The 3BR/2.5BA, 1896-square foot single-family home at 138 San Felipe in Monterey Heights has expansive ocean views from two levels and gets great natural light. Situated on the edge of St. Francis Wood, the home is not too far from the West Portal retail area and public transportation.

So when will a smart buyer snap up this property? Last sold for $1,50,000 in 2007, 138 San Felipe has been on and off the market a couple times since then—most recently for $1,190,000 before being withdrawn last month. The main level has a living room with wood-burning fireplace, formal dining room, eat-in kitchen, and powder room. The upper level features two bedrooms and bathroom, and the garden level has a private suite that’s perfect for guests. Plus, there’s two-car parking and a decent-sized yard.

Now listed at $997,000, 138 San Felipe is below the $1,242,214 average single-family home price year-to-date. The crafty buyer will immediately add value by updating the kitchens and bathrooms, and landscaping the garden.