Purchased for $1,350,000 in February 2008, three days ago the sale of the “immaculate” two-bedroom, two-bath condo #508 at 733 Front Street closed escrow with a reported contract price of $975,000 ($668 per square foot).
Call it a 28 percent or $375,000 drop in value for the Jackson Square condo with parking, designer kitchen and nine foot ceilings over the past three years.
As plugged-in people might recall, last month the short-sale of 733 Front Street #407, a one-bedroom, closed escrow with a reported contract price of $450,000, 38 percent ($280,000) below its September 2007 purchase of $730,000.
∙ In The Red At 733 Front Street Down In Jackson Square [SocketSite]
∙ Jackson Square For 34 38 Percent Less In 2011 [SocketSite]