You Save: $1,148,000, or 23 percent!
Not a pretty flip, this one. After selling on New Year's Eve 2008 for just a hair over $3 million, 1112 Lombard in Russian Hill hit the market again this past summer, asking nearly $5 million. And then began its slow, inexorable descent back down to $3 mil. The owner knows when to let go, though: the listing notes a "VERY motivated seller," and a "MAJOR price reduction." How looooow can they go?
· 1112 Lombard [Redfin]
· PriceChopper: Big and Beautiful Takes Another Hit on Russian Hill [Curbed SF]
· On the Market: Colonial Fortress in Russian Hill [Curbed SF]