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December 13, 2010

What You Can Buy for $375,000


It’s nothing fancy and there aren’t even any interior photos available, but a 2BR/1BA condo at 8 Keystone #2C in Mount Davidson manor has just been listed for $375,000.

I sometimes go to the gym right around the corner from this unit, and the location right at Ocean Avenue is not bad if you’re someone who wants close proximity to services and shops—not to mention Muni. The unit has about 937 square feet, one-car parking and is situated in a 12-unit property constructed in 1985. It’s also three stories above the street, so I’m guessing you’ll get decent light from its “wall of windows” that face south. The open floor plan has a large living/dining area, all-electric kitchen, and two spacious bedrooms. There’s also an in-unit washer/dryer (!) and an elevator. HOA dues are $360/month.

Neighboring unit 1C has been on the market as a short sale for almost four months, and that’s a first-floor 2BR/1BA with the same square footage. List price is $388,888. So the sale of this new #2C condo may move things along for #1C in terms of true market value.

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