You Save: $1,500,000 2000 Washington, touted as one of San Francisco's "most desirable co-op buildings," is having trouble moving another one of its units, which hit the market in mid-September for $11.5 million. The seller has hacked $1.5 million off the asking price—probably because the place is in serious need of updating. The building has a history of sales trouble, with the 5th floor unit selling in 2011 for nearly $1 million under asking.
Unit #3 last sold in 2002 for a more reasonable $5.3 million. Since then, it looks like the current owners have poured money into renovating it with Venetian plaster ceilings and chandeliers that look like they came straight out of Versailles. Décor aside, the penthouse does boast over 5,000 square feet and sweeping bay views.
· Totally Dated Pacific Heights Penthouse Asking $11.5M [Curbed SF]
· Pacific Heights: Trouble at the Top of the Food Chain? [Curbed SF]
· 2000 Washington St #3 [Redfin]