One of the main aspects of my job is to continually scour the market for what I believe are lurking deals. And by “deals,” I mean properties priced below the average for the neighborhood, and homes that are in centrally located, desirable areas.
I’m a fan of 624 Belvedere, a 2BR/1BA condo with about 1125 square feet that’s situated on Belvedere at Carmel—a nice Cole Valley location. The $759,000 unit (down from its original $785,000 list price) is on the first floor of a two-unit building. Though it doesn’t have the Edwardian charm and period detail of some of the other homes in the area, this 1940s building does offer a good, functional floor plan. There’s also a wood-burning fireplace in the unit; two-car, side-by-side parking; lots of storage; and a sweet garden. An added bonus: The front windows look out at the Marin Headlands. HOA dues are a low $256/month, and include water, common area electricity, building/grounds maintenance, trash and insurance.
The average Cole Valley condo sold for $815,286 in the second quarter, with an average square footage of 1168. 624 Belvedere last sold in February 2006 for $705,000.





Over at 
Though I’ve known about Mayor Newsom’s purchase of 1581 Masonic for several weeks, I’ve held back from blogging about it for discretionary reasons. But now that SF Chronicle’s Leah Garcik has stepped forward with the info, it’s fair game.











