At first we assumed it was a typo. It’s a two bedroom two bath condo in the Marina that’s listed at 2,348 square feet (and for $1,410,000). That’s big. And as best we can tell, it’s also accurate as public records list 1533 Beach Street #3 at 2,348 square feet (and as having sold on 5/11/05 for $1,375,000).
UPDATE (5/16): Big indeed. It sold for $1,525,000. And let’s not forget that invitation to the housewarming.
∙ Listing: 1533 Beach Street #3 (2/2) – $1,410,000 [Hill and Co.]
Google map it. It’s 3 doors down from a huge Safeway.
You do realize its 2,348 sqft for the entire building right guys? I’ve been inside, and it’s under 1,400sqft. You guys should take a look at 3221 Octavia St. 3.5 mil asking SFH, heard it’s going for 3.7 mil after 5 offers. Market is ripping.
“You do realize its 2,348 sqft for the entire building right guys?”
So the listing agent and public records are both wrong? That’s reassuring.
“Market is ripping.”
This one is listed for 2.4% over what it sold for in 2005. Perhaps you meant “rip tide”. It might be near a Safeway, but it was back then as well.
I lived in a 2/1.5 in the Marina that had rooms about that size that was 1680 square feet, but that kitchen is a bit larger than mine, the extra bath adds about 50 sq feet and the sunroom adds about 150, so it’s probably just under 2000 sq ft.
I’ve been in 1450 sq ft places and those 1400 sq ft places in the marina couldn’t fit that big of a dining room table. You’re lucky to seat 4 in a 1400 sq ft place, and I’ve NEVER seen a second bath and a sunroom in such a place.
Propertyshark lists for unit 3, as a 3/2 (consistent as 2/2 with sunroom) at 2348 sq ft. That may be a stretch, but trying to portray it as 1400 sq ft has the mark of “Prime Property” desperately trying to hold on to $1000 psf
It *is* good to know that prices, up by 20% in the last year and a half, are back down by that amount in 6 months.
Down by 20%! Who would have thunk it!
There’s a very siimple solution to this mystery, just go to their open house and figure out for yourself. Is $1.41 mil the sales prices, or conveniently low asking price to generate a bidding war? Come on guys, this about it. If people don’t think prices are up about 20% since the beginning of 2005, so be it. But I believe it, b/c I’ve seen many final sales prices that much higher, and I’m bidding on property right now, and have LOST.
http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSLogin&ARGUMENT=zvKJ9efrbFlwqvsrsX5LUtsYC5MUyu8Lzg5N%2FzDV%2B1o%3D&KeyRid=1
Here’s a link to the $3.5 million asking price home. Went pending in under 2 weeks. If the market is so bad, how can people be lined up to buy a $3.5 million piece of property in under 2 weeks? It’ll be interesting to see what the final price will be, as I’ve never seen a plane 3 story Marina house sell for more than $2.75 million before. $2.75 mil was the highest I saw last year. This was a 2 unit conversion into a SFH, which should carry a premium, but how much is the question.
1533 Beach St. #3 may be close to 2,000 sqft, and if it is, it probably is in need of a good remodel. Typical 2/2s with sunrooms are about 1,600 sqft max though. As the 2/2.1s are around 1,380-1,400 with the half bath in the hallway or under the staircase. The sunroom is not a fullsize room, so add 100sqft, and 50sqft i agree for another bathroom for roughly 1,600 sqft. I’ll check it out during the open house and report back.
That’s a great property, on Octavia, Prime. They added a 600 sq ft apartment to a 3450 square foot home, redid the whole place with the highest quality finishes and sold it for just over $860psf.
That can’t be good for comps. With those finishes, that place is down 20% from last year.
well, a $3.5Mm house is in quite a different market than a $1MM house. Totally different type of buyer who is much less affected by the economy, interest rate environment, etc.
ladida, it seems clear this is the house you bid on and lost. I saw that come on the market and it is a sweet property. Well worth the asking price. The place is prime. IMO
Anyone check out the $1,670/mo. HOA fees? Looks like it includes quake insurance, but that is a brutal payment each month considering the building size. I hear quake insurance premiums have skyrocketed.
[Editor’s Note: That’s $1,670 per quarter, not month. And there’s no way that includes quake insurance.]
“a 3.5M house went over asking so the market is ripping”
I wish socketsite had smilies functions on here…
I missed the open house but drove by this weekend. It is a couple of doors down from the Marina Safeway but not in a bad way whatsoever. Anybody make it inside?
This place is in contract. Someone give us an update when it’s sold.