December 24, 2009

This would’ve been a great stocking stuffer in San Francisco

Sale Pending (MLS-listed)
Listed at: $98,000

Beds: 3
Baths: 2
Sq. Ft.: 1,360
$/Sq. Ft.: $72
Lot Size: -
Property Type: Condominium
View: Water
Year Built: 1981
Community: Hunters Point
County: San Francisco
MLS#: 361540
Source: San Francisco MLS
Status: Contingent This means the sellers have accepted on an offer on the property, but success may still depend on passing a home inspection or the buyer’s financing approval. It may still be possible to tour these properties and submit a backup offer in case the current one falls through.
On Redfin: 95 days
In 2004 this unit had a newer kitchen and carpet and was freshly painted. You can still see the renovations in the kitchen including the tile floors and granite counters. Laundry in unit. However, the unit has suffered wear and tear. Rent is $2,273/month. An investor WILL cash flow. A homebuyer will need to put in the work, but this property can shine. Short sale. Showings limited to 2:00-4:30 p. m. Tues-Fri and by appointment. Recent sales: 120 & 126 Kirkwood, same complex, but sold vacant.

Thanks to Burbed reader Pralay for this find.

At $72 per square foot, this would’ve been the perfect stocking stuffer for someone. Unfortunately, it’s already pending. You snooze, you lose.

It also goes to show how the affordable housing crisis is pretty much over. Sure it’s in Hunters Point, but that just means there’s more growth potential.

So let’s look at some of the work that might be needed:

image

Oh that’s no big deal. Some Tilex will clean that right up.

Just think of the amazing cash flow from this. $2273 a month in rent. This, my friends, was the gift that will definitely keep on giving.

Comments (2) -- Posted by: burbed @ 5:00 am






November 28, 2009

Where San Francisco Shop!: Great Shopping Wherever You Are (Where to Shop Guides) (9780762746293): WHERE MAGAZINE: Books

Amazon.com: Where San Francisco Shop!: Great Shopping Wherever You Are (Where to Shop Guides) (9780762746293): WHERE MAGAZINE: Books
Where San Francisco Shop!: Great Shopping Wherever You Are (Where to Shop Guides) [ILLUSTRATED] (Hardcover)

Whether you have just a day to blaze through town or want to do some serious browsing, this guide is for you.

Inside, you’ll find:

> Shopping tours with a mission—books, great things for cooks, shoes, cool
clothes, and only-in-San Francisco souvenirs

> 200 best-in-neighborhood picks, grouped by local area

> 14 maps pinpointing what’s where in each neighborhood

> Store names in text and on maps color-coded by category

> Two PopOut maps showing the core of the city

> Backed by the experts at Where® magazine, which has been helping travelers
find the fun since 1936

> More than 125 color photos—and  more!

Yeah this isn’t real estate related, but as a site that aims to bolster the image of the Bay Area and compete against Manhattan, this is important.

People don’t think of shopping when they think of the Bay Area, and it is high time that changed. This guide will help for those focused in San Francisco.

But don’t forget to visit the amazing shopping in Silicon Valley. Check out all the stores in downtown San Jose. Then, 15 minutes later, be sure to check out the amazing stores at Cupertino Square. Then, 15 minutes later, be sure to check out Downtown Mountain View. Then, 15 minutes later, be sure to go to Stanford Mall. And then Valley Fair, and then Santana Row.

Finally, be sure to stop at Fry’s before wrapping up your shopping spree in the South Bay.

Woohoo! Take that Manhattan. Do you have such cool and edgy stores like we do? Can you see an Apple I in any of your stores. Nope. Didn’t think so.

And guess what, if you’re shopping for hosting service, try out Dreamhost. Enter “burbed” for $10 off! Please support burbed.

Thanks!

Comments (2) -- Posted by: burbed @ 5:21 am

November 24, 2009

San Francisco house ready for the holidays!

410 45TH Ave, San Francisco, CA 94121 | MLS# 80952093
$839,000
410 45TH Ave San Francisco, CA 94121
Beds: 4
Baths: 2

410
Sq. Ft.: 1,570
$/Sq. Ft.: $534
Lot Size: 3,000 Sq. Ft.
Property Type: Attached Single Family
Style: Contemporary
Stories: 2
View: Ocean
Year Built: 1951
County: San Francisco
MLS#: 80952093
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 11 days
Absolutely stunning remodeled single family house in the most desirable neighborhood of San Francisco Outer Richmond. Built in 1951 with approximately 1,738 square feet per public record, this home features a custom made front gate, double entrance doors, four bedrooms, two full baths, formal living room with recessed lights, dining room, and a gourmet kitchen which comes with maple wood cabinets.

Thanks to Burbed reader nomadic for this find!

I know, I know. Holiday Creep. But let’s face it, this house is perfect for the season and so if you want to get ready, now’s the time. The real question to me is what to do with this house when Christmas is over! Do you repaint it for Valentine’s day? For easter? Do you just leave it like that?

Personally, I’d put up some stanchions and velvet ropes along the red walkways so that you could pretend you’re walking down a red carpet. Just think about the awesome Oscar and Emmy parties you could have. Who are you wearing, baby!

That said, I don’t think we can leave without taking a look at the backyard…

410a

I’m kind of surprised. That awesome of a paint job on the front, and no paint in the back? Where’s the foul line? The half court? Come on!

Paint this in the colors of your favorite team, and watch as the value soars!

Comments (13) -- Posted by: burbed @ 5:03 am

November 22, 2009

28% of San Francisco homes on sale have had price cut – San Francisco Business Times:

28% of San Francisco homes on sale have had price cut – San Francisco Business Times:
More than a quarter of homes listed for sale in San Francisco have had their asking prices cut in the last year, with a whopping $66.1 million in total price reductions for the city.

According to real estate business Trulia Inc., 28 percent of listed homes in San Francisco have had their prices cut in the last year. That puts San Francisco at No. 27 on a list of the top 50 U.S. cities ranked by percentage of homes that have been discounted.

Minneapolis ranks No. 1, at 39 percent, and Milwaukee No. 2, at 37 percent.

San Francisco’s the highest California city on the list, ahead of No. 34 Los Angeles (26 percent) and No. 37 Sacramento (24 percent).

Locally, Oakland ranks No. 43, with 23 percent of listed homes being offered for less, and San Jose comes in at No. 46, with 20 percent.

Fresno is No. 50, with 17 percent of its listed homes discounted.

Ok folks, this is way not cool. Let’s remember:

joinordie

I know it can be frustrating sometimes, but we really must band together to keep our housing prices high. First it’s a 1% discount, the next thing you know we’ll be giving away houses. How will we ever compete with Manhattan effectively if we don’t work together as a team.

Here’s an idea – for next Friday, Black Friday – let’s all do the opposite and hike our asking prices by 15%. That way, we can start a virtuous cycle of everyone trying to raise their prices faster than their neighbor, instead of a vicious cycle.

Together, we can do it!

Comments (30) -- Posted by: burbed @ 5:20 am

October 15, 2009

Please overbid on this San Francisco house

1314 29th Ave, San Francisco, CA 94122 | MLS# 360766
1314 29th Ave San Francisco, CA 94122
Price: $709,250

1314
Beds: 2
Baths: 2
Sq. Ft.: 1,285
$/Sq. Ft.: $552
Lot Size: -
Property Type: Full, Single-Family Home
Style: Spanish/Mediterranean
Year Built: 1935
Community: Central Sunset
County: San Francisco
MLS#: 360766
Source: San Francisco MLS
Status: Active
On Redfin: 34 days
Excellent location, within walking distance to shops, Muni bus, Golden Gate park and other conveniences. 2 br. , 1 ba, breakfast area, living rm with exposed beams, formal dining rm overlooking center patio. Property is a probate sale with court confirmation. Tenants in downstairs room rent at $300 mo/mo. Court date is 10/13/09, 400 McAllister St. ,Rm 204 at 9 AM. 1st overbid amt is $709,250.

Thanks to Burbed reader Jeff for this find!

In particular, Jeff was curious about the comment “1st overbid amt is $709,250″.

I’m not sure what’s going on there either. Anyone? Is this a demand that you overbid on this house?

But there are so many other questions – it’s 2br, 1ba – but also 2br, 2ba. And there are tenants in downstairs room paying $300 per month (that’s it??) So how many bedrooms and bathrooms are there really? And why are the tenants only paying $300 a month?

So many questions.

And so much cleaning will be necessary:

1314a

Any answers anyone?

Comments (22) -- Posted by: burbed @ 5:54 am

October 13, 2009

Earthquake cottage for sale in Bernal Heights

48 Cortland Ave, San Francisco, CA 94110 | MLS# 361055
San Francisco, CA 94110
Price: $499,000

48
Beds: 2
Baths: 1
Sq. Ft.: -
Lot Size: -
Property Type: Single-Family Home
Style: Cottage
Year Built: 1908
Community: Bernal Heights
County: San Francisco
MLS#: 361055
Source: San Francisco MLS
Status: Active
On Redfin: 25 days
This 1900′s earthquake cottage is located in the heart of vibrant Bernal Heights. The main living space is open from front to back with a patio just outside the front door & a brick patio/back yard off the back porch. The kitchen has had updates in the past with a gas range & refrigerator. Roof 2003. Super access to local dining, cafes & shops. Also just a few blocks to Church & 30th St. dining/stores. Great public trans & 280 access. Legal designation of the bedrooms is unknown & not warranted.

Thanks to Burbed reader sonarrat for this find.

Let’s take a look at what he had to say:

The listing doesn’t mention the square footage. Apparently that’s not important! Well, I’ve got some insider information (read: Zillow).

360 sf. Lot? 1,245 sf.

So that puts this Bernal Heights property at a heady $1386 per square foot, and exactly $400 per square foot of LOT. Woot!

Woot indeed! Wowsers! Go Bernal Heights!

Come on… this is simply priceless!

48a

Properties like this should make the Bay Area proud. It’s listings like this that will help us continue our battle against Manhattan. With a few more of these, I know we can beat them in being unaffordable.

BTW, in case you were wondering, this is what an Earthquake Cottage (Shack) is.

Now, you too can live in a piece of Californian history! Wowsers!

Comments (10) -- Posted by: burbed @ 5:22 am

September 28, 2009

Semi-attached Art Deco house in San Francisco

908 Sunnydale Ave, San Francisco, CA 94134 | MLS# 358172
908 Sunnydale Ave San Francisco, CA 94134
Price: $799,000

908
Beds: 3
Baths: 1
Sq. Ft.: 1,118
$/Sq. Ft.: $715
Lot Size: -
Property Type: Single-Family Home, Semi-Attached
Style: Art Deco
Year Built: 1952
Community: Visitacion Valley
County: San Francisco
MLS#: 358172
Source: San Francisco MLS
Status: Active
On Redfin: 78 days
Recently update. New kitchen, beautiful hardwood floors. Ready for a new owner

This is one of those properties that makes me proud to be in the Bay Area. $800k…. $715 per square foot.

No interior pictures.

It’s the kind of property that knows who is the boss… who is in control. It’s the seller. And the seller saying to you, the buyer, “You’re my bitch.”

Nice. I love it.

I also love the look of this semi-attached house. I like the bold clean lines that says “I’m a Costco – but with windows.” I like the plethora of cables that allow you to tie your tennis shoes together, and throw them onto the wires.

But most importantly, I love the art deco trim of this house.

Now, I know that a lot of snobby east coast know nothings would probably say that this is art deco:

But hey… this is New Art Deco, if you know what I mean. And, isn’t that trim between the first and second floors kind of like the trim above?

Like or leave it. Welcome to the Bay Area.

Comments (16) -- Posted by: burbed @ 5:31 am

September 25, 2009

House with $5,525 potential gross income

1793 Geneva Ave, San Francisco, CA 94134 | MLS# 359554
1793 Geneva Ave San Francisco, CA 94134
Price: $625,000

1793
Beds: 3
Baths: 1
Sq. Ft.: 1,304
$/Sq. Ft.: $479
Lot Size: -
Property Type: Single-Family Home
Year Built: 1946
Community: Visitacion Valley
County: San Francisco
MLS#: 359554
Source: San Francisco MLS
Status: Active
On Redfin: 40 days
Single Family Home used as investment property with gross potential income of $5,525. Contact Agent for more info.

Hey hey hey entrepreneurs! Check out what I’ve found for you!

With easy access to power lines, and protected from tsunamis by a mountain behind it, this house offers $5,525 of gross potential income.

That’s right! $5,525! Did you notice that the unit of time isn’t specified? That’s because it’s per day!

Yep. $5,525 per day. This house can be for all sorts of lucrative purposes – your imagination is the limit. Personally, I think you can rent it out for ultimate parties for celebs like Lohan, or sports figures like Vick. Or… you can have corporate off-sites for Amgen, Genentech, and other firms.

Look… it’s happening already! There’s a BMW parked outside. Ooooh! Ahhhhh!

Buy this house and start profiting today!

Comments (108) -- Posted by: burbed @ 5:20 am

July 27, 2009

NSFB2 (Not Safe For Breakfast): A little deferred maintenance in San Francisco

469 Valley St, San Francisco, CA 94131 | MLS# 356925
469 Valley St San Francisco, CA 94131
Price: $675,000

469a
Beds: 4
Baths: 2
Sq. Ft.: -
Lot Size: -
Property Type: Single-Family Home
Style: Cottage
View: Bay, San Francisco, Twin Peaks, Canyon, Valley
Year Built: 1910
Community: Noe Valley
County: San Francisco
MLS#: 356925
Source: San Francisco MLS
Status: Active
On Redfin: 47 days
Diamond in the rough. Zoning is RH-2. This SFR is a situated on a quiet block of Noe Valley. Current structure is in dilapidated condition. Property has nice views of Noe Valey, Diamond Heights, S/W and S/E views. This is a Probate Sale (IAEA). .. property shall be sold in its physical AS-IS condition.

Looks familiar? It should. Burbed reader Carsten has been keeping tabs on this house and had sent it in back in December! But there were a few slight differences back then:

NSFB (Not Safe For Breakfast): A little deferred maintenance in San Francisco

Back then it was a Contractors Special. Now it’s a Diamond in the rough. And it’s taken a price cut. Frankly, I’m a bit surprised. I would’ve expected this to have been sold already given what an awesome deal it was before. Now its an even more awesome deal!

Just imagine the possibilities. How much lower can this go? What would you build on this lot to maximize its full potential?

Comments (16) -- Posted by: burbed @ 5:40 am

July 10, 2009

This Richmond, San Francisco house keeps SF in the Real Bay Area

341 Cornwall St, San Francisco, CA 94118 – Zillow
341 Cornwall St San Francisco CA 94118

3 beds, 2.5 baths, 1,690 sq ft
Close

For Sale: $1,195,000,100

341

Loan type:
Interest Rate:
%

Down payment:
% ($239,000,020)

Include estimated taxes and insurance
Estimated payment: $5,424,729

* 3 beds
* 2.5 bath
* Built in 1907

Seller’s Description:

Charming Edwardian home in convenient location near Lake Street, Laurel Village shopping, Mountain Lake Park, and transportation. This home has three bedrooms and two baths on one level as well as a sunroom that overlooks deep rear garden. Beautiful sunny foyer with beveled mirrors leads to the living room with fireplace, separated by pocket doors from the formal dining room with built-in sideboard, and also opens to the kitchen which overlooks deck and garden. This floor is completed by a powder room. Lower level has large garage, laundry and extra storage.

Thanks to Burbed reader Jason for this find.

I’m going to keep this one terse. All I can say is that this house definitely keeps San Francisco in the Real Bay Area.

Comments (19) -- Posted by: burbed @ 5:35 am