Location, Location, Location

If you’ve ever visited San Francisco, there’s a good chance you’ve seen the iconic “Painted Ladies.”

Unknown-1

 

As you may imagine, these houses don’t come up on the real estate market too often. The last one sold was a decade ago.

Until now.

The green house on the far left – the anchor, if you will – sold recently for $3.1 million, $900k below its original asking price.

Don’t feel too bad about the fire sale pricing. The owner bought the house in 1975 for $65k, so no matter how you do the math, I think he’s coming out ahead.

A story about the sale appears here.

 

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s