There are hints of rationality in the SF market if you take the time to search for them, and the latest at 1448 Kearny certainly qualifies. Despite the killer Telegraph Hill location, the listing finally, finally expired after attempting to sell an interior-designed studio for about $2,110/SF. (Did they know that the Ritz-Carlton Residences in SF averaged $1,360/SF?)
Nevertheless, it produced a little new parlance around our offices. If a home has so few "grab factors" that you end up shooting copper stars on the beadboard walls, consider talking to the seller about pricing expectations again. We find ourselves referencing Kearny every few days with a sigh and a "We're getting into copper star territory" as we do one Brokers' tour or another.
The Story:
List price: $699,000 (Reductions? Oh, yes. Originally $778,000 or $2,360/SF)
List date: January 2, 2007
SF: Not provided by agent, but tax records show 330 SF
Comments: Sold fully-furnished; height restrictions
2 comments:
you did also see in the kitchen and bath pics that the ceiling slopes at such an extreme angle that you almost can't use the sinks.
that's $2100 per square foot, or only $233 per star! duhhhhh.
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