SocketSite™

Dropped back down to a "mere" $1000 psft.

It sure is a nifty pad in a nifty location though -- and HOA fees are uncharacteristically low.

Cool digs.

is this a datapoint for low HOAs pulling a premium price?

Are the old comments deleted, or are there really no comments on the original 2006 socketsite post?

What is this like when it rains for four months in the winter? The views are still good, but the atmosphere will be anything but cozy.

What does this much natural light do to pictures on the wall? Certainly no works on paper can be hung, but even oil paintings will not do well.

And what did they take out of this old building to create this space? Whoever did this should keep their mitts off the Bourn Mansion.

Ugh, why does socket site always say they are "suckers" for parking? It's so anti-urban...especially downtown.

What is this like when it rains for four months in the winter? The views are still good, but the atmosphere will be anything but cozy.

actually, my master bedroom/bath is somewhat like this but not quite as big and not as many windows... but very open and bright like this. we love sitting up there with a good book on rainy days hearing the rain pitter-patter on the skylights.

it's even pretty cloudy in the pic above and you can see that it still has an open bright feeling.

Usually I am jaded when it comes to these 'dream condo' posts, as I am a fan of yards, fresh air etc.. but this one made my heart do flip flops, very very pretty, now if only I had the funds for the 20% down and the 300 a month hoa....

My grandparents use to live a few blocks away so I would pass by this place everyday after school. Never thought the inside would be this nice.

This is a walkup, if I'm not mistaken? Perhaps that's what makes it "New York." Otherwise it's a terrific place and I'd love to live there. The seemingly low HOA is a red herring. There are only 3 units, so they probably just have assessments when there are big expenses, instead of budgeting for them up front. As many others have commented previously, you can't escape the cost of maintaining a building well. You can pay now, in the form of higher HOA, or later in the form of case-by-case assessments.

A list of things I've always thought were good, but have now learned are actually bad:

1. Light
2. Low HOAs
3. Views
4. Parking (arguable)

If you live on Nob Hill and can't handle two flights of stairs, you've got issues. A walkup in NYC usually puts you on the sixth floor, via a stairway that's not air-conditioned.

~amused, why is light, low HOAs, views and parking bad?

Ask Conifer and Ev3.

I think they're great.

"What is this like when it rains for four months in the winter? The views are still good, but the atmosphere will be anything but cozy.

What does this much natural light do to pictures on the wall? Certainly no works on paper can be hung, but even oil paintings will not do well.

And what did they take out of this old building to create this space? Whoever did this should keep their mitts off the Bourn Mansion."

Amazing. The people that say that "someone will bitch about something" on this site are right.

[Editor’s Note: Wait a second, you mean not all members of a rather large audience share the same opinions and priorities? How dare them!]

saw this today. smelt like roach spray and needs work. Bedrooms are tiny and very dark. Couldnt wait to get out of the building. 1.395 is asking alot for this place... I predict it wont sell for more the 1.25

I think great views, low HOAs, and great light are amazing - and this is an amazing space.

Being from New York, it's painful to see "the second densest city in the country" focus so much on driving and parking (car culture in general). There is nothing New York about this apartment, especially a "walk-up" with parking. It's one thing to have parking spots in the Sunset (the "county of SF"), but it's quite another to place a parking spot (at least) for a single dwelling downtown. It's unheard of in most cities.

We did an outside tour of this place on Saturday. This place is in Chinatown, not Nob Hill. Yes, it's only 1 block from feeling like living in NH, but still no cigar. Spoke with the fellow living at #1. Nice guy. Parking is off an alley behind the bldg, and looks quite ghetto. The sidewalk in front has metered parking. Not good...

The list price for 1022 Powell Street #3 has been reduced to $1,325,000. A sale at asking would now represent an 18.5% drop below its 2006 value ($1,625,000).

down to 1,295M

As noted above, the list price for 1022 Powell Street #3 has been reduced to $1,295,000. A sale at asking would now represent an "apples to apples" 20.3% drop below its 2006 value ($1,625,000).

The listing for 1022 Powell Street #3 was withdrawn from the MLS without a sale.

This place just came back on the market again. Though with a tenant still in there for a while.

Foreclosed, then sold: for a stunning $436,000 under its 2006 price, off about 27%. Nearly half a million dollar loss with costs. Wow!

Now you see why banks want 30% down. The next loss will be all yours.

Nothing better than seeing another almost 30% off sale! Made my day.