NOT LISTED FOR SALE

Estimated Value: $503,000 - $553,000

1 Bed
1 Bath
672 Sq Ft
$496/mo HOA Fee

Last Sold October 09, 2024

Last sale price $510,000 $759 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,863/month

52 Days on Market

Highlights

  • 0.13 Acre Lot
  • Loft
  • Enclosed Parking
  • Wood Flooring
  • The community has rules related to allowing live work
  • 1-minute walk to Victoria Manalo Draves Park

About This Home

As of October 2024

Welcome to urban living at its finest in this sophisticated 1 Bed 1 Bath loft nestled within a boutique building in the vibrant SOMA district. Offering a sleek contemporary aesthetic, this modern residence is one of only 13 units, each designed to maximize city living. Upon entering, you're greeted by a spacious open floor plan featuring soaring height ceilings and expansive floor-to-ceiling windows, bathing the space in natural light and breathtaking city views. The living area seamlessly flows into a private patio, perfect for relaxing and entertaining against the backdrop of the bustling cityscape. The stylish kitchen is equipped with updated appliances, complemented by newly spray painted cabinetry and a convenient kitchen bar, ideal for culinary enthusiasts and social gatherings alike. Freshly sanded and stained wood floors are downstairs and ascend upstairs to discover a tranquil bedroom retreat, adorned with brand new carpeting for added comfort. Additional highlights include a modern bathroom, freshly painted interiors, and the cozy ambiance of a fireplace, creating an inviting atmosphere year-round. Stay comfortable with the newly installed remote-controlled fan for cooling during warmer months. 1 Car parking and easy freeway access make this stylish loft a must see.

Last Listed By

Shane Nugent

Compass License #01966215 Listed on: 08/13/2024

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,596

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 5,480

HOA Fees

  • $496 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Enclosed Parking
  • Garage Door Opener
  • Open Parking
  • Assigned Parking

Interior Spaces

  • 1 Full Bathroom
  • 672 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Electric Fireplace
  • Living Room
  • Loft
  • Stacked Washer and Dryer

Kitchen

  • Free-Standing Gas Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Community Details

  • Association fees include common areas, sewer, trash, water
  • 13 Units
  • 1026 Folsom Street Homeowners Association
  • The community has rules related to allowing live work

Listing and Financial Details

  • Assessor Parcel Number 3731-015

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,596

Year Built

Built in 2001 | Remodeled

Lot Details

0

HOA Fees

$496 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Subtype Description: Live/Work, Loft
  • Property Condition: Updated/Remodeled
  • Levels: Two
  • Remodeled/Updated: Yes
  • Stories: 2
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Number Of Fireplaces: 1
  • Fireplace Features: Electric
  • Bedrooms: 1
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Free Standing Gas Oven, Free Standing Refrigerator, Microwave
  • Flooring: Carpet, Wood
  • Laundry Features: Washer/Dryer Stacked Included
  • Lower Level: Kitchen
  • Price Per Square Foot: 758.93
  • Room Type: Kitchen, Living Room, Loft
  • Square Footage: 672.00

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Access: Independent
  • Parking Features: Enclosed, Garage Door Opener
  • Parking Fees: No
  • Parking Type: On Site - Assigned (Condo Only), On Site - Mapped (Condo Only)
  • Total Parking Spaces: 1.00

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Fireplace(s)

Condo/Co-op/Association

  • Unit: 1
  • Association Fee: 496
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Areas, Sewer, Trash, Water, Other

Association/Amenities

  • Association Name: 1026 Folsom Street Homeowners Association

Lot Info

  • Assessor Parcel Number: 3731-015
  • Lot Size Acres: 0.1258
  • Lot Size Sq Ft: 5479.00
  • Lot Size Units: SqFt
  • Price Per Acre: 4054054.05

Multi Family

  • Number Of Units: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Oct 1, 2024
Sold by
Mulcahy Family Trust and Mellett Robert C
Bought by
David Christian Derek
Seller's Agent
Shane Nugent
Compass
Buyer's Agent
Non Member Sales
Non Multiple Participant
List Price
$549,000
Sold Price
$510,000
Premium/Discount to List
-$39,000
-7.1%
Total Days on Market
52
Views
45
Current Estimated Value
$520,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,801
Avg. Annual Appreciation
5.24%
Original Mortgage
$225,001
Outstanding Balance
$224,581
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$300,210

Purchase Details

Closed on
Oct 18, 2016
Sold by
Brady Nessa
Bought by
Mellett Robert C and Brady Nessa C

Purchase Details

Closed on
Mar 7, 2002
Sold by
1026 Folsom Street Llc
Bought by
Brady Nessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2002
Sold by
Mellett Robert
Bought by
Brady Nessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
David Christian Derek -- First American Title
Mellett Robert C -- None Available
Brady Nessa -- Fidelity National Title Co
Brady Nessa -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David Christian Derek $225,001
Previous Owner Brady Nessa $373,000
Previous Owner Brady Nessa $367,250
Previous Owner Brady Nessa $244,086
Previous Owner Brady Nessa $247,500
Previous Owner Brady Nessa $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2024 10/09/24 Sold $510,000 0.0% $759 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
09/30/2024 09/30/24 Off Market $510,000 -- --
09/13/2024 09/13/24 Pending -- -- --
08/13/2024 08/13/24 For Sale $549,000 -- $817 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,596 $392,284 $79,699 $312,585
2023 $5,493 $384,593 $78,137 $306,456
2022 $5,372 $377,053 $76,605 $300,448
2021 $5,263 $369,660 $75,103 $294,557
2020 $5,348 $365,870 $74,333 $291,537
2019 $5,122 $358,697 $72,876 $285,821
2018 $4,788 $351,665 $71,448 $280,217
2017 $4,434 $344,771 $70,048 $274,723
2016 $4,338 $338,012 $68,675 $269,337
2015 $4,283 $332,936 $67,644 $265,292
2014 $4,171 $326,415 $66,319 $260,096
Source: Public Records

Agents Affiliated with this Home

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Source: San Francisco Association of REALTORS® MLS

MLS Number: 424056953

San Francisco Association of REALTORS® MLS

APN: 3731-172