While just listed on the MLS without a disclosed address or associated sale history, the “spacious 1B1B condo in the heart of San Francisco, with breathtaking views that will leave you in awe…across from the renowned Proper Hotel” is unit #306 at 1075 Market Street (a.k.a. “Stage 1075”).
Purchased for $809,000 in July of 2018, which was in-line with other comp-setting sales at the time, the 672-square-foot unit #306 was just listed for $598,000, with the “remarkable bonus” of a “high-quality tenant…in place, ensuring stable rental income” for the “once-in-a-lifetime chance to own a piece of San Francisco’s extraordinary lifestyle.”
The 90-unit, Mid-Market building has a lobby attendant, virtual doorman and an enviable rooftop deck with multiple fire pits, lounge seating, a barbeque and a dog run with a hose.
If you think you know the market for entry level condos in San Francisco, now’s the time to tell.
Keep in mind that the 672-square-foot unit #606, three floors up at 1075 Market Street, sold for $625,000 at the end of last year (which was 29.1 percent below its “once-in-a-lifetime” price in October of 2018), while the 672-square-foot unit #706, which was purchased for $979,000 in February of 2019, remains on the market having been listed for $688,000 last month, a sale at which would be 29.7 percent below its 2019 price on an apples-to-apples basis.