2021 Webster Street
As we wrote nine months ago:

The listing for 2021 Webster boasts “mass appeal” (Victorian bones with a modern renovation). And to be honest, we might just have to agree. We particularly appreciated the ceilings (and bamboo). Now if only it advertised “mass affordability” as well.

It’s not the ideal block (a lack of single family homes/residential), but the house is stunning and it honestly doesn’t feel narrow in the slightest (see comments). The pictures don’t do it justice, and if it’s in your price range, it’s worth a look.

Of course that was when it was listed (and sold) for $2,295,000. And not $3,495,000 as it is today.
∙ Listing: 2021 Webster (4/3.5) – $3,495,000 [2021webster.com] [MLS]
Mass Appeal (2021 Webster) [SocketSite]

23 thoughts on “As Far As We Can Tell, Not Much Has Changed (Other Than The Price)”
  1. You’re right, this home is absolutely stunning. I love everything about the house itself. What amazing ceilings!
    Only drawbacks seem to be price, lack of outdoor space, and neighborhood… but hey, at least it’s not on 18th and S Van Ness! 🙂
    anybody know if they did anything to this house to justify a 50% increase in asking price in 6 months? (some form of remodel, added another floor, a basement, gold gilded bidet?)

  2. They were actually reading Socketsite, and specifically tipster’s postings – but read them wrong. They thought that he was claiming a 50% increase this year instead of a 50% decrease 🙂

  3. Ha ha, Anon at 8:32 that was pretty good. Not quite accurate but funny.
    My take, either:
    1. They got tired of the lowball offers coming in 30% under asking and decided to try this approach, or
    2. It’s sold and they raised the price on the MLS to make people think that’s what the buyers paid, or
    3. They are about to take it off the market and this is an attempt at a hail Mary pass.

  4. OMG. How could they justify increasing the price that much without significantly upgrading the property? Is this just pure greed or stupidity? Obviously, anyone seriously considering buying would know what the original purchase price was.

  5. I notice propertyshark has no info on loans, if any, used for this purchase. Does anyone loan details? 7 months seems fishy.

    Property tax roll lists an “improvement value” of
    795,600, and the website says “recently renovated”. Is this a remodel assessment after the
    Jan purchase? Is this yer basic flip job?

  6. Somewhat OT, but where do you get info in historical sale prices for properties like this? I used to go to INGDirect’s service, but it stopped as of last week.
    Also, I look at SFGate’s “homes sold this week” section to track recent property sale prices, is there a better way to more closely track this?
    Thanks in advance…

  7. Nice place. Nice neighborhood (although you wouldn’t catch me dead living there, to Yogi-Berra a phrase). But they are in dreamland. This place is priced at least $1,000,000 too high. Just watch. These people timed the market terribly.

  8. dub dub — no, the “improvement value” is the total assessed value for the entire house. The tax man assesses both the land and the “improvement” to the land (i.e. everything but the dirt).
    This looks like a flip job, but you can’t tell anything from this number.

  9. @Trip: Aaaah. So just like on your property tax statement. I thought this was a magical propertyshark-specific thing. I’m new to propertyshark, it’s pretty amazing…

    While I’m at it, do you know why some loan info is available on some properties and not on others? I assume these people are *all* paying cash 🙂

    [disclaimer: not associated w/ propertyshark in any way :)]

  10. I have no solid answer on the inconsistent loan info. It is all recorded, so one would think that they could get it all at the same public place. But there may be ways to hide this information at the recorder’s office so that it does not pop up so easily. If that’s true, please, someone, tell me how to do it . . .

  11. @Trip: Indeed! It’s creepy how much info you can infer from property sales (notice how last three sales have overlapping parties).

    An investment property where the second party bought the first out?

    This is all I need: another way to waste time online 🙂

  12. dub dub: Not quite sure what you mean by sales with overlapping parties (been nosing around propertyshark and have used up my views for the day so I can’t check it). But keep in mind that many people hold property in a trust.
    If you refi, the bank will often require you to take the house out of trust, and then you put it back in after the loan is processed.
    So it can look like a bunch of transactions and changes, when it’s really just a paperwork formality.
    Would that make sense in this situation (again, sorry I can’t actually view the propertyshark listing).

  13. @anon: yes, what you suggest is possible: I was observing how the “2nd party” becomes the first party, replaced by a new “2nd party” who becomes “1st party” in the next transaction (this happened over the last three transactions).

    I don’t have enough experience to interpret what I’m looking at. I’m looking up my own report to make sense of it (e.g., their teminology is slightly different than what appears on my prop tax statement).

    Unnerving that so much information is available so easily. I thought zillow was bad enough…

  14. “I was observing how the “2nd party” becomes the first party, replaced by a new “2nd party” who becomes “1st party” in the next transaction (this happened over the last three transactions).”
    From looking at my own property, I believe that generally “1st party” is the seller and “2nd party” is the buyer. So that is why you are seeing the 2nd party in the previous transaction becoming the 1st party in the next transaction.

  15. hahahahahaha! Well, that makes alot of sense! What is that saying about a little info being dangerous?
    I probably should have learned a bit more about the PS data format before posting. I’m generally not this stupid in real life 🙂

  16. What a difference the furnishings/staging makes. The photos on the website look much nicer than the ones on MLS…wonder why they don’t change the ones on MLS.

  17. As far as why loan info is sometimes not available, it’s just sloppy record keeping. Maybe it’s different in other parts, but in this area, the tax records almost “for entertainment purposes only.” The parcel number, zoning, address, and sale price will be correct, but other than that, it’s a crapshoot.

Leave a Reply

Your email address will not be published. Required fields are marked *