August 26, 2011
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 now after a nine year apples-to-apples hold, the St. Francis Wood three-bedroom home is back on the market and listed for $1,395,000 (9% below its 2002 purchase price).
∙ Listing: 1495 Monterey Boulevard (3/2) - $1,395,000 [MLS]
First Published: August 26, 2011 10:30 AM
Comments from "Plugged In" Readers
Lovely, price seems like a steal.
Posted by: Mark F. at August 26, 2011 1:17 PM
But it's on such a busy street and it's sort of in a hole. What year do you think they did that black bathroom?
Posted by: SFBuyer at August 26, 2011 1:33 PM
Yes, a busy street. And the bathroom is certainly not done to my taste.
Posted by: Mark F. at August 26, 2011 1:53 PM
I'm not sure exactly when, if ever, that black tile was in style.
Posted by: eddy at August 26, 2011 2:03 PM
Based on how this agent prices his listings, my guess is this sells for 100 to 150 over asking.
Posted by: 94114 at August 26, 2011 2:33 PM
Black tile was a late 1980s thing. Put up some Nagel prints and it all fits together.
Posted by: The Milkshake of Despair at August 26, 2011 3:17 PM
I would not be pleased to have to pay that mortgage plus almost $3K/mo in HOAs.
[Editor's Note: While not clear on the public facing MLS, that's a yearly figure.]
Posted by: Lori at August 26, 2011 3:46 PM
St. Francis Wood HOA dues are paid annually, so that's $3k per year.
Posted by: Tim at August 26, 2011 6:53 PM
Can someone confirm that this is St. Francis Wood and not Balboa Terrace. I know it is inside the gates on Monterey, but there seems to be some confusion about this part of Monterey.
Posted by: RB at August 27, 2011 9:07 AM
According to the Redfin map, it's in Balboa Terrace but the yearly association fee sounds like it's in St. Francis Wood.
Posted by: 94114 at August 27, 2011 1:07 PM
$3K fees to live in a SFH? What do you get for that? I'm honestly curious, I don't know much about SFW.
Posted by: lolcat_94123 at August 27, 2011 1:56 PM
I do not believe it is actually SFW. iirc, it ends at monterey. and it is on the wrong side of monterey at that.
and my hoa dues for this year were $2,100. for that, i get some well maintained green space, a couple fountains and access to a tennis court.
$650/ft² is fully priced for this place.
Posted by: Geo at August 27, 2011 5:13 PM
The agent is claiming this as St. Francis Wood.
Posted by: 94114 at August 29, 2011 7:37 AM
You can check the sidewalk in front. The sidewalks in SFW are lined with red bricks. Balboa Terrace and other nearby neighborhoods, just plane concrete sidewalks.
Posted by: SFBuyer at August 29, 2011 9:53 AM
That's plain above, not plane.
Posted by: SFBuyer at August 29, 2011 9:57 AM
Well, it doesn't have bricks in the sidewalk. It does have a pillar that says St. Francis Wood right on it's eastern Property Line.
I think it's in SFW, but I would gladly not pay the HOA if I bought the place and admit to being out. If I had to pay I would demand my bricks.
Posted by: sparky-b at August 29, 2011 10:11 AM
Are there yearly homeowner dues in Balboa Terrace?
Posted by: 94114 at August 29, 2011 10:20 AM
Looked up this house and a few other SFW homes on Property Shark. The SFW homes are shown as in 04G St. Francis Wood. This one is shown as in 04A Balboa Terrace. Another data point to confuse the issue.
Posted by: rb at August 29, 2011 8:47 PM
I think I can confirm, based on the SF real estate district map, that this is 4A, or Balboa Terrace. The north side of Monterey (across the street) is SFW, the South side is Balboa Terrace. Not that it makes any big difference except that the listing may not be accurate.
Posted by: RB at August 29, 2011 9:01 PM
Actually for once it does make a difference because you shouldn't have to pay SFW HOA if you're not in the hood. What if they won't let you on the tennis court or playground?
Posted by: sparky-b at August 30, 2011 9:09 AM
No, I'm seeing both sides of that four block stretch of Monterey as 4-G per the SFARMLS. How far back in time does that demarcation go, and were things grandfathered? I don't know that answer. Where the overlap occurs/doesn't occur with the St. Francis Wood association is also another question.
Posted by: [anon.ed] at August 30, 2011 9:54 AM
Pre-2002 pricing is pretty typical for passably nice apples out in that part of SF. I bet that when the current sellers bought 1495 Monterey 9 years ago, the realtors sold them on the idea that properties appreciate at "6% per year in San Francisco" or some other nonsense.
Current sellers tried to sell in summer 2007 for $1,850k. A little too greedy back then, and now they've ridden the market down....
Posted by: El Bombero at September 16, 2011 3:39 PM
Cut $50k to $1,345k, now 12% below its sale price more than 9 years ago.
They were sure smoking some powerful hopium when they pulled it off the market in December 2007, thinking the market was going to "come back".
Posted by: El Bombero at October 20, 2011 12:35 PM
This place is now showing contingent after 115 DOM. Not a forced sale, not a condo, not D3 or D10. Should be a good apple if/when it closes.
Posted by: El Bombero at December 19, 2011 11:31 AM
Posted by: SocketSite at February 2, 2012 1:42 PM