What you get for 629K in SF

[Liberal_in_LA]

Hurray, a home in coveted Noe Valley that falls within median! 469 Valley Street is a 4 bed, 2 bath cottage with nice views. Too bad the view of the house itself looks like this, a view which brings to mind hundreds of thousands of dollars in repair/upgrades/new construction:

Read more: http://www.sfgate.com/cgi-bin/blogs/ontheblock/detail?entry_id=56792#ixzz0f62dsM3e

[rgbecker]

1. Location, Location, Location?

[Liberal_in_LA]

2. Yep. The view (out the back door) looks awesome

[Liberal_in_LA]

3. Oh my... I just got a 2nd heart. THANK U

[LuvNewcastle]

4. I met a bartender the other night

who just moved here from Oakland. I asked him what brought him down this way and he said he could make the same wages and live at half the cost. Can't argue with that.

[KingFlorez]

5. Almost looks like a shack

[Liberal_in_LA]

6. 'til you look closer. It's actually a nice little brick house

[tech9413]

18. That's not brick, it's stone

In either case I wouldn't pay that much for that little no matter how well it's built. If you want to live there and think it's worth the price, have at it!

[omega minimo]

25. It may be brick. It's not gonna be stone in SF

[still_one]

7. Your paying for the land, and I suspect the view, not the house /nt

[Auggie]

8. 200K in improvements and I bet you could flip this for over a million

Noe Valley property is prime real estate

[Warpy]

9. If there are no serious structural problems

$50K might make it barely livable with a certain amount of sweat equity, sheetrock finishing, painting and the like. $100G would make it very nice, and $150G would make it quite a little McMansion.

But yeah, it's a dump. My guess is that anyone who buys it will be buying the land, knock it down, and start over, building something completely out of scale and out of character for the rest of the area.

I'll bet the place was over a million 4 years ago.

[Luminous Animal]

19. Zoning would bar that from happening.

#1 - the neighbors will probably fight to designate the building as "historical". Losing that,
#2 - zoning for new construction mandates that the building be no higher than any other building on the block, and,
#3 - it must maintain a certain percentage of open space, I believe now it is 25% of the lot.
#4 - it probably won't qualify for a garage curb cut-out because San Francisco has a transit first policy.

[MzNov]

10. Such a deal! That's usually just the lot price.

people just tear the "house" down and build a new one.

[kestrel91316]

11. That there is known as a tear-down. The land is worth the purchase price to many with money.

[midnight]

12. Wow that is an expensive market...

[Luminous Animal]

21. That is why San Francisco is 70% renters.

Only 10% of the residents who live here can afford to buy property.

[Starry Messenger]

13. 4 bed, 2 bath?

That's practically a mansion by Bay Area standards for that price. Is that a misprint?

[Luminous Animal]

20. Most likely, the rest of house steps down the hill behind it.

[Clovis Sangrail]

14. it may not be a tear down

the picture from google street view makes it look *way nicer

[flvegan]

15. I'd rather live in a 40' motorcoach towing my Ferrari F430 behind it

in a custom trailer.

Living in a world without property setbacks? No thanks.

[Number23]

16. That ain't nothing

Want a 2-bedroom APARTMENT in Sydney, Australia that looks like it's haunted and has stellar views of parked cars?? $600K


http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106312881&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=82236628&s=nsw&snf=rbs&tm=1265773921

[cherokeeprogressive]

17. Whoa. One reason I'd never live there... among many.

21,000 more dollars before offers/counter offers will get you 3 bd/4.5 bath with 3 car garage and 4500 sq. ft. on a fair size lot where I live in So. Cal.

4 real seasons, 300 days of sunshine per year, and a view of a lake less than a mile away from your house.

That's what I'm talkin' about... living ABOVE the smog at 7000 feet.

(Now, who wants to come shovel my driveway? Two more feet expected tonight!)

http://www.realtor.com/realestateandhomes-detail/743-Menlo_Big-Bear-Lake_CA_92315_1106042484

Forgot the link!

[comrade snarky]

23. It's the neighborhood that makes it expensive

Even by insane SF standards. Noe Valley is extremely popular for some reason. Me? I love the fog so I'm right where I should be.

Here's a house in my neighborhood for 600K. Looks nice, built in 1913 with some original detail, a working fireplace and a 2 car garage. Needs some work of course. :-)

http://www.redfin.com/CA/San-Francisco/622-27th-Ave-94121/home/1979819

[Toasterlad]

22. That Looks Right Out of District 9

[omega minimo]

24. Is it historic? There may be more to the story. The "shack" look and gingerbread at roof apex

are clues.