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One-Bedroom SoMa Conversion Loft Sells for Whopping $1.63M

2011 was a very different year for San Francisco residential real estate. This 2,275-square-foot warehouse-turned-abode in SoMa swooped onto the market with an eyebrow-raising asking price of $1,200,000 in early 2011, which at the time was very expensive for a conversion loft with just one bedroom and one bathroom. The home lasted one month on the market before its price was chopped to $1.15M, and in April of 2012 it sold for $940,000. Shoot forward to February 2015, and the property was back on the market for $1.495M, which is upwards of $500,000 more than it brought a mere three years ago. Because real estate is absolutely bonkers in this town right now, the property just sold for $1.63M. Is $1.5M the new normal for a funky one-bedroom in SoMa?
· SoMa Artist Pad Up For Grabs [Curbed SF]
· Seafoam Warehouse Gets Sent to the Chopping Block [Curbed SF]
· 765 Clementina [Redfin]