Tag Archives: multiple offers

Maximum Overbid Of The Week: 235 28th Street, Noe Valley…

This one is hot off the presses. So hot, this property at 235 28th Street in Noe Valley still has dust billowing up around it from the flurry of bidding that just went down.

235noefacade

235noekitchen

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By all accounts, this is a great, great house. Sure, it needs a little work, but could be really nice and totally livable with ripped up carpet and buffed out floors, new paint (get rid of the wallpaper), and tidy up the yard. It’s actually livable now, but we have champagne tastes like all of you. To take it even further, the house could be expanded down, up and back. Big project for sure, protect that lovely historical facade, dig out the downstairs, add one more parking spot, and go big…and that’s exactly what all of you, dear readers/buyers, can expect to hit the market in or around another year, and expect it to be in the $3,000,000 range.

We just bid on this property, and we lost. Asking $899,000, we bid $1,250,000, we were “in the top four”. Winning bid (hate that word) was $1,300,000, cash, seven day close. That’s $401,000 over asking. Hard to beat. And for our buyers, it’s another one lost. It stings just as bad this time (the 7th) as it did the first.

To all you sellers, we keep saying it’s a great time to sell, are you believing us yet?

-235 28th Street, Noe Valley: 3bd, 1ba, $899,000 [MLS]
-When Someone Else Tells You Our Market Is Hot Will You Listen? [theFrontSteps]
-Telegraph Hill Neighbors: Our Opposition Is Unconditional [theFrontSteps]