The Under $700K club is enjoying an embarrassment of riches today. A brick-clad Eichler in Visitacion Valley went on the block for $689,000 this morning, but it's just one of a scad of almost suspiciously pleasing and affordable (by San Francisco 2016 standards) homes marching onto the market.
Maybe someone wished on a star, or maybe this is some kind of Yin and Yang thing where the housing market's karma is finally equalizing. Whatever the case, here are just a few of today's atypically attainable offerings.
Here's a 740-foot, one-bed condo that squeezes in just under the mark at $699,000. One look at the lavender colored facade of the 1904 Victorian building makes it perfectly clear why. 1373 Grove Street address is less than two blocks away from Alamo Square, where this house could rub shoulders with the most famous Painted Ladies and still look respectable.
The condo itself has preserved some of the old Victorian features, including fireplace and coved ceiling in the living room. The city has no record of this place ever being sold before, because the building was previously a tenancy-in-common property where everything sold in a big lump group. The average NOPA condo sells for $1.2 million.
For a mere $599,000, a SOMA condo on the eighth floor of the Palms (555 Fourth Street) is on offer, a few blocks from China Basin and AT&T Park. At 580 feet it's small but by no means a studio, with Juliet balconies overlooking the garden and a frosted window divider separating the bedroom from the living room. Most SOMA condos go for around $935,000. This one last sold in 2010 for $360,000.
With an even more intensely modern building facade and an even more surprising chop off the usual price, a top floor loft just a block away from the Palms at Cubix (766 Harrison) asks $415,000. That's half off the regular SOMA price, and well more than half what the Yerba Buena area usually charges.
The catch is that it's a micro-unit with only 285 feet. Still, its polished concrete floors, exposed pillars, and aluminum ladders in place of stairs have industrial charm, and that price is rarely attained without the intervention of the Mayor's Office of Housing these days. Last sold in 2008 for $259,000.
Even Lower Pac Heights wants to contribute to the Under $700K Club today. The number two unit at 2646 Post lists for $695,000. It's a one-bed unit in a circa 1927 building with 845 square feet to throw around.
That's $80,000 more than it sold for just two years ago. But since a Lower Pac Heights condo usually goes for approximately $1.25 million these days, the mark up isn't as comparatively drastic.
And like today's other deals, this one is a right beauty, boasting a singular floorplan that includes a long central hallway stretched out like a piece of taffy connecting the front and rear. Sadly, the exterior is painted a series of questionable colors, but a heroic neighborhood tree is doing its best to make sure nobody ever sees them.
- 1373 Grove Street [Redfin]
- 555 4th Street [Redfin]
- 766 Harrison Street [Redfin]
- 2646 Post Street [Redfin]
- Exhaustive Sales Prices Map [Curbed SF]