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.