Hayes Valley
New Development Prices Rising: Certified Pre-Owned Condos An Attractive Alternative
With so few new developments coming on the market, historically low interest rates, and high demand for real estate, prices on new developments are projected to exceed $900-$1,000 per square foot. In addition, sellers traditionally pay transfer tax at a rate of $6.80 per $1,000, but in new construction, this cost is passed along to the buyer. Many new developments don’t have parking available for every unit, so parking may be sold separately. What is the cost-conscious buyer to do?
How about buying a “certified pre-owned condo”? There are several dozen luxury condo buildings in fantastic locations throughout San Francisco that have been built in the last 10 years you may want to consider. Many have true parking spaces included, the seller pays the transfer tax, and prices are more affordable than units that are brand-new. Here are just a few buildings you may want to consider.
The Palms is located in SOMA on the border of South Beach at 555 4th Street. It features 1-bedroom and 2-bedroom units. Over the last 12 months, the average 2-bedroom unit sold for approximately $770,000, at $755 per square foot. The Palms has concierge service, a full-time doorman, a fully equipped business center with a conference room, a private 20-seat theater, a fitness center and a landscaped courtyard.
The Hayes is in a prime part of Hayes Valley located at 55 Page Street. With a walk score of 95, this Heller Manus-designed building is highly desirable. Over the last 12 months, the average 2-bedroom unit sold for approximately $850,000, at $785 per square foot. The Hayes features a landscaped roof deck, fitness center, kitchen cabinetry from Studio Becker, and large bay windows.
The Metropolitan, a.k.a. “The Met”, has two prestigious addresses: 333 and 355 1st Street. With 354 units located in the heart of Rincon Hill, The Met is one of the best-run buildings in San Francisco, and Climb’s own Marcella Bartolini is the former manager of these luxury homes. Over the last 12 months Marcella has sold two units and has two others in contract. She is also working on some other listings that will soon become available. The Metropolitan is a 24-hour doorman building with a fabulous gym, movie theater, business center, conference room, and indoor pool.
If you have been waiting to see what you can afford, contact a Climb agent for these and other buildings throughout San Francisco.
Data source: San Francisco MLS
300 Ivy Street: San Francisco New Condos for Sale
300 Ivy is exclusively represented by the Mark Company.
We’ve had our eyes on the new condos for sale at San Francisco’s 300 Ivy Street, and the development’s website has finally added some extra information. Our partners at SF City Condos report:
“The website claims that the buyer is ‘Someone who appreciates quality and craftsmanship, who seeks out diverse flavors, textures, and ideas, and who values style even more when it’s accompanied by substance.’ We couldn’t agree more.”
Read the full article at SFCityCondos.com, or contact author Todd Montgomery at todd@climbsf.com or 415.203.6022 for more information about 300 Ivy and other new developments in Hayes Valley.
The Changing Times and Evolution of Hip Hayes Valley
According to the San Francisco Chronicle, Hayes Valley was once “a seedy reminder for opera and symphony patrons of the city’s homeless and drug problems. But over the past two decades, Hayes Valley has developed into a haven for haute couture.” Our partners at SF City Condos have written an article about this transformation:
“Several years ago, the idea of Hayes Valley being ground zero for fashionable shops, trendy restaurants, modern furniture stores, and gourmet coffee seemed unlikely. Today, Hayes Valley and in particular, Hayes Street, has become San Francisco’s most desirable address.”
Read more at SF City Condos.
For more information about Hayes Valley and up-and-coming new developments in the area, contact neighborhood professional Todd Montgomery at todd@climbsf.com or 415.203.6022.
David Baker’s 300 Ivy is Newest Community to Arrive in Fashionable Hayes Valley
300 Ivy is exclusively represented by the Mark Company.
Our partners at SF City Condos have written a new article about 300 Ivy, Hayes Valley’s newest development.
“David Baker and Partners are always ahead of the curve. From renovating old warehouses in Soma to hip live/work conversion lofts, they always seem to be ahead of the curve. Now, David Baker’s 300 Ivy St is San Francisco’s newest new construction community to arrive in Hayes Valley.”
Read the full article at SFCityCondos.com or contact the author, Todd Montgomery, at todd@climbsf.com or 415.203.6022.
Hayes Valley’s Newest Construction Update: 300 Ivy
300 Ivy is represented exclusively by The Mark Company.
One of Hayes Valley’s newest construction communities is 300 Ivy, and our partners at SF City Condos have an update for us:
“… San Francisco has been looking for new construction condos all year, and architect David Baker & Partners are delivering with the new 300 Ivy development. The building, located between Hayes and Grove street in Hayes Valley, will offer 63 units, a combination condos and townhomes, with retail at ground level. … The features list for the new units are quite impressive, and with such convenient access to public transportation, this new development is sure to be a popular one.”
Read more at SF City Condos or contact building specialist Todd Montgomery at todd@climbsf.com or 415.203.6022.
Hayes Valley Real Estate: 300 Ivy’s New Construction Common Area Amenities
300 Ivy is represented exclusively by The Mark Company.
Common area amenities have steadily become a bigger draw to condo buyers looking for urban real estate, and 300 Ivy brings a lot to the table. A common roof garden with outdoor grilling and dining area is available to all residents, as well as a sun deck and roof level seating area. Units will face in an interior garden at courtyard level. The common area will also include enclosed storage for over 63 bicycles in the garage and courtyard. The garage offers additional storage units to residents as well.
Construction has already begun on these new homes, so it should be a matter of months before the first units hit the market. To get in early and get access to more information about 300 Ivy as it becomes available, contact me today.
For more information about this Hayes Valley new construction project, contact neighborhood professional Todd Montgomery at todd@climbsf.com or reach him immediately at 415.203.6022.