Listed for $399,000 in June, 829 Folsom #308 is back on the MLS with an official one day on the market and an asking price of $365,000. Studios in the building were expected to be priced around $550,000 two years ago. One bedrooms are now starting at $499,000.
And while we don’t have a confirmed sales count, one source calls it around ten (10) of the sixty-nine (69) units either in contract or closed.
∙ Listing: 829 Folsom #306 (1/1) – $499,000 [MLS]
∙ Listing: 829 Folsom #308 (0/1) – $365,000 [MLS]
∙ 829 Folsom: Listed And Starting From $550,000 $485,000 $399,000 [SocketSite]
∙ 829 Folsom Street: 69 Luxury Condominiums Coming In 2008 [SocketSite]
Cool unit but those are not inconsequential HOA $$$. Also, lack of parking could be an issue for some but there are a lot of Zip and CarShare wheels nearby.
I miss the parking lot
Good thing YBL has such a self-assured design — otherwise this somewhat unfriendly looking neighbor would appear all the more jammed in and trying even harder. The whole thing always looked uncomfortable to me. Wait — this entry isn’t about design; not sure of relationship btwn design and sales — even in uber SF.
I toured this place several months ago. I couldn’t stand the sales staff — they were quite condescending.
The lobby feels cold, dead, and unwelcoming. The interiors are decent, except for the ugly kitchens and the gloomy feel in many of the units.
I was just told that a 1BR w/ parking is $569K. So basically, a $70K premium for a space in this building.
These floor layouts look uncomfortable to live in, many of the floor plans don’t even have doors so you can walk naked from your master bedroom to your master bath without everyone seeing you.
invented – put me on record as never having understood the appeal of YBL. I’m not saying the design trumps YBL, and I’m not trying to hijack the thread, but Saitowitz’s builfing is god-awful, in my opinion.
Ah yup, giant concrete boxes that would warm the heart of any bulgarian stalinist central planner.
So they are still asking for substantially more than advertised starting 1/1 at Rincon One and Infinity (with parking). I am guessing there must be a lot of negotiation room – like 20+%…
Is a 1/1 without parking at $400K a decent deal here ? Or would a studio at $320K attract buyers ?
Realtors keep using the term “luxury” the same way Vizzini used the word “inconceivable”.
I do not think it means what they think it means…
HOAs that include parking and a main lobby attendant are always high.
From what their website states about the building’s security, it sounds a bit like over kill to me. Besides the lobby attendant, they also have building wide electronic access control system, digital video recording surveillance of building and garage at entry points, battery backup of critical building security systems in case of power failure and the elevators feature encrypted individual floor access control system.
Is all of that necessary? Is everyone that paranoid these days? Is this actually a federal building disguised as condos? Are these devices to keep the crazies out or the crazies in?
Is parking included? Doesn’t seem so…which makes these prices seem unreasonable
Parking is included for some of the units, maybe not for all.
Hideous eyesore in an otherwise sleek & sophisticated block.
I’d say the loft building next door takes the prize for block’s most hideous.
I agree with DD. This building is an improvement on an otherwise so so block with unsightly naked concrete buildings that looks to be from the days of disco mania…On the other hand, once occupancy at the front units occurs, unless the HOA imposes a color code on window covering, the appearance of the building can change in a hurry. Image units with blue, green, grey, brown, burgundy drapes…
The lobby feels cold, dead, and unwelcoming. The interiors are decent, except for the ugly kitchens and the gloomy feel in many of the units.
Hideous eyesore in an otherwise sleek & sophisticated block.
Are we talking about 829 Folsom or the next door YBL tombs? i get so confused.
We toured this place in September and they were quoting ridiculous prices. The sales staff were as always up themselves trying to portray that they were doing us a favor by letting us buy this place..please! The floor plans are some of the worst I’ve ever seen. There was always something wrong with the layout. There is a unique 2 bedroom in the building. The main door opens into the second bedroom and then u walk into the other rooms..lol. All the while we are touring this place we are wondering “What was the builder thinking??”
the ten units that have closed, do they happen to be the BMR units?
Haven’t seen it yet. Has anyone been in the 2-bedrooms (aside from the unique one)? Any thoughts on layouts and pricing? I’m guessing no views besides city lights from the Folsom side.
YBL is a sophisticated use of elements – glass and concrete. The building shimmers and has a transparent quality from different perspectives. It has an urbane intelligence which lets the basic elements and design speak for themselves. Inside well — that’s another story. The next-door number looks like a mini-Miami wannabe which is missing palm trees on top. But, in a city where palm trees mix with sycamores and down jackets mix with bare chests — are we surprised by these neighbors?
Fill in the blank, courtesy of SFGate:
“The your city here construction boom of the early fill in decade coincided with both the reduction in residents and more importantly their purchasing power. This coincided with an increase in unemployment levels. The net result was a fall in the price of property and rental values.”
^^^^
Weren’t the rich foreigners supposed to save our market, and not the other way around?
Invented – tough to disagree with you about your assessment of this project – but your endorsement of YBL rings hollow. The design may speak for itself, but that doesn’t mean a lot when you don’t have much to say.
the back of this building facing the Salvatio
senior housing project. Tenants always got
robbed there.
“It has an urbane intelligence which lets the basic elements and design speak for themselves.”
INFINITY – you are a hilarious. I almost lost my breakfast over that one. So many college students and Realtors and majored in getting high. Reading that stuff sober is priceless.
I have toured these units and a number of other new SF condo developments.
_ Layout are great. They make use of every sq ft
_ Finishes are beautiful. A word – quality. And the detail is as good as it gets. If you don’t like the flooring in a model unit – choose your own.
It’s San Francisco, it is an expensive city to live in. Comparing to other new developments in this area, I think this is a nice alternative to the huge 200+ unit hi-rises.
This building stands out among the new developments in SOMA. The developer really didn’t cut any corners with this place.
We walked through one of the ‘unfinished’ units, and I immediately noticed about a hundred blue tape tags, left for the contractor as notes for things to fix. All sorts of things that I normally wouldn’t ever notice. You just don’t see that with most of the junk that is getting built in SOMA.
All jokes aside, this building is VERY different from the other new developments in SOMA. It is much smaller building and, IMO, better positioned to hold value for years to come. The model units look incredible, finishes are awesome, and the floor plans make fantastic use of the space.
The roof is quite large and shared among the units. And a new restaurant is going in on the first floor. I definitely want to see the building again when its complete.