Ocean Views & Space on the Great Highway

Yes, it is possible to find a three-bedroom condo with three bathrooms (!) and almost 2,000 square feet with parking and ocean views for less than $1M in San Francisco. Case in point: 1580 Great Highway #4 in the Outer Sunset, which offers all of the above for a list price of $699,000. That’s a lot less than the $1,388,270 citywide average sale price for a 3BR condo in San Francisco, isn’t it?

But there’s more: This four-unit building was constructed in 1985, so it’s more up to current city codes than, many of San Francisco’s older buildings. The kitchen is well appointed with granite countertops and new appliances, and you also get a deeded deck with lovely hill views.

What’s nearby? Well, besides the ocean and a great running/biking path, you’re two blocks from the N Judah that runs downtown. Two of my favorite restaurants, Thanh Long and Outerlands (currently closed for an expansion project) are five blocks away, and let’s not forget that Golden Gate Park is a healthy jog to the north.

A couple noteworthy items: HOA dues are a low $310.51/month. And because two of the four units in the building are tenant occupied, you will need to work with a portfolio lender such as First Republic that will lend on a property with this type of rental/owner-occupier ratio. (In other words, your loan will be an ARM vs a 30-yr fixed).

1580 Great Highway #4 was listed last year for about $50,000 higher and buyers didn’t bite. But I think they’ve nailed it this time around. If you’re a buyer who can be a little patient with the time it takes to get downtown or to the freeways—-and want to have your own urban refuge on the water—give this condo a look. Offers are due on March 19th, so if you want to pop in to check out the property, give me a call and I’ll schedule a showing for us!

Inventory Still Tight in SF Market

Buyers are still flooding the San Francisco market like there’s no tomorrow, snapping up properties within days and paying well over the list price to get the properties they want. That’s because demand is high, and supply is low. And sellers are benefitting hugely from these conditions.

You can read more behind what’s happening in the Zephyr Quarterly Newsletter. Plus, some excellent community organizations will be sharing almost $1M in grants that will lead to some pretty nifty neighborhood improvements. And Ocean Beach is in for some future changes as part of its master plan.

It’s all here in the Zephyr Quarterly Newsletter.

Cool Pool & Garden Retreat Elevate Parkside Home

So if you don’t want to walk the seven blocks to Ocean Beach from 40 Rivera, go downstairs and jump in your very own pool. You can swim endless laps in this device.

The 3BR/2BA home listed at $799,000 also has a legal master suite downstairs, and a great garden:
The home was last sold for $785,000 in 2007, so the list price is taking market depreciation into account to a certain extent. I personally think this home is priced very well for what you’re getting.

Open House Spotlight: Sutro Heights Tudor Home

It’s high time we point buyers in the direction of the ocean, where this cute 2BR/2BA Tudor-style single-family home at 5532 Anza awaits the once over from buyers this Sunday. I’m always a sucker for a turret of any kind, and 47th Avenue fits the bill.

There’s a sprightly kitchen that’ll cut through the fog, which will probably be fun to see in person:

The yard’s concrete & wood, but it’s fairly large. However, you’re a block from Sutro Heights Park, a stone’s throw from the Cliff House, and the ocean will practically be in your backyard. List price is $799,000. Open Sunday 2:00-4:00.