Purchased for $2,425,000 in June of 2019, the stunning 2,200-square-foot live/work loft #102 at 355 Bryant Street returned to the market listed for $2,250,000 million last year after a “Luxury Live Auction!” failed to produce an acceptable offer in 2020.
Subsequently reduced to $2,195,000 million, the sale of the high-end condo has now closed escrow with a contract price of $2,212,500, which is officially “over asking” according to all industry stats and aggregate reports but 8.8 percent ($212,500) under its 2019 value on an apples-to-apples basis while the Case-Shiller index for “San Francisco” condo values was up 4.0 percent over the same period of time.
Good buy . Good sell . Lots of winning going on .
Sure, there’s leverage going on here, so it’s not like the seller just lost that $212.5k gross over the thirty-three month holding period…but come on, the seller did not do well for themselves here.
Great unit but terrible location…with all those cars the air quality can’t be great.