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Yesterday marked the 5th anniversary of the war and protesters were out in droves through the city. Today, SF Gate published a profound headline: “Bush says war makes U.S. safer, world better.”

“The battle in Iraq has been longer and harder and more costly than we anticipated,” Bush said in a speech at the Pentagon Wednesday. But he said “the world is better and the United States of America is safer” because of it.

Bush says war makes U.S. safer, world better [SF Gate]
*AFP/Getty Images photo by Jim Watson/ March 19, 2008

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Above is a picture of the former Out of the Closet consignment store. Below is a picture of the same building getting knocked down. Here comes the high-density, multi-use, multi-rate housing project we’ve been waiting for.

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What we believe was once an auto repair garage with two Victorian houses behind has turned into a new real estate development. We’ve been following this project for months and the pictures above show stages of the houses being lifted and the construction starting in front. According to a contractor on site, the building is going to be lofts and the two homes will be restored. There are more pictures that can be found in the stories below.

7th Ave Near Irving [SF Schtuff]
7th Near Irving II [SF Schtuff]

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Mr. is a gentleman’s club in the FiDi that was founded by Standford graduates, Sean and Kumi that offers camaraderie and fraternity in a lounge/barber shop setting to forward-thinking, ambitious men and women who appreciate great hospitality, chic environments and other phenomenal people. Barber shop, lounge and social venue, Mr. has been attracting a diverse clientèle looking for a place to relax, talk and get groomed. The barbershop & lounge will be screening every NCAA game on their 9 plasmas and serving free pizza and wings. Starting Friday, they’re also cutting their initiation fee by half (to $100).

Mr. [website]
*image provided by the Mr. website

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District Map (PDF)

Condominiums
 
District 1 Feb-07 Feb-08
Number of Sales 7 5
Median Selling Price 809,000 990,000
Average DOM 61 50
     
District 2 Feb-07 Feb-08
Number of Sales 7 0
Median Selling Price 675,000  
Average DOM 22  
     
District 3 Feb-07 Feb-08
Number of Sales 2 1
Median Selling Price 417,500 649,000
Average DOM 31 90
     
District 4 Feb-07 Feb-08
Number of Sales 3 6
Median Selling Price 418,000 618,000
Average DOM 55 91
     
District 5 Feb-07 Feb-08
Number of Sales 29 23
Median Selling Price 858,000 789,000
Average DOM 46 39
     
District 6 Feb-07 Feb-08
Number of Sales 14 14
Median Selling Price 752,000 830,500
Average DOM 44 68
     
District 7 Feb-07 Feb-08
Number of Sales 14 17
Median Selling Price 907,000 1,250,000
Average DOM 52 18
     
District 8 Feb-07 Feb-08
Number of Sales 22 24
Median Selling Price 797,500 577,000
Average DOM 53 60
     
District 9 Feb-07 Feb-08
Number of Sales 44 18
Median Selling Price 724,500 682,000
Average DOM 60 73
     
District 10 Feb-07 Feb-08
Number of Sales 5 0
Median Selling Price 565,000  
Average DOM 28  
     

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You may have noticed that posts have not been as plentiful lately here at SF Schtuff; we apologize. Unfortunately, we are forecasting an even slower informative delivery to all our lovely readers for the weeks to come. We do anticipate however that things will pick up again in mid-April with our usual, multi-post per day action. Do you miss us already?

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Our weekly installment, Seductively Sold, will be available for your viewing pleasure each Monday. This little gem will bring you all of the single family home sales in San Francisco from the previous week. If you would like the sales information for Condo’s, TIC’s or multi-unit buildings, just ask

Address district asking price selling price dom
1786 Quesada Ave Bayview $369,000 360,000 95
667 Head St Merced Heights $599,000 570,000 11
272 Guttenberg St Crocker Amazon $628,000 618,000 28
763 Andover St Bernal Heights $699,000 690,000 22
2114 47th Ave Outer Parkside $695,000 705,000 26
2021 Moraga St Central Sunset $759,000 735,000 53
1891 39th Ave Outer Sunset $725,000 762,000 22
3436 Anza St Central Richmond $768,000 770,000 19
272 Hale St Portola $699,000 788,000 40
2550 36th Ave Parkside $898,250 810,000 16
1709 11th Ave Inner Sunset $799,000 810,000 16
423 Teresita Blvd Miraloma Park $825,000 825,000 43
3734 Ulloa St Outer Parkside $872,000 852,000 23
3720 23rd St Noe Valley $799,000 930,000 25
115 Ulloa St Forest Hill Extension $995,000 980,000 35
523 Valley St Noe Valley $1,149,000 1,040,000 34
901 Noriega St Inner Sunset $1,150,000 1,150,000 3
112 Chenery St Glen Park $1,050,000 1,160,000 26
865 Duncan St Noe Valley $1,395,000 1,329,000 55
215 Westgate Dr Mt. Davidson Manor $1,569,000 1,450,000 11
28 Hillpoint Haight Ashbury $1,295,000 1,450,000 11
36 Kittredge Ter Lone Mountain $1,649,000 1,600,000 26
254 Day St Noe Valley $1,779,000 1,770,000 30
19 Delmar St Haight Ashbury $1,795,000 1,940,000 7
549 28th St Noe Valley $2,100,000 2,100,000 98
306 Mullen Ave Bernal Heights $2,295,000 2,150,000 36
2212 Castro St Noe Valley $2,995,000 3,038,000 16
767 Marina Blvd Marina $4,700,000 4,700,000* 54
738 El Camino Del Mar Sea Cliff $5,995,000 5,995,000* 91
         

Ms. Mullen Lives Happily Ever After [SF Schtuff]
*actual sales price not reported

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As always, if you would like a detailed list of any particular ‘hood, just ask.

Ashbury Heights: 1:00-4:00pm
345 Upper Terrace: $1,049,000

Bernal Heights: 2:00-5:00pm
36 Bache Street: $995,000

Corona Heights: 2:00-4:00pm
4131 17th Street: $789,000

Diamond Heights: 2:00-4:00pm
5068 Diamond Heights Blvd. #18: $699,000

Excelsior: 1:00-4:00pm
85 Ina Ct.: $669,000

Forest Hill: 2:00-4:00pm
2165 9th Ave.: $1,595,000

Glen Park: 2:00-5:00pm
2432 Diamond Street: $1,669,000

Haight Ashbury: 12:00-2:00pm
437 Carl Street #J: $529,000

Ingleside Heights: 2:00-4:00PM
8300 Oceanview Ter. #304: $510,000

J (District 9j, Central Waterfront): 1:00-4:00pm
1067 Tennessee Street: $679,000

Read the rest of this entry »

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The long and winding road has led to pure bliss for Ms. Mullen. She has finally found true love.

Schtuff:

  • Asking Price: $2,295,000
  • Selling Price: $2,150,000
  • Beds: 4
  • Baths: 4
  • Days on Market (per the Schtuff clock): 180ish days…

Ms. Mullen [SF Schtuff]
Has Ms. Mullen Found Love? [SF Schtuff]
Love Hurts [SF Schtuff]
306 Mullen Ave. [Home San Francisco]

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The EPA Office of Environmental Health Hazard Assessment tells us it’s now safe to eat bay area mussels that may have been contaminated by the Cosco Bussan oil spill last fall. The EPA did not test for other contaminates not related to the spill. Eat up…

San Francisco mussels safe to eat after oil spill [MercuryNews.com]
The Cleanup… [SF Schtuff]

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Over two years ago we wrote about the uncertainty surrounding the post-war, barrack-style Potrero Annex and Potrero Terrace, Potrero Hill’s dilapidated subsidized housing project. Yesterday, SF Gate reported:

The Housing Authority Commission on Tuesday named Sunnydale in Visitacion Valley, the Potrero Terrace-Potrero Annex complex on Potrero Hill and Westside Courts in the Western Addition as the next developments to be rebuilt using a mix of public and private funds.

The remade projects will include the same number of public housing units they do now, as well as hundreds of new affordable and market-rate rental units and homes for sale to help offset the costs. In all, there will be about 3,000 units in the new neighborhoods.

3 SF public housing areas getting rebuilt [SF Gate]
Potrero Terrace and Potrero Annex [SF Schtuff]

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By Jack Schtuff:

Friends, foodies and fellow winos…

The Wine Enthusiast introduces, “Toast of the Town 2008″, coming to the War Memorial Opera House on March 27th. Many restaurants (Michael Mina & Chez Panisse) and wineries (Fess Parker & Perrier Jouet) will be attending and it looks like it could be a lot of fun. So, get dressed up a little and enjoy your night out…

Schtuff:

  • When: March 27th
  • Where: War Memorial Opera House
  • Tickets: toastofthetown.com or call 800-847-5949

Get Schtuffed!

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A couple units at 888 7th Street–one of David Baker + Partners Architects latest SF works–have hit the MLS.

Schtuff:

  • Unit: #213
  • Price: $399,000
  • Beds: 1
  • Baths: 1
  • Copy: “This junior-one bedroom home features a separate sleeping area and tastefully appointed interiors.”

Read the rest of this entry »

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By E-Manny:

It’s a beautiful, sunny day in SF and if there is no wind and you aren’t standing in the shade, you might almost call the weather perfect. Bliss. You wake up with the feeling that it would be a crime not to enjoy the sunshine and bask in it…..so now what? Well, if you’re hungry and thirsty, here are some starts:

The Ramp: Don’t be scared of the neighborhood which looks like a dump (literally). This little sunny escape sitting right on the dock of the bay in Potrero Hill/Central Waterfront provides an outside patio for drinking, breakfast, and lunch.

Foreign Cinema: A delightful safe haven in the middle of the Mission. A peaceful courtyard surrounded by a white brick walls with ivy patches, you can enjoy their various refreshing champagne concoctions.

Medjool: Also in the Mission. Drinks on the rooftop with a view to kill for. Enough said!

Palmetto: Grab a seat at one of the white-tablecloth sidewalk tables and watch the Marina day-time action on Union Street pass by. A glass of white wine is perfect for this setting.

Red’s Java House: Straightforward diner on the Embarcadero. Wander to the back patio where they serve a full bar. No frills about this place, but the view of the water is calming as is the price of the beers.

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Google Street View was all the rage when first introduced. It freaked some people out and privacy advocates went wild. Wholly smokes has somebody taken it to a new level. Check out MapJack.com, where you can see crystal clear images of the entire city. This service is currently only available for San Francisco, CA and Chaing Mai, Thailand, but it comes in handy if you your lazy ass doesn’t feel like leaving the house to make sure you didn’t park on the street cleaning side of the street (you can read signs!).

MapJack.com [website]

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District Map (PDF)

Single-Family Homes    
     
District 1 Feb-07 Feb-08
Number of Sales 10 11
Median Selling Price 1,325,000 1,300,000
Average DOM 48 46
     
District 2 Feb-07 Feb-08
Number of Sales 35 27
Median Selling Price 825,000 805,000
Average DOM 47 48
     
District 3 Feb-07 Feb-08
Number of Sales 9 7
Median Selling Price 659,900 570,000
Average DOM 49 50



District 4 Feb-07 Feb-08
Number of Sales 25 23
Median Selling Price 825,000 928,000
Average DOM 36 47
     
District 5 Feb-07 Feb-08
Number of Sales 15 17
Median Selling Price 1,315,000 1,500,000
Average DOM 31 31
     
District 6 Feb-07 Feb-08
Number of Sales 2 2
Median Selling Price 2,300,000 2,235,000
Average DOM 73 23
     
District 7 Feb-07 Feb-08
Number of Sales 7 6
Median Selling Price 2,800,000 2,491,250
Average DOM 44 73
     
District 8 Feb-07 Feb-08
Number of Sales 2 3
Median Selling Price 1,375,500 1,500,000
Average DOM 20 72
     
District 9 Feb-07 Feb-08
Number of Sales 13 11
Median Selling Price 820,000 863,280
Average DOM 41 23
     
District 10 Feb-07 Feb-08
Number of Sales 26 29
Median Selling Price 660,000 610,000
Average DOM 50 64
     

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We found this on theFrontSteps.org today and thought our peeps that don’t make it over there would want to watch, listen and boogie.

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Our weekly installment, Seductively Sold, will be available for your viewing pleasure each Monday. This little gem will bring you all of the single family home sales in San Francisco from the previous week. If you would like the sales information for Condo’s, TIC’s or multi-unit buildings, just ask

Address District Asking Price Selling Price DOM
709 Velasco Ave Visitacion Valley $429,900 387,000 72
221 Argonaut Ave Visitacion Valley $379,000 396,112 85
780 Goettingen St Portola $485,000 491,000 25
729 Lakeview Ave Ingleside $499,000 530,000 17
74 Jules Ave Ingleside $579,000 600,000 82
1531 Thomas Ave Bayview $605,000 605,000 134
94 Rudden Ave Mission Terrace $670,000 650,000 51
84 Monterey Blvd Glen Park $699,000 685,000 165
406 Crescent Ave Bernal Heights $649,000 688,000 18
3450 Noriega St Outer Sunset $749,000 750,000 40
621 25th Ave Central Richmond $699,000 755,000 19
19 Gladeview Way Midtown Terrace $795,000 795,000 6
2467 34th Ave Parkside $828,000 828,000 27
19 Clairview Ct Midtown Terrace $795,000 850,000 21
31 Fairfield Way Mt. Davidson Manor $949,000 949,000 33
61 Stanyan St Lone Mountain $1,149,000 1,160,000 19
1560 Shrader St Ashbury Heights $1,099,000 1,265,000 15
2614 26th Ave Parkside $1,295,000 1,295,000 41
32 Carson St Eureka Valley $1,325,000 1,325,000 43
448 Greenwich St Telegraph Hill $1,389,000 1,350,000 42
924 Balboa St Inner Richmond $1,395,000 1,600,000 14
2730 Fulton St Inner Richmond $1,500,000 1,600,200 22
1646 Lyon St Lower Pacific Height $1,849,000 1,775,000 37
35 Yerba Buena Ave St. Francis Wood $1,895,000 1,850,000 27
235 Broderick St Haight Ashbury $2,129,000 2,000,000 33
71 Miguel St Glen Park $2,649,000 2,649,000 6
347-49 Liberty St Eureka Valley $2,950,000 3,330,000 19
1979 8th Ave Forest Hill $2,500,000 2,500,000* 12
4135 23rd St Noe Valley $2,595,000 2,595,000* 48
         

Miguel in Contract [San Francisco Schtuff]
*actual sales price not reported

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Well, that didn’t take long. After 8 days on the market, 752 Carolina Street went into contract. Last week, one of our readers wanted to know if we thought the house would sell at the asking price since this home has the potential of being the highest priced house ever to sell in Potrero Hill. Based on this breaking news, we’re pretty confident it sold for at least the asking price. Who wants to bet that this will be the highest priced home ever to sell in Potrero Hill despite the fact that San Francisco real estate is coming apart at the seams?

Update 3/10: The status is now pending (all contingencies have been removed).   

Marin Feel in Potrero Hill [San Francisco Schtuff]
752 Carolina Street [Home San Francisco]
Gem, Gem, Gem: 752 Carolina Street [Curbed SF]

Listing and pictures by Tower Properties. Agent: Mindy Kershner

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As always, if you would like a detailed list of any particular ‘hood, just ask.

Ashbury Heights: 2:00-4:00pm
144 Delmar Street: $1,079,000

Bernal Heights: 2:00-4:00pm
580 Prentiss Ave.: $695,000

Cow Hollow: 2:00-4:00pm
286 Moulton Street: $1,050,000

Dogpatch: 12:00-5:00pm
900 Minnesota Street #n518: $1,274,438

Excelsior: 1:00-4:00pm
27 Vienna Street: $665,000

Forest Hill: 1:00-4:00pm
2193 9th Ave.: $1,599,000

Glen Park: 2:00-4:00pm
542 Laidley Street: $1,095,000

Haight Ashbury: 2:00-4:00pm
1025 Shrader Street: $1,249,000

Ingleside Terrace: 1:00-4:00PM
65 Urbano Drive: $1,450,000

Jordan Park and other SF neighborhoods [Wikipedia]

Read the rest of this entry »

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From MilkMarch.com:

WE ARE INVITING PEOPLE BACK TO BE IN THE MOVIE ONE LAST TIME and help us re-create Gay Freedom Day 1978 on Sunday Morning, March 9th.

Schtuff:

When: March 9th (time and place to be announced later)
Where: Castro Street and Market Street
Wear: Wardrobe suggestions below:

ENCOURAGED:

  • Blue Jeans for Men and Women: Traditional brands and simple blue coloring preferred: Levi’s, Lee, Wrangler, etc. Tight fitting with straight leg or flare is preferred.
  • Corduroy pants, khakis, other simple pants.
  • Denim Jackets, Army jackets, Trench coats, corduroy jackets, brown and black Leather jackets, suede jackets, wool jackets.
  • Women’s skirts: Knee length, denim, suede; worn with higher leather boots.
  • Tops: Wool or cotton sweaters, Henley shirts, solid sweatshirts, solid T-shirts, flannel shirts in solids and plaids such as Pendelton-style wool tops.
  • Shoes: Canvas sneakers such as converse, leather boots such as Frye, clogs; simple rugged shoes with basic materials such as canvas and leather.
  • Hats: Wool knit hats, newsboy hats, bandannas for longer hair, etc.

DISCOURAGED: Read the rest of this entry »

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By May Montana:

We have word that at least one bank will begin originating FHA (federal housing administration) loans tomorrow to $729,000 in San Francisco up to 97% of the purchase price.

On a purchase it would look like this:

Loan amount Purchase Price Down Payment
$729,750 752,319 3%
$729,750 768,157 5%
$729,750 810,833 10%
     

Schtuff:

  • No FICO score requirements
  • No reserve requirements
  • Does not have to be a First time home buyer
  • All of down payment can be a gift, so 3% does not have to come from the borrower

May Montana [website]
Mortgage Consultant
Guarantee Mortgage
415.694.5513

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By SENSE:

If you (or someone you know) are between the ages of 18 & 25, check out this international essay competition being hosted by the World Bank, the Cities Alliance, and the government of Norway.

According to IDEALIST.ORG (one of my all time favorite websites),

“The year 2007 marked the first time in global history that more people were living in cities than in the countryside. That’s why the World Bank decided to focus this year’s essay contest on urban issues. They are asking: “What can you do to shape the city of your dreams?”

Is San Francisco the city of your dreams? Do you also have ideas about what could make sF even dreamier? Write about it!

Check out the link to the essay contest. If you or someone you know does write an essay about San Francisco, send it to SCHTUFF… we’d love to read it.

Stay Dreamy San Francisco…

International Essay Competition [website]
Put The City of Your Dreams Into Writing [Idealist.org]
Image courtesy of Ohad*’s photostream [flickr]

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From a reader:

The museum is filled with 150 floral arrangements that salute, riff off of or duplicate works of art and sculpture. It’s a visual feast and the museum smells like heaven! They offer seven different lectures on different styles of floral design by an international group of floral designers, as well as afternoon tea, a seated lunch and Hat Day, where visitors wear their best botanical-inspired hats and are judged by four Bay Area hat connoisseurs.

Schtuff:

  • What: Bouquets to Art
  • Where: De Young Museum
  • When:March 11-15 (click here for specific events and program times)
  • Cost: $15 for adults, $12 for seniors, $11 for youths and free to children under 13

Boquets to Art [website]

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By Coach A:

I consider myself to be an expert on the “meatball sando.” I could bore you with why I’m an expert - but that’s not the point.

Top 3 meatball sando’s in San Francisco:

# 3. Connecticut Yankee –17th and Connecticut St in Potrero Hill- aka the Mike Stivich - I suggest getting the sando with fries AND a side of the slaw. Add the slaw to the sando - oh man - it’s good. WARNING - this is a M E A L - don’t expect to run around after this one.

# 2. Mario’s Bohemian Cigar Store Cafe — Union and Columbus Ave in North Beach- aka - “Meatball focaccio” - Formerly ranked # 1 -As a former employee, I’ve served the sando and as the cook there, I’ve made the sando. It’s great and assuming the focaccio is from Liguria’s - you are in for a great sando. Eat at the bar on a sunny day with a cold Anchor Steam. Enjoy!

# 1. Angelina’s Cafe - California and 22nd Ave in the Outer Richmond — So you think meatball and you don’t think Outer Richmond but you should. Pannini style sando that is out of this world. Will leave you wanting a 2nd and while I haven’t downed 2 in one sitting yet, the operative word is YET.

Utah - get me 2! [youtube]

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752carolina.jpg

752 Carolina Street sits atop a bank of bedrock and sprawls over three lots in Potrero Hill. The home is listed at the highest price a single family home has ever sold for in the neighborhood, but for good reason, it’s probably the most unique. The view alone is worth $2m (best I’ve seen from any home in the city–Golden Gate to the Bay Bridge from an amazingly unique vantage point) and the privacy is unrivaled for a city home. The house feels like something out of Marin, but instead, it sits high atop the city. An amazing home worth checking out.

Schtuff:

Price: $3,000,000
5 bedrooms
3.5 bathrooms
3455 square feet
Architect: Jack Byars
Open 3/6 from 5-7pm
Open 3/9 from 1-4pm

752 Carolina Street [Home San Francisco]
Listing and picture by Tower Properties. Agent: Mindy Kershner

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District Map (PDF)

Condominiums  
     
District 1 Jan-07 Jan-08
Number of Sales 5 5
Median Selling Price 690,000 875,000
Average DOM 94 53
     
District 2 Jan-07 Jan-08
Number of Sales 1 2
Median Selling Price 908,000 702,500
Average DOM 101 128
     
District 3 Jan-07 Jan-08
Number of Sales 4 0
Median Selling Price 517,500  
Average DOM 101  
     
District 4 Jan-07 Jan-08
Number of Sales 3 0
Median Selling Price 725,000  
Average DOM 47  
     
District 5 Jan-07 Jan-08
Number of Sales 15 9
Median Selling Price 815,000 875,000
Average DOM 47 61
     
District 6 Jan-07 Jan-08
Number of Sales 11 9
Median Selling Price 800,000 735,000
Average DOM 30 55
     
District 7 Jan-07 Jan-08
Number of Sales 12 9
Median Selling Price 782,000 740,262
Average DOM 47 42
     
District 8 Jan-07 Jan-08
Number of Sales 15 12
Median Selling Price 742,000 537,500
Average DOM 66 58
     
District 9 Jan-07 Jan-08
Number of Sales 31 20
Median Selling Price 837,500 682,000
Average DOM 66 76
     
District 10 Jan-07 Jan-08
Number of Sales 7 2
Median Selling Price 503,925 477,450
Average DOM 58 62
     
Data Provided by SFAR

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We are not sure who created this excellent slide show that demonstrates needy borrowers, unethical lenders and fat-cat bankers, but it’s a funny as shit light-hearted explanation as to how the country got into this credit mess. Bastards.

Subprime Explained [google docs]

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Another Planet Entertainment, Superfly Productions and Starr Hill Presents, in a partnership with the San Francisco Recreation & Park Department, are proud to introduce the Outside Lands Music & Arts Festival. The inaugural multi-faceted, three-day festival will take place in San Francisco’s historic Golden Gate Park August 22- ­24, 2008. Radiohead, Tom Petty and Jack Johnson will headline the event.

Golden Gate Park has been the site of such events as Peter Gabriel’s WOMAD Festival, the Tibetan Freedom Concert, the Guinness Fleadh Festival, Love, Laughter & Music celebrating the lives of Bill Graham, as well as single mega-concerts by the likes of Pearl Jam, Neil Young, and most recently the Dave Matthews Band. Outside Lands, perhaps the most ambitious event in the park’s history, will be the first annual ticketed large-scale multi-stage event in this historic location. A portion of every ticket sold will directly benefit Golden Gate Park.

Another Planet Entertainment [website]
Superfly Presents [website]
Golden Gate Park [website]

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Our weekly installment, Seductively Sold, will be available for your viewing pleasure each Monday. This little gem will bring you all of the single family home sales in San Francisco from the previous week.

Address District Asking $ Selling $
DOM
1638 Yosemite Ave Bayview $499,000 431,000 89
920 Mansell St Portola $598,000 540,000 109
61 Naples St Excelsior $593,000 576,000 82
525 Edinburgh St Excelsior $589,900 600,000 22
2674 45th Ave Outer Parkside $579,000 602,000 34
610 Vienna St Excelsior $595,000 610,000 16
1934 47th Ave Outer Parkside $680,000 620,000 122
451 Ramsell St Merced Heights $650,000 628,000 38
301 Chicago Way Crocker Amazon $699,000 635,000 64
3934 Ortega St Outer Sunset $687,500 680,000 22
1526 Van Dyke Ave Bayview $710,000 710,000 75
10 Sunview Dr Midtown Terrace $748,000 740,000 65
2663 39th Ave Outer Parkside $699,000 750,000 21
1594 46th Ave Outer Sunset $689,000 899,000 39
2023 17th Ave Inner Parkside $899,000 899,000 39
960 Potrero Ave Inner Mission $949,000 917,000 72
1879 26th Ave Central Sunset $1,045,000 1,015,000 24
227 Flood Ave Sunnyside $715,000 1,060,000 24
164 Madrone Ave West Portal $999,000 1,060,000 24
800 Quintara St Inner Parkside $1,185,000 1,140,000 78
110 Hoffman Ave Noe Valley $995,000 1,210,000 28
461 Hoffman Ave Noe Valley $1,250,000 1,250,000 93
834 27th Ave Central Richmond $1,195,000 1,300,000 23
2168 15th St Duboce Triangle $1,499,000 1,500,000 20
261 San Fernando Way Balboa Terrace $1,360,000 1,500,000 3
1915 Oak St Haight Ashbury $1,775,000 1,701,000 40
212 Avila St Marina $2,295,000 2,382,500 13
1915 Pierce St Lower Pacific Height $2,495,000 2,595,000 21
2815 Taraval St Outer Parkside $588,000 560,000 22
2612 California St Pacific Heights $2,600,000 2,600,000* 94
         

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By Coach A:

As always, if you would like a detailed list of any particular ‘hood, just ask.

District 1: Sunday 2-4pm
734 32nd Ave: $1,195,000

District 2: Sunday 1-5pm
2187 25th Ave: $1,186,000

District 3: Sunday 2-4pm
482 Bright St: $548,000

District 4: Sunday 1-4pm
321 Marietta Drive: $1,890,000

Read the rest of this entry »

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By Coach A:

A quick glance at Craigslist today revealed this little gem.

Schtuff:
$380K for a studio - and if one is to believe the photos, the studio must be inside City Hall. It appears you also get hardwood floors and a MUNI car - SWEET DEAL! Approximate HOA Dues, pix of a floor board and no actual unit number. Gotta love it!

988 Fulton Street [craigslist]

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Unexpected and historic treasures (circa 1905) were uncovered on the corner of 25th at Church Street. This stripped building was covered in sea-foam green colored stucco up until a couple weeks ago when this charcoal sign advertising Mr. Fisher’s Rye and Bourbon was found. So cool! After speaking with a contractor on sight, we found out that Anchor Steam Brewery is in talks with the building owner to remove that part of the wall in its entirety so that they can protect it and hang it in their brewery (they distill small batch rye whiskey at the Potero Hill brewery). This building has residential units up top and is currently under a major renovation. What’s going into the commercial space? A full service restaurant!

Building sold in 2001 for $567,500 and looked like this [MLS]

1296 Church Street [MLS]
Anchor Brewing [website]
Old Potrero Single Malt Whiskey [website]

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The historic Red Vic Movie House on Haight Street will play host to four screenings of the new film, UNCOUNTED: The New Math of American Elections, on Sunday, March 2. UNCOUNTED is a feature-length documentary that exposes numerous threats to the core of our democracy - our right to vote.

UNCOUNTED, written, produced, and directed by multiple Emmy award-winner David Earnhardt, examines how the fraud that changed the outcome of the 2004 election led to even greater election fraud in 2006 and now looms as an unbridled threat in 2008. San Francisco has seen the threat to the integrity of the election process first hand having just settled a lawsuit with an electronic voting machine manufacturer. UNCOUNTED addresses the issue of electronic voting as well as other systemic problems that plague our nation’s elections and thus disenfranchise voters - Jim Crow-like voter suppression, voter intimidation, undervoting, provisional balloting, and the the privatization of the election process.

The San Francisco screenings of UNCOUNTED are sponsored by Green 960AM. Additional support comes from Voting Rights Task Force, a group committed to secure, open, and verifiable elections, and Election Defense Alliance, a democratic, participatory organization bringing together election integrity activists from across the country.

Schtuff:

When: Sunday, March 2 2:00 pm, 4:00 pm, 7:15 pm, and 9:30 pm
Where:The Red Vic, 1727 Haight Street, San Francisco, CA 94117.
Extras: Post-film question and answer session featuring the filmmaker, David Earnhardt will follow each screening.

Uncounted [website/trailer]
Red Vic Movie House [website]
Voting Rights Task Force [website]
Election Defense Alliance [website]

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Though it was not easy getting potential buyers through the house, there was plenty of interest in the home that was on the market for 6 days before the 1pm offer deadline today. It’s been such a joy trying to sell this house where the agent demonstrated little interest in showing it to potential buyers because she knew that the grossly under priced home and the 7 day marketing period would cause a major bidding war (despite the doom and gloom news you read every day). Today was offer day and the lovely, face lifted agent was just as much of a pleasure to talk to in person as she was on the phone.

Me: Hi, I’m Garrett, it’s nice to meet you.
Agent: Is the disclosure package signed?
Me: Yes, it is. Are you the listing agent? What is your name?
Agent: I’m ——, the entire disclosure package is in this envelope?
Me: Yes ma’am, it is.
Agent: How did you fit it all in this envelope?

Read the rest of this entry »

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By SENSE:

I live in the Grand Ave./Lake Merritt area in Oakland and I love it. But, sometimes you just gotta get away and take a break from your life.

This weekend I am going to do that, but I’m doing in it in San Francisco. Sound weird…? Between work and other obligations, and a lack of funds, I am unable to take a proper vacation to some remote or exotic location. So… I’m going to go on vacation right across the Bay.

A good friend of mine is coming up from Santa Barbara and he is hooking up a stay at the Four Seasons Hotel on Friday night and he has access to an apartment in the Marina on Saturday.

I am familiar with the Downtown/Tenderloin/SoMa area, where the Four Seasons is located… so I think I got Friday figured out. Some sort of combination of a drink at the Four Seasons Bar when he arrives, a couple drinks at a spot I know he will like, Bourbon & Branch (check this place out if you haven’t yet) and of course we’ll end up at Foley’s (my favorite Irish Pub in the city).

The Marina however, is unchartered territory for me.
Does anyone out there have suggestions for where one can partake in vacation like activities and get appropriately inebriated on the waterfront?

Now I know what some of you might be thinking… why do I want to hang out in the Marina…? Remember… I am going to be on vacation. It might be fun to be a tourist for the weekend.

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District Map (PDF)

District 1 Jan-07 Jan-08
Number of Sales 7 7
Median Selling Price 1,000,000 1,250,000
Average DOM 47 66
     
District 2 Jan-07 Jan-08
Number of Sales 20 21
Median Selling Price 788,000 830,000
Average DOM 54 56
     
District 3 Jan-07 Jan-08
Number of Sales 4 9
Median Selling Price 774,500 960,000
Average DOM 58 60
     
District 4 Jan-07 Jan-08
Number of Sales 27 11
Median Selling Price 871,000 1,155,000
Average DOM 57 56
     
District 5 Jan-07 Jan-08
Number of Sales 13 17
Median Selling Price 1,180,000 1,530,000
Average DOM 66 48
     
District 6 Jan-07 Jan-08
Number of Sales 2 3
Median Selling Price 1,250,000 2,050,000
Average DOM 111 60
     
District 7 Jan-07 Jan-08
Number of Sales 7 9
Median Selling Price 2,647,500 3,350,000
Average DOM 63 38
     
District 8 Jan-07 Jan-08
Number of Sales 2 0
Median Selling Price 1,241,500  
Average DOM 43  
     
District 9 Jan-07 Jan-08
Number of Sales 13 10
Median Selling Price 1,025,000 792,500
Average DOM 41 45
     
District 10 Jan-07 Jan-08
Number of Sales 48 20
Median Selling Price 676,500 561,500
Average DOM 66 100
     

Data Provided by SFAR

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By SENSE:

ATTENTION SAN FRANCISCO COFFEE DRINKERS!!!

Today at 5:30 p.m. every single last Starbucks Coffee on every single last street corner in San Francisco and throughout the country will close for 3.5 hours.

So why not take advantage of this temporary closing and try somewhere new? Here are some alternative coffee places that will get you your fix and will do so while you support a local, independent business:

Blue Bottle Coffee
Ritual Coffee Roasters
Martha & Bros. Coffee Company
Progressive Grounds

If you can’t bring yourself to go to one of these “mom & pop” joints, and still need that brand name… then may I suggest Peet’s. I happen to think Peet’s coffee is way better than Starbucks anyways and their baked goods are fresher and tastier.

All Starbucks Closing Today at 5:30 [Portland Business Journal]

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By Jack Schtuff:

With winter nearly over, I thought it might be a good idea to get you ready for the Schpring - on Schtuff.

Underschtanding that many Schtuff-ers could live outschide the schity, this will help you find the moscht convenient market for your cshircumschtancshes. Click here for schomething schpecshific to get a review on a market. Lascht, vischit here for a great SF gift idea.

Farmers’ Markets [SF Gate]
San Francisco Farmers Market [Yelp]
Farmers Market Cookbook [Chronicle Books]

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Home sales are slowing and prices are softening. In additioan to the doom and gloom, real estate agents are often compared to car salespeople and are called lazy, sleazy and unethical. The bad news is, those are true statements for many in the industry. The good news is, there is a new generation of agents. Below is a brief phone conversation I had (the new generation) between me and a lovely agent (the old school fool) this morning.

  • Me: Good morning. I have clients that are interested in your listing. I noticed you’ve been on the market for 4 days and are already taking offers on Thursday. Can I set up a time for us to see it together on Tuesday or Wednesday evening?
  • Agent: No.
  • Me: Ok, is there a better time for you? My clients work during the day and would like to come by after work before offers are due. They mentioned it was very crowded over the weekend and they’d like to get a second look without so many people in the house.
  • Agent: We are open on Tuesday afternoon for 1.5 hours and we were open all weekend long. I don’t want to waste my time showing you this house, do you know if your clients will even like it?
  • Me: Yes, they saw the house over the weekend and would like to see it again because they think they like it.
  • Agent: Why do they want to see it again? We had 300 people here over the weekend and I’m expecting many offers.
  • Me: That’s exactly why they would like to see it again. They are first time buyers and wouldn’t mind seeing the house for another 15 minutes, alone, before they put an offer in to purchase the place.
  • Read the rest of this entry »

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Our weekly installment, Seductively Sold, will be available for your viewing pleasure each Monday. This little gem will bring you all of the single family home sales in San Francisco from the previous week.

Address District Asking Price Selling Price DOM
1368 Goettingen St Visitacion Valley 530,000 505,000 62
2523 46th Ave Outer Parkside 599,000 594,000 14
2190 43rd Ave Outer Parkside 650,000 630,000 175
35 Nibbi Ct Bayview Heights 659,000 659,000 31
156 Shawnee Ave Outer Mission 699,000 715,000 20
1618 Great Highway Outer Sunset 720,000 720,000 14
2354 45th Ave Outer Parkside 749,000 727,000 83
166 Marietta Dr Miraloma Park 699,000 735,000 23
50 South Hill Blvd Crocker Amazon 770,000 770,000 96
816 Faxon Ave Westwood Park 809,000 788,000 18
439 Clipper St Noe Valley 699,000 850,000 8
1278 23rd Ave Central Sunset 949,000 920,000 64
301 Christopher Dr Forest Knolls 949,000 928,000 132
Lone Mountain* 950,000* 950,000* 31*
33 Nebraska St Bernal Heights 949,000 1,075,000 14
28 Harris Cow Hollow 1,199,000 1,080,000 75
2722 15th Ave West Portal 1,299,000 1,403,800 7
1212 Arguello Blvd Inner Sunset 1,650,000 1,650,000 19
68 Uranus Terrace Corona Heights 1,695,000 2,000,000 8
444 Roosevelt Way Corona Heights 1,995,000 2,100,000 15
219 4th Ave Inner Richmond 2,075,000 2,175,000 28
2550 Greenwich St Cow Hollow 2,950,000 2,850,000 39
         
       

*Investor Alley III [San Francisco Schtuff]

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Poor 306 Mullen Ave. She’s single and back on the market, again. Take it from us Ms. Mullen, it’s going to be alright, there are many more fish in the sea…

Listing Schtuff:

  • 2004: Empty lot sells for $365,000
  • 2005: Empty lot with approved plans is listed for $699K; expires
  • 2006: Empty lot with approved plans is listed for $689K; withdrawn
  • 2007: Developed lot is listed for $2,295,000, on market for 76 days; withdrawn
  • 2008: Developed lot is listed for $2,295,000, on market for 17 days; offer accepted
  • 2008: Deal falls apart, Ms. Mullen is back on the market for $2,295,000

    Ms. Mullen [San Francisco Schtuff]
    Has Ms. Mullen Found Love? [San Francisco Schtuff]
    306 Mullen Ave. [Home San Francisco]

    Listed By: Vanguard Properties; Agent: Amanda Jones and Misha Breyburg

    make a comment

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    As always, if you would like a detailed list of any particular ‘hood, just ask.

    All you need is love [Youtube]

    Bernal Heights: 1:00-4:00pm
    340 Prentiss Street: $1,059,000

    Cow Hollow: 2:00-4:00pm
    2347 Union Street #4: $749,500

    Dolores Heights: 1:00-4:00pm
    347-49 Liberty Street:$2,950,000

    Excelsior: 2:00-4:00pm
    271 Moscow Street: $549,000

    Forest Knolls: 2:00-4:00pm
    270 Castenada: $3,890,000

    Glen Park: 2:00-4:00pm
    73 Miguel Street: $2,875,000

    Haight Ashbury: 2:00-4:00pm
    19 Delmar Street: $1,795,000

    Read the rest of this entry »

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    Lock up the dogs, keep an eye on the kids and for god sakes, don’t turn your head for too long because the snakes are coming! According to the San Francisco Chronicle, the 250 pound Burmese Python is on its way to the Bay Area. At the current pace it is traveling, it will be here in just 12.5 years! How is this front page news? Let me get this straight, some irresponsible pet owners released their snakes into the Florida wild and the U.S. Geological Survey team stated that the Bay Area has a good climate for the beaver eating reptiles and that they are headed west at a pace of 20 miles per month–this story made the cover of our beloved cities’ newspaper? Surely there must have been something else going on in the world?

    “It would be exceptional for one animal to be that unidirectional in its movement, but it’s mathematically possible.” The snake’s cross-country crawl would be made easier by the large population of beavers along the way. “Beavers would be a very tasty treat for them.” “No beaver would be safe from a python.”

    Python Schtuff:

    • Size: They can grow to 250 pounds and stretch over 23 feet.
    • Popular pets: They’re often released into the wild by irresponsible owners.
    • Lifestyle: When young, the pythons spend much of their time in trees. In adulthood, their weight makes tree-climbing too difficult.
    • Food: They survive on small mammals and birds but have been known to eat deer and alligators.
    • Eggs: They lay up to 100 at a time.

    New Threat To Our Way Of Life: giant pythons [SF Gate]
    Image provided by joe-ks.com

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    By SENSE:

    One Man’s Trash…

    …is another man’s business?

    Mike Sugarman of CBS 5 San Francisco reported yesterday that San Francisco’s Conservation Core is looking through residents’ garbage to inspect if they are recycling properly. Currently, there are no fines for finding recyclable waste in trash bins (and not the blue recycling bins), but it may eventually come to that. For now, residents simply receive notices or “Friendly Reminders.”

    According to Sugarman, “this is all part of San Francisco’s efforts to recycle 75% of its waste by 2010.”

    This investigation of people’s trash appears to be a new policy.

    Is this good green governing… or people’s privacy rights being thrown out?

    SF ‘Garbage Cops’ May Be Digging In Your Trash [CBS 5.com]
    image courtesy viewimages.com

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    Winner Alert! As you may remember from our post last December, Community Action Marin was raffling away cash prizes and a dream house where the proceeds from the raffle benefit Community Action Marin in its continued efforts to meet the needs of the poor and disadvantaged people in Marin County. Winners were announced. Congratulations!

    Dream House Give Away [San Francisco Schtuff]
    Dream House Raffle Prize Winners! [website]
    Community Action Marin [website]
    House Photos [Dream House Raffle]

    image courtesy of Dream House Giveaway via Community Action Marin

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    Safe2Pee.org is a resource for people who do not feel comfortable with traditional public restrooms to help find safe alternatives and to support advocacy and research to further the cause of gender free, inclusive bathrooms. The service aims to be accessible from a variety of mediums. This project was put together by and is often maintained by a genderqueer hackers collective with a sense of humor and some anarchist tendencies.

    Violence, harassment and discrimination are faced by gender variant, differently-abled, and some traditionally genedered (but not very stereotypical) people in public restroom every day. While many people take for granted the ability to use a toilet, others constantly fear being questioned, arrested or denied access, often by state sanctioned agents such as police.

    This project is exclusively available in North America, but they have plans to become more robust. San Francisco seems to have the most data available and can be easily mapped, fed (RSS) or manipulated (csv).

    safe2pee.org [website]
    safe2pee.org [blog]
    safe2pee.org [resource page]
    safe2pee.org [san francisco map]

    image provided courtesy of safe2pee.org zine

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    By Jack Schtuff:

    The counter point to our post, Yes We Can is No You Can’t (video above) and John.he.is [youtube].

    We’re used to seeing Christian voters support Republicans. The SF Business Times reports that a Dallas website shows McCain way behind his competition for the Christian vote. This may be because of McCain’s wavering view of abortion.

    I think he is going down! What do you think?

    Yes We Can [San Francisco Schtuff]
    No you Can’t [YouTube]
    John.he.is [YoTube]

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    Our weekly installment, Seductively Sold will be available for your viewing pleasure each and every Monday. This little gem will bring you all of the home sales in San Francisco from the previous week.

    Address District Asking Price Selling Price D.O.M
    337 Louisburg St Ingleside 499,900 505,000 19
    306 Louisburg St Ingleside 589,000 570,000 50
    63 Ledyard St Silver Terrace 649,000 635,000 106
    56 Farview Ct Midtown Terrace 679,000 661,500 5
    918 Olmstead St Portola 729,000 730,000 21
    3525 Ortega St Outer Sunset 699,000 735,000 9
    2001 Noriega St Central Sunset 729,000 735,000 28
    107 Monticello St Merced Heights 740,000 737,000 135
    731 44th Ave Outer Richmond 699,000 755,000 18
    248 Elsie St Bernal Heights 695,000 780,000 14
    281 Richland Ave Bernal Heights 699,000 785,000 14
    1454 38th Ave Outer Sunset 749,000 832,000 21
    504 Ellsworth St Bernal Heights 869,000 925,000 10
    184 Amber Dr Diamond Heights 899,000 1,000,000 15
    62 Newburg St Noe Valley 889,000 1,090,000 20
    2009 14th Ave Golden Gate Heights 1,250,000 1,190,000 109
    806 Douglass St Noe Valley 1,550,000 1,500,000 19
    412 Lombard St Telegraph Hill 1,595,000 1,500,000 0
    3859 C. Chavez St Noe Valley 1,695,000 1,790,500 26
    122 Edgewood Ave Ashbury Heights 1,995,000 2,012,120 0
    4400 24th St Noe Valley 1,999,000 2,100,000 82
    231 8th Ave Inner Richmond 2,175,000 2,230,000 4
    2724 Lyon St Cow Hollow 4,495,000 4,400,000 112
    190 San Pablo Ave St. Francis Wood 3,650,000 3,650,000* 102
           

    Subscribe and get this info delivered to your inbox each week.

    Make a comment 

    openhouse1.jpg

    As always, if you would like a detailed list of any particular ‘hood, just ask.

    Ashbury Heights: 2:00-5:00pm
    857 Ashbury Street: $2,950,000

    Bernal Heights: 1:00-4:30pm
    17 Precita Ave.:$649,000

    Cow Hallow: 2:00-4:00pm
    2243 Greenwich Street: $2,200,000

    Dolores Heights: 12:00-4:00pm
    340 Sanchez Street: $825,000

    Excelsior: 2:00-4:00pm
    955 Excelsior Ave: $988,800

    Forest Knolls: 1:00-4:00pm
    370 Castenada Ave.: $1,899,000

    Glen Park: 2:00-4:00pm
    195 Randall Street: $629,000

    Haight Ashbury: 1:00-4:00pm
    1907 Page Street $925,000

    Ingleside: 2:00-4:00PM
    121 Louisburg: $539,000

    J (in district 3, Oceanview) 1:00-3:00
    258 Minerva Street: $780,000

    Read the rest of this entry »

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    By Farrah:

    Grand Lake (Oakland) vs. Noe Valley (San Francisco)

    These hoods are cute, convenient and family-friendly. Let’s see what happens when they go head to head in a good old fashioned grudge-match…

    Results:
    Meeting hottie at local bar: Grand Lake
    Getting around: Noe Valley
    Kid friendliness: Grand Lake
    Cool stuff to do: TIE
    Likelihood that your neighbors aren’t just like you: Grand Lake
    Necessary Stuff: Grand Lake
    Price: Grand Lake

    Meeting at hottie at the local bar: Grand Lake

    Don’t people move to Noe Valley when they’re boo’ed up? When I moved in with my boo, we moved to Noe and didn’t go out to bars. Oh yeah, I guess I did pass a bar called Bliss on my way to the grocery store from time to time. Does anyone really go there?

    Grand Lake has tons of bars. If you like cat daddies you can go to the Serenader. Hip young professionals can be found at Easy or Vine Wine Bar. Unprentious, dive-loving hipsters go to the Alley or Smitty’s. Lesbians (one Wednesday a month) and everybody else goes to Lucky’s.

    Read the rest of this entry »

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    Excuse the horrendous picture, but the note reads:

    “To provide the best health care for our employees a 4% health care initiative surcharge is included thank you for dining with us.”

    This informative tidbit was included at the bottom of the bill at the new Waterbar restaurant on the Embarcadero. Fascinating! We are all for quality health care here at SF Schtuff and we understand that the cost of obtaining such health care is astronomical, but is the 4% tacked on charge the best way to suck your customers dry pass along the cost from the employees to the customers? Waterbar is not the cheapest restaurant in the city, if they added the 4% to each item before the bill (and reflected this in their prices) and didn’t charge the 4% after you have enjoyed your sea-meats and got a little liquored up, it would be less of a surprise. Perhaps instead, the note could read:

    “To provide the best health care for our employees a 4% health care initiative surcharge was included in the price of all items.”

    It was something new for us. Have any of you seen this before?

    Inside Sneak Peak [Eater SF]

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    By Jack Schtuff:

    Is anyone else excited about getting a new administration to lead this country? Hillary won in California, but Obama is celebrating a lead overall. I’m just happy that both Democratic candidates can speak with complete sentences.

    The Schtuff Publisher shot down a political post idea about a month ago, but Obama SF is perfect for Schtuff.

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    The larger units at The Greenwich are quite nice, boasting all sorts of amenities and views. One thing that made near no sense to me however was the fireplaces at chest level, in the unit pictured above, at chest level adjacent to the door–what is that?

    Schtuff:

    • 29 Units (first offers are being accepted tomorrow 2/13/08)
    • Price range: $589,000-$2,295,000
    • HOA dues: $399-$507
    • Too many finishes and amenities to list

    Contact me for further information

    The Greenwich [website]
    Listing by: Shamrock Real Estate Co.

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    About a month ago we shared the fairy tale of Ms. Mullen. We now have word that the lonely, yet contemporary and sexy vixen may have finally found love. The relationship is early (active contingent), but perhaps the passion will get hotter. We’ll keep you posted with any further updates, love triangles and of course, the final price.

    Ms. Mullen [San Francisco Schtuff]
    306 Mullen Ave. [Home San Francisco]

    Listing and images provided courtesy of the MLS and Vanguard Properties
    Agent: Amanda Jones and Misha Breyburg

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    Our new weekly installment, Seductively Sold will be available for your viewing pleasure each and every Monday. This little gem will bring you all of the home sales in San Francisco from the previous week.

    Single Family Home sales 2/3/08-2/10/08

    Address District Asking Price Selling Price D.O.M.
    141 Terrace Dr St. Francis Wood $2,180,000 2,360,000 14
    124 San Aleso Ave Balboa Terrace $1,950,000 $2,100,000 2
    246 28th Ave Sea Cliff $1,825,000 1,790,000 91
    287 Brentwood Ave Monterey Heights $1,475,000 $1,475,000 42
    615 16th Ave Central Richmond $1,150,000 1,166,000 50
    530 Rockdale Dr Miraloma Park $839,000 845,050 19
    1447 24th Ave Central Sunset $750,000 805,000 13
    542 Hearst Ave Sunnyside $690,000 $690,000 98
    590 Lisbon Excelsior $689,000 $690,000 131
    447 Elmira St Silver Terrace $474,000 $620,000 9
    26 Pasadena St Visitacion Valley $429,900 $415,000 8



    Subscribe and get this info delivered to your inbox each week.

    openhousefeb.jpg

    As always, if you would like a detailed list of any particular ‘hood, just ask.

    Ashbury Heights: 2:00-4:00pm
    1051 Ashbury Street: $1,675,000

    Bernal Heights: 2:00-4:00pm
    763 Andover Street: $699,000

    Corona Heights: 2:00-4:00pm
    7388 16th Street: $975,000

    Dolores Heights: 1:00-4:00pm
    4654 18th Street: $1,835,000

    Excelsior: 2:00-4:00pm
    325 Peru Ave: $519,000

    Financial District: 2:00-4:00pm
    690 Market Street #1502: $$1,729,000

    Glen Park: 2:00-4:00pm
    112 Chenery Street: $1,050,000

    Haight Ashbury: 1:00-4:00pm
    253 Carl Street: $1,098,000

    Ingleside: 1:30-4:00PM
    221 Faxon Ave.: $989,000

    Just another post from our “top producer”

    Read the rest of this entry »

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    The number of households in foreclosure who lost their home soared in 2007 to about 405,000 households.

    This number might sound alarming, but a little perspective is in order :

    • Foreclosures were lower prior to last year, which causes the numbers to appear to be soaring only when looked at purely in terms of percentage gains.
    • RealtyTrac reports defaults on loans, not on properties, so one household that defaults on a primary loan and an equity line will be counted as two defaults, even though both loans were for the same house. This could artificially inflate foreclosure statistics.
    • A foreclosure filing includes default notices, auction sale notices and bank repossessions. One home may fall into each of these categories as it moves through the long foreclosure process. RealtyTrac counts each step along the way separately. This also skews foreclosure statistics.
    • The overwhelming majority of homes are not in danger of foreclosure. If slightly more than 1 percent of U.S. homes were in some stage of foreclosure last year, then 99 percent of homes were not. Although some of the hardest hit communities with high concentrations of defaults are suffering, those communities do not reflect California overall.

    Foreclosures up 75% in 2007 [CNNMoney]

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    From Bloomberg.com:

    Fannie Mae and Freddie Mac, the government-sponsored mortgage finance companies, will be allowed to buy loans worth as much as $729,750 for loans made between July 31, 2007 and Dec. 31, 2008, an increase over the current $417,000 loan limit, a move that could help struggling homeowners to refinance large mortgages at a lower interest rate. It will also allow the Federal Housing Administration to insure loans as high as $729,750 in expensive markets.

    Senate Approves $151 Billion Economic Stimulus Bill [Bloomberg]

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    ‘Tis the season for real estate companies to talk about how much money their agents made last year. Nothing like seeing a pyramid of face shots that drip down from the richest to the “poorest” agents. I hate these ads. Does anybody other than the lucky elite enjoy looking at these?

    Some Thoughts about the 2007 San Francisco Real Estate Top Producers:

    • If you are one of 50 agents, is “top” really the best term?
    • It must be hard to be #2 to a guy with Dalmatians when you used to be #1 and the company owner.
    • Isn’t it ironic that a SF company takes a punch at other brokerages about listing their top producers on a page, but goes ahead and does just that?

    Since we love “top producers” so much here at Schtuff, we are proud to announce the 2007 top producing contributers (as determined by the amount of posts written). These lovely creatures are all filthy rich, have giant ego’s and love to show off. Please put your hands together for:

    #1: Garrett
    #2: Jack Schtuff
    #3: SENSE (tie)
    #4: Coach A (tie)
    #5: E-Manny
    #6: Jilly
    #7: Matty P
    #8: Farrah
    #9: B-Hizzie

    Comment Here

    goatcheesedip.jpg

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    By Jack Schtuff:

    This appetizer is delicious, colorful and you may already have most of the ingredients. It’s easy to prep ahead of time and throw together at the last minute. The home-made crostini adds a splash of class to this simple, Italian-style starter.

    You’ll need:

    • 2 cups cherry or sugar plum tomatoes
    • 3 cloves garlic
    • 1/2 cup fresh basil
    • extra virgin olive oil
    • goat chevre
    • 1 schkinny schourdough baguette

    Read the rest of this entry »

    District Map (PDF)

    2-4 Units    
         
    District 1 Dec-06 Dec-07
    Number of Sales 8 11
    Median Selling Price 1,262,500 1,178,000
    Average DOM 100 55
         
    District 2 Dec-06 Dec-07
    Number of Sales 2 2
    Median Selling Price 1,200,500 1,064,500
    Average DOM 55 53
         
    District 3 Dec-06 Dec-07
    Number of Sales 0 0
    Median Selling Price    
    Average DOM    
         
    District 4 Dec-06 Dec-07
    Number of Sales 0 0
    Median Selling Price    
    Average DOM    
         
    District 5 Dec-06 Dec-07
    Number of Sales 11 13
    Median Selling Price 1,350,000 1,230,000
    Average DOM 47 47
         
    District 6 Dec-06 Dec-07
    Number of Sales 4 3
    Median Selling Price 930,000 1,500,000
    Average DOM 64 349
         
    District 7 Dec-06 Dec-07
    Number of Sales 2 4
    Median Selling Price 1,687,500 1,937,500
    Average DOM 54 31



    District 8 Dec-06 Dec-07
    Number of Sales 2 3
    Median Selling Price 2,195,000 1,640,000
    Average DOM 106 70
         
    District 9 Dec-06 Dec-07
    Number of Sales 4 2
    Median Selling Price 1,000,000 1,312,500
    Average DOM 39 41
         
    District 10 Dec-06 Dec-07
    Number of Sales 1 0
    Median Selling Price 880,000  
    Average DOM 76  
         

    Data Provided by SFAR

    partyandvote.jpg

    Vote Today!

    Election: Consolidated Presidential Primary Election
    Time: Polls open from 7:00 a.m. to 8:00 p.m.

    Party Today!

    Type: Fat Tuesday
    Time: 7:30pm-2:00am
    Location: Roccapulco

    Carnival San Francisco [webstie]

    murdermap1.jpg

    SFGate has recently released an interesting mash-up to to their map collection. This map tracks the homicides in San Francisco during 2007. Each “pin” contains the name and cause of death. It’s hard not to look…

    SFGate Homicide Map [SFGate]

    birthdaypops.jpg

    Ya only turn 30 once and in celebration, we’re going out! We need some help for the post 11pm hour.

    Here are the parameters, what would YOU do?

    • Start time 11:00pm
    • Starting in SoMa, but can mobilize
    • have a group of 30
    • no dance clubs
    • everybody in the group drinks

    you can press comments above the post or click here

    openhousesfeb3.jpg

    As always, if you would like a detailed list of any particular ‘hood, just ask.
    Many homes are open earlier this Sunday due to the Super Bowl.

    Anza Vista: 2:00-4:00pm
    1800 Turk Street #202: $629,000

    Bernal Heights: 12:00-3:00pm
    33 Nebraska Street: $949,000

    Corona Heights: 1:00-4:00pm
    68 Uranus Terrace: $1,695,000

    Dolores Heights: 1:00-4:00pm
    319 Douglas Street: $749,000

    Excelsior: 12:00-4:00pm
    71 Mansfield Street: $1,299,000

    Financial District: 11:00-4:00pm
    690 Market Street #1803: $2,295,000

    Glen Park: 1:00-4:00pm
    156 Arlington Street: $859,000

    Haight Ashbury: 2:00-4:00pm
    116 Lyon Street: $379,000

    Ingleside Terrace: 1:00-4:00PM
    40 Cerritos Ave: $1,595,000

    J-Church Muni (wikipedia)

    K (district 10) Bayview Heights: 11:00-6:00pm
    401 Crescent Way unit#4202: $551,000

    Lower Pacific Heights: 1:00-4:00pm
    1908 Divisadero St. #4: $579,000

    Read the rest of this entry »

    vendingmachine1.gif

    We’ve talked about new and unusual vending machines before on Schtuff. What we’ve learned is that you can can buy just about anything from these handy dandy dispensaries–iPods, fruit, newspapers, drinks, snack and weed!

    “The computerized machine requires fingerprint identification and a prepaid card with a magnetic stripe. Once the card and fingerprint are verified, a bright green envelope with the pot drops down a slot.”

    The first of the kind have appeared in Los Angeles, but we wouldn’t be surprised to see these set up in Golden Gate Park ;)

    Pot vending machines take root in Los Angeles [msnbc]
    A Juicy Apple From the Vending Machine [San Francisco Schtuff]

    657ulloa.jpg

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    By Coach A:

    The weekly investment installment where Coach A picks a house, building or condo and talks about how somebody can create a return on their investment…

    Schtuff:
    Address: 657 Ulloa Street
    ‘Hood: West Portal
    Price: $889,000
    Beds: 2
    Baths: 1
    Sq. ft.: 1506
    Extra: in-law unit

    Plan:

    • Purchase for $945,000 in as-is condition with a 21 day close (gonna be some competition for this one)
    • Spend $100-$150K in upgrades (Home is in move in condition, but most likely needs a new roof.)
      • blow out the interior walls to reconfigure the space into a more suitable 2 bed / 1.5 bath upstairs and refine the outdoor space and garage area.
    • Keep the in-law rented and generate $1100.00 a month.
    • Ultimately, drop an interior staircase in the home and create a 3 bed / 2.5 bath 2500 sq.ft. home

    Read the rest of this entry »

    440brannan1.jpg

    440 Brannan is owned and operated by SF fashion designer Roger Alan. 440 Brannan is a subterranean retail warehouse offering limited-edition outerwear that’s further customizable in the design studio. A cold body begins by picking a jacket– anything from a work-friendly trench coat to a cafe-racer-inspired bomber. From there, you can choose among bespoke stitching, linings, labels, thicken the quilting or swap bits of the jacket’s material for locally sourced canvas, denim or neoprene.

    440 Brannan [website]
    image provided by 440 Brannan

    cut-dollar.jpg

    The Fed cut the fed funds rate yet again. The second such cut in 8 days. The rate now stands at 3%! The federal funds rate is the interest rate at which private institutions (mostly banks) lend balances at the Federal Reserve to other banks overnight. Though there is a slight lag in the time before consumers feel such a cut, it means money is getting cheaper to borrow. Some [me] worry about inflation, but the Fed seems to think that stimulating the economy in the short term is a good long term solution.

    The New York Times Reports:

    “The central bank acknowledged that it is now far more worried about an economic slowdown than rising inflation, and it left open the possibility of additional rate reductions.

    “Financial markets remain under considerable stress, and credit has tightened further for some businesses and households,” the central bank said in a statement accompanying its decision. In addition, it said, recent data indicated that the housing market is still getting worse and the job market appears to be “softening.””

    This, coupled with the soon to be voted on conforming rate stimulus package will mean that borrowers are going to save a whole lot of dough versus just a few months ago to borrow money to purchas a home in sF. If the Stimulus Package is passed, the conforming loan rate will change from $417,000 to $729,750 for one unit dwellings in San Francisco. This alone (not including the rate drop) will save a borrower $600 a month with 10% down on a borrowed amount of $900K.

    Fed Cuts Rates by Half-Point; 2nd Reduction in 8 Days [NYT]
    Federal Funds Rate [Wikipedia]

    District Map (PDF)

    Condominiums  
       
    District 1 Dec-06 Dec-07
    Number of Sales 17 6
    Median Selling Price 809,000 862,500
    Average DOM 44 49
         
    District 2 Dec-06 Dec-07
    Number of Sales 1 0
    Median Selling Price 107,328  
    Average DOM 39  
         
    District 3 Dec-06 Dec-07
    Number of Sales 2 1
    Median Selling Price 612,500 514,000
    Average DOM 21 44
         
    District 4 Dec-06 Dec-07
    Number of Sales 7 2
    Median Selling Price 550,000 570,000
    Average DOM 77 62
         
    District 5 Dec-06 Dec-07
    Number of Sales 37 23
    Median Selling Price 767,500 850,000
    Average DOM 58 48
         
    District 6 Dec-06 Dec-07
    Number of Sales 18 10
    Median Selling Price 797,500 767,500
    Average DOM 43 44
         
    District 7 Dec-06 Dec-07
    Number of Sales 20 16
    Median Selling Price 1,212,500 1,115,500
    Average DOM 48 59
         
    District 8 Dec-06 Dec-07
    Number of Sales 26 27
    Median Selling Price 700,000 700,000
    Average DOM 64 60
         
    District 9 Dec-06 Dec-07
    Number of Sales 47 39
    Median Selling Price 766,000 640,000
    Average DOM 49 54
         
    District 10 Dec-06 Dec-07
    Number of Sales 11 1
    Median Selling Price 470,000 540,000
    Average DOM 75 103
         

    Data Provided by SFAR

    71miguel.jpg

    71 Miguel Street is in contract despite Mr. Miguel’s brother (73 Miguel Street) still sitting active after a price reduction.

    Schtuff:
    Price: $2,649,000
    4 Beds
    3.5 Baths
    2890 Square feet
    New construction

    There was some fun conversation on CurbedSF about the neighborhood, but despite the “section 8,” somebody fell in love. Both of these homes are hecka sweet (71 is the smaller, more constricted of the two), they just don’t fit the typical make up of this ‘hood.

    71 Miguel Street [Home San Francisco]
    PriceChopper: Glen Park Gem With a Catch [Curbed SF]
    [Image provided by MLS. Agent Pete Brannigan/Brown and Co. real estate]

    speakup1.jpg

    We haven’t done much prodding for comments, but we’re startin’ to get a little worried. Cat got your tongue? A few people have been sharing their thoughts, but the vast majority of our visitors read us, use us and leave us–making us feel very cheap :( . This blogging thing isn’t easy kids! With some insight, feedback, comments, thoughts, ideas, sh*t talking and insightful narrative, this place will be a much happier place for us all, so speak up and comment.

    Yesterday, EH, brought it to our attention that it was difficult to comment because the reader has to scroll WAAAAY, down to the bottom of the screen. Sometimes that is the case unfortunately. However, there is a “comment” link at the top of every post. Just click it (it often says, “no comment”) and our handy-dandy code will bring you right down to a comment box where you can spill your guts.

    We look forward to hearing from you.

    somagrand.jpg

    John King of the San Francisco Chronicle shared his feelings about the Soma Grand on Monday. Below are a few of our favorite insights…

    Mr. King on shipping containers:

    “Containerization” refers to the movement of goods by ship and rail in stark utilitarian crates. These days, unfortunately, it also describes what’s happening in more and more cities as the landscape gets cluttered with buildings that contain housing but otherwise just sit there, static and squat.”

    Mr. King on shape:

    “…San Francisco has the perfect tower to illustrate the trend: the Soma Grand” “It’s nearly as wide as it is tall, and it meets the skyline with nothing more memorable than a mid-block spire that looks like a car antenna.”

    Mr. King on the Soma Grand:

    “…It’s a wet blanket at billboard scale.”

    SoMa tower: Grand it ain’t [SF Gate]
    Soma Grand [website]
    Image provided by Soma Grand

    hugohotel.jpg

    The Hugo Hotel, the 4 story structure that’s been sitting vacant on 6th Street at Howard Street for over 20 years with furniture suspended from the windows and outside walls may soon be taken by the city with some force. Eminent domain is the little trick that the city has up its sleeve to turn that giant plot of land in the ever changing, yet ever seedy 6th street corridor into space for affordable housing. Eminent domain with its roots in English Common Law is the inherent power of the state to seize a citizen’s private property without the owner’s consent. The property is taken either for government use or by delegation to third parties who will devote it to “public use.” This hotel has been sporting a for sale sign for years, but the owners refuse to sell the lovely structure and the land for a price anybody is willing to pay.

    SFGate reports that “last week the San Francisco Redevelopment Agency announced it has begun the process of taking over the Hugo through the use of eminent domain. It will probably be demolished for space for affordable housing.”

    Sixth Street keeps trying to make a comeback [SF Gate]
    Eminent Domain [Wikipedia]
    Defenestration (artists project/involvement with the Hugo) [Metaphorm]

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    brookebioupdated.jpg
    By B-Hizzie:

    I eagerly awaited the opening of Basso’s in Noe Valley. Walking by it every day left little to be desired (it looked the same as CyBelle’s…), BUT lemme tell ya, I ate there and it was d.e.l.i.c.i.o.u.s. Walking into the place, the renovations became more apparent as well. The fun part about this place is that it’s connected to Noe’s bar, so the atmosphere is casual and they have good c-tails.

    We started with the Calamari and it was pretty darn good, not the BEST I have ever had, but good enough to order again. We had four in our party and with a pre-dinner drink each, apps., four entre’s AND a bottle of wine, each couple got out for about $75 and the food was excellent. Between the 4 of us, we enjoyed the fillet, a pizza, a New York steak and a pasta dish. All were very very good.

    Read the rest of this entry »

    openhousetoday.jpg

    As always, if you would like a detailed list of any particular ‘hood, just ask.

    Ashbury Heights: 1:00-4:00pm
    1025 Ashbury Street: $1,850,000

    Bernal Heights: 2:00-3:00pm
    580 Prentiss Street: $699,000

    Cole Valley: 2:00-4:00pm
    235 Broderick Street: $2,129,000

    Dolores Heights: 1:00-4:00pm
    32 Carson Street: $1,325,000

    Excelsior: 2:00-4:00pm
    525 Edinburgh Street: $589,900

    Financial District: 2:00-4:00pm
    550 Davis Street #35: $859,000

    Glen Park: 1:00-4:00pm
    73 Miguel: $2,875,000

    Haight Ashbury: 2:00-4:00pm
    1 Hillpoint: $1,549,000

    Ingleside Heights: 1:00-4:00PM
    40 Cerritos Ave: $1,595,000

    Japan Town: 2:00-4:00
    1455 Laguna Street #4: $375,000

    Kite Surfing (youtube)

    Lower Pacific Heights: 2:00-4:00pm
    2064 Pine Street: $749,000

    Marina: 2:00-4:00pm
    767 Marina Blvd: $4,950,000

    Noe Valley: 1:00-4:00pm
    981 Dolores Street: $959,000

    Outer Sunset: 2:00-4:00pm
    4028 Ortega Street: $599,000

    Potrero Hill: 1:00-4:00pm
    1073 Mississippi Street: $899,000

    Questlove bringin’ bodacious beats back! (youtube)

    Read the rest of this entry »

    homedepotgoodman1.jpg

    Cortland Ave., the cute artery lined with shops, businesses and plenty of residents, connects Mission Street to Bayshore Blvd. The topography of Cortland Ave. is reminicent of a street in New Orleans–chalk full of deep pot holes, constant construction work, narrow side walks and bursting pipes with flowing water. There is almost always traffic on Cortland Ave., but the little avenue has continued to mature as new restaurants (Piqueos, Tinderbox) pop up, new business start (Home San Francisco, Avedano’s) and homes around Cortland continue to fetch top dollar.

    There has been much drama associated with a large former lumber yard that sits at the end of Cortland Avenue on Bayshore Blvd. For years residents have put up a fight to keep Home Depot, a large box store out of their hood. For years this large lumber yard has sat empty with a “The Home Depot, YES!” sign out front. After driving by yesterday, a tipster sent us the above image with a new sign that says “The Home Depot; Coming Soon!” We anticipate a lot of stank eye from the residents of Bernal Heights and a whole hell of a lot more traffic along Cortland Ave.

    Welcome to Cortland Avenue [San Francisco Schtuff]
    Homes near Cortland Ave. [Home San Francisco]

    306mullenbefore.jpg

    Once upon a time in 2004, Ms. Mullen was nothing more than a lonely, grassy hilltop with a heart of gold. Poor little Ms. Mullen wanted to be something stylish, sexy and to find a suitor. Ms. Mullen decided it was time to strut her schtuff, so she got all showered up, shaved her long green whiskers and started making herself ready for a suitable mate. Along came her prince, architect Craig Steely, who saw her inner and modern beauty. Craig fell in love and decided to paint Ms. Mullen a portrait to show her all of what he saw she could be. Because Ms. Mullen started winning over the hearts of possible mates through Mr. Steely’s portrait, she felt it was time to get some practice in the “love department.” Ms. Mullen put on some clear heels and a short skirt and sold herself for $365K (little slut) after sitting on the corner [market] for 54 days. This made Ms. Mullen happy because she knew that soon, someday, somebody was going to make her look like her prince Steely saw her and that she’d be a champion in bed.

    Craig Steely and some developers worked long and hard, night and day to make Ms. Mullen shine. With a sweet kiss, Ms. Mullen turned into 306 Mullen Ave. and looked like this:

    306mullen.jpg

    306 Mullen Ave. felt so good, she felt alive! Her previously awkward slope now boasted 4 bedrooms and 4 bathrooms, clear cut and clean lines, views, a media room, a fountain, designer kitchen and lots of windows. But alas, Ms. Mullen was all alone again, only to find herself sitting on the market in November of 2007 with nobody to love. She sat there, alone, for 76 days and all anybody had to do was offer $2,295,000 to have her. All she wanted was somebody to be inside of her (to live! Get your mind out of the gutter!). Ms. Mullen was pulled from the market to sit by herself through the holiday’s and the rain. Nobody to turn on her heat to keep her warm, nobody to cook Christmas dinner for her :(.

    Ms. Mullen had enough and Amanda Jones and Misha Breyburg have decided yet again that 306 Mullen needs a suitable love. They cleaned her up, slapped the same price tag across her face ($2,295,000) and are pimpin’ her out to the highest bidder.

    Go see Ms. Mullen yourself this Sunday from 2:00-4:30 pm as her doors will be open for all.

    Craig Steely [website]
    306 Mullen Ave [Home San Francisco]
    Listing and images provided courtesy of the MLS and Vanguard Properties; Agent: Amanda Jones and Misha Breyburg

    william-good1.jpg

    sensesized.jpg
    By SENSE:

    For the socially conscious and well-dressed…
    something new comes to San Francisco. The same guy who brought you Joe Boxer has teamed up with Good Will to create a new fashion line called William Good. At the moment, this line is available exclusively in SF.

    It’s All William Good [papermag.com]
    Logo courtesy of William Good [website]

    Much more choice now as compared to January’s of the past.  Take a peek and shop ’till you drop.

    As of January 22 at 8:00am:

    Active single family homes: 466
    Active Lofts/condo’s/TICs: 578
    Active 2-4 unit buildings: 134

    Search for active homes [Home San Francisco]

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    By E-Manny:

    On my way to my third time at the Grand Pu Bah, I realized I was excited with anticipation of trying another one of their dishes. To date, I have had only dishes that impressed me and made me close my eyes in enjoyment (with the exception of one interesting appetizer). You might miss the Grand Pu Bah if you are passing by or mistake it for a design outlet. Tucked between two retail design stores and sitting underneath a cluster of new condos, you have to make a point of seeking out this Thai food gem.

    During my most recent visit, we were greeted by the owner, and as always made to feel welcome. The owner and restaurant staff all exude a genuine friendliness and you are greeted by an eager hello, almost as if they’re saying, “We’re so glad you’re finally here!”

    You can’t go wrong starting with the Sizzling Spicy Prawns ($10). The cilantro, lemongrass, and lime flavors are strong and don’t compete; letting you enjoy each zest. The Thai chili gives the dish a nice kick that leaves you alone after you’ve finished the bite.

    Read the rest of this entry »

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    By Coach A:

    turk1.jpg

    House 1 Deets:

    2821 Turk Street
    Price $950,000
    2 bed + sun room
    1.5 baths
    1725 sq feet (tax record)

    Comments: The home needs a few “small” tweaks before it’s move-in ready, but there are some incredible expansion possibilities given the size of the garage. A $200K - $250K remodel would still put this house well under market value. It would make sense to remodel the kitchen and bath on the main level, create a master suite opening to the yard in the garage. These additionals can be done legally making the house 2400+ sqft with 3 beds, 2.5 baths, sun-room/office, yard and will still have parking.

    turk3.jpg

    House 2 Deets:

    2539 Turk Street (extremely similar to house 1 with a nearly identical floor plan and location. This home has more upgrades and shows substantially better than house 1, but is also directly in front of a Muni stop.)

    Price:1,150,000
    3 beds
    1 bath sq ft.
    1683 square feet (tax record)

    Comments: In contract after 10 days on the market (let’s assume it sold for slightly over the asking price)

    Lone Mountain Deets: 2007
    14 single family home sales
    Average list price: $1,259,000
    Average sales price: $1,350,000
    Avg size: 1790 square feet

    2821 Turk Street [McGuire Real Estate; agent Chris O’Connor via Home SF]
    2539 Turk Street [ McGuire Real Estate; agent Barbara Callan via Home SF]
    Investor Alley [San Francisco Schtuff]

    valut.jpg

    If you are a drug or antique dealer or just looking for the ultimate hide-and-seek spot, 716 8th Ave may be the perfect fit for you. It’s not too often you come across an industrial grade vault in the garage, but the vault pictured above is included in the sale of this two unit building.

    Deets:
    Price: $2,190,000
    Days on Market: 48
    # of units: 2
    building square footage: 4147
    Random: owner died in lower unit

    716 8th Ave [Home San Francisco]
    Listing: Tom Cooke; TRI Coldwell Banker

    riteaidwellsfargo.jpg

    We’ve been keeping our eyes on the changes along the 24th Street corridor in Noe Valley for some time now. It looks like a large space has recently been rented and is ‘getting all purdy’–out with the old and in with the new they say. The little Wells Fargo branch that’s been operating on 24th street for years (and only recently started handling cash transactions) will be getting a bigger, better and badder new home a few doors down. Now, what goes into the smaller shop that Wells Fargo currently occupies? Smoothie shop? Stroller shop? Real estate brokerage (there are only 6 real estate companies in Noe Valley–definitely room to squeeze in at least a couple more).

    Previously on SF Schtuff:

    Rite-Aid, formerly located at 4045 24th street currently sits dark with dusty linoleum floors and a large sign proclaiming its availability. Rite-Aid has been running a store in this location since 1998 when it changed from a Thrifty Jr. to the more current Ride-Aid store. The 6,727 square foot space supposedly underwent a rent increase and the store with over $900K worth of merchandise could not afford to keep its doors open.

    24th Street Retail [San Francisco Schtuff]

    District Map (PDF)

    Single-Family Homes    
       
    District 1 Dec-06 Dec-07
    Number of Sales 18 14
    Median Selling Price 971,250 1,215,000
    Average DOM 75 46
       
    District 2 Dec-06 Dec-07
    Number of Sales 38 31
    Median Selling Price 770,500 795,000
    Average DOM 38 38
       
    District 3 Dec-06 Dec-07
    Number of Sales 16 13
    Median Selling Price 754,700 605,000
    Average DOM 41 58
       
    District 4 Dec-06 Dec-07
    Number of Sales 36 26
    Median Selling Price 882,500 931,000
    Average DOM 37 49
       
    District 5 Dec-06 Dec-07
    Number of Sales 26 13
    Median Selling Price 1,090,000 1,450,000
    Average DOM 55 60
       
    District 6 Dec-06 Dec-07
    Number of Sales 3 2
    Median Selling Price 1,260,000 1,299,500
    Average DOM 91 24
       
    District 7 Dec-06 Dec-07
    Number of Sales 3 6
    Median Selling Price 1,850,000 4,005,000
    Average DOM 46 63
       
    District 8 Dec-06 Dec-07
    Number of Sales 1 1
    Median Selling Price 2,250,000 1,950,000
    Average DOM 67 43
       
    District 9 Dec-06 Dec-07
    Number of Sales 32 12
    Median Selling Price 870,000 824,000
    Average DOM 47 54
       
    District 10 Dec-06 Dec-07
    Number of Sales 42 37
    Median Selling Price 682,500 625,000
    Average DOM 49 75
       

    Data Provided by SFAR

    2007vs2017sized2.jpg

    For nothing more than a little fun, we thought it would be interesting to extrapolate some of the numbers we played with last week to predict what prices would be in ten years IF the rate of inflation and appreciation remained the same as it’s been over the last decade. So, with some very basic math, we averaged out the increase for single family homes, lofts/condos/TICs and Multi Unit buildings in five neighborhoods and applied it to a new neighborhood, Glen Park–2017. Not only do we doubt that the rate of appreciation will remain the same, but we hope with all our might that it doesn’t because not a damn soul will be able to afford a tank of gas let alone a modest house in Glen Park.

    Glen Park
    2007 2017

    Average cost of a single family house $1,059,660 $3,274,349
     
    Average cost of a cup of coffee $1.65 $2.73
     
    Average cost of a Condo/Loft/TIC $833,878 $2,068,993
     
    Average cost of a gallon of gas $3.25 $8.18
     
    Average cost of a multi unit building $1,065,333 $3,123,467
         

    Then Vs. Now [San Francisco Schtuff]

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    By Jack Schtuff:

    Just south of San Francisco, about 1/2 mile off the coast, surfers paddled into 20-30 foot waves at Mavericks. On December 4, 2007, the swell and underlying reef produced waves that topped 70 feet, but the conditions were less than perfect for the contest.

    Last year Mother Nature didn’t cooperate, so the contest was not held. This year, however, with nearly perfect conditions on the horizon, Mavericks pioneer Jeff Clark, gave official notice.

    Athletes, judges, volunteers and spectators got a 24-hour notice as the Mavericks Big Wave Surf Contest was announced for January, 12, 2008. Everyone rushed to the Half Moon Bay area to organize and prepare for an event that brings thousands of people to the San Mateo County coast.

    The best way to watch the event was via live web cast as several hundred thousand tuned in from home. It was a beautiful day at the beach, but I thought it was great to have a little commentary from contest announcers to educate us on the background of Mavericks and the contestants that risk their lives in the cold, shark infested waters.

    The majority of the morning was somewhat quiet, but after a thrilling final, when the contest was over the judges made their decisions:

    Read the rest of this entry »

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    By Coach A:

    FULL DISCLOSURE: This listing is held by a Home San Francisco Agent

    Deets:
    Address: 504 Ellsworth Street
    Price: $869,000
    Currently 1000 sq feet of living space (per tax records)
    3 bedrooms
    1.5 bathrooms
    Garage
    Garden and deck
    TONS of storage
    Just 2 blocks from Cortland Ave.

    Investment opportunity - An architect has developed a rendering which would legally convert a large portion of the garage into a master suite opening to a garden and yard. Once done, some small changes can me made upstairs to better utilize the living space. You are looking at a remodel of approximately $140K.

    Before you shake your head in disbelief, take a look at some comparable stats:

    [update: An offer was accepted in 4 days after the home hit the market and is currently pending]

    Read the rest of this entry »

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    This week we’re going down memory lane in five districts–to wrap things up nice and neat, our last district is Bernal Heights. We’re bringing it back to good old 1997 when Ben and Jerry’s introduced “Phish Food,” the world lost Notorious BIG, Bill Clinton was President and Mission Bay was nothing more than a place on the map.

    We’ve been getting a lot of interest in the Then vs Now series we ran this week from our readers and other blogs (thanks theFrontSteps, CurbedSF, Redfin) and we’re glad you likey. Now, speak up, leave comments, thoughts or questions–we’d love to hear your voice! Next week we’ll be putting the data together to do some head-to-head comparisons; gitty up…

    Bernal Heights
    1997 2007
     
    Average cost of a single family house $269,001 $893,133
     
    Average cost of a Apple Mac pro $1,500 $2,200

     
    Average cost of a Condo/Loft/TIC $246,505 $572,192

     
    Average cost of public university tuition $3,000 $6,000
     
    Average cost of a multi unit building $330,771 $975,650
     

    Then vs Now [San Francisco Schtuff]

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    The Seventh Annual SF Sketchfest: The San Francisco Comedy Festival

    The “one hour or so” show is part stand-up & part slide show and based around a San Francisco Chronicle cartoon, “Cheap City.”

    Schtuff:
    LEARN: Bad advice on getting by cheaply in the Bay Area.
    DISCOVER: Failed cartoons like “Peanus, featuring Good Ol’ Chubby Browne”
    WITNESS: a guest appearance by talented singer-songwriter, Jesse Dyen
    WHERE: The Historic Purple Onion - 140 Columbus Avenue @ Pacific
    WHEN: Friday January 18th at 8PM
    WHY: There will be drink specials in addition to a great show
    HOW: Tickets $15 at
    Tip: BEFORE the show- there is great food upstairs at Caffe Macaroni

    Sketchfest [website]

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    This week we’re going down memory lane in five districts–now up, NoPa. We’re bringing it back to good old 1997 when Ben and Jerry’s introduced “Phish Food,” the world lost Notorious BIG, Bill Clinton was President and Mission Bay was nothing more than a place on the map.

    NoPa 1997 2007
     
    Average cost of a single family house $442,045 $1,268,000
     
    Average cost of a Honda Accord EX $20,000 $26,000

     
    Average cost of a Condo/Loft/TIC $260,935 $729,992

     
    Average rent of a 2 bed apartment $900 $2,100
     
    Average cost of a multi unit building $438,146 $1,378,891

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    Sangha, a new restaurant in the ever changing Glen Park village is a Scandinavian-looking, minimalist style space offering a Japanese-Latin fusion menu from the chef behind Blowfish, Moki’s, and Mas Sake. Feast on flavors from Tokyo to Cancun with dishes like cornmeal togadashi dusted squid, citrus-soy fillet mignon and a tempura-style, maguro, avocado, and jalapeño creation called the Ecstasy Roll.

    Sangha is a work in progress and seems to be running a bit behind schedule, (we were under the impression that it was supposed to open last summer) but has a continually expanding menu. Glen Park is poppin’ with all sorts of tasty delights from Chenery Park, Galina, La Corneta, and Le Petit Laurent and they are all easy to get to, only a block from the bart station.

    Contact:
    678 Chenery Street
    415.333.0101

    Glen Park is RED hot [GTwice]
    First Look Inside: Glen Parks Sangha [Eater SF]
    Thrillist supplied us with the image; thank ya.

    1997vs2007.jpg

    This week we’re going down memory lane in five districts–now up, Noe Valley. We’re bringing it back to good old 1997 when Ben and Jerry’s introduced “Phish Food,” the world lost Notorious BIG, Bill Clinton was President and Mission Bay was nothing more than a place on the map.

    Noe Valley
    1997 2007
     
    Average cost of a single family house $458,985 $1,503,412
     
    Average cost of a movie ticket $4.25 $8.50

     
    Average cost of a Condo/Loft/TIC $356,787 $845,745

     
    Average cost of a dozen eggs $1.25 $3.25
     
    Average cost of a multi unit building $482,134 $1,457,000
    Condominiums  
       
    District 1 Nov-06 Nov-07
    Number of Sales 12 15
    Median Selling Price 734,500 995,000
    Average DOM 60 39
       
    District 2 Nov-06 Nov-07
    Number of Sales 2 4
    Median Selling Price 880,000 681,250
    Average DOM 27 32
       
    District 3 Nov-06 Nov-07
    Number of Sales 3 2
    Median Selling Price 504,500 542,250
    Average DOM 69 57
       
    District 4 Nov-06 Nov-07
    Number of Sales 8 4
    Median Selling Price 516,000 560,000
    Average DOM 50 40
       
    District 5 Nov-06 Nov-07
    Number of Sales 34 29
    Median Selling Price 807,000 830,000
    Average DOM 42 41
       
    District 6 Nov-06 Nov-07
    Number of Sales 21 14
    Median Selling Price 610,000 794,000
    Average DOM 39 70
       
    District 7 Nov-06 Nov-07
    Number of Sales 31 24
    Median Selling Price 876,000 1,087,500
    Average DOM 47 38
       
    District 8 Nov-06 Nov-07
    Number of Sales 34 32
    Median Selling Price 637,500 665,000
    Average DOM 49 50
       
    District 9 Nov-06 Nov-07
    Number of Sales 55 41
    Median Selling Price 675,000 815,000
    Average DOM 51 46
       
    District 10 Nov-06 Nov-07
    Number of Sales 4 1
    Median Selling Price 602,250 210,000
    Average DOM 46 33

    Data provided by SFAR

    1997vs2007.jpg

    This week we’re going down memory lane in five districts–now up, Pacific Heights. We’re bringing it back to good old 1997 when Ben and Jerry’s introduced “Phish Food,” the world lost Notorious BIG, Bill Clinton was President and Mission Bay was nothing more than a place on the map.

    Pacific Heights 1997 2007
     
    Average cost of a single family house $1,706,000 $5,022,000
     
    Average cost of a USPS stamp $0.32 $0.41

     
    Average cost of a Condo/Loft/TIC $487,294 $1,242,000

     
    Average cost of a gallon of milk $2.49 $3.99
     
    Average cost of a multi unit building $1,060,000 $2,328,000

    hatfactory.jpg

    jillyjesus.jpg
    By Jilly:

    Fresh off the press from Daily Candy

    The Hat Factory is a “first-rate co-working space” a space shared by a number of people to pool workplace resources. It’s fully equipped with WiFi, DSL, common desk space, and a kitchen. Enjoy a cup of joe on comfy couches. You can keep small personal belongings in lockers and easy Public Transportation plus street parking makes it even more convenient.

    Hat Factory sounds like a great place for independent types to get work done and/or meet others who have flexible work schedules. I wish I was there this week.

    Deets:

    $200 a month
    open for daily rentals if you just want to try it out.
    801 Minnesota Street, at 20th Street, suite 8
    415-548-3524

    The Hat Factory [website]

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    By Jack Schtuff:

    Schtart the year off right with a fresh batch of schtoney cookies, with coconut & dark chocolate chunks.

    You’ll need:
    1 1/4 cups softened butter
    1 1/4 cups all-purpose flour
    1/2 cup dark chocolate chunks
    1/2 cup shredded sweetened coconut
    1/2 cup brown sugar
    1/2 cup ganulated sugar
    1/2 teaspoon baking soda
    1/2 teaspoon vanilla
    1/8 teaspoon salt
    1 egg

    Read the rest of this entry »

    1997vs2007.jpg

    This week we’re going down memory lane in five districts–up first, Potrero Hill. We’re bringing it back to good old 1997 when Ben and Jerry’s introduced “phish food,” the world lost Notorious BIG, Bill Clinton was President and Mission Bay was nothing more than a place on the map.

    Potrero Hill
    1997 2007

    Average cost of a single family house $352,000 $1,083,000
     
    Average cost of a cup of coffee $1.00 $1.65
     
    Average cost of a Condo/Loft/TIC $311,000 $742,000
     
    Average cost of a gallon of gas $1.29 $3.25
     
    Average cost of a multi unit building $412,000 $1,385,000
         

    sfgen1.jpg

    From a doctor reader that wanted to share his new years day in the bay…

    It’s hard to look at death sometimes

    Today was rougher than usual, 7am new years day blows. Hungover, tired, and grumpy, I wasn’t feelin’ the healin’ today. Instead of the usual wake everyone up, look for obvious signs of some sh*t going wrong, 10-30 seconds of chitchat and an exit, I let everyone sleep. I went back and talked to everyone when they were up, except for one.

    Read the rest of this entry »

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    By Jilly:

    Homegrown in San Francisco, Turk+Taylor’s highly constructed, classically inspired casual-wear is operating out the head honcho’s 900 square foot apartment / design studio. That’s reason enough for me to want to stop by and check out this local brand. Well…that and the fact that they recently premiered a line of men’s and women’s tailored clothing to complement their hand-dyed organic T-shirt collection. Vintage inspired patterns come alive with bright, bold colors. All styles are limited editions, and all garments are hand-numbered…and with details like neon green silk linings, fun pocket fabrics, and a sewn pouch tag containing extra buttons and a handful of sow-worthy organic treviso seeds….I think this brand deserves some acknowledgement. Oh and did I mention T+T uses sustainable materials and natural fibers such as silks, organic cottons, linens and twills? This is one trend I’ll gladly exploit. Bring it on.

    Turk and Taylor [website]
    By appointment only [email]

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    The cloak has come off of 888 7th street to reveal “multi hued shingles;” ain’t that purdy…

    Some units have already sold (150+ according the website) and there are floor plans for those with dirty minds. According to the developer, the project has been Greenbelt Certified as a “Livable Community.”

    Deets:
    61 studios
    49 1 bedrooms
    81 2 bedrooms
    33 bedrooms
    7215 sq feet of retail space
    Architect: David Baker and Partners
    Developer: AF Evans

    Live at 888 [website]
    Livable Communities [Greenbelt Alliance]
    Deconstruction [time lapse video of building process]

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    By Matty P:

    On the eve of this election year, 2008, we all raised a voice within ourselves to become conscious, present individuals – the type of person whose voice resonates further than the cube. After all, we live in a world torn by warfare; a world that we as locusts continue to plunder at the expense of our kids, grandkids and so forth. The time has come to rise up…to raise our awareness; so we immediately reached for strong drink and tore into a gluttonous tirade of epic proportions.

    We ate, drank and smoked to excess. We broke marital vows, made out with same-sex partners in spite of their defiance and puked on the dog. We talked about important social matters like Jell-O shots, reality television and the difference between medicinal and street-bought marijuana.

    With a whiskey still in hand, but poured on our crotch, we woke up wondering if we pissed ourselves. The answer still remains unclear, but what is clear is our fortitude. This year, 2008, Year of the Rat, we would be the Pied Piper to our friends and family seeking vision, unity and a bright future. Then, the New Year’s Day Party started.

    We smoked the joint to kill our hangover. We hate cheap vodka, but if you mix it with Orange Juice it tastes surprisingly like a breakfast drink. Four screwdrivers in, we kick right back to whiskey on the rocks and a few Parliaments. By noon, we are drunk, belligerent and blaming it on the federal government and college football coaches. Meatballs don’t normally mix with bagels, but they do today. And that second helping of macaroni and cheese? Alright…we’ll take full responsibility for that one.

    There are starving people all over the world. You think if they were in that room full of food, booze and cigarettes they wouldn’t have done the same? Listen, our moms have all told us about the starving kids, but they never told us about being so drunk you forget your own name or eating so much cheese your intestines are blocked for the month! It’s not our faults is it?

    Wednesday, January 2nd…We have dropped a 25 IQ points. Great party on Sunday…but what was that we were thinking about doing again? Oh who cares…snow is falling in Tahoe and our parent’s cabins aren’t going to use themselves. Hop in the Yukon and grab a beer!

    2285_emeraldview1.jpg

    farrah1.jpg
    By Farrah:

    For several years, thanks in large part to the efforts of former Oakland mayor Jerry Brown, once decaying blocks of Jack London square, downtown and uptown Oakland have been abuzz with the construction of mid-rise condo developments. Last summer, the City of Oakland’s Planning Commission began considering and holding public meetings to discuss a proposal to build Emerald Views, a One Rincon Hill-style, 42-story glass residential tower that would be the tallest condo developments and the tallest building in the Bay Area outside of San Francisco.

    Although Emerald Views stands to be a significant change to Oakland’s skyline and the surrounding communities, more significant than the building itself right now are the scandals surrounding it.

    On the main stage of the Emerald Views scandal arena is a battle to save a historic park. The proposed site for Emerald Views is a 32,000-square foot garden that is the last remnant left from condo development of the estate of August Schilling, a spice magnate who lived there in the 1890s. Although the garden is closed to the public, those who oppose destroying the garden such as John Klein, say that it had the potential to be reclaimed as a public park. Some supporters of the development like Eric from the Transbay Blog say that this “secret garden” is closed to the public and that it is better to use the land for some purpose than not to use it at all. The developer, I’m sure leaving out driveways and definitely leaving out the fact that the construction would dig up the entire park, says that the tower would be very slender with a footprint of only 12,200 square feet so some of the park would be preserved. Turns out that the City of Oakland made a major error that gave supporters of the project a huge advantage, it recently admitted that it missed an opportunity to accept an offer by the most recent owner to take possession of the garden. A city official stated that they didn’t realize at the time that it would be a high rise, wait - what?

    In a side show, cute kids, all from an East Oakland boxing gym, were apparently bussed in to speak at the planning commission meetings on behalf of the development. How are these kids connected to a downtown Oakland high-rise? Folks are whispering that the developer might have stuck a deal with the gym owners to rebuild it if the condos are approved.

    Also in the mix, of course, are the preservationists, pro-development folks, affordable housing activists, and people who just hope the building will being a Starbucks to their hood.

    A Wasted Opportunity [East Bay Express]
    Friends in High Places [East Bay Express]
    Fight Over The Secret Garden [Transbay Blog]
    emerald_views
    photo [Flickr via user leporello87]

    chezmaman.jpg

    emannyupdate.jpg
    By E-Manny:

    People! Stop the endless search for the best burger you’ve ever had in your life. It’s here at Chez Maman. Every time I bring a Chez virgin there, they drool, commenting over and over again, “Best burger I’ve ever had”.

    I’ve found it hard to enjoy a burger elsewhere in SF without endlessly comparing. Even at some of the finer burger establishments (i.e. Bistro Aix, Barney’s, Spork); I find myself dreaming of the soft/crunchy French roll, the perfectly cooked juicy meat, and of course: THE CHEESE. This is the secret recipe to the success of this phenomenal burger. I recommend trying either the gruyere and if you like strong cheeses, I say go for the Roquefort (my personal fav). I would do it injustice if I didn’t mention the aioli sauce. That is a incredibly nice touch to the masterpiece. The fries are small, crunchy, and scrumptious.

    The best part is you can have any dish here and be impressed.

    Now, excuse me, but I’m going to grab a burger.

    Chez Maman [website]

    happynye.jpg

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    By SENSE:

    Okay… so it’s 3:30 pm on December 31st 2007. First of all, I can’t believe 2008 is upon us. But 2nd of all, ummm… I still don’t know what the hell I am doing for New Years. I think I just changed my New Year’s Resolution to less procrastinating and more planning ahead. The worst thing is… my homeboy Ian is flying out to SF to party it up with me and I got nothing planned at all. What am I… an asshole?

    It’s getting late. Maybe I should stop writing this worthless blog and go Google the hell out of New Years Eve in San Francisco…

    Google Search # 1:
    New Years Eve, hip-hop, San Francisco

    Okay… I see that Mos Def and Goapale are hosting a “sneakers only” party at Terra on Harrison… Ian would dig that… but I aint tryin to spend $125… even if it is Mos.

    I moved to the Bay about 4 months ago. My favorite bar by far so far is Cigar Bar

    Google Search # 2
    Cigar Bar, San Francisco

    That might work… only a $20 dollar cover and comes with a champagne toast… and featuring the sultry sounds of Manicato. Who is Manicato?

    Google Search # 3
    Manicato, music

    Manicato it turns out, is a great band. A mixture of Salsa, Reggae, Bomba, Hip-hop, Cumbia and Plena… I really like this band.

    I do have that bottle of Moet that my boy Koji bought me. Maybe Ian and I drink that before heading out to a house party I heard about in Cole Valley. We could bring a bottle of Bullet (my new favorite bourbon that I first tried at Bourbon and Branch) and the cigars I know he will have on him when he arrives at Oakland International at 5:30. Then maybe it’s off to Cigar Bar… We can wake up hung over mañana and listen to Mos Def while drinking bloody marys at Garrett’s spot in Fruitvale on New Years Day.

    Happy New Years to all ya’ll.

    SENSE

    sfnye.jpg

    Have a happy, healthy and safe New Years Eve. We’ll be back in the ‘08

    NYE image [Flickr; City Kayak]

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    By Jack Schtuff:

    A month and a half after the jack-ass hit the bridge the accident, the Half Moon Bay Review reports that a fender from the SF Bay Bridge washed ashore on Redondo Beach. Though most of the oil stayed within the bay, the recent fender finding is a sad reminder of what took place on November 7th, as the Cosco Busan crash devastated the SF Bay. As of December 20, 2007, the California Department of Fish & Game reports that the ship was bonded, before it was permitted to leave port.

    The Cleanup [San Francisco Scthuff]
    Bay Bridge Debris Washes up on Coastside Beach [Half Moon Bay Review]
    Quicktime Video of new, “greener” Bay Bridge fender [SF Gate]

    condiut.jpg

    Conduit
    Address: 280 Valencia St @ 14th
    Phone: 415.552.5200
    Parking: Parking lot space available

    Conduit was designed by the modernist architect Stanley Saitowitz, who thought it would be a good idea to line the space with hundreds of metal wiring conduits. The American/Italian/French food gets its shine from a former Boulevard chef. In addition to a full bar and a 125-bottle wine list, there’s also a 14-person private wine room. At night, Conduit’s stainless-steel/copper grid will be lit up by LEDs.

    Monks Kettle
    Address: 3141 16th Street at Albion
    Phone: 415.865.9523
    Website: monkskettle.com

    This beer hall serves pulled pork, ahi tuna confit sandos and giant pretzels w/ cheddar ale sauce, pairable with 124 handpicked bottles and draughts. The selection ranges from Bavarian Dopplebocks, to Scottish ales, to a section called “Grandpa’s Suds.”

    Conduit Unveils Signage, Menu and a Possible Debut [Eater SF]
    Stanley Saitowitz | Natoma Architects [website and image above]

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    Only a couple of more days to vote for Pedro Greg. We want him to win! In an interview with him today, he promises to work hard and stay hot through the ‘08 season.

    VOTE HERE (in the body of the email enter “Greg,” “Greg A.” or “Coach A.” remember, it’s anonymous)

    DAMN, we’re HOT! [San Francisco Schtuff]

    Productive measures to help the homeless in San Francisco need to be established. Below is a Lupe Fiasco song set to images of folks on the streets of San Francisco to help create awareness during this holiday season.

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    By Jack Schtuff:

    Chez Robertson’s “Bird Night” commonly brings guests from a far. After one practice run, you too can add this dish to your weekly routine. It’s easy, delicious, and makes great left-overs!

    You’ll need:

    1 whole chicken (preferably organic) 4-7 pounds
    2-3 tablespoons EVOO (extra virgin olive oil
    4 medium carrots
    2 large onions
    4 celery stalks
    8 garlic cloves
    1 organic chicken broth
    2 large lemons
    4 sprigs fresh rosemary
    Blender

    First, preheat oven to 420 degrees.

    Read the rest of this entry »

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    theFrontSteps has started what might be the funniest thing to hit the SF real estate blog scene, EVER. The whole thing began from one of the most painful pictures ever published in the Nob Hill Gazette and now we have a full blown beauty contest goin’ down. One of our contributers officially made the list and another received an honorable mention and would have made the list if she was a SFAR member.

    Alright ya’ll, we want Coach A to win this one, so make sure to Vote for Greg here

    Our two hotties (click pictures for full size):

    farrah1.jpg vote.jpg

    …and the Nominees for Sexiest Realtor are [theFrontSteps]
    Vote!!! [theFrontSteps]

    55laidleystreet.jpg

    Follow-up Monday over here at SF Schtuff HQ. Goin’ through some older posts’ it was noticed that a few promised updates had to be addressed.

    From October’s $1,344.231 per square foot:
    “This listing fascinates me for several reasons:

    1. It’s a good deal of money for a very small house
    2. It’s being listed by an “online” company (redfin)
    3. This home was on the market for the exact price in May ‘07 and was never sold (withdrawn)

    I’ll be sure to report back with further details”

    Further Details:

    • Accepted offer 12/06
    • Reduced from $699K to $650K on 12/15
    • House goes back on the market 12/15

    55 Laidley Street [Home San Francisco]
    $1,344.231 per square foot!?! [San Francisco Schtuff]

    *photo courtesy of Redfin Real Estate via SFARMLS.

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    As promised, an update to our earlier post about the soggy, wet, home with a view in the Sunset that received 29 offers.

    Asking Price: $629,000
    Selling Price: $780,000
    % over asking: 24%
    $ over asking: $151,000
    Listing Agent: N. Johnson*
    Selling Agent: N. Johnson*

    The Deets (to refresh your memory):

    Read the rest of this entry »

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    Jay-Z , president and CEO of Def Jam Recordings and Roc-A-Fella Records and arguably one of the all time greatest MC’s, continues to broaden his business portfolio, adding some real estate to the mix.

    According to the New York Post, Jay-Z teamed up with a group of partners to finalize a $66 million deal for a piece of prime real estate in New York’s trendy Chelsea neighborhood, where they are considering to build an art gallery or high end hotel.

    Jay-Z Closes $66 Million Real Estate Deal [baller status]

    We want to welcome Farrah to the folks that like Schtuff. Farrah will be droppin’ some knowledge from across the bridge and is our official East Bay representation mingled with some SF knowledge.

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    By Farrah:

    Fruitvale (Oakland) vs. The Mission (San Francisco)

    Both have a deep-rooted Latin culture and some of the best Mexican food in the Bay yet nightly, the Mission teems with bar-hopping hipsters while Fruitvale’s residents settle in at home with their families, their partners or their goldfish. The fact that both are thriving due to an influx of new businesses and development makes them similar enough for some comparison.

    I interviewed two thirty-somethings - an attorney who has lived in a two bedroom house (that she owns) in Fruitvale since 2003 and my friend Gene, a Market Coordinator for a large insurance company and DJ, who has lived in a large apartment on Valencia (in the Mission) since 1999. I’ve also done a little of my own research, including many nights of drunken debauchery in the Mission and getting my grub on in various Fruitvale taquerias.

    Results:
    Neighbor hotness: Mission
    Likelihood of getting jacked: Probably Fruitvale
    Likelihood of getting swagger jacked: Mission
    Kid friendliness: Fruitvale
    Getting around: Mission
    Cool stuff to do: Mission
    Likelihood that all your neighbors are just like you: Mission
    Price: Fruitvale

    click the link below for play-by-play action…

    Read the rest of this entry »

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    For those of you looking to purchase some style for your loved ones, you may want to get over to Potrero Hill and check this fashion event out.

    THREAD SAN FRANCISCO // XMAS SHOPPING SPECIAL

    THREAD will showcase 100 fresh emerging fashion designers and artists alongside some better known brands from San Francisco and the bay area. THREAD San Francisco gives fashion adventurous the chance to pick up limited edition & hard to find pieces whilst snagging designer lines at discounted prices.

    Schtuff:

    • When: Sunday, December 16th; 12:00- 6pm
    • Where: The Galleria, 101 Henry Adam’s Street, San Francisco, 94103
    • Cost: $10 at the door / $7 if you RSVP
    • Perks: Members will get exclusive pre-view hours, juicier gift bags, free cocktails, free magazine subscriptions and discounts at the cooler stores, cafe’s, bars and restaurants in San Francisco.
    • Extras: Art show presented by ART NOW SF. Music by Kaptain Harris and DJ Rootz

    Thread SF [website]
    RSVP [Thread]


    Single-Family Homes
    District 1 Nov-06 Nov-07
    Number of Sales 13 22
    Median Selling Price 899,000 1,260,000
    Average DOM 30 35
    District 2 Nov-06 Nov-07
    Number of Sales 39 23
    Median Selling Price 775,000 839,300
    Average DOM 33 28
    District 3 Nov-06 Nov-07
    Number of Sales 23 15
    Median Selling Price 690,000 680,000
    Average DOM 51 43
    District 4 Nov-06 Nov-07
    Number of Sales 38 18
    Median Selling Price 1,002,500 858,000
    Average DOM 36 41
    District 5 Nov-06 Nov-07
    Number of Sales 31 33
    Median Selling Price 1,335,000 1,390,000
    Average DOM 37 30
    District 6 Nov-06 Nov-07
    Number of Sales 2 7
    Median Selling Price 1,113,750 1,825,000
    Average DOM 43 32
    District 7 Nov-06 Nov-07
    Number of Sales 9 10
    Median Selling Price 2,100,000 2,762,500
    Average DOM 48 33
    District 8 Nov-06 Nov-07
    Number of Sales 1 0
    Median Selling Price 12,000,000
    Average DOM 178
    District 9 Nov-06 Nov-07
    Number of Sales 20 23
    Median Selling Price 845,000 850,000
    Average DOM 36 35
    District 10 Nov-06 Nov-07
    Number of Sales 57 24
    Median Selling Price 690,000 608,600
    Average DOM 47 63

    Data Provided San Francisco Association of Realtors

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    I don’t take bath’s, but if I had the bath shown above–which happens to reside at 300 Sea Cliff in the Sea Cliff district of San Francisco–I’d get myself some Mr. Bubbles and chill all day.

    House Deets:

    • Built in 1936
    • 5 bedrooms/6.5 Bathrooms
    • 9436 Square feet
    • 4 car parking
    • Swanky Sea Cliff address
    • Price: $22,000,000 (reduced from $25,900,000)
    • Active for 341 Days
    • Previously unsuccessfully listed (not sold) for 1,396 days
    • $8,000,000 renovation took place
    • You can hear the Pacific Ocean crashing from almost every room.
    • HUGE views
    • The house is owned by Joan Waitt, wife of Gateway Computer founder Ted Waitt. Earlier attempts to sell it didn’t work, so she sunk another $8 million in remodeling, and now it’s on the market again.
    • Has not been lived in in year–what a waste!!!

    300 Sea Cliff Ave. [Home San Francisco]
    $26M Mansion For Sale [cbs5.com]

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    By Coach A:

    The Commodore 64 Turns 25!

    That’s right – today marks the 25th anniversary of my first “gaming” system. I, like many tried to hoodwink my parents into thinking I had legitimate interest in the “computer” aspect of the new technology – but Walt and Beth saw through that. I had to pay for it myself – and I did!

    Happy Birthday Commodore 64

    Some of my favorite games:
    Leaderboard Golf
    Summer Games
    Castle Wolfenstein
    One on One – Julius vs Bird
    SpyHunter

    what games are we missing?

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    Now the fancy, tech-heavy part of the building process is taking place at One Rincon Hill with the installation of “intelligent elevators” and the sort.

    Elevator Deets:

    • travel at 1,200 feet per/min (2nd fastest in sF just behind BofA building)
    • 4 total in building (versus 38 in the Bank of America building)
    • “smartest” in the city
    • moves 61 floors in 26 seconds–that’s ear poppin’ speed

    Factoid:
    According the to SFGate, “The One Rincon tower now under construction has a footprint of 9,800 square feet - less than a quarter of an acre. One football field = one acre. Monster park Candlestick, you better watch your back.

    Elevators with brains [SFGate]
    Bathroom With a View at 1 Rincon Hill [SanFrancisco Schtuff]
    60th And Last [SanFrancisco Schtuff]
    One Rincon Elevators Have Brains, Will Travel [Curbed SF]

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    Have a good weekend.

    For an open house list, email [email protected]

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    Sit in the comfort of your San Francisco living room and watch one of the most anticipated fights of the year taking place in Las Vegas.  Floyd Mayweather vs. Ricky Hatton, 12 rounds, for Mayweather’s Ring/WBC welterweight title.

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    We’ve been watching the soil get tossed around in the Inner Sunset for the last 8 months or so, but we’re still lacking the deets. Anybody care to share their brilliance? What we know merely from passing by and examining pictures is that there are two shell-like Victorian homes that rest on the back of the lot and are propped up on stilts. The lot was fairly flat and the earth was about as high as street level.

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    The digging down started and now it smells like parking (above).

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    Some concrete was laid and now it tastes like foundation (above).

    It’s a sizable project and we can look up some permit information, but are missing crucial block numbers. Don’t be shy–let us in if you have any information.

    7th Ave Near Irving [SanFranciscoSchtuff]

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    This partially painted house was spotted today and it just had to get blasted. You’ll notice there is still one more side of the house that needs to get painted, but wholly crap, that may be the ugliest paint job I’ve ever seen! This blog is not intended to call people or houses out, but the poor thing really deserved some attention…

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    By Jilly:

    So far this Holiday season, online retail sales have jumped 30% over last year’s total volume (according to statistics from the Chase Paymentech Pulse Index).

    Online sales volumes over the post-Thanksgiving weekend were up 38% year-on-year according to the index. On “Cyber Monday,” while we were all at work, sales volumes for 10 retail websites tracked by Chase reached $104.8 million!

    Based on this late November / early December activity- consumers are expected to leverage the value and convenience of online shopping. According to President and CEO of Chase Paymentech ; “If previous years’ results are to be used as a barometer, we will see an increase of last-minute shopping taking place from December 18- 20, as Americans place orders that can be delivered in time for the Christmas holiday.” With all these sale notifications littering my email inbox lately, I’m not surprised! Allright, I gotta get back to shopping…oops, I mean work.

    Paymentech Index [Chase]
    Image: Abandon Cart [Flikr user CrazyBobcat]

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    There was once a cute little green house on the 400 block of Cortland Avenue that was smushed in between to larger buildings. The two larger buildings never allowed the poor little green building much sun and the little green building never served passers bye with treats like The Wild Side West to the left and Liberty Cafe to the right does. What does that mean in the ‘07? Knock that b*tch down! No, no, just raise it up and blow it out. Noe Valley, watch out–Bernal is right behind you…

    Speak now or forever hold your peace, the public hearing is scheduled for December 13th at 9:30am at city hall. holla.

    24th Street Retail [SanFranciscoSchtuff]

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    We are crossing the Golden Gate Bridge this morning for this one. Community Action Marin, a private non-profit social service agency is raffling a $2.1 million Marin Dream House overlooking the Bay. Proceeds from the raffle benefit Community Action Marin in its continued efforts to meet the needs of the poor and disadvantaged people in Marin County.

    Raffle Schtuff:

    • Tickets are $150.
    • Grand Prize winner chooses either the Dream House or $1.7 million in cash.
    • 349 other prizes are also available. 1 in 100 chance to win a prize.
    • $150 helps support local social services in Marin and enters you into the raffle for a chance to win this $2,100,000 home.

    House Schtuff:

    Read the rest of this entry »

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    Macy’s San Francisco is making shopping easier and healthier with Apple’s. In the basement level (just past the food court before you enter the housewares department) they have an Apple iPod vending machine! This machine is futuristic (or something you’d see in Japan) as hell! You’ll notice from the picture above, people trust it and use it! The screen is amazingly simple to use, the products are packaged in all the finest materials that will never break down in a landfill but look sweet as [eye] candy and without a nagging salesperson by your side, you can be in and out, iPod in hand in moments. Simply fascinating.

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    A beautifully restored Victorian home on the corner of Dolores and 24th has gone solar. The picture is pretty damn crappy, so some filters were thrown over it to mask the crappiness, but you get the gist–40 panels on the southern facing portion of the roof = everybody’s favorite color: greeeeeen. It’s not only homes that are sportin’ the panels these days, PG&E just unvailed their power generating billboard.

    PG&E Solar Billboard Revealed [Curbed SF]

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    The worst part about the Tahoe trip is the drive itself–gas, traffic, nagging friends in the back. Let somebody else do the driving for you so you can sit back and warm the belly with some peppermint schnapps. The flat-screen equipped Bay Area Ski Bus will plan and drive for you–let them! The BASB has stops in SF, Marin, and the North/South/East Bays and makes round-trip jaunts to Tahoe’s best resorts three days a week: Saturday and Sunday, plus one floating weekday. For $99 bucks, you get a ticket which includes a lift pass, breakfast, snacks, and apres-ski beer, wine and energy drinks from Red Bull. Don’t have your own gear, fear not, Bay Area Ski Buss will directly rent you ski/snowboard equipment, converting rental-shop-waiting-time into groin-tear convalescence time.

    Bay Area Ski Bus [website]

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    By Jack Schtuff:

    Almost a month ago the Cosco Busan spilled fuel into San Francisco Bay. An article featured in the Half Moon Bay Review describes the effect on the local crab industry.

    Schtuff as of last week:

    • Gallons of oil discharged: 58,000
    • Gallons of oil recovered to date: 19,466
    • Gallons evaporated: approximately 4,060
    • Total birds captured: 1,039
    • Total birds cleaned: 681
    • Total birds released: 73
    • Number of birds that have died: 1,682
    • For more info: CoscoBusanIncident.com
    • To report oil sightings: (415) 398-9617

    I ran into a gal from the Fish & Game Dept. a few days ago that mentioned the release of 50 more birds. Those that have volunteered time for the clean-up effort deserve a pat on the back for caring about the environment. Good work!

    Local Crab Fisherman leads class action [Half Moon Bay Review]

    make a comment

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    We don’t have much to say about this living room, we just wanted to share this picture (which was provided courtesy of the MLS)! A wax figure of Lucille Ball is stored in the garage…

    Deets:
    Single family home in Monterey Heights
    4 beds/ 3 baths/ 2810 Square feet
    29 Days on Market
    $1.474mm

    287 Brentwood Ave [Home San Francisco]

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    The real estate journal The Registry named Arterra among San Francisco’s most cutting-edge green projects. Click here to download the article from the December issue.

    Many of Arterra’s “green” attributes are evident in the construction process, including the use of Trespa, an exterior cladding made with end-of-lifecycle material that not only covers the building’s surface and lends it color and texture, but also serves as part of a rain screen system that protects the building and improves interior air quality.

    The Arterra is scheduled for completion and homeowner move-ins in mid 2008.

    Arterra [webiste]
    The Registry [newsletter PDF]

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    By Jilly:

    Hey ya’ll, check it out Tomorrow: Chillin’ Productions at Mezzanine:

    This event is a really good time and a terrific chance to see a lot of art and design, listen to great music and celebrate everything good in the world. One of my favorite SF local print artists Hilary Williams will be there flaunting her stuff, along with a gazillion other artists, filmmakers, and fashion designers.

    Schtuff:
    Where: Mezzanine (444 Jessie Street)
    When: Saturday Dec. 1 from 8:00pm -2:00am
    Cover: $6 before 10:00pm $7 after
    Age: Must be 21+ ID

    Chillin‘ [website]
    Mezzanine [website]

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    It’s not San Francisco, but it is fascinating and real! The home you see above is hand crafted and lived in by the architect and his family. It was built “with maximum regard for the environment and by reciprocation gives a unique opportunity to live close to nature.” The location and planning were paramount in the functional design and about 1000-1500 man hours and £3000 (uuhh, even with the weak-ass greenback, that’s really cheap, right?) were put in to the home after the design phase.

    The architect and eight other families and individuals have bought a plot of land in Pembrokeshire, SW Wales to crate what will be Wales’ first self build eco-village. According to the website, “each family will buy a 5 acre plot for the first phase of the village. We will have planning permission to build on the plot under Pembrokeshire’s new planning guidance for low impact development which ties us to strict environmental best practice and working the land for our basic livelihood.”

    This exciting opportunity is open throughout the county to anyone (who’s in??). It’s not too late to join the second phase of the eco-village as plots will be up for grabs in 2-5 years.

    Home made, very low impact home [A Low Impact Woodland Home]
    Building Plans [A low Impact Woodland Home]
    Process and Pictures [A Low Impact Woodland Home]
    Sustainable Living… [Real Estate, SF, Money, Living…]

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    By Coach A:

    NOTICE to all 175 Bluxome St owners:
    You should have an HOA meeting to discuss how a bizarre range of pricing in your building hurts the value of all units. You can’t expect to build value in a building when 7 units are on the market at the same time – ¾ of which aren’t visible in the MLS and the price per square foot discrepancy makes no sense at all.

    For Sale at 175 Bluxome Street:
    7 “Active Units” on the market
    2 of the units are in the MLS
    5 of the units are “pocket” listings, listed by the same realty group.
    5 of the pocket listings do not display square footage on their website.

    Read the rest of this entry »

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    If you’d like a more complete list of a particular neighborhood, write [email protected] and let us know which ‘hood you have interest in.

    Ashbury Heights: 2:00-4:00pm
    1948 Willard Street: $950K

    Bernal Heights: 1:00-5:00pm
    45 Prospect Ave: $729K

    Corona Heights: 12:00-2:00pm
    171 Saturn Street: $1.425mm

    Dolores Heights: 1:00-4:00pm
    169 Grand View Ave: $879,888

    Excelsior: 2:00-4:00pm
    89 Naples Street: $675K

    Francis Wood (Saint): 2:00-4:00pm
    190 San Pablo Ave.: $3.8mm

    Glen Park: 2:00-4:00pm
    156 Arbor Street: $749,500

    Haight Ashbury: 2:00-4:00pm
    1580 Masonic Ave.: $2.995mm

    Read the rest of this entry »

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    By Jack Schtuff:

    This is one of the easiest snacks - sure to be a holiday favorite. This is also a great gift idea for your foody friends and family.

    You’ll need:

    1 cup unsalted walnuts
    1 cup unsalted pecans
    1 cup unsalted cashews
    1 cup unsalted almonds
    1/2 teaspoon ground cumin
    1/2 teaspoon cayenne pepper
    1 teaspoon ground cinnamon
    4 tablespoons unsalted butter
    8 tablespoons brown sugar
    1 tablespoon water
    2 teaspoon salt

    Read the rest of this entry »


    Condominiums
    District 1 Oct-06 Oct-07
    Number of Sales 15 7
    Median Selling Price 701,000 779,000
    Average DOM 33 25
    District 2 Oct-06 Oct-07
    Number of Sales 0 2
    Median Selling Price 752,500
    Average DOM 27
    District 3 Oct-06 Oct-07
    Number of Sales 3 0
    Median Selling Price 595,000
    Average DOM 22
    District 4 Oct-06 Oct-07
    Number of Sales 2 5
    Median Selling Price 466,500 600,000
    Average DOM 47 30
    District 5 Oct-06 Oct-07
    Number of Sales 28 31
    Median Selling Price 785,000 891,000
    Average DOM 34 37
    District 6 Oct-06 Oct-07
    Number of Sales 15 28
    Median Selling Price 692,000 742,500
    Average DOM 40 36
    District 7 Oct-06 Oct-07
    Number of Sales 20 28
    Median Selling Price 950,000 1,400,000
    Average DOM 46 35
    District 8 Oct-06 Oct-07
    Number of Sales 38 30
    Median Selling Price 782,500 772,000
    Average DOM 45 45
    District 9 Oct-06 Oct-07
    Number of Sales 34 46
    Median Selling Price 702,500 669,000
    Average DOM 49 39
    District 10 Oct-06 Oct-07
    Number of Sales 2 8
    Median Selling Price 454,299 353,500
    Average DOM 24 39

    Data Provided by San Francisco Association of Realtors

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    By Jilly:

    Perpetually cool, Japanese fashion design can’t fail to inspire even the most fashion clueless.

    A current exhibit at the Asian Art Museum in San Francisco is showcasing the works of Japanese Fashion Designers Rei Kawakubo, Issey Miyake, and Yohji Yamamoto from 1983-present. Go see it. Even if you aren’t a fan of haute couture, or claim not to “understand” it, this is a show worth checking out. The garments elegantly blur the lines between fashion and art creating a sculptural impact that is just plain sexy.

    On that note, fellas, let your lady know that you’re in the know. Throw on your Mihara Yasuhiro sneakers, grab a bottle of nice sake to sip and take a hot date there! You won’t be sorry.

    Schtuff:
    Asian Art Museum
    200 Larkin Street
    Open: Daily 10am-5pm, Thursday until 9pm, closed Mondays
    Entry: $12
    Exhibit is running until Jan. 6th.

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    It’s been a ride that everybody has enjoyed watching. The ups and downs and all the drama associated with the sale of the independent real estate brokerage to a larger evil corporate firm then the subsequent sale of the home and office of team Droubi. There has been talk around town, both in real estate circles and beyond surrounding this house, the sale and the sale of the company. The transaction closed escrow on November 9, 2007.

    The Deets:
    Listing Price: $3,495,000
    Lowered 26 day later to $2,995,000
    Lowered 51 days later to $2,595,00
    Sold 33 days later for $2,350,000
    4 beds / 2 baths
    2960 sq. ft.
    constant smell of burgers from Barney’s

    *image courtesy of the MLS
    4128 24th Street [MLS]

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    It’s obvious that the real estate landscape has changed in the United States, California and even, dare I say, San Francisco…

    What is beyond fascinating however are examples like 1851 26th Ave. Despite its horrifically pink exterior, this home doesn’t look so bad from the outside. It has unobstructed ocean views, views of the Golden Gate Bridge, large back yard and a ton of space both upstairs and downstairs to add value.

    The Deets:
    Built in 1939 (on the early side for the Sunset subdivisions)
    3 beds/ 2 baths
    1175 square feet
    List Price: $629K
    Days on Market: offers accepted after 2 weeks
    Wet as a sponge (see below)

    The inside of the house was a different story. I’ve walked into a lot of homes in my day–some of which required hard-hats and safety waivers, but I have yet to see a home as wet and soggy as this one. There was water coming in from every crevice. Leaking through the (probably) 50 year old roof creating holes in the ceiling, mold in the corners and dry-rot throughout.

    So, with the softening market and the abundance of inventory, one may think that this “contractors special” would sit or sell for way under the asking price. Wrong. This house received 29 Offers on the offer date (29?!?!?! so 2005) and the accepted bid was for over the asking price.

    We’ll keep you posted when we obtain the final sales price.

    [update: Click Here to find out how much the home sold for and some other interesting sales tidbits]

    1851 26th Ave. [Home San Francisco]

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    This one goes out to our single readers:

    Online dating has been described as “efficient, nerdy, scandalous, pathetic, progressive, painful, sexy, mysterious, pitiful and fun.” The fact is, in San Francisco, singles are busy. There is so much to do between work, drink, shopping, gossiping, and blogging–who really has the time to meet somebody in person any more–that’s so 1992! Some late adopters have opted towards speed dating as their keyboard skills are sub par.

    Now, you can have both! San Francisco based WooMe is a new service backed by a Skype founder (uh, did they use the same person to create the logo too?) and has become the rapid fire of dating as you can mow through up to 5 people in 5 minutes via voice and video chat sessions. To find an interested mate, a user browses through forums like “Let’s Party,” and “Jesus is Coming” or they can create their own.

    For $1, WooMe will pass your contact information off to the person that you hit it off with and the two of you can live happily ever after in San Francisco cyber bliss.

    Most sessions run between 7-11pm; a webcam’s optimal but not required.

    WooMe.com [website]

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    Over the year, Apple Inc. has revamped its stores, changed the layout, added services and increased its staffing. The “concierge” service that Apple launched last week is the latest initiative designed to draw more visitors and bolster already record-breaking sales.

    According to SFGate, the new Apple stores boast “clipboard-carrying concierges [that] greet customers at the door to direct them to the right section of the store or to the personal shopper or trainer with whom they had made an appointment.” The registers have been removed from the stores and the employees carry a portable scanner in a super hip, hip holster. Receipts are e-mailed on the spot or, if the customer prefers, a paper version emerges from printers hidden underneath display tables. So, where is the shopper with enough gull to use cold hard cash supposed to pay? Though there may be delay for cash and check payers, you’ll be escorted to a cold, dirty dungeon where you can fork up your bucks believe it or not, Apple still knows that Cash Rules Everything Around Me.

    This is like a Visa commercial where the repetitive music creates machine like buying precision, consumers consume quickly, remain organized, buy, buy buy, but one annoying sucker decides to pay with a check or god forbid, cash! This dirty payment method throws everybody off and the clockwork of the shoppers comes to a screeching halt until the ol’ plastic comes out.

    Apple Stores Revamp for Holidays [SFGate]
    SF Apple Store [Apple]
    C.R.E.A.M. [YouTube]

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    By E-Manny:

    I almost gave it 4 stars because the service was a little slow, but then I was reminded of the incredible foie gras that I devoured and decided that five stars it is! The dish included both the mousse and the pate version of foie gras and my friend and I were both fighting for the last bites. The baked oysters were nothing to write home about. The wine though was excellent, an interesting and varied list, which made me have a few glasses too many. The atmosphere is fabulous, the space is large with floor to ceiling windows in the bustling SOMA.

    Salt House Restaurant & Bar [website]

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    By Jack Schtuff:

    This is an easy way to warm up a cold night or impress your date with a little culinary genious.

    You’ll need:

    8 cups chicken broth
    4 tablespoons soy sauce
    2 tablespoons mirin
    1 teaspoon sesame oil, plus another
    1 tablespoon sugar
    4 tablespoons rice vinegar
    1 teaspoon chili paste
    2 or 3 cloves garlic
    2 tablespoons ginger
    2 cups bok choy
    2 cups celery
    2 cups Napa cabbage
    2 cup bean sprouts
    1 cup fresh chopped cilantro
    6 scallions chopped small

    Read the rest of this entry »

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    The Schtuff crew is going on holiday. We hope all our readers enjoy the time off and we look forward to seeing you again next week…

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    By Matty P:

    SAN FRANCISCO, CA–What do you get when you combine sex, drugs, rock ‘n’ roll and Santa? A collective holiday spirit the likes of which even Rudolph has never encountered! Santacon 2007 is coming to San Francisco. Dust off that old Santa suit you used to scare the children with and get your yule tide on!

    Every December for over a decade, Cacophonic Santa’s have terrorized conventional wisdom by staging events covering the globe. From Portland, Oregon to the Ukraine, St. Nicks have traveled far and wide for this ritual of intoxication and most importantly–giving.

    Schedule:
    12:00pm: Meet Santa’s at the Ferry Building as they head to the Castro.
    2:30pm: Gathering at Zeitgeist
    3:30pm: Santarchy!
    10:00pm: After-party at Anon Salon (Santa’s get in for $5 with password which will be distributed at the last bar)

    Bring:
    toys
    mistletoe
    beer money
    drinking vessel
    lube (the reindeer can get freaky if you know what I mean)
    comfortable shoes
    musical instrument or noisemaker
    healthy set of pipes because there’ll be some caroling out in those streets!

    Rules:
    1. Don’t f*ck with kids. The holidays are hard enough on the little bastards.
    2. Don’t f*ck with the police. They might fuck with you.
    3. Don’t f*ck with security. They will call the police (see rule #2)
    4. Don’t f*ck with Santa. He will ABSOLUTELY f*ck you in the ass.

    Santa will be staked out on the Anon Salon roof deck and party patrons will be notified that Santa’s lap will be available for sitting - whether they’ve been naughty OR nice.

    So…enjoy the festive, friendly confines of Thanksgiving. This Christmas will bring a Santa Invasion. Nothing can stop the red tide!

    Santarchy & Santacon [website]
    The Cacophony Society [website]
    Santacon 2007 [laughing squid]
    Red Tide [Wikipedia]

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    By Coach A:

    Back in the day when Gtwice was a blogging force, we adopted Brewster Million’s rules and had to spend a set amount. We’re bringing it back with a twist. I’m providing the Schtuff crew several choices – of course I’m going to give my two cents! Without further ado:

    Spend: $975,000 - $1,025,000

    Choice # 1: 18 Lansing St # 402
    Choice # 2: 55 Uranus
    Choice # 3: 141 Westwood
    Choice # 4: 591 29th Ave

    For details including size, price, comparables, pictures and opinion, click through…

    Read the rest of this entry »

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    Our friends at theFrontSteps have an all out battle goin’ down and we’d like to hear what you have to say. Are you old school or new school SF? To keep all the comments in one strand, we’ve disabled comments on this post, instead, click here to be heard! Put on your gloves and battle it out…

    Battle Royale: North Beach or South Beach, if you had to choose [theFrontSteps]

    This video blows me (and the sirens) away! It takes place on January 1, 1951 on Market at 5th and the interviewer talks to folks passing by about what is to come in good ol’ 1951. Today, we are all familiar with the Tuesday at noon sirens that still blow (I thought that meant lunch time). According to this video, we should duck! 1/1/51 was the first day the sirens were sounded. The exercise took place at 11am and the “all clear” was sounded at 11:15am. If you heard these sirens at any time other than Friday at 11, you were supposed to stop, drop and roll.

    Things to note:

    • Men on Market and 5th are wearing suits, ties and hats (even the guy out of work that doesn’t want a job!)
    • People had no personality in 1951
    • Peoples’ jobs were different, “rail road man” and “clothing business”
    • The student at Lowell High School was well mannered
    • The stores on Market Street consisted of Penny’s and other fine retailers–where did you go to see naked ladies?

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    Dash GPS announced that they are providing an open API for mashing up the Cellular-equipped navigator with webapps. Here’s the first live demo of Dash being used to drive through a neighborhood and call up the price and details on every house on the street using Zillow.com’s Database. What’s cooler is that they’ve got craigslist, yahoo! search and other plugins for the Spring launch.

    From what we understand, you can use this handy device for all sorts of our favorite mashups: rottenneighbor, rentometer, Craigslist, thebeerhunter, and all the other open source maps your heart desires.

    Dash [website]

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    What: Official opening ceremony
    When: Friday 11/16 from 10am to noon.
    Who: The Mayor
    For: the people

    And for you Über minty hipsters, make sure you stick around for the after party: fridaynightlive…
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    When: Friday from 5pm – 8pm
    Where: 54 Mint Lounge (Jessie at Mint Streets at 5th) adjacent to historic U.S. Mint; indoor/outdoor.
    Who: DJ Magnum (?), Downtempo Trip Sutro, Hot-Dog Kiosk, Ian Ross (live painting)
    For: the people

    Mint Plaza [website]

    Plaza Design [the Mint]
    Green Design [the Mint]
    Today and Future [the Mint]
    It’s Your Plaza!!! [the Mint]

    Lofts [Martin Building Company]
    Shopping [Westfield]

    Food [Eater SF]

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    Does your San Francisco home have a small kitchen? Did your landlord forget to put a garbage disposal in your sink? Is your cooking space trapped in 1952? Perhaps it’s time you thought about getting your very own Sous Chef to do all the shoppin’ and choppin’.

    Cook SF is probably the best chance you have to get fresh, pre-measured, pre-chopped food without hiring another staff member (most of our readers have full time staff).

    Here is how it works:
    Cook SF will deliver fresh ingredients with simple instructions, ready to cook for a delicious dinner! You can select from a menu of entrees, salads, soups and desserts and choose your delivery location for the coming week or month. Menus change weekly, with two main course options available, including vegetarian and low-fat. They can be selected two days to four weeks in advance with everything delivered in lightweight chilled cooler bags.

    No time to put together the perfect Thanksgiving Feast? Cook SF can help you with fresh organic, free-range turkey prepped and ready-to-cook with all the trimmings and sides.

    A complete Thanksgiving Feast for 8-10 people is only $249.

    Cook SF [website]


    Single-Family Homes
    District 1 Oct-06 Oct-07
    Number of Sales 22 19
    Median Selling Price 1,237,500 1,625,000
    Average DOM 35 32
    District 2 Oct-06 Oct-07
    Number of Sales 41 34
    Median Selling Price 805,000 802,000
    Average DOM 36 35
    District 3 Oct-06 Oct-07
    Number of Sales 26 13
    Median Selling Price 735,000 700,000
    Average DOM 45 47
    District 4 Oct-06 Oct-07
    Number of Sales 28 36
    Median Selling Price 980,000 1,001,500
    Average DOM 52 36
    District 5 Oct-06 Oct-07
    Number of Sales 30 26
    Median Selling Price 1,287,500 1,338,000
    Average DOM 29 16
    District 6 Oct-06 Oct-07
    Number of Sales 8 3
    Median Selling Price 1,380,000 1,710,000
    Average DOM 35 23
    District 7 Oct-06 Oct-07
    Number of Sales 16 10
    Median Selling Price 2,825,000 3,575,000
    Average DOM 33 34
    District 8 Oct-06 Oct-07
    Number of Sales 3 1
    Median Selling Price 1,565,000 5,939,000
    Average DOM 26 39
    District 9 Oct-06 Oct-07
    Number of Sales 24 17
    Median Selling Price 775,000 949,000
    Average DOM 44 32
    District 10 Oct-06 Oct-07
    Number of Sales 51 39
    Median Selling Price 715,000 635,000
    Average DOM 45 59

    Information provided by the San Francisco Association of Realtors

    officedriers.jpg
    living.jpg

    It feels good to be Home!

    After a two month stint following the Cortland/Bennington flood of ‘07, Home San Francisco’s doors are re-opened and the directors are calling “take 2.”

    How it happened:

    February 1: Home San Francisco opens its doors at 399 Cortland Ave.
    September 8: A water main erupts in Bernal Heights flooding 3 businesses at the Cortland/Bennington intersection
    September 9: The city sends an emergency drying crew in to gut the office and set up massive industrial dryers.
    September 9-23: The cleanup continued which included opening all of our walls, removing all carpet and furniture, power-washing, mold tests, etc.
    September 24: Another “flood aftershock” takes place as the city realizes that a swath of pipe below the intersection is filled solid with concrete!!
    September 26: The floor in our office is dug out 6 feet down while a pile of mud sat in the middle of our space for 5 days
    September 30: Clean-up/dry out completes.
    October 1: rebuild begins
    November 1: We’re BACK!

    It’s been a slightly agonizing and challenging time. Running a small business in San Francisco is never easy, then throw a flood in the mix, things get infinitely more challenging. We’ve now built our office two times in 2007 (practice makes perfect) which is our first year in business.

    Here is to a drier 2008!

    openhouse.jpg

    If you’d like a more complete list of a particular neighborhood, write [email protected] and let us know which ‘hood you have interest in.

    Ashbury Heights: 2:00-4:00pm
    224 Upper Terrace: $3.175mm

    Bernal Heights: 1:00-3:00pm
    50 Roscoe Street: $549K

    Corona Heights: 1:00-4:00pm
    39 Ord Street: $899K

    Dolores Heights: 2:00-4:00pm
    65 Caselli Ave: $2.295mm

    Excelsior: 1:00-3:00pm
    61 Naples Street: $595K

    Freddie Mac in the news

    Glen Park: 2:00-4:00pm
    89 Miguel St: $2.495mm

    Read the rest of this entry »


    2-4 Units
    District 1 Sep-06 Sep-07
    Number of Sales 8 6
    Median Selling Price 1,044,000 1,252,500
    Average DOM 43 50
    District 2 Sep-06 Sep-07
    Number of Sales 11 2
    Median Selling Price 1,050,000 1,482,500
    Average DOM 30 90
    District 3 Sep-06 Sep-07
    Number of Sales 0 0
    Median Selling Price
    Average DOM
    District 4 Sep-06 Sep-07
    Number of Sales 0 1
    Median Selling Price 1,500,000
    Average DOM 131
    District 5 Sep-06 Sep-07
    Number of Sales 10 5
    Median Selling Price 1,367,500 1,625,000
    Average DOM 44 45
    District 6 Sep-06 Sep-07
    Number of Sales 8 5
    Median Selling Price 1,214,500 1,199,000
    Average DOM 76 31
    District 7 Sep-06 Sep-07
    Number of Sales 5 2
    Median Selling Price 1,830,000 2,163,500
    Average DOM 52 20
    District 8 Sep-06 Sep-07
    Number of Sales 3 1
    Median Selling Price 1,385,000 2,900,000
    Average DOM 51 25
    District 9 Sep-06 Sep-07
    Number of Sales 9 8
    Median Selling Price 1,100,000 1,117,500
    Average DOM 61 27
    District 10 Sep-06 Sep-07
    Number of Sales 0 0
    Median Selling Price
    Average DOM

    Data provided by the San Francisco Association of Realtors

    stuffing.jpg

    Our resident chef will be bringing us savory and tantalizing Schtuffed recipe’s–be sure to try them out, they are GOOD.

    jackschtuffsized1.jpg
    By Jack Schtuff:

    You’ll need:

    1 cup butter
    1 large yellow onion, chopped
    3 medium shallots, chopped fine
    5 stalks celery, washed & chopped
    3 tablespoons poultry seasoning
    1 teaspoon salt and pepper to taste
    1 ½ cups Turkey broth (substitute Organics chicken broth) ¼ cup parsley, chopped fine
    1 egg

    Read the rest of this entry »

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    From a document we obtained that has San Francisco Supervisor Ammiano’s name on it, we’ve learned that there is a moratorium on building anything in the Brewster/Joy neighborhood of Bernal Heights for at least 18 months. There is very specific language in the document, citing “significant problems pertaining to outdated and unimproved infrastructure, fire protection services, soil erosion, emergency vehicle access, parking, loss of open space, and degradation of neighborhood character.” “The Brewster/Joy neighborhood continues to have sewer flooding and backflow problems. Winter storms regularly flood the area of Brester and Holladay Streets. In 2005 there was a category 3 sewage backflow at 18 Joy Street.” The document goes on to speak of other specific examples including fires and the inability to get emergency vehicles through, significant soil erosion and a lack of retaining walls.

    Why do we care?

    Read the rest of this entry »

    collegeave.jpg

    314 College Ave. in Bernal Heights
    4 beds
    2 baths
    1975 square feet
    2 car parking

    Listed at $1,079,000 on 9/10/07
    Sells for $40,000 on 11/03/07

    *image courtesy of MLS
    (This information was provided by the MLS and may contain inaccuracies)

    [update: The agent forgot to put the “1″ in front. This actually sold for $1.040mm]

    vote.jpg

    Tuesday, November 6, 2007
    Municipal Election Polls open from 7:00am to 8:00pm

    Information on the November 6, 2007 Municipal Elections [sf.org]
    Department of Elections [sf.org]

    bandbacademy.jpg

    Inside the dark and generic building that sits on an busy corner in the Tenderloin, you’ll find a warm, quiet beverage club that transforms time, space and sound into the 1930’s. Without going into too much detail about this secretive and deliciously seductive speakeasy, we recommend checking out their less-private library for mixology classes. The Academy’s a series of intimate, 16-student sessions, each focusing on a single spirit: gin, tequila, scotch, and whiskey. At your own stocked workstation, you’ll begin by learning the history of the liquor, how it’s made, and relevant laws and rules. Classes are filling up quickly (in fact, it seems all of the next sessions are full, but they are starting to take reservations for their following series). Bourbon & Branch is an intimate, sexy and pure Schtuff Favorite.

    Bourbon & Branch Beverage Academy [website]

    701minna.jpg

    After the post at theFrontSteps (Internet Marketing for Real Estate 101) today, the timing of the newly listed loft at 701 Minna St. could not have been better. 701 Minna Street is a loft building that was completed in 1999. It resides on the small, alley-like street of Minna inbetween 7th St/8th St and Mission St/Howard St.

    The current listing of unit #19 came on the market today for $1.195 million, which is the most expensive home ever to be listed in this building in a market that is “softer” than sF has been used to since 1999. This loft has 2 bedrooms, 2.5 bathrooms and is 1781 square feet ($670.97/sq ft). This listing went in the MLS today with NO photo’s! Oh, Mr. Real Estate Agent, what does this home look like? Why is it priced so high? Is there something hidden special inside?

    A comment from Internet Marketing for Real Estate 101 notes:

    “As a recent purchaser I can attest to this. If the “photos not available” message is displayed in the email notification I erased the email without bothering to glance at the listing. It always amazed me when sellers did this. I assume they believed they were in a sellers market and would receive multiple offers regardless of how poor the marketing was.”

    Does this location, price and lack of photo’s temp you to go see this “spacious, bright” unit?

    701 Minna Street #19 [mls]
    Internet Marketing for Real Estate 101 [theFrontSteps]

    openhousesmile.jpg

    Ashbury Heights: 2:00-4:00pm
    30 Loma Vista Drive: $1.250mm

    Bernal Heights: 1:00-3:00pm
    527 Holly Park Circle: $849K

    Cole Valley: 2:00-4:00pm
    753 Clayton Street #753: $1.039mm

    Dolores Heights: 1:30-4:30pm
    462 Diamond Street: $1.399mm

    Excelsior: 2:00-4:00pm
    535 Athens Street: $700K

    Financial District: 2:00-4:00pm
    170 Pacific #19: $1.549mm

    Glen Park: (no time mentioned in MLS)
    525 Laidley St.: $1.295mm

    H is for Halloween en español, aka
    Dia De Los Muertos

    Ingleside Heights: 2:00-4:00PM
    379 Orizaba Ave: $640K

    Jeff Duncan-Andrade

    Read the rest of this entry »

    jetsonsbunny.jpg

    sense1.jpgggoldman.jpgBy SENSE & GTwice:

    This gidget gazmo bunny rabbit is exactly the kind of web 2.0 meets techno nerd product that has us closer than ever to having our everyday lives mirror one of my favorite cartoons growing up (I still want one of those shower/dress me machines). I am not normally excessively gadget-centric… but am real tempted to have one of these not so furry bunny rabbits on my desk at work.

    Things this Raver Rabbit does:

    • Wi-Fi enabled so it gathers information from around the Internet and reads it for you (who really has time to read any more?)
    • It reads the latest headlines every 20 minutes (You blog junkies can get your dose every 20!).
    • Has a microphone on its navel so you can talk to your rabbit (”Rabbit, it’s turning me on to be so close to your groin.”)
    • Send voice messages to other Nabaztag owners by speaking into its navel (”hello, can you hear me? I’m talking in my rabbits’ navel and he’s been a bit gassy today”).
    • Easily streams music or plays podcasts you find on the Web for an unlimited time (UNLIMITED!).
    • Has an audio output on his back so you can connect headphones or speakers (talk in his belly and cast out his back–hot!).
    • If you happen to own an iDog, you can plug him into Nabaztag so he too can read messages or play music (damn, i only have an iPhone, I guess I know what I’m gettin’ for Festivus)
    • Nabaztag can “sniff” objects. The new Nabaztag has an RFID tag reader in his nose, so he can recognize objects embedded with NabZtamps stickers (what the hell is a NabZtamps sticker and do I really want him “sniffin’ ” anything?)
    • The little genius speaks 16 languages, including Spanish, French, German, Swedish, Dutch, Portuguese and English.

    The bunny costs anywhere between $99-$179 (depending on the version).

    NaBazTag [website]
    Hands-On Nabaztag 2 Wi-Fi Rabbit [Yahoo! Tech]

    anzaout1.jpg

    coopdadupdate.jpg
    By Coach A:

    2832-2834 Anza Street
    Price: $1,150,000

    Two unit building - each unit is approximately 1650 square feet and consists of 2+ bedrooms, 1 bath, large living room, big kitchens and tons of 1920 detailing. Add 2+ car garage with additional storage and a shared back yard and the building sits on a quiet block in the Richmond district within walking distance of a ton of amenities.

    Upper unit is vacant- full disclosure: an elderly man died of natural causes in the space.

    Lower unit is rented for $1200.00 a month on a month-to-month basis; the tenant has yet to respond so we don’t know if they are protected.

    Here’s what I would do with this space:

    Read the rest of this entry »

    moontower.jpgsfinfinity1.gif

    Yo–San Francisco, put your doobie down and lets get off your our high horse; we’re not the only San Francisco in the world building new condo’s. The architects at Bettis Tarazi are pumpin’ new buildings into the San Francisco, Panama topography too! It seems that San Francisco, Panama has its very own “Infinity” (built in 2004, image above/right) and the soon to be “Moon Tower” (image above/left, video below) which looks a lot like our very own, BLU.

    Bettis Tarazi [website]
    Handel Architects [website]
    *Infinity photo courtesy of Flickr via arg507

    undies.jpg

    sensesized.jpg
    By SENSE:

    Boxers… Briefs… or… have you made the switch? Wait back up… I’m getting ahead of myself. First of all, are you old school– and wear briefs… or do you like to roll a bit more loosie-goosie– and wear boxers?

    I have been wearing boxers from the time I was about 13 years old. My parents never introduced them to me (my dad still wears plain ol’ tightie whities), but I some how discovered the freedom that came with boxers.

    That was a great underwear era in my life.

    But now I have made the switch… Hell no I haven’t switched back to briefs! Instead, I have gone the route of the undergarment compromise. The security of briefs combined with the leg length and shape of boxers…
    …Boxer-Briefs.

    I made the switch about six months ago, and after a “brief” uncomfortable transition, I am thrilled with the change. I feel more solid in my boxer-briefs than I ever did in my boxers. It isn’t just for functional purposes either… the special ladies and/or men in your life will think you look hot in your new look underwear.

    If you haven’t tried boxer-briefs yet… give ‘em a shot! Let me know how it goes.

    tunneltop.jpgBy: E-Manny

    The Tunnel Top: Don’t go here stone cold sober. Go after a few beers and wander upstairs to snag one of the coveted sofa seats. After you’ve made yourself cozy, make your friends battle the bar downstairs and buy you drinks while you get down to some old skool hip hop. They pour them strong and the next thing you know, you may be grinding between Old Man River and a SF State student. This is a true dive bar because anyone and everyone can be found here, including me.

    muertos.jpg

    On Friday, November 2nd, come to the Mission District for the annual Dia De Los Muertos festival, San Francisco style.

    The annual procession, lead by Rescue Culture Collective, will be on Friday at 7:00 PM at 24th & Bryant. The procession will end in Garfield Park at the Festival of Altars 8:30 PM at 26th & Harrison.

    Bring flowers, candles, and remembrances of your loved ones for our community altar. This event is FREE and open to the public, wheel chair accessible.

    MAP

    STARTS at 24th & Bryant
    Walk on Bryant
    Right on 25th st (Garfield Park on Left)
    Right on Mission (Mission Cultural Center on Left)
    Right on 24th st
    Right onto Harrison
    END at Garfield Park (26th & Harrison)

    Dia De Los Muertos San Francisco 2007 [dayofthedeadsf.org]

    urbancamo.jpgFrom the New York Times:

    “Ms. Tsukioka, a 29-year-old experimental fashion designer, lifted a flap on her skirt to reveal a large sheet of cloth printed in bright red with a soft drink logo partly visible. By holding the sheet open and stepping to the side of the road, she showed how a woman walking alone could elude pursuers — by disguising herself as a vending machine.

    The wearer hides behind the sheet, printed with an actual-size photo of a vending machine. Ms. Tsukioka’s clothing is still in development, but she already has several versions, including one that unfolds from a kimono and a deluxe model with four sides for more complete camouflaging.”

    Some of our readers’ top Halloween activities:

    1. Bob for apples and accidently end up kissing some hot dude like in a teenage Halloween movie
    2. Sit partially hidden on a rooftop and throw fake bugs or spiderrs at people as they walk by
    3. Have sex in costume (oh wait, I’ve done that)
    4. Dress up like a Policeman and actually convince a party-goer that I really am one…then arrest them.
    5. Scream at the top of my lungs
    6. eat candy corn
    7. Take part in a scavenger hunt. Items on the list to acquire include things like: street sign, road kill, bag of hash…
    8. Dress up as a scary monster and hand out candy to little trick-or-treaters

    what’s missing from the list?

    Fearing Crime, Japanese Wear the Hiding Place [New York Times]

    millbuild1.gif

    301 Mission Street between Fremont and Beale Streets is the future home of the 60 story crystalline sculpture designed by architect Glen Rescalvo of acclaimed Handel Architects, called Millennium Towers.

    According to the “broker” email that was sent out, “three distinct living spaces have been created to appeal to different personalities. ” There will be private lobbies, art collections and a 24-hour concierge staff.

    Click on the below images for a larger view.

    clublevel.gif millbuilding.jpg millowner.gif milltower.gif picture3.jpg

    Millennium Tower [website]

    openlock.gif

    Warm sunny weekends late in October is one reason we live in sF. Get outside, take a walk and check out some open houses. If you’d like a more complete list of a particular neighborhood, just send an email: [email protected]

    Ashbury Heights: 2:00-4:00pm
    4924 17th Street: $3.6mm

    Bernal Heights: 2:00-4:00pm
    127 Putnam Street: $799K

    Cole Valley: 2:00-4:00pm
    74 Parnassus Ave.: $949K

    Dolores Heights: 2:00-4:00pm
    550 Hill St: $949K

    Excelsior: 2:00-4:00pm
    79 Maynard St: $799K

    Financial District: 2:00-4:00pm
    333 Grant Ave #703: $859K

    Glen Park: 1:00-4:00pm
    55 Laidley St.: $699K

    H is for Hip-Hop
    Hip Hop Classics from our peeps at DeaconBrews.com

    Ingleside Terrace: 1:00-4:00PM
    158 Howth St.: $750K

    J (as in 9J) Central Waterfront: 2:00-4:00pm
    1207 Indiana St.: $749K

    Forest Knolls: 1:00-5:00pm
    40 Merced Ave: $1.35mm

    Laurel Heights: 3:00-5:00pm
    189 Commonwealth Ave. #5: $1.819mm

    Read the rest of this entry »

    eathere.jpg

    emannyupdate.jpg
    By E-Manny:

    Foreign Cinema :Mission
    Good for brunch, outdoor seating, dinner plus movie

    A real gem. Beautiful and dramatic outdoor area for dining. The dishes are divine, the presentation creative and tasteful. I definitely recommend sitting outside to get the full experience. This is also a fantastic place to take out-of-towner’s.

    Fringale: SoMa
    Dinner, cozy, authentic real French cuisine.

    When you walk in, you’ll be greeted by French servers or ignored completely, but once you get noticed and take a seat in this warm and intimate establishment, you will feel right at home. The food will melt in your mouth-rich, but wholesome and fresh. The mussels and fries are a must.


    Condominiums
    District 1 Sep-06 Sep-07
    Number of Sales 5 7
    Median Selling Price 575,000 700,000
    Average DOM 74 50
    District 2 Sep-06 Sep-07
    Number of Sales 1 2
    Median Selling Price 949,000 703,500
    Average DOM 39 57
    District 3 Sep-06 Sep-07
    Number of Sales 3 3
    Median Selling Price 569,000 517,000
    Average DOM 61 40
    District 4 Sep-06 Sep-07
    Number of Sales 5 3
    Median Selling Price 580,000 411,000
    Average DOM 44 38
    District 5 Sep-06 Sep-07
    Number of Sales 38 21
    Median Selling Price 775,775 936,000
    Average DOM 47 27
    District 6 Sep-06 Sep-07
    Number of Sales 14 16
    Median Selling Price 667,000 752,500
    Average DOM 50 45
    District 7 Sep-06 Sep-07
    Number of Sales 20 19
    Median Selling Price 907,500 1,261,000
    Average DOM 38 33
    District 8 Sep-06 Sep-07
    Number of Sales 19 16
    Median Selling Price 625,000 612,500
    Average DOM 53 38
    District 9 Sep-06 Sep-07
    Number of Sales 50 46
    Median Selling Price 758,750 732,000
    Average DOM 60 55
    District 10 Sep-06 Sep-07
    Number of Sales 5 3
    Median Selling Price 514,000 480,000
    Average DOM 76 51

    Data provided by the San Francisco Association of Realtors

    untitled-1.jpg

    This week’s Schtuff’s Favorites goes to the best places to have sex outdoors, but within sF city limits.

    The unofficial, non-SanFranciscoSchtuff.com sanctioned poll has been returned. The top four places to have sex outdoors within sF city limits are:

    1. Dolores Park Playground
    2. Lyon Street Steps
    3. Top of Twin Peaks
    4. Golden Gate Park

    Do our readers have any places to add?

    ricearoni.jpg

    sensesized.jpg
    By SENSE:

    We at San Francisco Schtuff would like to pay our respects to Vincent DeDomenico, the co-founder of Rice-A-Roni. Rice-A-Roni has been a supper-time staple for years. DeDomenico died Thursday with his wife, Mildred, by his side.

    Growing up, my mom, despite working hard all day as a school teacher, would come home and cook for her family of five. Rice-A-Roni was a side dish the whole family enjoyed that didn’t take a lot of effort for her to prepare.

    Mr. DeDomenico, like the jingle that is synonymous with his product, was truly A San Francisco Treat.

    R.I.P. Vincent DeDomenico

    Vincent DeDomenica dies- invented Rice-A-Roni, built wine train [sfgate]

    suburb.jpg

    Is city life getting you down? Sick of all the music venues, galleries, coffee shops, bars, architecturally significant buildings and diversity? Perhaps it’s time to move your ass to the ‘burbs! That’s right, according to an article on men.style.com, the suburbs are becoming more “city-like,” (without the stench of warm piss on the sidewalk) and the hip, urban dwellers are slowly, but surly finding their way towards homogeneous stucco homes and big box stores. It seems however that suburban city planners are more aware of the needs of today’s city dwellers and rather than creating strip malls and chain restaurants, instead they are making spaces for independent movie houses, cafe’s, single bars, etc.

    According to the article by David Hochman, “in the past decade, the distinction between city and suburb has become blurred. “Commuter towns” in places like northern New Jersey, the eastern shore of Seattle’s Lake Washington, and Orange County, California—once considered cultural Siberia—are now filled with work-from-home hipsters who care about things like independent cinema and what Arianna Huffington has to say. Long-ignored suburban outposts are being rebuilt with cool arts facilities and retro-chic cafés. In short, the things we always thought we needed cities for—decent sesame noodles, fabulous eyewear, lesbians—are now available where once there were only Aunt Goldie and her mahjong group.”

    Check out the top 6 city to suburban get-aways: Cities are the New Suburbs

    Is it Time to Move to the Suburbs? [men.style.com ]
    Cities are the New Suburbs [men.style.com]

    (thanks for the tip Andrew!)

    How many sF ‘hoods do you see in this clip? Can you name them?
    The first person to get them all correct gets either a pint of beer or a coffee beverage—winners’ choice.

    Freebie: Dolores Park

    teachersjustice.jpg

    sensesized.jpg
    By SENSE:

    What do you get when you cross a 10th grade English teacher with Paulo Freire’s liberation theology, Tupac’s Thug Life mentality, and all kinds of Oakland flava? Sound crazy…? What you get is Jeff Duncan-Andrade, the dynamic keynote speaker at this year’s Teachers 4 Social Justice Conference.

    Duncan-Andrade spoke to a large auditorium full of activist minded K-12 teachers from the Bay area and all over the country. Jeff, declining the mic, elevated his voice and with it our way of thinking. This high school teacher of 16 years dropped all kinds of knowledge for the first 2 1/2 hours of the day. Born and raised in Oakland, the Ph.d. having, baggy clothes wearing, community based thinking teacher is a revolutionary among K-12 educators.

    Duncan-Andrade, also a professor of Raza Studies at SFSU, spoke about the need for teachers to care about their students as if they were their own children. His Thug Life Pedagogy for the classroom is rooted in liberation theology and the Thug Life philosophy of the late Rapper, Tupac Shakur. He talked about giving students something to fight for, the need for instilling hope, and about instilling in young people the discipline needed to become warrior-scholars. He spoke of the injustices in our educational system and delivered concrete suggestions for how to flip the script on school curriculum and policy to inspire and not disenfranchise our students.

    I am new to the Bay. Originally from SoCal, I moved here on August 27th hoping to immerse myself in a community that is activist minded, community oriented, and tapped into music, art and social justice. On a sunny Saturday morning in San Francisco, I found all of the above. Being around the 1200 educator-activists in attendance at the 7th annual Teachers 4 Social Justice Conference and listening to Jeff Duncan-Andrade speak about social justice in our schools was just what I needed to know that I have landed in the right place.

    Teachers 4 Social Justice [website]

    fiesta.png

    If open houses aren’t your thang, come by Bernal Heights for the annual “Fiesta on the Hill” this Sunday.

    Fiesta on the Hill

    Fiesta is free to the public!
    When: Sunday, October 21, 2007 from 11 AM to 6 PM
    Where: Cortland Ave. between Bocana and Folsom.

    (click here to check out the map)

    What is Fiesta?

    - A high-profile and energetic street fair with an attendance of over 15,000 friends and neighbors from Bernal Heights, neighboring communities and the greater Bay Area.

    - This year’s 19th annual fundraiser for the Bernal Heights Neighborhood Center – in the spirit of community, we invite you to Cortland Avenue to celebrate with us.

    - A chance to meet your neighbors – over 100 residents volunteer to make Fiesta happen each year.

    -An alcohol free event that emphasizes the importance of the well being of children, youth and seniors to the vitality of our neighborhood. Join us for Pony Rides, a Petting Zoo, pumpkin patch, local artists, live music, food and much much more!

    Fiesta on the Hill [Bernal Heights Neighborhood House]

    openhouse.jpg

    It’s supposed to be a beautiful Sunday, so enjoy the sunshine and check out the ABC’s of open houses. If you’d like a more complete list of a particular neighborhood, I’d be happy to provide one–just send an email: [email protected]

    Anza Vista: 2:00-4:00pm
    1800 Turk Street

    Bernal Heights: 2:00-4:00pm
    146 Faith Street

    Cole Valley: 2:00-4:00pm
    74 Parnassus Ave

    Dolores Heights: 2:00-4:00pm
    52 Sharon Street

    Excelsior: 2:00-4:00pm
    141 Trumball Strett

    Financial District: 2:00-4:00pm
    170 Pacific Ave. #19

    Glen Park: 2:00-4:00pm
    203 Fairmount St.

    Hunters Point
    Nothing is open this weekend, play on the T-Third

    Ingleside Terrace: 1:00-4:00PM
    9 De Soto Street

    J (as in 9J) Central Waterfront: 2:00-4:00pm
    1099 23rd #8

    Forest Knolls: 2:00-4:00pm
    301 Christopher Drive

    Read the rest of this entry »

    rent.jpg

    This morning the chronicle reported that Bay Area rents are up. That’s no surprise to folks that cannot afford to buy, but have been looking for a place to call home in sF. There seem to be a few explainations for the high rents and low occupancy numbers.

    1. Bay Area companies are continuing to hire employees at a fast pace
    2. People are losing their homes due to foreclosure or
    3. People are waiting for the housing bubble to completely deflate
    4. Lending practices have tightened, keeping more people from purchasing

    Some Stats:

    1. Current occupancy rates hover around 95 percent, according to a quarterly rental survey by RealFacts.

    2. Average rent for an apartment in San Francisco stood at $2,243 in the third quarter, up nearly 12 percent from one year ago; in San Jose, the average rent also jumped 12 percent to $1,622. Across the nine counties, the average rent in the third quarter was $1,539, up 9 percent from $1,411 twelve months ago.

    Bay Area rents jump, especially in S.F. and San Jose [sfgate]
    San Francisco apartments for rent [craigslist]

    The Tubbs Mansion

    2515 Scott Street, also known as “The Tubbs Mansion,” is the latest $19mm+ listing to hit the market in Pacific Heights. The home is beautiful, huge and confusing as hell!

    The “unorthodox” floor plan had me curious. According to the property details, the home was used as a multi-unit rental with an annual gross income of $126K per year, just a few years back. This property was listed in 1999 for $3mm. It sold in 1999 for $3mm after sitting on the market for 183 days. The current state of the home is a bit confusing because it is difficult to tell which room is which and where one room ends and the next begins. It is a maze of decadence. Shiny elevator, extreme privacy, rich mahogany and many leather bound books…

    I was handed a 15 page property statement with floor plans, details (2,000 bottle wine cellar, elevator, 1 bedroom apartment), history, improvements and architectural achievements.

    2515 Scott St. (in 1999) [mls]
    2515 Scott Street (current) [home-sanfrancisco.com]

    Listed by: McGuire Real Estate

    By: B-Hizzie & Matty P.

    B-H’s 2 Favorite Restaurants:

    1. Lime : Castro
    Perfect for me because I can NEVER decide on what to order and I love to people watch. They have very very good cocktails, American small plates (including grilled cheese) and a super fun vibe.
    2. Nicks Crispy Tacos: Russian Hill
    Hands down best fish tacos I have had in The City. Perfect order - Elote, cheese quesadilla, and one pescado taco “nicks way.”

    M. P.’s 2 Favorite Restaurants:

    1. Lefty O’Douls: Downtown/Union Square
    Simply put, I like meats. Cured meats, boiled meats, grilled meats…there isn’t one I’ve met that I haven’t enjoyed thoroughly. Plus, the atmosphere reminds me of a Moose Lodge or German Beer Hall. With piano playing, cocktails flowing and an exchange of beef, turkey and pork unlike any I have ever seen, Lefty O’Doul’s adds spirit to an otherwise lifeless collection of hipster trash.
    2. Eric’s: Noe Valley
    This Chinese restaurant has no character. It does, however, have the greatest Chinese food known to man. Add to that a VERY complete lunch for less than $10 and you have a combination for the gods. I strongly recommend the Walnut Prawns, Eric’s Chow Mein and General Tso’s Chicken if you’re there for dinner. Ask how the proprietor “allegedly” stole the recipes from his ex-wife (who owns Alice’s…just down the street and around the corner). Stop by, soak up the zero atmosphere and allow your taste buds a treat…at a cost fit for us eking by in this damned expensive city.

    B-H’s 2 Favorite Pizza Places:

    1. Za Pizza: Russian Hill
    The perfect slice, thin and not soggy, creative combos, and they have the best best best salads. I moved away and crave thier honey mustard dressing, it’s DELICIOUS. Not to mention going in there as a local, getting bottomless wine, good tunes, and cute boys to boot.
    2. Haystack’s Pizza: Noe Valley
    Duh, it’s Right down the street from me! Very good/unexpected wings and carafe’s of wine. If you get a smaller size pizza the crust can be a little thick, so the larger the better.

    M.P.’s 2 Favorite Pizza Places:

    1. Haystack’s Pizza: Noe Valley
    This is a guilty pleasure for all those living in or around Noe Valley. Haystack’s blends a unique cowboy and Indian (excuse me…Native American) motif with a traditional Italian Pizzeria and come up with something…how do we say…magnifique!! There pizza is a bit doughy at times, but definitely made to order and with the freshest ingredients and richest cheeses this side of the Central Valley. I usually dig into the Popeye the Sailor, minus the garlic, but add sausage (again…meats). Along with the pizza, try the Greek Salad and get a carafe of the very affordable house Chianti and you’ll feel like a true cowboy/Indian/gangster/foodie right in the heart of Noe Valley.
    2. Escape from New York Pizza: Haight-Ashbury
    Have you ever been to the Haight? Smoked so much of the local herbs and spices that you get REALLY hungry. How about Polk Street? Ever gone to Shanghai Kelly’s and shared a dozen or so Jaegermeister shots with the bartender? Well I have…and Escape from NY provides fast, easy, inexpensive and surprisingly delicious pizza. Try the potato pesto or go for a classic slice of pepperoni for those late night munchies.
    Read the rest of this entry »

    Wes Anderson, one of my favorite writer/director’s has another doosy hitting our local silver screen plaza’s next week. Some of the old Rushmore cast is back (Owen Wilson, Jason Shwartzman, Bill Murray, Angelica Houston and Kumar Pallana) for what the Internet Movie Database explains as:

    “Three American brothers who have not spoken to each other in a year set off on a train voyage across India with a plan to find themselves and bond with each other — to become brothers again like they used to be. Their “spiritual quest”, however, veers rapidly off-course (due to events involving over-the-counter pain killers, Indian cough syrup, and pepper spray), and they eventually find themselves stranded alone in the middle of the desert with eleven suitcases, a printer, and a laminating machine. At this moment, a new, unplanned journey suddenly begins.”

    Word on the street is that Owen W. has his wrists “bandaged” in the movie because his character tried to commit suicide. Weird.

    Enjoy the trailer. You may be asking–what the eff does this have to do with San Francisco? Actually, it has nothing to do with our fine city. However, to tie everything together, there are some SF movie theaters listed below.

    AMC Loews Metreon 16 with IMAX
    101 Fourth St., San Francisco

    AMC Van Ness 14
    1000 Van Ness Ave. and O’Farrell, San Francisco

    Century San Francisco Centre
    Mission St between 4th and 5th Streets, San Francisco

    Embarcadero
    1 Embarcadero Center, San Francisco


    We have a lot of good year-over-year data that we’ve been compiling separated by property type. We’re hoping to organize it in a manner that doesn’t hurt your head and present it over the next few days. Good times for all you crazy stat lovers (we know you’re out there). In the meantime, feast your eyes on the sales stats for Single Family Homes in San Francisco’s districts 1-10 as provided by the San Francisco Association of Realtors. Don’t be shy–we want to hear your thoughts, forecasts, questions and real estate bubble sh*t.


    Single-Family Homes
    District 1 Sep-06 Sep-07
    Number of Sales 18 19
    Median Selling Price 1,150,000 1,075,000
    Average DOM 33 29
    District 2 Sep-06 Sep-07
    Number of Sales 49 23
    Median Selling Price 811,000 845,000
    Average DOM 36 39
    District 3 Sep-06 Sep-07
    Number of Sales 18 11
    Median Selling Price 719,500 688,000
    Average DOM 29 35
    District 4 Sep-06 Sep-07
    Number of Sales 29 20
    Median Selling Price 979,000 1,002,500
    Average DOM 33 31
    District 5 Sep-06 Sep-07
    Number of Sales 33 15
    Median Selling Price 1,195,000 1,200,000
    Average DOM 42 30
    District 6 Sep-06 Sep-07
    Number of Sales 2 3
    Median Selling Price 1,425,000 1,805,000
    Average DOM 28 42
    District 7 Sep-06 Sep-07
    Number of Sales 8 6
    Median Selling Price 2,192,500 3,082,500
    Average DOM 48 49
    District 8 Sep-06 Sep-07
    Number of Sales 2 2
    Median Selling Price 4,455,000 1,350,000
    Average DOM 292 53
    District 9 Sep-06 Sep-07
    Number of Sales 21 15
    Median Selling Price 835,000 875,000
    Average DOM 36 29
    District 10 Sep-06 Sep-07
    Number of Sales 60 37
    Median Selling Price 697,500 650,000
    Average DOM 47

    47

    Single Family Homes 9/06 vs. 9/07 [SanFranciscoSchtuff.com]

    55laidley.jpg

    55 Laidley Street is the most expensive house price per square foot in all the land of Glen Park (and quite possibly all the land in district 5), but perhaps that’s because the buyers will save a little money on their electricity bill with those solar panels and small living space (according to the tax records, this home is 520 square feet). This listing fascinates me for several reasons:

    1. It’s a good deal of money for a very small house
    2. It’s being listed by an “online” company (redfin)
    3. This home was on the market for the exact price in May ‘07 and was never sold (withdrawn)

    I’ll be sure to report back with further details

    55 Laidley Street [home san francisco]
    *photo from MLS and the property is listed by Redfin Real Estate

    Separación

    The uncomfortable pain of separation between the physical self and emotional self.

    By: Favianna Rodriguez
    Silkscreen
    2007, Los Angeles

    From Favianna’s website:
    This is a print I completed after a painful separation from my lover of seven years, which took place in late December 2006. The piece depicts the two sides of my person, one side being the self-centered, neurotic, workaholic artist. During an artist residency in Provincetown, Massachusetts, I was able to develop alot of preliminary concepts about my own experiences. I completed about seven concepts and this was one of them. I revisited this piece in December 2006, as I was undergoing the physical and emotional separation. In those conditions, one finds it hard to imagine another possibility for love, the hours pass very slowly…. at that time my motivation to create work was extremely low, however, I managed to create this piece, which became an outlet for me. As we were printing. the emulsion kept falling off the screen, so we were only able to print a few of these. At one point, I could no longer print the red hand, so I had to spray it on with a stenciled film.

    Separación [favianna.com]

    Curbed SF has a new editor, Sarah Hromack and she is ready to kick some ass! She has not wasted even one second at the helm, publishing a TON of content. The side navigation bar has been reorganized and updated (now RSSing everything!) and we’re excited to see what she has in store.

    One thing that all of us San Franciscan’s should do for the new editor is rock the vote: Which Blue are you?

    Battle of the Blues [curbed SF]

    Barking dogs in your ‘hood? Loud meth-heads next door? Pigs squealing? All night raves?

    If you like those sorts of things and want to live nearby, you can use Rotten Neighbor to get close to the action. If you want to stay away, Rotten Neighbor is also helpful…

    This is pretty amusing. I haven’t seen anything like it. Take a peek, drop your zip code in there and see what pops up.

    rottenneighbor.com

    “Meet the DBI (Department of Building Inspections) Pros”

    When: October 11 and 12, 2007, between 8 a.m. and 1:30 p.m.

    Where: Bill Graham Civic Auditorium, San Francisco Civic Center.

    What: The summit will offer free public workshops on how to obtain a permit, residential kitchen and bathroom remodels, earthquake safety, landlord and tenant responsibilities, training on the new International Code standard, and more. Cosponsors of the Summit are the American Institute of Architects, the Building Owners and Managers Association and the San Francisco Association of REALTORS®.

    RSVP: Is required through DBI’s web site: www.sfgov.org/dbi by Friday, September 28, 2007. You also may call 415-558-6401 or e-mail [email protected].


    Condominiums

    District 1 Aug-06 Aug-07
    Number of Sales 9 12
    Median Selling Price 675,000 907,000
    Average DOM 30 30
    District 2 Aug-06 Aug-07
    Number of Sales 1 1
    Median Selling Price 500,000 784,900
    Average DOM 29 18
    District 3 Aug-06 Aug-07
    Number of Sales 4 5
    Median Selling Price 560,000 505,000
    Average DOM 40 81
    District 4 Aug-06 Aug-07
    Number of Sales 6 3
    Median Selling Price 487,500 525,000
    Average DOM 45 27
    District 5 Aug-06 Aug-07
    Number of Sales 46 29
    Median Selling Price 774,500 1,000,000
    Average DOM 41 23
    District 6 Aug-06 Aug-07
    Number of Sales 26 11
    Median Selling Price 695,000 885,000
    Average DOM 30 28
    District 7 Aug-06 Aug-07
    Number of Sales 22 21
    Median Selling Price 879,000 1,325,000
    Average DOM 30 38
    District 8 Aug-06 Aug-07
    Number of Sales 25 34
    Median Selling Price 770,000 687,000
    Average DOM 40 48
    District 9 Aug-06 Aug-07
    Number of Sales 70 42
    Median Selling Price 770,000 734,500
    Average DOM 59 49
    District 10 Aug-06 Aug-07
    Number of Sales 1 10
    Median Selling Price 430,000 365,500
    Average DOM 49 52

    To compare and contrast the data from previous months, click here
    Information provided by the San Francisco Association of Realtors

    A few months ago, Yahoo! Real Estate released its thoughts on the top 10 cities that are doing a great job at putting residents first in terms of “greenness.” According to Yahoo! “that means they’re obsessed with clean air and clean water, renewable energy, reliable city buses, trams, streetcars and subways, a growing number of parks and greenbelts, farmer’s markets and, very important, opportunities for community involvement.” Though the cities were ranked in no particular order, San Francisco did make the top 10, along with Portland, Burlington, Santa Monica, Austin, Minneapolis, Boulder, Madison, New York and Chicago.

    San Francisco, CA

    “To the superlatives the City by the Bay has acquired over the decades — steepest, foggiest, most expensive — add greenest. With bus, subway and ferry services that reach throughout the Bay Area, avid bikers and devoted car poolers, San Francisco has a good track record for getting people out of their cars. In fact, more than half the city’s residents use public or alternative transportation to get to work. With Golden Gate Park, the newly-decommissioned Presidio, beaches, extensive bike paths and access to the Pacific and the Bay, the city has an abundance of recreational options. Prevailing winds from the water help keep pollution at bay. The city is also a leader in green building, with more than 20 building projects registered for official green certification. And city residents are willing to tax themselves. Voters said yes to allowing the city to sell $100 million in revenue bonds to support renewable energy.”

    The Top 10 Greenest Cities [Yahoo!]

    On Wednesday night, Mayor Gavin Newsom carved some time out of his busy schedule to speak with the residents of Bernal Heights. Mayor Newsom spoke in a town hall-like setting in the local laundromat, Bernal Bubbles. Due to the small size of the venue, Home San Francisco (Bernal Bubble’s building mate) set up a theater like setting, projected the conversation on the wall and invited everybody in to relax on our couches and chairs to listen to the Mayor answer the questions posed by the local residents. The Mayor spoke about street cleaning in Bernal Heights, pot-holes, home ownership, TIC’s and tenants, affordable housing, public housing, city services and green business initiatives among other things. The discussion was part of the Soap Box Lecture Series which featured the porn star and author Annie Sprinkle last week and was also broadcast at Home San Francisco. We are forging a relationship with Bernal Bubbles to continue bringing you the lecture series while providing a comfortable environment for the folks of the neighborhood to enjoy.

    As new lectures are planned, we will post a schedule and remind you to stop by.

    On September 12th 2007 you will be able to get your organic produce, yoga mat, $9 sandwich and will be able to scour the olive bar all under one roof in Potrero Hill in a brand new 39,000 square foot facility formally a giant hole in ground.

    The new and largest Whole Foods in San Francisco is opening at the corner of 17th and Rhode Island in less than two weeks.

    Happy shopping.

    If you can’t make fun of yourself, what can you make fun of?

    According the the SF Gate:

    The first residents are expected to move in sometime this summer. Whole Foods is expected to open this month.

    Potrero condos fit in with [SF Gate]
    The Potrero is Open [gtwice]
    The Potrero; Update [gtwice]
    The Potrero! [gtwice]
    The Potrero [official website]

    24thst.jpg

    Noe Valley, the land of nice homes, dogs, coffee shops, babies being pushed in strollers and vacant retail space. That’s right, vacant retail space. 24th Street is a destination shopping strip in San Francisco. People come to get unique gifts from Just For Fun and Scribbledoodles, eat at Haystack Pizza and do their banking at WaMu. Why then is there so much empty retail space?

    The Real Food company, located across the street from Bell Market (which by the way is an antiquated grocery store as far as I’m concerned for having such high-end clientele) was the first of the modern day vacancy to take place. The Real Food Company, which had been a part of Noe Valley for 25 years, closed its doors in 2003, dismissing 30 workers, the majority of whom had been organizing a union. This is a large space that has been sitting vacant for four years.

    Rite-Aid, formerly located at 4045 24th street currently sits dark with dusty linolium floors and a large sign proclaiming its availability. Rite-Aid has been running a store in this location since 1998 when it changed from a Thrifty Jr. to the more current Ride-Aid store. The 6,727 square foot space supposedly underwent a rent increase and the store with over $900K worth of merchandise could not afford to keep its doors open.

    Though the small corner retail spot located at 24th and Sanchez is not vacant, it is for sale! Currently, the 500 square foot store front which houses Belgano Chocolatier is on the market for $130K. Once purchased, the owner would have to pay the landlord $4000 a month in rent. This spot is used to turnover as it’s been a coffee shop, high-end cookware store, deli/pizza by the slice and a smoothie shop all in the last fifteen years.

    The newest addition to the 24th street retail exodus is Tully’s Coffee located at 3966 24th Street. As of Sunday, the small, typically dirty and unfriendly coffee shop was all boarded up with no signage out front to alert possible renters that the space is vacant.

    24th Street does not lack window shoppers or clientèle. Rents along the business strip in Noe Valley have gone up over the years which have led people and companies to take their businesses elsewhere. Perhaps the new hip Noe Valley street will be Church Street as new restaurants and stores have been popping up along that street in-between 24th and 30th over the years. Time will tell…

    With all the negative media and some of the justified concern regarding the housing market, I was shocked to see that 145 Coso Ave sold for $309K over the asking price. I saw the house, it was a neat house with a lot of charm and great outdoor space. When I walked through, I never would have thought that it was under priced by $300K+!

    145 Coso Ave [mls]

    We are getting close to the Fall of ‘07 (the time that the new 900 Minnesota Street project is supposed to “open”). It’s not too often that you see a new SF development (especially one that is not in a giant high rise and is marketing itself as “local”) advertised in the Powell Street Bart station, maybe it’s a sign of the times?

    900 Minnesota Street; interiors and finishes [gtwice]
    900 Minnesota Street Revisited [gtwice]
    900 Minnesota Street [gtwice]
    Esprit Park [gtwice]
    Homes on Esprit Park [website]

    Last night I attended the Dolores Park Movie Night. It was a ton of fun and included live music before sunset and a showing of Wayne’s World. The folks that throw the event “live near Dolores Park, and want to make the most of our beautiful little neighborhood. Dolores Park Movie Night has no affiliations, no causes, no politics and minimal organization. We pay for permits, movie licenses, and equipment ourselves and only ask for small donations to cover recurring costs. Dolores Park Movie Night is our small contribution to the local community.” This event is a fantastic example of community as people from different groups were meeting each other, sharing treats and just enjoying the evening in the park. From the Dolores Park Movie Night website, they explain that those involved in throwing the monthly event “include a Mad Scientist, a Computer Geek, a couple of Hot Lawyer Babes, our Fearless Leader, and of course our Always Hungry “Will Love You For Food” Mascot.

    I highly recommend the experience and find it refreshing that so many folks are interested in creating community within the hustle and bustle of the city. The next movie/event will be held at Dolores Park on September 13th.

    Dolores Park Movie Night
    [website]

    The new condo building at 3280 22nd Street is a “beautiful four unit mixed use condominium building,” according to the property flier. It’s true, there are some neat features including the “living roof,” the “green” elements including oil barrel wood siding & rainscreens and Stewardship Council certified cabinetry. There are even some nice design elements (if you can get past the small rooms) which include giant windows, sharp lines, and beautiful floors, but above all, you’ll have welcoming neighbors.

    Located on 22nd Street @ Valencia, this newly constructed condo building is just down the street from one of the best breakfast spots (Boogaloos), coffee shops, bars, taqueria’s and total belligerence any Wednesday-Saturday night. But you don’t have to look much further than out your window to see what your neighbor’s really think of you. The picture above was taken from the window of the unit that is selling for $1.399mm and is loosely translated as: “ENOUGH ALREADY with you rich people and your condominiums.”

    3280 22nd Street [Brown & Co. Real estate via Home-SanFrancisco.com]

    The cost of financing a home in some of the more expensive areas of the country (California), just got more expensive. According to CNNMoney.com “Wells Fargo, one of the nation’s biggest mortgage lenders, raised the interest rates on its 30-year, fixed-rate, non-conforming (AKA jumbo) loan to 8 percent last week, up from 6.875 percent. Other lenders followed suit and more are likely to join them.” To put that into perspective, the monthly bill for a $600,000 mortgage would hit $4,403, compared to $3,942 before the rate hike, which is an increase of $461.

    Noteworthy facts:

    • Borrowers obtaining Interest Only payments must qualify at the fully amortized rate.
    • Stated income loans are requiring at least 10% down payment.
    • No documentation or limited documentation loans are not being offered by many lenders.
    • Higher FICO (credit) score requirements are required for alternative lending.
    • Some lenders of 2nd loans are not originating any new loans!
    • Rates are on the rise! A 30 year fixed Jumbo is now 8% at Wells Fargo (some banks are offering lower rates with solid credit still)

    Big Ticket Mortgage Rates Rise [CNNMoney.com]

    In 2003, real estate developers Jeremiah Cullinane, Denis Cullinane, and Eileen Long purchased 3953 24th Street for $700,000 with the intention of building 6 market rate condo’s, 2 commercial spaces and a 4-car underground parking garage on the lot that contained a modest single family home just over 1,000 square feet. The approval process for this project was a long and arduous one which led to passionate arguments and creative concessions. The project that was finally approved by local residents and the building department included 6 residential units available to people 62 years or older that did not own a car, 2 commercial spaces and no parking. This plan seemed to be a welcome addition to the neighborhood as many residents were concerned about extra vehicular traffic and the possibility of astronomically high priced market-rate homes.

    The new Victorian style building was completed about two years ago and sales of these “senior” units have not been going as planned. According the the Noe Valley Voice, the sellers have been “unable to attract older buyers [and the] developers of a six-unit, seniors-only condominium complex across from Bell Market have asked the city for permission to sell the units to the general public.” If a new permit was approved, “it would mean the units would no longer be reserved for buyers 62 and older without cars, as specified in the plans allowing demolition of the Lunny House three years ago. The developer’s new proposal also would convert the six units, currently offered at market rates, to five.”

    There is a public hearing regarding this matter on August 9th at 1:30pm in City Hall room 400.

    Senior Housing–The latest Plan for the Lunny House [Noe Valley Voice]
    Former Lunny House May Lose “Senior” Units [Noe Valley Voice]
    Lunny House Demolition Leads to 24th Street Revival [Noe Valley Voice]
    Old House on 24th Street Makes Way for Condo’s [Noe Valley Voice]

    We took some average prices of goods and homes and we used the first six months of 1997 and the first six months of 2007 to compare. Hopefully these numbers won’t hurt your head:


    The average cost of a cup of Joe:

    1997: $1.00
    2007: $1.70


    The average cost of a single family home in GLEN PARK

    1997: $334,000
    2007: $1,096,000


    The Average cost of a gallon of gas:

    1997: $1.33
    2007: $3.29


    The average cost of a single family home in POTRERO HILL

    1997: $301,000
    2007: $1,126,000

    The Average cost of a gallon of milk:

    1997: $2.49
    2007: $3.58

    Rex & Co., a San Francisco based company has come up with a new financial product to help home owners take equity out of their house by agreeing to share a percentage of their future appreciation (or loss) when it’s time to sell. There are both supporters and critics of the program already and some solid arguments from both sides. There are no payments and no interest at the time you take your money. It’s not a loan, instead it’s an “equity co-share”–very interesting concept.

    As reported at SFGate.com, here are some examples:
    “Scenario 1: After five (or more) years, the homeowner sells the house for $900,000, a $150,000 increase in value. The homeowner pays Rex $75,000 (half of the appreciation) plus the original $100,000.

    Scenario 2: After five years, the house sells for $675,000; it has lost $75,000 in equity. Rex “owns” half of that, or a negative $37,500. The homeowner pays Rex $63,500 — the original amount minus Rex’s loss.

    Scenario 3: After five years, the home sells for $750,000. The homeowner pays Rex $100,000, its original investment; Rex has neither made nor lost money on the deal.

    Scenario 4: The homeowner decides to sell after just 11 months. The house sells for $770,000. Rex is paid the original $100,000 plus $10,000 (half of the $20,000 appreciation) plus an early exit fee of $25,000 (25 percent of Rex’s initial investment) for a total of $135,000.”

    It’s worth a read and we’d like to hear what you think.

    A new way to tap equity without going into debt / Homeowners can sell a share of future appreciation [SFGate]

    A new way to tap equity without going into dept[theFrontSteps]

    The Cortland Avenue business strip has seen some change in 2007. From East to West:

    Piqueo’s (new restaurant)
    Home San Francisco (new real estate brokerage)
    Avedano’s Holly Park Market (new deli/produce/meat & fish market)

    Piqueo’s:
    830 Cortland Ave.
    Fantastic Peruvian fusion and tapas. Deliciously creative menu, warm atmosphere, fair price, knowledgable staff, and artistic display. We recommend it.

    Home San Francisco
    399 Cortland Ave.
    Moved into the space last occupied by Briar Rose. The building and space were fixed up and doors have been open all year. Monthly events are held in the “living room.”

    Avedano’s Holly Park Market
    235 Cortland Ave.
    Still under construction, but they have done an amazing job of reviving the facade of the building. It’s supposed to open this month and we can’t wait to try it out!

    Piqueo’s[website]
    Home San Francisco[website]
    Avedano’s Holly Park Market[website]

    Condominiums  
    District 1 May-06 May-07
    Number of Sales 7 17
    Median Selling Price 785,000 905,000
    Average DOM 23 30
         
    District 2 May-06 May-07
    Number of Sales 1 1
    Median Selling Price 520,000 790,000
    Average DOM 45 2
         
    District 3 May-06 May-07
    Number of Sales 7 4
    Median Selling Price 522,888 440,000
    Average DOM 47 50
         
    District 4 May-06 May-07
    Number of Sales 4 6
    Median Selling Price 521,500 617,000
    Average DOM 42 41
         
    District 5 May-06 May-07
    Number of Sales 30 41
    Median Selling Price 760,500 915,000
    Average DOM 33 29
         
    District 6 May-06 May-07
    Number of Sales 18 14
    Median Selling Price 630,500 841,500
    Average DOM 38 27
         
    District 7 May-06 May-07
    Number of Sales 34 31
    Median Selling Price 1,097,500 1,295,000
    Average DOM 33 36
         
    District 8 May-06 May-07
    Number of Sales 41 46
    Median Selling Price 849,000 732,500
    Average DOM 47 28
         
    District 9 May-06 May-07
    Number of Sales 64 55
    Median Selling Price 725,000 750,000
    Average DOM 43 44
         
    District 10 May-06 May-07
    Number of Sales 4 8
    Median Selling Price 598,500 509,500
    Average DOM 31 64

    Data provided by SFAR MLS

    373 Franconia has giant views and consists of a TON of house (2426 sq. ft. of house). The home has been on the market for 9 days and according to the agent, they have already accepted an offer. The house feels like it goes on for ever and while walking through it, we found a couple of large rooms that were nothing but raw space. What would you turn the rooms into? Half-court basketball court? Mini-roller rink? Plush home-theater? Extra bedrooms? Wine storage? S&M room? Shooting range?

    c’mon, don’t be shy….

    373 Franconia Strret [sfarmls]
    [update: sold for $1.1mm 7/18/07]

    Taller than the Washington Monument, shinier than a bunch of diamonds and flimsier (in the wind or in an earthquake) than some real estate agents’ ethics…

    One Rincon Hill is all grown up. It has elevated to most of its glory as the 60th and last floor of concrete was just poured. Currently, the cement core of the building is still exposed at the top and the glass does not reach higher than 50 floors, but the building is 482 feet above the street and will be capped off in about a month at 605 feet. The “glass curtain” is what the hard working folks at 1 Rincon are currently working on.


    Bathroom With a View at 1 Rincon Hill [Gtwice]
    Glass Curtain Rises on Tower [SFGate]
    Curtain Wall [Wikipedia]

    900 Minnesota Street a.k.a. Homes on Esprit Park is a project that is blending the history of the Dogpatch neighborhood with stylish design while creating a low impact on the environment. This is being accomplished by converting an existing structure (In 1906 the structure was built to be the Schilling Wine Sellers and was later used as the Esprit company headquarters) and by careful choice of materials. Additinally, the developers are planning for commercial business and open space, making this project a welcome addition to the Central Waterfront.

    The folks over at the marketing department for the Homes on Esprit Park have unveiled some new detailed images of what the project and units will look like and it’s definitely worth a peak. We’ve included links to individual units below.

    The sales office is expected to open in early autumn at 900 Minnesota Street.

    We’ll keep you posted with further developments.

    New Condo’s in the hood—142 of them to be exact! [gtwice]
    900 Minnesota St. [gtwice]
    Homes on Esprit Park
    S202
    S322
    S508
    S510
    N206
    N209
    N516

    3 years ago 1826 Filbert St sold for $1,147,000. (March of ‘04) to be exact. It’s back on the market now listed at $1,795,000!

    Ready for this - new kitchen and new bath. Those typically net some nice returns — but to the tune of $17,000 per month of ownership? That better be some damn nice granite and the best water pressure in the city!

    To be continued … I’ll keep my eye on this property and report back when and if it closes.

    District 1 May-06 May-07
    Number of Sales 19 18
    Median Selling Price 1,125,000 1,597,500
    Average DOM 26 35
    District 2 May-06 May-07
    Number of Sales 43 46
    Median Selling Price 799,000 882,000
    Average DOM 31 29
    District 3 May-06 May-07
    Number of Sales 9 14
    Median Selling Price 845,000 863,500
    Average DOM 32 37
    District 4 May-06 May-07
    Number of Sales 44 33
    Median Selling Price 1,057,500 1,229,000
    Average DOM 27 30
    District 5 May-06 May-07
    Number of Sales 38 35
    Median Selling Price 1,305,000 1,450,000
    Average DOM 30 33
    District 6 May-06 May-07
    Number of Sales 2 5
    Median Selling Price 1,430,000 1,725,000
    Average DOM 73 37
    District 7 May-06 May-07
    Number of Sales 12 12
    Median Selling Price 3,537,500 4,322,500
    Average DOM 41 39
    District 8 May-06 May-07
    Number of Sales 3 0
    Median Selling Price 1,150,000
    Average DOM 23
    District 9 May-06 May-07
    Number of Sales 20 16
    Median Selling Price 876,000 820,000
    Average DOM 36 52
    District 10 May-06 May-07
    Number of Sales 51 41
    Median Selling Price 679,000 722,000
    Average DOM 47 49

    Data provided by SFARMLS

    3130 Pacific Ave
    Price: $12,495,000

    Fully detached, brand new, custom designed, highly detailed Arts & Crafts home on the Presidio Wall. This home is comfortable, stunning, quiet, quaint, and despite the fact that it has a home theater, elevator to all floors, radiant heated hardwood floors, audio/visual system with built-in speakers in most rooms, Smart Wire for phone, video and computer networking, terraces, gardens with automatic sprinkler systems, wine cellar and many more modern amenities, it feels like home and it feels like it’s been there for years. Amazingly well done. Now, if I only had $13 million dollars…

    [update: this property has been on the market for 7 days. As of today (6/6) somebody not only made an offer on this property, but it got accepted. Not only did this offer get accepted, the status went straight to Pending, so I would assume it’s a contingency free offer.]

    compare that to:

    2266 Vallejo Street
    Price: $12,975,000

    I’ll start by saying this home has the best bath(tub) in San Francisco. The house is large, beautifully detailed, has an elevator, six bedrooms, seven and a half bathrooms, and is a steel framed panoramic view home. The home has 5 levels and no required bearing walls inside the structure. Materials in this building are truly quality–nothing was spared and there are views for miles.

    If you had $12.5 million to spend on a house, which would you buy?

    One of our favorite restaurants, Slow Club, located in the Inner Mission district for many, many years, is going to branch out. Though the new restaurant will not bare the same name, it will have a similar menu featuring “stylish California/American comfort food on a daily changing menu, with ingredients sourced directly from local ranches and farmers.” The new restaurant will be located at 2495 3rd Street at 22nd Street. It will be a delicious addition to the neighborhood along with Moshi Moshi, Yield, Just For You, Hard Knox Cafe and others. That neighborhood now boasts a MUNI line, planned open space, sought after loft space and there are talks about A16 securing a place for thier new restaurant at the 900 Minnesota Street project. Is this the change that everybody’s been looking for and talking about for so many years?

    Area Restaurants Branch Out [sf gate]

    Everybody loves playing with Google mapping products (Earth, Maps, Satellite), but the crafty folks over at the Google Labs have now taken it to a new level with Google Street View. The above image is a building on the Corner of Rhode Island and 18th Street. Notice that the picture is fairly recent (this place has been under construction for ever) and you can see inside the windows!!! Voyeurs are going to love this one! It’s a guaranteed time waster. Just map an address as usual and click on the “Street View” tab.

    Coach D–thanks for the tip!
    Google Maps

    2-4 Units

    District 1

    April 2006

    April 2007

    Number of Sales

    10

    7

    Median Selling Price

    1,202,500

    1,450,000

    Average DOM

    45

    95

    District 2

    April 2006

    April 2007

    Number of Sales

    5

    8

    Median Selling Price

    1,005,000

    1,037,500

    Average DOM

    23

    47

    District 3

    April 2006

    April 2007

    Number of Sales

    0

    1

    Median Selling Price

    800,000

    Average DOM

    26

    District 4

    April 2006

    April 2007

    Number of Sales

    0

    0

    Median Selling Price

    Average DOM

    District 5

    April 2006

    April 2007

    Number of Sales

    11

    11

    Median Selling Price

    1,350,000

    1,675,000

    Average DOM

    40

    55

    District 6

    April 2006

    April 2007

    Number of Sales

    7

    6

    Median Selling Price

    1,365,000

    1,612,500

    Average DOM

    57

    55

    District 7

    April 2006

    April 2007

    Number of Sales

    3

    2

    Median Selling Price

    2,025,000

    1,685,000

    Average DOM

    61

    185

    District 8

    April 2006

    April 2007

    Number of Sales

    2

    1

    Median Selling Price

    1,392,500

    600,000

    Average DOM

    117

    32

    District 9

    April 2006

    April 2007

    Number of Sales

    8

    7

    Median Selling Price

    1,096,500

    1,160,000

    Average DOM

    62

    126

    District 10

    April 2006

    April 2007

    Number of Sales

    3

    1

    Median Selling Price

    765,000

    770,000

    Average DOM

    14

    83

    SFAR

    7thave1.jpg

    7thave2.jpg

    These pictures were taken on 7th Ave. a half block from Irving St. The lot is large and currently the “homes” are set back, deep on the lot. The structures are on stilts and all sorts of construction is taking place on the parcel. The final project is…


    District 1
    April 2006 April 2007
    Number of Sales 23 19
    Median Selling Price 1,075,000 1,160,000
    Average DOM 43 28
    District 2 April 2006 April 2007
    Number of Sales 41 36
    Median Selling Price 808,000 810,000
    Average DOM 35 30
    District 3 April 2006 April 2007
    Number of Sales 26 12
    Median Selling Price 685,000 708,000
    Average DOM 34 45
    District 4 April 2006 April 2007
    Number of Sales 36 27
    Median Selling Price 909,500 1,250,000
    Average DOM 36 38
    District 5 April 2006 April 2007
    Number of Sales 34 31
    Median Selling Price 1,320,000 1,252,000
    Average DOM 34 24
    District 6 April 2006 April 2007
    Number of Sales 5 2
    Median Selling Price 1,200,000 1,217,500
    Average DOM 30 19
    District 7 April 2006 April 2007
    Number of Sales 10 5
    Median Selling Price 4,300,000 3,700,000
    Average DOM 79 21
    District 8 April 2006 April 2007
    Number of Sales 1 2
    Median Selling Price 2,030,000 4,075,000
    Average DOM 28 18
    District 9 April 2006 April 2007
    Number of Sales 22 26
    Median Selling Price 949,125 914,000
    Average DOM 27 32
    District 10 April 2006 April 2007
    Number of Sales 51 33
    Median Selling Price 704,000 710,000
    Average DOM 38 60

    There is no explanation in the MLS, but 271 Chattanooga Street is Back on the market. No open houses currently scheduled. Another chance awaits you…

    271-273 Chattanooga Street [gtwice.com]
    Riddle Me This… [gtwice.com]
    219-221 Chattanooga Street [Home San Francisco]

    142 Mangels Ave. was purchased last December for $524,250 ($124K above the asking price). Today it fell over while the owner was trying to upgrade the foundation. The house has been red tagged and needs to be completely demolished–is it now worth more or less?

    “Dream House” Slides Away in the Sunnyside”[SF Gate]

    It’s nice to live in THE one and only. I suppose that’s what the folks in charge of marketing developments believe as well.

    THE Brannan
    THE Clock Tower
    THE Harbor Lofts
    THE Hawthorne
    THE Hayes
    THE Infinity
    THE Jackson Square
    THE Lansing
    THE Metropolotin
    THE Mint
    THE Oriental Warehouse
    THE Palms
    THE Potrero

    Did we miss any?

    We’ve been following the interesting progress of the two, two-unit buildings just a few doors down from each other on Chattanooga Street.

    Here is the update: 271-273 Chattanooga Street is now in contract and the current status is active contingent. 219-221 Chattanooga Street has seen an offer date come and go and still sits active in the MLS.

    271-273 Chattanooga Street [gtwice.com]
    Riddle Me This… [gtwice.com]
    219-221 Chattanooga Street [Home San Francisco]

    rinconbathroom.jpg

    1 Rincon Hill plumbing and bathroom update…

    Single-Family Homes

    District 1

    March 2006

    March 2007

    Number of Sales

    19

    17

    Median Selling Price

    $1,101,000

    $1,154,500

    Average DOM

    33

    43

    District 2

    March 2006

    March 2007

    Number of Sales

    48

    40

    Median Selling Price

    $796,500

    $829,500

    Average DOM

    34

    48

    District 3

    March 2006

    March 2007

    Number of Sales

    24

    11

    Median Selling Price

    $715,000

    $732,000

    Average DOM

    33

    53

    District 4

    March 2006

    March 2007

    Number of Sales

    34

    25

    Median Selling Price

    $989,000

    $999,999

    Average DOM

    32

    34

    District 5

    March 2006

    March 2007

    Number of Sales

    34

    34

    Median Selling Price

    $1,310,000

    $1,177,500

    Average DOM

    34

    22

    District 6

    March 2006

    March 2007

    Number of Sales

    3

    2

    Median Selling Price

    $1,510,000

    $1,405,000

    Average DOM

    26

    15

    District 7

    March 2006

    March 2007

    Number of Sales

    16

    10

    Median Selling Price

    $2,403,000

    $3,781,500

    Average DOM

    51

    74

    District 8

    March 2006

    March 2007

    Number of Sales

    3

    2

    Median Selling Price

    $1,305,000

    $2,537,500

    Average DOM

    26

    60

    District 9

    March 2006

    March 2007

    Number of Sales

    18

    14

    Median Selling Price

    $791,500

    $877,500

    Average DOM

    51

    49

    District 10

    March 2006

    March 2007

    Number of Sales

    44

    42

    Median Selling Price

    $695,000

    $689,000

    Average DOM

    42

    49

         
         
         
         
         

    San Francisco Association of Realtors

    Over a year ago we started to share some information on the newest development in the Central Waterfront/Dogpatch neighborhood–Homes on Esprit Park. Recently a new website for the project went live and it features neighborhood information, building and neighborhood history, project overview, floor plans and it has a slight insight into pricing (homes ranging from the $600,000s to high one millions).

    Sales office opens this Fall if you have any interest…

    New Condo’s in the hood—142 of them to be exact!
    [SanFranciscoSchtuff]

    900 Minnesota St. [SanFranciscoSchtuff]
    Homes on Esprit Park [website]

    leptitlaurent1.jpg

    Red Rock Cocktails on the corner of Diamond and Chenery in Glen Park has shut its doors and is getting a face lift. Construction has been taking place for a few weeks and now that some of the stucco has been removed and new windows installed, there is a little note on the door telling folks what is to be expected in upcoming weeks. Oui Oui, so fan-cy.

    Glen Park is turning into an international culinary extravaganza. There is a new (and always crowded) pizzeria, a very popular taqueria and now, a French Bistro.

    leasefireplace.jpg

    There is a new listing in the Ingleside district. Though there are not many provided pictures, there also doesn’t seem to be provided walls!! If you’re looking for a project, this may be the place for you!?!?

    25 Lee Ave. [mls]

    After a reader posted a comment/question about 271-273 Chattanooga Street, I thought I’d try to look further into the matter. I have not yet come up with any concrete details as to why the property is back on the market or how it has appreciated in such a short period of time. I do have a few facts however and if anybody has any insight, by all means, speak up!

    Facts:

    • Brought on the market in July of 2006 for $1.15mm. Property was tenant occupied.
    • Listing expired in 10/06
    • The building was brought back on the market for $1.2mm and was active for 41 days. It expired again in December 2006.
    • Brought back on the market (with two of the units vacant) for $1.238mm and sold in March 2007 for $1.275mm.
    • The building went back on the market last week and is currently active at $1.365mm

    Any thoughts or insight?

    The recent listing of 219-221 Chattanooga Street is an appreciation mystery I’m trying to solve. This two unit building was brought on the market late last year with an asking price of $1.195mm. The home sold in November 2006 for $995K. The two units are tenant occupied and based on the inspections and disclosure of the original listing, I know that there is a VERY LARGE amount of work that needs to be done to this charming, but old building in the heart of Noe Valley. For one, the back of the building (which includes the bathrooms, large storage area and deck), needs to be removed and rebuilt as it’s in disrepair.

    Here is what I’m trying to figure out…

    How did this building appreciate $104K (10.5%) in a mere 4.5 months? The rent roll is exactly the same, no work was done and now weeds are growing through the deck in the back yard.

    All of that said, I’m a fan of the building and the location. Buy it at $1.01m, put in $325k (redo the back area bathrooms, storage and deck, reconfigure the units, get some new finishes, reinforce the foundation, build a garage and clean up the back yard, owner occupy the two units and condo convert). In at $1.335m and you’re living in a gorgeous 2 bed/1.5 bath, brand new condo in an amazing location.

    This year is flyin’ by. With the new quarter comes new statistics and inventory…

    Noe Valley
    Active Single Family Homes
    Active Condo’s/Lofts/TIC’s
    27 single family homes sold in Q1 with an average sales price of $1.269m
    38 lofts/condos/tic’s sold in Q1 with an average sales price of $653,000

    SoMa
    Active Single Family Homes
    Active Condo’s/Lofts/TIC’s
    0 single family homes sold in Q1
    49 lofts/condos/tic’s sold in Q1 with an average sales price of $744,083

    Glen Park
    Active Single Family Homes
    Active Condo’s/Lofts/TIC’s (nothing active)
    13 single family homes sold in Q1 with an average sales price of $1,034,000
    1 lofts/condo’s/tic’s sold in Q1 with an exact sales price of $980,000

    Bernal Heights
    Active Single Family Homes
    Active Condo’s/Lofts/TIC’s
    27 single family homes sold in Q1 with an average sales price of $850,722
    11 lofts/condo’s/tic’s sold in Q1 with an average sales price of $528,500

    West Portal
    Active Single Family Homes
    Active Condo’s/Lofts/TIC’s
    0 single family homes sold in Q1
    0 lofts/condo’s/tic’s sold in Q1


    Pacific Heights
    Active Single Family Homes (this includes the Marina, Presidio Heights and Cow Hollow)
    Active Condo’s/Lofts/TIC’s (this includes the Marina, Presidio Heights and Cow Hollow)
    11 single family homes sold in Q1 with an average sales price of $3.979,591 (only Pacific Heights)
    36 lofts/condo’s/tic’s sold in Q1 with an average sales price of $1,113,261 (only Pacific Heights)

    For some California, general real estate news, read below. As most of us know, the California stats really don’t reflect the San Francisco market.

    C.A.R.Newsline reports:

    The median price of an existing single-family home in California increased 5.7 percent in February and sales decreased 9.6 percent compared with the same period a year ago, C.A.R. recently reported. “Sales in February were at their highest level in eight months, posting their smallest year-to-year decline in 14 months,” said C.A.R. President Colleen Badagliacco. “Next month’s report could tell a different story since sales last year peaked in March. Looking forward, we are likely to see smaller year-to-year declines as we enter the traditional buying season. Homes that are well maintained and are priced to reflect the realities of today’s market will continue to sell.”

    According to the report, the median price of an existing, single-family detached home in California during February was $564,700, a 5.7 percent increase over the revised $534,400 median for February 2006. Also last month, closed escrow sales of existing, single-family detached homes in California totaled 464,560 at a seasonally adjusted annualized rate, down 9.6 percent compared with the sales pace recorded one year earlier and up 6.2 percent from home resale activity in January 2006.

    “Statewide, the number of homes for sale increased slightly in February and remain just above the long-run average,” said C.A.R. Vice President Leslie Appleton-Young. “The unsold inventory index stood at 8.8 months in February, compared with 8.3 months in January, with the San Francisco Bay Area continuing to experience leaner inventory levels compared with Southern California and the state as a whole.

    more


    As per the city and county of San Francisco Branch Library Improvement Program:

    “As part of the bond measure overwhelmingly passed in November 2000, the Library plans to make the building accessible and reduce the seismic risk, while preserving the historic character of the existing building. Plans include a designated Teen Area, an elevator and staircase added, new restrooms, and the Children’s Area will be moved downstairs and expanded.

    The branch is scheduled to close for construction in spring 2007 and reopen in 2009. During the renovation, library services will be provided by increasing hours at nearby branches, holding programs at neighborhood schools and community centers, and by bookmobile service. Closing may be delayed due to design issues, complications arising from the bidding, contracting or permit process, or other matters.”

    Friday: 03/23/07 10:30 AM EDT :
    Treasuries began the day in the green but a stronger than expected home sales report has reversed the advance and bonds across the maturity spectrum are currently in negative territory. The bullish news may be providing some support for stocks but rising oil prices are exerting counter-pressures and the indices are narrowly mixed.

    In the only major economic release of the day, the National Association of Realtors said that the seasonally adjusted, annualized pace of existing home sales rose by 3.9% to 6.69 million in February from 6.44 million in January (originally reported as 6.46 million). The acceleration, the largest in a year, surprised analysts who were predicting a decline of about 1.7% to 6.35 million.

    The Northeast experienced a surge of 14.2% to a 1.210 million rate. This was the largest increase in the region in three years and the pace was the highest since August of 2005. The sales pace rose in the Midwest by 3.9% and in the South by 1.6%. The rate was unchanged in the West.

    The report said that inventories of existing homes on the market rose by 5.9% last month, the biggest increase since last April. But with the increase in sales pace, inventories represented 6.7 months’ worth of sales, up only slightly from 6.6 months in January. Average and median home prices edged up in February but only after falling sharply in January.

    Weakness in the housing sector in the past year had raised economic concerns that Fed watchers believed would eventually lead the monetary policy committee to cut rates. But today’s better than expected sales report suggests that the housing situation may not be as dire as previously thought.

    Additional pressure on bonds is coming from additional supply headed to market next week. The Treasury will be conducting its monthly 2-Year Note auction on Wednesday and its 5-Year Note auction on Thursday. Moreover, the economic calendar is relatively heavy next week with two consumer indicators and reports on new home sales, durable goods, gross domestic product, personal income and spending, construction spending, and manufacturing in the Chicago area.

    source: www.lioninc.com

    Information Provided By:
    May Montana
    Loan Consultant-Notary Public
    Guarantee Mortgage Corp
    [email protected]
    (415) 694-5513

    That looks like a sweet kitchen to cook in! When I take a look at 464 Tehama (aka 967 Howard St) next week, I’m going to see if I forget 5th and Tehama is just out the door. That is one clean [extremely] urban home.

    [update: Wholly Toledo Batman! This place is fantastic–I’d be happy to cook in that kitchen any day, any time! The location has little impact on the space as once you step into the door, you have no idea that you are on Tehama and 5th. The home is extremely private and secluded and everything is done with the finest of materials (flush mount flat screen t.v.’s in several rooms (see below), flush mount espresso machine, built in sound system, all top of the line fixtures, etc.). It’s extremely contemporary and a touch cold, but one of the coolest “loft” spaces I’ve seen in San Francisco in a while. Email me if you’d like any more information.]

    464 Tehama [home-sanfrancisco.com]
    967 Howard St. [mls]


    OPEN HOUSE SCHEDULE:
    SUNDAY 3/4 FROM 1:00-4PM
    THURSDAY 3/6 FROM 6:00-8PM

    99 Surrey is an adorable cottage in the heart of Glen Park! This is a cute historic cottage that is just blocks from transportation (bart, freeway, bus), shopping, cafe’s and freeway access. This home is perfect for first time home buyers, developers (RH-2 lot), condo seekers, investors, or as a a pied-a-tier. It’s the perfect condo alternative and for the cherry on top… 99 Surrey is the lowest priced home in the neighborhood, has a private landscaped garden and no HOA fees! The home gets ample light, has a large bedroom, office, eat-in kitchen, and sizeable living room.

    Also, if you ask nicely and visit, we will show you some drawings (that have not been submitted to the city yet) of what a contemporary, 2-unit building with parking looks like on this lot.

    Larger Than It Looks (Although Not By Much) [socketsite]

    1243 Rhode Island Street wins my Tuesday Tour house of the day.

    Pros:

    • A whole lot of house (2268 sq. ft; 3 beds, 3.5 baths).
    • nicely cared for
    • functional in-law for rental or in-laws
    • sweet roof deck (it wasn’t opened today, but that’s what i was told)

    Cons:

    • Not the best location on Potrero Hill.
    • I have a feeling the price will get bid up above asking.
    • Very small back “yard”

    The newest development in Potrero Hill is now officially open (as of last Friday)! The sales office located at 444 De Haro Street is open and staffed and they have a model unit within the office (much like the Palms did before they were ready to give people walking tours). Reservations are being accepted starting 2/17 and their preferred lenders are Countrywide Financial and Wells Fargo. I will be viewing the model unit tomorrow, if anybody has already seen it, we’d love to hear about it!

    [update: After spending a few minutes in the new sales center I got a better feel for the project. My conclusion (keep in mind, this is based off of 10 minutes in the brand new sales center with nobody there to answer my questions) is that it does not differentiate itself from any other new condo complex outside of the fact that the location is fantastic and there is a Whole Foods on the street level. The model kitchen is shown above in the picture and the renderings of the living room of a small unit looks no different than most of the new developments out there (think The Palms, The Lansing, etc.). We are still interested in hearing what you think…]

    The Potrero! [gtwice.blogspot.com]
    The Potrero; Update [gtwice.blogspot.com]
    The Potrero [sf.curbed.com]

    C.A.R. Newsline reports:

    “The Federal Reserve’s Federal Open Market Committee today announced it would maintain the target for the federal funds rate at 5.25 percent. This is the fifth consecutive month the committee opted to keep the key rate unchanged, following gradual increases from 1 percent to 5.25 percent between June 2004 and July 2006. The federal funds target rate is the interest rate charged by banks when they borrow funds “overnight” from each other.

    In a prepared statement, the Fed acknowledged positive signs for moderate economic growth in the coming months, including the stabilizing housing market, but still cautioned that some inflation risks remain. Future interest rate increases “will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information,” according to the statement.”

    The Federal Reserve Release notes that “recent indicators have suggested somewhat firmer economic growth, and some tentative signs of stabilization have appeared in the housing market. Overall, the economy seems likely to expand at a moderate pace over coming quarters.

    Readings on core inflation have improved modestly in recent months, and inflation pressures seem likely to moderate over time. However, the high level of resource utilization has the potential to sustain inflation pressures.”

    C.A.R. Newsline
    Federal Reserve Release

    Above you will see a view from a picture I took from a bed at 2663 Divisadero St. (not a bad view to wake up to every morning, huh?). This home was built 105 years ago and has “old San Francisco” running through it’s veins. It’s nice and big, but needs some updating. The neighbors live in houses that are at LEAST as expensive as this one. 2663 Divisadero is on the market for $11m and has 5beds/5.5 baths and is 7800 sq. ft.

    Below, you will see the view from the roofdeck of 10 Hastings . This house is on the market for $11,750,000, has 6 beds/6.5 baths and the square footage is not published in the MLS. This home is modern and clean with all of today’s amenities. The neighbors homes consist of apartments and condo buildings, making this house the most expensive on the block. It’s beautiful and has some AMAZING views, but it’s set over several levels so there are a lot of stairs to climb.

    What would you do with $11-$12 million?

    310 Townsend is a new warehouse conversion in Mission Bay that has been quietly under construction for quite some time. The building was seismically retrofitted to include underground parking and 45 Exposed brick and timber condos with arched brick windows. The developers’ website boasts:

    • Soaring ceilings up to 14’
    • Most homes with balcony access
    • Flowing hardwood floors
    • Exposed brick walls and timber beams
    • Studio Becker European built kitchen cabinets with granite counter tops
    • Bosch stainless steel appliances
    • Kohler bathroom fixtures with contrasting limestone counters

    There is not a price list or floor plan on the developers’ website and suprisingly this particular project has not received as much press as many other new developments in the neighborhood. We happen to be fans of brick conversions and the bustling neighborhood, so if anybody has further info., please share!

    [update: We now have a price list, but since almost every unit has a different price, it’s too much info. to publish here. We’d be happy to share it all however, just ask. So that you have an idea; the lowest priced 1bed/1bath is $525K and the highest priced 2bed/2bath + den is going for $1.296m.]

    310 Townsend [Santa Fe Partners]

    From the folks at The Potrero :

    Priced from the low $400,000s, The Potrero offers a rare blend of studios, one and two bedroom flats and two and three bedroom townhomes. Many homes offer sweeping city views and private balconies and every home boasts an open, modern design with the latest designer finishes like Studio Becker cabinets and drawers, stainless GE Profile appliances and granite countertops.

    As a resident of The Potrero, you’ll enjoy a private, residents-only state-of-the art Fitness and Strength Center, a private Pilates Studio, dramatic landscaped courtyards and San Francisco’s largest Whole Foods Market, all within the building.

    Enjoy an established neighborhood with haute cuisine, bookstores, antiques and nightlife right at your doorstep. With brewers, chefs, poets and painters for neighbors, you’ll have plenty of inspiration to get creative with your very own new home.

    Our complete website will launch shortly showcasing even further details and the Sales and Design Center opens in February.

    The Potrero! [gtwice.blogspot.com]

    End of the year stats for your number crunching pleasure:

    2006 Potrero Hill Single Family Home Sales
    42 Homes sold (48 home sales in 2005)
    Average sale price: $1,079,751 (2005 average sales price: $971,426)
    Average Size: 1600 Square feet (2005 average size: 1396 square feet)

    2006 Potrero Hill Lofts/Condo/TIC Sales
    84 Homes sold (109 home sales in 2005)
    Average sale price: $767,651 (2005 average sales price: $742,184)
    Average size: 1440 square feet (2005 average size: 1456 square feet)

    2006 Glen Park Single Faimily Home Sales
    55 Homes sold (67 home sales in 2005)
    Average sales price: $961,657 (2005 average sales price: $1,037,813)
    Average size: 1501 square feet (2005 average size: 1769 square feet)

    2006 Glen Park Loft/Condo/TIC sales
    15 Homes sold (29 home sales in 2005)
    Average sales price: $737,667 (2005 average sales price: $746,406)
    Average size: 1288 square feet (2005 average size: 1654 square feet)

    2006 Bernal Heights Single Family Home Sales
    163 Homes Sold (193 home sales in 2005)
    Average sales price: $852,272 (2005 average sales price: $824,609)
    Average size: (no accurate data) (2005 average size: 1302 square feet)

    2006 Bernal Heights Loft/Condo/TIC sales
    43 Homes sold (28 home sales in 2005)
    Average sales price: $565,893 (2005 average sales price: $652,316)
    Average size: 1329 square feet (2005 average size: 1224 square feet)

    2006 Noe Valley Single Family Home Sales
    136 Homes sold (168 home sales in 2005)
    Average sales price: $1,401,121 (2005 average sales price: $1,312,890)
    Average size: 1957 square feet (2005 average size: 1803 square feet)

    2006 Noe Valley Loft/Condo/TIC sales
    150 Homes Sold (145 homes sold in 2005)
    Average sales price: $806,807 (2005 average sales price: $820,893)
    Average size: 1374 square feet (2005 average size: 1417 square feet)

    By: Jason Russell

    I’ll end the year by offering a few thoughts about the new tax law that was passed as one of the last acts of the 109th Congress - providing a tax deduction for PMI, known better as mortgage insurance.

    When you buy a house and make less than a 20 down payment, lenders give you one of two options to compensate for the absence of a 20% down payment - mortgage insurance or a piggyback loan (known also as a 2nd mortgage).

    Mortgage insurance is the old-school method. The borrower (you!) pay for the policy, but the lender is the beneficiary. You are essentially paying to guarantee you can make your payments. If the lender has to foreclose, the mortgage insurance policy reimburses the lender for the associated costs. Premiums depend on the size of the loan, down payment, your credit score and the type of mortgage insurance you opt for. What people fail to realize is that you are not only paying the entire financed amount but the PMI as well (90%, if you have a 10% down payment, for example). This is a strategy without merit in my opinion.

    Piggyback loans or 2nd mortgages loans are the new way of dealing with a down payment of less than 20 percent. With a piggyback loan, you have two home loans: a 1st loan of 80 percent and a second mortgage for the balance. With a 5 percent down payment, you would get what’s called an 80-15-5 mortgage: an 80 percent loan, a 15 percent piggyback and the 5 percent down payment. The 2nd loan is either a fixed-rate home equity loan or a variable-rate home equity line of credit and eliminates the need for PMI.

    Although many experts argue PMI is logical and should be examined as an alternative to a 2nd mortgage. I would not recommend this option for anyone - partly due to the flawed logic of PMI and partly because it won’t apply to many of us (good reasoning, eh ?). Would you pay an insurance policy that names your doctor as the beneficiary? To me, PMI seems similar to this idea. The tax deduction applies only to mortgages that are closed in 2007, has income limits (you get the full deduction if your income is $100,000 or less and phases out rapidly after that; no mortgage insurance deduction is available if you make more than $110,000).

    My 2 cents - I have always felt as if PMI was a waste of money - and I have a feeling the lobbying to pass this tax break was heavily funded by the folks that write private PMI policies.

    Rates are looking very attractive - rates are in the low to mid 6% range. If you are holding a short-term loan that will start to adjust before you plan to move or sell the house, you may think about a refinance into something more stable. You do sacrifice the lower payment you have now, but it may pay off in the long run - as most economists are pointing to higher interest rates in the future.

    Happy New Year….Please let me know if I can be of assistance.

     

    Best Regards - Jason

    _____________________________
    Jason Russell, Broker
    Rob Wolf and Associates
    Residential & Commercial Financing
    850 Montgomery Street, Suite 100
    San Francisco, CA 94133
    1-415-788-1334 - office
    1-866-313-5709 - fax

    There has been much discussion regarding the ethics behind a real estate agent being able to change the status of an old listing (expired or withdrawn from the market) to new by withdrawing it and waiting two weeks before it was reentered.

    According to the San Francisco Association of Realtors “effective January 1st 2007, the waiting period to relist a property as “new” after withdrawal will be extended from the current 14 days to 30 days.

    Also effective January 1st, properties which expire cannot be reentered as “new” by the same listing agent or office for 30 days.

    This change was made in response to complaints by users about “churning”. Re-entering a listing as new when it has been on the market recently, is unethical and provides inaccurate information to both users of the MLS as well as the public.”

    A home is more than just an investment and I think it’s important that folks understand that. Over the last several years, home sellers have made remarkable returns on their investments, some would argue they were/are reminiscent of the dot-com bubble and huge stock returns. Nothing lasts forever (especially too good to be true investments) and it’s been made clear that double digit returns on homes in a two year period is something that is coming to an end. I by no means want to take away from the fact that a home is a great investment over time (over time being the key words), but it’s more than just a place to make money. A home is a place to live, to eat, to grow, to rest, to spend time with loved ones and to feel good. A home is more than a money making instrument and today’s home buyers should understand that.

    There is no doubt and no refuting the evidence that over time, historically, homes appreciate. There are times where they appreciate quickly, there are times of stagnation and even times of loss, but given enough time, a home will be worth more than what it was purchased for. If a home buyer (and I’m not talking about real estate investors here) looks to the home first as a place to live and second as an investment (the two year flip is a hard thing to do these days), they will do just fine in the long run. Give it a few years, relax, make your home your temple, enjoy this fabulous city and rather than stretch your every last dollar on a home you cannot afford because you think it will appreciate above the average, move into a home that you feel good in and allows you a bit more financial breathing room–what’s the rush?

    Over the course of the next few days, we’ll be comparing ‘05 and ‘06 sales in our favorite neighborhoods — since our office is in Bernal, let’s start with Bernal.

    Bernal Heights - 2006 Single Family House Sales
    Total Sales (as of 12/13/06) 156 houses
    Average List Price - $819,000
    Average Sales Price -$850,000
    Days on Market — 37
    Number of houses “withdrawn or expired” - 33 (after an average of 77 days on the market)

    Bernal Heights — 2005 Single Family House Sales
    Total Sales (01/01/05 to 12/31/05) - 197 houses
    Average List Price - $738,000
    Average Sales Price - $823,000
    Days on Market — 32
    Number of houses “withdrawn or expired” - 33 (after an average of 44 days on the market)

    For me, the most telling statistic is the difference in days on market for the houses that are withdrawn from the market — it appears as though sellers to some extent, are starting to understand that being on the market for more than 30 days is not reason to panic.

    It’s been many moons since I’ve asked for reader participation, but I was really hoping to spark a little conversation on the blog. Greg and I post content that we hope community members find informational, interesting, helpful and/or amusing. We are always open to suggestions or tips for content and we also offer our readers the opportunity to comment, but we can’t seem to spark a discussion (don’t be shy!). Please, ask questions, make suggestions, provide tips, point out errors–we’ll do our best to address and include everything.

    vixen.gif

    A dildo factory in the Dogpatch!?!?!

    “Vixen Creations was started in 1992 by Marily Bishara, who was a Bay Area IT consultant who literally saw a hole in the sex toy market that needed to be, ahem, filled. The sex toy market was (and still is) full of poor-quality toys.”

    “Because it’s San Francisco we do things delightfully differently here. We don’t have just any dildo factory — we have one driven by a message of sexual pleasure and health, in a drop-dead gorgeous aluminum and curved wall warehouse in Dogpatch, staffed by people with more than a spring in their step and the best working conditions and employee benefits this side of the dot-com boom.”

    Violet and the Dildo Factory
    [SF Gate]
    Vixen Creations Inc. [website]

    Below is a peek into the least expensive Single Family Homes in Potrero Hill, Glen Park, Noe Valley, and Bernal Heights

    Potrero Hill
    1458 Kansas Street
    $808,000
    27 Days on the market
    Fact: price reduced by $80,000

    Glen Park
    99 Surrey St
    $499,000
    12 Days on the Market
    Fact: No pictures in the MLS, out of city agent and he describes it as “rustic.”

    Noe Valley

    3790 Cesar Chavez Street
    $825,000
    68 Days on the Market
    Fact: At one point was priced at $950,000 and back in 1994 it expired after being on the market for 180 days priced at $259,950.

    Bernal Heights

    1510 York Street
    $550,000
    32 Days on the Market
    Fact: Was listed at $599,950 in August with a different listing agent and one less bedroom? Magically it now has two beds, in August, it only had 1!

    Below is a peek into the most expensive Single Family Homes in Potrero Hill, Glen Park, Noe Valley, and Bernal Heights

    Potrero Hill
    733 De haro Street
    $1.975m
    80 Days on the market
    fact: price reduced 1 time.


    Glen Park

    1720 Sanchez Street
    $1.125m
    101 Days on the market
    fact: sold for $1.3m in 2005


    Noe Valley

    554 Valley Street
    $2.879m
    24 Days on the market
    fact: listing was on the market for 108 days prior to current listing (aka this is the 3rd time on the market, this time at a reduced price)


    Bernal Heights

    27 Benton Ave
    $1.198m
    32 Days on Market
    fact: you can hear the freeway roar from just about every room

    Most of you probably have Home Equity Lines of Credit as your 2nd mortgages, which may not be the best strategy given the inherent
    risk with this type of loan. The HELOC, as it is called, increases in rate as Prime Rate rises, which has doubled over the last few years and may still rise further, depending on the economy. A few years ago, the HELOC was a smart option, but now the HELOC doesn’t make sense for those of you purchasing a new home or those of you with high balances on your existing lines of credit.

    The alternative to the HELOC is the Home Equity Loan or “HELOAN.” The key difference is that the rate for these loans are fixed for a period of 15 years, when the loan is due, rather than adjusting at any time, as the HELOC does. You also draw out the whole amount rather than pay as your draw out the equity and make an interest and principal payment, as opposed to just an interest-only payment with the HELOC.

    For those of you with HELOCS that are ‘tapped out,’ switching to a fixed loan may be a great option. Closing costs are usually next to nothing and most lenders require no asset or income paperwork.

    Jason Russell, Broker
    Rob Wolf and Associates
    Residential & Commercial Financing
    850 Montgomery Street, Suite 100
    San Francisco, CA 94133
    1-415-788-1334 - office
    1-866-313-5709 - fax

    This month I am addressing a recent change in a TIC rule.

    The old TIC rule had previously made condo conversions more difficult for owners of 2-4 unit buildings in San Francisco, but that has changed. Part of the section below is paraphrased from Andy Serkin, a popular TIC lawyer in SF…

    The San Francisco Department of Public Works has announced it no longer needs the OK of the existing mortgage lender to allow 2-4 unit properties to be converted into condominiums. Before this change, The City wouldn’t record the “condo map” which marked the last step in the conversion process unless the lenders with mortgages on the property gave the OK for the conversion.

    If a building applying for conversion could not get the lender to sign the map, a refinance with another lender was necessary, causing delay and imposing significant additional costs - appraisal fees, loan origination costs, and title and escrow expenses.

    Although the new policy will allow some owners to complete their conversion, these owners will not be able to record their covenants, conditions and restrictions (“CC&Rs”) until they are ready to sell or refinance the condominiums. Lenders have to sign the “condominium plan” (an attachment to the CC&Rs which shows the spaces included within each condominium) as a condition of condominium formation.
    This is a minor issue - as there is no reason to record the CC&Rs and condominium plan until you are ready to sell or refinance.
    _____________________________
    Jason Russell, Broker
    Rob Wolf and Associates
    Residential & Commercial Financing
    850 Montgomery Street, Suite 100
    San Francisco, CA 94133
    1-415-788-1334 - office
    1-866-313-5709 - fax

    It’s hard to read the details of this sign on the building that had stucco recently applied (420 Berry Street), but the moral of the story–this large project that bends along the train tracks that the Cal Train runs on just off of 7th street and just across from the condo’s going in on 7th and King (601 King St.) is going to be a rental building.

    Any idea how many units there will be?

    update: according to a reader, there will be 236 dwelling units

    2.jpg

    1.jpg

    First, I’d like to apologize for the crude pictures, but the signs caught me by surprise as I have not seen them before and I just snapped as fast as I could. Below are some bullet points about the giant project on Rhode Island and 17th for your reading pleasure.

    The new project will feature and have:

    • Whole Foods Market at your doorstep
    • Haute cuisine and legendary nightlife
    • Landscaped courtyards and fitness studio
    • Quick, easy freeway access
    • The City’s best skyline views
    • Blend of studios, one- and two-bedroom flats, and two- and three-bedroom townhomes

    The Potrero [website]

    About one year ago I wrote about some changes that were taking place on or near Potrero Hill in regards to housing and retail space. About 1 year later, I thought it was worth revisiting to check up on the progress. Above (click on pictures to expand) you see the hole that was once S&C Ford, then an empty lot for years and now a major construction zone. This project will eventually be a Whole Foods grocery store and several condo units on the North Slope of Potrero Hill.

    Directly above are some images of a building that was demolished about 11 months ago and is now under construction at 7th and King Streets (601 King St.). The planned building is a David Baker design and will include 224 living units and 7200+ sq. ft. of retail space.

    Both projects are moving forward during an interesting time in the real estate market. Often times when projects are completed in “soft” markets the developers decide to rent the units for a few years so as to take the tax benifits. Though neither of these projects are taking deposits yet, it will be interesting to see how they go about bringing the completed units on the market.

    Stay tuned for Part III
    A Change is gonna come… [Greg and Garrett’s Real Estate Blog]

    It’s sad to see, but it is official, Klein’s Deli is leaving its current location at 501 Connecticut in Potrero Hill at the end of the year. Rumor has it another high-end deli will be moving into the spot and it is going to be owned by the current landlord of the building who raised the rent for the space that Klein’s currently occupies (I have not received absolute confirmation of this yet). I’m not sure where I’m going to get a better chicken salad sandwich, unless I fly out of SFO (Klein’s has two airport locations in Terminal 1 and 3 at SFO).

    680 Peralta St. is Modernism. The listing agent has created some high-end marketing pieces that show off the amazing lines and style of this house. The place isn’t incredibly large, but it screams MODERN! The house looks like it came straight out of the Dwell Conference.

    Take a look: 680 Peralta St.

    arterra.jpg

    Sitting @ 5th between Berry and King St is the Arterra. Offering “green” living, the newest of the Mission Bay housing complexes offers something unique — 1 project with several styles - “Park” “City” and “Sky”

    Grand opening on September 30th

    Arterra SF [website]

    By Jason Russell:

    This month I’ve decided to offer some words I’ve recently read about regarding Bankrate.com - and a great way to avoid 411 charges.

    The Bankrate website draws millions of visitors, promising to give a listing of companies and their rate and cost offerings for mortgage loans, and even passes that information on to most of America’s largest newspapers as fact. It has always proclaimed itself to be a tool for the consumer - delivering information and advice.

    A lawsuit is in the works against Bankrate, after hundreds of consumers complained about lenders who failed to deliver the rates and terms they promised on the website. Why would a lender post rates and terms they are unwilling or unable to honor ?

    Unfortunately, this is a common tactic to lure consumers who want to believe that they are getting an interest rate or cost package that is significantly lower than all the competition. When the consumer finds out they are not getting the package they were promised, they likely have wasted enough valuable time that they feel somewhat stuck to use whatever terms the lender offers .

    There are genuine reasons that the terms of a loan package can change. When working with a reputable lender, it would generally only be caused by a change from what was submitted on the loan application, a change in credit, income, employment, debts or assets.

    There are reputable lenders on Bankrate, and some of those lenders were the ones who prompted the lawsuit in the first place. As they were offering ‘real’ interest rates and terms they could actually honor, they could see that consumers would instead be contacting the less-reputable lenders who were posting completely unrealistic rate and cost offers. And the consumer might not find out the difference until it was too late.

    The internet at large can be a great place to gain basic information about a home loan, but the lawsuit illustrates the need to tread carefully when using the Internet in researching mortgage rates. A home loan is generally the largest financial transaction of your entire life - working with a real professional who can advise you on correct strategies and programs for your needs is a must.

    A quick consumer tip….this is not an ad…..
    The average amount an individual spends on directory assistance calls each year is $36, but heavy users can spend over $300 a year. And those calls can cost anywhere from $1.25 - $1.75 each…worse yet, directory assistance calls from a land line come with an even steeper price tag, as carriers often charge anywhere from $2 to $4 per call.

    Use 1.800.373.3411 from your cell phone or land line and avoid those charges. The service works just like GOOGLE, commercial radio, or television in that businesses pay to sponsor the service in exchange for presenting their advertisements to customers. When you call 1.800.FREE.411 an automated voice recognition system will ask you for a location, type of listing and name. And in return for the free info, you’ll occasionally hear an advertisement from one of the sponsors.

    *Market Insights*
    The news week has been slow but the Fed speakers were out in full force, injecting opinions about inflation and the economy. San Francisco Fed President Janet Yellen said that inflation was still a risk, and the Fed should be prepared to raise interest rates further. Cleveland Fed President Sandra Pianalto believes inflation is moderating…and further believes that the economy still has not fully absorbed the rate hikes. She voted for a pause in order to accumulate more information before deciding if further hikes are needed to keep inflation contained.
    So is inflation running rampant, or under control? Is the economy still picking up steam, or moderating?

    The market isn’t quite sure how to react to the somewhat mixed messages of the week - and home loan rates remained relatively stable for the week overall.

    For what it’s worth, inventories are increasing, which means more choice and buying power for the consumer…..always a good thing.

    Best Regards - Jason
    _____________________________
    Jason Russell, Broker Rob Wolf and Associates
    Residential & Commercial Financing
    850 Montgomery Street, Suite 100
    San Francisco, CA 94133
    1-415-788-1334 - office 1-866-313-5709 - fax

    Historically the San Francisco housing market sees a large jump in inventory after the holiday weekend. Though in the last 24 hours there have only been 12 new listings, stay tuned as we expect to see more homes, lofts, condo’s and TIC’s go on the market in Potrero Hill, Noe Valley, Glen Park, SOMA, and Bernal Heights.

    Some of you may be following the current change and construction down at 900 Minnesota. Today we received an update from BUILD Inc. about the project:

    “The entire site is now fenced and construction trailers have been placed in the old parking lot. We have done all of the “soft” demolition, removing the interior fittings and furnishings. We worked hard to recycle about 85% of the material that has been removed. We are scheduled to commence the demolition structural elements of the building on Monday, August 20th. Since we are “harvesting” most of the material, it will need to be hand-dismantled, bundled or crated, then moved to a mill and warehouse in Mt. Shasta, California. Some of the material will be coming back to be used in the new construction.

    In order to have enough room for this operation and the excavation of the garage in the northern half of the site, the rebuilding of 20th Street, and the extension of Esprit Park, we will need to include all of 20th Street within the fencing. 20th Street, between Minnesota and Indiana, will close starting Thursday August 24th.
    As construction progresses, the city will require us to move the fences away from the building facades to provide a safety buffer. Ultimately, we will take up the sidewalk and the parking lane on both Minnesota and Indiana Streets. To minimize the temporary loss of parking in the neighborhood, we will ask DPT to relocate the perpendicular parking from the west side of Minnesota St. to the east side opposite the project only. We will work to keep all construction parking to Indiana St. Additionally, we are hoping to rent the space under the20th Street overpass east of Minnesota as an additional parking area.”

    This should be an exciting addition to the Central Waterfront neighborhood.

    999 Wisconsin is sold! There has been a lot of buzz about this property due to the size, price, location, status changes and days on market.

    The Stats:

    Originally listed: $749,000 and sat on the market for 52 days. Withdrawn.
    2nd go-round: $749,000 and sat on the market for 20 days. Expired.
    3rd go-round: $699,500 and sat on the market for 110 days. Withdrawn.
    4th go-round: $650,000 and sat on the market for 46 days. SOLD!!! for $625,000.

    That was fun.

    One thing the Potrero Hill housing market has lacked for the last couple of years was choice. If a person was interested in purchasing a single family home on the ‘Hill, chances are, they had little choice in the matter. They needed to have a certain dollar amount, they needed to pick from a very small batch of inventory and they needed to compete against dozens of other potential buyers. The house would typically sell for above the asking price after receiving multiple offers in a matter of 12-16 days no matter what the condition or location. Sellers loved this market while buyers got frustrated. Tensions rose in offer and counter-offer situations and emotions often dictated the ungodly requests that sellers made and the silly decisions buyers made out of spite. Ladies and gentleman, boys and girls, those days seem to be behind us in Potrero Hill. Homes on the ‘Hill are still selling for about the same amount of money, but the major difference–buyers can and have taken their time with their choices. The current average days on market for a single family house on the hill (current active listings) is 38, with a low of 9 and a high of 64. Not only does it seem buyers are taking their time, but rather than being bullied by the sellers, buyers are now starting to dictate the terms, price and conditions of the transaction. Greg and I help both buyers and sellers throughout the city, we have started to see a momentum swing which is something folks should be happy about (of course the sellers are less than thrilled, but for the sake of [slightly more] affordable housing, fair negotiations and a more sustainable housing economy, a more balanced approach is healthier in the long run).

    Please feel free to email if you’d like any market statistics–I’d be happy to share.

    I’ll start out talking about a popular subject of late - Credit Scores - A topic we all love to hate (even me).

    All of us have our story about dealing with little annoyances and big deals on our credit reports. A while back I sent a note
    about how to obtain a free copy of your credit report at the following website :
    https://www.annualcreditreport.com/cra/index.jsp
    , which I still strongly encourage you to do. It is important to do this
    at least once a year, as your credit history sticks with you for a number of years.

    I’ll pick up where I left off last time - which is what to do if you spot an error. As of late, I am seeing a trend among most credit reports, that being inaccurate information being reported from creditors and for a variety of reasons. Some are just minor errors and others are more egregious, such as not reporting a mortgage as paid off, which can dramatically affect your score.

    Even if the errors don’t affect your short-term ability to get financing, over time, these items have a cumulative affect and can end
    up coming back to haunt you. Many commodity lending products (car loans and now more frequently, 2nd mortgages) are now ‘FICO driven,’ which mean your score (and nothing else) determines your rate/ability to qualify.

    If you discover an error, the first step is to call the creditor in question and figure out what their position is.
    Hopefully your quest ends there; they will inform the credit agencies and your report will be corrected over a 1-3 month period.

    This can be quite a daunting task, however, if they aren’t willing to assist for whatever reason - and where a bit of patience and creativity come into play.

    First off, know that some companies out there have no real interest in helping you. The first line phone staff is often evaluated simply on the number of calls it takes in a shift, with no consideration as to the quality of those calls. This is a strong statement, but one I’ve seen played out hundreds of times over the years.

    I’ve tried a number of strategies for clients: guilt, anger, begging - whatever works. I’ve ended a call with one ’support’ representative and gotten right back on the phone and had success. A lot of times the front line support staff will tell you they aren’t ‘authorized’ to write a letter, which may or may not be true. In this case, it makes sense to speak to a manager or supervisor.

    Our firm offers quicker solutions for a nominal fee, but those should be approached only as a last-ditch effort. Be patient and be persistent, your credit score is something you should guard carefully.

    I’ve included some market insight below - Enjoy your summer and please let me know if I can be of assistance.

    ***Market Insights****

    It appears as if the chances of a Fed Rate hike on August 8th are getting a bit lower, after seventeen consecutive rate hikes. The news showing a potential end in sight was good news for home loans - rates stabilized, or in some cases, improved slightly.

    Last week also brought a read on the housing market. The numbers were decent, not far off expectations, and confirmed Fed Chair Ben Bernanke’s recent comments that the housing market appears to be experiencing a slowdown. The week ahead is sure to be tumultuous, as we get closer to the Fed’s next announcement on August 8th.

    The week holds an important report that clarify the odds of another Fed Funds Rate hike: the Monthly Jobs Report. Analysts are expecting to see 145,000 new jobs created. If the number misses the mark, it will add to the feeling that the Fed may indeed pause at the next meeting. If the number turns out to be higher, the chance of the Fed raising again may be in question.

     

    Best Regards - Jason

    _____________________________
    Jason Russell, Broker
    Rob Wolf and Associates
    Residential & Commercial Financing
    850 Montgomery Street, Suite 100
    San Francisco, CA 94133
    1-415-788-1334 - office


    So much for the 2005 opening. For that matter, so much for the 2006 opening of the MUNI’s 3rd St. Light Rail, unless you’re strictly a weekend rider where you can enjoy the train after the Martin Luther King Jr. holiday. It seems as though it will be April of 2007 before the lines start to run daily with passengers. At least there are some cool cafes opening along 3rd St…

    SFgate

    Here’s some info on a great cause:

    Glen Park Library Campaign
    “We are a partnership of Friends of the San Francisco Public Library. Glen Park residents, and the city’s library system, working together to raise funds to help renovate the Glen Park Branch Library.

    Public bonds overwhelmingly approved by San Francisco voters in 2000 provide for building and related construction costs for the Glen Park Branch renovation. However, city bond money cannot be used for the furniture, fixtures and equipment needed to complete this project. Glen Park residents have committed to raising at least $150,000 of the estimated $500,000 that Friends is committed to provide for the tables, chairs, computers and more.”

    There is a new use for industrial land along the 3rd Street corridor. This part of the city is under constant change and I think it’s great news to hear that businesses are starting to fill space that was once considered less than desirable.

    According to the examiner:
    “Thursday’s ribbon-cutting for Fanatics, a 10,000-square-foot sports bar offering nighttime dancing, is the largest new business to open on the Third Street corridor, in the emerging Mission Bay neighborhood. Formerly known as an area of industrial businesses, Mission Bay is expected to evolve into a residential, industrial and business area, particularly with the arrival of the light rail.

    The new addition to the neighborhood is an excellent use of industrial land, said Supervisor Sophie Maxwell, who represents the Mission Bay district.”

    For more information, click here.

    The stars must be aligned right this week as the second troubled property in district 9 e/j has gone into contract. Location, location, location was working against this giant condo in Potrero Hill, but once again, it has been taken off the market. The most recent listing price was $650,000 down from an original price of $749K.

    999 Wisco [Greg and Garrett’s Real Estate Blog]
    999 Wisconsin [potrero-hill.com]
    What’s Wrong with 999 Wisconsin? [Socketsite]

    1200 Indiana–the ultimate party house that has had all sorts of trouble selling and staying in escrow is off the market yet again. This “commercial” property has been on and off the market for MONTHS with two different brokerages and several different asking prices. The price has come down at least 3 times and as of 7/7/06, it looks like it’s back in escrow at it’s newest price of $1.798 million (originally $1.998m). Currently the place is being rented for $11,500 per month (according to the MLS) until September. We are curious to see if the building stays in escrow this time around…

    Noe Valley Single Family House (Q2 2006)

    Homes sold: 40
    Average listing price:$1,361,638.75
    Average sales price: $1,440,238.75
    Average size of home: 2025 Sq. Ft.
    Average days on the market: 25

    Noe Valley Single Family House (Q2 2005)

    Homes sold: 44
    Average listing price:$1,072,272.73
    Average sales price: $1,225,611.09
    Average size of home: 1573 Sq. Ft.
    Average days on the market: 24

    There were about as many sales in q2 2005 vs. q2 2006. Both the listing price and sales price increased from year to year (notice however that the average size of the homes went up in 2006) and it took about as long to sell these homes year over year in the same quarter.

    Noe Valley Condo/loft/TIC (q2 2006)

    Homes sold: 37
    Average listing price: $816,918.92
    Average sales price:$842,608.08
    Average size of home: 1405 Sq. Ft.
    Average days on the market: 53

    Noe Valley Condo/loft/TIC (q2 2005)

    Homes sold: 43
    Average listing price:$784,988.37
    Average sales price:$887,081.40
    Average size of home: 1293 Sq. Ft.
    Average days on the market: 26

    Fewer homes sold in q2 2006 vs. q2 2005. The average listing price went up in 2006, but the average sales price dropped! Also, it took much longer for condo’s/lofts/TIC’s to sell in Noe Valley q2 2006 then it did in q2 2005.

    The second quarter of the year has just come and gone. It’s a good time for us to look back and see what has happened so far versus the same time the year before. The data is provided by the San Francisco MLS.


    Potrero Hill
    Single Family Homes (Q2 2006):
    Homes sold: 19
    Average listing price:$1,078,947.37
    Average sales price: $1,139,092.11
    Average size of home: 1417 Sq. Ft.
    Average days on the market: 30

    Potrero Hill Single Family homes (Q2 2005)
    Homes Sold: 17
    Average listing price: $838,997.06
    Average sales price: $979,970.59
    Average size of home: 1645 Sq. Ft
    Average days on market: 28

    Potrero Hill Lofts, TIC’s and Condo’s: (Q2 2006)
    Units sold: 24
    Average listing price: $861,333.33
    Average sales price: $858,887.50
    Average size of unit: 1472 Sq. Ft.
    Average days on market: 39

    Potrero Hill Lofts, TIC’s and Condo’s (Q2 2005)
    Units sold: 37
    Average listing price: $679,562.16
    Average sales price: $754,231.08
    Average size of unit: 1674 Sq. Ft.
    Average days on market: 32

    Glen Park Single Family Homes:(Q2 2006)
    Homes sold: 12
    Average listing price: $950,833.33
    Average sales price: $993,916.67
    Average size of home: 1478 Sq. Ft.
    Average days on market: 41

    Glen Park Single Family Homes (Q2 2005)
    Homes Sold: 17
    Average listing price: $916,000.00
    Average sales price: $1,026,264.71
    Average size of home: 1519 Sq. Ft.
    Average days on market: 28

    Glen Park Lofts, TIC’s and Condo’s:(Q2 2006)
    Units sold: 2
    Average listing price: $764,000.00
    Average sales price: $770,000.00
    Average size of home: 1493Sq. Ft.
    Average days on market: 31

    Glen Park Lofts, TIC’s and Condo’s (Q2 2005)
    Units Sold: 8
    Average listing price: $623,125.00
    Avererage sales price: $795,000.00
    Average size of home: 1223 Sq. Ft.
    Average days on market: 151

    This is very exciting–the first public library to open in San Francisco in the last 40 years is going to open its doors on July 8th 2006. This 7,500-square-foot library will cater to the burgeoning new Mission Bay neighborhood and is located at the corner of Fourth and Berry streets. The library is easily accessible by MUNI and CalTrain and is yet another step in changing the landscape of the Mission Bay district of San Francisco.

    According to the Mission Bay Library website, “the library’s collection of approximately 34,000 books, CDs, DVDs and other materials will highlight local interests such as baseball, maritime history and boating. A children’s area, along with books, storytimes and special programs, will be available for the growing number of families moving into the neighborhood. Materials in large print and a state-of-the art large print reader to assist visually impaired patrons also will be available.”

    For more information about the new Mission Bay Branch Library,
    please call (415) 557-4277, or visit www.sfpl.org.

    As we’ve all seen with interest rates, they have been progressively worsening, but many of you may not know what index mortgage movements are tied to. The 10 year Treasury Note is the financial index tied to the interest rate fluctuations. I’ll keep it simple - as this index rises, interest rates worsen. Economist like to evaluate the patterns of this index to determine which way rates are headed - and some are predicting that this index has hit a “floor” of support that may bring improvement to interest rates.

    There isn’t much in the way of economic news, and it seems the market is in limbo pending the Fed meeting on Thursday.
    As always, Inflation is a concern; the Fed seems committed to another .25% increase, and may go further.

    When the Fed raises the Fed Funds Rate, it directly impacts Home Equity lines, credit cards, car loans, business loans, all of which have been moving higher over the past two years. It is always a good idea to consider restructuring your outstanding debt.
    Lots of new data will surface this week - Home Sales, Consumer Confidence and Sentiment, and Personal Income and Spending along with the important Fed meeting. All of which will be telling in the Fed’s next steps after this week’s rate hike.

    Please let me know if I can answer any questions….

    Best Regards - Jason
    _____________________________
    Jason Russell, Broker
    Rob Wolf and AssociatesResidential & Commercial Financing
    850 Montgomery Street,
    Suite 100San Francisco, CA 94133
    1-415-788-1334 - office
    1-866-313-5709 - fax

    I’ve always been fascinated by bridge building–it’s true, I watch all of the Modern Marvel bridge making series’. The fact that I’ve been watching a giant bridge get built over the years has been bittersweet for me as the construction is amazing, but the traffic is a nightmare.

    I remember several years back when the chain link fence went up on the eastern span to the right of the existing bridge–now a massive recognizable object is standing freely in the water!

    This picture was taken heading east on the bridge just after the Essex St. on ramp in the city. The western span of the bridge is a whole different engineering beast. Nobody likes the traffic, that’s a given, but you must find it interesting that with today’s understanding of bridge making and the available tools, people are actually able to build a bridge around you while keeping it in use.

    Sure, this is costing zillions, of course the traffic stinks and it’s true–none of us know if all of the work will actually withstand a giant quake, but in the meantime, it’s history in the making…

    8887thst.jpg

    Many of you have seen the corner of 7th and King St as construction is well underway - here are some details:

    224 new condos
    28 different floor plans
    BMR (Below Market Value units) available.

    Currently there is no way to pre-register, but we’ll keep you posted when they do and when we get more information.

    Live at 888 [website]

    2301 Diamond St. Was one of the many places I previewed on Tuesday and though I saw some great places (and not so great), I thought this one took the award for “most visual stimulation.”

    A little about the house:

    • 3500 sq. ft (huge)
    • 4+ beds, 3.5 baths
    • detached on 3 sides
    • 19′ ceilings with windows from floor to ceiling
    • garden
    • state of the art kitchen
    • Price: $1,995,000

    It’s a whole lot of house and the finishes are great, but nobody would know after just walking through. The sellers are art and rug collectors of sorts and they did not spare more than a few inches of wall without putting up a modern piece of art. Every room had several expensive and busy rugs placed over the carpeting. Between the floor to ceiling art on the walls, the art in displays and the rugs on the floor, I was just trying to keep from getting motion sickness. I know the house is great and it would be perfect for chef’s and/or entertainers, but to really be certain, I’d have to see the place again after it is cleared. Often times a house that shows this poorly can be a fantastic opportunity for a buyer. The few buyers that can see past the current state of information and stirring colors that are forced at you upon walking in may actually find a large Glen Park gem.

    2301 Diamond St. [MLS]

    888seventhstreet.jpg

    Wondering what’s going on at the corner of King / Townsend / 7th St?

    Schtuff:

    Number of units 225
    49 one bedroom
    81 two bedroom
    33 three bedroom
    49 studio’s
    7215 sqft of retail commercial space.

    Units will be a mix of affordable and market rate units. Originally slated for competition before end of 2006 — which is less than likely.

    David Baker Architects [website]
    “Deconstruction” [movies about the project]

    999 Wisconsin came on the market for $789K in October of 2005. The price was decreased to $749K in November of 2005 and taken off the market in December of 2005. After people had fun with their families over the holiday and were ready to jump back into the market, this large yet location-challenged condo was brought back on the market in January of ‘06 at the price of $749K. This poor big-blue condo sat around with no love and was thus reduced to $729K in Feb. 2006. Dropped again to it’s lowest price of $699,500 in March of 2006 and still, big-blue sat. It was withdrawn from the market this week after sitting on the market for 180 days. Was the location the biggest drawback? Is the location any worse than the surrounding streets where several lofts and condo’s have sold in the $700K-$1+million dollar range?

    Looking for a single family house under 1 million dollars — try Bernal Heights! There are currenly 27 — yes that’s right — 27 single family homes on the market in Bernal Heights.

    Some Stats –

    • 26 of those homes are under 1 million dollars.
    • 12 have been on the market for 40 days or more

    Should be very interesting to see what happens with this inventory — if you want any additional info on our thoughts regarding the Bernal market contact us and we’ll give you our two cents including which homes we think are available at or under asking.

    There are significant plans in place for the Central Waterfront district of San Francisco which will impact Potrero Hill, SOMA, and Mission Bay. Below are a few excerpts from the land use plan released by sfgov.org. There are several more reports ranging from open space to transportation, which can be found at the sfgov.org site.

    The Central Waterfront includes a mixed-use district which would enable the creation of up to 1,100 housing units in the Central Waterfront within 5 years and up to 1,600 housing units over the next 20 years, according to the Planning Department’s analysis of sites likely to be redeveloped.

    The Pier 70 Mixed Use District is intended to foster a lively working environment based on industrial, research and development, or creative activities. Pier 70 is very near to Mission Bay, which will also be the home to a new UCSF campus, now under construction. Generally, uses permitted in this district allow the flexibility to create a mix of arts-oriented, light industrial, research and development, institution and entertainment activities. The proliferation of general office as a principal uses is not allowed. However, a limited amount of office space related to or supportive of R&D, creative, or industrial activities at Pier 70.

    Read the rest of this entry »

    It’s been years that the residents and workers along the 3rd St. corridor, SOMA, Central Waterfront and Potrero Hill have been waiting for the MUNI 3rd St. light rail. We have all seen the progress over the last few months as stations/stops seem to be getting their finishing touches. But when do we get to ride already?

    A little history (from the MUNI website):

    Construction on Phase 1 of the light rail line began in 2001 and is anticipated to last until late 2005 (woooops)

    • Phase 1 will extend Muni Metro light rail service south from its current terminal at Fourth and King Streets. The line will cross the Fourth Street Bridge and run along Third Street and Bayshore Boulevard, ending at the Bayshore CalTrain Station in Visitacion Valley. Tracks will be constructed primarily in the center of the street to improve safety and reliability and 19 stops will be provided. This phase of the light rail project is expected to open for service in 2006.
    • Phase 2 will extend light rail service north from King Street along Third Street, entering a new Central Subway near Bryant Street, crossing beneath Market Street and running under Geary and Stockton Streets to Stockton and Clay Streets. Underground subway stations will be located at Moscone Center, Market Street, Union Square and Clay Street in Chinatown. Muni and the City are actively pursuing funding for the Central Subway.

    How long is construction going to last on Third Street?

    Construction along Third Street started in May 2002 and will be complete in mid-2006 (we are just about there, but no trains have started to test run–still several months away).

    When will the Third Street Light Rail Line start running?

    Revenue service on Third Street is anticipated to begin operating in December 2006 (and I have heard rumors that it will not be until early 2007).

    Hang tight–hopefully we’ll be able to ride within a year…

    By: Jason Russell

    mortgage market update:

    “The changing of the guard with a new Federal Reserve Chairman has ushered in a new era - along with further increases to the Federal Funds Rate, which directly affects Prime Rate.

    The recent .25% hike is the 15th consecutive increase in rates, raising Prime Rate from 4% to 7.75% over the last few years. The Fed meets again next month, and it seems clear Prime Rate is headed to 8%.

    The story hasn’t changed - keep an eye on your adjustable mortgages if you plan to stay in your homes beyond the time they will start adjusting. In the case of the HELOCs, those rates keep rising and rising - close attention needs to be paid here as well.

    For those with adjustable rate mortgages or home equity lines of credit, long-term rates and fixed home equity loans are still at very attractive rates. These rates/payments are potentially higher rates that your current ARMs and HELOCs, but paying for security over the long haul can be as important as a lower payment in the short-term and can curb some sleepless nights. The best move if you plan on staying in the home for a few years longer is to think about refinancing into fixed-rate money.

    That said, you don’t necessarily need a 30-year mortgage. 10 year ARMS are still very attractive, with rates in the mid 6’s. This rate is a little bit lower than a 30-year loan and you still have 10 years of fixed rate security.

    For those with Home Equity Lines of Credit (HELOCs), the rise in interest rates has been more rapid as of late. If you can pay down your HELOC balances, this is your best option, otherwise - think about refinancing the debt into a fixed rate loan.

    A Home Equity Loan (HEL) is basically a second fixed mortgage. Unlike a HELOC, where the payments start only once you draw from the account, a HEL gives you a lump-sum loan, and you must start making payments immediately, But, unlike a HELOC, the interest rate on a HEL is fixed — in this environment, it may be your best option.

    The best case scenario occurs if the value of your property has increased to a point where you can take your 1st and 2nd mortgage balances, and combine the two into a new fixed rate 1st mortgage. Your new loan amount should not increase 80% of the new appraised value.

    For example, If you bought your place for $100,000 and put 10% as a down payment - you currently have an $80,000 1st mortgage and $10,000 2nd mortgage (lower if you have paid down the balances). If the new appraised value is $115,000 or higher, you can take the $90,000 in total loans and get one new loan, which would be about 78% of the new value of the property.

    There is a silver lining here - with the increase in interest rates comes increases in deposit accounts. Yields of 4 percent in short-term bank accounts such as money markets or 5 percent interest rates in short-term CDs are available in a variety of locations. “

    Jason Russell

    Now we will take a moment to review the sales stats in Potrero Hill for the first quarter of this year.

    Quarter 1 Sales in Potrero Hill

    Single Family Homes
    7 single family homes sold in the first quarter of this year
    Average square feet: 1855 (only 3 of the homes actually have sq. ft. data in the MLS)
    Average sales price: $1,280,428.57
    Average days on market: 32

    conclusion: Looking at the average data is a little tricky because there is some missing information (square feet) and there were 2 very large sales ($1.795 million and $1.95 million). Single family homes on the Hill are always popular–they sell for significantly more now than they did a few years ago and it continues to be a sought after destination spot. Just for some comparison, in the first quarter of last year (2005), there was only 1 single family home that sold and it sold for $875K.

    Condo’s/Lofts/TIC’s
    9 condos/2 lofts were sold in the first quarter of this year
    Average square feet: 1178
    Average sales price: $736,272.73
    Average days on market: 52

    conclusion: Quarter 1 of 2005 included 21 sales of condo’s, TIC’s and lofts with an average sales price of $741,976.19–just slightly higher than quarter 1 in 2006 (but MANY more sales). The average days on market was 28 (much shorter). I think you would agree–the data is interesting. There were fewer transactions and a slightly lower sales price Q1 2006–why do you think that is? There is currently an abundance of Condo/TIC/Loft inventory on the Hill and homes seem to be selling.

    Greg and I work with both buyers and sellers of real property in San Francisco. What we have found is that buyers are slightly more cautious today versus this time last year, yet sellers typically demand the same quick turn around with selling a house. The market has not shifted to what I would call a “buyer’s market,” however, buyer’s certainly do have more choice and leverage in negotiation. If you want to get the top dollar for your home, make sure your real estate agent has creative marketing techniques to expose your property to as many potential buyers as possible. Just as important–make sure the property is priced correctly!

    It’s that time again, time to reflect and take a look at what has been happening in our back yard.

    Despite what you may hear in the news or read in the papers (and blogs of course), the San Francisco real estate market is still moving ahead–at least in Glen Park and Potrero Hill it is.

    Quarter 1 sales in Glen Park

    Single Family Homes
    7 Single Family Homes Sold
    Average Square feet: 1730
    Average Sales Price: $1,025,500
    Average Days on market: 40

    Conclusion: Fewer single family homes sold in Glen Park in the first quarter of this year versus last year, leading me to believe that has something to do with the increased average sales price (lack of supply leads to higher prices). Most reports I have read warn about saturated markets with multiple homes for sale–doesn’t seem to be the case here.

    Condos/Lofts/TIC’s
    4 condo and TIC Sold (2 condo, 2 TIC’s)
    Average Square feet: 1360
    Average Sales Price: $708,500
    Average Days on Market: 43

    Conclusion: This is interesting–last year there were more that sold (9) and the average sales price was higher ($844,333.33), that goes against my logic stated above, hhmm… That said, perhaps it’s time for Glen Park condo owners to think about selling–low inventory means higher prices (well, usually).

    What is imperative is that home sellers demand the most from their real estate agents. Agents that maximize exposure of a home, utilize creative marketing techniques and price the property correctly, get top dollar in today’s market.

    Data for quarter 1 sales in Potrero Hill to be published soon, stay tuned….

    Out of the 15 homes that have sold this year in Potrero Hill, 5 have sold for over the asking price, 6 have sold for under the asking price and 4 have sold for exactly the asking price.

    Does this mean anything to buyers and sellers?

    According to Goldstein, Gellman, Melbostad, Gibson + Harris LLP:

    In January, the San Francisco Board of Supervisors voted to send all lottery condominium conversion applications before the Planning Commission to allow the public an opportunity to question the legitimacy of each conversion. Prior law required a public hearing only for 5-6 unit properties. Mayor Newsom will veto the new legislation, which passed by only a 6-3 vote, indicating that his veto will not be overridden by the Supervisors.

    On December 6, 2005, the Supervisors slightly changed the rules for the 2006 condominium conversion lottery, while tightening rules on so-called “protected evictions” of elderly or disabled tenants.

    The City has nearly doubled its application fee for condominium conversions to $8,336. The purpose for the fee increase is to allow for hiring of additional staff to help process conversions more quickly. Given the backlog of pending applications, however, conversion applicants are unlikely to see any significant shortenings of conversion processing times in 2006.

    About 2.5 weeks back I wrote about the lack of inventory on the ‘Hill. My oh my, it’s amazing how different the active homes for sale list looks like now with 4 Single family homes averaging $1,532,000 and 15 lofts and condo’s versus the list just a few weeks back!

    click: Active Potrero Hill Single Family Homes
    click: Acive Potrero Hill Lofts and Condo’s

    Though Glen Park has a few more active single family homes, there is not 1 loft or condo for sale!

    click: Active Glen Park Single Family Homes
    click: Active Glen Park lofts and Condo’s

    mansionimposs.gif

    If you have a few minutes in your day and need an escape or if you just really enjoy a good time waster, be sure to play Mansion Impossible.

    It’s a fun game that can be played in less than 10 minutes. The goal is to buy and sell homes and make enough money doing it so that you can afford the mansion–it’s all about the butta baby.

    Mansion Impossible [freeworldgroup]

    It seems to me that if you’ve ever considered selling your Potrero Hill home, it would make a whole lot of sense to to take advantage of the lack of supply.

    There are currently very few homes for sale on the Hill
    (as of 2/15/06–data provided by Potrero-Hill.com):

    Only 1 Single-Family Home:

    555 Kansas Street (99 Days on the Market. 3 Beds and 3.5 Baths)

    Only 2 North Slope Condo’s:

    649 Carolina Street (41Days on the market. 2 Beds and 2 Baths)
    1623 18th Street (107 Days on the market. 2 Beds and 2 Baths)

    Homes sold exclusively on Potrero-Hill.com sell at or above asking price within 21 days. Our results speak for themselves and we are committed to providing unprecedented service.

    For additional information or a free evaluation of your home, please contact us at: [email protected]

    More condominiums are coming to the Central Waterfront/Dogpatch area, 142 of them, along with parking, 1-2 bedroom lofts, townhouses and will be priced between $600,000 and $1 million. The Esprit condo development will be the biggest housing development in the Dogpatch neighborhood and will include large open courtyards.

    To read more, visit: San Francisco Business Times

    What do our Central Waterfront readers think?

    Tenancies In Common (TIC) are very popular throughout San Francisco and are always a hot topic at city hall, in real estate law offices, with the SF Board of Realtors, and with buyers and sellers of TIC’s or multi-unit buildings.

    Over the last couple years, we’ve seen outrage from tenant rights groups, change in the way banks finance such property, change in law in regards to converting TIC’s into condominiums and the price of TIC’s skyrocket. I get questions each week from clients and interested folks trying to gather more information about how to purchase such a property and whether or not it makes sense.

    First, a couple definitions:

    In SF, a TIC is: a 2+ unit property that is owned by the entire TIC group in percentage shares and a detailed written agreement describes each TIC member’s rights and duties, including exclusive rights to use and occupy particular dwelling units along with assigned storage, parking and decks. (This is from the attorneys, Goldstein, Gellman, Melbostad, Gibson and Harris) .

    A condominium is: an individually owned unit including the space within the walls, floors and ceilings of a dwelling, plus shard ownership of the remainder of the property, known as “common areas.” Owners pay monthly dues to their HOA to cover common repair and insurance expenses, but pay separately their individual mortgages, property taxes and utilities. (Goldstein, Gellman, Melbostad, Bibson and Harris)

    Read the rest of this entry »


    For our Potrero Hill Readers and other interested folk:

    Public and subsidized housing is a very heated issue in San Francisco. There are several low-income, subsidized developments throughout the city, but for Potrero Hill residents, none hit closer to home than the Potrero Terrace and Potrero Annex. Though many of you may not have walked or driven through these housing projects, you all know they are sitting on prime San Francisco real estate. The views are incredible and the location is in Potrero Hill’s hip back yard.

    There has been plenty of speculation as to what is going to happen to these barrack-style buildings over the next few years and at the moment, all we can do is speculate, as there seems to be very little set in stone at the Board of Supervisors office.

    Some developers want that land to place high-end housing, open space and retail. Others want to build a more comfortable subsidized environment like the Haight projects and some would even like to see an integrated living space that can take advantage of the perfect location, yet create some below market rate housing and some high-end development.

    In 2003, San Francisco city government officially invited developers to come up with plans to rebuild 18 of the city’s most dilapidated public housing projects. There were no developers that were interested in the Potrero housing projects because they knew that homeowners’ associations on the the hill are zealous anti-development advocates. Almost all developement on the ‘Hill is greatly researched and scrutinized, but this particular project gets full attention from the Potrero Hill residents as everybody is concerned for their safty, their investment and their overall wellbeing.

    What could be put there to best utilize the space without completely displacing those that cannot afford sky high SF real estate? Do you think the area should stay 100% low income but with a much more friendly set up (open space, modern units, etc.)? Potrero Hill residents and Boosters have a very strong voice, when the time comes, what would you like to see there?

    Hi All,

    We thought that you may enjoy some 2005 sales stats so that you could make your own conclusions about the market.

    Potrero Hill Single Family Homes:
    Homes sold: 47
    Average listing price: $872,084
    Average sales price: $981,136
    Average size of home: 1404 square feet
    Days on the market: 27

    Potrero Hill Lofts and Condo’s:
    Units sold: 94
    Average listing price: $688,748
    Average sales price: $748,788
    Average size of unit: 1224 square feet
    Days on market: 30

    Glen Park Single Family Homes:
    Homes sold: 66
    Average listing price: $940,045
    Average sales price: $1,039,886
    Average size of home: 1775 square feet
    Days on market: 29

    Glen Park Lofts and Condo’s:
    Units sold: 13
    Average listing price: $805,265
    Average sales price: $876,000
    Average size of home: 1562 square feet
    Days on market: 28

    There are some very interesting numbers there. I bet most of you did not expect to see Glen Park’s numbers looking like that–higher than Potrero Hill’s.

    What do you think all of this means???

    floorplan1a.gif

    There is now more information available about the Sierra Heights project as they now have a website. On the site there are floor plans and renderings. Unfortunately there is still no price information available.

    According to the sierra-heights website:

    SIERRA HEIGHTS offers elegant, contemporary living on a new side of Potrero Hill. The development consists of sixty-seven new residences all with a fresh presentation and contemporary feel. There are one, two and three-bedroom homes available across three separate buildings on the site. The three buildings are joined by a beautiful courtyard area which creates a sense of intimacy and scale.

    Located on the corner of Texas and Sierra Streets on Potrero Hill, the project provides spectacular East Bay and waterfront views. Many homes have beautiful outdoor areas which will allow new owners to enjoy the tranquility of the landscape.

    Sierra Heights [website]

    ucsf.jpg

    Due to budget constraints, UCSF has decided to delay the ground breaking for the new Mission Bay hospital. Though some on Potrero Hill may be excited about the lack of construction and additional years with a bay view, others are concerned.

    UCSF Delays Mission Bay Hospital Plan
    [Business Times]
    UCSF Mission Bay Campus [website]

    A good friend of mine told me that he’s curious to see what happens to SF home prices in the upcoming year. I told him that I’m just as anxious, but I don’t foresee a major change. Shortly thereafter, I read this article in SFgate.

    The jist:

    Slower job growth but no recession
    Home prices flatten but don’t plunge
    A change at the Fed adds to uncertainty

    Sluggish growth seen for state [SFGate]

    San Francisco has seen an extremely strong “sellers market” over the last several years. I’m not convinced things have completely changed yet, but I have noticed a shift. Personally, I think it would be nice to have more of a balanced approach–both buyers and sellers feel good about the transaction and are in equal control.

    A buyer’s market is one where there is ample amounts of inventory and very little activity. A market like this is fantastic for prospective buyers–sellers loose some of their power, you have several homes to choose from and typically your dollar goes a bit further since you’re not competing against other buyers. This type of market requires sellers to be very cautious if they want to protect their investment. A seller cannot underprice their property in a strong buyer’s market, overpricing is the kiss of death. It’s also important that sellers market their property uniquely, creatively and in abundance.

    Again, I don’t think things have changed completely, but our market was due for a correction. Though everybody wants to protect their investment and make money on a sale, it’s just as important that families that need or want to own their own home have the opportunity.

    bart.jpg

    It’s nice that Glen Park has a Bay Area Rapid Transit station. I enjoy BART stations.

    Glen Park Bart [website]

    We are now hearing about it every day in our real estate crazed town. The news, the newspaper, web-postings, and the radio are all talking about the market change, most of it in a negative context. So much of what consumers do is based on confidence. Much of consumer confidence is based on an unexplained, unjustified “feeling” of the economy. Greg and I have noticed a change in attitude from our buying clients and we are trying to be as clear and upfront with our selling clients by letting them know they will not receive the same amount of money for their home today as they may have 3-6 months ago. That being said, there is nothing negative about this market, you just have to approach it the right way. Balance is key in everything–I’m of the opinion that there is slightly more balance in the market at the moment.

    Greg and I have picked Potrero Hill and Glen Park as two places that can still be a great place for sellers and an opportunity for buyers. Anybody selling their home in either of these neighborhoods is still going to make a great deal of money if they purchased it in the last few years and the home is brought on the market with TONS of exposure–sellers need to separate themselves from the rest of the listings out there (want to know how?). Buyers no longer need to be as afraid of multiple bids and overbidding. In fact, in many cases, buyers actually have some power–that’s right, I said it–sellers are no longer in complete control.

    It is my job to get my selling clients the most money possible for their homes and get my buying clients in at the lowest dollar amount possible. This market correction we are clearly seeing is definitely good news for my buying clients and for the sellers, you just need to be more realistic–there is plenty of money to go around and Greg and I can help you get it.

    Most of the readers of this blog live in either Potrero Hill or Glen Park–I’m very interested in hearing your thoughts about your micro-housing economies and all of the new developments. Buyers, do you feel this is finally your opportunity? Are you still skeptical of high prices and higher interest rates? Sellers, do you feel as though you’ve missed an opportunity? Do you feel as though your agent is doing a good job to make your house the greatest one on the market? Is there any investment outside of real estate that yielded such amazing profits over the last few years? Just some food for thought….

    By: Jason Russell

    With rates still bouncing up and down, it seems as if everyone has an opinion about where rates and the housing market is headed, and these opinions don’t seem to provide much useful advice.

    No one can predict which direction rates are going to head or where housing prices will be in the future. Analysts and economists want to believe they have the tools to make such predictions. In reality, they are just guessing.

    So, what does that mean for you ?

    - If you are shopping for a new home and are nervous about rising interest rates, get into a mortgage that you can afford and that best matches the time you will stay in or keep in the property. If you are sure this is a home you only see yourself in for a few years, then there is no need for a longer term mortgage. Conversely, if there is a white picket fence outside the place, by all means, get into that 30 year mortgage.

    - If you are shopping and concerned that prices will fall right after you purchase, I would again give the same advice. Get into a rate/payment that will allow you to ride out the fluctuations in the market AND is a loan/payment you can afford. This way, if the market does correct, you can stay in your home and not worry about selling due to not being able to make your payments.

    Of course, this applies for refinancing as well. Rates have been trending up, and if you see yourself needing more security and don’t want to be concerned about rising rates, move into a loan that gives you a longer fixed term.

    The down side is that you are almost surely taking a higher rate when they switch from an ARM to a fixed-rate loan. But, the tradeoff is that you don’t have to worry about the rate rising in the future. An interest rate for 30 years in the mid 6’s is still an amazing deal by historical standards.

    Prime Rate (the benchmark rate tied to 2nd mortgages) will continue its climb, and those of you with large adjustable 2nd mortgages tied to prime rate should possibly look to refinance out of some of this debt.

    Please let me know if I can answer further questions about your financing needs.

    Best Regards - Jason

    Jason Russell

    Do you remember Potrero Hill 15 years ago? 10? 5? I moved to San Francisco 7 years ago and at that time I was 1. Not extremely familiar with Potrero Hill and 2. Was told it could be a dangerous place with nothing to do. I started to get to know the city a bit over the course of my residence only to find myself in Potrero Hill for the first time about 6 years ago. It was a sunny afternoon (what a shock, right?) and I was headed to the Anchor Steam Brewery with my friends for a tour. That was my first experience with the ‘Hill and I was intrigued–there was parking, there was sun, there were a ton of single family homes, open space and cute shops. I lived around the city a bit after that visit and started to meet people that lived on the ‘hill. Everybody that lived in Potrero seemed so proud of their neighborhood, so comfortable and so glad that area had not been exploited yet.

    As most people in San Francisco know, Potrero Hill has been one of the hottest places to live over the last 3 years with the new Mission Bay campus, the well-publicized home prices and the pride in ownership that seems to be ramped on the ‘Hill. There is sun, parking, beautiful homes and a sense of community that does not exist in most of the city. I have lived in 8 districts in San Francisco and I have not loved more or felt more comfortable than I did in Potrero hill. To buy a single-family house on the hill is no longer the bargain it was 2, 3, 5 or 10 years ago. Residents have put so much time, money and pride into their homes that a potential buyer needs a significant income to afford to live there.

    As a real estate agent, I’m always trying to find great homes for my clients. Greg and I have several clients that would live nowhere but on the ‘Hill, so our roots have been planted there and will continue to help buyers buy and sellers sell on the ‘hill for as long as I can see. That being said, we have also tried locating the next “big thing.” I’ll be honest–there is no place in the city with as much sun, as much parking and as much community tie, but Greg and I have located a place where we believe will be the next big boom in the San Francisco housing market–Glen Park!

    Sure, you know Glen Park–the district with the Bart station, the area on the other side of Twin Peaks near the 280 freeway. Glen Park, with several single family homes and the infrastructure for a very cute, hip, commercial district. Glen park is what Potrero hill was several years ago. It is what Bernal Heights was just a couple years ago–untapped potential! Relative to Potrero and Bernal, Glen Park homes are more affordable. Many of the homes have back-yards, parking and are close to transportation. The pride in ownership isn’t as strong in glen park as it is on the hill, but I’m guessing that is going to change over the next few years as people “discover” Glen Park again.

    The infrastructure is there! Chenery Street has many commercial businesses, restaurants, and pubs–the exterior may need a face lift, but that’s it! There is a Bart station which many SF neighborhoods cannot boast and as we have been putting our clients into homes in the area, we have been getting nothing but amazing feedback and excitement.

    1 reason why living on the ‘hill is so fantastic—views for miles…..

    bubble. bubble this. bubble that. our economy is in a bubble. the housing market is in a bubble. people in california live in a bubble. i think “bubble” must be one of the most over-used, over-hyped words of 2005. why are all the commentators, authors and everybody that thinks they are an expert continually fueling the “bubble” talk?

    yes, energy prices have gone up significantly. yes, interest rates have gone up over the last year. yes, housing prices have appreciated at unprecedented paces over the last few years. how does any of this constitute a bubble? let’s say inflation sets in, interest rates rise and housing prices “mellow” a bit. is it all over at that point? would you consider our bubble to have popped if this happens? has our economy slowed in the past and if so–did the bubble pop?

    our economy is very sensitive to analysis, chatter and consumer confidence. at the moment, all a consumer hears is negative dialogue which creates a nervous buyer. simmer down–the US economy is going nowhere. there are always peaks and troughs–if anybody knows this, it should be us, the bay-area residents. we saw boom with a gold rush, we saw bust with an earthquake. we saw boom post-war, we saw bust with the regan era. we saw boom with the dot-com, we saw bust shortly thereafter. we saw boom over the last 4 years with historically low interest rates….. will we see a bust? if so, will we recover? if history is any indication–absolutely!

    i’ve noticed the attitudes of home buyers change a bit over the last two months. most of them tell me about what they recently read or talked about with friends–i typically share my thoughts and try to create some thought provoking questions for them. you see, home buyers in SF are leary of a deal. many think that if there are not multiple folks putting an offer on a house, then something must be wrong. they think that if a home is on the market for 14+ days, it must be a bad house. additionally they think, this bubble will pop! as far as i’m concerned, now is a great time to consider purchasing a home. there is more inventory to choose from now than there has been in years. interest rates are still low and all of the signs show they will likely increase–meaning, purchasing power is stronger now than it may be in the upcoming months.

    the market has shifted, no doubt. in my opinion, we were due for a shift and i welcome it. the home sellers that greg and i work with are becoming more educated (we’d like to take a tiny bit of credit for that) and understand that their home may not sell in 10 days and receive multiple offers. instead, greg and i try to approach the marketplace fairly–price the house at a point the seller is comfortable with accepting. buyers enjoy a market like that because there is no game, no confusion and much less guessing. for our buyers, greg and i find great deals every single day. there are a lot of houses on the market right now and many of those sellers are being represented by agents that don’t acknowledge the market shift–that’s where greg and i pounce.

    these are just a few thoughts, but have many more. greg and i also have statistical data about the market we’d be happy to share if you are at all interested. would love to hear your thoughts….

    Lot’s of construction on the ‘Hill and the immediately surrounding areas. The image on top is the future site of the 39,000 square foot Whole Foods Market below residential housing. The image below was the demolition of an old building on 7th Street near Berry.

    In the past several weeks we’ve started to see a change in the San Fran real estate market. While this remains a competitive real estate market, we currently have more homes on the market than at any point in 2005. What does this mean for buyers and sellers — Here are a few thoughts:

    For Buyers – What a great time to consider a home purchase. As previously mentioned — there are plenty of options out there for the home buyer. While interest rates have been on the rise in the past few months, they are still historically low — Couple that with the amount of inventory on the market, and suddenly it makes sense to consider purchasing a home. We ask our home buyers to create a list of things they are looking for– typically we push them to prioritize this list into a “Must Have” and a “Wish List.” Examples being — perhaps you’ve decided a Must Have item is parking and some outdoor space — and your Wish List items are a view and a stainless steel kitchen. Earlier this year — if you as a buyer were able to find a property that satisfied your “Must Have” list, it was our advice to write an aggressive offer. In the current market, our home buyers have been able to satisfy their “Must Have” list as well as many items on their “Wish List.” In addition, the number of properties recieving multiple offers has diminished — allowing buyers to achieve many of their goals, within their budget.

    For Sellers — Now more than ever, the key for sellers is pricing your home properly from the onset. While many properties still see multiple offers and a jump in price, more and more properties are selling for the list price. Garrett and I have consistently advised our sellers to list their properties for a price they are willing to accept. In my opinion, this is a far more honest approach to real estate. We’ve had great success in this changing market because our sellers, with our professional advice, are appropriately pricing their property. Are multiple offers possible — most certainly they are — but in my opinion, gone are the days of underlisting your house by 10 - 15% and driving the price up with 10 - 12 offers. This has been a tactic widely used by several brokers in the city — we’re starting to see this backfire as home buyers now have options and will not participate in wild overbidding. Again, it’s still a great time to sell a house in San Francisco — just be realistic and price the home appropriately.

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