May 25, 2007

Real Estate Numerology: The Numbers Seven And Two

3040 Pacific: Entry Way

According to one tipster, there were seven (7) offers on 3040 Pacific and “almost all were north of $6 million.” And according to yet another reader, the final contract price is ~$7 million (okay, so $6.6M).

And while seven (or six) might have been the magic number for 3040 Pacific, it appears that 1703 Octavia is all about the number two. The property features a double parlor living room, 2 bathrooms on upper level, 2 decks, 2 car side by side parking and 2 Viking stoves. And after just about two months on the market, the price was reduced by a little over two hundred thousand dollars ($245,000) and is now listed at just under two million ($1,950,000). It’s definitely a sign (of a long week).

Gardens To Left Of Me, Gardens To The Right Of Me [SocketSite]
∙ Listing: 1703 Octavia (4/3.5) - $1,950,000 [MLS]

First Published: May 25, 2007 10:32 AM

Comments from "Plugged In" Readers

So $1750 per foot for the home on Pacific... and it only needs new everything! It's still a great house though.

Posted by: Sleepiguy at May 25, 2007 12:56 PM

The listing for 1703 Octavia is missing a little detail: it's right next door to Quince, a high-end Pac Heights restaurant.

Positive or negative, I'm not sure. I doubt there's much of a noise problem, but you will get to watch the valet team parallel-park Ferraris and Maseratis at your doorstep most nights of the week. On the other hand, maybe the maitre d' will put you on the short list for last minute cancellations?

[Editor's Note: Ummm...Quince.]

Posted by: James Byers at May 25, 2007 1:52 PM

Didn't go in it, but did a drive by of this place (Pacific) and its fairly prestigious, but you share a 'lot' that is heavily subdiveded and there is some cool place in the back that was in need of total rehab. Now that is the place I found most interesting. Anyone have the scoop on that place?

Posted by: eddy at May 25, 2007 2:31 PM

^ I went in. It was small, about 4000 sf, but quite nice. It needed updated bathrooms and a new kitchen. Still, I imagine it'll be gut job.

But what place behind it are you talking about? Not the pepto mansion being redone? I don't recall a nearby fixer...

Posted by: Sleepiguy at May 25, 2007 2:52 PM

The place on Pacific had a driveway on its left. If you walked up that driveway and walked straight into the residence that was there; that is the property I'm talking about. It looked like it was being rehab'd with scaffolding out front. Looked very nice.

Posted by: eddy at May 25, 2007 3:18 PM

Was it this one?

http://www.sfproperties.com/properties/3052pacific/index.html

In any case, it's too bad the buyers destoyed the lovely garden...

Posted by: Sleepiguy at May 25, 2007 3:56 PM

I don't think it was that place; but here is a live maps pinpoint location. Click the birds eye view. BTW, this is an amazing tool!!!

http://maps.live.com/?v=2&sp=Point.q8yyqm4swk2g_This%20place___&encType=1

BTW, this picture from Malin's site is hysterical:

http://www.sfproperties.com/properties/3052pacific/images/large_prop_08.jpg

Posted by: eddy at May 25, 2007 5:46 PM

The house with the drive to the left is definitely 3052. I just went by the decorator's showcase again today and parked nearby. The house you mentioned is on Broadway and doesn't seem to be having any work done. It's also not visible from 3040.

Posted by: Sleepiguy at May 26, 2007 11:59 AM

3040 Pacific is back on market along with a significant amount of other new inventory. Not enough time today.

Posted by: eddy at September 14, 2012 12:25 PM

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