Dolores Park Hive Now Listed at a Larger Loss and Plying CryptoJune 1, 2018
As we reported this past October:
Purchased by the founder of Hive Communities for $6.495 million in April of last year, the 5,493-square-foot “Light House” condo at 651 Dolores Street, one of four condos within the converted Second Church of Christ Scientist, returned to the market this past August priced at $6.795 million, as we first reported at the time.
As we also noted in August, while 651 Dolores Street fetched an “over asking” price of $6.495 million last year, it was by way of a $4.495 million loan that was provided by the re-developer of the property (Light House Development, LLC).
And while the marketing site for the property has yet to be updated, the asking price for 651 Dolores Street has just been dropped to $6.349 million with no mention of potential seller financing.
Further reduced to $6.149 million at the beginning of the year and relisted anew last month, the list price for 651 Dolores Street has just been further reduced to $5.95 million. And the listing now notes: “Call agents re: sale with Bitcoin or Ethereum!!!”
Comments from Plugged-In Readers
“Call agents re: sale with Bitcoin or Ethereum!!!”
What about Gullliblex™, the fees are lower, and it’s back by the full faith and credit of the Rurtianian Central Bank?
It’s a fantastic building. The fly in the ointment is that it’s across the street from Dolores Park. The building and decor is certainly something I could never dream of owning so there is a bit of sour grapes involved in my opinion.
But the fact remains that many of us San Francisco residents avoid Dolores Park on the weekends, and we wouldn’t want to step out a fabulous front door to encounter the traffic and the embarrassing and undignified behavior in the park.
Since the park has been there all along, I guess the regrettable park situation wouldn’t have anything to do with the up and down prices for the building.
How delusional: “SF residents don’t want to live there…”. It’s priced at $6M for a reason.
Of course the doc didn’t write that; he wrote “MANY (emphasis added) wouldn’t want to”…and judging by the multiple price reductions, he seems very lucid.
Maybe it’s not for you, but there are plenty of folks, myself included, that seek out Dolores Park on weekends and would absolutely love to have a place right there.
As a parent of 3 kids, I’d love to live across the street from Dolores Park. The children’s playground is amazing. $6M is a bit outside my budget but seems like it should move at that price point. What you get for $4M in the Mission or Noe doesn’t compare to this place.
@Freeloader–also as the parent of 3 kids…I’ve given up on taking them there on weekends or during any busy time.
After the awesome renovation of the playground was completed, we visited a few times and the kids loved it. But visit on a weekend now and invariably you’re downwind from what seems like an entire hill of pot smoking to the west. Plus open containers and drunken revelry to rival many spring break scenes. And then there was the time we found broken glass shards in the sand box. Plus what feels like the ever-increasing threat of discarded needles and outright random violence.
Sure, these factors are not unique to Dolores vs SF as a whole, but there are many other good parks where parents collectively keep a close eye on the kids/playground and the random risk factor is far lower.
SF has many great parks but Koret and Dolores are my two favorites. Or they were until I read about your glass shards. Still, at least I haven’t heard of people feeding kids meth a la Berkeley People’s Park (see name link)
my wife and i saw a needle in the sand area, and that was the end. way too many drunk and high people. this is definitely no place for kids.
i would never take my kid there either. rampant drug use
on the other hand, I think having a children’s playground there was a misguided idea to begin with.
UPDATE: Crypto Fails to Move $6 Million Light House Condo
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