Measuring 714 square feet, the one-bedroom unit #435 at 555 Fulton Street, which overlooks the building’s tranquil interior courtyard, sold for $745,000 or roughly $1,043 per square foot in March of 2021.
Located “steps away from San Francisco’s renowned performing arts venues, dining, boutiques, and charming streets for leisurely strolls,” with a new Trader Joe’s now an elevator ride away, along with a rooftop terrace with sweeping views, the Hayes Valley condo has just returned to the market priced at $725,000, a sale at which would be “at asking!” and “over $1,000 per square foot!” but down 2.7 percent on an apples-to-apples basis.
If you think you know the “surging market” for Hayes Valley condos, now’s another chance to tell. Keep in mind that the frequently misreported index for “San Francisco” condo values is “still up!” over the same period of time.
Having lived in a unit facing an interior courtyard, they are far from tranquil. They are echo chambers and you basically become a resident of all the other units facing the courtyard.
Is there any room for landscaping in the courtyard? Some greenery would dampen the noise.
There’s always room for a few stalks of bamboo
It may face “inwards”, but it doesn’t seem to have any units across from it, so probably not as much echo as other units.
People, people!! Where are your imaginations ? Is this not the perfect set-up for a Rear Window scenario? The
lightwellcourtyard even seems to have the requisite planter boxes for an inquisitive dog to…uhm :”dig something up” (They’re rather narrow, but I think a clever sort should be able to work around that…are there still some hardware stores in the neighborhood?)This is the same developer that built ‘Slavery Towers’ in San Jose. Not sure I would buy anything developed by them.
And in addition to that, this building (the 555 Fulton project) is the same one which brought to light the practices of one Walter Wong, a permit expediter who regularly conducted business with the San Francisco Dept. of Building Inspection and was implicated in the the 2020 City Attorney probe of alleged misconduct by Tom Hui, the since-ousted director of the Dept of Building Inspection, which itself was kicked off by disgraced ex-Public Works boss Mohammed Nuru’s January 2020 arrest by federal agents on corruption charges.
Evidently, Wong’s specialty was getting plans for projects he was involved in circulating quickly from DBI desk to desk to desk, often approved uncritically and allegedly often omitting a trip to the plan-check department, via his relationship with Tom Hui, so it wouldn’t surprise me at all if the HOA has encountered significant construction defects that will require a special assessment to address in the future.
Waiting to see if the opening of the Trader Joe’s in this building impacts the value of the units.
??…This unit is not currently for sale
There are five other units in this building (yes, yet another Stanley Saitowitz Special) currently on the market. Check out Unit 427, on the same floor as this one, and also 1 bedroom, 1 bathroom but slightly larger at 728 ft.² and asking $749,000. Last traded in the first quarter of 2021 for $799,000.
That’s incorrect. It was listed without the unit number (and history).
That’s weird. Are you saying that’s intentional (if so, for what rational) or just carelessness on the part of the listing agent?
It’s still for sale. Maybe nobody can find it.
FWIW, trulia.com also says that Unit 435 “is not currently for sale or for rent on Trulia.” The listing for Unit 435 is courtesy of a Santa Clara Valley-based real estate agent, who could have (I am guessing) fat-fingered the entry into the MLS’s system. Her own website says that the average home for sale in Hayes Valley & Lower Haight spends 59 days on market.