Purchased for $2.125 million in April of 2016, the “rarely available,” two-bedroom, two-bath condo #17E in the LUMINA tower at 338 Main Street was offered for rent at $7,000 a month in 2018.
After a year as a rental, the unit returned to the market priced at $2.4 million in May of 2019, was reduced to $2.349 million in August of 2019 and then withdrawn from the market that December.
And having been listed anew for $1.899 million last week, the 1,401 square foot unit with “stunning landscape views of the bridge and city” is already in contract with an official 7 days on the market (DOM).
If you think you know the market for newer view condos in San Francisco, now’s the time to tell. For those running the numbers at home, the unit’s HOA dues are currently running $1,210 per month. And keep in mind that the index for Bay Area condo values is up 14.7 percent over the same period of time (and the “median sale price” is up as well).