Ritz Carlton rental - same stack as Short Sale

San Francisco's Ritz Carlton at 690 Market - one rental, one Short Sale.

Yesterday I wrote about the new Short Sale listing at one of San Francisco's most prestigious addresses - 690 Market #2201 asking $1,588,000.

Today I got an email from a colleague advertising #2301 asking $6,900 in rent.

According to the NYTimes Buy vs. Rent tool the unit would need to sell for $1.1 million for Buying to be better than renting within 15 years with a 5% interest rate. Those $2,425 HOA dues are probably the reason.

Short Sale at Ritz Carlton San Francisco

690 Market St #2201, San Francisco - The Ritz Carlton, San Francisco with a $1,588,000 Short Sale.


Per tax records it sold for $2,173,000 in December 2007. For over a year now they've been trying to sell it at lower and lower prices... $2.295M when they started, and $1.899M for about a month before it was taken off the MLS. But don't get too caught up in the price... if you can't afford the $2,425 monthly HOA fee don't bother :)