88 Townsend Street P-140, San Francisco, CA 94107, San Francisco, 94107 - bed, bath
ACTIVE$65,000
88 Townsend Street P-140, San Francisco, CA 94107
0Bed
0Bath
Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Situated in San Francisco's highly desirable South Beach, offering unparalleled access to Oracle Park, South Beach Marina, South Park, and MUNI.
Top Cons:
Substantial Value Depreciation: The current list price of $65,000 is a significant drop from its 2014 sale price of $175,000, indicating considerable depreciation and potential concerns about future investment value.
Compared to the nearby listings
Price:$65.0K vs avg $815.0K ($-750,000)10%
Size: sqft vs avg 989 sqft10%
Price/sqft:$0 vs avg $83418%
More Insights
Built in 2004 (21 years old).
Condition: This listing is for a parking space, not a habitable residential unit. Therefore, the standard criteria focusing on kitchen, bathroom, and internal features are not applicable. However, assessing the 'condition' of the parking space itself, the building was constructed in 2004, making it 20 years old. The description highlights a 'secure, private parking space' within a 'coveted' condominium building, implying a well-maintained and functional facility. The exterior images show a modern and well-kept building. Based on the building's age and the implied quality of the parking facility, it aligns with the 'Good' category for being move-in ready for a vehicle, with well-maintained systems (like the remote-access security gate) and minimal wear and tear for its specific function.
Year Built
2004
Close
-
List price
$65K
Original List price
-
Price/Sqft
$0
HOA
$35
Days on market
-
Sold On
-
MLS number
425046827
Home ConditionGood
Features
View-
About this home
New Pricing for Parking Space for Sale - 88 Townsend St, San Francisco. Own a secure, private parking space in the coveted 88 Townsend St condominium building, located in the South Beach. Private and secured garage with remote-access security gate. Ideal location, just one block from Oracle Park, steps to South Beach Marina, South Park and minutes from MUNI. Perfect for residents, commuters, or Giants fans looking for convenience and peace of mind from parking tickets!
Price History
Date
Event
Price
03/28/14
Sold
$175,000
Condition Rating
Good
This listing is for a parking space, not a habitable residential unit. Therefore, the standard criteria focusing on kitchen, bathroom, and internal features are not applicable. However, assessing the 'condition' of the parking space itself, the building was constructed in 2004, making it 20 years old. The description highlights a 'secure, private parking space' within a 'coveted' condominium building, implying a well-maintained and functional facility. The exterior images show a modern and well-kept building. Based on the building's age and the implied quality of the parking facility, it aligns with the 'Good' category for being move-in ready for a vehicle, with well-maintained systems (like the remote-access security gate) and minimal wear and tear for its specific function.
Pros & Cons
Pros
Exceptional Location: Situated in San Francisco's highly desirable South Beach, offering unparalleled access to Oracle Park, South Beach Marina, South Park, and MUNI.
Enhanced Security: Features a private, secure garage with remote-access security gate, providing peace of mind and vehicle protection.
High Demand Market: Located in a dense urban area with severe parking scarcity, ensuring strong demand from local residents, commuters, and event attendees.
Convenience & Accessibility: Offers significant convenience by eliminating the hassle of street parking, tickets, and searching for spots, especially for those frequenting the area.
Modern Infrastructure: Housed within a 2004-built condominium building, suggesting a well-maintained and contemporary parking facility.
Cons
Substantial Value Depreciation: The current list price of $65,000 is a significant drop from its 2014 sale price of $175,000, indicating considerable depreciation and potential concerns about future investment value.
Niche Asset Class: As a standalone parking space, its utility is highly specialized, appealing to a limited buyer pool compared to traditional real estate.
Recurring Costs: Incurs a monthly association fee of $35, representing an ongoing expense for an asset that does not inherently generate income.