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The market remains inconsistent, with some houses and condominiums selling like hotcakes with multiple offers at strong prices while other perfectly good and solid properties sit. Evidence of that can be seen below.
TIC Status — Who Cares? The Views Are Worth It (and the new construction too). 672 Grand View Avenue is a sister TIC unit of 674 Grand View Ave, a 3-bed, 3-bath, 2300+ townhouse that went into contract this week that is still under construction. 672 is much like 674 — multiple levels, private elevator, multiple parking spaces, and 2,300+ sqft. Slated to be done within 60 days, the unit is being sold off-market at $1.7M+
1211 26th Avenue is a nicely done Sunset home near Lincoln next to Golden Gate Park. With 3 beds, 2 baths and about 1,500 sqft the buyers here went in preemptively at $1.45M (the list price was, of course, $1.098M). After getting a “no,” the sellers thought about it again and after some more negotiating the house will sell at $1.5M.
The Winchester Mystery house vibe was definitely on display at the relatively ho-hum, but larger, Inner Parkside house at 2255 14th Avenue. The odd-bird variation of the Sunset style home had 3 bedrooms and 3 bathrooms over two levels. The odd-bird layout didn’t deter more than 150 sets of buyers asking for disclosures for the nearly 1,600-sqft house that was listed at below-value $1.095M price (common practice for the western part of the city). And on the offer date, there were 25 offers with the winning one being among the many that broke the $1.7M barrier.
The rare 4-bed, 3-level, decently redone Miraloma Park house at 514 Myra was also listed at a low $1.388M. With big views, a cute block and throwing distance to Miraloma Elementary, the property received multiple offers and is in contract above $1.7M for just under 1,600 sqft of living area.
The 3-bed, 2-bath, no-parking, 1,300+ sqft condominium at 63 Walter Street near Duboce Park was listed for 7 days before their offer date. Listed as “coming soon” since November last year, the top-floor unit is a mix of traditional finishes but fantastically updated modern bathrooms, skyline views from the walk-out patio next to the opened-up kitchen-family-dining area at the rear of the unit. Of course, the property is in contract over its $1.298M list price thanks to the 18 offers it got. Just how much remains to be seen.