I’m going to keep quiet on this and do as this reader suggests…”let the readers decide”.
This listing [2566 23rd Ave.] in SF’s Parkside caught my eye.
Bought in March for $1.04M (expensive for Parkside), this home was flipped and is now back on the market for $1.6M!
Seems outrageous to me, but let the readers decide.
Okay…I can’t keep quiet. This area of Parkside is not like what you’d expect of the “Parkside”. The homes are much different, and much nicer than most. Many have great views, which add a good bit of value (in the fall ;-) ) Looking at comps it’s actually priced spot on for average price per square foot, but in my opinion that’s too high. It’s the most expensive home in any recent comp and the market is in a dicey phase. I’d expect a sales price in the $1.3M’s, but I’d like to get inside before I’m held to that prediction. I’m going strictly off comps and pictures…not good medicine.
-2566 23rd [redfin]
-Parkside [sfnewsletter’s Tour de San Francisco (real estate)]