The Actual Appreciation for a “LuXe” One-Bedroom
October 13, 2021
Purchased for $1.17 million in February of 2017, the 894-square-foot Pacific Heights condo #506 in the “LuXe” at 1650 Broadway returned to the market priced at $1.3 million last month.
The one-bedroom unit is outfitted with two full bathrooms, a den and an open living area, with high-end finishes, floor-to-ceiling windows and a patio with views of the historic St. Brigid Church, along with a moveable kitchen island for flexibility and flow.
There’s an assigned parking space in the garage and in-unit laundry, with HOA dues of $1,063 per month.
And the resale of 1650 Broadway #506 has closed escrow with a contract price of $1.285 million, representing total appreciation of 9.8 percent on an apples-to-apples basis for the Pacific Heights one-bedroom since the first quarter of 2017 or roughly 2.0 percent per year.
The widely misunderstood Case-Shiller index for “San Francisco” condo values is up 20.2 percent over the same period of time.
Comments from Plugged-In Readers
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I’m confused. Are those interior shots of LuXe, Infinity, Lumina, One Rincon Hill Tower, The Pacific, or The Harrison?
Yes.
i know it’s not lumina because i didn’t see the word “gaggenau” in the entire post.