As we wrote about 22 Coleridge in September 2008:
After three weeks on the market the list price for 22 Coleridge on the edge of Bernal has been dropped from $599,000 to $587,000. Purchased in April of 2005 for $607,000.
Unfortunately it’s not a perfectly clean “apple” as the kitchen was completely renovated in 2006 (new cabinets, appliances, flooring, etc.), but you’ll get the gist. And as a plugged-in reader notes, “seller is a licensed real estate agent.” You know, in the trenches and all.
Withdrawn from the market without a sale in March of 2009, 22 Coleridge has just returned to the MLS with a list price of $549,000 and noting “tenants moving out 5/7.”
As a plugged-in reader noted early this week, 24 Coleridge, a smaller unit (538 square feet) in the same three-unit building but without parking just sold for $329,000. It had been purchased for $490,000 in August 2005 before being taken back by the bank this past September.
∙ Listing: 22 Coleridge (1/1) 750 sqft – $549,000 [MLS]
∙ Not A Perfectly Clean Apple In Bernal, But You’ll Get The Gist [SocketSite]
∙ The Bernal Cottage At 48 Cortland Before, After And Recently Reduced [SocketSite]
My wife worked at St Luke’s about a block away for many years. This is a seriously crummy/scary area. I can’t imagine anyone would pay 549k for a 1BR here. 607k in 2005 just proves how insane the bubble was. The tenants got a nice subsidy from the “investor” who overpaid then.
” This is a seriously crummy/scary area.”
No, it isn’t.
It is a perfectly nice area. Crummy may be in the eye of the beholder, but scary? You’ve got to be kidding.
I’ve been there 1000 times to meet my wife. Go southeast toward Cortland and it’s fine, although far from what I would consider nice. Go a block or two north after dark and it is a scary area indeed. There is a reason they’ve had to try to get gang injunctions.
This is socketsite – where I’ve learned that anywhere within a mile of mission street is the norteno/sureno death zone and you take your life in your hands just reading about these properties. I’m frightened just writing about it – do you think I’ll be targeted?
I swear I didn’t know about AT’s post while I was writing mine…
Mission St. is awesome. The only exception is this area around the intersection of Mission and Cesar Chavez and several blocks north and west of there. That area is truly nasty at night. No way would anyone in their right mind pay 549k for a 1BR condo right near there.
I am on that block daily, whether going for a run, walking to restaurants, or driving through. It is quite lively and full of people walking their dogs or going for a stroll. A Mission hospital on the corner of Valencia and Cesar Chavez, while nearby, is a different story. Again with the rote “gang injunction” thing on here. That was in the past, and it was a positive thing! It brought about countless positive results. Plus the gang injunction targeted an enormous area. Just saying, “hospital” “I picked up somebody nearby” and “gang injunction” isn’t even credible. What, your wife walked a block or two straight uphill in order to be picked up after a long shift at a hospital? Get out of here.
I meant to say several blocks north and east of Mission and Cesar Chavez are nasty. Go to the west and it is very nice.
You said “This is a seriously crummy/scary area.”
Not,” three blocks away, in front of a hospital servicing the Mission, is a seriously crummy/scary area.”
This city is riddled with nice blocks that are three blocks away from relatively crummy areas. And you know that.
It’s OK to not type anything when you don’t have anything to say except unfocused, reaching, hate. Really it is.
I go by this property nearly every day, and have for the last 16 years. I walk home at night from 24th St and Mission BART, and shop, eat, and drink on Mission St, and have never had a problem. The corner of Mission and Cesar Chavez was a bit sketchy at one time, when it was vacant awaiting approval of construction, but there is a shiny new condo complex there, with a Walgreens below it. And once one gets off Mission Street, even to Coleridge, it gets dramatically quieter and prettier.
Well, there’s a reason #24 just sold at a 33% discount to its 2005 price, and isn’t because the area is completely isolated from the nastiness just a couple short blocks away (which I think all have now conceded to be an accurate description).
If anyone interpreted my use of the word “area” above to be limited to a 1-block radius of this specific property, I’ll try to be more precise next time . . .
Oh yeah man. It’s the area. It’s totally degenerating. Mission street between CC and Cortland and beyond is getting worse and worse.
Nonsense.
And your little “1 block radius” thing didn’t cut it, either. You knew exactly what you were doing, got called out on it, and now you’re retreating into language. Like you always do.
“Mission street between CC and Cortland and beyond is getting worse and worse.”
Flujie, flujie, settle down. Take a deep breath. Read again. I said (after correcting my compass error) that the several block area from Mission and Cesar Chavez to the north and east are nasty. Cortland is the other direction – I said nothing about it one way or the other. You know perfectly well that my description is spot on, which is why you are attacking that ol’ strawman again.
From now on, when I talk about an “area,” be advised that I am including at least several blocks in all directions.
A.T., I get it that your wife saw some sketchy people at St. Luke’s, and you’ve cruised by Cesar Chavez (was it Army Street then?) in years past to pick her up. You have no idea what the area is like. The reason the other unit in the building went down in price since 2005 is that there was a real estate bubble that popped. Small apts without parking are in much less demand now, after the bubble.
Mission Street has only improved since 2005, including 2 new condo complexes, new restaurants like Locavore (try the burger!) and bars like the Royal Cuckoo. Transit is convenient, with BART nearby, and one can bike all the way downtown from Valencia and Mission and be on flat bike paths the whole way. And walk up the hill into NW Bernal, and you’ll find a very pleasant, safe neighborhood.
Ha. Doggone it. I knew I should have said, “cue strawman, etc” when I said “retreat into language.”
Strawman is not applicable. I was responding to your “completely isolated from the nastiness” comment. As if that’s what’s effecting the properties depicted here. Did you not mean that either?
The properties in question are one that has a tenant, purchased in a different market. The other is tiny and doesn’t have parking, also purchased in that different market, which was an ascending market. That’s the story with what’s going on here. You can look around the city and find similar stories. It’s about differing markets. Not this neighborhood.
I’m easy, dude. It’s very easy to pick your forced hatred apart. Child’s play, actually.
I kinda like the area. less than 10 minutes walk to NV, same up Cortland, easy access to the 280, decent public transportation options. Cycling is OK as well as soon as you’ve crossed CC/Army. 2-3 blocks up would be better, especially close to the steps.
About safety perceptions. Let’s all cool down. This is SF, not Oakland or Richmond. Even this area is safer than 95% of the Oakland I know.
To be true though, men and woman have different experiences or feelings of what’s “safe” or “crummy”. I looked at a rental around the corner 5 years ago and decided against it for the very reason A.T. mentioned. It was fine by me, but wifey likes to walk, and doesn’t like watching over her shoulder even though I think it’s 99% perception. But what women want…
“I’ve been there 1000 times to meet my wife. Go southeast toward Cortland and it’s fine, although far from what I would consider nice. Go a block or two north after dark and it is a scary area indeed”
If you’ve been there 1,000 times and you’re still around to tell the tale (never been mugged? threatened?? insulted???), I don’t think it’s THAT scary, tbh..
i used to live in SF for 12 years and now live in brooklyn, NYC…seems there is a lot of emotion over a 3 block area on thios post…in new york, if you live in a sketchy area, you tend to know it…seems in SF. you guys are in a debate over a few blocks…i would say if it causes this much debate, the location can’t be that great…just saying
“…Even this area is safer than 95% of the Oakland I know.”
lol: Why bother to post that when it’s factually incorrect? As someone mentioned in this thread, it’s OK not to post at all if you have nothing meaningful to say.
“seems in SF. you guys are in a debate over a few blocks”
In SF, you’re required to be smug and say that if people don’t like your “urban” neighborhood, which is often full of single family homes or light density 2-3 unit places, they should go live in Pleasanton.
Case in point:
https://socketsite.com/archives/2011/04/another_listing_on_lyon.html#c487297
some of these commenters don’t even rate as ‘snarky’… just boooring.
Coleridge is a super sweet street & it’s nearby several great areas… I have a buddy that lives there & the neighbors are all really tight w/ each other as well.
Some people are just SOooo cranky… jeeesh.
After just 12 days on the market, the listing for 22 Coleridge has been withdrawn from the MLS without a reported sale.