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April 16, 2015

The Highs and Lows of SF Real Estate: April 2015 Edition

Our real estate market is moving at a brisk pace, so I thought it would be a good time to reflect on the least and most expensive houses and condos sold so far this month.

Single-Family Homes
Least Expensive House:
80 Seneca
Mission Terrace
Listed for $499,000 and sold nine days later in a cash transaction for $555,000, 80 Seneca was the rare house for well under $1M in San Francisco. The 750-square foot property needs a “full rehab” and only has one bedroom. But with the average house price in the neighborhood holding steady at just over $1M, these buyers can do their renovation and most likely end up with a property that holds its value.

Most Expensive House:
2367 Washington
Pacific Heights
2367 Washington has five bedrooms, four and a half bathrooms and 5500 square feet in a prime location within the neighborhood. The Beaux Arts-style home has it all, from a cascading stairway in the entry, to a great room off the kitchen and a lush garden with fire pit. The home was listed for $7,750,000 and sold in 40 days for $7.8M with no contingencies.

Least Expensive Condo:
2363 Larkin
Russian Hill
2363 Larkin was a below-market-rate (BMR) condo—and sold through a short sale. The 835-square foot one bedroom condo is in an architecturally appealing, 16-unit elevator building. List price was $316,939 and the property sold at the asking price via a lottery.

Most Expensive Condo:
765 Market #28D
South of Market
This corner unit at The Four Seasons is a beautifully appointed 3BR/3BA with 2569 square feet. The list price was $5,650,000, but the sale price was $5,475,000. Nonetheless, that means the buyer paid a little over $2100/square foot for the property, which features a living room with city views and two-car parking. HOA dues are $2436/month and cover many amenities, as well as earthquake insurance.

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