1959 Lombard

Marina / Cow Hollow Property Gets $1,200,000 More Than Asking

If you haven’t noticed, posts on this here site have been sporadic to say the least, and will remain so for the rest of the year. That said, I couldn’t help but share this Cow Hollow/Marina District property at 1959 Lombard that just closed for $1,200,000 over the list price!
lombard

For you Commercial geeks, the cap rate on this bad boy is a 2.69%! And “long-term” tenants mean 1 of 2 things…potential to increase rents, or potential to increase headaches. Regardless, somebody saw great value in this building (as they should), and IMHO should be thrilled.

Underpriced? Probably. But let’s consider the larger market logic that compels someone to not only list a property more than one million dollars below market value (when you just don’t know you gotta price it low), but the psychology as an agent that must convince a buyer to offer $1,200,000 MORE than what the seller is “asking”, and the buyer that has to come to grips with that reality.

I’ve been in this game for nearly 15 years now, been through two monstrous peaks and subsequent declines, and some things just haven’t changed…namely San Francisco has long been a premier destination to call home, start a business, raise a family, and invest in real estate. Surrounded by water on three sides, heavily restricted on vertical development, and historical preservation, it’s just that tough to get your hands on some choice San Francisco property.

Pray for snow! Dream of surf. Enjoy the day.

The Goods: Real-Time market data for my clients

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572 Funston

Real Estate Porn For The People…

Who came down with a heavy case of the Mondays…and Tuesdays, Wednesdays, Thursdays, and Fridays? I did. Right here.


I know you all want the great real estate porn that got you on this site in the first place, but I’ve been busy, so I figured I’d make your life, and my life, easier…here you go: Check out The Goods, it’s all new, super sleek, works great on your mobile device, and has all of the same great data you’ve come to love (minus my snarky comments).

Want Top 20 Overbids…all there, all the time. Start to notice things like 135 Webster, finally dethroned by 572 Funston.

Want Top 20 Underbids…got those too. Marvel at places like (239 Arletta in Visitacion Valley, which sold for 20% BELOW list…wait for it…at $480,000 to clinch top spot on the Underbids. That’s a $600,000 home selling for $480,000 and the address on the post card to mom will read “San Francisco, CA”.

Looking for Hot New Listings. Gotcha covered there too. No need to wait for me to tell you about what just hit the market in your ‘hood. Grab properties like 164 Belvedere (drooling) and immediately share with your friends to plan your dinner parties when they buy it!

The Holy Grail…Recent Sales…got those too. I was the first in San Francisco to provide this valuable data to my clients on a regular basis, so why should I stop. Such an easy way to track what’s going on in your ‘hood without my annoying phone calls, texts, and emails to remind you how much you love me.

My buyers’ favorite…Stalefish…had to tone this down for the masses and call em 30+, but this is my site, and dammit if I don’t like calling them Stalefish better. A Stalefish is a property 30 DOM* or More…and would you believe 149 29th St is BOM*. For the record just cuz it’s Stale, doesn’t mean it stinks!

So there you have it. Now you don’t need me to update you as often. You want the Goods, you get the Goods. Spread the word.

Fellow agents…we are now offering my service of The Goods to you…your branding, your look, your site…update your people with the same great data. Contact us at info@thegoods-sf.com or nate@thegoods-sf.com to get your pages set up and start sharing this wonderful real estate market information with your people.

*BOM = Back On Market
*DOM = Days On Market
*Duh!

What's for dinner?

Outer Parkside Gem Claims Top Spot On Weekly Overbids

Usually, I’m posting the top 10 Overbids on Fridays, and Underbids on Mondays, but sometimes the planets get out of orbit, tides rise too high, and I have my own listings and buyers to tend to. But when I come up for air, I always like to enlighten you all with a little bit of jaw-dropping real estate porn to take you through the week, and today is no exception. Have a look at 2063 41st Ave, in San Francisco’s Outer Parkside district:


It came blazing on the market just after Labor Day at a seemingly bargain price of $599,000 (for comparison, here are ALL recent sales under $600,000 in SF), one bidding frenzy later, and this buyer just landed an epic fixer for $820,000…time to bust out the Coleman camping gear (including stove), and enjoy your Ocean View.

As for the rest…here you go, the Top 10 Overbids closed in the past 7 days in San Francisco (take note…they’re getting more mellow as our market cools):

Address BR/BA/Units DOM List Price Sold Price Overbid
2063 41st Avenue 2/1.00/N/A 14 $599,000 $820,000 36.89%
771 41st Avenue 3/2.00/N/A 13 $1,150,000 $1,420,000 23.48%
21 Seal Rock Drive 3/2.00/N/A 11 $1,295,000 $1,575,000 21.62%
1830 Mason Street 2/2.50/ 10 $1,095,000 $1,305,000 19.18%
354 Maynard Street 2/1.00/N/A 43 $699,000 $830,000 18.74%
3011 20th Street 2/2.00/2 13 $1,095,000 $1,300,000 18.72%
3943 21st Street 3/2.50/N/A 12 $1,895,000 $2,200,000 16.09%
14 White Street 2/1.00/N/A 17 $1,388,800 $1,608,889 15.85%
342 Faxon Avenue 2/1.00/N/A 28 $838,000 $968,000 15.51%
1365 16th Avenue 2/1.00/ 17 $1,095,000 $1,250,000 14.16%
37ricobath

¡Que Rico! | $681,000 Over Asking For A Tear Down | ¿Qué?

The Friday before Labor Day weekend…Many call it the end of Summer, but here in San Francisco it’s safe to say it’s the beginning. Our temperatures finally heat up from the Bay Shore to the Pacific Ocean. The sun is lower on the horizon, shadows are longer, Fall fashion ads are everywhere, and local restaurants are transitioning to seasonal delicacies like squash and brussel sprouts (Children everywhere collectively laughing at that comment!), and this weekend is the final exodus of Summer travelers, many of whom are headed to Burning Man.

37 Rico Way…a tear down (if you’re so lucky to be able to tear it down) in the Marina district, and definitely built on Landfill, listed for $1,999,000, and sold in the blink of an eye for $2,680,000…in case the hallucinogens of Burning Man are already kicking in and that math is perplexing you, that’s $681,000 over list…and our market is cooling.

As for the rest of the top 10…here you go:

Address BR/BA/Units DOM List Price Sold Price Overbid
37 Rico Way 3/1.00/N/A 15 $1,999,000 $2,680,000 34.07%
753 44th Avenue 2/1.00/N/A 15 $898,000 $1,185,000 31.96%
343 29th Avenue 3/2.00/N/A 13 $1,495,000 $1,950,000 30.43%
83 Winfield Street 2/1.00/N/A 8 $1,050,000 $1,350,000 28.57%
472 Naples Street 2/1.00/N/A 35 $575,000 $735,000 27.83%
361 Church Street 2/1.00/ 43 $989,000 $1,260,000 27.40%
534 Shotwell Street 2/1.50/4 12 $949,000 $1,200,000 26.45%
1178 Dolores Street 2/2.00/ 12 $1,395,000 $1,760,000 26.16%
421 Los Palmos Drive 3/2.00/N/A 22 $1,058,000 $1,325,000 25.24%
486 45th Avenue 6/5.50/N/A 29 $1,998,000 $2,500,000 25.13%

It’s a transitional weekend for real estate, and next week will begin the flood of inventory to our market for the (hopefully) robust Fall selling season. We’re just as anxious to see how it all pans out as you, so make sure you follow this blog, and we’ll keep you in the loop.

Bending your real estate mind one blog post at a time, it’s what I do.

Have a great weekend!

Marina District Liquefaction Zones [theFrontSteps]

2016-08-05_14.10.15

Who doesn’t love em…Overbids!

I guess buyers don’t love em. Or the thousands of people still trying to get in this market, but fear not. The tides will turn at some point. They have to.

Top 10 Overbids for San Francisco

Address BR/BA/Units DOM List Price Sold Price Overbid
1551 21st Avenue 4/3.00/N/A 42 $998,000 $1,510,000 51.30%
1634 30th Avenue 3/1.00/N/A 29 $995,000 $1,325,000 33.17%
83 Sharon Street 2/1.00/ 23 $799,000 $1,022,000 27.91%
205 Ellsworth Street 1/1.00/N/A 7 $799,000 $1,020,000 27.66%
422 Green Street 2-4 Units 12 $899,000 $1,130,000 25.70%
425 Lake Street 5/1.50/N/A 12 $1,995,000 $2,450,000 22.81%
824 Shields Street 2/1.00/N/A 26 $699,000 $853,000 22.03%
1770 24th Avenue 4/3.00/N/A 7 $1,195,000 $1,455,000 21.76%
54 Cook Street 56 2-4 Units 11 $1,200,000 $1,455,000 21.25%
2 Dawnview Way 5/4.00/N/A 18 $1,250,000 $1,504,000 20.32%

For more Overbids, Underbids, Stalefish, Recent Sales, and New listings, check out my Goods Page. Your one stop shop for all things Real Estate.

Happy Friday! Come check out my new listing this weekend – she’s a beauty, that’s for sure.

overbidssss

Hey Overbids!

The overbids are still there, it’s myself who has been a bit absent. Hey! It’s Summer, so why not.

Top 10 Overbids for San Francisco:

Address BR/BA/Units DOM List Price Sold Price Overbid
792 Capp Street 3/1.00/N/A 13 $995,000 $1,450,000 45.73%
154 Bonview Street 1/1.00/N/A 9 $799,000 $1,150,000 43.93%
113 Newman Street 2/1.00/N/A 9 $889,000 $1,250,000 40.61%
2330 Sloat Boulevard 5/3.00/N/A 23 $995,000 $1,380,000 38.69%
1375 32nd Avenue 2/1.00/N/A 32 $950,000 $1,280,000 34.74%
1728 Ortega Street 3/2.00/N/A 16 $1,095,000 $1,458,000 33.15%
850 Treat Avenue 2/1.00/ 10 $999,000 $1,300,000 30.13%
23 Roscoe Street 1/1.00/N/A 27 $695,000 $890,000 28.06%
4228 24th Street 2/2.00/ 15 $1,299,000 $1,650,000 27.02%
1856 28th Avenue 3/1.00/N/A 25 $975,000 $1,238,000 26.97%

For more Overbids, Underbids, Stalefish, Recent Sales, and New Listings, check out The Goods.

Have a great weekend. Come visit me at 1011 23rd, my super sweet loft, which just came BOM for $699,000.

1075 Fell Street

These Little Buggers Just Won’t Go Away | Overbids

San Francisco Real Estate Market’s Top 10 Overbids

Address BR/BA/Units DOM List Price Sold Price Overbid
251 Andover Street 3/2.00/N/A 13 $999,000 $1,426,000 42.74%
595 44th Avenue 4/3.00/N/A 38 $1,189,000 $1,690,000 42.14%
1075 Fell Street 2/1.00/ 6 $995,000 $1,335,000 34.17%
374 Sanchez Street 2/2.00/ 12 $1,195,000 $1,590,000 33.05%
819 42nd Avenue 2/1.00/N/A 32 $988,000 $1,302,000 31.78%
1806 20th Street 3/3.00/ 12 $2,195,000 $2,850,000 29.84%
1554 47th Avenue 3/2.00/N/A 51 $849,000 $1,080,000 27.21%
135 Rey Street 2/1.00/N/A 11 $478,000 $605,000 26.57%
176 20th Avenue 2/1.50/ 1 $1,195,000 $1,505,000 25.94%
539 26th Avenue 3/2.00/ 26 $1,050,000 $1,300,539 23.86%
3610 Washington | William Wurster

William Wurster Mid-Century Masterpiece Sells for $11,300,000 | Pacific Heights

It’s not everyday a home sells for $3,800,000 above asking…actually in San Francisco we hardly bat an eye at this anymore, especially when paired with buzzwords #PacificHeights and #MidCentury. It also helps to be an extremely rare property in a one of a kind location:

William Wurster Masterpiece with timeless mid-century contemporary design. The unique home with wonderful public rooms boasts sweeping Bay & Golden Gate Views and a Sheltered South facing Tommy Church Garden. 4 Bedrooms + library. 4 Baths. 2 Half Baths. 4 Fireplaces.Garage.Carport.Entry reveals a beautiful private garden & covered breezeway leading to the front door. The Reception Foyer looks to the Bay & features Wurster signature staircase. Elevator, Coat Closet, Powder Room. Grand LR is well-integrated with garden. Large formal DR looks out to GG Bridge. Kitchen flows to breakfast room. Guest suite & family room. Upstairs Central Hall opens to South Deck. Master suite & Library have Expansive Bay Views. 2 more beds with en-suite baths

Listed at $7,500,000
Sold for $11,300,000
$2,000 per square foot

UniversitySTfront

Portola Mid Century Fixer Crowned Maximum Overbid Of The Week

Well this isn’t a location we see too many insane overbids (Portola)…alas 172 University Street did have the keywords “fixer” and “mid-century”, which right there is enough to drum up a frenzy, which it did: list price $799,000 to a sales price of $1,195,000 (that’s $396,000 in case you didn’t do the math).
Personally, I think it was the Saloon Doors that did it…

San Francisco’s Top 10 Overbids to take you into your weekend:

Address BR/BA/Units DOM List Price Sold Price Overbid
172 University Street 2/2.00/N/A 35 $799,000 $1,195,000 49.56%
1746 38th Avenue 3/2.00/N/A 10 $899,000 $1,325,000 47.39%
535 40th Avenue 3/1.00/N/A 43 $995,000 $1,465,000 47.24%
441 Waller Street 3/1.50/ 52 $1,095,000 $1,500,000 36.99%
257 Justin Drive 2/1.00/N/A 15 $779,000 $1,030,000 32.22%
1735 35th Avenue 3/2.00/N/A 28 $995,000 $1,315,000 32.16%
590 Vienna Street 4/4.00/N/A 15 $1,095,000 $1,438,000 31.32%
101 Appleton Avenue 3/1.50/N/A 1 $1,295,000 $1,675,000 29.34%
1458 46th Avenue 3/2.00/N/A 39 $789,000 $1,020,000 29.28%
3774 23rd Street 3/2.50/N/A 14 $1,950,000 $2,515,000 28.97%

It’s going to be a great weather weekend around the Bay Area, so get out and enjoy.

New Listings, Recent Sales & More [the Goods]

160santama

From $899,000 To $1,400,000 | Holy (160) Santa Marina!

Would you look at that…the #1 Overbid of the week is not a fixer! It’s a been a while for that, but we’re pleased to report the market is strong…very strong for any reasonably good property in any reasonably good neighborhood of San Francisco, which is pretty much everywhere now.

This property (160 Santa Marina) was ridiculously under-priced at $899,000, but still.


It sold half a million dollars over the seller’s asking price and just clinched the top spot on this week’s Top 10 Overbid list by selling for a stunning $1,400,000.

As for the rest, here you go.