Coveted Duboce Triangle Condo Nears Its 2015 Price

Aug 12, 2023

Purchased for $2.1 million in April of 2015, the “elegantly modern & smart” full-floor condo #2 at 68 Belcher, with three bedrooms, three baths and a private rooftop deck with panoramic views on a tree-lined street in coveted Duboce Triangle, returned to the market priced at $2.45 million this past April.

While the nearly 2,100-square-foot unit, a measurement which doesn’t include the condo’s 700-square-foot rooftop deck nor its deeded parking space with a charging station in the building’s garage, has been updated a bit over the past 8 years, including a light kitchen makeover, the re-sale will effectively be apples-to-apples.

And having been reduced to $2,350,000 in May and then to $2,299,999 in June, the asking price for 68 Belcher Street #2 is now down to $2,150,000, an “at asking” sale at which would represent net appreciation of just 2.4 percent since the second quarter of 2015 on an apples-to-apples basis while the widely misreported index for San Francisco condo values is “still up 24 percent!” over the same period of time.

If you think you know the market for coveted Duboce Triangle and/or contemporary condos that are “bigger than many single family homes,” now’s the time to tell.