You heard us correctly. Not too long ago, 1090 Chestnut #7, a 4 bed, 3.5 bath, 3300 square foot “co-op” came on the blocks, and quickly went off…$1,000,000 over what they were asking. That makes $1500/square foot, and the best part is the low HOA’s of only $2444.26. –1090 Chestnut #7 [MLS]
Tag: theFrontSteps
Second tower at One Rincon Hill going up…soon.
J.K. Dineen of the San Francisco Business Times (highly recommend getting a subscription if you haven’t already) reported in their latest issue, “Developer Michael Kriozere plans to begin construction on the second tower of One Rincon Hill by the end of the year…” (photo credit: sfcondo.org, this is a view from The Infinity to One … Continue reading Second tower at One Rincon Hill going up…soon.
Heritage Marina Hotel going Condo! (2550 Van Ness Avenue)
“An investment group comprised of Canadel Development in Canada, and Polar Investments, an Israeli company controlled by Ziel Feldman, paid $25 million for the hotel. They plan to convert it into 100 luxury condominiums and add additional space. The conversion is expected to take 18-24 months, and cost $54 million.” “Proceeds from the final sale … Continue reading Heritage Marina Hotel going Condo! (2550 Van Ness Avenue)
More Comparison Shopping: Sydney, Australia
This is simply for those that love to compare, and broaden your knowledge of real estate around the world. This comes from one of our readers in Sydney Australia. Sydney has claimed the top spot for Australia’s most expensive city, in terms of real estate, with a median home price of $515,800 ($440,655 USD). Some … Continue reading More Comparison Shopping: Sydney, Australia
149 Mangels, the $524,000 “dump” that slid away…no fault of the property.
The money Realtor quote, “We just sold this dump for $125,000 over asking price! Imagine what your property is worth!” That dump was “built in 1909 and completed in 1910 for $750”, came on the market for $400,000 (memory tells me it was actually $399k), and sold for $524,500. In case you missed the article … Continue reading 149 Mangels, the $524,000 “dump” that slid away…no fault of the property.
Stump the Stammtisch: When new developments begin listing on MLS, is this a sign of a weakening in sales?
This is a very good question that recently came from a reader. Let’s see if our Stammtisch can help her out. If you don’t know the answer, maybe someone next to you does. If we get stumped, we’ll find someone who can help. “Hi, I saw your blog and have a question for the experts… … Continue reading Stump the Stammtisch: When new developments begin listing on MLS, is this a sign of a weakening in sales?
Is San Francisco still a Seller’s Market?
Without even asking the Realtor members of our Stammtisch what they thought, we could bet that all of them would consider our market very much a seller’s market. It appears from this recent Forbes.com article, we’re not alone in thinking that. And based off of his/her comments, we’re guessing “boomtime” would as well. (Thanks for … Continue reading Is San Francisco still a Seller’s Market?
Hug it out…
Heated discussions, a good question, a fair bet, and some comparison shopping has gotten me all worked up. In an effort to get ready for the weekend, help relax, lighten the mood up, and forget about the market and real estate, we invite you to check out: Zebda – Tomber la chemise [this is a … Continue reading Hug it out…
Another Stammtisch question: Should the full MLS be available to the public?
In one of our recent posts wondering why realtors are arrogant and a$$holes, Eddy brought up the topic of MLS, “It’s a separate discussion; but the full MLS should be available to consumer(s) on a subscription basis.” Should it?
The Montgomery (74 New Montgomery) 107 New condo residences
“Unveiled to San Francisco in 1914 as The Call Building, The Montgomery has long been an architectural gem. Now, having undergone a [$70MM conversion from office to residential space], seismic retrofit, and complete interior redesign, The Montgomery combines the finest elements of interior modern craftsmanship to complement its elegant architectural exterior. It stands as the … Continue reading The Montgomery (74 New Montgomery) 107 New condo residences
“Why are Realtors so arrogant and such assholes?”
I can’t believe I am going to print this letter to the Editor, because, well…we’re mostly a community of Realtors bringing this information to you. But, I think there may be something to gain from this little quote if we get some good comments. “Dear Editor, I really like your blog and think it is a … Continue reading “Why are Realtors so arrogant and such assholes?”
“boomtime” on 1771 Northpoint…an update
We won’t even come close to taking credit for this catch. All credit goes to “boomtime”, who, if he/she would like, definitely has a seat at the Stammtisch. “1771 North Point is in contract after 2 weeks on the market for public showing! Wagers? I guess $4.65 mil.”[asking $4,995,000] –MLS Statement –1771 North Point, a … Continue reading “boomtime” on 1771 Northpoint…an update
610 Rhode Island: my take
By Alexander Clark Okay, so I had the chance to nose around 610 Rhode Island (asking $2.3MM) yesterday, and I gotta say, it was impressive, but I was not impressed. In our previous post I was practically frothing at the mouth to get in there…and I’m glad I did. This is not to say I … Continue reading 610 Rhode Island: my take
San Francisco ain’t got nothin’ on Moscow
For all the complaining we do about how expensive this city is (especially real estate wise), maybe it’s time we zip it. San Francisco doesn’t even crack the top 50 of the world’s most expensive cities, Moscow earned top honors, and this is what $1,000,000 buys you in Moscow. Obviously we pulled the pictures from … Continue reading San Francisco ain’t got nothin’ on Moscow
Re-run: NYTimes Interactive Graph, rent vs. buy
It seems we have many, many new readers who may or may not have seen our original post as to whether it is better to rent or buy. In some of your comments regarding the “California Real Estate Crisis” , the topic has come up again, so we thought we’d give you another shot at playing … Continue reading Re-run: NYTimes Interactive Graph, rent vs. buy
The Lambourne (725 Pine, Nob Hill): Model residences now open
Located at 725 Pine, in the “heart of Nob Hill”, The Lambourne will be “22 studios and one bedroom pied-a-terre urban residences” with “European design elements by Charles DeLisle of Your Space Interiors”, hardwood floors, “petite” Scavolini kitchens with stainless steel appliances, priced from the $300’s to $500’s. Bathrooms sound nice too, with “Carrera marble … Continue reading The Lambourne (725 Pine, Nob Hill): Model residences now open