You are browsing the archive for 2011 January.

Like The Swallows To Capistrano, 830 El Camino Del Mar Returns

January 31, 2011 in Uncategorized

We never get tired of the image. If only we could say the same about the listing. That’s right, like the swallows returning to San Juan Capistrano, 830 El Camino Del Mar has returned to the MLS for the…

12 Auburn Comes Up Short On Nob Hill

January 31, 2011 in Uncategorized

So there’s no deeded parking and Nob Hill, but it is a rather cute little two-bedroom at 12 Auburn that’s just returned to the market after a one-month hiatus, only it’s now listed as a short sale for “$699,000″…

1855 Laguna: Nudged To Market In Lower Pacific Heights

January 31, 2011 in Uncategorized

Purchased for $2,660,000 in April 2006 with 25 percent ($532,000) down but a second added for $182,000 two months later, the fully remodeled Victorian home at 1855 Laguna with a big Viking and Sub-Zero in the kitchen returned to…

Highly Leveraged In 2005 And Now An LPS Flag Flies In Noe

January 31, 2011 in Uncategorized

As we wrote this past October: Purchased in April 2005 for $1,227,000 with 95 percent leverage and 5 percent ($61,400) down, the single-family home at 1688 Dolores was briefly listed this past March for $1,050,000 before being withdrawn. Yesterday…

The Secretive Sale Of 2600 Pacific

January 31, 2011 in Uncategorized

For the past three weeks we’ve been inundated with questions about the recorded sale of 2600 Pacific for $15,500,000 late last year. Or more accurately, a recorded transfer tax of $232,500 in December which translates to said sale price….

There’s Adjacent And Then There’s Adjacent At Planning Today

January 31, 2011 in Uncategorized

With today’s Planning Commission meeting just about to get started, the adjacent neighbor to the east of 226 Cabrillo writes: We’re direct neighbors to the proposed structure, and it’s funny how mention of the neighborhood commission and “neighbor” opposing…

An Estimated 2,500 Units Entering 2011 Condo Conversion Lottery

January 31, 2011 in Uncategorized

With an estimated 2,500 units entering San Francisco’s 2011 condominium conversion lottery (up 15 percent from 2,179 in 2010), just under one in twelve of the units will win one of the two hundred rights to convert versus just over…

2041 Sacramento Sells (For Reals This Time) At 38% Under 2007

January 31, 2011 in Uncategorized

As plugged-in people know, the MLS reported “sale” of 2041 Sacramento for $1,950,000 this past October wasn’t actually a sale but rather the bank foreclosing upon the remodeled top floor Pacific Heights condo back. And not even at that…

11 Offers And 27% Over Asking Yields 9% Under 2001 On Potrero Hill

January 31, 2011 in Uncategorized

With a reported eleven or twelve offers, the sale of 146 Connecticut #3 closed escrow yesterday with a reported contract price of $665,000. While that’s 27 percent “over asking and with multiple offers,” the sale price for the Potrero…

Behind The Sperling’s Shocking "Sale" Of 2323 Hyde For $9,000,000

January 31, 2011 in Uncategorized

A reader perusing Redfin is a bit shocked to come across the reported sale of 2323 Hyde Street for $9,000,000 two weeks ago, a nearly 9,000 square foot Russian Hill home that was listed for $18,700,000 for most of…