Ten months ago Odeon (150 Powell Street) hit the market with one-bedrooms on the third floor and facing Powell Street priced at $780,000. Four months ago the sales team was advertising “Make us an offer we can’t refuse!” on its last remaining unit: #310 (a one-bedroom on the third floor facing Powell Street). And apparently the “offer they couldn’t refuse” was $750,000 (which closed escrow on 5/22/07).
Three days ago 150 Powell Street #310 reappeared on the MLS with a big bold price tag of $1,049,000. We’ll keep you posted (and of course, plugged-in).
UPDATE: While the original listing for 150 Powell Street #310 was “Active Contingent” on the MLS as of this morning (as originally published), it has since been changed to reflect a sale on 5/22/07 with a contract price of $750,000 (3.8% under list).
∙ The Odeon (181 O’Farrell): First Impressions And Pricing [SocketSite]
∙ One Condo Left At Odeon (And An Update On Arterra’s Incentives) [SocketSite]
∙ Listing: 150 Powell Street #310 (1/1.5) – $1,049,000 [MLS]
This location has always been interesting to me. If anyone lives there I would be curious, how do you get groceries home, etc? With Powell being a continual no parking street, and the Odeon not having parking, where do you walk to get “basics”?
My other question is street noise, is it quiet up there or do you hear the howls from down below all night?
There’s a high-end grocery store (Bristol Farms) in SF Centre a couple blocks away and about 12 Walgreens within a couple blocks.
I guess one could get groceries at Bristol Farms in the Westfield Center a block away.
http://www.bristolfarms.com/locations/sanfrancisco.html
Safeway delivers all over the city, it works and it is a pretty good experience.
Live in the city, eat out forever.
Bristol Farms for weekly grocery shopping? Maybe for the person who pays $1MM+ for this 1/1.5 more than the $780K customer.
Like the kitchen, hate the outdoor space. Looks like a scary alleyway.
We bought at the Odeon and we LOVE living there!
A: Convenience. We can walk to a variety of great restaurants, Farallon, Scalas, Cortez, (Cheesecake Factory when our kids are in town). A couple of weeks ago we had friends over pre-dinner and realized we had no champagne flutes. Ten minutes later I had them after walking to Crate & Barrell! We’ll get some items at Bristol Farms, but we also like walking to Whole Foods (with a rolling cart) or we’ll go to Safeway.
B: Parking: we park in the Ellis/O’Farrell garage that’s just two buildings up for free as my partner’s employer pays for parking. That may prove to make selling a little more difficult, but I have to say WE RARELY USE OUR CAR. We’ll take the Underground to the Castro for dinner, West Portal, the BallPark. We’ve taken the Cable Car to one of our favorite restaurants, 1550 Hyde a few times and it’s wonderful. (For big grocery runs, we’ll simply park in front of our building on O’Farrell, load the bags into the lobby and one of us brings them up while the other parks the car. No big deal AT ALL!)
C: Noise. We’re on the courtyard and this unit is FAR quieter than our SOMA unit ever was! We were amazed. We’ve been in the Powell units and they are surprisingly quiet, too. Of course, if there’s a siren we’ll hear that, but so will everyone, pretty much anywhere.
D: Sketchy neighborhood? When we’re out on the street it’s typically filled with tourists this time of year and it’s terrific. You hear foreign languages (seems to be the summer of the Italian and German tourist). We swear people somehow can tell we’re local so we get asked for directions alot and enjoy being Union Square ambassadors when called upon. Are there a multitude of panhandlers? Yes, there are. Nowhere is perfect, but it least I haven’t seen any of the “messes” I routinely saw when living in SOMA.
Is Union Square for everyone? Probably not. But we LOVE it and the sentiment amongst the neighbors we’ve met suggests that we’re all extremely happy here.
Will #310 get over a million. I doubt it. I doubt they’ll get over $800k. But all I know is we got a fantastic unit for under $700 sq foot with a Viking kitchen (we switched out our Bosch DW for a Viking), ample square feet and storage and a location we feel is perfect for OUR lives and are confident we’ll sell easily if and when the time comes.
I looked at a unit at the Odeon that faced the courtyard. Overall I liked the unit but decided against it because I hated the way the courtyard units faced directly toward the wall of another building. When you looked out, all you saw across the courtyard was the wall of another building.
Thanks anon Odeon dweller, it’s great to hear from someone who lives in one of the new downtown units. Car-lite living in downtown SF – I’ve been wondering for a while when the ability to live car-free or car-lite will be recognized as a luxury (which I believe it is), instead of a burden. Not many people in the US get to live car-free or car-lite. Congratulations on your home.
310 is now showing sold at $750,000 on the MLS. It has to flip at about $815,000 to keep from going negative. I’m not sure what the buyer is thinking – he bought it after a long DOM stand and suddenly (juju staging? stars aligning?) it is supposed to be worth $300,000 more than yesterday?
Who knows, they may pull it off. SF is so out of control right now in some areas.
Glad I bailed in 2005. Flipper who bought my place redid the kitchen (40K?), listed exactly 2 years later for the tax break and it is a silent but deadly fart on the market. 45 days in Glen Park, “offers due by” date passed. OOPs. I missed again.
I was freaking out with the unwarrented appeciation, the weirdo loans the buyer’s were taking out to buy the properties. I couldn’t sleep. I was feaked by the idiots out there, but managed to find “my” idiots. 11% over asking (there were no other offers [Removed by Editor]).
I’ll share this one if it ever closes.
anonymous at 3:38 PM
[Removed by Editor] Are you the listing agent?
No, I’m neither the listing agent nor Maria von Trapp. [Removed by Editor]
[Editor’s Note: Asked and answered. And now back to the property…]
Bink — wonderful point. When I moved to SF in the early 90s from San Diego (where I often logged 50,000 miles/yr) driving, I specifically looked to cities where I would not have to own a g**d*** car. It basically came down to NY, SF, Boston, and Chicago. Not being saddled with a car is not only a financial luxury (eliminates about $7000/yr in costs for a mid-range vehicle) but a huge psychological luxury. The auto companies have deeply embedded the bogus car=freedom mindset.
not sure if anyone can answer this, but i really like the cushion they put on the window ledge in the picture above. i’d like to do something similar– can anyone recommend a place that does this?
joel: check out foamorder.com. You can also visit them on Howard between 9th and 10th. I found the staff easy to work with and knowledgeable. I had something similar done for a window seat.
I live downtown too,I still rent,but looked at Odeon and the good use of space.I am disabled but ambulatory and without a car for years now since moving across the Bay from Lake Merritt where I lived for years,with a house in El Sobrante also[that was when El Sobrante was still country].I like anonymous shop at Safeway,take the bus,cab home,Trader Joe’s,and Whole Food’s,sometimes Bristol Farm’s,after a movie or shopping at SF Center.I like going to the Civic Center Farmer’s Market on Wednesday’s to shop for organic produce and like anonymous,I shop at Macy’s,Crate and Barrel,Border’s,Virgin,etc.I use my MUNI pass and get my exercise and go to auctions and thrift shops to scout for bargains for my home and for my family.It is a fun, great way to save the environment and my small contribution to the world.We must all save and recycle and that is what Odeon did by building the condos in the inner City,and forcing us to revitalize it and ourselves.
My husband is a general contractor who worked on one of the third floor courtyard units here. He did a remodel of the upstairs bath, moving the sinks into the closet area with a custom vanity and moving the closet back. He also put in a new custom vanity in the downstairs bath, replaced the cabinet doors in the kitchen and made other small changes. We are currently building a library for the same unit. It really is a nice building, and the parking at the next door garage worked out well for us for the most part, unless we had our big truck. There is very limited parking for service vehicles – you have to arrive very early to get a space – obviously not a problem for residents, only workers. The area is lively and quite livable. It’s a city.
sad story, but did you guys hear about the suicide from the odeon last week? he jumped from the 4th floor of the H&M building (considered the 3rd floor of the odeon?). it’s not confirmed that he was a resident…
sad 🙁