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July 28, 2010

Russian Hill Hideaway on Culebra Finally Sells

It’s literally been years that the owners of 46 Culebra Terrace in Russian Hill have been attempting to sell the property. On and off the market since 2006, the 3BR/2.5BA home with the somewhat challenging floor plan hit the market most recently in January for $2,395,000, and was down to $1,995,000 earlier this month.

That price did the trick (and then some), and the sale closed late last week for $1.9M. Years of market chasing may do the trick, but isn’t it easier to just price a property at what the market will bear?

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