Maximum Overbids

With the Springtime flood of home sales behind us, it sure is a tough time to be a buyer especially for those looking in the Mission and Noe Valley neighborhoods. Over the last 60 days or so the inventory of decent pads for sale has been scant and the competition to buy the limited offerings has been fierce. It’s clear that buyers are rushing to the market to make a purchase before mortgage interest rates move even higher (rates are up roughly 1% in the last two months). Seller’s offering renovated, well located properties with the holy grail of amenities (garage parking, in-unit washer & dryer, and outdoor space) are scoring big time. Want proof? Here’s the details for a few recent pricey condo sales. Take note, all of these were on the market for less that two weeks before going under contract.

If you are looking to sell or purchase a home in the Mission and Noe Valley neighborhoods, we can help. Feel free to contact us or stop by our office at the corner of Dolores & 22nd Streets.

1521 Guerrero Street @ Duncan
1BR/1BA
851 SF
List $499,000
Sold for $705,000 (41% Over List Price)
Sale Closed on August 27th

What the buyer paid up for: Garage parking, small two unit building with sunny south facing exposure, nice renovations, shared backyard garden, and in-unit washer & dryer.

 

47 Dolores Terrace @ 17th
1BR/1BA
867 SF
List $795,000
Sold for $950,000 (20% Over List Price)
Sale Closed on August 28th

What the buyer paid up for: Garage parking, small two unit building, 1 block walk to Dolores Park, shared backyard garden, skylights, gas fireplace, and in-unit washer & dryer.

 

3669 19th Street @ Dolores
2BR/1BA
1,196 SF
List $995,000
Sold for $1,230,000 (23% Over List Price)
Sale Closed on July 30th

What the buyer paid up for: Garage parking, three unit building, 1/2 block walk to Dolores Park, Carrera marble, radiant heat flooring, and in-unit washer & dryer.

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