Tag Archives: San Francisco Homes for Sale

New SOMA Release! 2Bed/2Ba Exquisitely Remodeled, 1119SF, $549k-$595k

New SOMA release of 6 stylishly remodeled homes at 181-191 Russ Street. Steps from the best culinary, shopping, arts and recreational destinations in the district. Walking distance to Whole Foods Market, ATT Park, and Draves Park 1/2 block away make this a city dwellers dream location.  Each freshly remodeled spacious two-bedroom two-bathroom home at features hardwood floors, high-efficiency lighting, all new kitchens with stainless appliances, modern bathrooms, large bedrooms and stunning open floor plans with Bay Windows. Storage and In Unit Laundry Room included. Low HOA fee. Asking $549,000-$595,000. Walkscore of 98, Transportation score of 100, Great Biking.

Early OPEN Sunday 1-4:30PM. Call Erika, Showing Agent, for private viewing 415-321-7076, Erika Burke, Top Producer DRE#01386234

www.181Russ.com

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Call to Action! Condo Conversion Lottery ByPass Legislation – Please Help!!

CONDOMINIUM CONVERSION LOTTERY BYPASS LEGISLATION – HELP US and JUST SAY YES!!!!

content_HouseMoneyAt the end of this post find a link to all of the San Francisco City Supervisors, call or email in support of this important legislation to secure their votes and help your fellow homeowners realize their real estate dreams.

The current introduced legislation by Supervisors Mark Farrell and Scott Weiner which would enable tenancy in common owners who qualified for the 2012 condominium lottery to bypass the lottery by paying a per unit fee starting at $4,000 and increasing on a sliding scale basis dependent upon the number of years the building has entered the lottery.  The legislation includes tenant protections which provide any tenants in occupancy will receive lifetime leases. In order for the legislation to pass it will require six votes from the Board of Supervisors. 

 MY STORY: I regularly place new homeowners into TIC’s as an entry level purchase that is affordable in San Francisco. Most cannot afford condominiums, are overqualified for the BMR offerings and MOH programs and hope to convert their TIC to condominium as an equity building perk of their ownership. The current condominium lottery process hinders these property owners from furthering their real estate ownership dreams.

A consensus must occur within a TIC group to persue condominium conversion as well as a % share of cost for the persuit. TIC owners are hard working, middle income earners.  It’s not cheap to own a TIC – when the typical down payment is atleast 20% of the sale price.  When a 2-6 unit conversion can take upwards of 6+ years to convert it dashes hope and stifles the desire for ownership of the TIC, and passes along an arduous process to the next owner.  TIC’s are a frequently transferred type of home, with re-sale typically within 3-5 years, as an owners’ life circumstances, job, finances change.  TIC’s are the most basic purchase of 1st Time Home Buyers that stimulate the real estate sales community to trade-up upon re-sale.

Many of these owners purchase with the idea of living in the home as a “starter home” and also an investment.  Many want to make a 2nd home purchase in San Francisco within a few years, turning the TIC into rental/income housing which adds to the rental stock.  Allowing condo conversion to occur quickly and prudently, further secures the perimeter for these owners to make that transition, and building real estate portfolio health in San Francisco.

Making this small step toward allowing the basic rights and freedom of home owners to improve their asset in San Francisco and stimulate TIC and condominium real estate transfers for move-up purchase and possible use as income property in San Francisco is good for its’ prospective and current TIC owners, the rental market, and just plain good business.

Click, Call or Email with your support as YES! for this important Condo Conversion ByPass Legislation:  http://www.plancsf.org/contact-city-hall/

Thank You, Erika Burke, Realtor, Top Producer 415.321.7076 [email protected]

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The Inside Scoop for 1st Time Home Buyers for a successful San Francisco Home Purchase right NOW!

Young Couple9 Tips for making a successful purchase in the current Sellers Market

As you know inventory in San Francisco is at its lowest mark in more than seven years.  With such a low supply comes steeper competition which can put 1st time homebuyers at a disadvantage.  I like to look at it as an opportunity to be informed and prepared.  (Tips at the end)

Evaluating property and the market.

A Discussion:

With low inventory the first time home buyer may be going up against investors who are also targeting the bargain-priced or lower priced homes that are in the same pool in which you are looking.  Investors and contractors come to the table with buying power, large down payments and/or cash, which can edge you out of the deal.  One strategy is to prepare to compete.

In a Sellers market, a strategy that is often employed by listing agents, are to list the homes for well under the market, in hopes of attracting a large number of offers.  This means each home must be individually evaluated against the market to see if this is the case.  If so, the buyer must be prepared to bring their offer in at the regular market price which can be substantially, sometimes $10k-$100k or more over the inappropriately low asking price.  Just because a price is listed, it does not reflect the market value or the actual final purchase price range.  Conversely, some homes do not require an overbid and your agent will be able to advise you accordingly. Continue reading

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20 Parkridge Dr. #9 – Twin Peaks

Fabulous Downtown Views from this 2 Bed, 1 Ba.  2nd SOLD in this remodeled development of 12 Units. Garage, Deck, Storage, In-Unit Laundry,  Other Units available. SOLD for $519,000

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Twin Peaks Tech Chic 2 Bedroom SOLD for $535k, Only 2 left!

Guess where I’ll be this Sunday?  Happily showing the Memorial Weekend OPEN HOUSE on Sunday from 1-4:30pm at 20 Parkridge Dr. at Burnett off Market Street on Twin Peaks in San Francisco. 

I just SOLD Unit #12 to my ecstatic Buyer for $535,000.   Only 2, Two Bedroom Units are left!  #9 is offered for $519K.  What? Make sure to stop by and soak up these chic and beautiful,  fresh remodels featuring  hardwood floors, recessed lighting, new stainless appliances, parking and storage. 

 Enjoy a Modern | High Tech Open Living, Dining Kitchen Floor Plan filled with light from oversize double pane windows. New Stainless Steel Fridge, dishwasher, range and microwave.  Your two huge bedrooms are on either side of a spa like bathroom and the home features an in-home laundry with new machines. Take in the famous & enormous Downtown and Twin Peaks Panoramic Bay views from your private balcony.

A Few blocks from Molly Stones , Glen Canyon Park and centrally located in the middle of San Francisco for North or South commutes. Set beneath a green median and upon the hillside makes it private and accessible. A tremendous value for the location and comparable units currently on the market. Everyone who has purchased is delighted with their “find”.  Just right for the first time home buyer, student, professional, bachelor or bachelorette or a light and bright pied-a-terre.  Come and See me!

Showing by:  Erika Burke 415.321.7076, [email protected], DRE#01386234

Listing Agent, Vanguard Properties, Jonathan Deason

 

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Forest Knolls and its’ SF Overlook Development

SF Overlook Development, LLC have completed their environmental review with pending planning approval to build a proposed 34 units on the hillside below Crestmont Dr. in San Franciscos’ Forest Knolls neighborhood.

Crestmont Preservation is an organized group of home owners and community members with the common cause of preserving the quiet and peaceful enjoyment that is their right as homeowners.  Their primary concern is the additional 340 person trips, (136-170 car trips…based upon round trips per person for average of 5 residents per 2-3 bedroom unit per day), moving through this quiet, residential neighborhood of narrow, hilly streets along with the increased density this large development will bring to the end of this cul-de-sac, already the city’s longest.

SF Overlook states their 34 unit project is 44% less units than the max allowed by zoning.  The mix of units are two and three bedroom family townhomes and one 11 unit building.  This project will improve hillside stability through water management, new retaining walls and drainage improvements.  They propose to add 51 off-street covered parking spaces and will apply for up to 68 parking spaces Continue reading

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Environmentally-friendly Glen Park

I SOLD this lot with plans and permits included to the developers of this property.  They have completed their build and chose to make it a GREEN build which is so impressive.  This is a cutting edge home of a beautiful design that has been expertly crafted with great attention to detail and concern for the environment.  I am proud to promote a colleagues listing for a GREEN home of this nature.  Call me, Erika Burke, Realtor, GREEN, 415-279-1135, Today for a viewing and to purchase this one of a kind custom, environmentally friendly home.

538 Laidley St., San Francisco, CA
REDUCED! New Construction! FOR SALE!

Listed by John Farnham at Brown & Co. Real Estate, San Francisco, Ca

3BR/3.5BA Single Family House offered at $2,279,000
Year Built 1907
Sq Footage 2,800
Bedrooms 3
Bathrooms 3 full, 2 partial
Floors 4
Parking 2 Car garage
Lot Size 2,495 sqft
                                                                         

DESCRIPTION
New “Green” construction, featured on Discovery Channels Renovation Nation. This custom environmentally-friendly single family home in the heart of Glen Park is set atop a bay view lot. The inviting three bedroom, three and two half bath home is designed for the family that loves to entertain. Situated on four-levels the home boasts a formal dining room with box beam ceiling & French doors, gourmet kitchen, two bonus rooms, a wine cellar and media room. Conveniently located, walk to Glen Park Village and BART.

FEATURES:
• Family room with box beam ceiling, fireplace and 8-foot French doors leading to a beautifully landscaped rear yard with slate patio
• Three spacious bedrooms with custom built-in closets
• Master suite features a sitting area, luxurious spa-like bath with steam shower and Huntington brass fixtures and custom walk-in wardrobe closet
• Formal dining room with barn style doors, box beam ceiling and 8-foot French doors to walk- out balcony
• Chef’s kitchen with custom walnut cabinetry, CaesarStone counters, Bertazzoni gas stove, Viking refrigerator, built-in Thermador coffee center and designer back splash
• Downstairs media room
• Whole house sound system, including amplifiers, speakers & remote control inputs
• Solar hot water system
• Top floor retreat with luxe bath, French doors overlooking landscaped rear yard, skylights and front room with Bay views
• Integrated security system
• Wine cellar
• Custom crown molding throughout
• Reclaimed wood floors with radiant floor heating
• 5000 gallon rain water catchment system for landscaping and toilet use
• Double insulated glass windows
• Hardie fiber cement siding
• Low VOC paints & caulks
• High volume Fly Ash concrete
• Xantrex solar electric
• Laundry center with Washer/Dryer hookups
• Two car parking

Visit www.sfopenhome.com for complete listing of San Francisco open homes

Call Erika burke, Realtor, GREEN at 415-279-1135 to view this propertyTODAY!

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