Optimistic Homeowner Tries to Sell Sinking Millennium Tower Condo in SF for Almost Double What He Paid - NBC Bay Area
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Optimistic Homeowner Tries to Sell Sinking Millennium Tower Condo in SF for Almost Double What He Paid

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    Optimistic Homeowner Tries to Sell Sinking Millennium Tower Condo in SF for Almost Double What He Paid
    Getty Images
    File image of the sinking and tilting Millennium Tower in San Francisco.

    The sinking and tilting of the 58-story Millennium Tower in San Francisco has caused great losses for most of its residents who see themselves forced to sell their multi-million dollar condos at an average loss of $320,000, Business Insider reports.

    One optimistic seller, however, listed his 2,706 square foot, two-bedroom, three-bath unit for $5.6 million, almost double what he paid for it back in 2008 at $3.23 million.

    The residence offers 180-degree views, spanning 40 miles from the North Bay, Richmond-San Rafal Bridge and Sausalito to Potrero, Burlingame and the South Bay.

    Thought this might seem like an oddity to many, the owner of unit 55A might have made a good choice as the city is working on repairing the tower.

    In January, crews launched a $9 million exploratory drilling project to evaluate a planned fix for the sinking and tilting structure.

    According to SF Gate, the broker of apartment 55A says the owner lives in the East Coast and has only spent a few days in his condo in San Francisco. However, he claims he invested a lot of money in the interior design and renovation of the property and would like to see a profit.

     

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