Todd Holloway, Renter in 94114

Would this be a difficult property to resell someday?

Asked by Todd Holloway, 94114 Fri Aug 31, 2012

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It might be difficult to sell only if it's incorrectly priced.

Oggi Kashi
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted. truonly
0 votes Thank Flag Link Fri Aug 31, 2012
Hi Todd:

Great sought after location, panoramic views, and recently remodeled are the best features of this condo. However, it's only has one bedroom and 830 sq feet.

For that price, a 2 bedroom condo can be sold easily - a 1 bedroom, wait for a buyer who truly appreciates the location and views.

Helen Yuen, Land & Property Investment, Inc (415) 469-0577
0 votes Thank Flag Link Fri Aug 31, 2012
This is a sought after area – always has been. Remember, when you buy real estate in San Francisco what you are really buying is an interest over land. You can always reduce whatever house, structure, building to its essential component – land. Although it may be quite difficult to do so logistically here, there's only a finite amount here 7x7. More practically, you can always add value to a place and there's always the utility of living there.
0 votes Thank Flag Link Fri Aug 31, 2012

I don't believe so and here are some of the appealing features for a prospective buyer:
- prime location
- relatively low dues < $450 a month with parking included
- outstanding views
- private terrace
- smaller building w/ 43 units
- very little turnover
- easy transportation options nearby
- restaurants and shops are within blocks
- Alta Plaza park nearby

Web Reference:
0 votes Thank Flag Link Fri Aug 31, 2012
Hi Todd,

This is a great area with a high walking score, close to all amenities. At 830 sq. ft. it is somewhat smaller in comparison to other recently sold properties in the area. The price per sq. ft. seems skewed at 1,186.00, as compared to the average of $741.00
Awesome location though.

Good luck.

kevin cullen
Web Reference:
0 votes Thank Flag Link Fri Aug 31, 2012
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