The Rather Short Sale On Sotelo (That Took A Rather Long Time)

The Rather Short Sale On Sotelo (That Took A Rather Long Time)

As we wrote about 56 Sotelo this past March: It’s been ten months since 56 Sotelo Avenue first hit the market asking $1,995,000 having been purchased for $1,900,000 in 2007 and then remodeled incorporating new wrought iron gates imported from South America amongst other updates. Relisted, reduced a few... Read More »

A Gentle Reminder That New Paint Does Not Equal Remediation

A plugged-in reader reports with respect to a home currently on the market in Noe: One of the neighbors got a sneak peak at the place after the tenants moved out and saw evidence of a leaky roof in several places and extensive mold on the walls in most of the rooms – imagine what’s Read More »

Conforming Loan Limit Extension Gains Obama’s Support

As plugged-in people are well aware, the super/jumbo conforming loan limits that provide for federally backed mortgages up to $729,750 in high cost areas like San Francisco were first passed as part of an economic stimulus bill back in 2008, were extended by President Obama last year, and are currently set to expire on September Read More »

How To Acquire “Free” Money: Borrow, Then Don’t Pay It Back…

How To Acquire “Free” Money: Borrow, Then Don’t Pay It Back…

Speaking of “free” foreclosure living in San Francisco, it was a year ago that we first wrote about 1945 Franklin, the six bedroom Pacific Heights home whose previous owners have included Nicholas Cage, Howard Grossman, and Patricia Arquette. Purchased in June of 2005 for $3,000,000 by way of a $2,350,000 first mortgage and a $790,000 Read More »

The Sale Price For Smitty Number Three

The Sale Price For Smitty Number Three

As we reported in June: Converted in the year 2000 by Bay Area architects Abrams & Milliken, the largest of three units within the former Smitty Knitting Factory building at 75 Lansing Street hit the market in 2006 listed with 4,000 square feet for $2,995,000 and sold for $2,800,000. With Venetian plaster, windows galore, and Read More »

S&P/Case-Shiller San Francisco: SFH’s Tick Up, Condos Down In June

S&P/Case-Shiller San Francisco: SFH’s Tick Up, Condos Down In June

According to the June 2011 S&P/Case-Shiller Home Price Index, single-family home prices in the San Francisco MSA increased a nominal 0.4% from May ’11 to June ’11 but remain down 5.4% year-over-year (YOY), the sixth consecutive month of year-over-year declines and down 38.2% from a peak in May 2006. For the broader 10-City composite (CSXR), Read More »

Going On Four Years Of “Free” Foreclosure Living Over In Noe Valley

Going On Four Years Of “Free” Foreclosure Living Over In Noe Valley

Speaking of kicking the foreclosure can down the road, as we first wrote in May 2008: Described as a “gut check for SF realtors” when it sold on 6/1/2005 (establishing a new Noe Valley neighborhood comp at $1,500,000), 869 Alvarado appears to have been refinanced a few times since closing escrow. And if PropertyShark is Read More »

Another Round Of Reductions (And “New” Listings) At 1299 Bush

Another Round Of Reductions (And “New” Listings) At 1299 Bush

On the MLS for 171 days at $679,000, last month the listing for 1299 Bush Street #303 was withdrawn. This past Friday, however, the Axis two-bedroom was listed anew at an “original” list price of $659,000 and an official “one day” on the market according to industry statistics. While the new listing for #303 now Read More »

Shadow Government Inventory (So To Speak)

“Government-run Fannie Mae, Freddie Mac and the Federal Housing Administration now own about a third of the country’s nearly 800,000 foreclosed properties. With that inventory predicted to grow, they are looking for new ways to cope. In a joint public appeal this month, the agencies invited the public to send in suggestions for managing the Read More »

Apples-To-Apples (And Wood) In The Inner Sunset: 1383 11th Avenue

Apples-To-Apples (And Wood) In The Inner Sunset: 1383 11th Avenue

The new kitchen and half bath at the bottom of the stairs were slotted in to the well kept old Edwardian in the year 2000, shortly after being purchased for $550,000. Six years later, the three-bedroom home traded for $1,000,000 in late 2006. And as a tipster notes, 1383 11th Avenue is now back on Read More »

David Baker’s ZeroCottage Rising

David Baker’s ZeroCottage Rising

The goal, to build the first “Net Zero Energy, LEED Platinum, Green Point Rated, Living Building Challenge Certified, PassivHaus Certified Residence in San Francisco.” The approach, a three story addition designed by David Baker + Partners and dubbed the ZeroCottage to built on the lot behind the existing dwelling at 337 Shotwell, which some might Read More »

The Gutterson Designed Kitchen Was Gutted A Decade Ago

The Gutterson Designed Kitchen Was Gutted A Decade Ago

The Henry Gutterson designed home at 1495 Monterey Boulevard was purchased for $1,200,000 in 2001 at which point its original kitchen was demolished and rebuilt. Soon thereafter, the English Tudor home sold for $1,528,000 in June of 2002. In 2006 a permit to expand up and out was approved but then cancelled in 2009. And Read More »

No New Stimulus For You! (At Least Not This Month)

According to Federal Reserve Chairman Ben Bernanke, although problems still exist (think unemployment and sagging home prices), “the growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years” and the Chairman remains “optimistic” as the U.S. economy grew at a 1 percent pace Read More »

A Forty-Four Percent Hit For 1825 Webster

A Forty-Four Percent Hit For 1825 Webster

As we wrote this past May: Purchased for $1,500,000 in June 2006 with two loans and $225,000 down, a year later a third mortgage for $200,000 was added to the property at 1825 Webster. Taken back by the bank with no bidders at $1,242,890 this past March, the “prime” Lower Pacific Heights single-family home is Read More »

311 Marina Boulevard Sells On The Steps For Half What Was Owed

311 Marina Boulevard Sells On The Steps For Half What Was Owed

A perennial favorite which plugged-in people have been keeping an eye on since we first featured it back in 2006, yesterday 311 Marina Boulevard sold to a third party on San Francisco’s courthouse steps for $1,845,000 cash versus an opening bid of $1,700,000. As plugged-in people know, the prime Marina district home had been purchased Read More »