Purchased for $975,000 in March of 2015 when listed for $895,000, touting an “excellent SoMa location in close proximity to uber techie Mid-Market, and across street from [the] soon to come 350-8th Street [development] with new restaurants, cafes and retail options,” the “penthouse” unit #3 at 56 Ringold Street returned to the market this past June priced at $995,000.

Reduced to $899,000 in July, the sale of 56 Ringold Street #3 (which features “designer finishes & high-end appliances” with an open floor plan that extends to a private deck with space for a lounge, full-sized dining table and a newly added outdoor kitchen overlooking the previously touted development and a parking space and storage in the garage) has closed escrow with a contract price of $950,000.

As such, the sale is officially “over asking” but 2.6 percent below the price which was paid for the unit in early 2015.

Comments from Plugged-In Readers

  1. Posted by Jon

    I liked this place when it first hit the market this year because of the outdoor space.

    And as I stated in my comment on the original Socketsite entry, Google streetview still depicts what appears to be a topless woman bathing on the 8th street side of Ringold alley.

    To some a detriment; to others a positive. C’est la vie.

    • Posted by Notcom

      That’s b/c the ImageCapture was in May, 2016; if she is still there in the next run thru, then it’s safe to say she should be factored in on pricing decisions…

    • Posted by John

      You did make me curious, so I just checked it out. Alas, it is clearly a big stuffed teddy bear!

  2. Posted by Cynthia

    Those pictures show a completely boring box with low ceilings and only one bedroom. No decent grocery store or much of any other retail within walking distance, which means having to drive through SOMA every time you need anything, and a long walk to BART. No thanks.

    • Posted by Peter

      Trader Joe’s is 2 blocks south.

      • Posted by WiseGuy

        And BART is LITERALLY 3 1/2 blocks away. As is target 2 blocks away. People just complain to complain these days on here.

  3. Posted by Futurist

    Please, please realtors. Stop using the term penthouse, especially when it’s just the 3rd level of a little wood frame house.

    • Posted by The Milkshake of Despair

      You’re throwing cold water on the majority of Americans who live in the “penthouse” of their one story house.

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