Tag Archives: Homes for Sale

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1 Ecker (16 Jessie) Unit 406 Hits The Market, Monday Open House Was Packed

You may have already seen the press my good friends over at Curbed gave to this awesome condo in the heart of downtown San Francisco (Financial District/Yerba Buena), but if not, here you go: 16 Jessie (1 Ecker) #406, Junior 1br/1ba, $495,000

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Sustainable down to its very foundation, this century-old building (1 Ecker) was painstakingly restored and updated with brand-new modern interior fixtures and finishes. This top floor, Junior 1br, 1ba unit features soaring 12′ ceilings, exposed brick, open kit/liv area, bamboo floors, Cesarstone kit countertops, espresso cabinetry, stackable Whirlpool High Efficiency W&D, Bosch Energy Star appliances, addl. storage, bike parking, & shared roof deck/bbq area. Furniture is negotiable. Walk to shops, restaurants, public transportation, Ferry Building, and so much more. This is the perfect Urban dwelling for anyone.

On a side note, this was the first ever Open House I’ve done on a Monday evening and the traffic was through the roof. Perhaps this could be the first step to getting buyers, sellers, and agents their Sundays back! Many, many of the people through the door preferred the Monday evening showing over the standard Sunday 2-4pm window for open houses, citing their inability to do anything on Sundays because this window falls smack dab in the middle of the day. My vote is to get our weekends back. What about you?

I’ll have it open again:
Thursday 4/17 from 5:30-7:30pm
Saturday 4/19 from 2-4pm (my colleague will be there)
Tuesday 4/22 from 2:30-4pm
Offers, if any, will be reviewed Wednesday 4/23 @ noon.

-A Slice of 1 Ecker In Yerba Buena Can Be Yours For $495k [Curbed]

Coming Soon: 16 Jessie (1 Ecker) Unit 409 – Early Century Brick Meets 21st Century Modern In The Heart Of San Francisco

This top floor, one bedroom, one bath, ultra luxury condominium in the heart of San Francisco will be hitting the market (with any luck) on Friday August 9th [It's now officially on the market], but since you’re a fan of theFrontSteps, you get to see it here first.

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This unit is not only on the top floor, but also on the North East corner and features soaring 12 foot ceilings, open kitchen/living area, bamboo flooring, walk-in closet, custom kitchen pantry, Cesarstone kitchen countertops with bar seating, espresso cabinetry, stackable Kenmore High Efficiency Washer & Dryer, Bosch Energy Star appliances (Dishwasher, Gas Range & Hood), Samsung French Door Refrigerator, microwave, and a 64″ Samsung Plasma TV already perfectly mounted to the wall! This unit comes with additional storage, bike parking, and all of the furniture could be included as well. (Parking for one car is currently subleased nearby at 18 Lansing St for $225/mo. Although it is highly likely the sublease would be honored, it cannot be guaranteed.)

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What makes 1 Ecker so attractive and in such demand? 1 Ecker (16 Jessie) is an appealing blend of modern and timeless San Francisco charm, and sustainable down to its very foundation. The original century-old building structure was painstakingly restored and updated with brand-new modern interior fixtures and finishes in every bedroom and bath. The soaring arched windows are 100% recycled, and all of the units were restored with sustainability in mind. Nestled among some of San Francisco’s tallest structures, the grand windows and high ceilings fill this residence with generous amounts of natural light, while the original brick structure is a welcome backdrop for modern, sophisticated living.

1 Ecker’s common area amenities include the comfortable rooftop lounge, with grill and plenty of seating for entertaining a large group or enjoying a quiet dinner for two. Sleek, comfortable modular seating allows for adjustment to meet your group’s needs, as art form meets function. Exotic foliage in vibrant hues frames an antique Balinese water fountain, a tranquil centerpiece. The lounge grill is ready to serve up favorites year-round.. The interior courtyard offers a stylish visual backdrop featuring exotic, vibrant foliage. Common areas are maintained by the building’s Home Owners Association, and monthly HOA dues of $500.68 for this unit help serve to keep them in pristine order. HOA dues also include water, garbage, and professional property management services.

The location of this wonderful city home (go ahead…map it) puts you steps away from tons of shops, restaurants, clubs, art museums (MOMA), theaters (Metreon), Outdoor Parks (Yerba Buena), conference centers (Moscone), World Champion baseball stadium (Go Giants!), and so much more. Multiple Zipcar® locations are within walking distance for pay-as-you-go car convenience, and the future Transbay Transit Center steps away at 1st and Mission Streets will house 11 transportation systems, including AC Transit, BART, Caltrain, Muni &; Amtrak, for easy access to all of the Bay Area and beyond.

This is certainly a one-of-a-kind unit in a one-of-a-kind property that you won’t want to miss.

The bullet points:

Kitchen:
Bosch Dishwasher
Bosch Cooktop
Bosch Hood
Samsung French Door Refrigerator
Lazy Susan in cabinetry
Cesarstone countertops and espresso cabinetry
Full Pantry
Under counter lighting
Washer/Dryer – Kenmore High Efficiency

Living Area:
12 ft Ceiling heights
~64 inch Samsung Plasma TV
Custom Paint throughout

Bedroom:
12 ft Ceiling heights
Walk in Closet
Custom closet organizer

Bathroom:
Custom cabinetry under sink
Custom Glass Shower Door upgrade

HOA: $500.68

Parking: Currently Subleased $225/month. Location at 18 Lansing St.

Price: $799,000

Showing times: Sunday 8/11 from 2-4pm; Tuesday 8/13 from 2-3:30pm; Sunday 8/18 from 2-4pm, and by private appointment anytime in between. Sorry, no showings until first Open House. But at least you can see the pictures here and get yourself ready to make this fabulous home your own!

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Exclusively listed by Alexander Clark of Paragon Real Estate.
For more details:
alexclark@gmail.com
415-254-5351

Thinking Of Selling Your Property? Read This First

Sellers, it’s time. We need your inventory, and look how happy you could be!

Alex thanks for selling my home as quickly and painless as possible at a price way beyond my expectation! I especially liked that you provided expert advice/service from staging, lighting and photography to make this a success. Using [electronic signature solutions] for all document signing made my life so much easier, and not to mention saving wasted paper from going into the environment. You keep up with the latest trends, you have access to new and potential audience/followers via social networking sites, and you’re just damn good at what you do so, THANKS!!!!

Cheers,
Judy

Brings a tear to one’s eye, doesn’t it. You’re welcome Judy! Thanks for the great testimonial. Call us when you’re ready to buy.

And to all of you other sellers, did you notice how good to the environment we can be? I’ll even come meet you on my bike. Just give a shout, and we’ll get the ball rolling to getting you top dollar on your property too.

-More Testimonials [theFrontSteps]
-Maximum Overbid Of The Week: 235 28th St, Noe Valley [theFrontSteps]

Three Indicators Of A Very Strong Housing Year To Come

Number of Homes suffering price reductions on the decline:
Price Reduction Decline

Price of Newly listed properties on the rise:
List Prices going up

Days on Market (how long a property takes to sell) going down:
DOM-annotated

For more info and the full article, visit:
-Three signs 2013 will be the Hottest Housing year since 2005 [Altos Research]

Buying A Home In San Francisco – Step 3: Go See Some Property!

You starting to feel ready to buy a home in San Francisco? By now, hopefully, you’ve made it through Step 1, and are now either pre-approved, or can provide Proof of Funds, and are getting dialed into this thing called the internet and how well it can help you instantaneously see what is new on the market, because you’ve completed Step 2, by having listings sent to your inbox automagically.

That makes you ready for…

Step 3 – Go See Some Property

You’ll want to go see the ones you might even remotely like. Even if you think it’s not a perfect match, you should go take a look anyway. It will help you get a feel for the market, and if you see something that is an “almost” you can track the sale of it to educate yourself on actual sales prices versus list prices.
So how can you know what properties to tour and when? There are a number of ways to do it.
a. Schedule private showings with your Realtor. Schedule them as soon as you can. It’s the best way to see property, without the hundreds of other people, and it gives you a jump on the competition.
b. Still not ready to wed yourself to a frothy real estate agent? Hit the Sunday Open Houses. You can pretty much bet that 99% of the listings you’re getting fed via email will have an open house on Sunday from 2-4pm (in San Francisco). If you show up at a house and it’s not open, oh well…use the opportunity to check out the ‘hood.
c. Tuesday “Broker” Tour. You can also bet that new listings will be open on Tuesday Broker Tour in their designated time slot. Tour rotates around the city beginning at 9am in Telegraph Hill area, and ending in SOMA/Mission/Potrero Hill areas in the late afternoon around 4pm. Times are in increments of 1.5 hours. For example: Pacific Heights new listings are open 10-11:30 on Tuesdays, and the Mission will be from 2-3:30pm.) Technically Broker Tour is meant for Brokers only, but any Realtor that refuses entry to you (a buyer) should be asked to leave the industry. It’s easy to get the Broker Tour schedule, just ask your Realtor, or theFrontSteps.
d. SFOpenHomes.com – Fed directly from MLS, and including any property in the system that has been added as having an open house. You can search by all sorts of criteria, so you can pretty much find anything you like, and whether or not it will be open.
e. Craigslist – Check Craigslist for properties that may or may not be on MLS and whether they’ll have an open house, or when they’ll be available for viewing.

If your schedule does not permit a private tour set up by your agent, or if you prefer to visit property in your own car, on your own time, you can count on options c,d,e to get you where you need to be. Just get out there and get educated! Be warned, almost every real estate agent you come across at an open house will ask you if you’re currently being represented. If you don’t want to be bothered, just say “Yes, I have an agent”, and feel free to drop our name if you panic, and they’ll probably leave you alone. Oh, one more thing…there is no need to fill out the “Open House Sign Up” sheet, unless you like to be spammed. It is simply a tool for agents to get your contact info and add you to their marketing.

So get out and tour, and if you see a property you like, and you think it’s “the one”, don’t pass it up because it is the first property you may have seen. There is a really good chance something like it won’t come around anytime soon, so you gotta jump on the ones you (sort of) love.

Godspeed!

-Step 1- Get Pre Approved, Provide Proof of Funds [theFrontSteps]
-Step 2- Get Listings Fed to you Automatically [theFrontSteps]

San Francisco’s Months Supply Of Inventory Entering Record Setting Territory

Translation: Single family homes, condominiums, cooperatives, and multi-family units in San Francisco sell really, really fast (when priced right), and buyers are again finding themselves with less and less to choose from. Competition is again at a fever pitch and multiple offers on any one single property are the norm.

Like I’ve been saying, if you’re on the fence about selling…get off that fence.

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]

Obama Says: Go Buy A House (In So Many Words)

We’re going to take the liberty of pulling a few quotes from this recent New York Times article about President-elect Obama’s call to action and urge our fellow San Franciscans to go out and buy a house.

-‘I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible,’ Mr. Obama plans to say, according to advance excerpts of the text released by his office. ‘If nothing is done, this recession could linger for years. The unemployment rate could reach double digits.’

-Mr. Obama’s message is stark, warning not just of short-term pain from a recession that is already the longest in a quarter-century, but also of deep and systemic longer-term costs that could threaten American economic leadership if too little is done.

‘We could lose a generation of potential and promise, as more young Americans are forced to forgo dreams of college or the chance to train for the jobs of the future,’ Mr. Obama plans to say. ‘And our nation could lose the competitive edge that has served as a foundation for our strength and standing in the world.’

‘In short, a bad situation could become dramatically worse.’

-‘For every day we wait or point fingers or drag our feet, more Americans will lose their jobs,’ Mr. Obama plans to warn in his speech. ‘More families will lose their savings. More dreams will be deferred and denied.’

…and as one of our frequent commenters will surely say, “More 40 year old renters will become 41 year old renters, and rents keep going up!”

Take a stand. Buy a house!

[Editor's Note: There is sarcasm in our post. We understand it may not be a good time for you to buy, but it is a good time to be a buyer (assuming financial stability in your household).]

Ask Us: Can Condo Conversion Save You From Rent Control?

Where readers ask and we (the community) try to answer:

This is a doozy of a question, so put your game faces on:

Hi there,

Being fairly new at the SF real estate/landlording game, I am still discovering the fascinating mine field of Rent Control laws through the numerous websites on the subject.
At least FrontSteps.com somehow manages to make it entertaining. Maybe you can help me with a few beginner questions here.

Here is my situation :
I plan to buy a 2 unit home (both vacant) with a friend as a TIC in SF and subject to Rent Control. After occupying one unit each for a year, we hope to by-pass the lottery and go for condo conversion to own one each. Does this sound like a reasonable plan?

Question 1: During the 2-3 following years needed to complete the conversion, do both of us still need to occupy the units or can we rent one or both?

Question 2: Once converted, is it true that if we rent (to brand new tenants) we will still suffer from Rent Control (because we are the subdivisers) ?

Question 3: If so, why does everybody want to condo-convert? Is it only to make a 10-15% profit by selling the condo just after? Isn’t it to enjoy renting the place free of RC at all?
(I understand that another benefit is to get separate ownerships instead of the TIC).

Question 4: Assuming the answer to 2) is yes, is there any loophole? For instance if I live in my condo and I buy the second condo from my friend, then maybe I can rent this one exempt of RC?

question 5: If I live in the unit and rent 1 room, is it still under Rent Control?

Thanks for your help.

Let’s see what replies we can get from the readers in the comments below, and we’ll fill in the blanks just as soon as we can. It sure would be nice if David Gellman or Andy Sirkin would provide some insight (and maybe win a client as a result).

Thanks for reading and thanks for this lovely little quote, “At least FrontSteps.com somehow manages to make it entertaining.” We aim to please, and entertain, so we have to ask, “Have you nominated your sexiest Realtor today?”

It’s A Great Time To Be A Buyer

I’ve been thinking a bit about our cliche Realtor statement that now is “a great time to buy”, and I’ve come to a conclusion:

Now is not necessarily a great time to buy, as prices may continue to fall, credit is likely to continue to dry up, and the global recession only looks to be getting worse instead of better (poor Obama inherited a big mess didn’t he, and my iPhone continues to see red), but it IS a great time to be a buyer.

When I started in this business only 6 years ago, I never in a million years thought I’d see homes get into the “affordable” level again. Every single client I worked with could expect, without a shadow of a doubt, to have to offer way over asking price on a home, compete with at least 10 other buyers on every property, and strike out at least 5 times before the home of their dreams (usually only 80% of their dreams, because perfection was not to be had) became a reality. True, “affordable” is a relative term, but for the buyers that thought owning a home in San Francisco would only ever amount to pipes full of dreams, your day may soon be here.

I’m hearing from buyers that are literally coming out of the shadows (they’ve been reading sfnewsletter for quite a while), and they’re licking their chops. New developments are slashing prices, offering incentives, literally telling me “make an offer”, and prime homes are starting to trade for much less than anyone expected, and some are getting downright stale.

No, now might not be a “good time to buy”, but it sure as hell is a good time to be a buyer, and I think you’d have to agree.