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Two Lofts, Folsom Street

File under good stuff sells: this time a garden level condo in 855 Folsom Street, the grand "loft" building by Stanley Saitowitz. Some of the units have been languishing on the market in the high $600K's, or a 100K more than last year's asking prices, along with a two-bedroom reduced to the mid-$800K's. It's a great building, but the interiors are starting to look a little tired- especially the bathrooms and kitchens. Minimalism is hard and these guys have a lot to compete with. Plus they're really small.

The Shipley Street side of the building seems to be more desirable than the Folsom side, especially since it faces south, and is quieter. #121's lovely garden is private- they've planked off the view of the homeless people on Shipley. Nothing will hide the "Victorian" affordable housing mews one street over. $679K, went into escrow after about two weeks.

And in the where are they now? category: 2169 Folsom Street, the huge $995K loft in the classic timber Allied Box Factory building, went into escrow at 100K over its asking price, then fell out of escrow, and has returned to the market at $1,095,000. If a property fails to sell, raise the price. Amen.
· 855 Folsom #121 [Michael Broerman]
· 855 Folsom [Curbed SF]
· Allied Box Factory [Curbed SF]