Tag Archives: alamo square

Offset Your Mortgage in a Multi-Unit Building

For buyers who are looking for a home in a centrally located neighborhood, an excellent option is to owner occupy a flat in a multi-unit building and rent out the other units. That’s how I was able to afford to purchase my own property in Noe Valley in 1998; renting out the lower flat afforded us the opportunity to own our home, as well as have a long-term income stream. I’ve had several clients purchase such properties this year, and the purchase price could often be workable when you have at least 20% down and factor in projected/existing rents. And the presently hot rental market is certainly making this housing option more appealing. Continue Reading

Painted Lady in Alamo Square Flies Off Shelf

Painted Lady in Alamo Square Flies Off Shelf

Though it’s still showing up as an active listing in the MLS, the Painted Lady at 710 Steiner that was listed in early May has been snatched up by twentysomething buyers with all cash, who are in contract for above the $2,295,000 asking price.

You can see 710 Steiner above; it’s the house to the right of the blue property–last one on the right:

It’s no surprise that there was a rush for this piece of San Francisco history. Who wouldn’t want to own an exquisitely maintained Victorian on one of the most famous and most photographed residential stretches in the world? The 5BR/2.5BA, 2500-square foot home has three decks and downtown views. The new owners will probably renovate the kitchens and bathrooms down the line, but that’s a drop in the bucket—and a good investment.

Iconic Painted Lady Loses Some Luster

Iconic Painted Lady Loses Some Luster

It’s been almost two months since the historic and iconic home at 722 Steiner first floated on to the market. I toured the property soon after, and though I found the property to be interesting, it didn’t exactly feature a top-notch interior. But it had its merits.

The sellers decided to reduce the list price on Friday from $3,999,999 to $3,850,000. Hardly an earthshattering price chop, but they’re moving in the right direction. It really is challenging to put a price tag on a house like this, but the sellers will know when they’ve hit the right price. I’m thinking more about $3.5M, but we’ll see.

The Hippie House for $1,950,000

The Hippie House for $1,950,000

I stopped at 908 Steiner in Alamo Square on my broker tour today. The property was built for a family in 1888 and ultimately became a halfway house in the postwar years—giving way to a hippie enclave in the ’60s and ’70s. The current owners have preserved murals and original artwork from the hippie years, visible in some of the three-story Victorian’s many rooms. Continue Reading

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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