Articles Recently Tagged: SF BLU

(14 posts)
Penthouse BLUs, Take Two (And Three)

Penthouse BLUs, Take Two (And Three)

Purchased for $2.4 million in the third quarter of 2012, the 2,285-square-foot Penthouse Unit C (PHC) atop BLU at 631 Folsom Street has just resold for $2.89 million, representing total appreciation of 20.4 percent over the past six years on a straight-line basis. Missing from that two point timeline,... Read More »

In the Red at Blu

In the Red at Blu

Purchased for $1.458 million or roughly $1,185 per square foot in October 2015, the two-bedroom unit #7D at 631 Folsom Street (a.k.a. BLU), which includes a dedicated parking spot, two bathrooms and a den and is the largest two-bedroom floor plan in the building, returned to the market this... Read More »

A Lack of Appreciation for the Largest Penthouse atop BLU

A Lack of Appreciation for the Largest Penthouse atop BLU

Purchased for $2.8 million back in February of 2011, the 2,623-square-foot “Penthouse D” atop BLU at 631 Folsom Street returned to the market in April of last year priced at $4.198 million, a sale at which would have represented total appreciation of 49.9 percent over the previous five years... Read More »

In the Black or Red at Blu?

In the Black or Red at Blu?

Purchased as new for $763,500 or roughly $621 per square foot in August 2009, the two-bedroom unit #7D at 631 Folsom Street (a.k.a. BLU) hit the market in September 2015 and resold for $1,458,000 ($1,185 per square foot) that October, representing total appreciation of 91 percent, or 11 percent... Read More »

Apples-To-Apples for a Rare Downtown Patio Condo since 2013

Apples-To-Apples for a Rare Downtown Patio Condo since 2013

Purchased for $1.2 million in mid-2013, the rare two-bedroom patio residence #2F at 631 Folsom Street (a.k.a. BLU) returned to the market priced at $1.45 million this past April, a sale at which would have represented total appreciation of 20 percent over three years – or roughly 7 percent... Read More »

New Plans for Raising the Roof and Office Space in Central SoMa

New Plans for Raising the Roof and Office Space in Central SoMa

The plans to add four stories atop the existing seven-story building at 633 Folsom Street, adjacent to the 200-foot BLU (631 Folsom), have been completely redrawn by Gensler. And rather than an addition that would “create a seamless design with the existing building and…maintain character,” as... Read More »

Raising the Roof, Retail and Public Space in SoMa

Raising the Roof, Retail and Public Space in SoMa

Built in 1966 and last remodeled in 1998, plans to add four stories atop the existing seven-story building at 633 Folsom Street, adjacent to the 200-foot BLU (631 Folsom), are working their way through Planning. The proposed addition would add 90,000 square feet of office space to the 172,000... Read More »

A Quick Resale And Update For BLU (631 Folsom)

A Quick Resale And Update For BLU (631 Folsom)

Purchased for a recorded $584,000 six months ago, and which appears to have included a year of pre-paid HOA dues worth $7,482 (“Hoa paid thru 6/2010”), 631 Folsom #6E returned to the market yesterday asking $669,000 as the first listed resale at BLU. At the time of purchase this... Read More »

The BLU Penthouse “E” Sales Scoop And Color On The Market

While not in the same league as the penthouses atop the St. Regis or Millennium (with which it shares an architect), it turns out the sale of 631 Folsom (BLU) #PHE quietly closed escrow in August with a reported contract price of $1,750,000. Originally asking $2,527,358 but officially reduced... Read More »

BLŪ Update: Just Under 25% In Contract And Closings This Week

BLŪ Update: Just Under 25% In Contract And Closings This Week

The first closings and owner move-ins at BLŪ (631 Folsom) are scheduled for later this week. With just under 25% of the 108 condos currently in contract (up from roughly 10% in early February), Wells Fargo’s pre-sale requirement still hasn’t been met and they won’t yet be funding loans,... Read More »