Listed as “a coveted 1-bedroom + den/office/dining at the ARTERRA, San Francisco’s premiere LEED-Silver luxury residential high rise” in August of 2015, the 851-square-foot unit #604 at 300 Berry Street was in contract within a week and sold for $1.02 million that September.
With the owner now moving out of the country, 300 Berry #604 is now back on the market with a $988,000 list price, a price which includes “most [of the] furniture showed in [the] pictures” below.
If you think you know the existing condo (and used furniture) market in north Mission Bay, now’s the time to tell.
Its a pretty bland unit. The bedroom door opens into the middle of the “living area.” The rooms are all shoebox shaped and the bath has no natural light. All the fixturing and details are perfunctory like you would see in a condo anywhere in the US. To me anything above $1000 a sq ft is a stretch.
Keep in mind that the sale in 2015 set a comp at roughly $1,199 per square foot, at which point the unit was fetching a rent of $3,725 per month and the monthly HOA dues, which have since increased to $538, were $466.
This! It’s dark and gloomy, and the interiors are too basic to justify a high price.
boxy and boring
One of the worst buildings I’ve ever seen built in the modern era of SF development. It’s neighbor is just as bad. That’s why I’m scared to death of the Central SoMa plan.
The city has proven over and over again that ‘mid-rise’ zoning = ugly box.
Looks like living in witness protection.
Wound up closing at asking 39 days after the above post. Then something happened which appeared on the MLS like a re-listing 19 days afterwards asking at the same level and sold 101 days after that for 0.8 percent less.
So, you’d think that if the unit stopped trading like a Magic: The Gathering card, things would improve for sellers, right? Like, right now San Francisco is in an and so you’d expect a unit like this one to trade higher, right?
Listed again in March of this year, three plus year into the current so-called for 15.5 percent less than the selling price prior to the COVID-19 pandemic, 300 Berry St Unit 604 sold for 0.4 percent under asking 48 days later for $825,000, an equity-impairing 15.8 percent decrease from the previous sale and which also constitutes a 19.1 percent nominal decrease in value from the August of 2015 sale price mentioned in the initial ‘graph of the main post above. Oy.