Welcome to our Top 10 TIC Countdown! We’ve ranked the ten most expensive TICs for sale in the City from lowest to highest. Interestingly, there are only 3 neighborhoods out of San Francisco’s 85 represented in this list. Any guesses as to what those are?
Russian Hill, Nob Hill, and Pacific Heights.
T.I.C. or BLING.I.C? You be the judge.
Here’s the rundown… and you may click on any bold address for more property details.
One of our favorite listings went under contract this past weekend. The serene “Country Cottage in the City” located at 2440 Filbert boasts one of the largest yards (that’s front and back) we’ve ever seen in District 7 and the type of charm you’d find in the rolling hills of an English countryside. Originally listed at $3,995,000 and dropped to $3,495,000 about 10 days ago, the Tudor-style Cow Hollow home features 5 bedrooms, 3 baths, and was built in 1925. We mentioned this home a few weeks ago on our Tuesday Tour Show-Stopper V post, and are happy to see that it has been snatched up. We’re sure the new owner will be having one heck of a bar-b-que.
That's some serious charm...
This is not the same yard as above... this is the BACKyard.
For more pictures of this amazing residence, continue reading –>
It’s happening. An article published by the Associated Press on Friday discusses how empty condo projects are now attracting the attention of higher education institutions around the country. Why? With the projects sitting empty and no sales occurring, some schools have been able to score killer deals on buildings, which will serve as student housing. HERE is the article, but if you don’t have time, here are a few quotes:
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“This is a bonanza of an opportunity … for universities to acquire the space they desperately need,” said Dan Fasulo, managing director of Real Capital Analytics.
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“They can’t sell them, they can’t mothball them, they can’t bulldoze them,” said Jack McCabe, a Florida-based real estate analyst. “Developers right now are looking for every way not to lose their projects into foreclosure.”
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“To build a facility of this quality for a university, there’s no way we could have done that for that purchase price,” said Nichole Johnson, a Capital University spokeswoman.
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Students at Johnson & Wales University will pay yearly rents of $10,383 for one-bedroom apartments and $9,249 to share a two-bedroom unit — comparable prices to on-campus dorms.
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People who run colleges and universities are pretty smart folks, and they’re seeing opportunity in today’s market that’s just too good to pass up. Good for them.
As a last point: If you’ve lost your job, maybe it’s a good time to head back to school and live better than most. After all, today’s average stainless steel fridge holds about 4 times as much beer as the old mini-fridges the rest of had in our dorms (if you were lucky enough to even have a mini-fridge). Oh to be a student again…
College is serious business
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