Fitting the profile of a “luxury” unit, the “two-level house-like condominium in the heart of the Marina” at 2330 Francisco Street was purchased for $2.875 million in February of 2017.

The renovated 2,200-square-foot unit features high-end finishes, three bedrooms and two and a half baths (along with two-car parking and “the latest electric charging equipment” in the garage).

And having returned to the market listed for $2.95 million in February of this year, a sale at which would have represented total appreciation of 2.6 percent for the luxury unit over the past two years, and then re-listed for $2.898 million in May, the resale of 2330 Francisco Street has just closed escrow with a contract price of $2.75 million, down 4.3 percent since the first quarter of 2017 on an apples-to-apples, versus “median price,” basis.

Comments from Plugged-In Readers

  1. Posted by incompre

    So if this “condo” comes with the garage and both stories of the house, and the backyard….what is the “condo” part? You pay HOA fees to yourself?

  2. Posted by Jim

    I believe it is your standard one-level two-bedroom “marina style” lower flat, with the rear of the garage added to the unit via an internal stair. It is a condo because the upper-level two-bedroom flat remains as was.

  3. Posted by Keenplanner

    Extremely drab unit that looks like all the others on the market.
    Giant flat screen over the fireplace is a true sign of suburban thinking and real tastelessness.

    • Posted by SFMichael

      More likely it was the stagers. The screen looks too high for actual viewing.

    • Posted by Marina Renter

      Just curious, given the living room size where would you put the TV?

      • Posted by Mark F.

        There doesn’t seem to be a good spot for it. Maybe leave it out and make one of the bedrooms a small television viewing/guest room?

      • Posted by shza

        Wall opposite the fireplace, probably. Or get rid of the fireplace, which will be used maybe once a year, if ever.

    • Posted by Sabbie

      Cue the readers blaming the price drop on subjective design features of the property, and not understanding the concept of “apples to apples” whereas the property had those exact same features when it previously sold for a higher price. Every time, sigh.

  4. Posted by EBGuy

    It appears to have sold for $2.5 million in 2014.

    [Editor’s Note: After which a closet was converted into a powder room (new toilet, sink and plumbing), at the very least.]

    • Posted by tipster

      Isn’t that weird. 10% over 2014, and they added the half bath in the mean time. Case-Shiller says we’re up 65%.

  5. Posted by Plugger

    Lotta bucks to be a downstairs neighbor.

Comments are closed.

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