Bang For Your Buck: New 2-Bed Unit Now 40% Off At Fulton 555

A short six months since the new condominium residences at Fulton 555 were withdrawn from the MLS — and a handful subsequently repositioned as rentals — they’re back! Relisted with massively reduced prices, it appears the developer is eager to get these approximately one dozen remaining 1- and 2-bedroom homes off their books. We would be, too, after the long journey this project has had including dramatic construction setbacks, more than seven years of sales, and now a shifted market that has many would-be buyers sitting on the sidelines.

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555 Fulton Street #217 is marketed and listed exclusively by cooperating broker Compass. Development exterior elevation, above, and representative model home photos, below, courtesy of SFAR MLS.

 

One courtyard-facing 2-bed/2-bath unit reappeared on the market this past week offered at just $999,000. Priced at less than $1,000 per square foot, 555 Fulton Street #217 is a unicorn so far as new construction north of Market Street is concerned. And this uncommon purchase opportunity is underscored by the fact less than 12 months ago the home was listed at $1,610,000. Did we mention that it also comes with a landscaped patio spanning the full length of the unit and secure on-site parking? The HOA dues are a very reasonable $821 per month.

Floor plan rendering courtesy of fulton555sf.com.

 

Worthy of mention as well, 555 Fulton Street #323 has been relisted at $699,000 — a formidable discount of almost 30 percent from earlier this year and now also less than $1,000 per square foot. While the 1-bed/1-bath unit does not come with private outdoor space or parking, it does enjoy bright south-facing city views over a charming brick-paved alley. It also has access to all building amenities including bicycle storage, an attended lobby, owners lounge, and quite possibly the largest rooftop terrace in Hayes Valley. The HOA dues are $681 per month.

 

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