Friday means it’s time for the High & the Low, a Curbed SF column chronicling the most and least expensive homes sold in San Francisco in the last seven days. So who scored what this week, and for how much (or little) did they get it?
After two weeks of eight-figure highs, it was inevitable that the upper extreme of the spectrum would eventually take a dip. While the $4 million sale of the Marina’s 3307 Broderick Street is certainly not a small sum, a few factors in play suggest that it’s a rather modest showing for the property, despite in fact being the biggest market sale of the week.
Only a few months ago, 3307 Broderick was one of the most expensive homes in the city, albeit coming in at the very bottom of the rankings with an asking price of $5.25 million. It’s the top floor of a two-unit building next to the Presidio and the Palace of Fine Arts, a brand new four-bed, three-and-a-half-bath number with a marble kitchen and—yes—views galore.
But it didn’t sell in February. Come May they knocked $300,000 off, but that didn’t do the trick either. When the offer expired it relisted at more than a million less than the original asking, and four days later sold—for $200,000 less.
This property last sold for a million and a half in 2013, but that old circa 1932 structure scarcely resembled this one.
The city’s least expensive home sales this week went for less than a tenth the price of the aforementioned Broderick Street condo. In fact, the $320,000 apartment sold at 1450 Post Street cost less than the price of one of that other listing’s discounts.
But the Post Street building was designed for senior housing, priced low thanks to city subsidies. In terms of purely open market activity, the cleanest bargain was a one bed tenancy-in-common deal at 226 27th Street.
The 1963 building admittedly looks a touch out of place on in Noe Valley, a neighborhood crowded with mostly Victorians. But the little apartment inside a contemporary structure fetched $550,000, a smidgen more than the original list price.