Featuring “an ideal floor plan with bedrooms on opposite sides of the living space, tons of closet space, a contemporary kitchen with high-end European-style cabinetry, stainless steel appliances with a coveted gas stove and sumptuous quartz counter-tops,” along with “glorious south facing light” and a parking space in the building’s garage, the 990-square-foot, two-bedroom unit #609 in the Bernardo Fort-Brescia designed Linea development at 8 Buchanan Street just resold for $995,000 or “over $1,000 per square foot,” which certainly isn’t cheap!
Purchased for $1,115,720 in April of 2014, however, the re-sale of the contemporary two-bedroom unit was 9.4 percent cheaper on an apples-to-apples basis, despite the 9-year hold and fact that the frequently misreported Case-Shiller index for “San Francisco” condo values is still “39 percent higher than in April of 2014” (having dropped 9 percent over the past couple of quarters and trending down).
Keep in mind that two-bedroom units at 8 Buchanan were being flipped for six figures more than their original contract prices mere months after the building opened, which isn’t uncommon when values are actually going up versus down.
And while “it’s just one data point,” it’s a point in the line that’s being drawn.
And that’s before the concession of including the obligatory cardboard flats for the south-facing windows…
Maybe this unit has A/C?
Should be getting it soon. There was a settlement for a construction defect lawsuit over ventilation, and AC appears to be the appropriate fix. All the windows are double pane though, so even without it (and without opening the windows to the noisy street), there are maybe three weeks a year it’s uncomfortably warm.
Should be getting it soon. There was a settlement for a construction defect lawsuit over ventilation, and AC appears to be the appropriate fix. All the windows are double pane though, so even without it (and without opening the windows to the noisy street), there are maybe three weeks a year it’s uncomfortably warm.
There was no a/c?
This feels like a pretty good value to me. The HOA is $737/month, which isn’t ideal considering the amenities are fairly limited. With tech layoffs, high mortgage rates, etc, I imagine people are really examining the math quite a bit more these days. Wonder if high HOA’s are causing problems in the math “penciling” for individuals.
Quartz countertops and stainless steel appliances are pretty much the standard these days. Hardly unique.
It looks like there’s no private outdoor space. Does the building have any outdoor community space to speak of? For $737/month in HOAs it would be nice to know what that money goes toward.
It has a sizeable roofdeck running along the length of Market St and a doorman. That appears to be it.
” Does the building have any outdoor community space to speak o?f”
One block up are the Safeway Steps, where one can mingle with friendly international tweakers, while kitty-corner is Whole Foods al Fresco, where one can sit on a bench with other yuppies while chewing $15 Bezos bagels.
Hey that’s unfair.
There are plenty of tweakers at Whole Foods as well.
Do granite counter tops have much marketing appeal nowadays? That was a thing 20 years ago.
Wow. 2/2’s with parking, gym and pool are going for more in Diamond Heights.
When this was new, it was marketed as a luxury building. It was even featured on Million Dollar LIsting-SF.
“… and a parking space in the building’s garage”
Isn’t parking required to be unbundled from residential sales these days? Or does that just apply to the initial sale of new units?
I was told by a resident that the end units were built with a/c. All of the other units are being retrofitted after a $10MM judgment. The listing doesn’t mention a/c though. I’m sort of surprised that anyone can sell or would buy before the a/c is sorted out.