As we wrote in July of 2012:
Having hit the market in late 2006 asking $1,295,000, the 1,792 square foot 2130 24th Street #A sold for $1,274,000 in the middle of 2007.
With its Scavolini cabinets, Carrara marble counters, and Black Walnut floors still looking rather fresh, the contemporary Potrero Hill condo is back on the market and listed for $1,389,000.
With twenty percent down and a thirty-year mortgage at current rates, the monthly mortgage payment would be around $5,300 a month at asking. In 2006, the payments on the purchase would have been closer to $6,500 at rate of 6.56 percent.
Having failed to sell in 2012, the Potrero Hill condo is back on the market today and listed for $1,499,000. With the current rate for a 30-year Jumbo loan running around 4.0 percent, the monthly mortgage payment with 20 percent down at asking is now around $5,700 a month, 12 percent less than in 2006 but 8 percent higher than at asking in 2012.
UPDATE: Our original calculation of a $6,700 monthly payment at asking today included property taxes and HOAs which should not have been included for the sake of comparison and has since been updated above.
∙ Listing: 2130 24th Street #A (3/2) 1,792 sqft – $1,499,000 [Redfin]
∙ Apples-To-Apples: Prices, Rates And Payments…Oh My! [SocketSite]