One Square Foot in this Russian Hill Eichler Condo is Worth More Than You Pay in Rent

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The Summit strikes again: a 1,960 square foot condo on the 31st floor of the iconic Eichler tower in Russian Hill sold for $4,350,000 this June.

Betty Brachman, a top selling single family home and condo agent in San Francisco, sold the condo at asking price. The $4.35 million asking price, while not as high as the $6.8 million house of mirrors, means that each square foot of the unit is worth $2,219.

Joseph Eichler, a real estate developer, built iconic homes and buildings throughout Northern and Southern California in the mid 20th century. His midcentury modern style was inspired by Frank Lloyd Wright, an architect who designed work like the Fallingwater house in Pennsylvania and the Guggenheim Museum in New York. Eichler’s houses are typically ranch styles with a high or low triangle roof and an open glass facade.

The Summit, the complex that houses the $4.35 million dollar unit, is a rectangular skyscraper with a beige central concrete column that divides the building in half. You’ll find resemblance between the facade of Eichler houses and this building in the two walls of windows that make up the four corners of each unit. San Francisco’s elite own property in the mid century modern beaut–its units have sprawling views of the city.

russian hill expensive house
Source: (Pacific Austin / Unsplash)

Unit #3104 of 999 Green Street is a 2 bed, 2.5 bath stunner with hardwood floors, two walls of windows, and views of the San Francisco bay and Transamerica building. The master bedroom has two closets (who needs views when you have room for your shoe collection) and there’s extensive living and dining space in the open floor plan.

You’ll have a home office, but get out your elliptical and yoga mats because you also have an exercise room. Pilates party, anyone? HOA dues are a whopping $1,659 per month.

That means that just one foot of the place is more than you pay in rent for your tiny San Francisco apartment. You could probably fit a toaster in that space. Or a corner of your bed. Either way, this condo in The Summit is one to aspire to.

expensive housing market in san francisco
Source: (James Forbes / Unsplash)