South Bernal Flip Not a Hit with Buyers

South Bernal Flip Not a Hit with Buyers

The lovely little house at 742 Andover in Bernal Heights was sold in February 2011 for $274,000, in an all-cash, bank-owned sale. On the agenda: install new electrical/plumbing systems; update the kitchen and bath; open up the floor plan; add a front deck and new rails, as well as a variety of smaller-scale cosmetic items.

Here’s what Andover looked like then:

The house still clocks in at only 720 square feet, but it’s much more stylish considering the modern finishes. I’ve shown this house twice, and in both instances, my clients thought the bedrooms were too small. Indeed, the bedrooms are more suitable to office or nursery use. And the location is a bit further south of Cortland than many buyers would like—far enough that you can hear the traffice from 280.

The $579,000 price tag may have to come down in the new year, unless someone scoops up Andover in the next week or so.

2 responses to “South Bernal Flip Not a Hit with Buyers”

  1. Linda Anderson says:

    Maybe the new buyers will need to put on an addition for bedrooms and use the existing rooms for office and nursery or library as you mention. But maybe that would only be worth it if the location warranted it.

  2. insidesfre says:

    Good ideas. This lot is very small, though. I don’t think it would be worth it to add another story, and there’s no room for a horizontal addition. Plus, the location is probably not one into which I’d pour a lot of money. Thanks for your comment! Happy holidays.

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