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Pair of Corona Heights houses ask $2.59 million

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Seller hopes to double money off 2013 remodels

Open Homes Photography for Sotheby’s International Realty

Most people can’t even imagine the feat of buying just one San Francisco house, but for anybody with the means there’s a two-for-one offer this week in Corona Heights.

That’s two homes on one lot, dubbed 2321 15th Street and 2321A, both of them on offer for a combined $2.59-million plus with a combined square footage of 2,635 (1,825 in the front and 810 in back).

Which technically factors out to a price break from the city’s median single-family housing price these days, so apparently it does still pay to buy in bulk.

Realtor Carrie B. Goodman calls the deal “a rare offering of two standalone houses on one lot” and notes that both houses “were recently remodeled” (of course).

Goodman advertises the larger, primary home as “a retro California bungalow with two beds, one full and two half baths, a remodeled kitchen overlooking the garden, a formal dining room, and a vaulted living room with a fireplace, original wood paneling, and a striking open loft.”

Actually that loft space upstairs really is quite intriguing, combining with the vaulted ceiling to create some fascinating geometry.

The second home sits behind the first and separated by the backyard—both are visible via the miracle of Google, for anyone curious about the lay of the land—filling out the somewhat strange, almost blade-shaped lot.

Goodman deems the second place a “cottage,” a two-story setup with an open floor plan and joined at the hip with the other home, “ideal for a family compound, investment property, or for TIC partners,” as the listing puts it. More likely those with the deep pockets for this kind of purchase will have an eye on the short-term rental market these days.

This property last sold in 2012 for $1.1 million, a little bit under asking at the time.

According to the permits from the Department of Building Inspection, the bulk of the remodel happened years ago. In 2013 the rear cottage got an overhaul of “kitchen and bath, new half bath, [and] replacement of all windows” for an estimated cost of $60K, and then a similar treatment came along the front house the same year, including new basement and deck, all for $130K.

A second round of permits came earlier this year, fixing up the facades with new panel work and shingles, and now the final pairing hopes to double its money from seven years ago.