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Articles Recently Tagged: Lumina

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Reductions, Rent and a Harsh Reality Part Two

Reductions, Rent and a Harsh Reality Part Two

As we outlined back in October: Purchased for $1.650 million in July of 2016, the 1,366-square-foot, two-bedroom unit #7E in the Lumina tower at 201 Folsom Street, an interior facing unit with “peaceful garden views,” returned to the market priced at $1.899 million in 2019 but was withdrawn from... Read More »

Prestigious High-Rise Unit Trades for 23 Percent Less

Prestigious High-Rise Unit Trades for 23 Percent Less

Speaking of “San Francisco’s best condominium project,” the apples-to-apples-to-apples re-sale of the three-bedroom, three-bath unit #32E in the Lumina tower at 338 Main Street has closed escrow. Purchased for $3.25 million in May of 2016, the 1,791-square-foot unit resold for $3.5 million in August of 2019, representing total appreciation... Read More »

Be Best for Over 20 Percent Less

Be Best for Over 20 Percent Less

Purchased for $3.295 million in June of 2016 and then rented out for what would appear to be around $8,000 per month, the two-bedroom, two-bath unit #34C in the Lumina tower at 338 Main Street, which is “considered San Francisco’s best condominium project,” according to its Compass agents, returned... Read More »

Reductions, Rent and a Harsh Reality

Reductions, Rent and a Harsh Reality

Purchased for $1.650 million in July of 2016, the 1,366-square-foot, two-bedroom unit #7E in the Lumina tower at 201 Folsom Street, an interior facing unit with “peaceful garden views,” returned to the market priced at $1.899 million in 2019 but was withdrawn from the MLS without a sale having... Read More »

Prestigious High-Rise Unit Drops Further Below Its 2016 Price

Prestigious High-Rise Unit Drops Further Below Its 2016 Price

Purchased for $3.25 million in May of 2016, the three-bedroom, three-bath unit #32E in the Lumina tower at 338 Main Street, which “exemplifies the prestige of highrise (sic) living,” resold for $3.5 million in August of 2019, representing total appreciation of 7.7 percent despite the short-term hold and the... Read More »

Apples-to-Apples Versus The Index for a Luxury One-Bedroom

Apples-to-Apples Versus The Index for a Luxury One-Bedroom

Purchased for $1.245 million in May of 2018, the 876-square-foot, one-bedroom unit #23D in the Lumina tower at 201 Folsom Street, “the most premier residential building in San Francisco,” returned to the market listed for $1.299 million in May of this year, a sale at which would have represented... Read More »

Apples-to-Apples Versus The Index for a Luxury Two-Bedroom

Apples-to-Apples Versus The Index for a Luxury Two-Bedroom

Purchased for $1.945 million in April of 2018, the two-bedroom, two-bath unit #27B in the Lumina tower at 201 Folsom Street, which “exemplifies urban luxury,” with high-end finishes and city views, returned to the market listed for $2.099 million in February of 2019. Subsequently reduced to $1.999 million while... Read More »

Penthouse Shells Finally Trade, One Intended as a Flip

Penthouse Shells Finally Trade, One Intended as a Flip

Originally priced at $11.495 million, to which a $1.55 million “buildout incentive” was subsequently attached, prior to a series of outright price reductions, the sale of the 5,700-square-foot penthouse shell #41A atop the LUMINA tower at 201 Folsom Street has finally closed escrow with a contract price of $6.0... Read More »

Another Luxury Condo Trades at a Loss, As Advertised

Another Luxury Condo Trades at a Loss, As Advertised

Purchased for $1,419,478 in April of 2016, a price which didn’t include a storage unit in the building which was purchased separately and was included in its most recent sale, the re-sale of the “rarely available top floor plaza unit” #C8H at 333 Beale Street, a 985-square-foot, one-bedroom LUMINA... Read More »

Value of a Prized View Condo Drops $500K

Value of a Prized View Condo Drops $500K

As we outlined in October of last year: Purchased from the sales office for $3,149,500, or roughly $2,003 per square foot, back in June of 2016, the “highest and largest” two-bedroom, two-bath unit in the Lumina tower at 338 Main Street, unit #35A, was then listed for $3,449,000 in... Read More »