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October 19, 2009

Sunny Skies Appear for Russian Hill Home


I’m guessing the above shot from the roof deck of 1240 Filbert was taken last October, when the property first came on the market. Because this October, the sky didn’t look quite that blue, and the Blue Angels themselves were largely grounded.

After 358 days and four price reductions, 1240 Filbert has closed escrow. The 4BR/3.5BA Russian Hill single-family home kicked things off with a $3,450,000 asking price in October 2008. From there, it was all downhill, pricewise—and marketwise. A year later, though, things are looking up. These days, if you put the right price on a property, it will sell. Given that the average days on market of a home in the $2M-$3M range since January has been 87, Filbert just needed an adjustment here and there. It ended up at $2,550,000.

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