461 2nd St APT T557, San Francisco, CA 94107

1 bed, 2 baths, 1,812 sqft
Sold: $1,445,000
Sold on 04/21/14
Zestimate®: $1,415,096
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Designer Loft with Water Views in Converted Warehouse When you live in the Clocktower lofts, you can have city living at its best. The perfect blend of luxury and rich historical character creates a unique view loft space in the heart of South of Market. With impressive southern views featuring outlooks of the Bay, this historic loft has a distinctively industrial feel while incorporating both natural elements and modern design. Masterfully renovated by Olle Lundberg of Lundberg Design, this live/work loft creates an environment that remains equally sensitive to both aesthetics and functionality. Loft 557T is truly an original masterpiece. Strength meets style at this iconic warehouse loft conversion, where you'll find modular furniture, reclaimed Douglas fir flooring built to last, original concrete walls and mushroom cap pillars, premium appliances in the gourmet kitchen, and 1,812 sq. ft. of living space (per tax records). The highlight of the home is the water views, which are very rare for a loft conversion building. In addition to the south-facing wall of loft-paned windows, military gun articulators were refitted with mirrors that further capture the views of the Bay. Another major design feature is a square elevated platform that is positioned at an angle, separating it from the rest of the living space. This "meditation raft" is made of muriatic acid-treated steel and covered with multiple coats of wax to make the surface soft and tactily pleasant. It is surrounded by river stones loosely laid out on the existing concrete floor. The industrial kitchen is massive and unpretentious, perfect for the professional or at-home chef. The kitchen features a commercial-quality Hobart refrigerator, stovetop solar speed radiant burners by Creda, a Kitchenaide dishwasher, and a separate freezer and wine refrigerator. Upstairs, a master bedroom mezzanine overlooks the downstairs area. A translucent glass desk cantilevers over the living area, opening up more space in the bedroom. A master bathroom with a step-in shower, dual vanity, and large walk-in closet completes the second level. Most impressive in the chameleon-like loft is the versatility of the space?furniture is adaptable and movable for both working and entertaining. Office furniture is on wheels and can be tucked away for impromptu dinner parties. Nesting tables can be extended to provide an extra working/dining surface. The Murphy bed in the dining area has a purposefully exposed steel channel frame and an attached table that can fold up or down when necessary. Additional features include a powder room, excellent closet space and storage, a full-size side-by-side washer/dryer, and garage parking, as well as access to the building's palm tree-lined courtyard and a roof deck with views of San Francisco. The Clocktower building was originally constructed in 1907 for the Max Schmidt Lithograph Corporation, a printing firm that designed and produced the classic California fruit box labels and posters for the Panama Public International Expedition. The concrete, brick, and timber structure was renovated into 127 live/work lofts resulting in a rich variety of unique unit types particularly suited to the emerging lifestyle. The building, an amalgamation of four phases of construction in timber, masonry, and concrete with a 10-story steel frame clock tower, provided the opportunity to create the environment of a "district" as opposed to that of an apartment complex, resulting in a rich variety of unique interiors; no two units are alike. South of Market, known for its diverse and modern architecture, is one of the city's most fashionable and desirable neighborhoods. The Clocktower is in a prime location in the heart of the city where there are upscale restaurants, South Park, art galleries, cultural attractions, AT&T Park, and some of the best shopping and entertainment venues San Francisco has to offer.  MoreLess
 
Facts
  • Multi Family
  • Built in 1907
  • HOA Fee: $643
  • Last sold: Apr 2014 for $1,445,000
  • Price/sqft: $797
Features
  • Flooring: Carpet
  • Parking: 1 space
  • View: City, Water
Room Types
  • Laundry room
Construction
  • Roof type: Other
  • Structure type: Contemporary
  • Unit count: 127
Other
  • Floor size: 1,812 sqft
  • Parcel #: 3764 186
  • Unit floor #: 0
  • Zillow Home ID: 15148115
Home Values
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$1,415,096
+$15,024 Last 30 daysd
$1.22M
$1.61M
Zestimate range
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$4,763/mo
+$23 Last 30 daysd
$3.3K
$7.5K
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Neighborhood for 461 2nd Street APT T557

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Zillow predicts South Beach home values will increase 5.7% next year, compared to a 6.2% rise for San Francisco as a whole. Among South Beach homes, this home is valued 24.8% more than the midpoint (median) home, but is valued 28% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the South Beach market, the number of foreclosures waiting to be sold decreased 7.8% in the last year. The number of unsold foreclosures is 85.7% higher than in San Francisco, and 80.6% less than the national average. This higher local number may prevent South Beach home values from rising as quickly as other regions in San Francisco.

Learn more about forecast calculations or South Beach home values.
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