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August 3, 2011

Highs and Lows of SF Real Estate: House Edition

Part of taking the pulse of San Francisco real estate means noting the least and most expensive properties currently available. So here’s a look at this week’s two single-family home extremes:

Least Expensive:
1881 Oakdale, Bayview   

Lots of investors—and owner occupiers, as well—have been snapping up property in the Bayview district. This house at 1881 Oakdale is a teardown, as there’s no access to the property and it may not be safe to enter the premises. (It’s the blue home, above.) The sale will be conducted through probate requiring court confirmation. So if you’re a contractor/developer looking for a small project, this may be a good deal. They’ll be looking at offers on August 11th.

In terms of location, the property is three blocks from the Third Street rail, and another 14 to the condo complext at 5800 Third Street, where Fresh and Easy grocery store will be opening this month. And a little later in the year, Brown Sugar Kitchen and Limon Rotisserie will be opening. Closer to 1881 Oakdale will be Radio Africa and Kitchen, aiming for a Fall opening at Third and Oakdale.

Most Expensive:
2901 Broadway, Pacific Heights  

It takes time to find the right buyer for an Italian Renaissance hilltop mansion on the Gold Coast of Pacific Heights. And 2901 Broadway has proven to be no exception. On the market since April 2007, the 7BR/7.5BA property was originally listed at $55M, but has come down a bit since those heady days. But the home has some competition; there are three other mansions on the market in Pacific Heights ranging from $25M-$33.9M.

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