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March 23, 2009

Loft Market Gets a Lift

650_2nd

Listed most recently in January for $2,750,000, 650 2nd Street #502 closed escrow last week for $2,450,000 in an all-cash transaction.

This 4,190 square foot, 5BR/4BA has had an interesting ride over the past few years. It was on the market for a good part of 2008 at a $2,895,000 asking price, and last changed hands in 2004 for $2.3M. Prior to that, it sold for $2.6M in 2000.

Three units were combined to create the current property, and it features 60′ windows and three-car parking. I’m guessing the $1,340 monthly HOA dues won’t be a problem for the new owner.

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