For my first post in a few months I want to give a shout out to a company that I think is doing something pretty cool in the real estate space. The company is called Unison and they have a down payment assistance program that I think more people should know about. The problem they … [Read more…]
On Sunday my friend Charles and I did a rapid-fire tour of 3 properties in the Pacific Heights / Presidio Heights neighborhoods. I’m going to write about 2980 California Street, because it was the main event of the afternoon. 2980 California Street is a 3,000 square foot Victorian on California Street, listed at $2,499,000, and … [Read more…]
200 Lakeside Drive #803 (A First Look at the Oakland Market) sold for $1,318,000, I estimated $1,232,000 (-6.5%). I think this was a decent estimate. 434 Laurel Street (Estimating the TIC discount (part 1)) sold for $1,860,000, I estimated $1,293,300 (-30%). This is an interesting one – I noted in my post that a prior … [Read more…]
Thank you for all your guesses! We got 25 sale estimates for 1662 Union Street, the first ever attempt at a crowdsourced home sale price estimate that I know of. If you posted early you should go back and check out all the comments – some people shared a few sentences on their reasoning, which was … [Read more…]
This past weekend I checked out six homes and many of them were worth a writeup but I wanted to highlight 71 Curtis Street because it presents an interesting case study for the value of a single family home in a San Francisco neighborhood that hasn’t gentrified yet. 71 Curtis Street is listed at $995,000. … [Read more…]
We have two completed homes sales to compare against their estimates! That’s the end of the good news! 88 Garden Street (Let’s Tour an Underpriced 2 bed, 2 bath) was the first home that I saw and it sold for $1,205,000 as compared to my estimate of $1,061,100 (-12%). Even as I made the estimate I noted that … [Read more…]
On Sunday my friend Sarah and I did an open home circuit, visiting four homes between $2.5m-$4m. The itinerary would have included a few homes in the < $1m range but our ambitious plan didn’t account for 20 minutes to find parking in Cow Hollow. All the time circling Union Street was worth it though, because … [Read more…]
434 Laurel Street is a full floor tenancy in common (TIC) in the desirable Presidio Heights neighborhood. And it looks great! But it’s also listed at $1,495,000 which intrigued me because it’s not large (I estimate 1,100 square feet) and the final price should include some sort of TIC discount. TICs are common throughout San … [Read more…]
A lot of San Francisco listings don’t display property square footage so that your first impression of the home isn’t the $ / square foot cost. I think there are cases where this can make sense (e.g. homes with auction value) but by and large I think you’re better off sharing the datapoint even if your asking price … [Read more…]
For quite some time now I’ve had my eye on the neighborhoods on the backside of Twin Peaks and Diamond Heights – neighborhoods like West Portal, St. Francis Wood, and Monterey Heights. There are some lovely single family homes back there and it feels far away from the city without being that far at all. Last … [Read more…]