Dropping In

Maximum Overbid Of The Week | Embrace The Chaos

This home on 43rd Ave just sold $331,000 over asking, and takes this week’s top spot on the top 10 San Francisco Overbids. But let’s look deeper into what’s going on here.

You might be wondering why I chose the amazing picture of pro surfer Damien Hobgood getting burned by some random guy as this week’s featured image to go with the continually insane overbids San Francisco dishes out. Well…it’s significant in many respects (in my mind anyway, so hear me out).

1. Not only does Ocean Beach occasionally get world class surf (word is out, sorry), but it brings the pain, as does our market to many, many, many buyers continually burned by that other buyer that dropped in on them and “stole” their home. And just like waves, there will always be another home come your way, so bite your lip, regroup, focus, don’t get upset, and get the next one.

2. The Avenues are the hottest part of town right now to be selling a Single Family Home, as it is the last frontier where such a home is still attainable under $1.1M (check the stats). You can find these homes in the Outer Sunset, Outer Parkside, and if you’re lucky, the Outer Richmond districts. Miraloma Park is a hidden gem of bargain homes too, but no beach. For you out of towners, Ocean Beach is where San Francisco officially ends, and Pacific Ocean begins (the “Bay” is not). This is our “beach” neighborhood, which at some point will go back to normal programming of fog for months on end, howling onshore winds, and no hipsters cruising on their penny boards to check the surf, because it will be too damn cold and the bikinis will be all covered up.

3.Who still prices a home like this, in a location like that, at $699,000? Seriously John. Seriously.

4. This sale is $331,000 over the asking price, but really, it was underpriced by at least $100,000, so let’s hope all the marketing that goes out around it doesn’t say “I got my clients $331,000 more than they expected!” We all know it was expected to go over, and I guarantee if they only got one offer at $699,000 they never would have sold it. At 1200 square feet, or $807/psft, some might even argue it is a steal.

5. The photo caption on the Surfing Magazine article sums it up best with what people THINK is happening in San Francisco real estate, “A quick reminder that the surfer closest to the peak of the wave, or in the barrel, has the right of way. Damien Hobgood and some tech nerd“. Don’t get me wrong, that’s a great caption and it’s definitely evident in the water, but it’s not just the techies with all the cash. I’ve been telling my clients and readers this for years. There is an insane amount of money from all walks of life in this city and greater Bay Area. It’s easy to point the finger at one group and make assumptions, but I guarantee you, your assumptions about the techies and our real estate market are wrong.

And before you go blaming the techies for your lack of wave domination, or missing out on your dream home, reconsider that GoPro strapped to your board, the Uber you just took to work, that baby picture you just HAD to share on Instagram, and all the other tech channels you can’t live without whether you’ve been living here 40 years, or 4. The city is a changing. Embrace the Chaos.

[Song: Pa Lante by Ozomatli; Album: Embrace the Chaos…turn it up!]

With all of that said, the Top 10:

Address BR/BA/Units DOM List Price Sold Price Overbid
2471 43rd Avenue 2/1.00/N/A 19 $699,000 $1,030,000 47.35%
1650 Florida Street 3/1.00/ 42 $695,000 $970,000 39.57%
1099 23rd Street 1/1.50/1 20 $599,000 $801,000 33.72%
136 Seville Street 2/1.00/N/A 33 $699,000 $890,000 27.32%
2769 Union Street 3/2.00/ 13 $2,499,000 $3,130,000 25.25%
4500 California Street 2/2.00/ 38 $980,000 $1,210,000 23.47%
164 Parker Avenue 2/1.00/B 31 $995,000 $1,210,000 21.61%
681 Panorama Drive 3/2.00/N/A 28 $999,000 $1,204,000 20.52%
204 Anderson Street 2/2.00/N/A 13 $1,189,000 $1,425,500 19.89%
2270 9th Avenue 4/3.50/N/A 8 $1,795,000 $2,150,000 19.78%

Have a great weekend! Looking to buy or sell Bay Area Real Estate? Look no further, and give me a shout.

Image Source for Surfers [Surfing Magazine]

1177 California, Gramercy Towers Pool

SOLD | 1177 California #1024, Nob Hill, San Francisco

I’m pleased to announce the successful off market purchase of an awesome unit at Gramercy Towers in San Francisco’s one and only Nob Hill district. My clients got word of this new listing, called me up, and we snagged it before it had a chance to go to MLS. They are thrilled, seller is happy, all is good.

Two bedrooms, two baths, remodeled, views, and great layout. Sales price $1,650,000.

Tired of getting beat out by multiple buyers…you gotta get somebody like me on your side. I have great relations with the majority of San Francisco realtors, I’m a member of the Top Agent Network, and I have my finger on the off market pulse, although my clients sniffed this one out…but that’s what it takes! Teamwork.

Representing buyers and sellers of amazing and unique property is what I do. This property is no exception.

Contact me, I’ll help you out.

Alexander Clark
Paragon Real Estate Group
theFrontsteps.com
alexclark@gmail.com
415-254-5351

1487 Chestnut Living Room to Dining Room

Testimonial | “Alex Killed It On Both Deals”

It is so nice to make people happy. That’s the best part of what I do, and getting an amazing pat on the back from my clients is icing on the cake. I grabbed this from my client’s Facebook post to all of their friends in order to share it with you:

Many of you know that Linda and I recently sold 1487 Chestnut and bought [XXXX] Chestnut. What you probably don’t know about is the guy who made it happen for us: Alexander Clark
Alex killed it on both deals. He knew exactly how to market 1487 and held our hands while we dealt with the stress of moving out, staging the place, showing it, taking offers, and dealing with the buyer. In the end we got about 25% more than we expected, giving us the opportunity to reach a lot higher for our next place.
On the flipside, Alex was incredibly patient while we waited for the right opportunity to buy (we can be a bit picky…). He never pushed us to look outside of our preferred neighborhoods even though inventory was nonexistent, and even when a few less-than-perfect places came along he didn’t lobby for bids. Ironically, by not gunning for the quick sale, that’s exactly what he ended up getting – we won the first place we went for!
So if you’re thinking about doing a real estate deal in San Francisco [insert joke about market here], Alex is your man. Check out his work on theFrontSteps.com and ping me if you want an intro.

Thank you both so much for your business, loyalty, and patience. You guys rock and I’m incredibly happy for the both of you. Keep counting those ships sailing by…

Recent Transactions [theFrontSteps – Alexander Clark]
More Testimonials [theFrontSteps – Alexander Clark]

Gorgeous Ocean Views

SOLD (In One Day) | 192 Seal Rock Dr. #2 – Outer Richmond

Remember when I said, “Something tells me this property won’t last long, so don’t drag your feet“? I wasn’t kidding. We put this on MLS Monday for $659,000, received two cash (pre-emptive) offers on Tuesday, and we closed for $735,000 today…not bad for an Outer Richmond 853 square foot, one bedroom TIC.


There is an art to this kind of result when selling a property, and it doesn’t come from throwing a sign up, and opening your front door. If you’re thinking about selling your property, or know anybody else who might be pondering the bags of money they’re sitting on, give me a shout. I’m here to help.

The property details:

Designer Kitchen

For Sale | 192 Seal Rock Dr. #2 | Outer Richmond

I’m claiming this as the best one bedroom ocean view property as far West as you can get in San Francisco, and here’s why:


Situated in San Francisco’s Outer Richmond District, this magnificent property is literally on the edge of nature, National Parks, hiking/running trails (Land’s End Coastal Trail considered by many to be the best trail in SF), and several major attractions in San Francisco. It overlooks Seal Rock with amazing 180 degree views of the Pacific Ocean, is walking distance to the Cliff House, Sutro Baths, Legion of Honor, Lincoln Park Golf Course, Fort Miley, and you can practically roll yourself down to Ocean Beach.

The owners have poured their heart and soul into remodeling this amazing building with the best, high end, designer features and finishes you can find, and you, my friend, are lucky enough to have come across it.

The Home Features:
-1 bedroom
-1 bath (separate shower and tub)
-1 car garage parking
-Approx 853 Square Feet (Per Seller)
-Carrara Marble Island countertops
-Spekva European Ash butcher block countertops
-Custom cabinets
-Recessed Lighting
-Thermador Gas Range with Hood
-Built in Bosch Refrigerator and Dishwasher
-Bosch Washer & Dryer in unit
-Hardwood floors throughout
-Radiant floor heating
-RC channel soundproofing between all units
-California Closets in Master Closet
-Franke Atriflo kitchen faucet
-Wired for surround sound
-Cat-5, Fiberoptic and Ethernet wired in entire unit
-Double paned windows
-$200/Mo HOA dues (incl. H20, Garbage, Gas, Reserves, Common Area Electric)
-Property is a Tenancy In Common and Individual/Fractional Financing is available with Sterling Bank
-List Price: $659,000

Showing Schedule:
Tuesday 12/2 from 11am-12:30pm
Thursday 12/4 from 4-6:30pm
Saturday 12/6 from 2-4pm
Sunday 12/7 from 2-4pm
Private showings by request
Offer date TBD

Something tells me this property won’t last long, so don’t drag your feet.

MLS Details: 192 Seal Rock Dr #2, $659,000

Contact me for details, to schedule a showing, and answer any questions.

Update: Sold for $735,000…cash, closed in 5 days.

Alex Clark
Paragon Real Estate Group
415-254-5351
alexclark@gmail.com

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]

IMG_3961

2191 32nd Ave, San Francisco CA Hits MLS

[Update: Sold! Sales Price $871,500. Six offers.]

It doesn’t get better than this in the Parkside. Twenty one ninety one (2191) 32nd Ave hits MLS tomorrow, and you are all getting the first look. That is unless you’ve been following me on Instagram (@theFrontSteps).

Asking price for this most excellent home in the Avenues of San Francisco will be $785,000, and we’ll be open this Sunday from 2-4pm. Come take a look, and send your friends and family. It goes in MLS tomorrow, but we aren’t opposed to loyal readers getting a jump on the rest of the buying population.

Property Details:

Fabulous Parkside Center Patio Rousseau and Tudor Style home. Meticulously maintained to preserve original details, this home’s main level boasts beautiful hardwood floors, formal entry, formal dining room, and formal living room w/ arched doorways, high exposed beam ceilings, wood burning fireplace, original tile bathroom, updated kitchen, skylights, center patio, balcony, and ocean views. Downstairs is a large 2 car garage w/ additional storage, laundry, and bonus room (media room / master suite) w/ fireplace, hardwood floors, bathroom, and access to quaint backyard. Parkside / Sunset buyers, you will not want to miss this one. It is like nothing you would have recently seen available on our market. No joke.

San Francisco’s Million Dollar (Sold Property) Club

A quick look at all of the million dollar plus sales (142 of them) in San Francisco in the last month for properties that closed escrow between 8/19 and 9/19/2012.

[Please note: Clicking an image below will not take you to that property’s details page, simply a bigger photo. To see details, hover over photo, see address, and find it on the list of properties below, or contact me for details. Sorry for hassle.]

Instead of being able to share all of these properties, with photos, under one link, MLS puts a limit on that of 100 properties…so we had to break it up. Details below, and kudos if you’re in the club:

Click here for the Comparative Market Analysis Version (all in one, no pics) [MLS]
Click here for the Detailed Version, including pics, for Single Family Homes and 5+ Units [MLS]
Click here for Detailed Version, including pics, for Condominiums and 2-4 units [MLS]

22 Loyola Terrace: A Single Family, NOPA Alternative With Real Big Views For $1,095,000

Have aspirations to live in the oh so hip NOPA district of San Francisco? Been searching for a single family home in NOPA, but just can’t afford one? You’re in luck, as thankfully San Francisco always has an alternative for you, and 22 Loyola Terrace is no exception.

Technically mapped in San Francisco’s Lone Mountain neighborhood, 22 Loyola Terrace is one cute cul de sac practically in NOPA, close to Haight, down the hill from USF, around the hill from Laurel Village, and a short par 3 away from Golden Gate Park. It’s most definitely stumbling distance to Bistro Gambrinus, 1/2 block from Papalote, and certainly walking distance to Matching Half Cafe (because Starbucks on the corner of Fulton and Masonic should be avoided). It gets better…there is a new place to try on the corner of Geary and Masonic called The Corner Store (Remember the Hukilau? Right there.) They serve brunch, lunch, dinner, and have a soda fountain (such the rage).

This top floor, two level, three plus bedroom condominium could easily trick you into thinking it’s a single family home, but alas…it is not. Homeowner’s dues are an incredibly low $193/month, the wood floors sparkle, the kitchen and baths have been updated, the decks and views are tremendous, the garage is massive (2 cars easily fit), there is additional storage, washer & dryer in the unit, and the creme de la creme…radiant heat, no hot air blowing in your skin to dry you out!

So if you, or anybody you know, has been looking for a single family home, or condominium anywhere near NOPA, Lone Mountain, Haight, Laurel Village, Cole Valley, or even Hayes Valley, this is one property you won’t want to miss. Spread the word far and wide, 22 Loyola Terrace is officially on the market, and ready for a new owner. Me thinks it should be you!

22 Loyola Terrace, 3+ bed, 2 bath, 2 parking, 2 decks, 2 levels, 2 cool, $1,095,000 [MLS]

From The Front You Might Consider It A Duck…369 Upper Terrace

My golden rule in real estate sales and searching for the right home…unless the front of the home is actually drop dead fantastic and the best selling feature, take a “drive by” with a grain of salt.

Case in point, 369 Upper Terrace:

From the front, it’s a bit of a duck, but on the inside there are 3 bedrooms, 3 baths, and 3462 square feet of mid-century (1973 is close enough) modern goodness with decks, 15 foot ceilings, Terrazzo floors, a spa style bath that “oozes tranquility”, a “vinyl lair for music listening”, and big views to get you through the slow days.





You gotta love the “lair”.

Look for more posts from me featuring the finest homes with the best views in San Francisco, starting with this one. I’d give these views an 8 out of 10.

369 Upper Terrace, San Francisco, CA, 3 bed, 3 bath, $2,995,000 [MLS]