My wife and I actually looked at the units at Bluxome for ourselves recently. Seems like a great price, but for us, we didn't like living so close to the freeway entrance, Caltrain tracks, in the alley...and most of all, being next to the art college. We used to live across the street from another of their campuses. The students were very disrepectful in terms of hanging out till late and throwing their cigarette butts all over the sidewalk.

In terms of resale, I believe this is one reason there are so many units in this building for sale. If you check the MLS records, there were actually more for sale just recently. The business license requirement is necessary and, in fact, something that is required in quite a few lofts in SF, especially in SOMA. It's not really a big deal, but it is a requirement and though the license is easy to obtain, it is a turnoff for those potential buyers who would rather not be bothered by such for a variety of reasons. For resale, the license is the least of the concerns for future buyers. Everything else I mentioned in the first paragraph would be the major concerns.

Also, with respect to the business license requirement, I would defer to the disclosure documentation. This varies from building to building with respect to business licenses.

Hi--There are currently eight units available in Bluxome, ranging in price from $464,900-$649,000. Only one of the eight is a bank-owned property (listed at $464,900). None are short sales. There is no litigation going on at Bluxome as far as I know.

This is a pretty central SoMa location, but it can be noisy as it's near the freeway ramp. I've had clients with that objection in the past.

In terms of cost, the average price of a 900-1100 sq foot unit in SoMa (#317 at 175 Bluxome is about 1027 sq feet) was $529,727 from August-today. Most of these sales were for 1BR units; I know #317 has two bedrooms, but the square footage should be factored in.

There has only been one sale in the building since the post-stock market crash of Oct 2008; that was for a 1BR with deeded outdoor space that sold in November for $560,000.

However, something to note is that a 2BR unit listed at $499,000 is in contract, and five units were on the market this year and were ultimately withdrawn because they didn't sell (list price ranges were from $449,000-699,000).

The #317 seller is obviously catching on to where the market is right now for SoMa properties.

Hope this helps.

Hi DMT, look for a local Realtor. Unlike other websites, your question goes to a Community board instead of the listing agent. Also, it does not show up at the property you are asking about.

Buy!

Benito.