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April 26, 2018

What You Can Buy for Under $2M: 30 Days & Counting

We’re in the midst of the San Francisco Spring market, with properties going into contract and selling at a rapid pace.

But not every home lands a buyer immediately. In fact, there are 63 single-family homes and 155 condos/TICs that have been on the market for more than a month.

Many of these market sitters are listed for well above $2M. So buyers with that kind of purchasing power currently have a good property selection.

But there are certainly homes listed for less that may be more attainable for a majority of buyers. Here are a few of my picks:

650 Mangels

Days on Market (DOM): 57
3BR/3BA house, 1,686 sq ft, 1 driveway pkg
List price: $1,398,000

650 Mangels is a very unique home that could use a minor adjustment or two from its next owner. The property has a lovely detached main house that has an amazing upstairs master bedroom and bath (see photo). There’s a garden off the kitchen, and a smaller, second bedroom at the rear. The front building has a room upstairs, with an odd trap door where you can climb down a ladder to reach the bathroom, which takes up the space where you’d be parking. This is obviously the sticking point for many. In the end, you’re looking at a two-bedroom house with another room above the garage. I’d clear out that weird bathroom, restore the parking space and use the upper level for a family or media room. Good Sunnyside location with easy freeway access and a 1.1-mile, 20-25 minute walk to the Glen Park BART station. Listing courtesy of Climb Real Estate

333 Grant Avenue #501
Financial District

DOM: 48
1BR/1BA, 832 sq ft, 0 pkg
List price: $995,000

This 1BR + den at 333 Grant #501 has city outlooks and gets good natural light. There are slick finishes throughout, custom built-ins, hardwood floors, and in-unit laundry. HOA dues for this 47-unit conversion building are $832 and amenities include lobby attendant, elevator, private storage, bike rack and city roof deck with fire pit and herb garden. 333 Grant has a 100 Walk Score and is perfect for buyers who want to walk to their downtown office. Listing courtesy of Paragon Real Estate

461 2nd Street #658T
South Beach

DOM: 31
1BR/2BA, 1788 sq ft, 2 pkg
List price: $1,695,000

This ClockTower Loft penthouse has two bathrooms, two-car parking, and 1788 square feet. But it’s a little lopsided when it comes to having only one bedroom. However, it also has an additional enclosed room (no window) in case you want to put up a guest who’s not into getting a hotel room for a night. HOA dues are $734/month, with an additional $175/month for parking. 461 2nd Street is another location that’s good for downtown/SoMa workers, as well as South Bay commuters. Things can get a little busy on Giants game days, but that’s the fun of living downtown. There are restaurants, services and bars in pretty much every direction. Listing courtesy of Pacific Union International

Give me shout if you’d like to schedule a showing at any of these properties, I’m at 415.823.4656 /

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