It was an active week for the flip market in Cow Hollow. This showcased both the fixer opportunity and the finished product within blocks of one another.

2130 FILBERT
Originally built in 1874, 2130 Filbert was purchased in 2008 for $1,300,000. This was a 2 bed/2.5 bath home, 1,500 sq ft (aprx).

Nineteen months later, 2130 Filbert was back at a price of $2,450,000. Having undergone a down-to-the-studs remodel, the developer transformed the home to a green-certified 3 bed/3.5 bath with 2,500 sq ft (aprx) and 2 parking spaces. Because of the historical significance of the home, the planning department would not permit any façade changes or height additions. The square footage was added to the back-side of the top floor, which was not visible from the street.

This home received 3 offers and was under contract in 5 days.

3055 LAGUNA
Two blocks away, a fixer was getting a lot of attention: 3055 Laguna was on the market for the first time in over 50 years. At 1,040 sq ft (aprx), it was being offered at $829,000. Despite the fact that the only open house was during the Blue Angels’ performance, and the only brokers’ tour was during a torrential downpour, an offer date was set with whiplash speed.

3055 Laguna garnered 4 offers, one of which was all cash, and was under contract in 8 days.

3041 LAGUNA: FROM $1.1 M TO $3.7M IN 3 YEARS
Two doors up from 3055 Laguna, 3041 Laguna was purchased for $1,100,000 in November 2005. At that time it was a 2 bed/1 bath stuccoed-over Victorian that was 915 sq ft (aprx).

Three-and-a-half years later it re-emerged as a 5 bed/4.5 bath home with 3,250 sq ft (aprx) and was priced at $3,750,000.

It was under contract within 9 days.

When considering a similar remodel for 3055 Laguna, Mark English, noted San Francisco remodel architect and principal of Mark English Architects, estimated a remodeling cost of $800K-$1M.

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—Andy J. Wang