Monthly Archives: May 2010

Mission a Magnet for Tech Workers—and Rising Home Values

The Wall Street Journal ran a great article yesterday on the Mission’s popularity among San Francisco tech workers.

Facebook employees apparently congregate in Mission Dolores Park and in all the nearby bars, and shuttle 75 workers from the Mission to Palo Alto headquarters daily. And startups like Small Batch, Posterous and CrowdFlower have set up shop in the neighborhood. Reporters Cari Tuna and Stu Woo also mention the rising prices in the Mission, saying that while median home values in the district and citywide fell about 20% in the latest recession, values in the area have actually risen 4% since April 2009. No small feat.

Are we approaching another tech boom? This is starting to feel like deja vu.

Get Your Rock Star on at the Warfield Office Condos

Get Your Rock Star on at the Warfield Office Condos

I visited the Warfield building at 988 Market & 6th Street yesterday on broker tour to see the new “office condos” that just hit the market. A bit of history: The Warfield was designed by Gustav Albert Lansburgh, and was constructed between 1921 and 1922 in a Renaissance Revival style. The Warfield Theatre opened in May 1922. The Examiner once occupied the building, and Al Capone apparently used the building in the 1920s, too.Continue Reading

Lower Pac Heights Queen Anne Gets Price Chop

Lower Pac Heights Queen Anne Gets Price Chop

The 6BR home at 1900 Pierce in Lower Pacific Heights just had a significant price reduction. It was $2,998,000 a month ago, but the sellers have just sweetened the deal with a new $2,595,000 list price. That’s a $403,000 savings!

The house has a great presence, with 4600 square feet across three levels. There are four bedrooms on the upper floor, which is nice. The kitchen could probably use a modern touch, but there’s a cute garden and two-car parking. Walk Score is 98. Somebody step up to the plate.

SFMOMA-Like SoMa Home at 464 Tehama Still Up For Grabs

The stark SoMa abode over at 464 Tehama is all buttoned up and still waiting for a suitor. It was listed in mid March for $3.6M, but no one has stepped forward yet. Designed by Jim Jennings & built by Ryan & Associates in 2002, the 4280-sq foot, two-story property features 3-4BRs, four bathrooms, as well as mahogany floors, moveable pocket walls, and wine cellar—all ensconced within 23-foot poured concrete walls. The property was last sold in 2007 for $3.2M.Continue Reading

Just Sold: 555 Bartlett #412

Just Sold: 555 Bartlett #412

My clients and I have the distinction of being the first to close on a condo at 555 Bartlett, the excellent new development project in the Mission. The photo above is the courtyard, which will let all the residents enjoy the great weather in the neighborhood.

There are approximately 40 units in contract (with ten going into contract last week, largely due to the tax credit incentive)—so there are 24 condos left. Units come with parking and list prices currently range from the $400,000s to the low $700,000s.

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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