There's no getting around it, properties in Eureka Valley/Dolores Heights (or the Mission or Castro if you're a traditionalist) are hot, hot, hot right now, and have been selling quickly and for well over asking. Let's take a look at what sold for more than asking in the past seven days.
Location: 4595-4599 18th Street
Listed For: $599,000
Sold For: $830,000
The Deets: This is a 3-unit, mixed-used building. It was marketed to contractors and developers, as the entire property is in dire condition. The first level is retail, the second has two identical 1-bed, 1-bath units. There's two separate garages and a backyard as well. Even the listing says "The property shows significant deferred maintenance and much work will be needed to bring it back to its former glory." All units, including the ground floor retail, are vacant. We're really excited for what's in store for this building. Live in the neighborhood? Please keep your eye out for any posted permits or developments. We'll do the rest.
Location: 232 Dorland Street
Listed For: $610,000
Sold For: $660,000
The Deets: This top floor flat wasn't even on the market for a week before its sale went pending. The 1-bed, 1-bath, 727-square-foot condo is pretty fab, and its close proximity to Dolores Park (block and a half) makes it highly desirable. Low monthly HOA dues ($200) and parking included probably played a big role in its quick sale as well.
Location: 919-921 Guerrero Street, unit A
Listed For: Well, here's where it gets a little tricky. It was first listed in April for $749,000, but then pricechopped to $699,000 later that day. The original asking been could have just been a typo.
Sold For: $725,000
The Deets: This is a 3-bed, 2-bath, 1,420-square-foot, TIC property in a 3-unit building. It was remolded in 2011. "Can't beat the Dolores Park location," reads the listing. Low monthly HOA dues of $280 and 1-car parking in the garage probably factored into its quick sale.