What You Could’ve Bought: For Under the List Price

Buyers are paying an average of 12% over asking for houses and 10% for condos in the current San Francisco market. So I always catch a little thrill when I spot properties that sell for under the list price.

A handful of homes sold for under asking in April in popular neighborhoods. Let’s take a look at some sales that were possible without overbidding and waiving contingencies:

301 Main #20B
South Beach

List Price: $2.1M
Sale Price: $1,975,000
Days on Market (DOM): 50
Cash Sale: Yes
301Main_20B
Shed no tears for this seller, who managed to flip this unit for significantly more money. Purchased in October 2013 for $1.6M, this 2BR/2BA unit at The Infinity was listed again in February for $2.1M. That price apparently didn’t fly, but $1,975,000 did. If there’s ever a case that needs to be made for the strength of the 2014 market, #20B is a good sale to reference.

229 States
Corona Heights

List Price: $2,050,000
Sale Price: $1,925,000
DOM: 27
Cash Sale: No
229states
This ultra-modern, 2BR/2.5BA view townhouse on a great block in the neighborhood was designed by well-known architect Zack de Vito. The property was very well appointed, but a little on the small side (1545 sq feet) for buyers in the $2M range.

1806 20th Street
Potrero Hill

List Price: $1,650,000
Sale Price: $1,585,000
DOM: 38
Cash Sale: No
1806_20th
1806 20th is a two-level condo on a prime Potrero block, in the 86-unit development called Victoria Mews. Featuring three bedrooms and technically one bathroom—one bath was converted to a laundry room—the unit had stunning city views and a remodeled kitchen.

What You Can Buy: View Condos

San Francisco properties with views of the hills, city skyline, ocean or Bay command a premium. The whole “million dollar view” tag line really does ring true for some homes.

And when it comes to condos in centrally located neighborhoods, views are the icing on the cake. View condos certainly fall under the “luxury” category, and they’ll typically cost above the $1M average for a two-bedroom unit.

I surveyed the market and picked out my favorite three view condos to spotlight today:

657 Corbett #3
Twin Peaks

4BR/3BA, 2101 sq ft
1-car parking
HOA dues: $316.22/mo
List price: $1,495,000
657corbett657 Corbett #3 is the penthouse condo in this four-unit building, and it certainly pulls out all the stops. The two-level residence features walls of glass with stunning views of downtown, The Bay and beyond. And it’s a corner unit, so you also get great east and south views. Three bedrooms are all on the same level, with the fourth bedroom on the main level. Though you’re not in the heart of a retail area, the reason to live on Corbett is for its views. Because let’s face it, you don’t get views in the flatlands of the Castro. Quick comp: #1 on the first floor of 657 Corbett is a 4BR/3BA unit with 2007 sq feet that’s in contract with a list price of $1,395,000.

2139 Green #F
Pacific Heights

2BR/2BA, 1460 sq ft
1-car parking
HOA dues: $526.27/mo
List price: $1,795,000
239green_f
The best part about 2139 Green #F is its 500-sq foot deck with amazing views of the Golden Gate Bridge to Alcatraz and then some. The building was constructed in 1988, so the interior is modern in design. This is another two-level unit, and the master suite, second bedroom and two baths are downstairs. The master features French doors that lead to a colorful garden and patio. An elevator in this nine-unit building takes you right to your front door, too. Quick comp: The slightly larger 2BR/2.5BA unit at #E sold a year ago in a cash transaction for $1,750,000. That also had a large deck, striking views and a similar floor plan.

219 Brannan #18A
South Beach

3BR/2BA, 1611 sq ft
2-car parking
HOA dues: $1013/mo
List price: $2,500,000
219brannan_18a
Perched on the top floor of 219 Brannan, the penthouse at #18A has soaring ceilings, floor-to-ceiling glass windows and views spanning Twin Peaks to the downtown skyline and the Bay Bridge. There’s a bedroom terrace that lets you really connect to that big view, as well as a chef’s kitchen and rare two-car parking. HOA dues include attended lobby, fitness center, concierge, pool, and security service. Quick comp: The 2BR/2BA at #16D with northeast views of the skyline and Bay sold last month for $2.1M in a cash transaction. #18A itself was sold in 2007 for $2,150,000, and then again in 2010 for $1,650,000.

Onyx in Potrero Knows Its Target Buyers

onyx_livingroom
I guess it was only a matter of time before someone decided to build a condo development with the look and feel of an Apple store. Sharing its name with an OS X utility app and saturated in white, Onyx in Potrero Hill certainly knows its buyer demographic.

I visited Onyx this week on my broker tour, and I do like the finishes and the location within the neighborhood. Onyx will ultimately house 41 one-, two- and three-bedroom condos across three stories and two buildings. (The second building will rise at the corner of 17th and Carolina, and will be completed in Fall 2015.) The two-story lobby has white porcelain flooring and “signature, ONYX stone.” You may stop momentarily to look for the Genius Bar, but the best bet is to either head up the stairs or take the elevator to the second floor to check out the available units.

One of my favorites was #206, which faces 17th Street and has city skyline views from the living area and bedroom. That’s a 2BR/2.5BA unit with about 1237 square feet listed for $1,325,000. (Knock $40,000 off the price if you don’t want the parking.) HOA dues range from $383-$443/month.

Finishes include wide plank European oak floors with radiant heat, as well as built-in Liebherr refrigerators, Bosch dishwashers, Bertazzoni professional series gas cooktops, quartz countertops and high-gloss white cabinets by Barbosa:
onyx_kitchen

Bathrooms are large and have similar finishes:
onyx_bathroom2

onyx_bathroom

Other perks in Onyx include bike parking, storage lockers, a rooftop terrace with downtown and Bay views and elevator access to all levels. And oh, yeah–we can’t forget the CAT6 internal wiring, security system, and high speed internet access by Webpass.

Pricing for the first release of ten units ranges from $875,000-$1,325,000 with parking, and are averaging between $1,000-$1100/sq foot. Offers on these first ten units will be considered on March 25th.

As I mentioned earlier, the second building in the complex will be finished next year. That one will have outlooks onto Jackson Field and views toward Mission Bay. It will also knock out what outlooks exist to the north for a few of the units in the existing building, with an approximate distance of 20 feet between structures.

I like Onyx’s location, as It’s on a quieter street, but is only a block from Whole Foods, World Gym and is near many restaurants and services. You’re limited to bus lines around the immediate area, but Google shuttles stop nearby. Downtown commuters can hoof it a dozen or so blocks to the T line on Third Street in Dogpatch.

And if you’re seriously interested and would like your own agent representation, please give me a shout at 415.823.4656 / ebermingham@zephyrsf.com.

Ocean Views & Space on the Great Highway

1580greathighway_4
Yes, it is possible to find a three-bedroom condo with three bathrooms (!) and almost 2,000 square feet with parking and ocean views for less than $1M in San Francisco. Case in point: 1580 Great Highway #4 in the Outer Sunset, which offers all of the above for a list price of $699,000. That’s a lot less than the $1,388,270 citywide average sale price for a 3BR condo in San Francisco, isn’t it?

But there’s more: This four-unit building was constructed in 1985, so it’s more up to current city codes than, many of San Francisco’s older buildings. The kitchen is well appointed with granite countertops and new appliances, and you also get a deeded deck with lovely hill views.

What’s nearby? Well, besides the ocean and a great running/biking path, you’re two blocks from the N Judah that runs downtown. Two of my favorite restaurants, Thanh Long and Outerlands (currently closed for an expansion project) are five blocks away, and let’s not forget that Golden Gate Park is a healthy jog to the north.

A couple noteworthy items: HOA dues are a low $310.51/month. And because two of the four units in the building are tenant occupied, you will need to work with a portfolio lender such as First Republic that will lend on a property with this type of rental/owner-occupier ratio. (In other words, your loan will be an ARM vs a 30-yr fixed).

1580 Great Highway #4 was listed last year for about $50,000 higher and buyers didn’t bite. But I think they’ve nailed it this time around. If you’re a buyer who can be a little patient with the time it takes to get downtown or to the freeways—-and want to have your own urban refuge on the water—give this condo a look. Offers are due on March 19th, so if you want to pop in to check out the property, give me a call and I’ll schedule a showing for us!

Pricey Prospects for New Condos in SF Pipeline

thecentury
It’s been quite a year for developers of new construction condos and houses in San Francisco. After an economic downturn during which very few new projects were built in the city, construction lurched ahead again—particularly along the Market Street corridor, in Hayes Valley, the Mission and many other popular neighborhoods.

And oh, what a reception these new developments received! Projects such as 300 Ivy in Hayes Valley and ICON in the Castro sold out in record time, and at record prices. Buyers seemed very willing to pay a premium of $1,000-$1200/sq foot for new and shiny, particularly in transit- and retail-friendly communities. And 3500 19th Street at Valencia took advantage of the tech-buying boom and Mission mania by largely selling out all of its 17 condos with sales prices in the $1.3M-$2.3M range.

There are 1800 new construction units on tap for 2014, with more than 50,000 new units in the pipeline for the next six or more years. But if you’re a buyer who’s thinking about holding out until a unit in a particular building becomes available, be aware that prices will only go up from here. For example, currently being built is 35 Dolores, the former car repair warehouse across the street from the recently built rental building with Whole Foods as its anchor. 35 Dolores will likely finish construction in the summer, but will start selling in April. A majority of the units will be two bedrooms, and pricing for premium units will be $1500/sq foot.

Another very high-end project is 1645 Pacific, which is focusing on its handcrafted construction style that mimics an old-world, north-end-of-town architectural style. Final pricing hasn’t been released, but $1200/sq foot+ would seem to be the minimum starting point. The ultra luxury Park 181 at 181 Fremont will be asking $6M-$8M per unit, and Lumina (a.k.a. Infinity 3 and 4 at 201 Folsom) expects a $1B sellout by the time buyers finish snapping up all 651 units.

Not everything will be as stratospheric in price, though. But you can expect buildings like Fifteen Fifteen in the Mission, Onyx in Potrero, and Millwheel in Dogpatch to be in that $1,000/sq foot range. I believe upcoming Hayes Valley projects such as 400 Grove and 450 Hayes to be in the $1100+/sq foot range, based on 300 Ivy’s sales.

So if you’ve got you’re heart set on shiny and new, be prepared to pay a premium. If you want more space for the money, set your sights on the resale market. And if you have any questions on what’s in the works for new condos in any part of the city, please get in touch. Keeping track of all these cranes is a part-time job, and I can get you the scoop on whatever interests you.

What You Can Buy: Condos for $1.1M with High Walk Scores

Prices for condos with period detail and which are located in very walkable, central neighborhoods are averaging $1.2M for two bedrooms and $1.4M for three-bedroom units. These types of units command a premium because: a) who doesn’t love a quintessential San Francisco property with Edwardian or Victorian detailing, and b) everyone wants to live in an area that lets you walk out your door and be only minutes from a retail area and public transportation.

There’s a handful of condos on the market in this price category, and I thought I would provide a tour of three of them today. So hop in the front seat, and let’s get to it:

1332 Waller
The Haight

3BR/2BA, 1769 sq ft
1 pkg
Year Built: 1904
List Price: $1,099,000
Walk Score: 92
1332waller
1332 Waller is a two-level Edwardian condo. As the listing agent notes, the property is situated in the middle of three great neighborhoods—the Haight, Cole Valley and Buena Vista. So you can take advantage of both the Haight and Cole Valley’s excellent retail areas, as well as many nearby public transportation options. This flat was renovated in 2003, and it has two bedrooms, a formal dining room, split bath and modern kitchen on the main level. A staircase off the dining room leads you to a large master suite with a wet bar and full bath; just outside is a deck and garden. 1332 Waller has exclusive use of the garage parking spot, storage, and the washer/dryer.

1103 Guerrero
Noe Valley/Mission

3BR/2BA, 1631 sq ft
1 pkg (uncovered/driveway)
Year Built: 1900
List Price: $1,095,000
Walk Score: 97
1103guerrero
This top-floor, remodeled Edwardian condo at 1103 Guerrero is one of three units in the building. Along with a newer kitchen and bath, the flat has two gas fireplaces and in-unit laundry. All the best detailing is there, from high ceilings and bay windows, to softwood floors. One thing to note is that there is a limited selection of lenders (First Republic is the best bet) that will grant loans on the building right now due to the tenant/owner-occupied ratio. But if you’re okay with an adjustable-rate mortgage and the other related requirements, this is a big flat only a few blocks from Valencia, BART’s 24th Street station and lots of services (such as the dry cleaners on the ground level of the property).

153 Clifford Terrace
Buena Vista/Ashbury

2BR/1BA, 1355 sq ft
1 pkg
Year Built: 1926
List Price: $1,095,000
Walk Score: 82
153cliffordterrace
If you’re looking for an updated, view condo in a lovely neighborhood, 153 Clifford Terrace may do it for ya. My clients purchased a condo across the street on this block many years ago, and they’ve loved living there. Along with 1920s period detailing, there is an updated kitchen/bath, formal dining room and eat-in kitchen. And there are exceptional northwest views from the living room overlooking the city and ocean.

Just Sold: Gorgeous Haight Condo

117frederick
My client just purchased 117A Frederick, a beautiful one-bedroom condo in a classic and very special Queen Anne Victorian in the Haight.

The top-floor unit features fabulous period details, a nicely remodeled kitchen and bath, skylights, private deck and an amazing bedroom with fireplace in the turret. The building itself is set back from the street, surrounded by landscaped gardens. There’s also a private garage and storage.

List price: $795,000; the seller received a total of seven offers.

5 Things To Know About Negotiating New Development Contracts

marlow
San Francisco is experiencing a construction boom these days, with new developments going up in neighborhoods on a rolling basis—with many more to follow in the next five years.

There are two ways to handle contract negotiations if you’ve decided to buy a newly built—or not-quite-finished—condo. You can go directly to the sales office, or work with a local Realtor. Some buyers feel that they can handle things on their own, while others appreciate the guidance of a seasoned professional who’s negotiated contracts on other developments in the past.

Regardless of how you approach your purchase, here are five things to know before you sit down with the sales office to negotiate your contract:
1. We’re in a seller’s market, and developers are not discounting their list prices. Most developments are selling out quickly, and at prices that the developer wants. There will likely be another buyer breathing down your neck as soon as you decide which unit you’d like to buy. Of course, you may be able to negotiate a lower price on a less desirable unit that ends up sitting on the market longer.

2. Most of the contingencies are passive. The San Francisco Realtor Association (SFAR) purchase agreement allows for contingency timeframes that require the buyer to remove the contingency on a certain date. That’s usually not the case for the new-construction condo contracts. If the sales office doesn’t hear from you by the time the particular contingency deadline arrives, the escrow marches on and you technically do not have that contingency to fall back on anymore. I provide an escrow timetable to all my clients so everyone is aware of all deadlines, and no one risks losing a deposit.

3. Make sure the parking details in the paperwork match up with what you see in the garage. Will you own your parking space, or is it leased or assigned? Does your space show up on the condo map? Is there a separate HOA just for parking?

4. You should have a final walkthrough prior to closing. The SFAR contract provides for a walkthrough on the property within five days of closing. You’re able to ensure that what you’re buying is in acceptable condition. New home contracts sometimes omit that walkthrough, which can be particularly problematic if you’ve been promised that certain items will be installed by close of escrow. It’s a good idea to insist on a walkthrough.

5. You may be able to negotiate concessions. If the price is firm, has the developer been throwing in any appliances or upgrades? Typical concessions are refrigerators or upgrades on finishes if a unit hasn’t yet been completed. If you’ve decided to work directly with the sales office, they will not usually be forthcoming about concessions because they’re representing the seller and are trying to get him or her the best deal possible. On the other hand, a well-connected Realtor (like me) can confer with colleagues who have sold units in the building to see what you may be able to request and likely achieve.

Sales offices always require that your agent register with you upon your first visit to the building. So if you would prefer the benefit of working with a Realtor and want to see condos in a particular building, make sure to schedule a time to go to the office together.

There are probably another 20 items I could add to the list above, and I’d be happy to provide my guidance if you’re interested in one of the many new developments that are selling now or will be releasing units soon. Give me a shout at 415.823.4656 or ebermingham@zephyrsf.com if you’d like to talk.

What You Can Buy: Large Condos in San Francisco

San Francisco is a dense city, not unlike other popular urban areas. Many of its single-family homes and condos can average 1,000-1,200 square feet (or less). However, large condos are a fun find, and buyers who need more space typically snap them up quickly. Here’s a look at a trio of spacious units that recently hit the market:

620 Haight
Hayes Valley

3BR/2BA, 1827 sq feet
1-car tandem parking
List price: $1,099,000
620haight
I previewed the Edwardian top-floor flat at 620 Haight before it officially came on the market and was quite impressed with the space. This is a highly convenient location within steps to restaurants, bars, cafes and services, as well as a few blocks from two Muni rail lines. The unit features soaring ceilings, great period detail throughout and a nicely remodeled kitchen with plenty of room for entertaining. All three bedrooms are a good size (e.g., one isn’t a closet under the stairs). Bonus: There’s a private deck and shared manicured yard. HOA dues are $343.50/month. This unit was last sold as a TIC in 2005 for $1,110,000, after about $300,000 in renovations were completed.

881 Corbett #3
Twin Peaks

3BR/3.5BA, 2545 sq feet
1-car parking
List price: $1,549,000
881corbett_3
881 Corbett #3 is the two-level penthouse in a three-unit condo building. It’s detached on three sides, which translates into great natural light, and there’s also a huge, west-facing terrace. You can also enjoy the stunning view deck off the living room. So this condo is all about views, light, and more space than you’ll get in Noe Valley for the price. There are three master suites, so if you have kids, they’ll appreciate having their own bathrooms. The seller has agreed to pay HOA dues through August ($349/month), and you also have the option of parking a second car in front of the driveway because you’ll only be blocking your garage. Last sold in January 2012 for $1.3M, it will be interesting to see how much this condo has appreciated since then.

323 Mississippi
Potrero Hill

3BR/3BA, 1775 sq feet
1-car tandem parking
List price: $1,249,000
323mississippi
323 Mississippi has a house-like feel, and is situated in an ideal Potrero location around the block from Plow, Farley’s and half a dozen other popular restaurants. The unit was expanded into two floors about six years ago with the addition of a master bedroom on the garden level. Unlike the more contemporary Twin Peaks condo, this one is in a building constructed in 1909. The owners have preserved the picture moldings, coved ceilings and other period details, yet have updated the unit for more modern living. Amenities include in-unit laundry, interior garage access, additional storage and shared yard. And oh, yeah—three bathrooms.

Buyers Snap Up 1BR Condos in San Francisco

301mission_302
San Francisco attracts many single professionals, couples and empty nesters who need the space a 1BR condo offers. They won’t necessarily need a second bedroom. And they would prefer to be in a more central location than their money would buy were they to pursue a 2BR condo.

That makes the 1BR condo market quite strong in San Francisco.

The average 1BR condo price here was $688,120 in the last quarter of 2013. A majority of sales took place in larger buildings in South Beach, along the Van Ness corridor, Mission, SoMa and Mission Bay. Buyers paid an average of four percent over the list price.

Believe it or not, 11 of the 293 one-bedroom condos sold during this time period changed hands for $1M+. The most expensive was an 1800-square foot unit at Millennium Towers that sold for $2,385,000 on Christmas Eve (see above photo).

The most expensive neighborhoods for 1BRs are the Mission, Mission Bay, South Beach and South of Market. Average prices ranged from $729,000-$754,000 in these areas. If you don’t quite have the budget for that, you’ll want to focus on Diamond Heights, Western Addition, Downtown, Van Ness corridor, and Potrero. Plenty of 1BRs sold for $600,000 or less there in the previous quarter.

This type of property is an excellent option for a buyer who wants to owner occupy for a few years before moving up to a larger space and renting out the 1BR. I’ve had many clients do this, and the key is purchasing a place that’s close to public transportation, freeways, and a good retail area.

What You Can Buy: 2BR Condos

There’s a healthy inventory of condos on the market right now in San Francisco—particularly in popular neighborhoods which are convenient to transportation, restaurants and services. I thought I’d share some of my picks for newly listed condos that I would consider if I were searching for this type of property in the city:

50 Lansing #601
South Beach

2BR/2BA, 1499 sq ft
2-car parking
HOA dues: $763.43/month
List Price: $1,295,000

The Lansing is an 82-unit development right off Harrison and First that’s a great option for South Bay or financial district commuters. #601 has two balconies, a large, 640-square foot private roof terrace and two-car parking. (The latter is a challenge to find in the San Francisco condo market.) The well-appointed kitchen features Studio Becker cabinetry, and the unit has air conditioning, another thing you don’t find often in San Francisco. Common areas include a fitness center with sun deck, pano-view roof deck and on-site property manager. 50 Lansing is perfect for buyers who want to be near the Embarcadero waterfront, Ferry Building and everything that South Beach has to offer (including good weather). This unit sold in 2006 for $1,395,000.

628 Rhode Island
Potrero

2BR/3BA, 1850 sq ft
No parking
HOA dues: $332/month
List Price: $950,000

628 Rhode Island is great for buyers who are looking for a unique property that could use some cosmetic and reconfiguration work to bring out its full potential, in a prime Potrero location. The property consists of a three-unit association, and this particular unit is a freestanding cottage with a separate, rented studio space. The cottage is at the rear of the lot, amidst a very nice garden. It also has city views. 628 Rhode Island is located in the heart of Potrero, and is in proximity to the design district, restaurants, Anchor Steam Brewing Company and the freeway.

2750 Market #101
Corona Heights

2BR/2BA, 1528 sq ft
1-car parking
HOA dues: $623/month
List Price: $825,000

1980s construction may not have the classic San Francisco architectural charm, but it is extremely functional and typically more spacious. Witness 2750 Market #101, which has good natural light throughout, generous square footage and an open living/dining area. There’s a raised hearth fireplace, as well as recessed lighting and a walk-out deck. The remodeled kitchen has lots of storage space and hardwood floors. Yes, this building is right on Market at Douglass, so you traffic will be a presence. But the unit has double-paned windows, and many also have plantation shutters. Common areas include a roof deck with views and outdoor furniture. You’re just up the hill from the Castro and its Muni station, restaurants, services and bars. This unit last sold for $705,000 in 2009.

Just Sold: 2BR/2BA Mission Dolores Condo


Like the other 11 buyers who wrote offers on 130 Landers #C in Mission Dolores, my client was wowed by the spacious, two-level floor plan with a private deck just off the living room. The well-appointed unit features two large bedrooms, a master suite, and formal dining room, along with parking and storage.

Part of the Church Street Gardens development, 130 Landers #C has direct access to the park-like common garden with multiple seating areas, bbq patio, and sauna. It’s a great oasis in the midst of one of San Francisco’s most popular neighborhoods. My client will love living in his new home! List price: $815,000.

Marlow 70% Sold Out, Sight Unseen


One of the fastest-selling condo developments has been the 98-unit Marlow at 1788 Clay in Nob Hill, which kicked off sales in the Spring . The building is 70% sold out, according to the sales office, and buyers continue to make purchasing decisions without actually seeing the condos in person. Instead, they’re referencing floor plans and the model in the sales office.

Marlow is one of the rare new developments in the north end of town, so that makes it a popular choice among buyers who are looking for an easy commute downtown or to the North Bay, as well as to 101 via Van Ness. The building is also situated in the heart of the Polk retail corridor, which makes things extremely convenient for residents who want to be able to walk to shops, restaurants and cafes.

So it’s not surprising that buyers are committing to purchases without physically seeing units first. The best condos sell quickly; in this case, higher floors facing north, south & east have been popular.

Interior framing is complete up to the seventh floor, and window installation is almost complete on all floors. Progress is also being made on the courtyard, interior painting, and elevator system.

Nine 1BR condos remain, ranging in price from $725,000-$837,000, and 11 2BRs are available, from $984,000-$1,510,000. In general, you’re looking at just over $1,000/sq foot for the 1BRs, and between $1100-$1200/sq foot for the 2BRs. Parking is included in these prices, though you can knock $40,000 off the price if you don’t want the space.

Give me a shout if you’re interested in exploring your options at Marlow. I’d be happy to negotiate the best deal possible for you.

NoPa Condo Worth the Compromise


With the average 2BR condo in NoPa at just under $900,000, buyers in price ranges lower than that are considering making compromises in order to attain this location—which leads them to the possibility of a 1BR.

Some really cool 1BR condos hit the market this week listed in the high $600,000s, but my favorite is 1960 Hayes #11. Where have you seen an exclusive-use deck this big (above) for a condo recently?

#11 is not big (approx 700 sq feet). But the deck definitely makes up for the lack of interior space. Plus, you’re on the top floor of a 13-unit building in a great NoPa location, and have two-car parking. The last sale in the building took place earlier this year in March; that was #9, a 1BR/2BA with two-car parking, a much smaller patio, and slightly more square feet. That sold for $700,000.

I think #11 will sell for a lot more than its $679,000 list price, but its amenities may find some buyers trading off that second bedroom for a second parking space and a killer patio.

Just Sold: Luxurious Marina Condo


1111 Bay #207 is a spacious 2BR/2BA with an open floor plan and lovely natural light throughout. My clients are going to love the roof deck with views of the Golden Gate Bridge and Alcatraz and multiple seating areas. Included are parking, storage closet and common greenbelt area. A real plus is that the building is one of the rare ones in the neighborhood that isn’t on liquefaction.

The location at Bay and Van Ness is in easy walking distance to Fort Mason, Polk Street, Chestnut Street and the Marina Green. List price: $1,015,000.