Articles Recently Tagged: 425 1st Street

(13 posts)
Three Points for a Coveted Two-Bedroom With Views

Three Points for a Coveted Two-Bedroom With Views

Having hit the market priced at $1.95 million in March, a price which was subsequently reduced to $1.835 million in May, the sale of the “coveted” south-east corner unit #1902 in the One Rincon Hill tower at 425 First Street, a 1,309-square-foot unit with “commanding Bay Bridge and water... Read More »

Rincon Hill View Condo Nearly Fetches its 2016 Price

Rincon Hill View Condo Nearly Fetches its 2016 Price

Purchased for a little over a million ($1,007,000) in January of 2016, the “exceptional” 710-square-foot, one-bedroom view condo #4905 atop One Rincon Hill returned to the market listed for a mere $8,000 (0.8 percent) more this past April. And having been reduced to $995,000 in May, the sale of... Read More »

The Economics of a Rincon Hill Condo and Reality Check Redux

The Economics of a Rincon Hill Condo and Reality Check Redux

As we originally outlined back in the third quarter of 2015: Purchased for $700,000 in 2012, or roughly $1,150 per square foot, the one-bedroom One Rincon Hill condo #4404 was listed as a rental for $3,800 in mid-2014 and actually rented for $3,750 per month, which included valet parking... Read More »

Rincon Hill Penthouse Fetches 4.7 Percent over Its 2014 Price

Rincon Hill Penthouse Fetches 4.7 Percent over Its 2014 Price

Purchased for $3.535 million at the end of 2014, prior to which it had been listed for rent at $18,000 per month, the three-bedroom, three-bath penthouse unit #5204 atop One Rincon Hill at 425 1st Street was subsequently upgraded, with new hardwood flooring in place of carpet in the... Read More »

Another Tower in S.F. Sees Premature Deterioration, Files Suit

Another Tower in S.F. Sees Premature Deterioration, Files Suit

While not nearly as serious as the lawsuits related to the sinking Millennium Tower, a lawsuit seeking damages for the “premature and unreasonable deterioration” of the 55-story tower at 425 1st Street known as One Rincon Hill has been filed by the homeowners association in San Francisco’s Superior Court.... Read More »

One Rincon Hill: The Ground Has Been Broken For Tower Two

One Rincon Hill: The Ground Has Been Broken For Tower Two

The ground has been broken for tower two at One Rincon Hill to rise. As we first reported earlier this year with respect to the 299-unit Phase II: “For the floor plans and unit layouts, Phase II will combine the two adjacent small one bedroom units at the center... Read More »

The One Rincon Hill Tower Two Timing, Design And Details Scoop

The One Rincon Hill Tower Two Timing, Design And Details Scoop

A plugged-in tipster over at One Rincon Hill delivers the design, timing and detailed scoop with respect to the second tower and One Rincon Hill Phase II: Construction is anticipated to start approximately June 1, 2012 and be completed in an estimated 26 months. The building design, unit size... Read More »

Still Not Cheap (But Half A Million Cheaper Than In 2008)

Still Not Cheap (But Half A Million Cheaper Than In 2008)

Just listed for $2,350,000 or $1,207 per square foot, the list price for 425 1st Street #5204 isn’t exactly cheap. But having been purchased for $2,916,000, it is 19.4 percent ($566,000) cheaper for the One Rincon Hill three-bedroom today than in August of 2008. Read More »

The “America’s Cup Effect” In Action?

The “America’s Cup Effect” In Action?

The re-sale of 425 1st Street #4702 closed escrow yesterday with a reported contract price $1,350,000 ($1,031 per square foot) for the One Rincon Hill two-bedroom which was purchased from the sales office for $1,605,500 ($1,226 per square) in August 2008. As we wrote when #4702 hit the market... Read More »

A Two Becomes A One With Room To Entertain At One Rincon Hill

A Two Becomes A One With Room To Entertain At One Rincon Hill

Purchased as a One Rincon Hill two-bedroom for $1,250,000 ten months ago, 425 1st Street #4706 has returned to the market with one less bedroom but all 1,238 square feet and asking the same. In the words of the listing agent: Similar two-bedroom units present a challenge for entertaining... Read More »