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Life in a Residential Tower: Recent Condo Sales

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The past week has been good for condo sales in residential towers. Let's see what sold, and for how much.

1388 Gough, aka the Post International Building, had a 2-bed, 2-bath, 1,296-square-foot corner unit on the ninth floor for sale. It was listed in August for $739,000 and it sold on October 7 for $727,915. HOA dues are going to run the new owners $862.10 a month. But hey, it's a professionally managed building with a door person and a gym, so there's that.

A "freshly renovated" condo at 101 Lombard just sold. Unit 116e is a 1-bed, 1-bath, 1,030-square-foot unit that was listed in early August for $645,000. Shoot forward two months and it sold for $635,000. Monthly HOA dues are $827, and help maintain property highlights like the outdoor pool, roof deck and club room. Big bummer: there's no laundry in the unit, and the onsite laundry facility is coin operated.

The saga of unit #1022 at 1177 California has finally come to a close. After collecting dust on the market for almost two years, the junior one bedroom on the tenth floor has finally sold. Bought in 2006 for $462,000, the unit was put back on the market in late 2009. It sold on October 7 for $280,000. Do the math, folks. While we can't deny the appeal of an indoor swim center with jacuzzi, it is hard to fathom paying $766.47 in monthly HOA dues for a junior one bedroom. Regardless, we're happy someone finally put in an acceptable offer.

A "very spacious" condo at 300 3rd in the Yerba Buena (aka SoMa) neighborhood was listed in August for $715,000. The 2-bed, 2-bath, 1,161-square-foot condo with a private deck sold on the 11th for $660,000. The monthly HOA dues are $596.88. The condo doesn't come with parking, so you're going to have to shell out $254 for leased parking if you don't want to keep circling the block for a parking spot.

Up the street from 300 3rd is 855 Folsom, aka the famed Yerba Buena Lofts. The were designed by Natoma Architects with the help of starchitect Stanley Saitowitz. Unit #512 is a 1-bed, 1.5-bath, 923-square-foot condo that plopped on the market in early August with an asking price of $499,000. It sold on the 11th for $495,000. Monthly HOA dues are a reasonable $425.