Archive for December 21st, 2008

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Ouch Baby, Very Ouch

December 21, 2008

Ever been curious as to how high HOA (homeowner’s association) fees can get?  We ran a search to see what condo in the City, that is currently for sale, has the highest monthly HOA fees.  Any guesses?  $3K per month?  $4K per month??  Try almost $5K per month for Penthouse B that is currently for sale at 1170 Sacramento in Nob Hill!  (the exact figure is $4,716 per month)

Keep in mind, this is just for all condos that are currently on the market.  We shudder to think about possible figures for condos that are not for sale.  But hey, riches are relative, right?  $5K a month in HOA’s is chump change to a lot of people, and if you’re from NYC, London, or Hong Kong, you’re probably smirking at how cheap it is here.

Here are some shots of the current “winner” of our HOA Fee contest:

1170 Sacramento

1170 Sacramento

More pics –> Read the rest of this entry ?

Posted in Countdowns & Rankings, Neighborhood Info, Nob Hill | Tagged , , , , , , , , , | Leave a Comment »

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Good Homes Still Moving

December 21, 2008

We’re aware that the title of the post makes us sound like market cheerleaders, but we assure you, we’re not.  We value the truth over everything, and we’re not afraid to tell it how it is.  There is no reason to cheerlead when opportunities abound in any market condition.  Besides, it’s just plain old corny.

However, it is great to know that one of our theories about the market seems to be holding up, and that theory is:

San Francisco’s desirable homes continue to sell near or above their asking prices, and values are continuing to drop for the homes that nobody wants.

Case in point, a sale that just closed yesterday (December 20th) at 4036 26th Street in Noe Valley.  This single family home hit the market during the extremely turbulent month of October and was on the market for just over a month before it went into contract and closed escrow within 41 days.  The 4 bedroom, 2 bath Victorian measuring ~2,021 square feet was originally offered at $1,398,000 and ended up selling for $1,365,000, which is 97.64% of asking.  Check out the pics:

4036 26h Street

4036 26th Street

4036 26th Street

4036 26th Street

For more pictures and info, continue reading –>

Read the rest of this entry ?

Posted in Home Buying, Neighborhood Info, Noe Valley, Snatched Up, Tips | Tagged , , , , , , , , , | Leave a Comment »

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