4142 Folsom: Throwback Design, Forward-Looking PriceOctober 2, 2015
As we wrote about the Bernal Heights home at 4142 Folsom Street back in June of 2011:
“Built in 1996 and designed by Tobin Kendrick with a bit of throwback modern flair, 4142 Folsom last changed hands in August 2008 for $860,000 having been listed for $799,000.
The kitchen has since been remodeled with new counters and appliances. And the Bernal Heights home is now back on the market and listed for $799,000 once again.”
The sale of 4142 Folsom Street finally closed escrow with a reported contract price of $799,000 in February of 2012. And today, the Bernal Heights home is now back on the market and listed for $1,049,000.
Comments from Plugged-In Readers
A- I’d redo those hids countertops (again) ASAP.
B- stove w/o a vent? New construction? How’d that happen? (Pero no es may bueno.)
you don’t speak Spanish, do you?
Sí! Yo es un experto!
Looks like there is a vent in the ceiling above the stove. And yes, the counters are horrible. But I like it overall.
It seems like a pretty thoughtful layout for a small space. I take it the price is being held down by the someone undesirable location.
Very close to the freeway
A million dollars for a 2×4 and plywood ceiling upstairs? Extremely cheap renovation. If this sells at that price, it really just speaks to how insane our housing market is.
I’d much rather have unfinished than have to rip out the last guy’s awful interiors.
Yeah, but this is unfinished masquerading as finished
No it’s not. It’s done intentionally and finished very cleanly. You just don’t appreciate it. I think it’s better than a sheetrock ceiling … sheetrock being the cheapest building material out there.
One of the worst parts of bernal IMO
This is definitely not a piece of crap in any way, sethgreen – I saw it in person last time it was for sale, and its admittedly not the best part of Bernal; but actually a very nice space overall, with good proportions, simple detailing, and a sweet rear facade (not a huge fan of the counters or the front facade tho).
Sold for $1.325M
And this is why any talk of bubbles popping is premature at best. This place looks to be quite nice although nothing spectacular imho. But it is small and in a lousy location, and it still got $1150/sf. Nice job by the 2012 buyers – bought just before the remarkable run-up began! Despite the common refrain, you certainly can “time the market” in SF real estate. Either in a bad way (the 2008 buyers) or a good way (the 2012 buyers).
2015 is a good time to be a seller. My bet is it is not a good time to buy, but I certainly could be proven wrong, and time will tell.
“Either in a bad way (the 2008 buyers) or a good way (the 2012 buyers).
2015 is a good time to be a seller. My bet is it is not a good time to buy, but I certainly could be proven wrong, and time will tell.”
Wouldn’t disagree, although if the 2008 buyers had held until now then they would have done pretty well, although obviously not the spectacular annual % the 2012 buyers saw, still a v. nice $ gain. So the combination of when you buy and when you sell has to be considered together I think. Buying in 2008 was only bad if you had to sell before 2014 or so…
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