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February 19, 2016

Just Sold: Noe Valley Senior Condo

3953 24th St LR1

I first listed the adorable 1BR/1BA condo at 3953 24th Street #6 in a prime Noe Valley location back in October 2015. The building was zoned for occupants 62 or older, so the buyer pool was limited. We had a few serious buyers through, and one accepted offer that ended up unfortunately falling out of contract.

We decided to continue marketing the property, knowing that the new owner of the senior condo would come along sooner or later. And she did, in mid December. My seller accepted her offer at the full $550,000 price, with a big contingency: The buyer had to first sell her own house out of the area, and then could purchase 24th Street.

The buyer’s house quickly went into contract, but the contract fell out. However, she found a buyer in the new year who was able to pay all cash and close by mid February. It was a bit tricky, but everything worked out. 3953 24th Street #6 now has a new owner who is thrilled to have a great place in San Francisco!

Even in the current frenzied market, there are sales like this that demand some creativity and flexibility—and can end up working out great for everyone involved.

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