Purchased for $1.648 million in February of 2015, the two-bedroom, two-bath corner unit #7C atop the “Amero” at 1501 Filbert Street, on the border of Cow Hollow and Russian Hill, returned to the market listed for $1.75 million this past July.

The 1,040-square-foot unit features wide-plank hardwood floors, “a dramatic open floor plan featuring nearly floor to ceiling glass and outlooks onto Russian Hill and the Bay,” a modern kitchen with high-end finishes and a “spa-like bathroom with sumptuous marble and double vanity sinks,” along with deeded parking in the building’s garage, access to a rooftop terrace with “dual BBQ’s, [an] outdoor dining area and [an] outdoor lounge with [a] linear gas fire pit” and HOA dues of $688 per month.

Relisted anew with an official “1” day on the market and a newly reduced (although not according to MLS-based stats) list price of $1.695 million last month, the resale of 1501 Filbert Street has now closed escrow with a contract price of $1.675 million, representing total appreciation of 1.6 percent for the “rarely available penthouse” unit since the first quarter of 2015 on an apples-to-apples versus “median price” basis.

And yes, the Case-Shiller index for Bay Area condos is up 30.7 percent over the same period of time.

Comments from “Plugged-In” Readers

  1. Posted by mary_jane_jacobs

    At least it wasn’t money in WeWork.

    • Posted by SocketSite

      Despite recently plummeting, WeWork is still valued above its Series D round in late 2014 (by over 50 percent). And of course, the S&P 500 is up 45 percent since February of 2015.

  2. Posted by Tragen

    This building was way super expensive compared to other resales when it came on the market. And still sold today for $1580 a sq foot.
    The market seems fine to me.

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