818 Van Ness: 8/11/08 (www.SocketSite.com)
As we wrote last month:

While the Artani sales office still has around ten unsold units left to sell over at 818 Van Ness Avenue, #203 has returned to the market as a resale and two-year apple to be.

Purchased for $549,000 in June of 2010, the 781 square foot one-bedroom has been on the market for a week seeking the same.

The sale of 818 Van Ness Avenue #203 closed escrow on Friday with a reported contract price of $579,000 ($741 per square foot), up 5.5 percent over the past two years on an apples-to-apples basis.
A Two-Year Artani (818 Van Ness Avenue) Apple To Be [SocketSite]
The Artani (818 Van Ness) Opens And A Plugged-In Reader Reports [SocketSite]
Artani (818 Van Ness) Inventory Starts To Return As Expected [SocketSite]

11 thoughts on “Apples-To-Apples And Two Years Later At The Artani”
  1. And right on cue, it’s tipster with the crankypants response!
    Your post would almost make sense… except, you know, the whole upside thing. How many 100% gains have we seen on this site? 200%, 300%? Plenty from longer term owners. That’s the payoff for owners who “took all the risk”.
    Coming out practially even – after *all* expenses – after holding for just two years ain’t the worst thing in the world.
    Get a hug.

  2. “owner also saved themselves a conservative 60k in rent. cheers.”
    Did they have a principle-only loan or something? And some kind of sweet deal where they didn’t have to pay HOA fees or property taxes?

  3. Great result. I think Spencer got the call right!
    Here is a good tale of the high end. 1940 Broadway No. 6 just sold. $4.91 million in 2008. $4.2 million in March 2011. $4.0 million in May 2012. And down another 7 1/2% from 2008 due to inflation. Gee, just about exactly where Case Shiller would have put it. Good times!

  4. What exactly did Spencer “get right”? His comment looks to me like his usual schtick.

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