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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SOLD | 762 Great Highway

SOLD | 762 Great Highway #3 | Outer Richmond/Ocean Beach | $1,250,000

Congratulations to my clients (the sellers), as well as to the buyers on my most recent successful transaction. What an amazing property with drop dead views in an awesome location. Looking forward to seeing you in the water.

From the listing…

You can’t buy property in San Francisco any further West…this is it…where the land ends and the Pacific Ocean begins. Marvel in the ebb and flow of ocean life from your living room (spot dolphins, whales, sea lions, surfers, kite surfers, and ships going by), escape the City life, catch every sunset from your couch kitchen or dining table, walk the beach every morning, experience the surrounding parks and abundant nature right out your front door.

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!

SOLD

SOLD! | 1957 11th Ave | Golden Gate Heights | $1,400,000

There is a story to this one…Nonetheless, I’m pleased to report the (finally!) successful sale of this amazing Golden Gate Heights Property.

Nestled in the hills of Golden Gate Heights with wonderful vistas to the North/North East, surrounded by beautiful trees and a lush garden, and tastefully remodeled for the minimalist in all of us, including a painstakingly thought out master suite on the lower level, which opens to the garden, 1957 11th Ave is the home you don’t want to miss.


Having found this wonderfully crafted home built in 1948, the architect/owner of this home set out on a journey to create an oasis of minimalist living and design aesthetic nestled into the hills of this vibrant and bustling city of San Francisco. The kitchen was remodeled in 2008 with a focus on clean lines and simple living while maintaining the charm of the original home. In 2014 the lower level was completely remodeled incorporating a designer master suite with walk-in closet and ultra modern master bathroom complete with radiant floor heat, Hans Grohe fixtures, Ariostea Italian High-Tech Wood tile, and Toto toilet.

Not wanting the upstairs bath to be outdone, it too underwent an extensive designer remodel in early 2016 also with radiant floor heat, Ariostea Italian High-Tech Wood floor tile, Honed Italian MaxFine Calacatta wall tile, Toto toilet, and a wonderfully situated window which make tub soaks and showers feel as if you’re in the garden.

In addition to the remodeled designer master suite, kitchen, and luxury baths, this home contains a total of three bedrooms, approximately 1595 square feet, parking for one car, a woodburning fireplace, hardwood floors with original detailing, high ceilings, views, hallway skylight, a “Romeo & Juliet” balcony from the second bedroom to the garden, a deck off of the kitchen perfect for outdoor dining/entertainment (and of course barbecuing), plantation shutters, new water main, new furnace, tankless water heater, stackable washer & dryer, recessed lighting, and a newly installed irrigation system to keep the amazingly lush garden alive and well.

This home…you must see.

Details:
List Price: $1,295,000
Sold Price: $1,400,000
3 bed
2 bath
1 car parking
Remodeled Kitchen, Baths, Master Suite
Radiant Floor Heating in Baths
Ariostea Italian High-Tech Wood tile
Hans Grohe Fixtures
Woodburning Fireplace
Hardwood Floors
Lush Landscaped Front and Rear Garden
Irrigation System
Stackable W&D
Tankless Water Heater
Recessed Lighting
Plantation Shutters
Views
New Furnace
Toto Toilets

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

Contact me for details about this sale, or to talk about selling your home:

8 Buchanan #612

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

I am pleased to announce another successful transaction completed where we had the pleasure of representing the sellers of this amazing view property. Congratulations to the buyer, as well as my wonderful clients who are now officially off to Oregon. Lots of rain coming…get good rain gear.

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

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]

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%
SOLD | 762 Great Highway

For Sale | 762 Great Highway #3 | Outer Richmond | $1,095,000

You can’t buy property in San Francisco any further West…this is it…where the land ends and the Pacific Ocean begins. Marvel in the ebb and flow of ocean life from your living room (spot dolphins, whales, sea lions, surfers, kite surfers, and ships going by), escape the City life, catch every sunset from your couch kitchen or dining table, walk the beach every morning, experience the surrounding parks and abundant nature right out your front door.

Situated on the Western-most edge of San Francisco, 762 Great Highway #3 is a top floor, approximately 1491 square foot, Panoramic Ocean View residence with 3 bedrooms, 2 bathrooms, designer remodeled kitchen, refinished hardwood floors, high ceilings, new gas fireplace, in unit Washer & Dryer, Viking range, Dishwasher, new carpet, new paint, abundant natural light, 1 car parking (as well as parking permit for private street), storage, shared yard, and 4 miles of Ocean Beach enjoyment at your fingertips.

If Ocean Beach doesn’t keep you busy, you’re also a stone’s throw from: Land’s End hiking trails; the ruins of Sutro Baths; Sutro Park; Cliff House & Beach Chalet Restaurants; Lincoln & Golden Gate Park golf courses; Beach Chalet Soccer Fields; Golden Gate Park; Balboa Corridor shops and restaurants; Safeway; and so much more. The location of this property also makes for an easy commute to the South via the Great Highway, as well as proximity to the Golden Gate Bridge and points north.

Welcome to Pacific Ocean living at it’s finest.

Property Details:
$1,095,000
Top Floor
Approximately 1491 square feet
3 bed
2 bath
1 parking (plus permit for private street)
Fireplace
Hardwood Floors
New Carpet in Bedrooms
Remodeled open kitchen
Viking Gas Range
In Unit Bosch Washer & Dryer
Bosch Dishwasher
Shared Yard
Skylights
Panoramic Ocean Views
Hoa Dues $200/month (plus $225/quarter for larger HOA)

Showing Schedule:
Sunday 10/9, 2-4pm Open House
Tuesday 10/11, 11a-12:30p Open House & Broker Tour
Thursday 10/13, 5-7pm Open House
Saturday 10/15, 2-4pm Open House
Sunday 10/16, 2-4pm Open House
Private Showings Upon Request

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

03a

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

SOLD | $3,200,000 | Alamo Square

SOLD | McCormick Queen Anne Flats | Alamo Square | $3,200,000

Congratulations to my wonderful clients on their (way below list price) purchase of this amazing property known as the McCormick Queen Anne Flats just a stone’s throw away from Alamo Square Park.

Built in 1894 by architect Absalom J. Barnett, a resident of the Western Addition, for William and Margaret McCormick in the hope that their daughters would live close to them when they married, this magnificent storybook Queen Anne Victorian is 6,000+ square feet, and loaded with Victorian details.

What an amazing property! Congratulations to everyone involved. My client’s lender was outstanding, the other agent was easy to work with, which all made for a very smooth and ideal transaction. Thank you everyone for your professionalism, and calm.

Originally listed for $4,150,000, my clients scored it for $3,200,000.

Buyer represented by Alexander Clark
theFrontSteps
Keller Williams Luxury Realty

For details about this transaction, please do not hesitate to contact me. In the market to sell your trophy property? I can help…I seem to be attracting the Queen Annes lately.

179 Carl, Cole Valley Queen Anne Sold [theFrontSteps]

stanyan

If It’s Not Selling Over, It’s Selling Under

Top 10 Underbids in San Francisco this past week:

Address BR BA Parking List Price Sold Price Underbid
1219-1219A Stanyan Street N/A N/A 2 $2,579,000 $2,100,000 -18.57 %
1111 Bay Street 2 2.00 1 $1,199,000 $1,000,000 -16.60 %
677 Ellis Street N/A N/A 0 $2,695,000 $2,275,000 -15.58 %
338 Spear Street 2 2.00 1 $1,999,999 $1,799,000 -10.05 %
39 Carmel Street 2 2.00 1 $1,995,000 $1,800,000 -9.77 %
21 Dalewood Way 2 1.00 1 $995,000 $915,000 -8.04 %
3959-3961 Washington Street N/A N/A 1 $5,300,000 $4,995,000 -5.75 %
1650 Broadway 3 2.50 2 $5,395,000 $5,100,000 -5.47 %
354 Roosevelt Way 3 3.00 1 $1,795,000 $1,700,000 -5.29 %
1450 Post Street 2 2.00 1 $709,000 $675,000 -4.80 %