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March 14, 2011

What You Get For: $850,000

The $850,000 price range is one of the most popular in San Francisco. Buyers in this range are typically looking for either a house or a very centrally located condo or TIC. So I thought we’d take a look at one of each:

32 Sutro Heights Avenue, Outer Richmond

32 Sutro Heights is located in the Sutro Heights neighborhood of the Outer Richmond district. The area covers the blocks that surround Sutro Heights Park and the Cliff House. Homeowners in Sutro Heights like the proximity to the ocean and parks. This property has three bedrooms and two baths across 1,429 square feet, and features a well-appointed kitchen and master suite on the top level. There’s one-car parking, too. 32 Sutro Heights was sold for $805,000 in March 2010, and doesn’t appear to have undergone any changes in the interim.

4358 23rd Street, Noe Valley

4358 23rd Street is situated in a good Noe Valley location, just west of the heart of the 24th Street retail strip. The Victorian, top-floor unit has three bedrooms and one bathroom, with about 1138 square feet. There’s also a remodeled kitchen. HOAs are $300/month.  No parking, so you can be the judge of how easy street parking is in this location (it’s not that bad). Firefly retaurant is around the corner, as is the Douglass park. This home was sold for $810,000 in 2007.

2332 Greenwich, Cow Hollow

2332 Greenwich is a TIC in a two-unit building, which is the next best thing to a condo. It’s the lower of the two flats, and includes two bedrooms, one bath and 1267 square feet. I think this 1930s property has nice period detail and a very functional floor plan. There’s one-car parking under the building, as well as another space around the corner on Service Street in a separate structure. This unit has a private patio, as well as space in the rear of the garage to develop another room. This is an excellent location for buyers who want to be near either the Union or Chestnut street retail areas–plus, easy access to Marin and wine country. 2332 Greenwich was on the market last year for a much higher $950,000. But the price has come down since then, so it might be time to get a deal.

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