Potrero’s 509 Vermont Returns, Reduces Price—Again
Posted by insidesfre on October 6, 2009
Potrero’s 509 Vermont Street is back in the game, after spending many months in 2008 on the market unsuccessfully. Along the way, the sellers have had a baby, worn out their first listing agent, and also seem to be coming to terms with the reality of the current market.
The 3BR/3BA, garage-free property located near the 101 off ramp between Mariposa and 18th Street started off in March ‘08 at $1,795,000, eventually dropping the price to $1,695,000 before its last reduction in August. Now, the sellers have tapped a new agent, and a new price–$1,595,000.
My initial instinct on price after seeing the property last year was that it was worth somewhere in the neighborhood of $1.2M. We’ll see.
