Dried herbs, or drying (pot) plants? It certainly can’t be helping the sale of 442 Detroit, but it might be helping the occupants cope with a declining market, or pending eviction.
Regardless, it’s “two for one” on this home, so you better get it while supplies last…the homes that is.
-442 Detroit [MLS]
[Disclaimer: Of course we don't know whether that is pot or not, and we're not saying it is, so don't get your panties in a bunch.]
It’s not very often we point out the sub $600,000, let alone the sub $500,000 San Francisco real estate market, because it’s not the most common sale in San Francisco, but what about the sub $400,000 market? It exists, albeit very minimally, and 380 Monterey #101, a 1 bed, 1 bath, 668 square foot condo in the Sunnyside is a perfect example of what you can get…it’s still close to $600/square foot, but it will only set you back $390,000.
For those that always wonder, original asking price was $449,000, so this does support the doomsday theory that more properties are selling under asking and the bottom is falling out, even if it was priced too high in the first place. Get to the right price and 95% of homes in San Francisco will still sell.
-380 Monterey #101 [MLS]
-Sunnyside [Tour de San Francisco (real estate) in the Sunnyside]
The money Realtor quote, “We just sold this dump for $125,000 over asking price! Imagine what your property is worth!” That dump was “built in 1909 and completed in 1910 for $750″, came on the market for $400,000 (memory tells me it was actually $399k), and sold for $524,500.
In case you missed the article regarding 149 Mangels (that dump), the do-it-yourself foundation replacement that recently went a little…downhill, we thought we’d take this opportunity to again remind you of the importance of hiring qualified professionals to do your foundation work, but only you can make sure all the disclosures are read in detail.
The media is having a field day with this one…as expected. We are too. ;-) And of course we’re waiting to see who spins this into a “the market has crashed” metaphor.
Hopefully, this will uncover a lot of the red-tape necessary to get anything accomplished with regards to renovating or doing any work to one’s home.
-CBS 5 Story [CBS News]
-149 Mangels: Before, after, and what could have been [sfn BLOG]
What could have been:
We can’t emphasize enough, the importance of inspections, and hiring qualified professionals to do renovations for you.
Sold in December 2006 for $524,250, and yes…it was overbid from $399,950. What a shame. A total and complete shame. So sad.
-Home Collapses in Sunnyside Neighborhood in SF [sfgate]
-Getting Back Your Investment on Non-Bling System Upgrades [sfn BLOG]