While we never featured 1774 Beach Street, it was mentioned in a reader’s comment (regarding 1307 Bay). And it is another data point. So without further ado…
1774 Beach Street closed escrow yesterday with a reported contract price of $1,410,000. Having last changed hands for $1,345,000 on 10/31/2006, and without any major improvements since the last transaction (as far as we know), the sale suggests annual appreciation of 4.2% over the past 13 months. (Obviously the seller must have underpaid in 2006…)
On a related note, the listing for 3324 Octavia #4 which was last asking for $1,000 less than what the sellers had paid in 2004 has been withdrawn from the market after a little under two months.
∙ Listing: 1774 Beach Street (2/2) – $1,345,000 (sold) [1774beach.com]
∙ When Good Comps Go Bad (Down In The Marina) [SocketSite]
∙ Another Apples To Apples Comp In The Making (In The Marina) [SocketSite]