February 13, 2012

Unfinished century old cottage: It does not get better than this in our opinion!

Thanks very much to Burbed reader Petsmart Groomer for this, um, property with views, views, views.

115 Telegraph Hill Blvd
San Francisco, CA 94133
$3,000,000

120208-telegraph-redfin

BEDS: 0
BATHS: –
SQ. FT.: –
LOT SIZE: –
PROPERTY TYPE: Single-Family Home
VIEW: Panoramic, City Lights, Water, Bay, Bay Bridge, Golden Gate Bridge, San Francisco, Downtown, Park, Garden/Greenbelt, Woods, Hills, Mountains
YEAR BUILT: 1906
COMMUNITY: Telegraph Hill
COUNTY: San Francisco
MLS#: 373325
SOURCE: San Francisco MLS
STATUS: Contingent – Show
ON REDFIN: 572 days

REDUCED ON 9/2/2011 BY $500K!!! Rare Opportunity to purchase a large RH-3 Panoramic View Parcel at the Crest of Famed Telegraph Hill. Panoramic Vistas, including the Golden Gate Bridge, SF Bay & Bay Bridge, Dramatic City Skyline, Coit Tower and Historic Pioneer Park. The cottage on the parcel is unfinished. THE OWNER IS MOTIVATED TO SELL QUICKLY! Nearby Homes are valued at over $10MM and are architecturally significant. BUILD YOUR DREAM HOME OR HOMES/MULTI-CONDOMINIUMS! Walk Score of 95! A Short Distance to The Financial District, North Beach, The North Waterfront, Bay Club and Key Transportation Corridors. Just steps away from the Renowned Grace Marchant Gardens and World Famous Coit Tower! It does not get better than this in our opinion!

120208-telegraph-coitHere’s why PG sent this one in:

555 days on the market. If only the buyers were as motivated…

Somebody was motivated.  It’s pending.  Took them long enough (and a 14% price reduction).  But why would they sell a “view parcel” and not mention how big it is?  Makes it a little difficult to build an “architecturally significant” place to fit in with the neighborhood if you don’t know whether the lot is 4000 feet or 40.

However, looking at the lot, perhaps we can infer the size by getting information from another home on the same block.  The map of the immediate neighborhood is below.

Unfortunately, this may not be the lot we are looking for.  The outlined parcel below is on Genoa Place, not Telegraph Hill.  Even more bizarre, the Redfin link to this property is:

http://www.redfin.com/CA/San-Francisco/363V-Filbert-St-94133/home/1973351

No wonder nobody knows how big it is, nobody knows WHERE it is.

120208-telegraph-neighborhood

Here’s where Zillow says we should look:

201208-telegraph-zillow

I can’t find the cottage, though.  Maybe it’s cowering under the trees for fear someone will BUILD THEIR DREAM HOME OR HOMES/MULTI-CONDOMINIUMS!

Comments (8) -- Posted by: madhaus @ 5:08 am

8 Responses to “Unfinished century old cottage: It does not get better than this in our opinion!”

  1. wahnny Says:

    According to the Redfin listing, the APN number for the property is 0105065.

    When entering the APN number into San Francisco GIS profile website,

    http://propertymap.sfplanning.org/

    this property appears to be an unimproved 7517 sqft lot in front of Telegraph Hill Blvd.

    Assuming North Beach is in the RBA, then the seller’s wishing price seems appropriate.

  2. nomadic Says:

    Excellent, wahnny! Thanks.

  3. kryx Says:

    Found it on streetview here:

    https://maps.google.com/maps?q=103+Telegraph+Hill+Boulevard,+San+Francisco,+California&hl=en&ll=37.801799,-122.405698&spn=0.007062,0.016512&sll=37.802269,-122.405400&layer=c&cbp=13,166.13,,0,6.93&cbll=37.801803,-122.405753&hnear=103+Telegraph+Hill+Blvd,+San+Francisco,+California+94133&t=h&z=17&panoid=r0q1AZIavglhWWXTQMnIOA

    looks like it’s on the side of a hill. And the cottage is pictured too.

  4. madhaus Says:

    The lot that wahnny found on SF GIS is different than the one Redfin highlighted (above) and the one Zillow points to (right below Redfin plot). Look at the Redfin map above, cross Kearny St toward the East, and it’s the big square lot with the little nub attached to the south. On the Zillow map, it’s on the opposite side of Telegraph Hill Road, with no ZEstimate or little house icon.

    I think kryx’s Google Maps find points to the same place. You can see the apartment block in the satellite photos as well.

    Good work!

  5. Divasm Says:

    Aha, more proof that Zillow’s estimates are broken – the Realtard states that nearby homes are worth $10mil, but Zillow seems to think they’re worth around $1.5mil! And I’m sure the Realtard isn’t wrong.

    I am wondering what a building has to do to receive the coveted “Architecturally significant” moniker. I mean, if it’s just size a prison could receive it, right? I would think that the building has to be Special, and then what? Is there a minimum requirement on the number of mawbul cawlums? A basement big enough to fit a portal to hell?

  6. SFGuy Says:

    From the photo and the description (year built: 1906) this looks like an earthquake cottage. It may be protected, which would make it very hard to develop this lot.

  7. HappyRenter Says:

    This has been on the market for around 7 years. It was originally listed for $4MM.

    The location is that large open space south of Telegraph Hill Blvd. (where the bus stop is).

    The lot has great views, but construction costs in this location are expensive and the buildng codes are very restrictive with respect ot height and massing. It would be hard to make a project pencil out to profit when spending multiple millions on the land.

  8. SEA Says:

    “It would be hard to make a project pencil out to profit when spending multiple millions on the land.”

    How un-RBA can one get?


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