Archive for November 14th, 2008

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Pocket Listing in Telegraph Hill

November 14, 2008

We were in Telegraph Hill today watching them put up the scaffolding for the new Voight Tower, and toured a pocket listing at Vallejo and Kearny (450-454 Vallejo).  The building consists of 2 and 3 bedroom luxury units, decked out with modern kitchens, baths, and chocolate colored hardwood floors throughout.  Views, roof-deck potential, and situated on a quiet, dead-end street, this building has a lot going for it.  We love the location… just steps from Caffe Trieste and all the North Beach action.

The layouts were not mindblowing, but certainly functional.  Here are the pics.  They can describe the place much better than our words can:

Show me a map

450 Vallejo - Click to Enlarge

450 Vallejo - Click to Enlarge

450 Vallejo - Click to Enlarge

450 Vallejo - Click to Enlarge

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Snatched Up : Average Eureka Valley Condo Sells with 7 Offers

November 14, 2008

No, this isn’t your $6 million Noe Mansion or your $70 million St. Regis billionaire pad.  This is an average, run-of-the-mill condo with character in Eureka Valley.

368-A Sanchez came on the market on October 8th and had a ratified contract just 6 days later.  The owner and listing agent had to peruse through 7 different offers before picking the winner, an offer for $822,000 ($27K over asking) with a $5,000 credit.  For all intents and purposes, this place sold for $827,000, or $32,000 over asking.  The last time it sold you ask?  1999.  The owner purchased it for 107% of its asking price at the time, $525,000 (oh my gosh… they sooo overpaid)!  Furthermore, the condo is right across from a school.  Oh my!

On a serious note, this just goes back to what we’ve been saying about intelligently choosing your property and holding it for an appropriate amount of time.  Real appreciation can and will happen if you’re smart.

Here are pics, courtesy of me.

368-A Sanchez - Front
368-A Sanchez – Front – Click to Enlarge
368-A Sanchez - Living Room - Click to Enlarge
368-A Sanchez – Living Room – Click to Enlarge

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