June 14, 2008

SF and Daly City: Lotta House for Less than 600K?

Never thought I would see homes in the city for under 600K that weren’t actively falling apart (hard hat required for inspection) or infested with rats or housing 3 protected tenants. Yet this market has brought lower price tags to San Francisco, and some of them seem to be pretty good deals.

In Daly City, where the market has had a more serious impact on housing prices, you can get a lot more house for your money, so I’ve included some of these listings too.

All of them are under 600K, which to the buyer on the fence or the renter waiting for her chance (this writer here, for instance) is good news. Apologies to sellers getting a lot less than they may have hoped, but maybe these newer lower prices will usher in a more realistic median price overall.

Today I am feeling optimistic.

SF: Single Families and Condos

223 Anderson: Bernal 3/1 SFH for $575K

131 Lowell St: Mission 3/2 with extra bedrooms/rental income potential. Multiple price reductions lands this SFH at $475K.

2627 47th Ave: Sunset SFH 2/1 with bonus room, garage: $590K.

36 Blair Terrace: Potrero 2/1 townhome- very strange photos but still, a lively and interesting neighborhood and a garage! $549K.

758 Haight St., #5: Yep, this is a TIC, but it is also a 2 BR/1 bath in a nice Victorian building. Very classic Haight-Ashbury charm, all for 523K and open this Sunday.

2727 Jackson St. #2: Pac Heights 2/1 flat, also a TIC, but I could not resist as I have not seen a 2BR in this hood for less than 600K in years.

This one lists for $599K, which is not much less, but it’s also been on market over 100 days, so make your move accordingly.

Daly City: Single Family Bargains Abound

Actually, I am far from the expert on this. If you really want to check the situation on Daly City, pop over to San Mateo Homesellers in Trouble. Still, here are a few I picked out.

585 Skyline Dr: 4/3 SFH begging a buyer after 100 days on market. Asking $415K.

526 Niantic Ave: This 3/2 SFH hurts a little: asking now $499,900, the home sold for $700K in 2005.

443 Bonnie St.: Another painful hit, here is an attractive 4/2 SFH.

Sold in 2005 for $740K. Now asking $554K. For some reason the cars in the photo strike me as ironical.

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