New Townhomes On Tap in Portola

New Townhomes On Tap in Portola

San Francisco’s Portola neighborhood is getting an injection of new inventory—54 townhome-style condos, to be exact. Lofton at Portola is currently under construction at 489 Cambridge Street.

Tri Pointe Homes is building the units on a two-acre parcel previously occupied by Fellowship Academy Day Care buildings. The project is a mix of two- and three-story condos ranging in size from 1,387-1,896 square feet with parking.

Pricing starts at around $1.2M for the two-bedroom units, and $1.4M for the three bedrooms. HOA dues are quoted on the Lofton Web site as being $256/month, but I would ultimately budget a higher amount for a community of this size. Continue Reading

Just Sold: 1650 Broadway #304

Just Sold: 1650 Broadway #304

My clients just closed on the purchase of their two-bedroom/two bath modern condo at The Luxe at 1650 Broadway #304. Built in 2016, the building has a spacious, nicely decorated lobby with doorperson, as well as parking with an EV charger.

The south-facing home features an open floor plan with terrace, kitchen with Studio Becker cabinetry and Sub-Zero refrigerator and a primary suite with walk-in closet by California Closets and a spa-like bathroom with radiant heat and a walk-in stall shower encased in tile:

The condo closed recently for the $1,595,000 list price. Congratulations to my lucky buyers!

Just Sold: 250 Los Palmos in Miraloma Park

Just Sold: 250 Los Palmos in Miraloma Park

I am happy to report our closed sale at 250 Los Palmos, a lovely three-bedroom single-family home in Miraloma Park that I listed recently for $1,395,000. Clocking in at 70+ private showings, the house was very popular with buyers looking for a well-appointed house in a peaceful location with good freeway proximity.

Boasting three bedrooms on the main level, a phenomenally remodeled family room with a home theatre, and that deck off the primary bedroom with the lovely view (see photo), 250 Los Palmos garnered 13 offers and closed at the end of last week for $1,710,000.

Congratulations to the new owners and to my happy sellers!

Budget for HOA Dues During Loan Preapproval

You’re thinking about buying a condo in San Francisco, and the first thing on your checklist is loan preapproval. Along with mortgage payments and property taxes, your lender tells you that you need a rough idea of how much your homeowners association dues (HOA) will be. But you don’t know what you’ll be buying, so how are you supposed to know how much the dues will be? Continue Reading

The 5 Biggest Home Seller Mistakes You Can Make

Spring is here, and that means that new listings are hitting the market daily. It’s a good time to give a shout out to all those prospective San Francisco home sellers out there who are thinking of putting their homes on the market.

I’ve been doing my job long enough to recognize good and bad seller strategies. So I thought I’d round up the bad ones to potentially make things smoother for some sellers this year.

Here are my top five home seller mistakes. Avoid them if you can:

1. Skimping on staging. Buyers will pay top dollar if they emotionally connect with your home, and that means making the property look as appealing as possible. You’ll also want your home to stack up visually against the comps. Staging will be worth the money. Continue Reading

Just Sold: Marina Tenancy-in-Common

Just Sold: Marina Tenancy-in-Common

We just closed escrow on my one-bedroom TIC at 1890 Jefferson #203. Representing a ten percent interest in a nine-unit building, this property was popular with buyers looking for a premium Marina location near the water and Chestnut Street.

TICs are a bit more complex than condos, but we successfully navigated the ownership transfer process and the buyers and my seller clients couldn’t be happier.

We listed the property for $825,000 and received two offers after 30 days on the market. I’m pleased to report we closed at the asking price with no major delays.

Congratulations, everyone!

Just Listed: Noe Valley Victorian Cottage

Just Listed: Noe Valley Victorian Cottage

If there’s anything that embodies San Francisco, it’s an authentic Victorian cottage. My new listings at 210 Valley Street #A is a detached two-bedroom/one bath condo at the rear of the lot that exudes charm and character.

The cottage is situated in an excellent neighborhood location and also has a full basement with laundry and plenty of room for storage or other functions. There may even be development potential, too. As you descent the front steps, you have a lovely view of St. Paul’s church spires across the street. There are lots of trees and birds that drop by to check out the plants and flowers.

Check out our Web site for the full photo gallery and details.

List price is $995,000.

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Listing in Contract
210 Valley Street #A
Detached Noe Valley condo cottage exudes charm and authenticity. Two bedrooms/one bath above full basement. Excellent neighborhood location. List price: $995,000
See more at our property Web site here!

Just Sold: Noe Victorian Condo with Park-Like Gardens

Just Sold: Noe Victorian Condo with Park-Like Gardens

We just closed on my Noe Valley condo listing at 241 Duncan on Friday. The 2BR/1BA, top floor home listed for $1,295,000 was a magnet for buyers looking for an iconic San Francisco home.

But the kicker was the extra-wide lot with wraparound gardens. Fully detached on three sides, the condo got tons of natural light and had lovely eastern views.

In the end, we received 7 offers and closed for $1,490,000 in an all-cash transaction.

Congratulations to my seller client and the new owners!

And while I’m at it, here is what my lovely client had to say about her experience working with me to sell her condo (click to enlarge):

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Eileen’s Past Sales
250 Los Palmos
Miraloma Park
3BR Single-Family Home
Sold: $1,710,000
Represented Sellers

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1650 Broadway #304
Pacific Heights
2BR Condo at The Luxe
Sold: $1,595,000
Represented Buyers

What You Risk When You Waive Contingencies

The San Francisco market has come roaring back after the initial Covid slowdown in 2020. We are heading into a robust Spring, and it seems like buyers and sellers are making up for last year’s lost time.

That’s led to very competitive offer situations and high sale prices, particularly for single-family homes and condos in smaller buildings. Most multiple-offer situations end up with a handful of buyers waiving all contingencies (e.g., conditions of the sale) in order to make their offer as attractive as possible to the seller.

But do all buyers realize what’s at stake when they waive all contingencies? Sometimes I’m not so sure. Continue Reading

10 Reasons Why You Should Buy Title Insurance

One of the most expensive items on your home purchase closing statement is title insurance. If you’re getting a loan, the lender will require a policy on the loan. But you may not be required to purchase a homeowner’s policy. Should you skip it?

In a word, no. The owner’s title policy will protect you against future claims against the property. Though the title company does a search through public records prior to the closing, unexpected things can pop up. Without title insurance, you’re flying without a net. Continue Reading

5 Reasons Why Your Condo May Not Be Selling—And What You Can Do About It

There are currently more than 620 condos for sale in San Francisco. And more than half of them have been on the market for 21 days or more—that’s a lot of sellers who are probably wondering why their properties aren’t selling if the San Francisco condo market has made a comeback over the past two months.

There are a lot of reasons some condos take longer to sell. But here are a few of the most frequent sale barriers, along with some ideas for overcoming them: Continue Reading

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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