Hip Hayes Valley Half Pad Asking $449,500

This 2 bed, 2 bath at 829 Oak St #B looks great right? It is actually. It’s really sweet. But it’s not selling.

So what do you do when you can’t sell something for $900,000 in San Francisco? You should know this by now. You reduce the price. In this case, by half. Get out there and make an offer! Ah, but wait. You thought you were in luck, didn’t you? Not so fast…don’t forget where we all live…

If you want to pay half, you only get to use half…this is a 50% fractional ownership of the whole unit. That’s right, for $449,500 you can “Own your own bed & bath, common areas and part of yard”…now you just gotta find someone else to make up the whole, hope they are clean, don’t stink, don’t flake on their loan payments, and aren’t up at all hours of the night – unless you’re into those sorts of things.

Go on then, find that roommate who has $450,000 lying around and go buy yourselves half a pad for the Holidays. Sharing is caring, after all.

829 Oak #B, $899,000
Half of 829 Oak #B

SOLD | 212 Steiner | Hayes Valley / Lower Haight | $1,250,000

Since it was an off market deal, we don’t have much info to share, especially pictures.

Congratulations to my buyer that just scored 212 Steiner, a two bed, one bath, Victorian in a ridiculously hip and happening neighborhood, perhaps soon to have it’s very own Blue Bottle (assuming the NIMBYs don’t have their way)…not that we measure hipness in terms of cafes around here, but it is a sweet area.

Anyhow, it’s done and dusted for $1,250,000, and we have another happy buyer and seller for the books.

SOLD | 844 Haight St. | Hayes Valley / Lower Haight | $1,320,000

Finally got this one sold (over asking no less)! After getting in contract and falling out on two different occasions with two different buyers, the perfect pair came along in a deal put together by way of my Top Agent Network prior to coming BOM (Back On Market) again. Third time is a charm. For more details about this wonderfully complex set of transactions, how the market impacted this sale, how this property spent nearly 3 months on the market, and lessons I learned (yes, after 15 years every transaction still teaches me something new), give me a shout.

From the marketing…

So you wanna live in the action, do you? Well, I have just the place for you – 844 Haight sits on the dividing line between Haight Ashbury (considered Lower Haight), Hayes Valley, Buena Vista Park, NOPA, Alamo Square, the Divisadero Corridor, is one block away from the Duboce Triangle area…and you’re in luck, because it hits the market today.


Huge full floor 2 bedroom, 1.5 bath Victorian flat with soaring 12′ ceilings and original details in a vibrant central San Francisco location. Formal Dining Room, Living Room, sitting area, eat-in kitchen w/ Italian Bertazzoni stove, hood and microwave, Bosch refrigerator and Dishwasher, Cherry cabinets w/pull out shelves/inserts, Granite counter tops, pot filler above stove, and Bosch Washer & Dryer in pantry. Travertine marble floors in kitchen and baths. Refinished Hardwood floors throughout. Private deck off kitchen leads to beautiful landscaped garden. Tankless water heater. One car parking. Built-in shelving and huge storage space in garage. Walkscore 93, Transit Score 97 (tech shuttle stop around corner), Bike Score 85 (you’re practically ON the Wiggle). Some would say it doesn’t get any better.

Property Details
$1,295,000 SOLD $1,320,000
Victorian Flat
2 bed
1.5 bath
1 parking
Storage
Formal Dining Room
2 Fireplaces
12′ Ceilings
Bertazzoni Range
Bosch Refrigerator
Bosch Dishwasher
Hardwood Floors
Private Deck
Shared Garden
Washer & Dryer
HOA Dues $300/month

More Recent Sales [theFrontSteps]
Testimonials [theFrontSteps]

Exclusively listed by
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351

844 Haight Street | Hayes Valley | $1,295,000

So you wanna live in the action, do you? Well, I have just the place for you – 844 Haight sits on the dividing line between Haight Ashbury (considered Lower Haight), Hayes Valley, Buena Vista Park, NOPA, Alamo Square, the Divisadero Corridor, is one block away from the Duboce Triangle area…and you’re in luck, because it hits the market today.


Huge full floor 2 bedroom, 1.5 bath Victorian flat with soaring 12′ ceilings and original details in a vibrant central San Francisco location. Formal Dining Room, Living Room, sitting area, eat-in kitchen w/ Italian Bertazzoni stove, hood and microwave, Bosch refrigerator and Dishwasher, Cherry cabinets w/pull out shelves/inserts, Granite counter tops, pot filler above stove, and Bosch Washer & Dryer in pantry. Travertine marble floors in kitchen and baths. Refinished Hardwood floors throughout. Private deck off kitchen leads to beautiful landscaped garden. Tankless water heater. One car parking. Built-in shelving and huge storage space in garage. Walkscore 93, Transit Score 97 (tech shuttle stop around corner), Bike Score 85 (you’re practically ON the Wiggle). Some would say it doesn’t get any better.

Property Details
$1,295,000
Victorian Flat
2 bed
1.5 bath
1 parking
Storage
Formal Dining Room
2 Fireplaces
12′ Ceilings
Bertazzoni Range
Bosch Refrigerator
Bosch Dishwasher
Hardwood Floors
Private Deck
Shared Garden
Washer & Dryer
HOA Dues $300/month

Showing Schedule
Open Houses Saturday & Sunday 2-4pm
Private Showings by Request

Exclusively listed by
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351

For Sale | 8 Buchanan #612 | Hayes Valley | $1,295,000

Designed and built by world renowned Architect Bernardo Fort-Brescia and Arquitectonica in 2014, Linea provides luxury living in the heart-center of San Francisco. Enjoy breathtaking panoramic views from your living room, sip coffee in the morning sun, and experience the vibrancy that is living on the edge of Hayes Valley, Mission Dolores, Castro, Lower Haight, Duboce Triangle, and Mid-Market districts.

With walls of glass framed by bold, geometric pillars, this building was designed to impress, and impress it does. Unit 612 features two bedrooms, one bath, 1107 square feet of open floor plan, natural hardwood floors, Bertazzoni gas range, Liebherr refrigerator, polished quartz countertops, high end Italian kitchen cabinets, under cabinet LED lighting, Kohler and Grohe fixtures, stackable washer & dryer, Nest thermostat, custom closets (walk-in), central heating and air conditioning, and the piece de resistance…parking.

The elegant, expansive, attended lobby is finished with porcelain tile floors, natural white-oak wood panels and Italian marble highlights. An interior courtyard with lush plantings and greenery creates a serene interior view, and the rooftop terrace has multiple areas for entertaining and enjoying the city lights (if you don’t get enough of them from the comfort of unit 612).

Linea was born from the imagination of world-renowned architect Bernardo Fort-Brescia as a way to bring a forward-thinking aesthetic to those who appreciate true modern design, so we invite you to come appreciate.

Property Details
$1,295,000
2 beds
1 bath
1 parking
1107 square feet
Hardwood Floors
Panoramic Views
Bertazzoni Range
Liebherr Refrigerator
Italian Cabinets
Stackable W&D
Quartz Countertops
Kohler and Grohe Fixtures
Nest Thermostat
Air Conditioning
HOA Dues: $654/mo
Building wired for 400Mbps+ Webpass Internet
A+ Central Location
1 Block to Whole Foods
97 Walk Score
100 Transit Score!
88 Bike Score

Showing Schedule
Open Houses Saturday & Sunday 1-4pm
Private Showings by Request

Exclusively listed by
Alexander Clark
Keller Williams Luxury Realty International
theFrontSteps.com
alexclark@gmail.com
415-254-5351

[This above video is from the original new construction marketing, as well as the three building renderings]

Pacific Heights Co-Op Asks $4.2M Gets $3.8M, And Those Views…

Some things just never get old (like me), and some things never go out of style, like 2170 Jackson #3, which clinched this week’s top spot on our Underbid list by selling 10.59% under it’s $4,250,000 asking price at a cool $3,800,000.


I can hear you all gasping either sighs of relief, gasps of ahhh, or whispers of “what would it be like”…Regardless, amazing property, amazing location, and hats off to all involved, underbid or not.

As for the rest:
Top 10 Underbids, San Francisco

Address BR BA Parking List Price Sold Price Underbid
2170 Jackson Street #3 4 3.50 1 $4,250,000 $3,800,000 -10.59 %
347 Santa Ana Ave 6 3.25 2 $2,495,000 $2,250,000 -9.82 %
240 Flournoy Street 3 1.00 1 $550,000 $500,000 -9.09 %
881 Lombard Street N/A N/A 1 $1,800,000 $1,639,547 -8.91 %
338 Spear Street 2 2.00 1 $2,850,000 $2,600,000 -8.77 %
333 Diamond Street 3 2.00 2 $1,899,000 $1,750,000 -7.85 %
3354 20th Street 3 3.00 1 $2,395,000 $2,225,000 -7.10 %
159 Dublin Street 3 1.00 1 $689,900 $650,000 -5.78 %
330 Twin Peaks Blvd 3 2.50 2 $1,799,000 $1,700,000 -5.50 %
733-743 Waller St N/A N/A N/A $3,850,000 $3,656,250 -5.03 %

This is a very telling list, and a very good sampling of citywide deals that go unreported to you and your friends. There are deals to be had, you must simply be persistent and keep at it. This is an amazing City, and I’m betting it’s just going to keep getting better and better.

Have a great day!

Top 10 Underbids | Would You Believe 20% UNDER Asking In Bernal?

15 prospect

The market is cooler…no doubt.. Is it seasonal, or longer term? Time will tell. As you saw last week, Overbids are still rampant, but more and more emails are coming to me, “Still Available”, “Offers as they come”, “Motivated Seller”, etc. Could we be approaching the year of the buyer?

Out of the 10 Underbids featured, 4 are multi-unit buildings, which made up the 1st, 2nd, and 3rd place on our list. The #1 underbid goes to a Bernal Heights duplex – a “Tremendous Bernal Heights Fixer” to be exact, 15 Prospect Avenue, which just closed 20% under asking or at $950,000 from its $1,199,000 list price. Looks like my buddy Eddie O’Sullivan got his clients a nice little project. Well done lad…

As for the rest, this is how it stacked up.

Address BR/BA/Units List Price Sold Price Underbid
15 Prospect Avenue 2-4 Units $1,199,000 $950,000 -20.77 %
622-626 Buchanan Street 2-4 Units $1,399,000 $1,250,000 -10.65 %
161-165 Cook Street 2-4 Units $2,395,000 $2,150,000 -10.23 %
2287 16th Avenue 4/2/2 $1,388,000 $1,250,000 -9.94 %
301 Mission Street #49D 2/3/2 $4,588,000 $4,180,000 -8.89 %
2829-2831 Pierce Street 2-4 Units $2,970,000 $2,750,000 -7.41 %
3260 Baker Street 3/2/2 $2,999,000 $2,800,000 -6.64 %
1308 Valencia Street 4/3.5/1 $2,499,000 $2,350,000 -5.96 %
265 Minerva Street 2/1/1 $699,999 $659,000 -5.86 %
2869 Broderick Street 4/3/2 $3,500,000 $3,300,000 -5.71 %

For more Good Real Estate Stuff…check out The Goods.

Heat Map Of San Francisco Median Home Price Changes Since Previous ’06-’08 Market Peak

Who doesn’t love a good heat map? Especially us San Francisco residents caught in the grip of one brutally long fog song…
[Click image to enlarge.]
Zipcode_Appreciation-since-Peak

This heat map compares 2013 2nd quarter or 1st half median home sales prices – for houses, condos, co-ops and TICs combined – with those at the peak value time prior to the recent market recovery. Previous peak value times vary by neighborhood: typically, the least affluent neighborhoods hit peak prices in 2006 and also fell the most, percentage-wise, during the crash, falling 25% to 50%. These neighborhoods were most affected by the subprime and distressed-property sales crises. The mid-affluent neighborhoods peaked in 2007, and usually declined in value in the 20% to 25% range. And the most affluent areas reached peak values last, in the first half of 2008 prior to the September 2008 crash: Their fall in value ranged approximately 15% to 20% from 2008 peak to 2010-2011 nadir.

Generally speaking, when the market began to turn around in late 2011/early 2012, the last neighborhoods to fall were the first to recover, followed by the mid-affluent and then the less affluent areas.

In San Francisco It’s Ritual Coffee Roasters Versus Blue Bottle Coffee

bluevritual

Having just purchased our first bag of “Sweet Tooth Espresso” from Ritual Roasters after more than six years of dedicated grinding, tamping, and pouring exclusively of Blue Bottle Coffee, we’re a bit torn as to what to do. We’ve had Ritual on many different occasions, but allowing their beans to enter into the home, and thus the home espresso machine, is akin to having an affair right in front of your one true love.

Well, we’re giving it a go and Blue Bottle is going to have to be patient, but it got us thinking about which is “better” (or perhaps more popular is the real question), and why.

Our argument is for Blue Bottle, for what they have done to transform the landscape of coffee in San Francisco and the way a good espresso drink is poured and consumed. They’ve also transformed otherwise dumpy locales into hotbeds of activity (Linden Alley in Hayes Valley, and Mint Plaza in SOMA), and one could argue had a direct impact on property values (commercial and residential) in those areas. Blue Bottle knew how to draw a crowd at the Ferry Building and somehow keep people interested when the line stretched around the building. They’ve built a following, and continue to crank out excellent coffee in the same manner as when they began. Service at their Linden location is always with a smile (Mint Plaza staffers could use a little help in that regard), and although loaded with hipsters, you don’t get the feeling you’re just not hip enough to visit Blue Bottle Coffee.

We’re still warming up to Ritual, and don’t know enough about their flavors and their store to draw a completely honest opinion (first impressions have all been good), but as stated, they’re in our grinder and in our home now, so we ask…if YOU had to choose, would it be Ritual Roasters or Blue Bottle Coffee? At the very least, you have to admit it is just one of the many reasons we live here.

Oh…as for the logo competition, you gotta love Ritual’s.

[Editor’s Note: Or is there someplace we’re missing that we need to try? If you say Starbucks, you should be shot, and/or deported to a life in Strip Mall Suburbia Hell, because we got news for you, that ain’t coffee, and how Starbucks made it past San Francisco’s Anti Chain Store Law is beyond us.]

[Update: We’ll definitely be trying De La Paz, and SightGlass soon enough!]