CFAH

733 Front Street

According to a plugged-in tipster, 733 Front Street is now 84% sold with eleven (11) of the original 69 condos remaining (which represents net new sales of ~12 units over the past five months). From our tipster:

Both of the incentive packages you previously noted remain available [as well as twice-monthly housekeeping services and gourmet meal delivery by Cook!SF for one year]. Interestingly, sales staff are openly discussing price reductions (though of course none of the listing prices have changed), unlike at some other newer developments (170 Off Third comes to mind) where developers are resolutely refusing to discuss such things.

The current “list” prices for six of those eleven remaining units:

733 Front Street #203 (1/1) 949 sqft – $735,000
733 Front Street #207 (1/1) 846 sqft – $695,000
733 Front Street #301 (1/1) 1,004 sqft – $750,000
733 Front Street #307 (1/1) 846 sqft – $715,000
733 Front Street #311 (1/1) 885 sqft – $735,000
733 Front Street #605 (2/2) 1,543 sqft – $1,950,000

And while the developer is offering incentives (and reductions) in order to close the last eleven, 733 Front #213 has hit the resale market with a list price of $659,000 (including “HOA dues paid til Aug. 2008”). As far as we know it was originally offered by the developers for $550,000. And yes, we’ll keep you posted.

Comments from Plugged-In Readers

  1. Posted by chuckie

    On #213, including HOA and leasing fee and PITI, I am calculating monthly cash outflow of $5000 per month not counting any transaction costs. Granted there will be a tax saving of $1000-1200 a month.
    Does anyone know how much these units rent for?

  2. Posted by Brian

    I saw a one bedroom unit listed for rent on Craigslist this week for $2900. The rental was handled through AMSI, and so the owner is also paying a fee to AMSI for handling the rental.

  3. Posted by Mole Man

    That building really needs … something. Gargoyles, perhaps?

  4. Posted by Michael L.

    Twice monthly house keeping – that like a once a year lawn mow…

  5. Posted by Sandman

    I put a couple clients into this building in the last 2 months. They really love the neighborhood & the project. Deals are to be had. As a result, the sales team hooked me up with that great CookSF promotion on top of my commission – not bad!
    One last note: neither of them have cars (gasp!) and are doing fine walking & using zip car & public transportation. Can anyone believe it?!

  6. Posted by Sandman

    I put a couple clients into this building in the last 2 months. They really love the neighborhood & the project. Deals are to be had. As a result, the sales team hooked me up with that great CookSF promotion on top of my commission – not bad!
    One last note: neither of them have cars (gasp!) and are doing fine walking & using zip car & public transportation. Can anyone believe it?!

  7. Posted by Sandman

    I put a couple clients into this building in the last 2 months. They really love the neighborhood & the project. Deals are to be had. As a result, the sales team hooked me up with that great CookSF promotion on top of my commission – not bad!
    One last note: neither of them have cars (gasp!) and are doing fine walking & using zip car & public transportation. Can anyone believe it?!

  8. Posted by Serge

    I used to work on the same block on the Battery and Broadway side. Would walk by it to get to Safeway.. not too bad looking of a building, views are probably fantastic, but as others said itmight need a tiny bit to jazz it up.

  9. Posted by notsexy

    looks like an office building….Ooopps…it is an office building trying to be luxury condos. Instant negative equity.

  10. Posted by jessep

    does anyone have any news on this development?
    Recent sales, price psf, or rental info?
    Thanks! =)

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