488 Folsom Street 5501, San Francisco, CA 94105, San Francisco, 94105 - 4 bed, 5 bath
488 Folsom Street 5501
San Francisco, CA 94105
Property Price
SUMMARY
Analysis of 488 Folsom Street 5501, San Francisco, CA 94105 is currently available with a list price of $11,250,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This penthouse was built in 2019, making it a newly constructed property within the last 10 years. The images confirm a state-of-the-art, luxurious interior with high-end finishes throughout. The kitchen features integrated, top-of-the-line stainless steel appliances, sleek flat-panel cabinetry, and modern countertops. Bathrooms are equally impressive with contemporary fixtures, large format tiling, floating vanities, and luxurious amenities like soaking tubs and rain showers. All components appear new or virtually new, reflecting current quality standards with no signs of wear or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Unparalleled Panoramic Views
Perched 55 stories high, this penthouse offers stunning, expansive water views spanning from the Bay Bridge to Twin Peaks, the Peninsula, and Mt Diablo, providing a truly breathtaking living experience.
- Exceptional Luxury & Quality Construction
As a penthouse in the Avery, a 5-Star luxury building built by the renowned Related, the property embodies the pinnacle of high-end city living with superior construction and finishes.
CONSRISKS & DEFICIENCIES
- Exorbitant Price Point
The list price of $11.25 million places this property in an ultra-luxury niche, significantly limiting the pool of potential buyers.
- High Monthly Association Fees
The substantial monthly association fee of $2,852 represents a significant ongoing cost, which could be a deterrent for some high-net-worth individuals.
- Implied Market Recovery Phase
The listing's phrasing 'The comeback in SF has started' suggests the San Francisco market may have recently experienced a downturn, potentially indicating a period of recovery rather than peak stability or rapid appreciation.
About 488 Folsom Street 5501
Welcome to the Penthouse at Avery, this half floor luxury condominium, in the sky is a testament to the best in luxury city living. Built by Related, this 5-Star Lux - Full Amenities Building has one thing that separates it from all the other buildings, Related builds communities. Stunning water views capture your imagination with a flexible floor plan that accommodates a library along with three ensuite bedrooms. South facing with outlooks spanning the Bay Bridge to Twin Peaks and as far out as the Peninsula and Mt Diablo. Perched 55 stories above vibrant East Cut and Salesforce Parks, it's obvious from this vantage why you might get excited about coming back to the most beautiful city in the world. In addition to the almost 4,200 sq feet are the additional 30,000 sq ft of luxury amenity areas allowing you the comfort of knowing you can grow as needed for those special occasions. The comeback in SF has started. You in?
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2019
- Lot Size
- 49,754.23 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2852 / Month
Neighborhood Insights
San Francisco Unified Schools
Chinese Education Center
Grades K-5 • 0.7 mi
Chin (John Yehall) Elementary School
Grades K-5 • 0.9 mi
Daniel Webster Elementary School
Grades K-5 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 99% |
| Baths | 5.0 | 2.0 | 99% |
| Square foot | 4,176 | 1,167.5 | 99% |
| Lot Size | 49,754.23 | 33,739 | 55% |
| Price | $11.25M | $1.20M | 99% |
| Price per sq ft | $2.7K | $1.1K | 99% |
| Built year | 2019 | 2008 | 89% |
| HOA | $2852 | $1.4K | 86% |
| Days on market | 583 | 212 | 99% |
Pricing History
Listed for Sale
Aug 1, 2024
$11,250,000
Initial Listing