What’s a Fixer Worth in the Inner Richmond?

The 3BR/1.5BA, 1632-square foot Edwardian recently listed at 507 9th Avenue at Anza came on the market as a fixer for $650,000 at the end of August. The house was actually in decent condition, and it was easy to see how one could renovate the property and bring it into the 21st century.

Period details such as inlaid hardwood floors, coved ceilings, built-ins and boxed beams? Check. Same family owning the property since the ’70s? You got it. Here are a couple shots of the living room and kitchen, so you can get the gist of things:

Based on recent sales in the Inner Richmond for three-bedroom homes, it’s easy to see that there was room to move substantially upward in the price paid for 507 9th Avenue. For example, a 3BR/2BA Edwardian home that was fully renovated and located two blocks away sold for $1,550,000 in January. Pricing can go up or down from there, depending on how many bedrooms/baths remain in the end, as well as level of finishes and extent of the renovations. My guess for the 507 9th Avenue selling price was between $800,000-$850,000. The home closed escrow on Monday for $825,000.

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Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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