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1 Montgomery Street

1 Montgomery Street, San Francisco, CA 94104
Local assessors in San Francisco, CA have categorized 1 Montgomery Street as a office type of property. The home was built in 1908 and is 116 years old. The property's lot size has been calculated to be 12,000 square feet. The linear feet between the front and back of the lot was measured at 1,600 ft and the front of the lot was measured at 750 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1 Montgomery Street has a total of 30,470 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 1 Montgomery Street is a 1 code building. This code stands for "buildings that have fireproofed structural steel frames carrying all wall, floor and roof loads. The walls, floors and roof structures are built of non-combustible materials.". It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1 Montgomery Street sold most recently in Dec 9, 2022 for a total of $57,130,402. If you work out the math, that's approximately a cost of $1,874.97 per sqft. Before that, the property was also sold for $82,000,000 in Jun 2, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $564,719 in taxes each year. 1 Montgomery Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $48,485,607. If we break it down further, the land itself was valued at $33,939,925. Improvements to the property, however, were assessed at a total of $14,545,682. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Concrete
  • Floor Count: 2
  • Business/Commerical Units Count: 2,712
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 750
  • Total Building Area: 30,470
  • Gross Building Area: 30,470
  • Building Area: 30,470
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 30,470
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof structural steel frames/Non-combustible materials
  • Property Class: Office
  • Subdivision: PORTION OF 50 VARA BLOCK 75
  • Land Acres: 0.276
  • Standard Land Use Code: Financial bldg

Ownership

  • Current Owner : ONE MONTGOMERY PROPERTY OWNER LLC
  • Previous Owner : REDCO MONTGOMERY OWNER LLC
  • Owner Before Previous Owner: ONE MONTGOMERY OWNER LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: San Francisco Unified School District
  • Census Tract: 011700

Zoning

  • Zoning: C3O

Geography

  • Parcel: 0292-002
  • Block: 292
  • Lot: 2
  • Latitude: 37.7892
  • Longitude: -122.402

    Address

  • Full Address: 1 Montgomery St
  • Address - House Number: 1
  • Address - Street Name: Montgomery
  • Address - Suffix Type: St
  • State: CA
  • City Name: San Francisco
  • Carrier Code: C012
  • 4-Digit Zip Code: 4503
  • Zip Code: 94104

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $564,719
  • Tax Rate Code Area: 01-000

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $44,000,000
  • First Open Lien Mortgage Lender: TEXAS CAPITAL BANK
  • First Open Lien Mortgage Recording Date: Dec 13, 2022
  • First Open Lien Mortgage Loan Amount: $44,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,485,607
  • Assessed Land Value: $33,939,925
  • Assessed Improvements Value: $14,545,682

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Dec 13, 2022
  • Current Sale Transaction ID: 11900150990
  • Current Sale Price: $57,130,402
  • Current Sale Document Type: Deed in Lieu of Foreclosure
  • Current Sale Input Document Number: 110918
  • Previous Sale Recording Date: Jul 02, 2019
  • Previous Sale Contract Date: Jun 02, 2019
  • Previous Sale Amount: $82,000,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: TEXAS CAPITAL BANK
  • First Mortgage Transaction Date: Dec 13, 2022
  • First Mortgage Loan Amount: $44,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: SM FINANCE II LLC
  • Previous Mortgage Transaction Date: Jul 02, 2019
  • Previous Mortgage Loan Amount: $65,112,125
  • Previous Mortgage Loan Type: Commercial

About Northeast San Francisco



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Frequently Asked Questions

What neighborhood is 1 Montgomery Street located in?
The 1 Montgomery Street is a located in the neighborhood of Financial District in Northeast San Francisco, San Francisco.
What is the average sales price for listings in 1 Montgomery Street?
The average sales price for units in 1 Montgomery Street is $0 currently.

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