Tag Archives: South of Market

What You Can Buy in March: 21 Days & Counting

The San Francisco market is low on inventory right now. That means you have to dig a little deeper to find buying opportunities, especially for properties in desirable locations. One of my strategies is to take a closer look at homes that have been on the market for three or more weeks. The possibility of multiple offers is lower, and sellers may be thinking about taking a little less on their list price.Continue Reading

The SoMa Cottage That Could

The SoMa Cottage That Could

Though its neighboring loft buildings have sandwiched it in, 334 Harriet stands proud on its small street between Folsom and Brannan. The 820-square foot cottage was built in 1910 and has all the trappings of the era (including very small bedrooms).

And the current owner even cared enough to remodel the cottage in 2007. It has a cute garden. But it lives in the shadows of taller, shinier properties. Last sold in October 2004 for $615,000, 334 Harriet has been on the market for about a month for $699,000.

You know, if I were in the market for a quintessential Victorian, and I had about $700,000 to spend, Harriet would be a nice alternative.

Deals Abound in SoMa

The South of Market neighborhood remains the go-to place for young professionals and empty nesters looking for affordable condos or lofts with reasonable homeowners association (HOA) dues.Continue Reading

Get a Deal on a Loft

If you’re a first-time home buyer looking for a nice space in San Francisco for up to $700,000, I’d like to suggest you consider a loft. Though not for everyone, lofts are great if you love open floor plans and nice light. Privacy can be an issue, as lofts usually don’t have walled-off rooms. But this property type is perfect for single professionals or couples who need good commute access to the Peninsula or downtown San Francisco.Continue Reading

Condo Prices Hold Steady

Condo sales volumes were minimal in comparison to past first quarters, but again, prices held up. Areas such as Potrero Hill were given a boost by new construction buildings aimed at first-time home buyers. Once again, the mid-market selling range was king. Here’s a look at how some neighborhoods fared that cater to condo buyers:Continue Reading

Loft Market Gets a Lift

Loft Market Gets a Lift

Listed most recently in January for $2,750,000, 650 2nd Street #502 closed escrow last week for $2,450,000 in an all-cash transaction.

This 4,190 square foot, 5BR/4BA has had an interesting ride over the past few years. It was on the market for a good part of 2008 at a $2,895,000 asking price, and last changed hands in 2004 for $2.3M. Prior to that, it sold for $2.6M in 2000.

Three units were combined to create the current property, and it features 60′ windows and three-car parking. I’m guessing the $1,340 monthly HOA dues won’t be a problem for the new owner.

Rent to Own at Cubix Yerba Buena

I toured the units at Cubix Yerba Buena over on Harrison at 4th Street several months ago. Though very small, all the studio condos were nicely designed and efficient, with list prices in the $200,000-$400,000 range. I was kind of into the very walkable location, and thought the building would be great for first-time home buyers or empty nesters looking for a pied-a-terre in San Francisco.

Now the folks at Cubix are offering a rent-to-own deal on the “penthouse” units–you can start out renting at only $995 per month, with the goal of owning your unit, which is priced at $225,000. Though that doesn’t include parking, you’re very near public transportation, and there’s a City Car Share pod in the garage. Not a bad way to get a leg up on your first home in the city–or your second home, for that matter.

Get in touch:

Eileen Bermingham

Zephyr Real Estate



BRE# 01352627

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