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Russian Hill Mansion Loses Nearly 25 Percent in One Year

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Once: $4,998,000
Then: $3,998,000
Now: $3,850,000
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]

1112 Lombard St., San Francisco, CA