Purchased as new for $1,016,000, or roughly $963 per square foot, back in March of 2014, the “primely” located two-bedroom, two-bath unit #415 at 8 Buchanan Street (a.k.a. Linea) returned to the market priced at $1,156,999 in June of last year (a sale at which would have represented total appreciation of 13.9 percent since the first quarter of 2014 or roughly 3.1 percent per year).
In addition to Bosch appliances, Italian cabinetry, quartz counter-tops and Kohler and Grohe fixtures, the unit comes with a deeded parking space in the garage and a balcony overlooking the building’s courtyard. And apparently, the unit, for which the HOA dues have consistently run around $620 per month, remains in nearly new condition, having never been rented as an income property nor lived-in full-time.
And after 9 months on the market, the resale of 8 Buchanan Street #415 has now closed escrow with a contract price of $1,047,048, representing total appreciation of 3.1 percent for the unit over the past five years on a straight line basis (and more likely with a bit more up, and then down, between).