2138 Beach…what happened?

“Hi Alex,

Do you mind highlighting what happened to 2138 Beach St., $1.799 mil, 2000sqft? In my notes, i write that i saw it on July 24th and it went in contract already. It’s killing me not knowing what the property was.”

2138beach.jpg

Fear not. It was, actually still is, a “remodeled & spacious 3 bedroom, 2.5 bath condominium flat on a large lot (32′ wide, 137′ long). Kitchen features Wolf stove, Viking hood, Bosch dishwasher, Sub-Zero refrigerator & custom cabinetry. Master suite with walk-in closet & remodeled bath with double sinks. Formal living & dining rooms. Landscaped garden has tall trees creating a private feel. In-unit laundry, 2 car parking, and common recreation room & bath (both permitted).”

It came on the market 6/14 for $1,799,000, went into contract (according to MLS) the day before you saw it, 7/23/07, and sold not too long ago, 8/21/07, for $1,725,000. Square footage shows as 2079, which puts it at $829/square foot, and roughly 4.11% below asking. Oh…and it is in the Marina District.

If you got the sfnewsletter, you would have already known. And if you have an agent, maybe it’s time for a new one. I can think of a couple.

-Mid-century betting in the Marina [theFrontSteps]

2 thoughts on “2138 Beach…what happened?”

  1. Thanks for this example. Good to see not everything going ballistic. Pretty good value for only $1.73 million for a lower flat Marina condo :) Buyer did well.

    Let’s keep these type of balanced examples going, as most people in SF are renters, and we like to see good value. Getting good traction on other boards.

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