CFAH

141 Hampshire Unit B

As we reported a few months ago:

As a plugged-in reader notes, the condo Tim Lincecum rented in 2010, and from which he was accused of stealing and destroying $200,000 worth of household items in 2011, has returned to the market listed for $1,795,000.

Having been listed for as much as $3,500,000 in 2008 but withdrawn from the market in 2010 last asking $1,700,000 prior to Lincecum’s leasing, the current listing for the 2,790 square foot 141 Hampshire Street Unit B sports photos from its pre-Lincecum days.

The sale of 141 Hampshire Street Unit #B closed escrow on Friday with a reported contract price of $1,565,000 ($561 per square foot). The unit had been purchased new for $999,000 in 2001. And yes, that $3,500,000 number in 2008 was for Unit #B alone.

Comments from Plugged-In Readers

  1. Posted by anon

    There is a plate of shrimp for you.
    No. 55 rents it, and it sells at a 55% discount to the 2008 asking price.
    Smart man. He rents instead of taking a big hit by buying. And he signs a $20 million/year contract before revealing that he’s lost 4 mph from his fastball and thereby turned into a so-so pitcher.

  2. Posted by inclinejj

    I bet they never get the pot smell out of the place!

  3. Posted by R

    I’m always surprised that anyone gives any credence whatsoever to asking price.
    Just like the bears crying about realtors hyping ‘over asking’, the bears hyping “55% discount to the 2008 asking price” is completely irrelevant.

  4. Posted by Lance

    I didn’t bother reading the prior threads, but this would suggest a 56% gain since the prior sale in 2001. That surprises me unless there were some substantial improvements. As R suggested, the 2008 listing price is laughable but irrelevant for gauging market values.

  5. Posted by anon

    “I’m always surprised that anyone gives any credence whatsoever to asking price.”
    And yet I’ve probably gotten 500 flyers or postcards from realtors over the last 10 years touting some “over asking!!!!” sale.
    I guess “55% under asking!!!” isn’t quite as strong a selling point? Although you’d think the buyer’s agent would sure be touting that!

  6. Posted by [anon.ed]

    meh. “Asking” is a case by case thing in terms of its relevance, and everybody knows it. This property is a perfect example of asking being a wish. A house in Noe during the past market priced right at the micro-neighborhood median that still got bid up by 200K, or what have you, is a different story. Just look closely and keep the soapbox pedantry to yourself. The people you think you’re talking @ are smarter than you’re giving them credit for, “anon.”

  7. Posted by R

    Wow, you must sign your name at a lot of open houses.
    I agree, realtors touting over asking is just as useless as bears like you touting under asking. It’s pointless.
    What counts it selling price.

  8. Posted by [anon.ed]

    I beg to differ, R. Look at that recent Sanchez street sale. IMO the house was priced correctly at 2.4M, but it got bid up by 400K due to competition. Let’s say hypothetically that the new owner decides to sell it without improvements within the next couple of years, and that it doesn’t fare very well. Wouldn’t you say that that’s an example of the last asking price being relevant? It was right at the top of what the area had ever done, and somebody went up and over.

  9. Posted by R

    No, I think asking price is still irrelevant. Well, maybe I’ll back off a little and say mostly irrelevant.
    Just because somebody fell in love and bid the place up doesn’t make the asking price more relevant.

  10. Posted by bubblesurfer

    Well, the 2008 sale price is highly relevant for those on this site who enjoy pointing out the pain some sellers are going through during these economic times….

  11. Posted by sparky-b

    “2008 sale price”
    But that wasn’t a sale price. That’s the point it was just a list price.
    The sale prices are
    2001 for $999K and
    2012 for $1.565M
    that is all.

  12. Posted by Oceangoer

    @ anon and inclinejj. Are you usually this crabby, or is it just envy that someone who worked really hard to become one of the best in the game is making a ton of money?

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