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February 2020 – We LOVE – San Francisco Real Estate – NEWSLETTER


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February 25, 2020

The SFResidence Real Estate Review
FEBRUARY 2020

Hello from Janis and Bethany,

Janis and BethanyThe latest market statistics for last month are on our blog for the San Francisco Real Estate sales. The biggest winner continues to be single family homes UNDER $2M though all our categories we track sold (on average) OVER the asking price with the exception of co-ops. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home!

Rent control—friend or foe??  Now California has statewide rent control and the only properties exempt from rent control and eviction control are those built within the past 15 years and yes, that is a rolling date.  So as time goes on so does the inclusion in rent control.  Of course in their infinite wisdom the state has allowed local governments to have stricter rent control measures.  Talk about confusing!!

Even attorneys are having a hard time figuring out what to do.  If you have property in San Francisco and plan to rent it or if it is rented and you want to raise the rent or if you want to move into your own house or condo or unit in a building you would be smart to contact an attorney who specializes in San Francisco Rent Control laws.  But some of the nuances in San Francisco include the fact that if you want to move into your own home you have to PAY your tenants $7,225 each up to a maximum of $21,674 plus a bonus of $4,817 if the tenants have minor children or one is over 60 years old or is disabled. 

So rather than San Francisco (or California in general) encouraging developers and builders to build more housing including “affordable” housing they are making it more difficult and expensive for people to build, expand or rent their property.  Not only is it risky to rent your property it has become exponentially more expensive and time consuming to expand your current home or build multi unit properties in San Francisco.  When it takes years to get plans approved and you cannot depend on the rules to apply to your plans then it becomes too frustrating and expensive to try to build in San Francisco.  It is way past time for San Francisco to streamline the planning and approval process for building properties and build new housing rather than making those who own property pay for their bad management for the past 40 years!!

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If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area!
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From our FAMILY and FRIENDS

 

Our Grand Niece, Scarlett Abinante Our grand niece, Scarlett is certainly making a name for herself on TV. She is getting more and more roles. We are so proud of her!

Check out her page on IMDB.

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SOLD, FEATURED and COMING SOON Compass Listings

CALL OR EMAIL FOR MORE INFORMATION

 

SOLD
111 Chestnut #610 111 Chestnut #610

A special, sunny, SE corner 1 bedroom + den condo at Parc Telegraph. Original owner was meticulous and this unit shows it. The open floor plan living area has views of Coit Tower and the den features a built-in desk, bookshelves and a view of the Bay & Coit Tower. The kitchen has electric range, dishwasher, microwave, disposal, refrigerator, and is open to the living area. The bathroom has a shower over tub and there is an in unit washer and dryer. The bedroom has views of Coit Tower. Parc Telegraph amenities include a gym 24 hour concierge, event room, guest suite and professional management.

Listed for $795,000 SOLD for $808,000

PENDING
468 Filbert #3

460 Filbert #3

Mid century style top floor 1 bedroom unit in a 3 unit building on Telegraph Hill.  Newly converted condo with an open floor plan, great room with hardwood floors, free standing gas fireplace and sliding glass doors leading to a private deck. The remodeled kitchen features custom wood cabinets, Bosch dishwasher, side by side refrigerator with ice maker, gas range and disposal. The large bedroom has City views, generous closets and a desk area is in the hallway. There is a remodeled bath with skylight. City views can be enjoyed from the bedroom and the living room. The huge common area roof deck has expansive views of Coit Tower and the City all the way to the Golden Gate Bridge. There is one car carport parking and a storage room.

Listed for $895,000

COMING SOON
2606 Buchanan 2606 Buchanan

Mid Century top floor remodeled condominium in a 2 unit building.  Open floor plan with a large living/dining room with a wood burning fireplace, opening to a great kitchen with top of the line appliances, 2 bedrooms, 2 baths, hardwood and parquet floors, 2+ exclusive tanden parking, room and ½ bath down.

Listed for $1,595,000

COMING SOON
1703 Gough 1703 Gough

Elegant Italianate Victorian on an extra wide lot with high ceilings, hardwood floors, lovely details & moldings & 3 fireplaces. Grand scale living room has a gas fireplace & adjacent office & opens to the formal dining room. The sunny, remodeled chef’s kitchen w/ breakfast area has honed granite counter tops, 6 burner gas range w/grill & stainless steel appliances. The adjacent family room has a bar & pantry & full bath. Huge French doors lead to a sheltered deck with gas fireplace & a protected garden/play area. Curved staircase with original wainscoating leads to upper level which has 4 bedrooms each with its own remodeled bath. There is a washer&dryer on this level as well as another one in the 2 car garage & a 3rd space in the driveway.

Listed for $3,695,000

PENDING

1 Burnette Ave. N. #1

1 Burnette Ave. N. #1

Positioned high atop the city in Twin Peaks, this contemporary condo boasts one-of-a-kind panoramic views spanning from the Golden Gate Bridge to Golden Gate Park across the city to the downtown skyline and the Bay Bridge. Leave the hustle and bustle at your doorstep and enter into this serene and secluded urban oasis. Situated off the street and down a private driveway, this very unique and partially detached full floor condo has a truly livable floor plan, polished finishes and glorious light. Enjoy these magnificent views from the spacious master bedroom suite, the living room, the open dining room and kitchen as well as the 2 view decks off the master and the living room. The rear of the home consists of an additional full bathroom and another bedroom. Welcome home to this tranquil retreat in the city just moments to the 280 freeway, urban hike trails and the hip shops and restaurants in Cole Valley, the Castro and Noe Valley.

Listed for $1,395,000 Buyer Represented

PENDING

2920 Buchanan #7

2920 Buchanan #7

Location, Location, Location Plus Big Bay Views! Beautiful architect-designed top floor condo in the heart of Cow Hollow. Open floor plan with gourmet kitchen and balcony overlooking Union Street, the Marina and the Bay. Large living area with gas fireplace. The Bedroom overlooks the balcony and includes custom closets. Premium design materials throughout. Building has 9-units and is well maintained with a new roof roof deck, common laundry, deeded storage units and deeded parking. Truly A+ location. This is a special one!

Listed for $1,049,000

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See you next month!

Janis Stone DRE# 00517072
(866) 224-8024 Bethany Patten DRE# 01361512
(415) 235-9077

Compass DRE# 01866771

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