Tenancy in Common (T.I.C.) sales in Noe Valley: July 2011

Four T.I.C. properties sold in Noe Valley during the month of July. Details for these transactions are below.

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4399 23rd Street

Located on 23rd at Hoffman, this 1BR/1BA tenancy in common sold on July 22, 2011. It was originally listed at $499,000 and 7 weeks later its price was reduced to $489,000. 42 Days after the price reduction it attracted a buyer and later sold for $475,000. This split-level residence is located in a four-unit building. Features include a garage parking space with extra storage, a washer & dryer, an updated kitchen with high-end stainless steel appliances and granite countertops, re-finished hardwood floors, and a south-facing private deck. Homeowner’s association dues at the property are low at $118 per month.

This T.I.C. sold with fractional financing.


1503 Dolores Street #A

Sold on July 29, 2011 for $599,630, this 2BR/1BA T.I.C. is located on Dolores Street at 28th. It was on the market for 13 days before attracting a buyer and going under contract. The sale was finalized 22 days later and sold for $60,130 over its list price of $539,500. This flat is located on the top floor of a two-unit Victorian building. It features hardwood and tile floors, an updated kitchen with tile countertops, washer & dryer hookups, and access to a shared backyard garden. The sale also included the option to purchase a garage parking space in the building for $30,000.


280 28th Street #2

Located on 28th at Sanchez, this 2BR/1BA tenancy in common sold on July 8, 2011. This property was originally listed at $525,000 and its offering price was later reduced to $499,000. 19 Days after the price reduction it went under contract and ultimately sold for $480,000. This flat is located in a four-unit building. Property features a garage parking space, a washer & dryer, a re-modeled kitchen with marble flooring, new cabinets, stainless steel appliances and granite countertops. Additional features include hardwood floors and access to a shared backyard. H.O.A. dues at the property are $218 per month.

This T.I.C. sold with fractional financing.


367 Fair Oaks Street

Located on tree-lined Fair Oaks Street at 25th, this 2BR/1BA T.I.C. sold on July 8, 2011 for $580,000. This property was on the market for 18 days before attracting a buyer and going under contract. The sale was finalized 36 days later and sold for $18,000 under its list price of $595,000. This flat is located in a two-unit Edwardian building. Features include box beam ceilings in the living room, a fireplace, an eat-in kitchen, in-unit washer & dryer and access to a shared backyard/garden. This sale did not include a parking space.

Homeowner’s association dues at the property are $218 per month.

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