The Before and After Remodel of a Noe Valley Home
The booming economy in San Francisco has made ordinary homes in the right location become a developers dream come true. In particular homes located close to the tech shuttles in Noe Valley, Glen Park and Bernal Heights.
For example this house that was just listed at 1632 Dolores Street in Noe Valley. It was bought last year on 11/06/2012 for $1,263,000 below the asking price of $1,295,000. One year later it is back on the market completely remodeled and is asking $2,875,000. In the past couple of months homes that have been remodeled in that area have sold for as high as $3,200,000. That was the home of Twitter’s co-founder Evan Williams located at 313 Duncan Street.
This is a prime neighborhood location within walking distance to some of the best local grocery stores, J-Church Muni, tech shuttles and a number of top rated public and private schools in San Francisco.
I predict the next house on the chopping block will be McGuire’s new listing at 1829 Church Street for $895,000. The opportunity this home has will bring it way over the asking price. It is a 4 bedroom 2-bath single-family house that has been used as two units with an additional in-law unit downstairs. It is in the perfect location with a back yard and screams opportunity!
If you are looking for opportunities like this then don’t hesitate to give me a call. I love seeing a home go from rags to riches and I have lived in the city long enough to know where you will get the biggest bang for your buck!