While 326 Valley will most likely benefit from the past tense construction next door, the rather beautiful 1217 Dolores might be suffering a bit from the future tense construction next to it (the list price was recently reduced $225,000 or 8.7%). From our tipster:
[1217 Dolores] was well received but no offers….All agree the house is great but the construction scheduled for the lot next door has scared away potential buyers. Surprising it hasn’t sold.
So is it noise, dust, or neighboring design? Who’s got the drawings? And is it possible that the surprise could actually be symptomatic of something else?
UPDATE: Still no drawings, but from a plugged-in reader: “I did some research on the next door development. It appears that someone (not me…) bought 1225 Dolors for $1.05M in Aug ’06 and filed two permits: one to demolish the garage, which was approved and another one to erect 4 story building with 3 condos. The 2nd permit is still pending approval.”
∙ Listing: 1217 Dolores (5/3.5) – $2,375,000 [1217dolores.com] [MLS]
∙ A Neighbor Notices Another Noe Valley Apple On The Tree: 326 Valley [SocketSite]