Several months after it was purchased in August 2008 as a fixer/teardown for $950,000 in a probate sale, 141 27th Street on the Noe Valley/Mission border is rehabbed and ready for a buyer.
The developer brought the interior down to the studs and created a main level that features a living/dining/kitchen combo; small middle bedroom; full bath and large master suite at the rear. Downstairs is a family room, third bedroom and bath, and a two-car garage. The yard is now nicely landscaped. The house is about 1900 square feet.
The kicker is the $1.6M price. There’s a lot of competition in Noe right now; in fact, the same listing agent just brought on a large-scale, two-story Victorian with 2400-square feet at 1522 Sanchez at 28th for $1.6M today. Several other currently listed homes may not be renovated circa 2009, but for the money, can probably provide a better location or floor plan.
We’ll see how it goes. My sense is that paying $950,000 for a teardown originally listed at $637,500 might have been a bit rash. The desired profit may not be there in the current market.
I was last in this home when it was on the market in 2002 and purchased by its current owners for $1,650,000. It doesn’t appear to have changed much, so I’ll let prospective buyers be the judge as to how much appreciation a 2BR/2BA home will be allowed under the auspices of the current market.
This Marina-style unit is listed at $669,000 and was last sold in November 2007 for $715,000.
Listed at $949,000, this top-floor unit actually has three-car parking between two garages. The master suite (above) is what I’m diggin’. You can really get a feel for it in person. Nice remodel on this unit, too.
Within about a week of 
This has been on the market since early March. Its current list price is $1,045,750, down from $1.1M. This 3BR/1.25BA house has two-car parking, room to expand on the garage level, and sits opposite the Day Street Rec Center.
This 3BR home is missing the .25 bath, but also has three bedrooms and two-car parking. The kitchen has been remodeled—though it appears to be a bit awkward—and it’s slightly larger on the main level than Day Street. However, the location right on 30th Street between Chenery and Dolores means Muni will be a big factor, both rail lines and buses. That block is busy.
I stopped in at 
Lone Mountain’s 76 Rossi first came on the market in November 2008 with a list price of $2,395,000. It was then withdrawn and relisted at $2,295,000 in January. The house features six bedrooms, four bathrooms, and enough space for a workout room.
67 Madrone only has one bedroom (no exaggeration there), but its location is prime West Portal. With about 1,000 square feet on the main level, you have everything you need for a 1BR/1BA house. The garage isn’t large, but can accommodate one car and has a bonus room that could be enhanced. The seller had plans for an addition and expansion, but is leaving that up to the next owner. List price: $829,000.
This 3BR/1BA home has about 1325 square feet, a living room with fireplace, and original kitchen and bath. This baby will be sold in a probate sale, so if you’re not up for being the sacrificial lamb in court, get your cashier’s checks together and plan on some overbidding in court. List price: $890,000.
This 2BR/1BA home comes with permit-ready plans for adding a master suite, sitting room and laundry on the garage level. List price: $948,000.
2030 Lyon just came on the market for $4,495,000. The 6BR/6BA home on an oversized lot in Pacific Heights is the former home of Senator Dianne Feinstein. It was last sold in 1996 for $1,575,000.
For those wondering what a two-bedroom, two bath condo in a central location costs in the current market, here’s your answer: 535 Duboce just closed escrow for $810,000 in an all-cash transaction.
Within a few weeks of me witnessing the presumed owner of 369 Duncan shimmying a tombstone out of the property and into a car trunk, the For Sale sign was slapped up on the exterior.
With a lengthy history of price reductions and agent changes stretching back to the Fall of 2008, 188 Minna #25D in the St. Regis Residences finally sold this past week.
Entering the market within two weeks of each other earlier this year, 1 Baker #3A and #4A continue to look for Haight buyers. These 2BR/2BA, 1337-square foot condos are neck-and-neck as far as price goes, with both experiencing price reductions in March.
