During the month of December, two T.I.C. properties sold in the Mission Dolores neighborhood of San Francisco. Both of these properties were three bedroom residences. Details for these transactions are below.
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465 14th Street
Located on 14th Street at Guerrero, this 3BR/1.25BA tenancy in common sold on December 13, 2011 for $605,000. This property was on the market for 29 days before attracting a buyer and going under contract. The sale was finalized 53 days later and sold for $10,000 under its list price of $615,000. This flat is located on the ground floor in a three-unit Edwardian building. Property features include stainless steel appliances, granite countertops, custom cabinets, two decorative fireplaces, a laundry room, and access to a backyard patio. This sale also included the option to lease a nearby garage parking space for $250 per month.
This T.I.C. sold with fractional financing provided by Sterling Bank.
3461 17th Street
Sold on December 19, 2011 for $607,000, this 3BR/1BA T.I.C. is located on 17th Street at Dearborn Street. It was on the market for 108 days before attracting a buyer and going under contract. The sale was finalized 28 days later and sold for $18,000 under its list price of $625,000. This flat is located on the ground floor in a nine-unit Edwardian building. This property was recently renovated down to the studs with new electrical, plumbing and a seismic retrofit. Highlights included stainless steel appliances, hardwood floors, marble in the bathroom, double pane windows, an in unit washer & dryer, and garage parking. Homeowner’s association dues at the property are $295 per month.
The tenancy in common sold with fractional financing.