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June 14, 2009

Dominos on Dolores

1583_87 dolores

The first of the condos in the three-unit building at 1583-1585-1587 Dolores at 29th Street in Upper Noe Valley went on the market in April—the 3BR/1BA top unit at 1583 Dolores. It was listed at $869,000, but has since been reduced to $799,000. There isn’t parking in the building, but the seller has secured leased parking at $200 per month.

The lower unit at 1587 Dolores tossed up its For Sale sign a month later, offering the sidewalk-level, 1BR/1BA unit with no parking prospects for $549,000, only to be reduced later to $479,000.

The latest neighbors to get on the selling bandwagon are the folks in middle unit at 1585 Dolores. This 2BR/1BA unit with no parking options is being offered at $649,000. Listed on June 12th, there’s still time for a price reduction, based on the activity of the other two units. No word yet on why everyone’s bolting from the building. My guess is that the domino effect has hit the building, but it should be interesting seeing how all the sales prices play out.

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