As we outlined in April:

Purchased for $1.74 million in May of 2015, renovated (“including all new kitchen, all new bathrooms, a lighting system, hardwood floors and window coverings”) and then successfully flipped for $2.255 million in March of 2016, the 1,789-square-foot unit #202 at 1150 Sacramento Street returned to the market listed for $2.695 million in May of 2018.

Reduced to $2.495 million after a month on the market and then officially withdrawn from the MLS in August, the two-bedroom Nob Hill condo has just been listed anew with an official “1” day on the market and a (not officially reduced) $2.395 million price tag.

And this morning, the list price for 1150 Sacramento Street #202 was further reduced to $2.095 million.  If you think you know the market for remodeled Nob Hill condos, now’s the time to tell (or try again).

Keep in mind that home sales in San Francisco are actually off to their slowest start since 2010, and that’s despite April’s bump in activity.

9 thoughts on “Previously Flipped Nob Hill Condo Now Listed at a Loss”
  1. Clearly the listing agent is attempting to get lots of potential buyers interested so they’ll start up a bidding war, resulting in a selling price north of $2.3 million (which is my call).

    I don’t, however, know the market for Nob Hill condos or whether the HOA dues of $2,496 per month are reasonable for a unit in a building of this caliber.

  2. Totally worth $2496/month – even if I have to live w/ being on street level and half my windows covered by shades for privacy! Oh wait… that’s the HOA?!

    The buyer for this place probably still has a lot of HP, Boeing, McDonald’s and Coca Cola stock to sell they’ve been holding onto for 40 yrs so what do they care.

  3. On a related note, the remodeled, 2,589-square-foot unit #501 at 1150 Sacramento, which was listed for $3.875 million last year, having been purchased for $3.875 million in August of 2021, has just been listed anew for $3.695 million, an “at asking” sale at which would represent a net 4.6 percent drop in value for the upscale, designer condo over the past three years and would be $5K less than the $3.700 million the unit fetched in 2018.

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