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February 25, 2009

No Monster Home For You


141 27th Street in Noe Valley came on the market in the summer of 2008, I got a little nervous. This is the property directly behind me, and visions of vertical growth danced through my head.

But lo and behold, it appears the owner is doing a radical thing—renovations within the envelope of the existing structure. I took the photo above from my deck, and you can see that the owners are maintaining the scope of the original home. Listed as a major fixer/teardown for $637,500, the property made it to court in a partition sale with the bidding price set at $998,000. The home’s final selling price was $950,000.

The house will be on the market upon its completion, according to the agent who represented the buyers. Workers have gutted the property, replaced the foundation, and are creating a master suite on the garage level.

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