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November 14, 2012

What You Can Buy in Cole Valley


Cole Valley is an excellent option for buyers looking for a home that’s in proximity to public transportation, has a charming and useful retail area, and is near Golden Gate Park. The weather can be cold and foggy—though afternoons are sunny—and Cole Valley has a nice inventory of architecturally appealing single-family homes and multi-unit buildings.

The average price for a Cole Valley single-family home was $1,606,027 in the time period from June-November 2012, and the condo average was $991,500. That makes Cole Valley one of the more expensive neighborhoods in the city. The highest-priced condo was a new construction 3BR/2.5BA, three-level view home that sold for $1.5M in October, and two 3BR single-family homes sold for $2,175,000 over the summer.

Current Cole Valley inventory includes four condos, which is pretty slim (but not surprising, given the time of year). Here’s a closer look at three of those condos:

323 Parnassus

323 Parnassus is situated in a two-unit building, and has French doors off the dining room that lead to a lush, shared garden and deeded deck. There’s a spacious living room with fireplace, and small kitchen with stainless-steel appliances. One-car tandem parking is included, and HOA dues are $250/month. This unit just sold in March 2012 after being on and off the market since late 2011.

140 Belvedere

This top-floor, renovated Edwardian unit at 140 Belvedere has spacious rooms that include a formal dining room, well-appointed kitchen, and rear deck. Two-car tandem parking is included, along with additional storage and roof rights. HOA dues are $300/month. The building is a block and a half from storied Haight Street, and is certainly located in the thick of things. You have easy access to the shops on Haight and also on Cole. The unit was last sold in 2006 for $875,000.

264 Parnassus

Though 264 Parnassus is on the smaller side (945 square feet), it has a very functional 1940s floor plan and was remodeled in 2009. The kitchen is great, and there’s a very large shared garden. 264 Parnassus features one-car parking, additional storage and HOA dues of $280/month. The unit has been on the market for 48 days, so it might be a good time to approach the sellers with an end-of-year offer. Original list price was $798,000.

Cole Valley Snapshot

Near public transportation to downtown
Cute retail area, from gyms and bakeries to pharmacies and cafes
Proximity to Golden Gate Park
Architecturally appealing
Tree-lined streets

Weather can be foggy and cool
Can get street activity spillover from Haight corridor

More Cole Valley Resources
Zephyr Neighborhood Profile
Nabewise Cole Valley Profile

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