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March 14, 2014

What You Can Buy in March: 21 Days & Counting

The San Francisco market is low on inventory right now. That means you have to dig a little deeper to find buying opportunities, especially for properties in desirable locations. One of my strategies is to take a closer look at homes that have been on the market for three or more weeks. The possibility of multiple offers is lower, and sellers may be thinking about taking a little less on their list price.

Here are three properties that I think are well worth considering at the moment:
555 Bartlett #321
The Mission

Days on market (DOM): 48
1BR/1BA, 1 pkg
List Price: $629,000
I’m a big fan of 555 Bartlett, as I sold a unit there in 2010 when the building was constructed. Unit 321 has upgraded cabinetry and quartz countertops in the kitchen and plenty of natural light. This particular unit is on the third floor and overlooks the landscaped courtyard (that has a bbq area). Very convenient location near BART, Valencia/Mission restaurants and easy freeway access. One huge plus is the newly landscaped Cesar Chavez, which has really transformed the look and feel of the street. HOA dues are $375/month in this 58-unit building, and parking/storage are included. #321 last sold in 2010 for $452,500.

920 Monterey
Westwood Highlands

DOM: 28
4BR/2BA, 1 pkg
List Price: $1,695,000
920 Monterey is an excellent option for buyers looking for a spacious Spanish Mediterranean home that’s been remodeled and is ready to go. First off, there’s the kitchen (above). It’s well appointed and has an island! There are also three bedrooms on the same level, as well as a master suite downstairs with a sitting area. Shoot down Monterey and you can jump on 280 or the Glen Park BART station. 920 Monterey was last sold for $1,775,000 in 2006.

1488 Harrison #102

DOM: 44
1BR/2BA, 1 pkg
List Price: $649,000
One of the best-priced lofts I’ve seen in a while, 1488 Harrison #102 is also very well maintained. In terms of outlooks, you’re facing Costco across the street. Though that’s not glamorous, it’s better than facing a brick wall and you’ll never be at a loss for toilet paper, wine or random electronics. There is a washer/dryer and full bath (full bath!) on the main level, and another full bath upstairs in the sleeping area. HOA dues are $419/month, and there’s an elevator in the building. From this location, you can walk to various SoMa and Mission restaurants and bars (Bar Agricole is around the corner). You’re four blocks from the Market and South Van Ness Muni Station, and you have very easy access to 101. #321 last sold for $350,000 in 2011.

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