Hot Property: Life in the heart of The City

Sometimes, “urban renewal” is done the right way, and new buildings transform quiet downtown streets into thriving neighborhoods. Such is the case with 199 New Montgomery St., a downtown San Francisco high-rise completed in 2004.

“It’s not just a condo building on the corner,” said Amanda Sharp of Paragon Real Estate, listing agent for 199 New Montgomery St., No. 401, on the market for $739,000. “You’re within walking distance of everything The City has to offer.”

The unit, she says, is unique because of its size. With more than 1,000 square feet, it is very large for a one-bedroom-plus-den floorplan. “Many people in the building have converted that den to a second bedroom,” she said. “It has its own closet.”

The home boasts a high-end kitchen, including Bosch and Jenn-Air appliances, and California closets organizers. It is a corner unit with large windows and an East-facing neighborhood view. The owners, a designer and her accountant husband, purchased the home from the developer in 2004. “They’re the picture perfect couple for living right downtown,” said Sharp.

The building was designed by Heller Manus, a San Francisco architectural firm involved in many downtown buildings, including the Metropolitan and 201 Folsom St. After they worked on nearby 246 Second St., they decided to build on what had traditionally been a downtown block absent of all residential development.

The result is 199 New Montgomery St., which has been very successful in drawing the coveted “young professional” crowd to downtown. Some owners have rented units to students at the nearby art school, giving the building an artsy feel to match the Albert Paley sculpture in its lobby.

“It’s a great lifestyle,” said Sharp. “They can walk to work, use public transportation. It’s close to Westfield, Yerba Buena, movies …”

199 New Montgomery, No. 401, will be open Sunday from 2 to 4 p.m.

Where: San Francisco

Asking Price: $739,000

Property Tax: $9,607*

The Property: Large (1,067 square feet) 1 bedroom plus den, 2 bathroom, Financial District high-rise corner unit condo; one-car parking included.

Notable: Downtown and near BART, Metreon, Yerba Buena Center, Embarcadero, Market Street; gourmet kitchen, hardwoods, large windows, closet organizers; large shared roof deck with barbecue facilities.

Agents: Amanda Sharp, (415) 738-7039 and Laura McNabb Gray, (415)-738-7075, Paragon Real Estate Group.

*Estimate based on 1.3% of asking price.

OTHER HOT PROPERTIES

Where: San Francisco

Asking Price: $749,000

Property Tax: $9,737*

The Property: 2 bedroom, 1 bathroom, circa-1890 Noe Valley condominium with 1,003 square feet, open living/dining area and one car parking.

Notable: Great location, just off of 24th Street in Noe Valley; recently remodeled bathroom and upgraded kitchen, beautiful hardwood floors; decks.

Agent: Beverly F. Barnett-Escamilla, Pacific Union/GMAC Real Estate, (415) 929-7100.


Where: South San Francisco

Asking Price: $749,000

Property Tax: $9,737*

The Property: 1,970 square foot home with 3 bedrooms and 2 bathrooms on 4,500 square foot lot. Built in 1953.

Notable: Lots of home for the money, and very clean; very close to San Bruno Mountain and Cypress Golf Course; open beam ceiling in family room and fireplace in living room.

Agents: James Barientos, Prudential California Realty, (650) 692-0111.


VACATION HOME

Where: Clear Lake Oaks

Asking Price: $750,000

Property Tax: $9,750*

The Property: 2 bedroom, 1 bathroom, 1,134 square foot lakefront home built in 1956; view of Mt. Konocti; two-car garage, decks.

Notable: Includes own pier, private natural beach, Seadoo dock and electric boat lift.

Agents: Janis Maschek, Shoreline Realty, (707) 998-1137

lrosen@examiner.com

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