Articles Recently Tagged: Flipping

(35 posts)
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 »

Unfinished Pac Heights Flip Fetches $4.7M

Unfinished Pac Heights Flip Fetches $4.7M

Purchased for $4.1 million in December of 2014 and relisted for $6.5 million the following September along with plans to transform the legal 3-unit building into a contemporary 7,000-square-foot home, “designed to be used as a single family residence,” the sale of 2620 Buchanan Street has closed escrow with... Read More »

Three Months Later and Seeking a Million More

Three Months Later and Seeking a Million More

Listed for $6.995 million last year, the sale of the five-bedroom Pacific Heights home at 2470 Broadway closed escrow with a contract price of $6.5 million three months ago. And today, the home suddenly returned to the market with a $7.488 million price tag. Originally designed by Samuel and... Read More »

Another Big Reduction for an Unfinished Pac Heights Flip

Another Big Reduction for an Unfinished Pac Heights Flip

As we first reported last year when we noticed An Uptick in Listings, and Reductions, for Unfinished Flips in San Francisco, the asking price for the Pacific Heights building at 2620 Buchanan Street, which was purchased for $4.1 million in 2014 and relisted for $6.5 million last September, with... Read More »

Emergency Demolition of a Newly Renovated $2.2M Home

Emergency Demolition of a Newly Renovated $2.2M Home

Flipped for $2.2 million three months ago, an emergency demolition of the “totally renovated” Sherwood Forest home at 256 Casitas Avenue is underway in order to keep it from sliding down the hillside on which it’s perched and crushing the home below. A neighbor first noticed signs of a... Read More »

Following up on a Trio of Unfinished Flips

Following up on a Trio of Unfinished Flips

Purchased for $1.525 million in 2013, plans to expand the Bernal Heights view-home on an oversized lot at 233 Franconia Street by over 60 percent have since been approved and permitted and the home has been gutted. Listed for $1.895 million this past October and reduced to $1.795 million... Read More »