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December 21, 2011

South Bernal Flip Not a Hit with Buyers


The lovely little house at 742 Andover in Bernal Heights was sold in February 2011 for $274,000, in an all-cash, bank-owned sale. On the agenda: install new electrical/plumbing systems; update the kitchen and bath; open up the floor plan; add a front deck and new rails, as well as a variety of smaller-scale cosmetic items.

Here’s what Andover looked like then:

The house still clocks in at only 720 square feet, but it’s much more stylish considering the modern finishes. I’ve shown this house twice, and in both instances, my clients thought the bedrooms were too small. Indeed, the bedrooms are more suitable to office or nursery use. And the location is a bit further south of Cortland than many buyers would like—far enough that you can hear the traffice from 280.

The $579,000 price tag may have to come down in the new year, unless someone scoops up Andover in the next week or so.

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