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Lone Mountain : Real Estate Advice

  • All7
  • Local Info1
  • Home Buying3
  • Home Selling0
  • Market Conditions0

Activity 9
Wed Oct 30, 2013
Lizete Santos answered:
Hello Suki,

Foreclosures are rather few in far between in SF and when they do come on I've found that investors purchase them right away. There are short sales that come up from time to time so you may have an opportunity in that area.

If you have any other questions feel free to contact me.

... more
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Sat Dec 15, 2012
Seth Swenson, MBA answered:
Lone Mountain is a great and you should know that it is USF town and therefore there are many students during the school year but it can get quiet during school breaks. Having a car is helpful if you are going to live here, although parking can be challenging if you don't have a parking spot.

Thank you,

Seth Swenson, MBA
Broker Associate, Prudential Cal Realty
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Wed Nov 30, 2011
Jmar Gambol answered:
This is college country, with the noise and behavior that entails, although USF is plenty quieter than bigger schools. The apartment block at the corner of Turk and Parker is very dorm-like inside and may not offer a more "adult" living situation. Housing can be expensive, and the neighborhood association is always dealing with the university, its foot and vehicle traffic, and expansion plans. ... more
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Wed Nov 30, 2011
Jmar Gambol answered:
At the edge of the hilltop campus of the private, Jesuit University of San Francisco, the houses and apartments here have beautiful views of the city west to the outer neighborhoods. The sidewalks are wide and clean, lined with trees. The university's soccer field and health center are across Parker, while quaint prewar and Victorian-style homes line Golden Gate Avenue across the street. Golden Gate Park and Ashbury St. are at the southern foot of the hill. Close to St. Mary's Hospital and the commercial strip of Geary Blvd as well. Two bus lines, the 5 and the 31. ... more
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Tue Oct 25, 2011
Trulia asked:
Is this area safe or dangerous? What types of crimes are committed? Are there any intersections or streets that should be avoided?
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Tue Oct 25, 2011
Trulia asked:
Are home prices in Lone Mountain going to appreciate or depreciate? What are the current market conditions for buying or renting?
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Mon Jan 25, 2010
David Tapper answered:
A thumbs up to Lance. Be carefull what you ask for if you are looking to upgrade the records just for the sake of it, or without needing to sell your home.

I believe it would trigger a reasseesment to your taxes. If you are thinking of selling your home, then that would be the time to increase the bed and bath count and also the sq ft to show the actual size of your home for added value.

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Fri Dec 18, 2009
Eric Michael Abrams - California Real Estate Broker answered:

Scott (the agent below) has provided the best answer here, in my opinion.

I agree with everything he's pointed out. It's not a process for the faint of heart and it's best to go, watch and LEARN, rather than experimenting on this home sans real world experience with the process.

In fact, if this home is set for auction, it's unlikely that it will sell at auction for much below fair market value, and you'll probably see it back on the market being listed by a real estate agent as an REO property. At that point, believe it or not, you're going to have quite a bit more luck picking the property up at a discount and you'll be represented by an agent, and be afforded numerous protections that you give up by purchasing the home via the auction process.

In my professional opinion, if you were my client I would advise you to steer clear of purchasing this home via auction. As a friend, I would say the same thing. It appears you really like this home or you'd not have posted your question, but in this situation, try your hardest to see where we're all coming from.

At the very least, if you MUST go to the court steps and participate in the auction, see if you can find someone who will join you, who's been involved in the auction process before. Or, vice versa make an appointment to speak with a real estate professional who has knowledge of the process prior to going to the auction. With that said, keep in mind few agents will, so make sure that whomever you speak with gives you enough information to move forward with so that you're entirely comfortable with the process.

It's not rocket science, and to be quite frank, it's not all that difficult, but we all want what's best for you and for all those we represent or advise here, (at least I do) so I'd recommend going to watch, and learn as your first course of action. Before you know it, you'll be a pro and maybe other properties will come along that will represent even better propositions!

Best regards and happy holidays!
Eric M. Abrams
510.332.6314 Mobile
510.428.1224 Fax
Executive Sales, Leasing, and Investment
California Real Estate Broker
DRE License# 01862927

Highland Partners Prudential
342 Highland Avenue
Piedmont, CA 94611

*Mr. Abrams was the selling agent for the most expensive residential property to close in the history of Oakland, California, breaking the previously held record by a wide margin. Having done so in a distressed real estate climate, makes this feat all the more impressive. Mr. Abrams has also set numerous other real estate records, and has personally represented the most expensive residential listing on the Island of Maui when he listed the private sale of a $120-million estate. As a technology leader in his field, Eric has been able to assist his clients with their real estate needs from thousands of miles away, in locations such as Kenya, East Africa, Bogota, Colombia, Kosovo, and Kazakhstan. While an expert in the field of high-end real estate, Eric maintains an active cliental of first-time home buyers and sellers and treats each one of his clients with professionalism and allots unlimited time to answer all of his client’s questions regardless of their position financially or whether or not they’re actively searching for a home. Mr. Abrams is an expert in finance, was a top-ranked professional road cyclist, and is known by his colleagues and clients to be one of the most approachable and patient real estate brokers in the business. Not to be limited to working in the Bay Area only, Eric routinely assists clients throughout the United States and this year alone has flown to New York, Arizona, Maui, Virginia, and throughout California to assist his clients with their real estate needs. Mr. Abrams can be contacted by phone, e-mail or visited in person at his office, where he is happy to discuss your real estate goals, speak about the market in general, or assist in you and your family in identifying and accomplishing your financial goals as they pertain to your investment in your home or multi-unit commercial building. Having participated in numerous TIC formations and large-scale new construction projects, there are few areas of real estate that Mr. Abrams is not intimately familiar with. Residing in the Bay Area with his wife Andrea and his Dog Berkeley, Mr. Abrams also enjoys running, cycling (although no longer competitively), motorcycling, aviation, hiking, backpacking, and camping. On a personal note: “If I may be of assistance or offer you a second opinion, if you’re already working with a realtor, please feel free to contact me at any time, and have a fantastic holiday season!”
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Tue Dec 15, 2009
JB answered:
If both tandem spots were for the same unit (mine), then I would personally value it almost as much as two separate spots. If you need to put a number on it, then I'd do this: look at what leased indoor parking costs per month in that area, and then calculate how much mortgage that would support. That's the value of one spot. Scale that number according to how much you value having one complete spot and one encumbered spot. ... more
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