Purchased as new for $763,500 or roughly $621 per square foot in August 2009, the two-bedroom unit #7D at 631 Folsom Street (a.k.a. BLU) hit the market in September 2015 and resold for $1,458,000 ($1,185 per square foot) that October, representing total appreciation of 91 percent, or 11 percent per year, on an apples-to-apples basis over those six years.
In addition to two bedrooms and a dedicated parking spot, the 1,230 square foot unit includes two bathrooms and a den and is the largest two-bedroom floor plan in the building.
Yesterday, the 631 Folsom Street #7D returned to the market listed for $1,458,000. And yes, there are big plans in the works for that parking lot in the background.