863 Indiana #109 Living
As we wrote in March:

In November 2009 the sale of 863 Indiana #109 closed escrow with a reported contract price of $550,000, the Esprit Park one-bedroom with one and one-half baths had been listed for $615,000. The 861 square foot condo has just been listed for $575,000.

The sale of 863 Indiana #109 closed escrow yesterday with a reported contract price of $570,000. That’s 1 percent under asking but 4 percent over late 2009.
Esprit Park Sprouts A Late 2009 One-Bedroom Apple To Be [SocketSite]

Recent Articles

Comments from “Plugged-In” Readers

  1. Posted by le_sacre

    … and is already listed for rent?
    http://sfbay.craigslist.org/sfc/apa/2427708863.html

  2. Posted by joh

    I looked at that unit, and liked it quite a bit. But the bedroom is way to small, with a closet far too tiny to be functional. The front yard is cute, but I wouldn’t want to live on street level with direct access to the sidewalk.

  3. Posted by embarcadero

    And $3400 for a one-bedroom in Dogpatch seems awfully optimistic. I’d be curious to see what this actually goes for.

  4. Posted by Mole Man

    Being on street level with access to the sidewalk is a desirable feature for many loft owners because they can set up displays and gathering spaces and get traffic without having to rent a place. There really is a big difference between living in a loft because of the space and the style and choosing such a place because of the utility of being able to live and work from the same location. This is a good price point for such a quality unit, though the space is limited. Places like this potentially enable people to avoid having to rent studios or offices on the side.

  5. Posted by asiagoSF

    interesting… $3,400/month is exactly the mortgage for just over $500,000 plus the HOA fees for this unit.
    A funny/delusional way to determining asking rent. A sure recipe for disappointment, too.

  6. Posted by tc_sf

    If they get the $3,400 rent that will be a better price/rent then has been going around.
    Equivalent to a $2.5M Noe house renting for $15k/month, or a $5M mansion renting for $30k!
    Interesting that the email on the craiglist post is from Vanguard.

  7. Posted by lol

    This rent is a bit high. I smell a subsidized rental.

  8. Posted by Spencer

    i don;t think that will rent for more than $2400, if that

  9. Posted by dch

    The rental ask is high, but I know others renting in the building (2 bed unit) and I think they’re paying almost exactly 4K – it wouldn’t surprise me if this went for somewhere between 3 and 4k.

  10. Posted by dch

    argh! meant 3000-3400 for how much it actually rents for.

  11. Posted by Po Hill Jeff

    This is a pretty decent result actually. I’m a little surprised, but then, we’d already seen some declines by 2009.
    I passed Esprit Park on Indiana the other day and saw at least two for sale signs… will be interesting to see what they go for. More apples for the site?

Add a Comment

Your email address will not be published. Required fields are marked *