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Unfinished Bernal Flip Settles for $1.59M, Well Below Asking

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When a gutted house at 233 Franconia Street in Bernal Heights hit the market back in October, it was just one of many unfinished flips on the market. It's the first of the group to actually sell, but it settled for significantly below its initial ask of $1.8595 million. The final price was just $1.59 million, only a tad more than the $1.525 million it sold for back in 2013, when it was a fully intact home without the approved expansion plans it has today.

The house was advertised this time around with approved plans to grow to a three-level home with 2,669 square feet, an open plan on the main floor, and floor-to-ceiling glass. Big patios would offer the chance to drink in the sweeping views. That's a big change from its current barn-like aesthetic. We'll keep an eye out to see if the new buyers finish the flip that the first buyer started. If they do, expect to see a much bigger price next time this one goes up for sale.

· Gutted Bernal House With Big Plans Drops Price to $1.795M [Curbed SF]
· 233 Franconia Street [Redfin]