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storage heaven!

House sold:

$839,000 7/21/2005
$760,000 12/29/2006

Now it's $1,049,000.

Looks like the seller bought the house in lae 2006 from the bank. Maybe it was a short sale? Either way, its a great flip for the seller.

My points:

I absolutely love the design: A+
the location is blah and cold: C-
the house sold for $760,000 10 months ago. I think it is overpriced by at least $200K C-

Overall C+

Stunning -- and a great price. The photography is fantastic as well.

Spencer is absolutely wrong. It would be a giveaway any less than the asking price, with all of the upgrades and renovations. You could not touch anything like this in Noe Valley, for instance, for LESS than $1.5 Million, if not more.

Visions of a mid 60s mobile home.........

Stunning home...The price seems reasonable at first but is it really worth the approximate 6K P&I monthly mortgage payment? (Based on 20% down.) Also, if you work downtown you are out of luck in terms of viable public transport.

"Spencer is absolutely wrong. It would be a giveaway any less than the asking price, with all of the upgrades and renovations. You could not touch anything like this in Noe Valley, for instance, for LESS than $1.5 Million, if not more. "

I always thought a giveaway was something you get for free, not $1 million. LOL. I agree the place is nice and gave it an A+ on design, but the loaction is iffy and who in their right mind is going to pay a quarter million more than someone who just bought the place 10 months ago. Not me.

An last i heard, opinions are opinions. We are not discussing who's Right or Wrong, Mr. Bush.

I agree with movingback...you can't touch a 3/2 with this quality in any decent neighborhood, really, for less than $1.5M. Very well done, and people will pay a premium for the quality of the renovation. I bet this goes for 1t least 10-15% over asking, and would go for much more if it were closer in.

"You could not touch anything like this in Noe Valley, for instance, for LESS than $1.5 Million, if not more. "

This is far from NoE valley

"who in their right mind is going to pay a quarter million more than someone who just bought the place 10 months ago. Not me."

Looks like it was a 2/1 ten months ago. The developer must have added a room and a bath.

This is how Zillow describes the sales history for this house:

"Sale History
12/29/2006: $760,000
10/26/2006: $147,689
07/28/2005: $839,000"

Can someone interpret this for me?

can you imagine forgetting which drawer or cabinet you stored something in?

The house is in a decent neighborhood (I happen to like western SF), but it is located right across the street from Lakeshore Elementary School. I saw the property before it was flipped and they've done a nice remodel.

I could see this selling at around $1.15k, maybe even a little higher even in that location. Quality throughout. Kudos to the remodel team, it's a gem.

Spencer, the point is, the seller didn't just purchase it 10 months ago and not touch it, they obviously added a bedroom, bathroom, did extensive remodeling and upgrades throughout the interior as well as bathrooms.Exterior as well. Hence the new price. There are some amazing finishes in this property. Even the neighbors agree it's a nice job. Granted, it might be across the street from a elementary school, however, I'll bet it's still going to sell for at least asking price, if not more.

This property has always had my attention. It's been almost constantly on the market for the past few years. (I happen to work at the elementary school.) It's definitely a nice home, and the location is not bad if you can put up with the bells and the traffic in the afternoons. It's very close to Lake Merced.

The public transportation issue is not horrid. You can walk one block down Middlefield to Sloat, and catch the 23. It takes you right to the Metro stop at St. Francis Circle. Or you can walk. (Which is what I do every day.)

My concern is the constant turn over. It was never really clear what was going on with that house, and it always seemed a bit scetchy. I would go over that property with a fine tooth comb.

That siding and the vinyl windows are all wrong for that structure. The stove is very Jetson's but it might be difficult to make breakfast on it with a hangover.