$838,000
SOLD JUN 18, 2019
1 Bed
1 Bath
680 Sq Ft
1 Acres

Recently Sold

$1,232 Per Sq Ft

66% Below List Price

3,779 Days on Market

Highlights

  • Fitness Center
  • 4-minute walk to San Francisco 4Th & King
  • Contemporary Architecture
  • Daniel Webster Elementary School Rated 9+
  • Clubhouse
  • Wood Flooring

About This Home

As of March 2025

A rare opportunity at The Palms, Unit 828 is a 1 bedroom, 1 bathroom penthouse level condo in South Beach. The expansive layout incorporates a thoughtful floor plan coupled with floor to ceiling windows which provide tons of natural light. The gourmet chef's kitchen is well appointed with upscale finishes only found on the penthouse levels including a Bosch gas range and a Sub-Zero refrigerator. The spacious bedroom has a vast yet welcoming feel which includes newly installed carpet. In the common areas, walnut stained hardwood floors give way to the in unit washer/dryer and ample storage space. Perched on the 8th floor, your private balcony overlooks the tranquil lush courtyard, creating the ultimate zen experience.

Last Agent to Sell the Property

Marcell Neri

City Real Estate License #01933020 Listed on: 05/24/2019

Co-Listed By

Charlene Gueco

Kinoko License #01908351

Last Buyer's Agent

Suki Tsang

Chance Real Estate License #01968906

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,538

Year Built

  • Built in 2006

Home Design

  • Contemporary Architecture

Interior Spaces

  • 680 Sq Ft Home
  • Combination Dining and Living Room
  • Laundry closet

Kitchen

  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Car Garage
  • Enclosed Parking
  • Side by Side Parking
  • Garage Door Opener
  • Parking Fee
  • $282 Parking Fee

Additional Features

  • Accessible Elevator Installed
  • Unit is below another unit
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 3776-399

Community Details

Overview

  • Association fees include management, door person, maintenance exterior, trash, ground maintenance, water
  • 302 Units
  • The Palms Owner Association
  • High-Rise Condominium

Amenities

Recreation

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,538

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Subtype Description: Hi-Rise (9+)
  • Architectural Style: Contemporary
  • Accessibility Features: Accessible Elevator Installed
  • Location Of Unit: Unit Above, Unit Below
  • Year Built: 2006
  • Special Features: None
  • Stories: 0

Interior Features

  • Bedrooms: 1
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Dining Room Features: Dining/Living Combo
  • Number Of Rooms: 4
  • Appliances: Dishwasher, Disposal, Hood Over Range, Microwave, GSRG, REFA
  • Bathroom Features: Tile, Tub w/Shower Over
  • Entry Level: 8
  • Flooring: Carpet, Tile, Wood
  • Laundry Features: Laundry Closet, WDIN
  • Main Level: Bedroom(s), Full Bath(s), Kitchen, Living Room
  • Price Per Square Foot: 1232.35
  • Square Footage: 680.00

Garage/Parking

  • Parking Access: Side by Side
  • Parking Features: Enclosed, Garage Door Opener, Side-by-Side, GARG
  • Parking Fee: 282
  • Parking Fees: Yes
  • Parking Lease Term: Month To Month
  • Parking Type: On Site - Lease Available (Condo Only)
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Baseboard

Association/Amenities

  • Association Features: Clubhouse, Gym
  • Association Name: The Palms Owner Association

Condo/Co-op/Association

  • Unit: 828
  • Association Fee: 649
  • Association Fee Includes: Management, Door Person, Maintenance Exterior, Trash, Maintenance Grounds, Water

Schools

  • School District: San Francisco

Lot Info

  • Assessor Parcel Number: 3776-399
  • Zoning: SLI

Rental Info

  • Pets Allowed: Number Limit

Multi Family

  • Number Of Units: 302

MLS Schools

  • School District County: San Francisco

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Jun 14, 2019
Sold by
Mao Yifan
Bought by
Hu Xinbei
Seller's Agent
Marcell Neri
City Real Estate
Buyer's Agent
Suki Tsang
Chance Real Estate
List Price
$2,500,000
Sold Price
$838,000
Premium/Discount to List
-$1,662,000
-66.48%
Current Estimated Value
$663,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$174,298
Avg. Annual Appreciation
-3.69%
Original Mortgage
$485,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 24, 2019
Closed on
Jun 11, 2019
Sold by
Wong Henry and Wong Irene
Bought by
Hu Xinbei
Seller's Agent
Marcell Neri
City Real Estate
Buyer's Agent
Suki Tsang
Chance Real Estate
List Price
$2,500,000
Sold Price
$838,000
Premium/Discount to List
-$1,662,000
-66.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 20, 2006
Sold by
555 Fourth Street Associates Llc
Bought by
Wong Henry and Wong Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,800
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- First Amer Ttl Co Redwood Ci
Grant Deed $838,000 First Amer Ttl Co Redwood Ci
Grant Deed -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $470,000 New Conventional
Closed $470,000 New Conventional
Closed $485,000 Adjustable Rate Mortgage/ARM
Previous Owner $492,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 Sold $655,000 -3.5% $963 / Sq Ft
02/03/2025 02/03/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $679,000 -19.0% $999 / Sq Ft
06/18/2019 06/18/19 Sold $838,000 0.0% $1,232 / Sq Ft
01/26/2010 01/26/10 Off Market $838,000 -- --
01/21/2009 01/21/09 For Sale $2,500,000 -- $3,676 / 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
2025 $11,538 $934,801 $560,881 $373,920
2024 $11,538 $916,473 $549,884 $366,589
2023 $11,355 $898,503 $539,102 $359,401
2022 $11,131 $880,886 $528,532 $352,354
2021 $10,932 $863,615 $518,169 $345,446
2020 $10,991 $854,760 $512,856 $341,904
2019 $9,287 $725,330 $435,199 $290,131
2018 $8,975 $711,109 $426,666 $284,443
2017 $8,571 $697,166 $418,300 $278,866
2016 $8,418 $683,498 $410,099 $273,399
2015 $8,314 $673,232 $403,939 $269,293
2014 $7,743 $630,000 $378,000 $252,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 485197

San Francisco Association of REALTORS® MLS

APN: 3776-399