Alex, Home Buyer in

If I can purchase a completely remodelled 2700 square feet home in outer richmond area close to 34 th Avenue

Asked by Alex, Sun Apr 13, 2008

close to Geary Boulevard, for about 1.3 million dollars; would you consider that a about average price?
It comes out to be about 470 dollars per square foot.

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Answers

3
It does look about "average" but more info would be needed for a "precise" estimate including; How many bedrooms and bathrooms? Is the entire 2700 SqFt "legal" or is any in... say a rear of the garage build out? Does it have a yard and what size (many corner lot homes don't have yards). You said "close" to both Geary and 34th. Does that mean 33rd or does it mean Anza or Clement... each can be very different locations. Does it have extra decks, any views, which direction are most of the windows facing? What year was it built. Was there a death on the property, is it a probate sale, are there tenants? You say "completely remodeled", but some are worth significantly more than others.

We can all confirm that it's "about right" but so can Zillow... but about right can be 10% off which is a lot on a $1.3 million home. For a "precise" answer we agents would need a look at the house and then we'd thoroughly compare all recent sales until we found "true" comparables that sold recently. Contact any of us if you're not already working with an agent.
Web Reference: http://www.SFisHome.com
0 votes Thank Flag Link Mon Apr 14, 2008
Hi Alex,

Kevin is correct in his answer. Your Realtor can easily go on the MLS and check out the square footage of every home listed in the MLS under the Agent-only section of Reports. For the few not listed, your Realtor can go to METROSCAN and get the square footage. Then you will have a true idea of the price per square foot for the past 6 m onths. I would base my price on the past 3 months though as the market has changed and that will give you a truer idea. Please note you should also have an idea of the condition of the properties sold so you can compare them to yours.

You will not be able to do that at http://www.sfarmls.com as "Public." Your Realtor should do this for you prior
to any offer you make. Your Realtor's website should allow you to do this as well. Hope that helps.

Good luck!
Sally
0 votes Thank Flag Link Mon Apr 14, 2008
Hi there -- doing a VERY quick search of Outer Richmond single family homes that have sold in the past 6 months yields a selling price above $500 per sq. foot. However, it is important to keep in mind that the number is skewed because a lot of properties listed in MLS do NOT include the square footage. The number from MLS is based on those properties that have a listed square footage. The price per square foot is helpful in assessing value, but almost not a precise instrument when comparing properties that are either on the market or have recently sold.

I hope this helps!

-- Kevin
0 votes Thank Flag Link Mon Apr 14, 2008
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