Bettin’ Fools

[Update 6/18/07: $296,000 Price Reduction]

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2340 Larkin #2 hit the market this week (asking $2,295,000). It is a 2 bed, 2 bath, 2100 square foot condo in Russian Hill, and we’re bettting it’s sold (or at least in contract) before the end of the month.

Yeah, we know, the market is horrible, prices have come down, buyers have split for the East Bay (See reason we live here #5), or even points further east, but we’re bettin’ it’s gone before we even remember to update you. Care to wager with us?

It was purchased three years ago for $1.4MM. We leave the math to you.

-Doom & Gloom [sfn BLOG]

-2340 Larkin #2 [property details, MLS, link expires in 30 days]

-Reasons we live here [sfn BLOG]

-Update 6/5, still on the market [theFrontSteps]

Reason we live here #5

NO COMMUTE

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“Huge leaping flames from an exploding gasoline tanker melted the steel underbelly of a highway overpass in the East Bay’s MacArthur Maze early this morning, causing it to collapse onto the roadway below and virtually ensuring major traffic problems for weeks to come.”
“It will put more traffic on the San Mateo Bridge, the Golden Gate and the Richmond-San Rafael bridge.”

We’re bettin’ a home in the city just got a lot more attractive to tens of thousands of commuters.

Tanker Fire Destroys Part of MacArthur Maze, 2 Freeways Closed Near Bay Bridge [sfgate]

Comparison Shopping On the sfnewsletter

This:
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Prime Bel-Air Estate, Offered at $16,500,000

Plus this:
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Santa Ynez Valley Chateau,Offered at $19,750,000

Plus this:
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9342 Sierra Mar, Offered at $11,500,000

And you might as well throw in this:
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9038 Wonderland Park Ave, Offered at $2,500,000

Ahh…what the hell, this too:
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1515 Bel-Air Road, Offered at $4,495,000

Equals this:
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$55,000,000 (asking) San Francisco landmark (2901 Broadway), that is indeed now officially on the market, as we said it would be back in July of 2006.
And since you are here, you might as well do a drive by.

-2901 Broadway as Decorator Showcase [sfn BLOG]
-$55,000,000 (asking) San Francisco landmark (2901 Broadway) [SFAR MLS]

Ellis Act a la SB 464: cut/paste

Last week, we posted about the new Senate Bill designed to hose landlords and property owners, and we had quite a bit of traffic to it. There is a bit of buzz about it out in the blogosphere, so we thought we’d do yet another cut/paste of an email that showed up in our inbox just today (been outside for a while and no time to post) from the California Association of Realtors. Happy Reading!

“SB 464 (Kuehl) which forces landlords to stay in business for at least 5 YEARS and requires that landlords give ALL tenants a ONE YEAR notice of termination of tenancy, should ANY tenant be a senior (62 years of age or older) or disabled. C.A.R. opposes SB 464 because it is an outrageous attack on private property rights and because it will cause fewer rental units to be available to families who need them.
SB 464 will be considered by the entire Senate as early as Monday, April 29th.
ACTION ITEMS

Continue reading Ellis Act a la SB 464: cut/paste

Hurry up…and wait

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2214 Clay…one day showing…one offer…rumored to be going over asking (go figure) from a $4,998,000 asking price…now we wait to see the outcome.
The vitals: 6 bed; 5 bath; 4989 square feet; built in 1890; $1001/ppsf; horrible colors in the living room, and definitely not my tastes for interior decorating (opinion!), but other than that it is a great house with all the amenities.
The selling points (again…opinion): “sits on a gated, double lot, with a separate carriage house & 6+ parking”; zoned RH-2, near Lafayette Park.

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-Property Details [mls]
-2214 Clay [Coldwell Banker Previews]