Articles Recently Tagged: Flipping

(42 posts)
Prime Noe Valley Take Two

Prime Noe Valley Take Two

Purchased mid-renovation for $3.8 million in February 2015, the four-bedroom Noe Valley home at 4316 25th Street returned to the market as a finished flip this past September, priced at $4.9 million or roughly $1,284 per square foot for the “fully renovated Victorian gem” on a prime Noe Valley... Read More »

Bernal Home Sells for 24% below Touted Appraisal

Bernal Home Sells for 24% below Touted Appraisal

Purchased for $815,000 in March of 2015, the then 912-square-foot, one-bedroom Bernal Heights house at 519 Nevada Street was taken down to the studs, expanded, remodeled and returned to the market early last year, listed as a contemporary three-bedroom home with 1,636 square feet of remodeled space for $1,550,000.... Read More »

Appraised for $1.8M but No Sale When Listed for $600K Less

Appraised for $1.8M but No Sale When Listed for $600K Less

Purchased as a Bernal Heights fixer for $580,000 in October of 2014, the 912-square-foot, one-bedroom house at 519 Nevada Street was flipped for $815,000 four months later with no improvements save plans for a major expansion. Subsequently taken down to the studs, 519 Nevada Street returned to the market... Read More »

Foreclosed upon Failed Flip Fetches $1.9 Million in Potrero

Foreclosed upon Failed Flip Fetches $1.9 Million in Potrero

Purchased as a sound 1,307-square-foot home for $1.3 million in 2013, and then permitted for a major remodel and expansion by SS Dreambuilders LLC (no relation to SocketSite), the gutted Potrero Hill home at 837 Wisconsin Street was foreclosed upon and sold for $1,945,375 on the courthouse steps in... Read More »

Another Dreambuilders Flip Is about to Flop

Another Dreambuilders Flip Is about to Flop

Purchased for $1.3 million in September 2013, plans for a major renovation and expansion of the Noe Valley home at 639 Grand View Avenue were drawn, permits were requested, and the property was then flipped to “SS Dreambuilders LLC,” a name should sound familiar to those who are plugged-in,... Read More »

The Result of Getting Rid of Tenants and Remodeling in the Mission

The Result of Getting Rid of Tenants and Remodeling in the Mission

The two-unit Mission District building with an unwarranted in-law at 867-869 South Van Ness Avenue was purchased for $1.625 million early last year, with the upper unit occupied by a protected tenant, an elderly couple estimated by a reader to be in their late 60s. Five months later, the... Read More »

Purchased Last Year, Foreclosed upon This Week

Purchased Last Year, Foreclosed upon This Week

Listed for “$800,000” early last year, or roughly $560 per square foot in an area where properties had been selling for around twice as much, it shouldn’t come as too much of a surprise that 48-50 Pond Street in the Castro sold for $1,310,000 and nearly “65 percent over... Read More »

Purchased Last Year, Foreclosed upon Last Week

Purchased Last Year, Foreclosed upon Last Week

Listed for “$699,000” early last year, or roughly $450 per square foot in an area where single-family homes had been selling for 75 percent more, it shouldn’t be too shocking that the “spacious Miraloma Park home with panoramic San Francisco Bay VIEWS ready for renovation!” at 701 Teresita Boulevard... Read More »

From Fabled Flip to Reality

From Fabled Flip to Reality

While we debunked the misreported flip of a two-bedroom Nob Hill condo at 1150 Sacramento Street last year, the unit has since been flipped for real and $515,000 more. Purchased for $1,740,000 a year ago last month, following a family’s 20-year hold, the 1,789-square-foot unit #202 was then renovated... Read More »

A Failed Dreambuilders Flip Returns

A Failed Dreambuilders Flip Returns

Purchased for $1.3 million in 2013 and permitted for a major remodel and expansion by “SS Dreambuilders LLC” (no relation to SocketSite) in 2014, the Potrero Hill home at 837 Wisconsin Street was foreclosed upon and sold for $1,945,375 on the courthouse steps in 2015, a discount of roughly... Read More »