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March 24, 2011

Washington Street Hits New Highs in March

Washington Street in Pacific and Presidio Heights was the site of the most expensive house and unit sales in March, as of this writing. I thought I’d take you through each property so you could get a sense for pricing in the luxury market these days in San Francisco.

3659 Washington was on the market for 27 days when it went into contract with its $7M list price:

The single-family house has 5BR/4.5BAs, 6,000+ square feet and kitchen/family room that opens directly to the garden. The “green” home has solar electric service, solar-assisted hot water, and has also undergone a massive seismic upgrade including a new foundation. Selling price: $6,650,000.

Just up the street at 2000 Washington, the most expensive unit sale of the month took place:

2000 Washington #5 is a 3BR/4.5BA coop in a seven-unit building situated at a Pacific Heights crest. That means there are views galore, as you can tell from the room above that is also filled with a sectional couch. The apartment was built in 1922 by noted architect C.A. Muesdorffer. Initially listed in late 2010, the unit was last listed at $6.8M and sold this month for $5,850,000. Monthly dues for #5 are $4,043.

#5’s neighbor at 2000 Washington #6 is currently on the market for $12M.

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