Month: May 2007

170 Off Third, Sales Update

We’ve been told that 170 Off Third has placed over 99 of their 198 homes into contract (50%) since they began accepting deposits in early March. (Sales office opened March 10th.) That’s pretty impressive, to say the least.  –Pricing and Scoop for 170 Off Third [sfn BLOG] –Art Selling Condos at 170 Off Third [sfn … Continue reading 170 Off Third, Sales Update

149 Mangels…Still a Story, but Not a House (Demo begins)

The media is having a field day with this one…as expected. We are too. ;-) And of course we’re waiting to see who spins this into a “the market has crashed” metaphor. Hopefully, this will uncover a lot of the red-tape necessary to get anything accomplished with regards to renovating or doing any work to … Continue reading 149 Mangels…Still a Story, but Not a House (Demo begins)

Fast Track to Staledom ™: an update on 1110 Fulton

On April 11th, we told you about 1110 Fulton, and how we liked it, and thought it wouldn’t last at the then reduced price of $975,000 from $989,000. We were wrong. It has been reduced yet again to $959,000, and now…well…it’s on its way to our coveted list of Stalefish ™. A sign of the … Continue reading Fast Track to Staledom ™: an update on 1110 Fulton

3711 Clay…and Another Heart Broken

This just hurts, because anytime you have someone with $3MM cash burning a hole in their pocket that they’d like to dump into…well, a dump, you gotta shake your head in disbelief when the property is just not there for the taking. But then the shining star, 3711 Clay (maybe not totally shining) comes along … Continue reading 3711 Clay…and Another Heart Broken

Letter to the Editor

“More on my favorite theme: Money Quote: ‘How bad can traffic in American cities get? Los Angeles’s long-range transportation plan is a grim look at the future. By 2025, Los Angeles County is projected to have 3 million more people, which could prompt a 30 percent increase in car trips. At that rate, the report … Continue reading Letter to the Editor

149 Mangels…Before, After, and What Could Have Been

Before: After: What could have been: We can’t emphasize enough, the importance of inspections, and hiring qualified professionals to do renovations for you. Sold in December 2006 for $524,250, and yes…it was overbid from $399,950.  What a shame.  A total and complete shame.  So sad.  –Home Collapses in Sunnyside Neighborhood in SF [sfgate] –Getting Back Your … Continue reading 149 Mangels…Before, After, and What Could Have Been

A Very Simple Explanation of the Complex 1031 Tax-Deferred Exchange

We recently received a few questions about 1031 Exchanges, and the short answer…they’re pretty simple, but also complicated. ;-) How’s that for a politician’s answer? Joking aside, we thought this brief description from The Money Alert was pretty good. “Established for real estate barons and tycoons, 1031 exchanges have been around since the 1920s. Named for … Continue reading A Very Simple Explanation of the Complex 1031 Tax-Deferred Exchange

It’s Madness! (no, not the band)

By now you’ve probably heard about 3840 Clay (pictured above), the Pacific Heights fixer that was asking $3,000,000 and sold for $4,020,000 in less than a blink of an eye. (In MLS on 4/12, 30 disclosure packages were handed out, offers reviewed on 4/16, in contract 4/19, sold 4/25… we’re told for cash.) The home … Continue reading It’s Madness! (no, not the band)

Start drooling now…a before, after, and First Look at 4065 25th Street

-[Updated:5/15/07] More Fun with 4065 25th St…and a Wager? [sfn BLOG] The address: 4065 25th Street @ Noe The vitals: 5 bed; 3.5 bath; $2,750,000; 2 car parking; south facing yard (key!); radiant heat; 11 foot ceilings; energy efficient design (green) The History: Purchased in October of 2003 for $756,000 (under asking we might add.) … Continue reading Start drooling now…a before, after, and First Look at 4065 25th Street

Soma Grand, First release May 12th, 2007

Just got word of the first release (waiting for details, but scheduled for May 12th) of one of the city’s newest developments, Soma Grand.  Pricings start in the $500,000, and if you’d like to know the skinny, well…we did that a long time ago.  They’ll gladly take that 3% deposit now.  They would have loved … Continue reading Soma Grand, First release May 12th, 2007

Follow up to Senate Bill 464 (Ellis Act)

Following up to our post about SB 464 (legislation that would make the Ellis Act all the more difficult to perform), we learned that even though it was scheduled to come up for a vote on the Senate floor last Thursday, it did not. It now appears that it will be voted upon tomorrow (5/3/07) or … Continue reading Follow up to Senate Bill 464 (Ellis Act)

Some Makeup (a little), Some Elbow-Grease (a lot), Some Action (a ton)

Way back in 1999, the now owners of 1326 15th Avenue saw gold in that thar pink (or is that peach) wreck of a home. Purchased for $490,000 (roughly 10% below asking), it is now a beautiful 5 bed, 3.5 bath, single family/2-unit (depending on how you look at it) and on the market for … Continue reading Some Makeup (a little), Some Elbow-Grease (a lot), Some Action (a ton)