It’s time for Maximum Overbid and oh my, isn’t this one a treat.
The listing for 1598 Geneva Avenue says it all–or rather, says very little, from which you can extrapolate the rest: boarded-up windows and doors, no interior photos, “contractor’s paradise,” and the low-for-SF price of just under $600K for an ostensibly two bed, three bath house right across the street from the southwestern flank of McLaren Park.
This is a straight-up teardown. A 2021 DBI complaint against the property describes fire damage from a May blaze and “three foot-high pile(s) of debris throughout the building.” Neighbors complained that the owner had died and the property was subsequently left to sit in decay (and possibly attract squatters) without any clear indication of whose responsibility it was.
Note that the listing, taken out in early January, specifies “no death in the property,” which is sort of reassuring, albeit perhaps a too-specific denial.
In any estimation, what we have here is a mess at best–so naturally it was worth $1 million and change to an ambitious buyer willing to go well over 70 percent of the list price. Even if Crocker-Amazon remains SF’s most overlooked neighborhood, it’s still San Francisco after all.
| Address | BR/BA/Units | DOM | List Price | Sold Price | Overbid |
|---|---|---|---|---|---|
| 1598 Geneva Avenue | 2/3/N/A | 21 | $599,000 | $1,026,000 | 71.29% |
| 531 29th Street | 2/2/N/A | 8 | $1,395,000 | $2,225,000 | 59.50% |
| 1435 46th Avenue | 3/2/N/A | 13 | $995,000 | $1,475,000 | 48.24% |
| 244 Olmstead Street | 3/2/N/A | 13 | $998,000 | $1,452,000 | 45.49% |
| 762 Chenery Street | 3/3/N/A | 12 | $1,995,000 | $2,852,200 | 42.97% |
| 1367 41st Avenue | 5/5/N/A | 12 | $1,759,000 | $2,385,000 | 35.59% |
| 2178 15th Street | 2/2/ | 9 | $1,895,000 | $2,400,000 | 26.65% |
| 242 Richland Avenue | 2/1/ | 14 | $998,000 | $1,250,000 | 25.25% |
| 1 Naylor Street | 3/1/N/A | 19 | $1,188,000 | $1,475,000 | 24.16% |
| 2990 22nd Avenue | 3/3/N/A | 11 | $2,095,000 | $2,500,000 | 19.33% |
As always, if you have any questions you can contact us directly, or throw them in the comments below. Make sure to subscribe to this blog, or follow us on social media @theFrontSteps too. And please do consider giving us a chance to earn your business and trust when it’s time to buy or sell Bay Area property. People like working with us, and we think you will too.