Archive for the ‘Snatched Up’ Category
August 3, 2009
A gorgeous Haight Ashbury Victorian continues to stand out in my mind from last week’s Broker Tour. Why? Quite simply, it’s the price tag.
1424 Page Street
1424 Page Street hit the market on July 24th for $1,089,000. “So what”, you might say. Well, this single family home boasts 4 bedrooms, 3 full baths, an in-law suite downstairs, and close to 2,500 square feet of living space. The home is situated on a tree-lined portion of Page. And the price? Well let’s just say Read the rest of this entry ?
Posted in Haight Ashbury, Neighborhood Info, Snatched Up | Tagged 1424 page street, good values, Haight Ashbury, san francisco real estate, victorian homes | 4 Comments »
June 25, 2009
Following up on a story from June 8th about a home with “prime potential” in the Marina, we now have the final scoop. The home at 230 Cervantes, which we wrote about HERE, needs some work and was listed for $1,849,000. Final sales price? It went 20% above asking at $2,200,000.
Just to clarify, does that mean 20% above market value? Ummm, no. Our feeling was that the home was intentionally underpriced to create some buzz, which it most certainly received. And if you’ve been reading our blog for a while, you’ll notice that we put very little stock in an asking price.
230 Cervantes closes for $2.2
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Posted in Marina, Snatched Up | Tagged 230 cervantes, closed sales, Marina, san francisco, san francisco real estate | Leave a Comment »
June 25, 2009
4322 25th Street hit the market less than a week ago and has already been snatched up. The MLS status went straight from “Active” to “Pending”, which means someone went in with no contingencies (and likely all cash). The Noe Valley home scored 4 stars on our latest Tuesday Tour and features 4 bedrooms, 3.5 baths, on three levels. Two car parking and high end finishes round out this newly constructed home. List price? $2,599,000.
4322 25th Street
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Posted in Noe Valley, Snatched Up | Tagged amazing homes, fast sales, Noe Valley, quick sales, san francisco, san francisco real estate | Leave a Comment »
June 8, 2009
We first wrote about 230 Cervantes a couple weeks ago on our Tuesday Tour Show-Stoppers post. The house struck us as a prime opportunity to own a spectacular Marina home with one of the largest lots on the block. The 4 bedroom, 3 bath home needs some work, but with its beautiful period details, spacious interior, and stellar location, our minds teemed with possibilities.
Listed for $1,849,000, the home wasted no time getting into contract. Matter of fact, it skipped the contingency period and went straight to “Pending”. We’ll keep an eye out for the final sales price, and as we wrote a couple weeks ago, “looks like 230 Cervantes could be another 765 Sanchez in the making.“
230 Cervantes
230 Cervantes
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Posted in Marina, Neighborhood Info, Public Listings, Snatched Up, Taking You Inside | Tagged 230 cervantes, amazing real estate potential, fixer upper, Marina, san francisco, san francisco real estate | Leave a Comment »
June 5, 2009
Do not pass Go, do not collect $200. One of the homes we rated 5 Stars on Tuesday’s Tour just went directly into Pending Status today. 2332 Washington is an exquisite home and we’re not surprised it got snatched up so quickly. The home has a total of 4 bedrooms, 4.5 baths, around 4,790 square feet, and was built in 1906. Completely remodeled with period details restored, the home packs in a lot of charm while delivering plenty of modern-day amenities. Listed at $4,495,000, we’ll be curious to see what this one sells for (if it is disclosed).
Here are some pictures in case you missed visiting it while it was on the open market (which was only 10 days).
2332 Washington - A humble facade with a dazzling interior.
Lush vegetation surrounds the bright breakfast area.
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Posted in Neighborhood Info, Pacific Heights, Public Listings, Snatched Up, Taking You Inside | Tagged 2332 washington, amazing homes, Pacific Heights, san francisco, san francisco real estate, sold quickly | 2 Comments »
May 22, 2009
When it comes to real estate, some things never change. One of them is location. Once you choose a spot, well, you have to be happy with that spot. And some spots are so superior to most everything else that they result in the fastest sales.
Case in point, 765 Sanchez, which hit the market on May 1, 2009. Just 11 days later, the home was not only in contract, it had closed escrow (which screams ‘all cash buyer’ when escrow is that short).
The home, a fixer with plans, sits high in Dolores Heights with drop-dead views of the City and nothing slated to block its view in the future. Its potential to shine with the right renovations and decor is huge. It was listed at $3,250,000 and sold for an undisclosed amount. The home boasts 3 bedrooms, 2.75 baths, around 3,271 square feet, and was built in 1959. The list price was about $994/square foot, and if this home sold near asking, represents the highest sale in District 5 so far in 2009.
765 Sanchez Exterior
Why this spot is adored...
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Posted in Dolores Heights, Home Buying, Home Selling, Neighborhood Info, Snatched Up, Taking You Inside, Tips | Tagged 765 sanchez, all cash, district 5, dolores heights, fast sale, liberty hill, location, san francisco, san francisco real estate | 3 Comments »
April 27, 2009
Well, our dream has now evaporated. We wrote about 3041 Laguna the other day on our Tuesday Tour Showstoppers post and the new listing is now under contract. The 5 bedroom, 4.5 bath home located just steps from Union and a stone’s throw from Chestnut, is that much closer to becoming a reality for some lucky buyer out there. We’ve embedded a slide show of the home in this post, but must warn you, the photos do not do this place justice. The pictures make it look like some cheap IKEA pad, but we assure you, this home has all the right stuff. Congrats to whoever snatched it up and to the agents for making swift work of that one. It just goes to show, San Francisco’s most desirable properties continue to get the attention they deserve. As for us — we’ll just have to wait until next time it hits the market.
3041 Laguna
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Posted in Cow Hollow, Neighborhood Info, Public Listings, Snatched Up, Tips | Tagged 3041 laguna, dream home, quick sale, san francisco, san francisco real estate | Leave a Comment »
April 20, 2009
Tsss… tssss – what’s that? The sound of burgers on a grill? Not quite. It’s the sound of 15 properties in District 5 that sizzled last month. We looked at all closed sales from 3/15/09 to 4/15/09 in the district and isolated the ones that went under contract the fastest and ended up closing. Here are some bullets before we publish the list:
- There were 41 sales in the district from 3/15/09 to 4/15/09. This includes single family homes, condos, TICs, stock co-ops, and lofts.
- 15 of those closed sales went into contract in 20 days or less, making our sizzler list.
- That means out of all the sales in the past month, 37% were smoking hot. That’s pretty impressive. And we’re not cheerleading the market – numbers are numbers.
tssss tssssssss
The purpose of this info is to understand why certain properties sell like hot cakes while others languish. That’s why we’ve created a report that shows a property photo along with detailed descriptions for our sizzlers. Click HERE to see the report. And full disclosure — the report is embedded on our website, so if you’d prefer not to see our mugs, don’t click the link.
For similar articles, click HERE.
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Posted in Micro-Level Info, Nerdy RE Analysis, Snatched Up, Tips | Tagged district 5, fast sales, hot properties, quick sales, san francisco, san francisco real estate | Leave a Comment »
March 31, 2009
Four properties in Districts 7 and 8 have recently been added to our “Snatched Up” list. They all hit the market and were under contract in just a couple weeks, spending more time being advertised than Ed Jew has left as a free man. The purpose of our “Snatched Up” articles is to show what types of properties the market is demonstrating an affinity towards. Much can be learned from examining homes that go under contract quickly, particularly in a slower market. We hope you find it helpful, either as a buyer, seller, investor, or owner, and we’ll be covering more districts soon.
Can I get a parking space with that?
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Posted in Snatched Up, Tips | Tagged district 7, district 8, fast sale, homes that sell quickly, in contract, san francisco, san francisco real estate, Snatched Up | Leave a Comment »
March 3, 2009
Yes way. It happened a few days ago at 141 Albion, a charming Victorian-styled building which was purchased in 2008 by a developer and turned into 2 dazzling units.
One of the units will be kept by the developer and #141 is for sale. Listed at $995,000 just over a week ago, it received multiple offers and is now in contract. All indications is that this one’s going over, folks. If you toured the property you know just how sweet it is. Towering ceilings, skylights everywhere, living space on 3+ levels, and around 1,800 square feet, this home has it all. Three bedrooms and three and-a-half baths provide ample space for you and your fellow urbanites to crash after fun nights out at this happening location.
If you missed out on this high quality remodel and particularly love the block, the developer has plans to build a 4-unit building next door (to the right of this building) beginning sometime in the next year or two. The renderings suggest it will be a more modern style.
Could this be a shot in the arm for the struggling TIC market? Mmm, that’s a shaky call. Since this is a 2-unit building with a clean eviction history it will be on the fast track to condo conversion, taking just 12-24 months to transition property types.
What is a shot in the arm, however, is the ridiculous amount of open house traffic this place received, the multiple offers, and the market showing strength for high quality, unique homes.
141-143 Albion
141 Albion - Old meets new
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Posted in Mission Dolores, Neighborhood Info, Public Listings, Snatched Up, Tips | Tagged 141 albion, 143 albion, condo conversion, Inner Mission, Mission Dolores, multiple offers, san francisco, san francisco real estate, tenancy in common, tic | Leave a Comment »
January 19, 2009
1855 Jones (at Green) hit the market on January 9th and just 8 days later, has been snatched up. The luxury condominium sits high atop Russian Hill in one of San Francisco’s most prestigious locations. Elegant finishes and bay views abound from this 4 bedroom, 3 bath, ~2,573 square foot beauty. Originally built in 1939, the building and the 2 units within have been remodeled and are ripe for city living. The home has two levels, one of which is completely dedicated to the master suite. The list price was $2,395,000. We’ll be keeping tabs on the final sales price when it closes escrow.
Here is a photo tour of this magnificent residence, and remember, the purpose of our series “Snatched Up” is to demonstrate what the market is currently showing a strong affinity towards:
1855 Jones Street - Building exterior
As you enter...
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Posted in Neighborhood Info, Russian Hill, Snatched Up, Tips | Tagged 1855 jones, condo, condominium, prestigious, quick sale, remodel, russian hill, san francisco, san francisco real estate | Leave a Comment »
January 13, 2009
120 Eureka Street, a remodeled Victorian condominium in a two-unit building, hit the market on January 2nd. Six days later it was in contract. The three-bedroom, one-and-a-half bath condo measuring ~1,473 square feet has many characteristics that appeal to today’s buyers in San Francisco. Historic charm, high ceilings, beautiful hardwood floors, plenty of natural light, decorative mouldings, updated bathrooms and kitchen, and gorgeous landscaping. Oh, and the exterior of the building is pretty sweet too. Here’s a look inside, and we’ll keep tabs on what this ends up closing for. The asking price was $1,039,000 and includes 2-car tandem parking.
Exterior is well-maintained and tastefully painted
Beautiful original details include the fireplace and mouldings
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Posted in Castro, Neighborhood Info, Snatched Up, Tips | Tagged 120 eureka, castro, condo, condominium, eureka valley, quick sale, san francisco, san francisco real estate, victorian | Leave a Comment »
December 22, 2008
Our series “Snatched Up” is more than just reporting on homes that have sold. The reason we write this particular series is because we are interested in what home characteristics the market is showing an affinity towards. It’s given that the market likes good prices and a good locations, but what about styles, palettes, and finishes? Sometimes we’re surprised by what we find.
By focusing on homes that sold quickly, at or near their asking prices, we are able to discern what the market is demonstrating a liking for. In this edition, we’re taking a look at 58 Cityview Way in Midtown Terrace.
58 Cityview Way - Not a 10 on curb appeal but does a good job working with what it's got, and has a tasteful, neutral palette.
This 3 bedroom, 1 bath home came on the market on November 20, 2008 for $800,000. It boasts ~1,150 square feet, has a landscaped yard, 2-car tandem parking, views of the ocean from the back yard, and was built around 1955. It went under contract in just 8 days and closed today (22 days on market) for $795,000, which is 99.38% of its asking price.
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Posted in Midtown Terrace, Neighborhood Info, Snatched Up, Tips | Tagged 58 cityview way, Midtown Terrace, quick sale, san francisco, san francisco real estate, single family home, sold | Leave a Comment »
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 26th Street
4036 26th Street
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Posted in Home Buying, Neighborhood Info, Noe Valley, Snatched Up, Tips | Tagged 2008, 4036 26th street, asking price, december, Noe Valley, sales, san francisco, san francisco real estate, single family homes, trends | Leave a Comment »
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 – Click to Enlarge
- 368-A Sanchez – Living Room – Click to Enlarge
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Posted in Castro, Neighborhood Info, Snatched Up, Taking You Inside, Tips | Tagged 2008, castro, condo, eureka valley, multiple offers, over asking, overbid, sale, san francisco, san francisco real estate | Leave a Comment »
