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February 6, 2013

What You Can Buy for $1M

Condos and single-family homes listed for $1M or less typically attract many buyers in the current San Francisco market. Here’s a look at what you can buy at the $1M price point in three desirable neighborhoods:

341 Presidio
Presidio Heights
2BR/1.25BA, 1307 sq ft
1-car parking
List Price: $998,000

341 Presidio is a spacious 1920s condo that features hardwood floors, a remodeled kitchen and bath, and best of all, a large private yard (above) that’s deeded to this unit. Such exclusive outdoor space is not typical for a condo in a three-unit building. The property is situated around the block from the Sacramento Street shops, is near Laurel Heights Village and is about 3.5 blocks to The Presidio.

575 Magellan
Forest Hill
2BR/2BA, 1343 sq ft
1-car pkg
List Price: $995,000

575 Magellan is a remodeled Spanish Mediterranean home located on a lovely, tree-lined block in the quiet and stately Forest Hill neighborhood. Though it’s missing that third bedroom everyone typically wants who looks for a home in Forest Hill, the main level offers a living room with fireplace, formal dining room, kitchen with eat-in area and a family room. The master bedroom has a walk-in closet and bath with skylight and heated floors. Just outside the family room is a walk-out patio, as well as a landscaped yard with Magnolia trees, lawn, hot tub and outdoor shower. 575 Magellan is a short distance away from the West Portal retail area and Muni station to downtown, as well as about a ten-minute drive to 280.

2152 Grove
North Panhandle
1-car tandem pkg
List Price: $999,000

2152 Grove is another spacious condo, this time in the Craftsman-style vein. The floor plan includes two large bedrooms in addition to a sunroom overlooking the yard. You also get two full-sized bathrooms (one is split), which is nice. The kitchen has been remodeled and the dining room offers floor-to-ceiling custom built-in bookcases and cabinetry. Buyers may pause at the fact that the parking is tandem, meaning you have to move one car out of the way to get in and out of the garage. And the property backs up to USF’s School of Law. But if you can get past the last two factors, this is great interior space and excellent proximity to Golden Gate Park. 2152 Grove strikes me as a good bet for parents looking to invest in a San Francisco property that their USF student child can live in while attending school. It’d be a fine prospect for a future pied-a-terre or rental property after graduation.

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