Could It Really Be An Unlucky 13 (Years) For 1269 Lombard In 2011?

Could It Really Be An Unlucky 13 (Years) For 1269 Lombard In 2011?

While the Planning Commission has approved all the necessary permits and variances necessary to raze and rebuild at 1269 Lombard, and the proposed project has survived three Discretionary Reviews and a number of appeals over the past year, the project is back in front of San Francisco’s Board of... Read More »

An Uptick In Activity (Versus Values) At One Rincon Hill

While a couple weeks behind in updating their listings on the MLS, it would appear the sales office at One Rincon Hill has had a relatively busy January. In terms of two-bedrooms, sales have included 425 1st Street #4306 for $985,000 ($796 per square), it had been listed for $1,383,000 nine months ago; 425 1st Read More »

3953 Sacramento Returns Anew Again

3953 Sacramento Returns Anew Again

As we wrote this past August: Purchased out of probate as a vacant two-unit building in need of TLC and sold “as-is” with “no further responsibility/liability implied or expressed whatsoever” this past January, 3953 Sacramento has returned to the market asking $3,525,000 as a “renovated to the studs” single-family home with “au pair” unit below. Read More »

2600 Pacific: The “Inside” Scoop

While a number of plugged-in readers have collectively made a pretty good case for who they believe was behind the masked purchase of 2600 Pacific for $15,500,000 last month, another provides the “inside” scoop: I don’t know who purchased the house but I do know who sold it – the estate of a very odd, Read More »

San Francisco Listed Housing Inventory Update: January 31, 2011

San Francisco Listed Housing Inventory Update: January 31, 2011

Inventory of listed single-family homes, condos, and TICs in San Francisco increased 6.9% over the past two weeks to 1,341 active listings. Over the past five years listed inventory levels have increased an average of 5.5% in San Francisco during the same two weeks. Current listed inventory is up 31% on a year-over-year basis, up Read More »

Like The Swallows To Capistrano, 830 El Camino Del Mar Returns

Like The Swallows To Capistrano, 830 El Camino Del Mar Returns

We never get tired of the image. If only we could say the same about the listing. That’s right, like the swallows returning to San Juan Capistrano, 830 El Camino Del Mar has returned to the MLS for the sixteenth time since 1998 without a single sale. Asking $8,500,000 in 1998, the property hit a Read More »

12 Auburn Comes Up Short On Nob Hill

12 Auburn Comes Up Short On Nob Hill

So there’s no deeded parking and Nob Hill, but it is a rather cute little two-bedroom at 12 Auburn that’s just returned to the market after a one-month hiatus, only it’s now listed as a short sale for “$699,000” having been purchased for $700,000 in May 2005. The property had been listed for as much Read More »

1855 Laguna: Nudged To Market In Lower Pacific Heights

1855 Laguna: Nudged To Market In Lower Pacific Heights

Purchased for $2,660,000 in April 2006 with 25 percent ($532,000) down but a second added for $182,000 two months later, the fully remodeled Victorian home at 1855 Laguna with a big Viking and Sub-Zero in the kitchen returned to the market a week ago. Now listed as a short sale for “$2,195,000,” three weeks ago Read More »

Highly Leveraged In 2005 And Now An LPS Flag Flies In Noe

Highly Leveraged In 2005 And Now An LPS Flag Flies In Noe

As we wrote this past October: Purchased in April 2005 for $1,227,000 with 95 percent leverage and 5 percent ($61,400) down, the single-family home at 1688 Dolores was briefly listed this past March for $1,050,000 before being withdrawn. Yesterday the Noe Valley home returned to the MLS listed for “$1,050,000″ as a short sale and Read More »

The Secretive Sale Of 2600 Pacific

The Secretive Sale Of 2600 Pacific

For the past three weeks we’ve been inundated with questions about the recorded sale of 2600 Pacific for $15,500,000 late last year. Or more accurately, a recorded transfer tax of $232,500 in December which translates to said sale price. And while we couldn’t get past the hidden buyer to confirm (“HOS Pacific LLC” anyone?), neither Read More »

There’s Adjacent And Then There’s Adjacent At Planning Today

There’s Adjacent And Then There’s Adjacent At Planning Today

With today’s Planning Commission meeting just about to get started, the adjacent neighbor to the east of 226 Cabrillo writes: We’re direct neighbors to the proposed structure, and it’s funny how mention of the neighborhood commission and “neighbor” opposing the construction makes it sound like we’re the ones opposing it. Couldn’t be further from the Read More »

An Estimated 2,500 Units Entering 2011 Condo Conversion Lottery

With an estimated 2,500 units entering San Francisco’s 2011 condominium conversion lottery (up 15 percent from 2,179 in 2010), just under one in twelve of the units will win one of the two hundred rights to convert versus just over one in five when 994 units applied in 2003. At the same time, according to Read More »

2041 Sacramento Sells (For Reals This Time) At 38% Under 2007

2041 Sacramento Sells (For Reals This Time) At 38% Under 2007

As plugged-in people know, the MLS reported “sale” of 2041 Sacramento for $1,950,000 this past October wasn’t actually a sale but rather the bank foreclosing upon the remodeled top floor Pacific Heights condo back. And not even at that “price.” Yesterday, however, a legitimate sale of 2041 Sacramento appears to have closed escrow with a Read More »

11 Offers And 27% Over Asking Yields 9% Under 2001 On Potrero Hill

11 Offers And 27% Over Asking Yields 9% Under 2001 On Potrero Hill

With a reported eleven or twelve offers, the sale of 146 Connecticut #3 closed escrow yesterday with a reported contract price of $665,000. While that’s 27 percent “over asking and with multiple offers,” the sale price for the Potrero Hill condo was also 24 percent under its sale for $880,000 in 2004 and 9 percent Read More »

Behind The Sperling’s Shocking “Sale” Of 2323 Hyde For $9,000,000

Behind The Sperling’s Shocking “Sale” Of 2323 Hyde For $9,000,000

A reader perusing Redfin is a bit shocked to come across the reported sale of 2323 Hyde Street for $9,000,000 two weeks ago, a nearly 9,000 square foot Russian Hill home that was listed for $18,700,000 for most of last year. The least expensive of three big San Francisco properties accumulated by the Sperlings of Read More »