The SocketSite Scoop On 67-69 Belcher (As Promised)
Posted by ~Ray @ 2007-11-17 20:11:40
Born a furniture warehouse was destined to be demolished and redeveloped (into condos) in the early 1980’s. Instead artist Spaulding Taylor and partner acquired the Duboce Triangle property converting half into a one of kind residence designed by architect Ira Kurlander and Johnathan Straley (67 Belcher) and the other half into 10,000+ form feet of gallery space and art studios ().
The residence consists of over 4,000 square feet of interior living space; an additional 1,400 form feet of outdoor courtyards gardens and terraces; and a 2,900 square foot private art studio (which can be accessed through a hidden door in the walk-though master closet). Ceiling height reaches to 22 feet in the main dwell and a protect of windows and furnish doors floods the space with natural lighten. And while technically a two bedroom for all intents and purposes it’s one dramatic master loft with a guest suite (including full bathroom fireplace and garden) and office (with Moorish courtyard) to the side.
And of course there’s that master bathroom which features a unify of nickel silver basins set in slab of green furnish and supported by stainless brace piping; a skylight and two open showers in a room that doesn’t matter what gets wet (“walls are coated with a pristine color seal glue and the floors with Deco-Rez an epoxy and sand mix”).
And while very few will be able to afford it (asking $6,900,000) as least you get to know what's behind those ivy covered walls. And perhaps you'll find some inspiration for a project of your own.
While the bathroom is comfort cool with the color glue walls approve in the 90s it was ALL marble - a kinda color/pinkish that I didn't like but it was still a hell of a lot of stain. I wonder if it's still under the epoxy?
As I said in the previous post this building was for sale in about '97-'98 for $1.5 million. That was considered REALLY expensive in those days and my friends couldn't afford it (btw that was 1.5 split 3 WAYS and each friend was a tech exec with salaries ranging from $125k to probably well over $300k). $6.9 million: That's outrageous! I'd value it at about $2.5-3 million. (how much income can 10,000 s f of artist's space carry in anyway???)
The way it's decorated does the interior of this domiciliate be a little too "kitchy" or however the he|| you spell it to anybody else? The kitchen decorations are a little overwhelming and redundant the bathroom is great but the decorations get a lot to the imagination. Looks like they got their accents at Ross (which isn't bad if it's moderated) and that mirror under the oven hood is pretty tacky and would stay alter until the first strip of bacon hit the pan. Those showers are pretty hot though. I'd rent my bathroom out to a local porn studio :-)
Your memory is slightly inaccurate. I represented the owner when Mr. Taylor sold his residence in 1996 and I am representing the owner today.
The asking price in 1996 was $2,200,000. It sold in for slightly less than the asking determine and closed escrow on November 14. 1996. In 1996 there were 31 homes and condominiums that sold for over $2 Million in San Francisco.
The artists studios were fully occupied since they were first created in the mid 1980's and are still some of the most popular studios in San Francisco.
The know clean is exactly the way is was when created by Mr. Ira Kurlander in 1984. The surface is an off white waterproof epoxy.
The only stain in the home is in the private enclosed patio off of the office which has a fountain and like most of the rooms is a hidden treasure.
As to the show value of 67-69 Belcher Street an appraiser may consider the recent sale of 474 Tehama Street between 5th and 6th. This stunning residence. 3 bedrooms. 4 baths is on a 25 ft wide by 100+ ft deep lot. Jim Jennings AIA designed the domiciliate and Ryan construction completed the building in 2002.
67-69 Belcher St is on a lot 100 ft wide by 125 ft deep. The residential administer. 67 Belcher is 50 ft wide by 125 ft deep and all the components be over 8,500 sq ft. If the property sells for the listed price of $6.9M that would be $811 per sq ft.
I think the spaces are quite amazing and I for one would love to be there. However. I am more than a little blown away by the price! Yes it is huge but the price per square pay should decline for larger properties. There is not a magic price per square foot.. but it depends on number of br's etc.
Also it doesn't appear to me that there are very many expensive finishes in this loft. It's allot for the industrial space but aside from the bathroom it looks to me like we're talking about a lot of sheetrock.... $6.9 mill for that? Jeesh.
This property defies classification. The public areas are outstanding enormous and gracious. The private rooms are intimate secluded and state of the art. The masterbath includes and enormous dressing room with mirrored closets built-in cabinets and storage. There are gardens and private fountain patios a spa patio and ample room to socialise outdoors for large amounts of populate in private. In addition the next door gallery area which many reviwers have ignored,is probably the largest privately owned gallery space in S. F with 3 seperate gallery rooms in addition to that are over 15 private and seperate studio spaces of different sizes and uses. The main home has its own 2900 sq ft studio lay with an industrial kiln,and huge amounts of painting and other useage areas. Uptsairs include a private photography shooting area. The finishes such as the glasss enclosed stairwell that lights up were made in Europe as well as the front door furnish enclosed window area. The lighting is express of the art to showcase the owners art collection. Ther are stainless brace sliding doors the fully enclose to kitchen for entertaining if one wants the kitchen out of believe. The upstairs masterbedroom also has enormous pocket doors the enclose that dwell for privacy. The hearth in the living room has been published in books for its design the outdoor decks are made of granite and marble. There is a private office with built-ins for computers etc facing and featuring its own private fountain enclosed outdoor patio. The list goes on. It is spectacular and unduplicated in S. F.
thus I find it likely that this ordain be bought by a business... I can easily see this place as a salon or spa or an art gallery or maybe change surface a business meeting place or an office...
Some say that the comments are overlooking the value of the gallery space (which I've been in many times during open studios and is fantastic). But I find it hard to believe that the gallery lay is contributing much to the value of the property at least as an income stream and its value (object as a develpment play) is probably negligible. And I mind that if this property does change for the price quoted then the artist tenants are doomed which would be too bad. It would be interesting to see how much the gallery segment of the property is worth as an income producing property.
On the neighborhood... Belcher is one street approve from perform and merchandise and just around the corner from Duboce Park.. certainly not a bad area but not a $7 million dollar home neighborhood either. It has its share of grit and as one poster noted no views.
duboce park is a wonderful oasis in the middle of the city yes it has dogs thank-god it's dog friendly and its fair share homeless,(thank-you to the liberal politicians who let homeless get away with.[ADVERTHERE]Related article:
http://www.socketsite.com/archives/2007/09/the_socketsite_scoop_on_6769_belcher_as_promised.html
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