Inside San Francisco Real Estate

Trends, tips & insights on San Francisco Real Estate

Archive for April, 2009

Feinstein’s Former Manse on the Market

Posted by insidesfre on April 15, 2009

feinstein2030 Lyon just came on the market for $4,495,000. The 6BR/6BA home on an oversized lot in Pacific Heights is the former home of Senator Dianne Feinstein. It was last sold in 1996 for $1,575,000.

The property features a Thomas Church-designed garden, library, family room, huge deck and four fireplaces. Here’s the garden: feinstein-garden1

Open this Sunday, April 19th from 2-4PM, in case you want to stop in.

Posted in North End of Town | Tagged: , , | 1 Comment »

535 Duboce: Good Value for a 2BR

Posted by insidesfre on April 14, 2009

535duboceFor those wondering what a two-bedroom, two bath condo in a central location costs in the current market, here’s your answer: 535 Duboce just closed escrow for $810,000 in an all-cash transaction.

This first-floor unit has one-car tandem parking (meaning you have to move one car out of the garage to get the other out), and the kitchen and bathrooms were not up-to-the-minute, high-end remodels. But at 1420 square feet, the selling price translates into good space for the money and location. It’s also located within a two-unit building, so you’re only dealing with one other owner.

Posted in Good Deals, Noe/Eureka Valley | Tagged: | Leave a Comment »

The Next Noe Project House

Posted by insidesfre on April 13, 2009

369duncanWithin a few weeks of me witnessing the presumed owner of 369 Duncan shimmying a tombstone out of the property and into a car trunk, the For Sale sign was slapped up on the exterior.

This 2BR/1BA Victorian “fixer” built in 1884 has about 1249 square feet and is now the latest magnet for contractors and developers looking for their next project in Noe Valley. And the comparative sale for the finished product is just a few doors away at 313 Duncan. This 5BR home was originally a small Victorian that sold a few years ago for $725,000. It was first listed about 170 days ago at $2,850,000 and just sold for $2.4M.

And I’m thinking removing the tombstone before the marketing period was a sound decision.

Posted in Noe/Eureka Valley | Tagged: , , , | Leave a Comment »

St. Regis Rides Again

Posted by insidesfre on April 10, 2009

188-minnaWith a lengthy history of price reductions and agent changes stretching back to the Fall of 2008, 188 Minna #25D in the St. Regis Residences finally sold this past week.

The unit, which features two bedrooms, two and a half baths, panoramic views and HOA dues of $2,236.35 monthly—tack on an additional $200 per month for a parking space—was originally listed in 2008 for $3,995,000. It was withdrawn from the market at the end of last year and relisted with a new Realtor for $3.2M, and ultimately sold this week for $2.5M after three subsequent price reductions.

Perhaps there are a few more buyers out there who can snatch up the other four St. Regis units on the market? Current two-bedroom offerings start at $2,250,000, and there’s a three-bedroom unit listed at $5.8M.

Posted in SoMa/S. Beach/M. Bay | Tagged: , | Leave a Comment »

Battle of the Bakers

Posted by insidesfre on April 9, 2009

1bakerEntering the market within two weeks of each other earlier this year, 1 Baker #3A and #4A continue to look for Haight buyers. These 2BR/2BA, 1337-square foot condos are neck-and-neck as far as price goes, with both experiencing price reductions in March.

In one corner is #3B, which first came on the market at $749,000, and is now down to $699,000. Its master suite overlooks Buena Vista Park. The unit was last sold in March 2005 for $701,000.

And in the other corner is #4A. Also originally listed at $749,000, its new price is $679,000. It’s a little slicker than #3B, with hardwood floors. Last purchased for $665,000 in December 2004, this unit will not break even for its current owner, either.

Will someone please step into the ring and buy one of these units? Sure, the 1982-era design isn’t as alluring as the other architecture in the Haight, but the square footage is generous, and parking is included for both units. The location is convenient for buses downtown, and you’re a short walk from the Castro and Hayes Valley.

Posted in Haight/NoPa | Tagged: , , | 1 Comment »

Condo Prices Hold Steady

Posted by insidesfre on April 8, 2009

Condo sales volumes were minimal in comparison to past first quarters, but again, prices held up. Areas such as Potrero Hill were given a boost by new construction buildings aimed at first-time home buyers. Once again, the mid-market selling range was king. Here’s a look at how some neighborhoods fared that cater to condo buyers:

Inner Richmond
# Sold: 1
Avge Price: $899,000

Inner Sunset
# Sold: 2
Avge Price: $750,000

Noe Valley
# Sold: 14
Avge Price: $794,071

Eureka Valley
# Sold: 7
Avge Price: $747,286

Mission Dolores
# Sold: 7
Avge Price: $787,143

Duboce Triangle
# Sold: 6
Avge Price: $862,333

The Haight
# Sold: 2
Avge Price: $835,000

Cole Valley
# Sold: 1
Avge Price: $760,000

Hayes Valley
# Sold: 1
Avge Price: $840,000

North Panhandle
# Sold: 6
Avge Price: $717,833

Pacific Heights
# Sold: 7
Avge Price: $763,667

Lower Pacific Heights
# Sold: 5
Avge Price: $669,200

Potrero Hill
# Sold: 13
Avge Price: $505,558

*South of Market
# Sold: 14
Avge Price: $693,343

*South Beach
# Sold: 17
Avge Price: $869,781

*Mission Bay
# Sold: 5
Avge Price: $611,700

*Limited to data provided in MLS; does not include data from sales offices in new development properties.

Posted in Market Snapshots | Tagged: , , , , , , , , , , , , , , , , , | Leave a Comment »

Checking Out Q1 House Averages

Posted by insidesfre on April 7, 2009

With volumes and prices down, the first quarter of the year opened with a whimper. Buyers were reluctant to make purchase decisions, and sellers held back from putting their homes on the market.

Most neighborhood averages were below $1M. That just supports my theory that the most popular price range continues to be $400,000-$900,000. Here’s a look at how single-family homes fared in a variety of neighborhoods:

Inner Richmond
# Sold: 2
Avge Price: $860,000

Inner Sunset
# Sold: 4
Avge Price: $793,200

Parkside
# Sold: 11
Avge Price: $719,000

Ingleside/I. Heights
# Sold: 14
Avge Price: $445,279

Miraloma Park
# Sold: 8
Avge Price: $831,375

Sunnyside
# Sold: 9
Avge Price: $684,333

Noe Valley
# Sold: 19
Avge Price: $1,291,605

Glen Park
# Sold: 8
Avge Price: $941,625

Corona Heights
# Sold: 2
Avge Price: $1,145,000

Pacific Heights
# Sold: 3
Avge Price: $3,524,500

The Mission
# Sold: 2
Avge Price: $592,625

Bernal Heights
# Sold: 11
Avge Price: $710,455

Potrero Hill
# Sold: 6
Avge Price: $952,333

The Excelsior
# Sold: 18
Avge Price: $529,411

Stop in tomorrow for a look at condo averages!

Posted in Bernal/Excelsior, Glen Park/Sunnyside, Haight/NoPa, Hayes Valley, Market Snapshots, Miraloma/West Portal, Mission/Potrero, Noe/Eureka Valley, Richmond, Sunset/Parkside | Tagged: , , , , , , , , , , , | Leave a Comment »

Pay Your Property Taxes This Week

Posted by insidesfre on April 6, 2009

Yes, it’s that time of year: The second installment for San Francisco property taxes is due this Friday, April 10th.

You can make electronic payments online at the
Office of the Treasurer and Tax Collector site, or by phone (1-800-890-1950). Keep in mind there is a small “convenience” fee for using these methods.

If you haven’t received your tax bill in the mail—say, if you’re a new homeowner—it’s a good idea to use the Treasurer site to look up your address, and check on what you may owe.

Posted in Homeowner Tips | Tagged: | Leave a Comment »

145 Swiss: Off Its Peak

Posted by insidesfre on April 3, 2009

145swissLast listed in March 2007 for $760,000 and sold amidst multiple offers for $900,000, 145 Swiss in Glen Park is back on the market for $799,000.

I recall this 2BR/1BA house with a small room and bath down as being very tiny overall—and was frankly shocked at the selling price. Locationwise, it’s a bit removed from the downtown Glen Park area, but about one block from the Canyon park.

We’ll see how this price does in the current market.

Posted in Glen Park/Sunnyside | Tagged: | Leave a Comment »

Check out CRIMEMaps

Posted by insidesfre on April 2, 2009

One of the best resources I’ve found for researching crime incidents in San Francisco is the CRIMEMaps Web site. Launched a few years ago by the San Francisco Police Department, the site allows you to type in an address and view all the reported incidents within a certain radius and within the last 90 days. It’s a great tool for those individuals who want to do their due diligence when considering purchasing a home.

The site’s interface is a bit text heavy and somewhat clunky, but it gets the job done. Once you type in your address and desired criteria, a map will appear with color-coded symbols indicating the various reported crimes nearby. You can click on the symbols to get the details. For example, I just clicked on a yellow dot and discovered there was a battery and assault incident right around the block from my home over the past week! CRIMEMaps is a lot of fun.

Posted in Home Buyer Tips | Tagged: , | 1 Comment »