Well, you can take comfort in knowing that no one is immune.
(Click to enlarge, that is a REAL parking ticket)
Evidently, this is someone's personal vehicle and they thought they could pull a fast one
We figured after passing 25,000 hits today (which is a humble number, but a big milestone for us!), we’d celebrate with a little comic relief… and maybe a cocktail later. Cheers.
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840 Powell #702 hit the market a few days ago and after visiting this past Tuesday, we have to say it’s quite the pad for view lovers. Situated on the top floor of a notable Nob Hill building, this home has 3 bedrooms, 3.5 baths, and approximately 3,038 square feet. Located at the intersection of two cable car lines with close proximity to Union Square, the Financial District, Chinatown, and North Beach, this spot is tough to beat.
The penthouse condo has a surprisingly open floor plan for its location in an older building, and the home has nice separation between the bedrooms and the living areas. There is no shortage of windows either, which lets the city lights pour into unit from all angles.
Listed at $3,500,000, 840 Powell #702 comes with 2 car parking, a wood-burning fireplace, gorgeous coffered ceilings, a formal dining room, a sun-room, storage, all within a door-man building. Here are some pics:
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Then what would you say if I told you there was no dwelling to go with it? That’s right. There are two parcels for sale right now that are roughly $1,000 per square foot just for the land. Any guesses as to where they are located? Nob Hill and Pacific Heights. Both come with approved construction plans.
We’re wishing we had a little spare change to get into a long-term play at 770 Powell. It’s approved for 9 luxury condo units with 11 parking spaces and will be called “The Bentley”. Penthouse units will feature over 4,000 square feet each. The lot itself, which is priced at $6,000,000, is around 6,100 square feet or .14 acres. This equates to a price per square foot for the land of $983.61 (keep in mind this includes fully approved plans). As of this morning, it has been on the market for 44 days.
The Bentley
The spot
For info on the other pricey lot, continue reading –>
We’ve put together a chart that pits four of San Francisco’s most prestigious neighborhoods against one another… Russian Hill, Nob Hill, Pacific Heights, and the Marina. Median condominium values were plotted over a 14 year history, dating back to 1995 (this is as far as MLS will go). We adjusted the median prices to account for inflation so we could isolate market appreciation.
And around the final corner, it's Nob Hill in front... Nob Hill in front!
How did they fare?
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
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What is “The Shallot”? It is our version of “The Onion“… smaller but just as stinky. We’ve been knee-deep in spreadsheets lately, so it’s time we had a little fun.
It happens all the time to people that live on San Francisco’s hills. Someone asks where you live and you reply, with a little stutter and hesitation in your voice as your brain fumbles around for the correct preposition to use, “I live in Nob Hill.” Really? You live in Nob Hill? How interesting. What, do you have a Hobbit as your next door neighbor? How are home prices doing in the Underworld?
Here's what it looks like IN Nob Hill
Welcome to “The Scale”. We’ll be taking a look at inventory absorption in different micro-markets around the City, and from the data, determine whether each neighborhood is a buyer’s market, a seller’s market, or in balance.
What type of market is it? It's time to judge.
How do we do this? The first thing we do is find out how many active listings there are in a particular neighborhood. Then we find out how many homes are selling on a monthly basis in that same neighborhood. We divide the active listings by how many homes sell in a typical month, and this tells us how many months of inventory exist in that neighborhood.
What does “months of inventory” mean? This means that if new listings were to cease coming on the market immediately, it would take this many months for all of the existing inventory (or active listings) to sell off. For example, if we find out that Nob Hill has 47 active listings, and an average of 10 sales take place during a typical month, this would mean that there are 4.7 months of Nob Hill inventory sitting out there. Thus, if no new listings hit the market in Nob Hill, it would take 4.7 months for that inventory to absorb (sell).
How many months of inventory are in your neighborhood?
“So what”, you’re thinking – why does this matter? Read the rest of this entry ?
There’s only one neighborhood that truly looks down on the Financial District, and that is Nob Hill. Fancy balls, galas, crystal chandeliers, and velvet ropes spring to mind. The area boasts some of the most incredible views of San Francisco and has the high-priced property to go along with them.
Looking up California Street, which climbs Nob Hill (Courtesy of Bill Storage photo)
We researched median sales prices in Nob Hill. The area is largely comprised of condos, co-ops, and TICs. Therefore, single family homes were left out of the analysis. What did we find? Read the rest of this entry ?
We were walking down the 1300 block of Pacific the other day and saw a bulldozer ripping an old building to shreds. Demolition of the site is just about complete, and excavation is beginning. What we know thus far is that a residential building will be built, with a time-line to completion of 1.5 years (so around spring/summer 2010). We’ll be keeping our eyes on what develops, and of course sharing the information with you.
Excavation on 1300 Block of Pacific - Click to Enlarge
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A new pocket listing* was sent out via email to San Francisco Realtors today. Perched high atop Nob Hill, this 1-bedroom, 1.5 bath pied-a-tierre boasts some of the best views of San Francisco that we’ve ever seen. We’re guesstimating that with its 25th floor location plus the elevation of ~250ft atop Nob Hill, the unit is equivalent to being on the ~50th story of a highrise at Bay or sea level. The location is of course primo– quintessential San Francisco.
The asking price is $2,895,000 and we’re wishing we had a little spare change to scoop it up. The property is located in 1200 California Street, a prestigious Nob Hill co-op. Check out http://www.1200California25A.com for details, or just click HERE.
1200 California #25A - View of Golden Gate
1200 California #25A - View of Financial District
1200 California #25A - Interior
*A pocket listing is a home that is not advertised publicly on the MLS.
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