From Rags to Riches in Noe Valley

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.

Image

Front of 1632 Dolores in 2012

Front of 1632 Dolores in 2013
Front of 1632 Dolores in 2013

picture of the floor plan at 1632 Dolores before remodeling

Closed Floor Plan

Open floor plan at 1632 Dolores street in noe valley

Open Floor Plan

Picture of hallway before remodel of 1632 Dolores

Hallway Before Remodel

picture of the hallway remodeled with glass walled stairs

Hallway Remodeled

Picture before remodel of 1632 Dolores Street, san francisco in Noe Valley

Old Floor plan

New Floor Plan at 1632 Dolores St, Noe Valley

New Floor Plan

Picture of the old bathroom before remodeling at 1632 Dolores St

Old Bathroom at 1632 Dolores Street

New Bathroom at 1632 Dolores St.

New Bathroom at 1632 Dolores St.

Backyard at 1632 Dolores St. in 2012

Backyard at 1632 Dolores St. in 2012

Backyard Landscaping 2013 at 1632 Dolores St.

Backyard Landscaping 2013 at 1632 Dolores St.

Stay Tuned!

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!

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