Radiance @ Mission Bay a good buy since the price decrease?

Jerry
Both Buyer and Seller
Mission Bay, San Fra...

We just moved back to S.F. after living in Texas for 2 years. We own a 2 bd 1 bath condo (2 unit buidling) on18th and Dolores that is rented. I am thinking of selling and rolling my equity into a 3 bd 3 bath condo at Radiance in Mission Bay. Am I crazy, or is Mission Dolores a better property in the long run (10 to 15 years). I need more space.

Answers (3)
Sarah
Home Buyer
Mission Bay, San Fra...

Clearly Radiance is the way to go.
That building is beautiful,
it is part of one of the best neighborhoods in America http://www.mensjournal.com/the-best-nabes-west
you have direct access to the best running/walking waterfront path,
there are delicious restaurants in Mission Bay (Tsunami, etc), the Dogpatch and Potrero Hill,
they are putting in a great new waterfront park with pedestrian streets,
http://sf.curbed.com/archives/2009/01/27/new_nabe_alert_miss…

Fri May 29 2009, 17:42
Tony Abad
Agent
Brentwood, CA

Jerry,

Jason is right. It boils down to your lifestyle. I think if you are looking at a 10 to 15 year time line, you will be fine in either place.

I hope this helps.

Tony Abad
Realty World
925/325-9546
http://www.TonyAbad.com

Thu May 14 2009, 23:15
Jason Chapin
Agent
San Francisco, CA
FIRST ANSWER

Hi Jerry,

The two locations are so different, this is a tough choice. Mission Bay is going to continue to grow and evolve. On the plus side you have the promise of 10,000+ new jobs in stem cell research, biotech and medicine over the coming ten years. All of those people will need a place to live. That location isn't too far outside the part of Soma and South Beach that offer nice restaurants, convenient access to grocery stores and night life et cetera. The waterfront is being developed, too, to become nicer for evening walks.

The downside to that location is that there aren't a lot of residential buildings down there and most of the planned development is commercial. I have a feeling that area will feel more like Emeryville than San Francisco when it's all said and done. It's hard to know yet, but I wouldn't be surprised if the area swells with people by day and then feels a little vacant in the evening and during weekends.

18th and Dolores, on the other hand, is very well established. I think that will be an attractive location for people for decades to come. If you're in a two unit building you probably own a Victorian/Edwardian style unit, which is also really popular. By the way, I am working with several buyers who really love that area and need a 2/1. If you do decide to list, I'd love to take a look...

I think this all boils down to which location will best provide the lifestyle you're seeking. Will more space and being by the waterfront trump the walkability and charm of Mission Dolores?

Interesting question you raise - good luck!

Jason Chapin
415-420-1143

Wed May 13 2009, 16:23

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