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250 King Street sold with a 16% discount

250 King #430 Living

The 250 King Street luxury property was once purchased for $841,500 and that happened six years ago, as Socketsite reports. After buying the property the fresh homeowners invested a significant amount of money by giving a facelift, and upgrading their real estate with hand milled woodwork, built-ins and flooring. However, the purchase wasn’t a lucky [...]

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St Regis penthouse appraise to $35 million is under contract

St-Regis-penthouse

The fabulous 20,000 square foot penthouse atop the St. Regis in the city of San Francisco which was listed for $35 million, has found a buyer and now is in contract, according to SFLuxe. The luxury property was created by an international award-winning interior design company called Orlando Diaz-Azcuy Design Associates and it is strapping [...]

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Ritz-Carlton property purchased at 52% discount

Ritz-Carlton Residences

The property located at 690 Market Street #2301 was purchased for $2,201,500 in March 2008 on the penultimate floor atop the Ritz-Carlton Residences in San Francisco. Eight months after the purchase the real estate returned to the market listed for $2,299,000 Socketsite reports. At the beginning of 2009, the same property price was reduced to [...]

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San Francisco short sale: 310 Towsend #408

310 Townsend #408 Living

Market update: it looks like the hunt for bargains are helping the San Francisco housing market to move forward. 310 Townsend #408 was listed as a short sale for  $425,000 in August, while it was purchased for $665,000 in 2007. The listing says: “Currently tenant occupied, the condo commands $3100 per month in rent, making [...]

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High-end properties hit the courthouse steps in San Francisco

136 Saint Francis Blvd

The 4,210 square-feet property located at 136 Saint Francis Boulevard was purchased for $2,000,000 back in 2003, while it was traded for less than half of that amount (to be more precise: for $888,000) in 1996. The luxury real estate was refinanced five years go with a new $2,120,000 first mortgage. The first default was [...]

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Robert Mondavi’s Napa estate scheduled to be sold at auction in November

Mondavi Estate Kitchen

Robert Mondavi’s 56-acre Napa Valley is scheduled to be sold at auction on November 16. However, the bids will be sealed but fact is: bids start at $13.9 million. The real estate is located at the center of the huge Napa Valley Mondavi Estate at 5681 Silverado Trail and it features 11,500 square-feet of living [...]

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56 Sotelo Avenue short sale closed

56 Sotelo Avenue

The 56 Sotelo Avenue was first listed with an asking price of $1,995,000, while it was purchased in 2007 for $1,900,000. The additional $95,000 is because the property was remodeled incorporating new wrought iron gates imported from South America amongst other updates. After spending ten months on the market, it was relisted and reduced for [...]

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One Rincon Hill high-rise apartment listed as short sale

One-Rincon-Hill

It’s been almost five years ago that One Rincon Hill opened its sales office door. At that time, with “One Gincon” signature cocktails in their hands, buyers lined up until late in the evening for the right to reserve a unit in the building. But 3 years after the owners moved into the high-rise apartment, [...]

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The most expensive bank-owned residential listing on the market

San-Francisco-luxury-apartment

A San Francisco penthouse apartment previously listed for $70 million has been repossessed by its lender, entity which put it back on the market for less than half of the previous listing price. One of the curiosity of the luxury apartment it has never been lived in, and the second one is that the most [...]

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Luxury market prices drop in comparison with last year

According to the First Republic Prestige Home Index luxury home prices in San Francisco, San Diego and Los Angeles declined from year ago levels. The expert are afraid the current quarter will look even worse. The San Francisco’ bank quarterly survey reveals that the value of Bay Area’s luxury homes fell 1.3% in Q2 from [...]

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