or can we agree that in some places it is indeed not at all? Hmmmmm ….
What a gorgeous place. Lucky buyer!
Posted by: movingback at March 4, 2008 8:32 PM
Well movingback was right. The 2008 buyer did experience a “luck event”. He never said that it was “good” luck. 🙂
Hi Everyone –
Unless I missed it, one element that seems to be missing from this post is that this unit actually sold in February of last year (2/11/10) for $4,100,000.
Will be interesting to see where it ends up this time for a YOY comparison.
It’s already under contract! The economy has recovered in SF, everyone!
Wow. Want.
I think I’ll buy this just to get the view of the Americas Cup.
Somaguy, how do you know it is currently under contract? The MLS feed as provided to Redfin doesn’t indicate that.
http://www.redfin.com/CA/San-Francisco/1940-Broadway-94109/unit-6/home/12400531
Oddly, that $4.1M sale in February 2010 is not listed anywhere I can find, and the tax record still says almost $5M. Sam’s note indicates a 10 day escrow.
Beautiful. Gorgeous. Stunning. What more to say?
not only under contract; sold, but co-op approved, and de-staged… all in 5 days!
Sold: $4.0 even.
UPDATE: A Quick Sale At (And From) The Heights.