From the listing when 229 Brannan Street #9J sold for $1,230,000 in September 2006: “Wrapped in luxury, this 2bed, 2 bath unit is a sanctuary in the sky…This is San Francisco living at its finest!”
As plugged-in people know, the 1,412 square foot unit at The Brannan was taken back by the bank a year ago with $1,113,492 owed.
This weekend the two-bedroom returned to the market listed for $919,000. In 2004 the “Unbelievable” unit (per its listing at the time) sold for $980,000. Believe it.
The resale of 229 Brannan Street #9J has closed escrow with a reported contract price of $919,000 ($651 per square foot). Call it 25 percent ($311,000) under its 2006 sale or 6 percent ($61,000) under 2004.
At the same time, 229 Brannan #7J (“Best of the Best 2 Bedrooms at The Brannan”) has closed escrow with a reported contract price of $1,050,000 ($661 per square foot). Keep in mind #7J is 177 square feet and a half-bath larger than #9J.
And no, The Brannan isn’t located on Lombard.