July 25, 2011
The Second Of Two AIA Tour Homes Closes On Harrison
We first stated following the construction of the two modern townhomes at 3119 and 3121 Harrison a little over three years ago. Originally expected to be finished in 2009, they were asking $2,700,000 a piece as pre-construction in late 2008. And in March 2009 one of the two (3119 Harrison) was listed for $2,370,000.
Now construction complete, the two condos have been listed anew with a bit more modern expectations as well. Now asking $1,895,000 for the 2,500 square foot three-bedroom at 3119 Harrison and $1,950,000 for the 2,645 square foot three-bedroom at 3121 Harrison.
In addition to three bedrooms, both units offer three (and one-half) bathrooms across three levels and parking for three cars side-by-side.
In June the sale of 3121 Harrison closed escrow with reported contract price of $1,750,000 ($716 per square foot). And this past Friday, the sale of 3119 Harrison closed escrow with a reported contract price of $1,650,000 ($717 per square).
And yes, they’re the "Harrison Street Residences: 1 x 2" on the upcoming AIA Home Tour.
∙ The Threes At 3119 And 3121 Harrison Now Listed For Under Two [SocketSite]
∙ Coming (Not So) Soon To An Empty Lot (3119 Harrison) Next Year [SocketSite]
∙ We’ll Give You The Jump Once Again: 3119 Harrison On The Market [SocketSite]
∙ We Gave You The Jump, Now Some New Renderings: 3119 Harrison [SocketSite]
∙ 2011 San Francisco Living: AIA Home Tours Lineup (And Challenge) [SocketSite]
First Published: July 25, 2011 11:30 AM
Comments from "Plugged In" Readers
This is a jaw dropping result, IMO.
Posted by: [anon.ed] at July 25, 2011 11:42 AM
Anon.ed: you mean too high, right? Never mind the difference between the original asking and the sale price--I'm still surprised that anyone would pay over $1.6M to live on an unpreposessing stretch of Harrison half a block from Cesar Chavez.
Posted by: vanillablue at July 25, 2011 11:47 AM
Yeah, that's what I meant. I never would have thought above 1.2M each for condos on Harrison @ CC, no matter how nice.
Posted by: [anon.ed] at July 25, 2011 11:52 AM
Interesting / Weird - especially in light of the $1.25M asking for 28 Precita - a big SFD and flexible studio setup in a much better location....
I can't imagine paying $500k more on harrison & CC for an interlocked condo - even if it has parking...
Posted by: rubber_chicken at July 25, 2011 2:08 PM
one nice thing is it's two good data points, both bought at nearly identical price/sq ft amounts.
this will help going forward if one is sold. we won't be able to hear "they overpaid" or "they underpaid" depending on how the market performs.
I personally find this to be hideous, but that's just me. Way too busy, and not in a good way.
Posted by: ex SF-er at July 25, 2011 2:48 PM
I personally think these units are gorgeous and the finishes are great. That said, I am SHOCKED someone is willing to pay $1.7M for any condo in that location. I live a couple blocks away ... you could buy a single family home for $800-900K ... do a $500K gut renovation and you'd have a single family home with the same finishes for a lot less money.
But I guess some people really will pay a premium for "move-in ready"
Posted by: Greg at July 25, 2011 3:59 PM
It's the robot from Futurama
Posted by: sf at July 25, 2011 9:20 PM
Posted by: SocketSite at October 18, 2013 1:51 PM