Tuesday, August 26, 2008

This 'Hood's Not Lonely Anymore

The Lone Mountain neighborhood is often overlooked by home buyers because, well, it's sort of in the middle of other, more well-known areas. Bordered by Arguello on the west, Fulton on the south, Masonic on the east and Geary on the north, Lone Mountain is in between the Richmond, Golden Gate Park, and the Panhandle. The neighborhood is largely centered around the USF campus.

There are quite a few properties for sale that I saw on today's broker tour. With such varied homes on the market, I wouldn't be surprised if a few prospective buyers decide to keep Lone Mountain company on a permanent basis.

First up was 2627 Turk, a really lovely, 1930s single-family home that looks directly out onto the USF campus lawn. It has four bedrooms, three bathrooms, two-car parking, and a zero pest report dollar figure. The only issue some might have is the fact that Turk traffic can be pretty busy. But at $1,495,000, you get a lot of house.

Over at 916-918 Anza,you'll find a two-unit building begging to be cosmetically renovated. Both units have a functional 2BR floor plan, and the property has nice park views. This one is in contract, and I'm not surprised. Its $1.3M list price would be great for TIC partners who could could add value by doing a good remodel on the units.

662 Arguello is a cute 2BR/1BA condo with parking. It's been on the market for a bit, probably because it's only about 1,000 square feet and is located on busy Arguello. At $799,000, this price undoubtedly has room to move.

Only on the market a couple of weeks, 143 N. Willard is leading the list price pack at $1.6M for a 4BR, 3.5BA condo on two levels. There are also two decks and independent parking. This unit is more than 2,000 square feet, and is very stylishly done. The building is only a year old. My sense is that $1.6M is a bit high for this property, though. Maybe somebody will come in and pay the price, but if no one has yet, I would guess there is some softness in the list price.

1 comment:

Pam Lambros said...

Who would have thought reading a blog about real estate would be so entertaining. I anxiously await the next posting.