Tag Archives: arterra

Mission Bay Reaches End of Condo Construction Boom

It’s been more than 15 years since the very first condo building in Mission Bay first started selling. That was Glassworks next to the Giants stadium. What followed was construction of another nine condo projects in various areas of the steadily growing neighborhood.

But although construction continues for hotels, affordable housing, market-rate rentals, UCSF and other commercial properties, there aren’t any more condo buildings on tap. That means home buyers looking to purchase a home in Mission Bay will have a limited inventory from which to choose.

I’m betting that demand is on the rise for the area. Tech companies are starting to set up shop there, and efforts to improve transit to downtown are underway in the form of the Mission Bay Loop project and the Central Subway extending the T-Third Muni line. And the Warriors’ arrival in the Fall will add an extra jolt to the neighborhood.

I thought it might be helpful to round up the existing Mission Bay condo stock that will be on the resale market. (Pricing data is based on sales from January 1, 2018 to the present.) And keep in mind that there are two fees to know about—the Mission Bay Maintenance Corporation Fee of roughly $35/month, and the Mission Bay Community Enhancement fee that’s .25% of your purchase price.

Here’s what’s out there in Mission Bay:

Glassworks (207 King)
Year Built: 2003
39 Condos
Avge 1BR Price: $1,068,000
Avge 2BR Price: $1,712,500
Amenities: Courtyard, in-unit air conditioning
Glassworks is a smaller building in a high-profile location next to the Giants’ ballpark. It still commands top dollar on the resale market. Continue Reading

Location is #1 Priority for 1BR Condos

The one-bedroom condo is a popular choice in San Francisco. Of course, one bedrooms have their limitations and aren’t for everyone. Because of the narrower buyer pool, you can increase your chances for good resale value by purchasing a unit in a desirable neighborhood central to services, public transportation, and restaurants/cafes.

The average price for a 1BR condo has jumped in recent years. It’s $791,306 as of the time period from December 2015-March 16, 2015. 14% of the 182 1BRs sold had price tags in excess of $1M. Continue Reading

Just Sold: 2BR Mission Bay Condo

Just Sold: 2BR Mission Bay Condo

Marketed throughout the Giants’ World Series games, my listing at 300 Berry #1010 was a popular unit at the Arterra. We worked around game days and managed to get a ton of prospective buyers, agents and neighbors through. #1010 was a southwest-facing corner unit with two bedrooms, one bath, in-unit laundry, storage and parking. List price was $979,000.

We received six offers, and ended up accepting a cash offer with a seven-day close for a sale price of $1,080,000, Chalk it up to a hot Mission Bay market!

Live the San Francisco Lifestyle in Mission Bay

Live the San Francisco Lifestyle in Mission Bay

We’re in our second and final weekend of showings for my 2BR/1BA view condo at 300 Berry #1010 in fast-growing Mission Bay. Situated in the southwest-facing corner on the tenth floor, this unit has it all—amazing outlooks, in-unit laundry, gas range, fantastic finishes and parking/storage.

Arterra also has excellent amenities like a view roof deck, community lounge, fitness room, 24/7 attended lobby and guest suite. The building is LEED Silver-certified, a huge plus on the green construction front. HOA dues are $505/month, which is below average for the neighborhood. Continue Reading

Just Listed: View Condo at Arterra in Mission Bay

Just Listed: View Condo at Arterra in Mission Bay

Just down the street from all the World Series action at AT&T Park is my new two-bedroom condo listing at Arterra (300 Berry Street). This corner unit has fabulous views of Twin Peaks, The Bay, Mission Creek and more. And it has all the amenities—parking, storage, in-unit laundry, as well as 24/7 lobby attendance, a gym, guest suite, and view roof deck.

Arterra is LEED Silver certified and also has reasonable HOA dues in comparison to other buildings in the neighborhood. List price is $979,000.

Next open will be Sunday, 10/26 from 12:00-2:00. Stop in and see me. Go, Giants!

Hayes, Arterra Appeal to First-Time Buyers

I’m in the process of assisting one of my first-time home buyer clients with a purchase at Arterra, the city’s first LEED-certified green complex in Mission Bay, developed by Intracorp. There are a handful of one-bedroom units with parking still available that are priced in the high $500,000s.

We managed to get into contract at a much lower price, and my client also locked in a very low interest rate, to boot. Though she’s happy with this deal, she’s also happy with the amenities Arterra offers: 24-hour hour front desk with concierge services; state-of-the-art fitness center; community lounge; rooftop sundeck with a bbq and views; and a fully furnished guest suite for homeowners’ friends and family.

Over at Intracorp’s sister development, The Hayes, there are a couple one-bedrooms with parking still available in the same range. The Hayes is a nice neighborhood location—close to restaurants and public transportation. There is also a fitness room (though not as bright and sunny as that of the Arterra). The one bedrooms don’t have a particularly great outlook. However, if your price point is around $500,000, you’re either looking at a high-risk TIC interest purchase in a multi-unit building, or a solid one bedroom in The Hayes.

Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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