2013 was the year that aggressive overbidding for San Francisco properties returned in full force. It does appear that, based on January 2014’s numbers, buyers are calming down ever so slightly when it comes to throwing money at houses and condos.
But I did manage to find three homes that attracted buyers who were wiling to pay 25% or more over the last price. Say hello to the latest members of the SF Overbidders Club:
746 South Van Ness #A
The Mission
3BR/2.5BA
List Price: $863,824
Sale Price: $1,210,000
Overbid Amount: 40%
Closed Escrow: 1/9/14
We can always count on a 3BR Mission condo to attract a cash buyer who’s ok with paying 40% more than asking. This unit is remodeled, with garage parking and patio, as well as a shared yard among the three units in the building.
237 Sanchez
Eureka Valley
2BR/1BA + in-law unit
List Price: $1,195,000
Sale Price: $1,500,000
Overbid Amount: 26%
Closed Escrow: 1/3/14
Featuring a 2BR main house with a 2BR in-law unit downstairs, 237 Sanchez captured the attention of buyers who most likely really wanted to be in this Castro/Duboce Triangle location. No garage, but who needs one when you have Muni right nearby?
200 Amber
Diamond Heights
4BR/2.5BA
List Price: $1,299,000
Sale Price: $1,670,000
Overbid Amount: 29%
Closed Escrow: 1/10/14
It’s not that often that a cash buyer swoops into sleepy Diamond Heights and bids way up on a home. But that was the case for 200 Amber, an Eichler with a lot of bedrooms. Located half a mile from Safeway and the Diamond Heights shopping center, this house also has hills/canyon views.