San Francisco condo with amazing views and exclusive HOA fee
Beds: 3 Baths: 3.5 Sq. Ft.: 1,961 $/Sq. Ft.: $1,096 Lot Size: - Property Type: Condominium Style: Contemporary Stories: 9+ (High Rise) View: Bay, Neighborhood, City Lights Year Built: 1963 County: San Francisco MLS#: 80944336 Source: MLSListings Status: Active On Redfin: 138 days
Thanks to Burbed reader Herve for this find!
Let’s face it… with views like this, and with a separate unit downstairs, this condo is worth every single dollar. Heck, $1,096 per square foot might be low for this amazing asset.
But wait… there’s more:
Homeowners Association InformationFees: $2,704
Professional Management Included
Water Included
Garbage Included
Common Area Insurance Coverage Only
To me, that’s the clincher. With a HOA of $32,448, you can be assured that you will have only the most elite of neighbors when you’re living at this amazing asset. You won’t have any poseurs or players – you’ll have only the cream of the cream of the cream of the crop of the best of San Francisco… heck… the world… living with you.
That type of exclusivity makes this property even more valuable in my book. Wow.
February 19th, 2010 at 7:35 am
Wow, that’s jawdropping. You could borrow almost $500k with that HOA payment and buy something reasonable in SJ. Or a palace in Nashville, if you’re into that sort of thing.
February 19th, 2010 at 8:45 am
If you’re into wallpaper, check out the upstairs neighbor’s listing:
http://www.redfin.com/CA/San-Francisco/1170-Sacramento-St-94108/unit-12B/home/1763050
BTW, it’s $200k less but doesn’t have the extra unit with it.
February 19th, 2010 at 9:05 am
thing about properties like this is that I don’t think price is a factor… this will go to a cash buyer, most likely a celebrity or executive or someone like that. I don’t think anyone’s taking out a mortgage on a place like this. And the HOA fee I’m sure is just a pittance of the potential owner’s income. Like dropping $10 on lunch for us regular folk.
February 19th, 2010 at 12:42 pm
I believe that’s right at the top of Nob Hill. If I had the money, I would live there. It’s a lot more special than some silly old McMansion in Suburbialand.
February 19th, 2010 at 7:26 pm
This part of San Francisco is intended for the super rich, those who according to Chris Rock, can’t get rid of their wealth even if they try. I have a friend who owns a pied-a-terre around there. Almost everyone in his building lives somewhere else. They put down millions for a condo and maybe spend a couple weeks per year in SF. That HOA is nothing to those folks. I’ve seen my friend spend more than 10x that in a single night of partying. It’s mind boggling. So I’ve long given up rationalizing how other people spend their money. Hey, it’s your money, do whatever the hell you want with it.
February 19th, 2010 at 7:41 pm
The fact that these 2 condos have been on the market for over 5 months is the interesting tidbit. If it’s really like dropping $10 on lunch for us, they should have been sold a while ago.
February 19th, 2010 at 8:27 pm
Spoken like a true broke person, “Living in SF.” Kudos.
August 22nd, 2010 at 10:39 am
> [The upstairs neighbor’s listing is] $200k less but doesn’t have the extra unit with it.
It sold for $1,650,000 in June while the featured property is still on the market after almost a year and no price reduction.