The infamous Castro Drugden sells for $ 4.8 million after completion

After a complete refurbishment, the infamous Castro district building on 517-519 Sanchez Street (near 18th Street) sold for $ 4.8 million.

During the three-story Victorian era, with a very sketchy past, studs were remodeled and now have five bedrooms, four and a half bathrooms, and a car garage. The house is technically two units, with a kitchenette on the ground floor unit connected to the rest of the house via internal stairs.

The house also has a roof deck and a terrace outside the Master Suite with views of downtown and Twin Peaks. As an additional amenity, the house has 84 temperature-controlled wine rooms.

517-519 An aerial shot of Sanchez St in the west. | Photo: Anthony Koutsos Real Estate

517-519 Sanchez St kitchen. | Photo: Anthony Koutsos Real Estate

Foodline readers will remember that city attorney Dennis Herrera filed a proceeding against homeowners in 2015.In 2015, the city sued real estate owner Joel Elliott for multiple violations, from drug-related crimes to violations of housing and building codes.

The property was listed for $ 2.6 million in 2017 to pay more than $ 1.6 million in civil penalties, attorneys’ fees, and other costs associated with the 2015 proceedings. At the time, Elliott told Foodline that the property could not be sold due to a pending proceeding and was removed from the market.

District 8 supervisor Scott Wiener told the hoodline that the building “outright ignores public security laws and regulations” and is “unacceptable.”

“These devastated properties seriously undermine the safety and quality of life of our neighborhood,” Wiener said.

Two alerts fired on February 23, 2018 517-519 Sanchez St. | Photo: Stephen Bracco / Foodline

Three years later, on February 23, 2018, a fire caused by two warnings burned down a drug trafficking office. The house has since been sold for $ 2 million and has been under construction ever since.

After construction was completed, the house went public in September for a spectacular $ 5.35 million. Then, in October, the price was reduced to $ 5.25 million and then to $ 4,998,500. Eventually, the home was sold at a price 10% lower than the original asking price.

According to official records, the cost of the modification is about $ 450,000.

The infamous Castro Drugden sells for $ 4.8 million after completion

Source link The infamous Castro Drugden sells for $ 4.8 million after completion

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