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September 11, 2013

What You Can Buy: 3BR Houses for $1M

Ah, a three-bedroom single-family home in San Francisco—the holy grail of local real estate.

There are currently 102 such houses on the market as of this writing, at an average list price of $1,206,627. But the good news is that there are plenty of homes available. It’s just a matter of being flexible about what you may need—and which neighborhood you’d like.

I found a trio of cool 3BR houses to consider which are below the citywide list price average, in three very different neighborhoods:
1723 22nd Avenue
Central Sunset

3BR/2BA, 1530 sq feet
1 pkg
List price: $927,000

This very charming, Marina-style home has good curb appeal, interior 1930s period detail, and upgraded kitchen and baths. There are two bedrooms on the main level, and a third on the garden level. There’s also a large garage and a really sweet yard. 1723 22nd Avenue came on the market on August 21st, and is not selling at its current $927,000 list price. I’m honestly not sure why, other than that buyers are recognizing that the house may be worth around that price and are wary of having to bid higher. If I were interested in the house and neighborhood, I’d schedule a showing and try to take advantage of a market opportunity. Plenty of public transportation nearby, and 19th Avenue puts you on the right track to the Golden Gate Bridge for North Bay commutes.

70 Sheridan

3BR/2BA, 1359 sq ft
2 pkg
List price: $995,000

A house in SoMa? This rarity at 70 Sheridan is perfect for anyone who loves urban living and also would love the privacy that a single-family house can provide. Renovated in 2006, the property is a mashup of 1920s period detail and more contemporary finishes, and has a huge garage. There’s a freestanding shed in the yard, which you may be able to put to good use for something like guest space or a home office. One thing to note: The property is zoned RED (residential enclave district), so you should check with your lender to make sure there won’t be any complications with your loan if you’re purchasing 70 Sheridan as your primary residence.

30 Molimo
Miraloma Park

3BR/2BA, 1970 sq ft
1 pkg
List price: $989,000

30 Molimo is a very gracious, detached home with East Bay views and an updated, eat-in kitchen. Downstairs are the third bedroom, second bath and family room. Molimo is a quick drive to Mollie Stone’s, the West Portal retail area and 280. Warm weather is not Miraloma’s strong point, but what you do get are wide, open tree-lined streets and nice front yards.

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