We’ve been intrigued by the truly high-end conversion of unit #102 at 355 Bryant Street since the 2,200-square-foot loft hit the market listed for $2.195 million, or roughly $1,000 per square foot, back in 2006, outfitted with Italian cabinetry, hardware, wall systems and book-matched slabs of Carrara marble.
Reduced to $1.995 million and sold for $1.935 million in January of 2007, the two-bedroom, two-bath unit subsequently traded for $2.1 million in October of 2015.
And having returned to the market priced at $2.475 million two months ago, the resale of 355 Bryant Street #102 has just closed escrow with a contract price of $2.425 million, or roughly $1,101 per square foot, representing total appreciation of 15.5 percent for the high-end loft since the fourth quarter of 2015 or 4.0 percent per year on a straight line basis. The loft has seen some improvements since returning to the market which could explain the price increase. The owner is said to have re-modernized the interior as well as getting austin roofing contractors to fix existing issues with the roof.
As always, design matters (particularly when the market’s in flux).