A Bad Beacon Comp At $454 Per Square (But A Good Financial Flip)
Two weeks ago the sale of 250 King Street #802 closed escrow with a reported contract price of $670,000 ($454 per square foot and $1,000 “over asking”). As plugged-in people…
A “Calculated” Default For The Cannery At Del Monte Square
Playing the strategic default card, in March Vornado Realty Trust stopped making payments on the $18 million mortgage which helped finance its purchase of San Francisco’s landmark Cannery at Del…
Three Years And A Trio Of Looks For 224 Twin Peaks Boulevard
As we wrote in November 2008: Purchased for $1,360,000 a year ago (11/2/07), 224 Twin Peaks Boulevard returned to the market in June asking $1,395,000 and was subsequently reduced to…
Citadine (1299 Bush): NOD Filed As Lienholders Continue To Line Up
The mechanics liens now total over four million, and as a plugged-in reader noted last month, a Notice of Default (NOD) was filed on Citadine (1299 Bush) with $14,594,856 past…
45 Rosewood Awakens From Its Slumber
The sale of 45 Rosewood (“A dream home!“) closed escrow today with a reported contract price of $1,551,000 ($443 per square foot). At 7 percent “Over Asking!” an official “26…
A Winner’s Curse That Has Yet To Be Cured
As we wrote this past August: A renovated Victorian at 819 Haight Street hit the market in 2005 asking $1,395,000, it sold for $1,635,000 ($240,000 over asking). No word on…
A Not So Prosperous At (And Under) Asking Sale For 33 Prosper
As we wrote last month: Purchased in July of 2007 for $920,000, the single-family re-work in progress at 33 Prosper was taken “back by the bank” (or more accurately the…
Tamalpais Bank Falls (Thanks To The Lembis?)
On Friday the California Department of Financial Institutions shut down Tamalpais Bank and named the Federal Deposit Insurance Corporation (FDIC) as Receiver. As a plugged-in tipster notes (and correctly predicted):…
435 Vermont: Into Our Apple Orange Crate It Goes
As we wrote this past January: Purchased for $1,075,000 in January 2007, the single-family 435 Vermont returned to the market last July seeking $1,165,000. In October the asking price was…
Over Asking (But Well Below 2005) For 200 Brannan #504
The apples to apples sale of 200 Brannan #504 closed escrow yesterday with a reported contract price of $680,000. And while that’s 5% “over asking!” it’s also 26% under what…