The resale of the modern two-bedroom, two-bath and 1,102-square-foot unit #202 in the “trendy Dogpatch” development at 815 Tennessee Street, with “high quality finishes throughout,” “plenty of natural light, a designer kitchen” and “spa-like bathroom,” has just closed escrow with a contract price of $1,084,500, which is officially “within 1 percent of asking!” according to all industry stats and aggregate metrics (such Redfin’s Compete Score) as the condo was reduced (twice) and relisted anew for $1,088,000 in October.

On an apples-to-apples basis, however, the resale represents a net 22.4 percent drop in value for the contemporary Dogpatch condo over the past five years as the unit fetched $1,398,000 in May of 2018.

4 thoughts on “Trendy Dogpatch Condo Trades Down Over 20 Percent”
    1. Except that Avalon would have charged the owner $5K per month, about $325K total. Instead, he lost $300K plus $55K in realtor fees, $8K in transfer tax, $85K in property tax, and $52K in HOAs, about $500K in total.

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