Articles Filed Under: RealRecentReductions

(908 posts)

Four Paper Cuts

Perhaps a new record (and trend?): four price reductions over two months. Part of a newly formed four unit TIC, 1106 Shotwell Street first hit the market almost five months ago on 11/21/05. Unit A was originally listed at $360,000 and was reduced to $349,000 in January; to $339,000... Read More »

Eighteen Percent Of (The) Midtown For Sale

Eighteen Percent Of (The) Midtown For Sale

Sporting a “New Price” (originally $1,200,00), new paint (we’re biting our tongues), and a new MLS number (soon to be filed under ‘trends’), unit #21 in The Midtown (1452 Bush Street) joins the three other units (#3, #9, #16) currently for sale in the twenty-two unit building. ∙ Listing:... Read More »

Those Damn Neighbors Redux?

Those Damn Neighbors Redux?

What to do when another condo in your building (1755 Jackson) hits the market for $150K less than you’re asking, offers the same square footage is larger (1985 versus 1906 sqft) and configured as a 3/3 (versus a 2/2.5), and boasts two in-building (versus down the block) parking spaces?... Read More »

Add “Dramatic” To The Guide

The infamous 1200 Indiana has undergone a “Dramatic Price Reduction” of $190,000 (8.6%) and can now be yours for $1,998,000. Before you call your broker, keep in mind that this is a commercially zoned building which means a traditional mortgage isn’t going to fly (think commercial loan or all... Read More »

2576-2580 Washington: RE-PRICED TO SELL NOW!!!

2576-2580 Washington: RE-PRICED TO SELL NOW!!!

From the same people who brought you a “Huge price reduction!!!” of $252,000 (7.8%), we now have 2576-2580 Washington “RE-PRICED TO SELL NOW!!!” at $2,889,000. That’s right, take another $109,000 (or 3.6%) off the list price, and add another entry to the SocketSite Guide to Price Reductions, and re-ink... Read More »

Update: 2257 Green Sells (Spoiler Alert…)

Update: 2257 Green Sells (Spoiler Alert…)

Our previous coverage of 2257 Green Street generated a fair amount of buzz, intrigue, and speculation. You might remember that this house was originally listed at $5.2M, was later reduced to $3.495M, and was finally reduced to $2.595M. We also reported that according to Zillow, the house last changed... Read More »

A SocketSite Guide To Price Reductions

Ever since we pointed out that $24,000 “drastic” price reduction, we’ve been wondering: what’s the difference between a “drastic”, “big”, “major” and “Huge” price reduction? Well, we now have answers! Based on current listings, it appears that while a “drastic” price reduction is $24,000, a “BIG REDUCTION!” is $51,000,... Read More »

One Listing, Two Perspectives

One Listing, Two Perspectives

We’ve had our eye on 1001 California #7 for quite some time (and not because it has two fireplaces). One, because it’s just plain gorgeous; two because it was marked down from at least $3,675,000; and three, because the listing was recently advertising “Seller will pay two years of... Read More »

Did Somebody Just Get Zillowed?

Did Somebody Just Get Zillowed?

According to Zillow.com, the house at 2257 Green Street last sold on 5/15/2000 for $3,000,000 and should now be worth (approximately) $3,770,914 (give or take half a million). What’s interesting is that 2257 Green failed to sell when it was listed at $3,495,000, and was recently reduced to $2,595,000... Read More »

Third Time (And 50% Off) Is Definitely A Charm

Third Time (And 50% Off) Is Definitely A Charm

A reader’s tip (thank you!) led us to dispatch a team to 2257 Green Street for this morning’s broker’s tour. We’re not sure if it was the free catered brunch, the property itself (gorgeous views and a fantastic remodeling), or the fact that the listing price has just been... Read More »