January 12, 2011
1365 Portola Drive: An Apple In The St. Francis Wood Of Trees
The property failed to sell in 2008 when listed for $1,950,000 or $1,699,000 in 2010. And at the time of its foreclosure this past August, open loans on the property totaled $1,795,000 and included a first for $1,120,000, a second for $425,000, and third underwritten in 2009 for $250,000.
Sure, that "Grand Curb Appeal" is from a busy street, but that’s why the 3,000 square foot remodeled St. Francis Wood home only fetched $1,325,000 back in May of 2002 (15 percent more than its current list price).
First Published: January 12, 2011 1:00 PM
Comments from "Plugged In" Readers
Wow. That is ugly.
Posted by: R at January 12, 2011 1:17 PM
Whatever happened to that pair of new houses they built out here (or maybe it was somewhere else) that were just renderings for a while. I remember they had bentley's in the garage. They were like two faux italian villas or something.
[Editor's Note: A Finished 168 Yerba Buena Avenue Returns At Fifty Percent Off.]
Posted by: lolcat_94123 at January 12, 2011 1:22 PM
Sotheby's had their sign up for about a month now...
[Editor’s Note: Cheers and since reworded.]
Posted by: Geo at January 12, 2011 1:36 PM
Words escape me for the disaster that is this home.
Posted by: eddy at January 12, 2011 1:53 PM
The house looks worse in person.
Another case of a tiny sliver of land being developed to squeeze more profit from SF's very limited remaining open space.
Up in Miraloma a church is closing and it looks like developers want to buy the land and squeeze 7 homes onto a tiny parcel. It will be wall to wall houmes with no front yard and tiny, tiny backyards if the city allows thbis to happen. Which, given the SF's track record, most likely will happen.
Posted by: Gil at January 12, 2011 1:58 PM
It looks like the client's instructions to the architect was : "Design us the largest house that will fit into this lot and our budget."
Photo 4/10 demonstrates the flipside of the "space creating ultra-wide angle lens". In this case the floor looks large at the expense of making the ceiling look extra low. I feel claustrophobic just looking at that photo.
It will be hard to argue that the 2002 buyer overpaid due to bubble money.
This will be a good fit for a buyer with a large family and without a need for the latest trends in design.
Posted by: The Milkshake of Despair at January 12, 2011 2:15 PM
It's true about the space or lack thereof. There is a postage sized side yard and the side of the house opposite the photo has a drivewaycrammed up against it for the house beside it.
This is obviously a very late add on. The homes around it in St. Francis Woods have much larger lots and interesting designs.
I'd almost guess that this was at one time the sideyard of the house behind it and it was sold off to squeze in this monstrosity.
Posted by: Gil at January 12, 2011 2:39 PM
st frances woods is a great neighborhood for families but this is the house the other neighbors shake their heads while walking their dogs
Posted by: meep at January 12, 2011 2:49 PM
Speaking of there goes the neighborhood... 24 Yerba Buena Ave. received another NOTS on Nov. 18 (third times the charm?) There is a suspicious looking (to my untrained eye) Deed to an LLC on Dec. 10, so we'll see if this makes it to the auction block (Feb. 7, according to RealtyTrac). Originally bought with $1 million from WaMu & $200k from NCB & a $400k down payment according to PS.
Posted by: EBGuy at January 12, 2011 3:54 PM
Are you talking about the purple church accross from Mollie Stones? I agree with everyone else, this house is a pooch.
Posted by: Sunny Jim at January 12, 2011 3:57 PM
To your question Sunny Jim - not, it's not that church. It's the Miraloma Community church at the corner of Teresita and Arroyo.
Posted by: Gil at January 12, 2011 4:20 PM
Breathtakingly bad décor. Tearing down those 1967 dowager draperies might be a good start.
Posted by: derrysf at January 12, 2011 6:13 PM
Oh look, SocketSite swiped another Curbed story
Posted by: The Milkshake of Despair at January 13, 2011 12:17 PM
That's typical of my experience with Curbed too, Milkshake. Once I commented on it on the Curbed post and got a defensive response from the editor about how there were only a limited number of new listings to write about, or something along those lines.
Posted by: sfrenegade at January 13, 2011 12:22 PM
Posted by: Geo at January 28, 2011 4:46 PM
Curbed is a run by the real estate industry. On the other hand, I never understood why you'd buy a house where you also had to buy HOA/NA dues - unless you were living gated and were paying the guards.
Posted by: halpern at March 4, 2011 3:18 PM