We sold a unit there about a year ago. They had had some leaking issues but I think those are resolved.
I think the prices are reasonable for a high-rise, but I've never been a fan of these types of building for three main reasons:
1. HOA fees are higher and you could put the extra money to better use - mortgage payments, for example.
2. These units are generally harder to sell because of the fees and you will often be competing with other units in the building.
3. In these days of buyers finding it harder to pull the trigger, having something unique makes it much easier to sell.
Foregoing aside, it's an excellent location, but your Broker should be able to give you the information you ask for. If you don't have one, interview a few reputable ones and pick one who will serve your needs best. We are always happy to provide a no-strings consultation.
Lance King/Managing Broker
So your thoughts are truly appreciated!
What's your realtor say? This one along with your condo inspection questions are all things you should be asking your real estate agent! Answering these questions all lead down the path of 'AGENCY' and that brings with it many responsiblities. We are not anonymous online and our professional code of ethics holds us accountable. Therefore if you really don't have an agent, call us at 415-695-2715 or any one of the fine agents online here. We know South Beach and we *will* get back to you promptly!!!
BTW Check out our:
In contract in less then 10 days -
The photos say more than a few thousand words!
Wishing you all the luck!
Mike Ackerman, CRS,
Zephyr Real Estate
If you have an agent, then Peter's suggestion of speaking to your agent is spot on. If you don't have an agent, than I suggest an offline contact to me or any of the great agents who frequent this site, or of course to anyone you may already know.
I'd love to help if you'd like to contact me - my Trulia profile or my main site below has all of my contact info.
Well, these are really questions your realtor should be answering, but this is my point of view. There is a lot inventory available in South Beach and condos in the area have been hammered compared to a lot of the more central areas of the city where the properties are older and have more details. In the long run I believe the area is going to do fine. However, I'm still of the opinion that properties in the area could fall another 5% once the fed stops purchasing mortgage backed securities. I think these policies will have more of an affect on properties in areas like SOMA. That being said, you should be able to negotiate that difference in the price with the help of a good agent.
As for the specific building? The location is great being close to the Financial District, public transportation, and Pac Bell Park. The amenities are decent and the hoa is a little high, but overall I think it is a very good building.
As for the inspection question on your other post, I'd say that you should get all that you deem necessary. You specifically mentioned the home inspection and you might consider combining this inspection with a pest. There are quite a few companies that do both and will give you a good rate for using them for both inspections.
Feel free to contact me at firstname.lastname@example.org or call 415 728 5580 if you have any questions or would like some help constructing an offer if you are not currently working with an agent.
Prudential CA Realty
One Daniel Burnham Ct #260C