What does a million dollars buy you these days in San Francisco? A million-dollar luxury home? How about a “contractor special?”
One of my guilty pleasures is reading news reports about luxury homes when they sell, especially sprawling estates. So when I noticed an article about a beach front home in San Francisco I couldn’t resist. This one was more fun than usual, though.
The home was small by luxury standards – 1,832 square feet, four bedrooms and two baths, and is on a relatively small lot of 30 feet by 120 feet. OK, a really small lot. The curb appeal is nice, though. If you’re a Clampett.
The location has some merit, however – it fronts the Great Highway and the Pacific Ocean. So the beach is across the street (well, you have to walk to a cross walk first) and it’s a five-block walk to San Francisco’s Golden Gate Park. Conveniences are mostly within walking distance, and it has off-street parking – a gold mine in San Francisco.
The kitchen is very quaint and is perfectly set up for a chef, with plenty of counter space and a water-repellent floor. Note the glass-faced cabinets to show off your fine china.
This home just sold for $1,210,000, having received multiple offers driving the final sales price up from a listing price of $799,000.
This is San Francisco. There’s not much left under a million dollars, and the location is fantastic. The odds are good that this home will be torn down and replaced with new construction. You missed this one this time, but in about a year you’ll have another shot at buying this great ocean-facing home – for triple the price.
Casey Fleming, Author The Loan Guide: How to Get the Best Possible Mortgage (On Amazon)
Mortgage Advisor, C2 FINANCIAL CORPORATION
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