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FEBRUARY 2021 – Back to business! – San Francisco Real Estate


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February 18, 2021

The SFResidence Real Estate Review
FEBRUARY 2021

Hello from Janis and Bethany,

Janis and BethanyWE’RE BACK.  Our newsletter has been on hiatus but we are back with good news.  No one needs to say that 2020 was a challenging year as everyone has already said it.  But we did have some bright spots the last quarter of 2020 and the beginning of 2021 with demand rising and inventories falling.

The bright spot in the real estate market last year was single family homes with multiple rooms and outdoor spaces for all the different activities that were taking place at home.   Condos that sold well were ones with separate entrances and outdoor spaces.  It was also a fabulous time for first time buyers and investors.  Not only were prices lower than we have seen in quite a while for condos and homes but interest rates were so low that buying power increased to levels we have not seen for over a decade.  However, FEAR was ever present on many levels.  I describe FEAR as False Expectations Appearing Real.  There were some brave, smart people who were secure in the income earning power that were able to take advantage of the situation.  They bought properties and I think will look back on this time as one of the great buying opportunities in San Francisco.

I know that all of you heard of the “migration” out of San Francisco.  We did have many people, especially families accelerate their plans to relocate to either other cities and states or to adjoining counties such as Marin, Napa, Sonoma, Contra Costa, etc but we still have many people who want to stay in San Francisco and are looking forward to the time when we will see the many things we love about the City return.

I had a listing on the Embarcadero in October and November and I was so thrilled to drive along the Embarcadero enjoying the water, blue sky, the Farmer’s Market at the Ferry Building and the diners enjoying outdoor dining.  I remember the many happy memories of Giant’s games at the Ball Park and shopping at the Ferry Building.  People were enjoying running and biking on the waterfront.  None of that is gone forever.  It will return along with all of the other exciting venues and restaurants.  We need to support our City and the neighborhood businesses if we want to speed up the recovery and hang on to the ones we love.

I rarely get on a “soapbox” but I am going to risk it today.  We need to get more law and order in San Francisco.  The crime and lack of a logical system to deal with the homeless problem is going to make recovery very difficult and operate at a snails pace.

How do we do this?  Write, call and talk with your dollars to the policy makers.  Make your voice heard. The Board of Supervisors and the Mayor have to be inundated with complaints from their constituents and those who pay the taxes.  Anyone who owns property in San Francisco should write and call them as many times as possible and tell them that you want change.  I know that some of you own property but don’t live in the City anymore but your tax dollars support the system.  If you pay for parking you support the system.  If you buy anything in the City you are supporting the system and have a voice.  They are going to go broke and have no money to support anything (even their salaries) if they don’t make policies that support small and large business.  Small and large businesses cannot succeed if San Francisco does not make it safe and attractive, especially financially for them to do business.  Their policies have allowed crime to flourish.  One of  the main businesses is tourism.  As we get a vaccine and reach herd immunity tourism will return but not if the people do not think it is safe to visit.  NOW is the time to act if you want San Francisco to return to it’s prior glory.  I want it to return.  I love San Francisco but sometimes that is not enough.  ACTION IS NEEDED.

Thank you for reading this —if you made it to the end.  You will help yourselves and San Francisco if you take action.

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San Francisco Market Update by Patrick Carlisle

San Francisco Information

Patrick Carlisle is a resource we have who compiles data on Real Estate prices, activity and trends.  He also provides great historical data.

Click on the image to go to the shared information.

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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

 

Bethany and Annabelle Christmas 2021
Here is a picture of Bethany and her daughter, Annabelle, at our house Christmas 2020.

Annabelle, who just turned 7 was a great help this year decorating our tree and the house.  She also was very good at decorating cookies.

She is so artistic!

Scarlett Abinante in Animal Kingdon Season 5
And there are stars everywhere in our family!
We are very proud of our grand-niece, Scarlett Abinante who will star in Season 5 of Animal Kingdom airing in 2021!Scarlett is also on GOOD GIRLS and has some movies in the works.She is working so hard to be a great actress.  We are so proud of her.
The Silvers 2020
Mick has finally put together a local live band to play their music in clubs as soon as we are out of quarantine. The Silvers have put together this cute animated video of one of their latest songs, Stand Up which gives a shout out to first responders everywhere!

Mick and Tom Kelley are still writing songs long distance. The live local band includes Steve Farac (guitar, keyboards and vocals), Dain Bedford-Pugh (guitar and vocals) and Carl Upthegrove (drums).

One of their songs, “Keep On Believing” will be featured in a 2021 movie called “Manifest West” which Mel Gibson’s son, Milo, stars in and his son, Louie, directs.

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SOLD, FEATURED and COMING SOON Compass Listings

CALL OR EMAIL FOR MORE INFORMATION

 

PENDING
85 Uranus Terrace

575 Fairmont Ave., Mountain View

Four Bedroom home in fantastic Old Mountain View location – only 2 blocks to Castro Street.  This property features an open floor pan with sliding glass doors leading to a private backyard from both the living room and back bedroom.  Well-maintained home with a renovated kitchen, full pantry, hardwood floors throughout, new furnace & air conditioning, and an attached garage.  Super easy access to shopping, transportation, farmers market and parks.

Listed for $1,675,000

SOLD
85 Uranus Terrace

85 Uranus Terrace

Stunning City and Bay Views!  Private Deck and Garage!  Terraced, Deeded Yard! An indoor/outdoor private sanctuary perched on a quiet block overlooking the city. This condo includes the perfect combination of a huge terraced backyard, private sunny deck, views of the city and bay, and a private garage.     Built in 1908, this condo features period details as well as a flexible two-story floor plan.  The first floor has 2 bedrooms, a full bath and a living room/dining area with big city and bay views views.  Downstairs includes a private home-office and third bedroom leading directly to a private, sunny deck.  You can access the terraced yard from the downstairs.     Centrally located in Corona Heights, you are walking distance to Cole Valley, Buena Vista Park and the Castro and a quick drive to other parts of the city.  The property includes a private garage, hardwood floors, large closets, and in-unit laundry.

Sold for $1,675,000

SOLD
2852-54 Steiner

2852-54 Steiner

Victorian units with high ceilings, hardwood floors, updated kitchens and baths and a flexible floor plan. Both of the units can have 2-3 bedrooms, formal dining room family room and den. Perfect for partners as both units are similar size and floor plan. The large garage has parking for 3+ cars or development potential. A stairway from the upper unit leads to a flat roof with a PANORAMIC BAY and CITY VIEWS. Perfect for a view roof deck or maybe potential for more development. Both units have in unit laundry. No OMI or other evictions so a good candidate for condo conversion. 2852-54 Steiner is a VACANT 2 unit building that has been freshly painted and updated. The new front window of the lower unit is on order as there are new Marvin windows on many of the windows.

Sold for $2,350,000

SOLD
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 tandem parking, room and ½ bath down.

Listed at $1,595,000 SOLD for $1,625,000

SOLD
1703 Gough 1703 Gough

Majestic, modern Victorian featuring 4 bedrooms, 5.5 baths on an extra wide lot w/high ceilings, hardwood floors, lovely details, 3 fireplaces. Grand scale living & dining room has a gas fireplace & an adjacent office & 1/2 bath. The family room w/gas fireplace is adjacent to a large, sunny, chef’s kitchen featuring honed black granite counter tops, 6 burner Wolf range w/grill, pot filler & Sub-Zero. Open to the kitchen is an informal dining room w/ a wine fridge, pantry & a full bath. French doors lead to a sheltered ipe wood deck w/ a gas fireplace & a protected lawn/play area. A gracious curved staircase leads to upper level w/ 4 bedrooms each with its own en suite remodeled bath. A grand master bedroom has 2 closets, a wet bar, mini fridge. The master bath has double sinks, Jacuzzi & stall shower. The middle bath has a steam shower. New washer & dryer on the top floor & in the 2 car gar, 12 in ceiling speakers, alarm system, owned solar complete this unique, amenity filled home.

Listed at $3,195,000 sold for $3,050,000

SOLD

1 Burnette Ave. N. #1

460 Filbert #3

Telegraph Hill mid century style top floor 1 bedroom condo in a 3 unit building with expansive City views. Newly converted condo with an open floor plan, great room with hardwood floors, free standing gas fireplace & sliding glass doors leading to a private deck- great to BBQ. 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 built in office area is in the hallway. There is a remodeled bath with shower over tub and a skylight. City views can be enjoyed from the bedroom & the living room. The huge common area roof deck has expansive views of Coit Tower, the City to the south and west all the way to the Golden Gate Bridge. There is one car carport parking and a private storage room. HOA dues have yet to be determined but will include building insurance, common area PG&E, water,common area maintenance & reserves.

Listed at $895,000 Sold for $1,075,000

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 at $795,000 Sold for $808,000

SOLD

206 Sutter #306

2060 Sutter #306

Near the dynamic Fillmore corridor, this home presents a wonderful floor plan offering spaciousness, comfort & contemporary design. On the coveted courtyard side of building with lush urban outdoor space views. Sizable open main living area w/expansive window, ribbon flame fireplace, solar shades. Dining area w/sliding glass doors to access deck overlooking interior courtyard. Gourmet kitchen opens directly to dining area across an expansive granite counter. Newly renovated front BA has exquisite marble tiled shower stall w/Schicker luxury shower doors, illuminated mirror over sleek elongated sink. Master BD has space for office/sitting area & dual privacy/blackout shades. Extraordinary walk-in closet w/frosted glass barn doors can hold a sizable wardrobe. Master BA w/marble vanity, ample cabinetry, walk-in shower, heated floors. 2ndBD w/dual privacy/blackout shades. In-unit W/D. Superb condo provides sophistication & exceptional comfort centrally located to the best SF has to offer.

Listed at $1,227,000 Sold for $1,227,000 Buyer Represented

SOLD

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 at $1,395,000 Sold for $1,400,000 Buyer Represented

SOLD

85 Uranus Terrace #A

85 Uranus Terrace #A

Step into this peaceful and bright top floor 1+Bedroom, 1 Bath Condo on a coveted Corona Heights block. The spacious living room and kitchen have picture windows with a spectacular view spanning from Downtown to Bernal Heights. You can soak up the sun and the view from your private deck. The well appointed bedroom has a large walk-in closet and 3 adjacent closets in the hallway. The bonus room off the living room makes an excellent home office. Laundry in the unit. This is a special property in an excellent, central location.

Listed at $1,095,000 Sold for $1,075,000

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See you next month!

Janis Stone DRE# 00517072
(415) 987-1845Compass DRE# 01866771

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