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.
Here are three properties that I think are well worth considering at the moment:
555 Bartlett #321
Days on market (DOM): 48
1BR/1BA, 1 pkg
List Price: $629,000
I’m a big fan of 555 Bartlett, as I sold a unit there in 2010 when the building was constructed. Unit 321 has upgraded cabinetry and quartz countertops in the kitchen and plenty of natural light. This particular unit is on the third floor and overlooks the landscaped courtyard (that has a bbq area). Very convenient location near BART, Valencia/Mission restaurants and easy freeway access. One huge plus is the newly landscaped Cesar Chavez, which has really transformed the look and feel of the street. HOA dues are $375/month in this 58-unit building, and parking/storage are included. #321 last sold in 2010 for $452,500. [Read more...]