Purchased for $575,000 in June of 2016, the 551-square-foot studio #403 at the Marina Chateau (2701 Van Ness Avenue) returned to the market listed for $610,000 in January.

The unit, which is outfitted with a Murphy Bed, features a distinct dining area, kitchen, walk-in closet and a custom tiled bath (but no parking).

And the sale of 2701 Van Ness Avenue #403 has now closed escrow with a reported contract price of $630,000, an apples-to-apples gain of 9.6 percent over the past 20 months or roughly 5.4 percent per year for the entry-level unit with HOA dues of $553 per month.

Comments from Plugged-In Readers

  1. Posted by Amewsed

    Nice walk in closet. Read a couple of books from the South African /English designer Kelly Hoppen about the way to design simple clutter-free open shelving closets.

  2. Posted by Foo

    No way. Socketsite reports on values that go up, too?

Comments are closed.

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