CFAH

568 29th Street
Repainted since purchased for $1,105,000 in August 2007 with an attic loft that remains unwarranted, 568 29th Street has returned to the market listed for $995,000 in 2012.
568 29th Street Dining
Call it $881 per square foot at asking for the two-bedroom Noe home, well over the neighborhood median of $670 per square in 2011, but 10 percent under its apples-to-apples sale price of $978 per square foot in 2007 (in which the median was $757).
∙ Listing: 568 29th Street (2/1) 1,129 sqft – $995,000 [droubiteam.com]

Comments from Plugged-In Readers

  1. Posted by tipster

    What is this supposed to show: the perfect family home for the family with one mentally deranged kid? You can keep that one in the attic and let him down for dinner?

  2. Posted by The Milkshake of Despair

    That attic staircase is Amsterdam steep.
    So what’s the question here with this property? That $/sq.ft. is inflated because the unwarranted attic isn’t counted? I’m not sure how best to resolve something like this since that attic footage isn’t as valuable or useful as the main floor. My personal remedy is to break the space of such houses into categories: class A space that was originally designed for living, class B and C for less valuable converted space.

  3. Posted by El Bombero

    I really hope this 2007 buyer loses more than a mere 100k + 60k-ish selling expenses.

  4. Posted by Legacy Dude

    Prices in Noe are up 12% year over year, but only for properties with architect-designed improvements. Or so I hear.

  5. Posted by sparky-b

    I hear they are up 14.5% for architect-designed socketsite contributors.

  6. Posted by meep

    that attic space and access are craptastic
    are the windows ,electric and plumbing updated ? the appliances don’t appear to be.
    i think you need all of that to get top dollar

  7. Posted by DanRH

    @El Bombero…why?
    Like it. Like the layout. Yard is nice. Loft looks more usable as just an office.
    Not sure about the location though?
    SFH for less than a mil seems good. I’ll bite and say it goes for $1m.

  8. Posted by bossmillion

    trippy staircase, pinner bathroom, sweet backyard

  9. Posted by BobN

    Oooooo… six-burner, double-oven retro range!

  10. Posted by NoeValleyJim

    Down 10% from peak? That sounds about right for Noe.
    Wouldn’t you agree A.T.?
    This is a good spot, 29th is steep but not insanely steep like it is in the next block. 2 1/2 blocks from the J-Church, 3 blocks from the Upper Noe Rec Center, Church Produce and a number of employer shuttle stops.
    I think it goes for asking.

  11. Posted by A.T.

    Down 10% for a Noe SFR would be about right, maybe a little more than that. Noe SFRs have definitely done less badly than probably any other housing sector in SF.
    A sale at asking would put the net cost at around $9500/mo – pretty steep for a 2/1 1129 sf place. Probably about a quarter million dollar loss in 4 1/2 years compared to renting – for the best performing sector in SF. As I’ve said, there are only degrees of bad in this market.

  12. Posted by citygirl

    Who in their right mind would spend that kind of cash for a small 2/1? There is one born every minute….

  13. Posted by NoeValleyJim

    In contract.

  14. Posted by soccer mom

    $psf figure quoted ignores the unwarranted attic, right? Makes for apples-to-mango in the context of the rest of the market, right?

  15. Posted by NoeLocal

    Just don’t get white kitchens. And, 2 bed, 1 bath? Stairs to the attic through the DR ceiling. There’s a thought. What kind of person falls in love with a home like this — and buy’s it?

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