Maximum Overbid Of The Week: 430 Noriega Gets $725,000 Over

There is a little something I used to do back in 2003 thru 2008 (mostly on what was then sfnewsletter), then the market tanked, and so too did The Maximum Overbid Of the Week. Alas! It has returned. At the request of some long time readers, I present 430 Noriega:
Noriega
A wee little four bedroom home in San Francisco’s Golden Gate Heights that hit the market asking $1,300,000, and promptly sold for $2,025,000, a mere nine days later, and $725,000 extra. Buyer and seller represented by the same agent on this one. Not bad. Not bad at all.

For the record, Curbed beat me to the punch on this scoop, so check out what they had to say too.

[Update: Steven L writes in the comments, "Since you note that Curbed beat you to the punch, couldn’t you also have noted what one of the commenters over there said? “This is a little misleading at best. There were 2 adjacent lots valued at 300K each that were attached to the sale. The total asking price was really $1.9M and a sale price of $125K over that isn’t that big of a stretch.”]

Are you a would be seller? Let’s talk about putting your property on the market, and helping you go out on top.

-Golden Gate Heights Abode Gets $725k Above Asking [Curbed SF]
-The Maximum Overbid Of the Week [theFrontSteps]

Telegraph Hill Neighbors: “Our Opposition Is Unconditional”

Ahhh….neighbors. You love ‘em. You hate ‘em. You can’t live in San Francisco without ‘em, and you certainly can’t easily remodel a home to today’s standards without opposition from them. Check out what just hit our inbox:
telhill1small1
If, for some reason, you can’t see the letter, which we uploaded as an image, we’ll go ahead and tell ya what it says:

Dear Mr. [deleted]:
We are neighbors on Telegraph Hill who will oppose any changes to the building envelope at [deleted] owned by [deleted] in this historic district of Telegraph Hill. While the Hill has suffered through renovations in the past, projects such as yours have occurred with extreme environmental changes. Water drainage issues on Telegraph Hill regarding a nearby project created unfavorable slope instability–buildings have been lost and a large boulder ended up on Sansome Street. Additionally, neighbors on [deleted] and surrounds are tired of construction noise and delays in completion caused by projects such as yours. A recent project took 10 years and is still incomplete.

Telegraph Hill is a historic district whose character depends upon building ownership which understands the value of building enhancement not as building expansion, but building enhancement as careful care in keeping up properties in their historic dimension. We find your application to be sadly ignorant of the need to abide by the common elements vital to the neighborhood and its character.

Your proposal to enhance the property needs to be cognizant of the historic preservation without additional elevation or facade changes in all directions. Projects like yours have been attempted in the past and have turned out badly.

While we many of us may be away during your pre-application meeting time, please understand that our opposition is unconditional.

Sincerely,
Your neighbors and friends on Telegraph Hill
[Thirteen names deleted]

Just another bump in the road for a developer out there trying to bring a home that has sat vacant since WWII (yes, that long) into our housing stock…before it falls off the hill or gets consumed by the pests and rodents feasting on its rotting self. But Hey! It’s “historic”.

[Update: We're told none of the authors of this letter took the time to actually visit the property at the open house outreach, and none have contacted the developer, or the architect (aside from this letter) to begin a dialogue of constructive or courteous negotiations.]

You gotta love San Francisco and all the righteousness it preserves…

-Telegraph Hill Landslide forces 120 from homes… [SFGate]
-San Francisco Neighborhoods prone to liquefaction…[theFrontSteps]

John Muir Would Be Proud & Your Hipster Friends Would Be Envious

Nestled among old growth Redwoods practically smack dab in the middle of Napa and Sonoma, this property is your ticket out of the city, and into serenity.
redwoodrd

Picture yourself walking among old growth Redwoods, coffee in hand, the sound of a creek rustling by, deer crossing your path, sun shining through the towering trees, a warm breeze blowing by, and nobody around…for miles. No taxis, no buses, no trash, no fog, no nothing…just nature. Sounds great, right? Here’s the catch.

4520 Redwood Road, Napa, CA (45)

It needs work…quite a bit of work. BUT! With a little creativity, vision, and patience, 4520 Redwood Road, Napa could be made into your very own, unique, escape, different from all of your friends’ typical Napa or Sonoma Vineyard homes.

For $275,000 you could practically steal the property, tear down the structure, go minimal by throwing up a pre-fab,
enovo-modular-homes-1

or shipping container made mostly of glass, put your bathroom in the woods (surround it in glass too, nobody will see you), put a “Beware of Dog” sign on your very own bridge (even if you don’t have a dog), and live the life you simply can’t do here in San Francisco. Secluded. Away. Off the grid.

John Muir would be proud of you for escaping the city and living in the woods. Your friends would envy you. AirBNB or VRBO could fund you. And your hipster status would be off the charts!

And when you get tired of it…it’s only an hour’s drive to come back.

Ahh…serenity now…

-4520 Redwood Rd, Napa, CA $275,000 [MLS]

Mission Creek Buyer Finally Gets Offer Accepted…Couldn’t Be Happier

Without Alex, I don’t think I would have gotten my home. After several months of looking, multiple offers, and no success, a friend brought up Alex’s name as he specializes in pocket listings. It was apparent the day I met him that he would work hard for me and be more engaged in my search for a home. In a competitive market, Alex made sure that even if my offer wasn’t accepted, there was still an opportunity to get that home. After a year of searching, I purchased a condo that is basically everything I wanted and I am extremely happy.
-Prakash

Thanks Prakash!

And thank you Editors of Curbed for the referral. Always happy to help your readers!

1 Ecker (16 Jessie) Sellers Very Happy With Their Sale…Who’s Next?

It’s been busy…so let’s share some testimonials, get back to blogging, which in turn will create more testimonials. Sound good? Cool…

Alex knows the San Francisco market very well. This helped us, as sellers, to understand what different buyers value and what to expect. He is also adaptable and efficient. Our sale was the first resale in a new condominium, but Alex did not let that slow things down. He successfully navigated the administrative overhead of the situation. In addition, when we sold our home, privacy was of absolute importance. To meet our needs, Alex came up with an agent-first marketing approach that leveraged his pocket listings network (PocketListings.net). He also used social media (Facebook, Twitter, theFrontSteps.com Blog) to get the word out before and after our open house. In under a month from initial contact, even over the seasonally slow Christmas holiday, Alex obtained multiple offers for us. He then helped us identify the most suitable buyer, which ensured us a fair price and a smooth close. We would highly recommend working with Alex for anything real estate in San Francisco.

-Milla and Chad

[Editor's note: Links to websites were added by us.]

Thanks guys! Glad it worked out so smoothly for you, and the buyer. And very happy we were able to navigate all that “administrative overhead”…nice way to put it.

Sellers, let’s get your place on the market! We not only need the inventory, but you stand to make substantial gains.

San Francisco Real Estate Recently Listed, Recently Sold

Ever see a For Sale sign pop up down the street and wonder what’s the scoop? Ever see that same sign wearing a “Sold” sticker in the blink of an eye, and wonder what it sold for? Wonder no more, and get yourself on the list.

San Francisco Real Estate

This newsletter makes it easy for you to track listings and sales in and around your property from the comfort of your home, without ever having to contact a Realtor to get the deets. It’s brilliant! If you’d like this report sent to your inbox every other week, drop a line (alexclark@gmail.com), and get on the list.

-San Francisco Real Estate Market Update, Recently Listed, and Sold Properties