Having sold for $1.4 million in October of 2014, the 1,700 square-foot condo #812W at 101 Lombard Street, which features a private terrace, high ceilings, a wood-burning fireplace and deeded parking, returned to the market five weeks later listed as a “rarely available” unit for $1,499,000 and re-sold for $1.375 million in March of 2015.
And now eleven months later, the “rarely available” unit has once again returned to the market listed for $1.395 million, a sale at which would represent apples-to-apples appreciation of just under 1.5 percent for the two-bedroom condo at the base of Telegraph Hill over the past year.
I’m all for some good snark at the expense of a Realtor, but I’m not seeing where the unit was touted as “rarely available” in 2015 or in the current listing.
The copy was from the original listing in 2014 and was subsequently changed following our post.
Changed from which listing? 2015?
See: Rarely Available For The Second Time In Two Months
Pretty ugly unit. Complete 80’s. that step up to the dining room is a complete tripping hazard. It’s pretty much an architectural no no to NEVER do less than two steps up or down in an building.
The lovely kitchen with black appliances is quite the stunner.
The “sunken living room” was a 60s-70s trend, no? Though it probably lingered on into the 80s.
Perhaps, but not in this case. These were built in the late 70’s,early 80’s. It appears that this raised wood floor was added by the homeowners over the original structural slab. You can tell by how low the wall outlet is to the wood floor on the left side. Compare that to the other outlets that are normally about 14″ above the primary floor line.
I see that now. A bad addition to an already bad apartment.
I actually worked on that building installing the stayed cables in the decks the Summer of 1981 before completing my education.
Its a great building. I love that era of brick/brutalist/revival along the waterfront — Levi’s Plaza et al.
They are a typical feature in New York pre-war (WW2) apartments – usually 2 shallow steps.
The 80s was fun, square.
Perfect if you’re an exhibitionist, as your neighbor can see right into your bedroom, and your bed for that matter.
Tile on kitchen countertops gives me the willies. Germs!
I don’t think I’ve seen a less inspiring unit in a long time. The furniture arrangement is all wrong in the living room too.
the HOA fees are insane.
Overpriced & needs massive updating including getting rid of the step from the dining rm into the LR – sunken LR’s are awful.
I’m not seeing the “high ceilings”.
The other factor: this site is hidden from the western sun by its location under Telegraph Hill. Cold and shady all the time. Brrrrrr.
The living room is actually not “sunken”: it matches the floor of all the other rooms; rather the dining room is raised.
Realtors should be banned from using the term rarely available. Is it even important to know that the property hasn’t been sold in 50 years, 10 years or even 1 year? Perhaps one year is more informative, as it means that the owner didn’t like it enough to keep it for very long. Most of the time, properties that are rarely available are out of date dumps.
Obviously haunted
UPDATE: The sale of 101 Lombard #812W has closed escrow with a reported contract price of $1.4 million, which is officially ($5K) “over asking!”, 1.8 percent higher on a year-over-year basis, and the same price which was paid for the unit in October of 2014.