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February 2, 2010

Good Deal: 2BR Telegraph Hill View Condo


Like a lot of properties currently on the market, 2017 Grant Avenue #1 was on the market last year at a much higher price. But the sellers have adjusted their price and their expectations, and I think this unit now offers good value for its $599,000 list price.

This first-floor condo in a 1960s-era, four-unit building has views of the Bay and Alcatraz, along with a galley-style kitchen. The size of the second bedroom is more suited to a home office or guest room (or both), and there’s one-car parking and storage. Square footage appears to be roughly around 750.

The unit was on the market initially at $698,000, and ended up at $659,000 before the sellers withdrew it in December 2009 after 101 days on the market. Its current asking price is definitely below that of other two-bedroom units in the area, though you need to take square footage into account. But for a buyer looking for views in a quintessential, classic San Francisco location, 2017 Grant #1 is a good deal.

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