We’ll take a look at three very different properties being offered in the $950,000-$1M price range. For those interested in purchasing a home in San Francisco, this sort of exercise is designed to help you sort through the unique property types that exist, as well as get a feel for the neighborhoods in which they lie.
First off is 78 Anderson on Bernal Height’s north slope. This is the more desirable end of the neighborhood, and the 4BR/2BA cottage with one-car parking has vaulted ceilings, an updated kitchen and is about two blocks from the Cortland Avenue main strip. Last sold in December 2007 for $990,000, it’s not clear how the sellers will make out.
Next up is 650 Chestnut #106 in North Beach:
I remember showing this property when it was last on the market in June 2005; it ultimately sold for $1,009,000. The 3BR/2BA condo in the Villa North Beach complex at Mason Street is now on the market for $959,000. I liked the unit, though—it was big (about 1600 square feet), and had a very large patio. It’s in walking distance of everything North Beach has to offer, and makes for an easy downtown commute.
Finally, there’s 438 Buchanan, a TIC interest in a three-unit building in Hayes Valley.
Yes, it’s located at the busy Buchanan and Oak intersection, and yes, it’s only a stone’s throw from the housing projects. But this recently renovated, 2200+ square foot unit has three bedrooms + a den, 2.5 baths, and is on two levels. It’s the top level that I really liked (above), with its patio and high-end finishes. That’s listed at $979,000. Though the unit is in a three-unit building, one of the units is a commercial space on the ground level. All that’s needed are two buyers who’ll owner occupy the two residential units, and the building can bypass the condo lottery. In the meantime, the seller is keeping the commercial space and is offering wrap-around financing with a down payment of 20% or more at a 6.5% interest rate.
So which one would work for you, if you had to pick one? Please feel free to comment!