CFAH

Purchased for $1.785 million in May of 2016, the two-bedroom, townhome-style condo #B at 1902 Lyon Street, “perfectly situated on a tree lined street in Pacific Heights,” returned to the market listed for $1.895 million this past September, a sale at which would have represented total appreciation of just 6.2 percent from the second quarter of 2016.

The nearly 1,500-square-foot unit is “flooded with natural light” from western and eastern exposures, along with multiple skylights and a dramatic kitchen/dining area with a wall of windows and remote controlled shades.

 

And having been reduced to $1.75 million last month, the re-sale of 1902 Lyon Street #B has now closed escrow with a contract priced of $1,712,500 or 4.1 percent below its value in 2016 on an apples-to-apples basis. The widely misreported Case-Shiller Index for “San Francisco” condo values is up 22 percent over the same period of time but is dropping and rather rapidly.

Comments from Plugged-In Readers

  1. Posted by Metroliner

    I know this is petty, but for $1.7 million I wouldn’t expect exposed sprinkler heads like that.

    • Posted by Panhandle Pro

      Yikes. Agreed. At least paint them white?

      I also really don’t like the location of the powder room on the main level. Being just a few feet from the dining room, and well within earshot is…not ideal.

      Beyond those nitpicks, it’s generally a solid, well-proportioned unit in a good location. Rate increases take no prisoners…

  2. Posted by haighter

    Wow, what a lovely place to live. Great location too.

  3. Posted by Kareem Barzegar

    It looks like it is street level. $1.7M for a street level unit? No thank you. Nice pics and nice unit, but street level?

  4. Posted by sf

    Is it pronounced “Lion” or “Leon?”

  5. Posted by Mark

    For that price point, remote control shades is hardly a selling feature.

    Any outdoor space other than the fire escape?

  6. Posted by Glennster

    This is a lovely unit, but when you consider 18-20k in Property tax and HOA…..the economics of living in this place become discouraging.

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