As we wrote three months ago:
Back in March of 2008 we first featured the before and after floor plans for 1080 Chestnut #7D which had just hit the market listed for $1,350,000 at the time.
Having sold for $1,295,000 that July, the remodeled one-bedroom “located on one of Russian Hill’s most distinguished flat blocks” returned to the market in early 2011 asking $1,149,000 but failed to find a buyer.
Yesterday, 1080 Chestnut #7D officially returned to the market listed for $999,000, 23 percent under its 2008 sale price on an apples-to-apples basis.
On Friday, the sale of 1080 Chestnut #7D closed escrow with a reported contract price of $975,000. Call it twenty-five percent ($320,000) under its July 2008 sale price on an apples-to-apples basis for the remodeled Russian Hill one-bedroom with views.