Yerba Buena Condo Sold 23% Over Asking

Yerba Buena Map

829 Folsom Street 502 Ackerman-Burgelman Exterior

Our one bedroom listing at 829 Folsom #502 in the Yerba Buena District of San Francisco just closed escrow for $860,000, 23% over the asking price of $699,000!  We received 12 offers on our offer date, were able to help our clients negotiate a few needed details, and were solidly in contract with a backup offer just in case any of life’s unknowns showed up.  This was a nicely laid out condo overlooking Folsom Street with an office alcove and parking.  The roof deck at 829 Folsom was a great bonus with exceptional 360 degree views of San Francisco and across the bay.  The light rail is scheduled to open up under 4th Street and many potential buyers stated this was a great selling point for the property.

Yerba Buena is a wonderful neighborhood between SOMA and South Beach.  There is a Whole Foods right around the corner on 4th Street.  The train station is a few blocks away on Townsend Street making a commute to Silicon Valley that much easier and the need for a car that much less.  Although access to the highway is just down 4th Street at Harrison.  The BART is a quick walk away at 4th Street and Market.

Yerba Buena Map

Did you know the average price per square foot in Yerba Buena is now over $1000 a square foot!  You can take a look on the Price Squares site:  Price Squares Yerba Buena

Give us a call with any questions about the SF real estate market and if you would like more information about the value of your home:  Let’s Talk

 

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