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January 12, 2009

$10M for Your Own Castle

One of the most interesting listings out there right now is over at 601 Dolores, opposite Dolores Park. This 9,690-square foot historic church was purchased in October 2007 for $2,210,000 with the full disclosure that the building involved unreinforced masonry, an order of abatement, and a pending lawsuit.

It’s now a pocket listing of sorts, and can’t be found on the Multiple Listing Service just yet. With an asking price of $9,950,000, I’m not sure what the prospects are in the current economy. For that price, far better locations can prevail. But you just know there’s a buyer out there somewhere (probably from overseas) who will think 601 Dolores is da bomb.

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