September 4, 2012
The (366) Liberty Belle Returns
As we first reported two weeks ago with respect to the sale of 740 Church Street, "the buyers are from two blocks away, having purchased 366 Liberty for $2,575,000 in 2009, the sale of which we featured at the time and a property we wouldn't be surprised to soon see returned to the market."
366 Liberty Street has now returned to the market listed for $2,995,000 which shouldn't catch any plugged-in readers (who've had at least an extra week to prepare) by surprise.
As a reader wrote when the property was on the market in 2009:
It's quite an amazing house, very understated (except the price). On a double lot so you have a very large living room and master bedroom off a huge deck that extends to the width of the house. Access to the house is through a very peaceful and private front yard. This is one case where the listing photos do not do justice to this house.
And once again, don't forget about the view(s).
∙ Listing: 366 Liberty Street (3/2.5) - $2,995,000 [apr.com]
∙ The Local Scoop: Behind The Purchase Of 740 Church Street [SocketSite]
∙ The Liberty Belle (366 Liberty) Is Rung Again And By The AIA [SocketSite]
∙ A Ringing Endorsement For A Liberty Belle (366 Liberty) [SocketSite]
First Published: September 4, 2012 9:00 AM
Comments from "Plugged In" Readers
Dear Susan at APR, the flying image of you that comes in from the right side of my browser is terrifying. Also, having images that change when your mouse hovers over the image is a neat feature, especially when they load quickly. Having a long column of images, however, means that I have to scroll down, hover over a picture, scroll back up without accidentally touching anything. In reality, I can only practically view about half the pics. Anyway, congrats on listing. Nice place.
Hope the clients got a good deal on contract.
Posted by: eddy at September 4, 2012 9:18 AM
Wow 16% gain on a two year hold. Not too bad for a market many still believe is weak.
Posted by: NoeValleyJim at September 4, 2012 10:10 AM
NVjim - Check your math, it's actually a 3 year hold. 2009 was the bottom of this area's market, so it's not a surprise that everything's up from that. The hill is very desirable and this stretch of LIberty is the best. Not a lot comes on the market, especially not the double lots facing the city.
Eddy-try redfin or similar, brokers sites always suck for pictures. kind of unbelievable, huh?
Posted by: goodonesf at September 4, 2012 10:59 AM
[Editor’s Note: Keep in mind that sales volume in San Francisco was lower in 2010 versus 2009, and lower still in 2011 versus 2010. And if you’re measuring based on "median" (which you shouldn't) the moving average bottomed in 2011.]
Posted by: sparky*b at September 4, 2012 11:21 AM
Having seen this house in 2009, I can say the listing photos are tragic.
Posted by: rocco at September 4, 2012 11:29 AM
goodonesf - As somebody who works in the web design field, I'm going to have to agree with you regarding real estate websites. Although, I'd say there's a few exceptions - most notably the 740 Church site also linked on this update. I think that agent has the best site I've seen, but does require Flash.
Posted by: Phillip at September 4, 2012 1:07 PM
This is the kind of place that could get me to move from PH. For someone looking to buy in the area, what's the technical definition of Liberty Hill and Dolores Heights? I'd always assumed the entire West and South hills above the park were all considered dolores heights.
Posted by: lolcat_94123 at September 4, 2012 3:57 PM
Sold for 3,090,000.
Posted by: 94114 at September 27, 2012 4:27 PM