Archive for the ‘Lower Pacific Heights’ Category
Tuesday, November 20th, 2007
Since we’re on the subject of beautifully restored 3 bed, 3.5 bath Victorians in Lower Pacific Heights selling in a heart beat for over $1000/square foot, why not take a look at another beautifully restored Victorian 3 bed, 3.5 bath in Lower Pacific Heights, selling almost as quickly, just around the corner, and on one of the busiest streets in San Francisco?
Asking $2,995,000, 2872 Pine came on the market in late October of this year, and is already “pending”, which, for the new readers, means it is pretty much a done deal.
[Update: Check the comments. Kenny has added a couple links to some more Victorians.]
-2872 Pine St. [sfnewsletter.com listing detail]
-Tanking Market? Come Again? “That’s what She said” [theFrontSteps]
Tags: real estate, san francisco, theFrontSteps
Posted in It is Brisk Out, Lower Pacific Heights, Single Family, Victorian, market info, real estate, san francisco, theFrontSteps | 8 Comments »
Monday, November 19th, 2007
She being 1705 Broderick, a 3 bed, 3.5 bath, single family home in Lower Pacific Heights, and the pun being that she just came on the market 10/03/07 for $2,450,000 and just sold for $2,800,000. For the mathematically challenged (that includes us) that is $350,000 above asking (14.29%), a staggering month on the market (MLS shows 15 days, but we’ll add a few for sh*ts and giggles), and a price per square foot of $1,057 for Lower Pacific Heights between Pine and Bush streets.
Argue all you want about pricing, anecdotal information only, it’s the exception not the norm, blah, blah. The fact is, there was more than one person interested in this type of property that had the means to make this type of purchase. Should another home like this come around, what’s going to happen? Keep in mind, this whole sale took place in one of the worst markets our city has seen in years.
If you watch “The Office” you’ll get the “that’s what she said joke”. Regardless, a pretty good sale in a pretty “gloomy” market. We think you’d have to agree.
Tags: Architecture, real estate, san francisco
Posted in Architecture, It is Brisk Out, Lower Pacific Heights, Maximum Overbid ™, Property Type, Victorian, market info, real estate, san francisco | 1 Comment »
Tuesday, October 16th, 2007
I’m going against what I usually do and actually talking about one of my listings. Why? Because there is a good story.
Two years ago, I had this listing at 2185 Bush #315.
I put this place on the market literally a few weeks prior to the peak we experienced in 2005. It hit MLS, the phone was blazing, emails were flying, and the open houses (all two of them) were packed, as were the broker tours. Granted, this property was completely remodeled to the studs and totally out of character for this building, but it is the activity I’m focused on. Long story short, we had multiple offers and it went way over the $799,000 asking and sold for $930,000.
I just had this listing at 2185 Bush #311.
We put it on the market the week before Labor Day, in other words just as the Mortgage Crisis was brewing. Also a very great home, it had been updated, has tons of natural light, parking, two beds, two baths, the whole bit. There had been nothing but positive feedback, and no qualms about the price, four serious buyers circling, but nobody was stepping up.
Right about the time I was starting to wonder, the phone rang, which was right smack dab in the middle of the frenzied reports about the mortgage crisis. But, an offer was on the way. Then, the phone rang again from an agent who also had clients that wanted to write an offer, but wanted to see the condo again, and then the phone rang again from a third party with the same request. So now there were three serious buyers on tap, but only one offer for sure.
Long story short, the two other buyers decided they did not want to rush things and write an offer given the media crisis, so we were left with one.
It was a great solid offer with tight financing and a quick close at $795,000, $44k below asking, and my clients took it.
The buyers did inspections, wanted my client to fix some dry-rot, which they did. We were planned to close in 30 days, and we closed in much less. I think it was 20. No problems for the buyer whatsoever on their loan, and the place sold right along with the comps for the building, which worked out fine for the sellers who felt they got a fair deal. In all, it was just over two months from when my client moved out to when we closed. Not too shabby.
So, we had a happy buyer, a happy seller and a quick close. The market is still good. Don’t let anyone tell you otherwise.
Tags: Announcements, real estate, theFrontSteps
Posted in Alexander Clark, Announcements, Condominium, Done Deals, Lower Pacific Heights, Neighborhoods, Property Type, market info, real estate, theFrontSteps | 7 Comments »
Friday, September 28th, 2007
What do you think of advertising listings in this manner? I guess if you have a hot, sexy voice, or a voice like Darth Vader’s (James Earl Jones), it could be effective, and get you in the mood….to buy property of course! But does the saying, “a picture is worth a thousand words” apply here, or is the added voice walk-through helpful?
Regardless, the place looks sweet and unfortunately doesn’t have parking, but who needs a car in this city anyway? I just must add…Starbucks? Come on! There are way better coffee choices around there than that.
-In case clicking on the picture doesn’t work for you [1628 Broderick]
Tags: theFrontSteps
Posted in Alexander Clark, Condominium, Lower Pacific Heights, Real Estate Technology, theFrontSteps | 12 Comments »
Wednesday, September 12th, 2007
I know, I know. I’ve been MIA, but there is a reason. A good one. Or two. Actually three. You see, when I get caught up in this blog, reading comments, and reporting on what I see “virtually” I almost get the sense the market has cooled. It has cooled, but not nearly to the extent reported by every other media outlet out there. When I go out into the “field” with buyers and sellers, it is an entirely different picture.
My first example:
420 Lake, a six unit building asking $1,950,000, in the Lake District. Priced a bit too high for my client who is looking to vacate the building, completely remodel, and sell as TICs, this property had a showing schedule, an offer date (gasp!) and is now in contract. How it pans out, we can only wait and see, but that should be a good indication of something.
My second example:
869-879 Grove, another 6 unit building asking $1,695,000 in Alamo Square. Just hit the market, first Broker Tour was yesterday, and is rumored to be receiving an offer today.
My third Example:
2185 Bush #311, my own listing, a two bed condo in Lower Pacific Heights. Received an offer after only 18 days on the market, with many, many buyers circling. We’re still negotiating the final details, so hopefully I don’t jinx it, but the buyers are there, as is the activity, the loan approvals, and interest.
[Update: Literally two minutes after this went live, we are ratified in contract...with contingencies.]
Tags: real estate
Posted in 5+Units, Alamo Square, Alexander Clark, Condominium, It is Brisk Out, Lake, Lower Pacific Heights, Neighborhoods, market info, real estate | 23 Comments »
Thursday, August 16th, 2007
We haven’t had the chance to go check out the sales center at 2161 Sutter (between Pierce and Steiner in Lower Pacific Heights) for Caledonia at Post, but we were one of many to get the email announcing the opening of said sales center, and we’re passing it on to you.
Along with the opening, they are, like other developments, for a limited time “offering buyers 2 years paid HOA dues plus up to $5,000 in closing costs.
The units will be Studios, Junior 1-Bedrooms, and 1-Bedrooms. They’re also saying only “24 residences will be available.”
Caledonia at Post amenities include:
Gated underground parking
Fitness center - weights and cardio equipment
Heated lap pool & spa
Outdoor barbeque area
Landscaped courtyards
Wood cabinets
Granite countertops
Refrigerator, dishwasher and microwaves
In-home washer and dryer
If you’d like pricing or details, give them a shout at 415-921-9021. The sales office is open daily from 11am-6pm and closed Wednesdays.
As soon as we know more, we’ll pass it on…probably after we visit them.
-website [Caledonia SF]
-New developments in San Francisco [theFrontSteps]
Tags: Announcements, san francisco, theFrontSteps
Posted in Announcements, Caledonia at Post, Lower Pacific Heights, New Developments, san francisco, theFrontSteps | No Comments »
Monday, June 25th, 2007
We knew it was just a matter of time before 2901 Pine, was snatched up. It apprears the time has come. Listed for $2,350,000, this property was/is truly unique, and stating that it sold under asking ($2,300,000) doesn’t necessarily imply the market is tanking like many people would lead you to believe. Maybe it was just fairly priced….gasp!
Now about that other $55,000,000 home at 2901, we’ll just have to wait and see.
-Unique is an understatement (2901 Pine) [theFrontSteps]
-2901 Pine [mls]
-Huge auction shows boom in housing going, going, gone [sfgate]
-Comparison Shopping on the sfnewsletter [theFrontSteps]
Tags: theFrontSteps
Posted in Alexander Clark, Done Deals, Lower Pacific Heights, Unique Property, Updates, market info, theFrontSteps | No Comments »
Tuesday, April 24th, 2007
[Update: Sold June 2007 for $2,300,000]
2901 Pine St. is one of those properties you only wish you had the guts to do (assuming you’re remodeling). The place is sweet! (In our opinion) We literally just walked out of there and were so impressed, we came to post. You must check it out.
Formerly a commercial space (neighbors claim it was a liquor store, grocer, yoga studio, office), it is now a 3 bed, 2.5 bath 3,282 square foot Victorian Modern (that’s what we’re calling it) single family residence on the corner of Pine and Baker asking $2,350,000.
What sold us is the towering Atrium entryway, the extensive use of glass, the catwalk, the master bedroom/bathroom suite, and since they went modern, what masterpiece would be complete without bamboo flooring.
It is yet another unique property that gives us yet another reason we live here. Remind us to let you know what it sells for (or if you’d like to go see it), because it will sell, it’s just a matter of when.
-2901 Pine [Pacific Union]
-Unique Property [sfn BLOG]
-reason we live here [sfn BLOG]
Posted in Lower Pacific Heights, Reasons we live here, Unique Property | 1 Comment »
