Designed by Frederick Herman Meyer and finished in 1913, the Belgravia at 795 Sutter Street is a classic 18-unit building.
Purchased for $1.5 million in May of 2016, unit #301 measures roughly 2,000 square feet and features a proportionate 9-foot ceiling, beautifully maintained finishes and a three-bedroom, two-bath layout with a formal, yet open, dining room to boot.
The unit’s kitchen and baths have since been remodeled.
And having returned to the market priced at $1,759,000 this past March, a sale at which would have represented total appreciation of 17.3 percent for the classic condo since the second quarter of 2016, not accounting for the costs of the aforementioned remodeling, the resale of 795 Sutter Street #301 has just closed escrow with a contract price of $1,341,600, down 10.6 percent since the second quarter of 2016 (not accounting for the costs of the aforementioned remodeling).
And yes, the HOA dues are relatively high for an older condo building ($1,222 per month) but fund an onsite building manager, a storage room in the basement and the use of a separate apartment in the building for guests.