It’s a week worth celebrating at The Parkside as nearly one-third of its available inventory went under contract in just the past seven days. The uptick in activity comes on the heels of the benchmark 30-year fixed mortgage interest rate falling to a four-month low — a welcomed turn of events for home buyers getting a head start on San Francisco’s typically robust springtime market. And, as the 13-unit adaptive reuse project speeds toward sell-out, the sales team just raised prices for remaining condominium homes.

2418 20th Avenue #108, one of three remaining 2-Bed/2-Bath condominiums at The Parkside, is now offered for sale at $900,000, reflecting a $20K increase effective 7 February 2022. Subject property listed and marketed exclusively by cooperating broker Compass. Images above courtesy of SFAR MLS.

While virtually every new development in San Francisco is struggling to attract buyers, The Parkside‘s progress is truly remarkable. Perhaps its success lies in the rarity of what it offers in a neighborhood comprised overwhelmingly of single-family homes. Maybe it’s the special appeal of a storied historic building which caters to modern demands. Or, possibly, it all comes down to the attractive pricing which is almost entirely under $1,000/sqft and tops out at $1.1 million for the largest three-bedroom unit.

Four months since its debut, here’s where things stand at the former movie house:

 

SOLD

› Unit 105: 1-Bed, 1-Bath, approx. 546 square feet, listed and sold at $600,000

› Unit 108: 2-Bed, 2-Bath, approx. 955 square feet, listed and sold at $900,000
 

UNDER CONTRACT

› Unit 101: 2-Bed, 2-Bath, approx. 1,048 square feet, listed at $945,000

› Unit 107: 2-Bed, 2-Bath, approx. 955 square feet, listed at $925,000

› Unit 206: 3-Bed, 3-Bath, approx. 1,138 square feet, listed at $1,050,000

› Unit 207: 3-Bed, 3-Bath, approx. 1,221 square feet, listed at $1,095,000

› Unit 208: 3-Bed, 3-Bath, approx. 1,217 square feet, listed at $1,095,000
 

ACTIVE

› Unit 102: 2-Bed, 2-Bath, approx. 955 square feet, listed at $900,000

› Unit 203: 3-Bed, 3-Bath, approx. 1,221 square feet, listed at $1,075,000

› Unit 205: 2-Bed, 2-Bath, approx. 802 square feet, listed at $795,000
 

AVAILABLE OFF-MARKET

› Unit 103: 2-Bed, 2-Bath, approx. 959 square feet, inquire for price

› Unit 106: 2-Bed, 1-Bath, approx. 886 square feet, inquire for price

› Unit 202: 3-Bed, 3-Bath, approx. 1,217 square feet, inquire for price