October 30, 2006
Booming In Bernal?
We can’t help but notice a mini-boom of extensively renovated (or newly constructed) Bernal Heights homes hitting the market over the past couple of months. The latest example: 115 Wool Street (advertising “all new electrical, plumbing, windows, [and] skylights” along with a “gourmet” kitchen, concrete counters, and an underground wine cellar).
And while the description and pictures piqued our interest, we’re having a hard time getting a feeling for the flow and finish of the house (we missed the “Wine Reception Preview” and open houses last week). Have any readers taken a tour and care to share a first impression, or perhaps be willing to compare and contrast with any of the other newly renovated/constructed Bernal homes that are currently on the market?
∙ Listing: 115 Wool Street (3/2) - $998,000 [MLS]
First Published: October 30, 2006 8:22 AM
Comments from "Plugged In" Readers
This is a quick flip. bayareasoldhomes.com says this place was purchased for $641K in February of this year. Although the renovation does sound expensive.
Posted by: Dude at October 30, 2006 9:26 AM
My clients loved it.
Posted by: Anon at October 30, 2006 9:34 AM
I made it to the wine reception and it was well attended. The one thing I would say is that it is no quick flip. It seems like someone has spent a lot of time on this place. The finishes were top notch.
Posted by: Pete at October 30, 2006 10:54 AM
There’s a world of difference between a “flip” (quick resale without adding much value) and a down to the studs remodel and redesign. From the pictures I’m guessing this was a $150-200K remodel (and worth every penny).
Posted by: Michael at October 30, 2006 11:19 AM
I was at the wine reception as well and based on what I saw, this house would've sold for a lot more than $614k if it were anywhere near this nice in February.
Posted by: Anon2 at October 30, 2006 4:26 PM
I have experienced several properties that were renovated in the past by this builder. The attention to detail in all, and especially this property is top-notch! I would put the remodel in excess of $300K.
Posted by: James at October 31, 2006 4:59 PM
Here is another beautifully executed renovation from the same team that remodeled 3960 Folsom Street. I was at the wine reception and from the moment I walked in I could see that no detail was overlooked. It was easy to see that each room has been designed thoughtfully and executed using the highest grade materials available. This property is a wonderful example of quality workmanship inside and out. The two contractor/designers who did the remodel spent in excess of over $300,000, and infact have not paid themselves with any of that money.
Posted by: Jane at November 2, 2006 10:49 AM
The house is gorgeous, but seems underpriced. Anyone care to comment on what it should be going for?
Posted by: Anon at November 6, 2006 12:43 PM
zillow said it went for 1.25m. went to see it twice, was really nice.
Posted by: brett at January 21, 2007 12:13 AM
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