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November 11, 2009

What You Get For: $650,000

The market is definitely busy for those buyers who are working with conforming loans (up to $729,000). I thought I’d check out three very different offerings listed at $650,000. Today, we take a look at a condo in Lower Pacific Heights, a big loft in SoMa, and a cottage in Eureka Valley.

Let’s kick things off with 1309 Baker, a 2BR/1BA condo located on the outskirts of Lower Pacific Heights, at Post Street:
This 1400-square foot flat has 12-foot ceilings, one-car tandem parking, and a recently added rear sunroom. There are also two huge, deeded storage rooms. HOA dues are $200/mo. The property is in close proximity to Kaiser Permanente and some housing projects, so it’s not exactly prime Lower Pac Heights. Last sold in March 2006 for $710,000, the unit initially hit the market in April at $775,000, and the sellers have been trying to find that selling sweet spot ever since.

638minna 638 Minna #8 is in the “transitional” part of SoMa that may or may not ever dramatically improve. However, this 2BR/2.5BA, tri-level loft has 1622 square feet, two fireplaces, a shared roof deck, parking and storage. The HOA also recently settled an issue with the developer, so maintenance work is being completed and will be out of the way. HOA dues are a bit on the high side at $550/mo.

#8 went on the market in May at $715,000, briefly went into contract in July, and is now at a much more palatable $649,000 list price.

yukonThe very charming 169 Yukon recently came on the market in the Upper Market/Eureka Valley area. It is an adorable 1BR/1BA property with a paved driveway and garden. There’s a formal dining room, and the house does need some work. But for the money, this is a great condo alternative.

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