Archive for the ‘Russian Hill’ Category
Monday, November 3rd, 2008
Back in the day (two to three years ago) if you dropped a BOM on your listing, it didn’t really matter as there were usually a handful more buyers ready to pounce. These days…not as many, and by all accounts we’re definitely seeing an increase is BOMs across all price points and property types. Today is no exception.
With the return of 1141 Vallejo, a three bed, two bath, Russian Hill residence, we’re left wondering…who’s next, and will another buyer be ready to pounce?
What is a BOM? B.O.M. stands for Back On Market…a listing that was in contract, and for any number of reasons, is again available.
Tags: back on market, san francisco, San Francisco Real Estate
Posted in Russian Hill, Still There, market info | 3 Comments »
Tuesday, October 28th, 2008
Stranger things have been known to happen.
–
Just today, 1941 Leavenworth, a 4 bed, 3.5 bath, single family home in Russian Hill, closed escrow for a cool $2,000,000. Asking price, $1,799,000…in this market!? Guess it’s not THAT bad after all. Oh yeah, we forgot to add…six make that eight offers.
Tags: Homes for Sale, Luxury Homes, overbid, Russian Hill, San Francisco Real Estate
Posted in Maximum Overbid ™, Russian Hill | 8 Comments »
Wednesday, June 25th, 2008
One day on, one day off…1080 Chestnut #14A, a 3 bed, 3.5 bath, 2600 square foot co-op sells in contract in a heart beat, somewhere around $4,500,000 (something says off-market deal, which is totally okay by us.)
—
Sale is pending board approval.
-1080 Chestnut #14A [MLS]
Tags: Luxury Homes, real estate, san francisco, San Francisco Real Estate
Posted in Co-op, High Rise, It is Brisk Out, Luxury Homes, Russian Hill, San Francisco Real Estate, market info, real estate, san francisco | 1 Comment »
Friday, March 28th, 2008
Coming Soon (1460-68 Broadway @ Polk)
From this:
To this:
These TIC units at 1460-68 Broadway are expected to hit the market this weekend. We’re still waiting to hear back from the developer on pricing and details. For now, imagine how much better your food will taste cooked in the new kitchen as opposed to the old.
Or how much better a shower would be in this bathroom
as opposed to this one
Check back for further details like size, pricing, and more photos.
UPDATE
More photos
Floorplan 1
Floorplan 2
Floorplan 3
Prices range from $869K to $969K.
All units are two bedrooms, two full bathrooms, with 1 parking space in
the garage at the ground floor of the building.
Top floor units have private roof decks. Ground floor units have
private, fenced in yards.
There is also a common area roofdeck for everyone, and a common area
yard for everyone.
Finishes include Carrera marble, Halila limestone, Interceramic Glass
Tiles, Hansgrohe Axor fixtures, Philippe Starck soaking tub in the
master bath, natural hardwood floors, custom window coverings, gas
fireplaces, 3 units with Caesarstone counter, 3 units with granite, some
units with natural cherry cabinets, some units with ebony walnut
cabinets, professional-grade Viking Appliances, KWC kitchen faucets,
washer/dryer hookups in each unit.
What more could you need?
Tags: theFrontSteps
Posted in 5+Units, Alexander Clark, Modern, Remodeling, Russian Hill, coming soon, theFrontSteps | 2 Comments »
Wednesday, February 20th, 2008
Regarding 1501 Greenwich, per an email blast we just received, “9 UNITS IN CONTRACT SINCE FRIDAY, FEBRUARY 15TH!” (Caps are theirs, not ours).
Tags: Announcements
Posted in Announcements, Condominium, Cow Hollow, Neighborhoods, Russian Hill | 3 Comments »
Monday, February 11th, 2008
Our reader, who sounds very similar to a few other readers we have 
was apparently at the opening of The Greenwich, a new development on the cusp of Russian Hill and Cow Hollow, and had this to say:
Was at the Grand Opening of “The Greenwich” and it was a ZOO. Maybe 500 people in 45 minutes? Lots of foreigners from Europe and Asia all clamoring for $1,000-$1,600/sqft prices. Interesting.
Don’t believe the exact number of people through, and certainly don’t picture a bunch of French or Italians crawling over each other to sign contracts (that only happens during the World Cup), but take note that it was apparently pretty busy.
The Grand Opening was indeed this weekend, and we plan on checking them out tomorrow. For details on the property, please go to their website.
And of course, some pricing for your viewing and buying pleasure:
-#201: 2 bed/2 bath; 1131 square feet; $1,049,000
-#202: 2 bed/2 bath; 932 square feet; $929,000
-#306: 1 bed/1 bath; 615 square feet; $589,000
-#307: 2 bed/2 bath; 1104 square feet; $1,099,000
-#406: 3 bed/2.5 bath; 1421 square feet; $1,695,000
-#502: 3 bed/2.5 bath; 1533 square feet; $1,895,000
-#601 penthouse: 3 bed/2.5 bath; 1609 square feet; $1,949,000
-#603 penthouse: 3 bed/2.5 bath; 1468 square feet; $2,295,000
-All other pricing for other units pending Second Release
-HOA fees range $399-$507
[Picture of unit #601 priced at $1,949,000
If you are interested in viewing one of these units, or have any other questions, feel free to contact us.
[Update: Yours truly, Alex, just literally walked out of touring the entire building. I have all the information you need, but not enough time to post. If you are interested in purchasing a unit, and want my pick of units in this building, give me a shout, alexclark@gmail.com.]
[Update: Pricing is "make us an offer".]
-The Greenwich [property website with features and floorplans]
-Listing Detail #601 [Redfin]
Posted in Cow Hollow, New Developments, Russian Hill, The Greenwich | 16 Comments »
Tuesday, February 5th, 2008
Hot off our topic on resetting DOM to make a listing appear new on market, we find one of theFrontSteps’ sexiest Realtor nominees slashing the price of 723 Bay from $1,775,000 to $1,595,000 (enough to make it exactly 1 day on market, and narrowly missing sfnewsletter’s Stalefish Tank).
Let’s see how it goes this time around. Offers (if any) Monday February 11th by 5pm.
-723 Bay
-Resetting DOM [theFrontSteps]
-…and the nominees are (Sexiest Realtor in SF) [theFrontSteps]
Tags: theFrontSteps
Posted in Reduced, Russian Hill, Single Family, market info, theFrontSteps | 2 Comments »
Wednesday, January 30th, 2008
Being real estate professionals, it is our duty to look past the clutter and furniture and find the value in each property. We had a little trouble getting past the ottoman, sofa, chairs, and dining room wall coverings of 1700 Jones #4, but apparently the buyers saw something we didn’t.
This is a 2 bed, 2 bath condo in Russian Hill, which came to market at $1,395,000 on January 10th. By January 17th, it was already in contract, open houses and Broker Tours canceled, and recently closed escrow on January 29th for $1,500,000 ($105,000 or 7.5% over asking). Forget pricing, forget overbidding, forget the cooling market, forget all that. Think about how quickly this home came and went…seven days on the market, during the worst market San Francisco has seen in over five years.
Merely an anecdote indeed, but significant nonetheless.
Maybe it was the white kitchen with pink lights that sealed the deal. (more…)
Tags: real estate, san francisco
Posted in Condominium, Done Deals, Russian Hill, market info, real estate, san francisco | 9 Comments »
Thursday, January 17th, 2008
It’s what you do with it that matters: 1188 Green #10 is a staggering 260 square feet (per tax records), and might be listed in MLS tomorrow around $399,000, but you can’t fault the seller for making the best of a tiny space.
—–
We’re thinking some of those strong Euros might like to take a look at this one.
-1188 Green #10 [Craigslist]
Tags: theFrontSteps
Posted in Condominium, Russian Hill, Unique Property, theFrontSteps | 3 Comments »
Tuesday, August 28th, 2007
by Janet Krahling
Take a look at this comparison:
Downtown Hotel Luxury Condos (St. Regis and Four Seasons Residences
re-sales) vs. Pacific Heights Condos ($1m+ sales).
This chart compares average price per square foot in 2006 vs. average price per square foot YTD in 2007, according to MLS data. The average price per square foot has increased for $1m+ properties in Districts 7 and 8 as well as the hotel luxury condo market. In 2006, the average price per square foot for $1,000,000 plus condominiums was $841 and for luxury hotel condominiums was $1,298 psf. Year-to-date, price per square foot increased to $875 and jumped to $1,530 for those respective property
categories. That’s an increase of more than 17%, on average, for luxury
hotel condos.
Exceptional services, such as Private Residences Concierge, state-of-the-art fitness facilities, world-class reputation, fine dining and amenities contribute to the increasing value of these homes.
Additionally, demand for new luxury homes, especially as development of
the Downtown/SoMA district flourishes, continues to rise.
[Editor's note: Not sure about your districts? Here's the map.]
Tags: Luxury Homes, real estate, san francisco, theFrontSteps
Posted in Condominium, Contributors, Luxury Homes, Neighborhoods, Pacific Heights, Russian Hill, SOMA, Stats & Numbers, Telegraph Hill, market info, real estate, san francisco, theFrontSteps | No Comments »
Wednesday, July 11th, 2007
How do you get a developer, or investor in San Francisco to begin frothing at the mouth? You use these words: “Russian Hill; Two buildings; Two units each; VACANT with no eviction history; 7 garages…” The rest is fluff.
805-817 Lombard, $2,750,000, hit the market June 15, pending already.
-3130 Pacific: Priced to sell at $12,495,000 and sold at $14,000,000 [theFrontSteps]
Tags: real estate, san francisco, theFrontSteps
Posted in It is Brisk Out, Russian Hill, market info, real estate, san francisco, theFrontSteps | No Comments »
Tuesday, July 3rd, 2007
You heard us correctly. Not too long ago, 1090 Chestnut #7, a 4 bed, 3.5 bath, 3300 square foot “co-op” came on the blocks, and quickly went off…$1,000,000 over what they were asking.
That makes $1500/square foot, and the best part is the low HOA’s of only $2444.26.
-1090 Chestnut #7 [MLS]
Tags: theFrontSteps
Posted in Maximum Overbid ™, Russian Hill, theFrontSteps | 2 Comments »
Tuesday, July 3rd, 2007
“An investment group comprised of Canadel Development in Canada, and Polar Investments, an Israeli company controlled by Ziel Feldman, paid $25 million for the hotel. They plan to convert it into 100 luxury condominiums and add additional space. The conversion is expected to take 18-24 months, and cost $54 million.”
“Proceeds from the final sale of the apartments are estimated at $122 million.”
Hats off to Damion Matthews for not only posting this on his site, but quickly sharing the tip with us. In case you didn’t know Damion is a member of our Stammtisch.
I would have to add that anything to improve that eye-sore is a welcome development…well, maybe not anything.
-More New Development News [theFrontSteps]
-sfcondo.org
Tags: Announcements, theFrontSteps
Posted in Announcements, Drive By, Marina, New Developments, Russian Hill, theFrontSteps | No Comments »
Monday, June 18th, 2007
We’re slowly getting back into the swing of daily posting about real estate and still very much a construction site over here at theFrontSteps, so what better way to kick things off with a post about how utterly and completely wrong we were, and it isn’t the first time.
The update for 2340 Larkin #2 is a massive $296,000 price reduction from the original asking price of $2,295,000. The new sleaker price of $1,999,000 should certainly attract some attention (no we’re not bettin’ on that.)
Don’t haul off and panic and think the market has tanked. A big price reduction like this often brings buyers out of the wordwork and more often than not, the price gets driven right back up to where they started. Strange…we know…but true. Again, we’re not bettin’ on it, but we’ll certainly keep you posted and let you if it is officially a Stalefish. (We got permission from sfnewsletter to use the Stalefish term, because we know them. )
-Tuesday Tour: Liked [theFrontSteps]
-2340 Larkin #2 [mls]
-Stalefish [theFrontSteps]
Tags: real estate, theFrontSteps
Posted in Buying/Selling Techniques, Reduced, Russian Hill, Updates, real estate, theFrontSteps | No Comments »
Tuesday, June 5th, 2007
Not too long ago, we were “Bettin’ Fools, now we’re looking more like Fools Bettin’. We predicted 2340 Larkin #2 would be sold by now…and we were wrong. We were also wrong about 1110 Fulton, but thank God we weren’t wrong too long…Fulton is, at least, on track to close escrow soon.
Posted in Alexander Clark, Russian Hill, Still There, Updates, market info | 1 Comment »
