A colorful house in the colorful house of San Francisco
$875,000
Beds: 5 Baths: 3 Sq. Ft.: 2,136 $/Sq. Ft.: $410 Lot Size: - Property Type: Single-Family Home Style: Contemporary View: Panoramic, City Lights, Bay, Park, Hills, Mt. Diablo Year Built: 1906 Community: Glen Park County: San Francisco MLS#: 364602 Source: San Francisco MLS Status: Active On Redfin: 24 days Great extra wide property on quiet Laidley Street in Glen Park. There are two separate detached units, each with a garage. The front 3bd. 2ba. house has new central heating, 2nd floor deck with crow’s nest, ground floor studio, views of Mt. Diablo, San Bruno Mtn, and Bay views. The rear unit is a legal 2 bd. Each needs some work. 4 blocks to GLEN PARK BART. This is a short sale. Offers will be reviewed as they come. Open Sundays 2 – 4pm and Tuesday Tours. Call or write for other times. Come see!
Some people trash their house when they know they’re going to be foreclosed… these folks apparently decided to paint the exterior to vent their frustrations.
Seems that with tenants, the owners would’ve been able to keep up with the payments. They originally put 20% down to buy it (according to PropertyShark).
This seems to imply that the design was in malice. Personally, I think this is exactly the kind of house that San Francisco is famous for – individualized, iconic, controversial. Just think of how this house is already cheering up this Friday at Burbed!
If you’re not proud of owning this house and its color scheme, then this house probably isn’t for you.
Now, to onto the nitty gritty: offers will be reviewed as they come. So, it’s definitely in your best interest to bid early and at a very high price. Otherwise, this could easily slip away. Maybe you should even go as far as to place multiple bids under secret names – each higher than the last! Now that’s a strategy that any realtor would approve of. Ignore the fact that there are no interior pics – it’s probably just too fabulous.
And, with the separate detached units… in a word… cashflow. Sweet sweet cashflow.
Happy friday!
February 26th, 2010 at 8:47 am
In the news today: January home sales fall 7.2 percent.
The results, the weakest since June, were far worse than forecast. Economists expected a slight increase to a rate of 5.5 million.
Happy Friday!
February 26th, 2010 at 9:19 am
I’m embarrassed to say I like this house. Could use a paint job, but it’s a nice-ish house in a bearable part of San Francisco.
Now if it were only $200K cheaper…
February 26th, 2010 at 9:30 am
burbed – You might have found the explanation for the paint job.
If you’re not proud of owning this house…
Maybe it’s a gay pride statement.
February 26th, 2010 at 10:44 am
Look, Easter House! I expect to see bunny inside.
February 26th, 2010 at 11:42 am
Actually the exterior is pretty nice. There are too many boring victorian/edwardians covered in dust with beams falling off in SF. This house is a nice change of pace. It’s an acquired taste, I think you have to be a San Franicisian to appreciate this house, at least the the new age San Francisians. The SF traditionalists still look at it with disdain.
The bigger problem is the tenants. How much is rent? The listing doesn’t say so I imagine it’s way below market so the price is too high as an investment. If buyer wants to live there, how to get the tenants out with eviction control in SF? OMI? It lowers the property value. A buyout? That cost a lot money but it may be the best option.
Rented property is a big hassle in SF real estate.
February 26th, 2010 at 12:00 pm
I love the style of the place, it looks like it was made out of Legos. It’s well located in the flat part of Glen Park. Honestly, it must need a lot of work inside to be priced the way it is.
February 26th, 2010 at 12:33 pm
Certainly if there are any tenants there are loops to jump through to move yourself in. But you can do an Ellis Act and move in if you buy the property, but then you also have the rear unit rented out, that may be more of an issue.
February 26th, 2010 at 1:56 pm
That’s one proud pair of houses.
February 26th, 2010 at 4:19 pm
“A colorful house in the colorful house….”?
This weather is still not an excuse to hit the Nyquil this early.
February 26th, 2010 at 5:21 pm
yes… its the perfect home for some crazy, rich, eccentric colorblind person. Actually to me it looks like the thing is made out of lego blocks.
February 27th, 2010 at 1:17 pm
My home shopping continues, but 2 month later there’s been no pick-up in inventory. What’s going on? My guess is that potential sellers are deciding to re-finance instead.
February 27th, 2010 at 2:20 pm
Still? Gosh that’s rough. Maybe you need to upgrade your professional realtor. I’d suggest looking for one that wears Brooks Brother’s shirts with cuff links. You don’t want one of those generic-Macy’s-brand non-cuff link shirt wearing realtors. That should make the difference. Where are you staying in the meantime?
February 27th, 2010 at 2:25 pm
Here’s a little help for you, SV stupor – There haven’t been (and aren’t) many discretionary sales.
http://www.centralvalleybusinesstimes.com/stories/001/?ID=14485&source=patrick.net
February 27th, 2010 at 2:26 pm
Should the “professional realtor” be driving a Cayenne too? Or maybe a Mercedes sedan; E class or higher of course.
February 27th, 2010 at 2:31 pm
My home shopping continues, but 2 month later there’s been no pick-up in inventory.
I call balony on that™.
Here is one for you and your wife big on education: http://www.redfin.com/CA/Cupertino/10411-Finch-Ave-95014/home/794414.
February 27th, 2010 at 2:47 pm
“Should the “professional realtor” be driving a Cayenne too? Or maybe a Mercedes sedan; E class or higher of course.”
I don’t think sv shopper can afford the types of homes that such an obviously successful (and professional) realtor would be selling.
Come on now nomadick – be reasonable.
February 27th, 2010 at 2:53 pm
Nice find herve – I like the “engineering floor” in that house. Perfect for a home laboratory. Pre-wired for ethernet! That sure is a smart silicon valley family’s dream! Whoever grows up in that house are guaranteed to be successful – especially if their parents are ‘big on education.’
A 1032 sqft “house” might rent for, say, 1500 bucks a month. But when you factor in the pride of homeownership, paying 4000 a month to own sure sounds better to me!
February 27th, 2010 at 4:20 pm
My home shopping continues, but 2 month later there’s been no pick-up in inventory.
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SV Shopper,
How many bids you lost in last couple of weeks? Considering the fact that you encountered low inventory “all through the summer” last year, you simply don’t have any chance in winter. Living in bay area for 3 years as renter is certainly disgraceful. On the top of that, due to budget crisis CA might consider “rent tax” on renters like you. I am surprised that your The “big-on-education” Wife hasn’t abandoned you already to live with multi-million dollar homeowner. I think you should consider moving back to New York for the sake of your marriage. I am sure you won’t find low inventory situation in New York.
February 27th, 2010 at 4:53 pm
I don’t think sv shopper can afford the types of homes that such an obviously successful (and professional) realtor would be selling.
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I think SV Shopper got one of this kind of “professional” realtor. It goes like this:
SV Shopper: Honey, I am going for housing hunting.
Wife-Big-On-Education: Go honey. Find me a 900+ API home.
Then “professional” realtor drives him everywhere for house hunting. However, SV Shopper has very little attention on houses, especially while he is with “professional” realtor. Then he comes back home at evening.
Wife-Big-On-Education: I hope you saw lots of 900+ API homes.
SV Shopper: Nope. Very low inventory. Tomorrow I need to go back for house hunting again.
February 27th, 2010 at 5:11 pm
Here is one for you and your wife big on education:
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Won’t work. He needs 1500 sqft. As he is looking for properties in Burlingame, this one might be an option. Don’t forget that it was sold for $2.2M in 2006. $650K instant equity is right there.
Alternately, he can get this gray castle for dirt cheap. Initially listed for $899K and now price reduced to $799K. $100K instant equity here too.
February 27th, 2010 at 5:41 pm
Because, after all, the equation for calculating “instant equity” is as follows:
Instant equity = peak bubble price – listing price
February 28th, 2010 at 10:42 pm
Remind me of the LEGO house I used to build…