Sold – Closed Escrow

Pinnacle #803 – Sold

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550 Front St #803 – Floor Plan – Sold for $440,000

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This REO/foreclosure listing on the east side of the building closed today for $440,000 – excellent price for the buyer.  Tax rolls show 911 sq ft, but builder’s brochure says 1012. Excellent price – expect a lot of activity on this one. First bank-owned listing in a while in the building.

Pinnacle #2003 – Sold

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550 Front St #2003 – Floor Plan – Sold for $715,000

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This middle-unit on the 20th floor facing east closed escrow today for $715,000.  Pretty clear now that the market has been set for middle units on the east side of the building based on recent activity.  Congratulations to the new owner!

Pinnacle #1103 – Sold

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550 Front St #1103 – Floor Plan – Sold for $717,000

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Closing today for $717,000, not that far from the asking price is this traditional of this middle unit on the east side of the building. The unit was furnished as well.  Priced much more realistically than some of the competition, no surprise to see it close. Congratulations to the new owner!

Pinnacle #1007 – Sold

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550 Front St #1007 – Floor Plan – Sold for $302,000

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This 1 bedroom unit which was in the process of being converted into a “medieval” studio on the west side of the building with a nice bay view sold for $302,000 – about $10,000 over the asking price.  Excellent opportunity for the new owner.

Pinnacle #1004 – Sold

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550 Front St #1004 – Floor Plan – Sold for $720,000

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This northeast corner unit the 10th floor closed today for $720,000 – just a bit under the original asking price.  Nice value for a corner unit in the building that’s move in ready, traditional sale.  Nice balcony size on these units as well (and you get a 2nd small balcony off the kitchen as well, perfect for the barbecue).  Congratulations to the new owner.

Pinnacle #3201 – Sold

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550 Front St #3201 – Floor Plan – Sold for $2,850,000

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Congratulations to the new owner of this terrific south-facing unit at the Pinnacle! Unparalleled views and large square footage as well.  Unique floor plan – only a couple in the building, definitely a trophy property.  The property was for sale for $2,995,000, so just a modest negotiation in order to get it sold.

Pinnacle #1708 – Sold

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550 Front St #1708 – Floor Plan – Sold for $1,315,000

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This southwest corner unit sold for $1,315,000 – about $225,000 less than the asking price. Per the MLS it actually went from active status to sold status directly, likely meaning the previous buyer who was in escrow performed in the end. The market seems to have spoken that 01 and 08 units are pretty firmly worth $1.1M to $1.4M.