Despite the current economic downturn, there doesn’t seem to be a shortage of buyers interested in three-bedroom condos in the tonier neighborhoods of Pacific Heights, Russian Hill and the like. If you can find such a condo for less than $1.2M with parking, I’d call that a good deal—and then I’d write a contract fairly quickly, because you just know there’ll be another buyer looming shortly.
That’s why I’m calling the three-bedroom/two-bath, top-floor condo at 2950 Clay #302 a good deal. Initially listed at $995,000 in May, the sellers just reduced the price to $740,000. The unit has 1300 square feet, which isn’t huge, but it gets good light and also comes with storage. HOA dues are $400/mo and actually include earthquake insurance. There’s a common area laundry room with coin-operated washer/dryers, but there are some things you have to trade off when you’re working with a budget.