A reader asks about 463 Nevada, a “mid-century modern home completely remodeled in 2001 with great light and views. Perfect home for people who appreciate design and architecture from Dwell Magazine and Design Within Reach.”-agent remarks
i’ve always believed that you can’t lose in SF RE, especially if you wait out the lows because let’s be honest, the lows here, if they even happen, don’t happen for too long, right? Well, my view was challenged recently after seeing a beautiful house for sale at 463 Nevada St in Bernal Heights.
It was completely gutted and remodeled in 2001. While the colors were too bright for my taste (and i think probably most people’s taste) the house itself is a gem with the only work needed to it is to tame those bright colors with a nice coat of paint. Nice hardwood floors, top of the line appliances, 3bd/2ba and a garage..a rarity in SF! :-)
Listed at 950K , I thought the price was steep but then learned that it just sold for 775K. How is that possible?
It gets better. It was listed as 900 something sq feet per tax record [Editor's note: Indeed, 980] but agent claimed it as 1250 which is a somewhat substantial discrepancy.”
We won’t even get into the agent square footage discrepancy as we have absolutely no idea about the property, we’re assuming some remodeling done without permit, and/or tax records are not updated. Who knows. As for the home not selling for $950,000…over-priced. Important to remember, regardless of where properties are priced, the market will always make the comp. Even if the home was listed at $599,000 and it sold for $775,000, the market would set that price. Sounds like a fair price for that home. The price could also have been set by the seller. We really don’t know, unless the agent cares to share some knowledge. Or our readers and Stammtisch care to chime in.
-463 Nevada St [MLS]