The nearly 3,000-square-foot, “exceptional” Victorian home at 559 Douglass Street, on the border of Eureka and Noe Valley, was purchased for $2.85 million in October 2015, with a previously remodeled “chef’s kitchen” and lower-level bedroom suite which opens to a large deck and flowering backyard.

The home’s kitchen, adjoining powder/laundry room and family room have since been further remodeled, with “luxurious countertops and top of line appliances,” new windows and a relocated set of French doors (along with new built-ins and an upgraded/re-landscaped rear yard).

And having returned to the market priced at $2.95 million this past September and then reduced to $2.8 million early last month, the re-sale of 559 Douglass has now closed escrow with a contract price of $2.785 million, down 2.3 percent from the fourth quarter of 2015, not accounting for the six-figure cost of the remodeled kitchen and other upgrades since.

And yes, the Case-Shiller index for Bay Area single-family home values was up 28.5 percent over the same period of time while the “median sale price” in the neighborhood is up over 20 percent,  driven by mix not values.

Comments from Plugged-In Readers

  1. Posted by The Milkshake of Despair

    Impressive curb appeal! The rest of the house looks really nice. Though the kitchen has a really obtuse triangle, it looks like a great workspace. Lack of a garage is probably the biggest factor for some buyers.

    • Posted by KOBking

      Imagine paying 3 million for a house without a garage.

      • Posted by Fishchum

        Plenty of people don’t own or even want a car.

        • Posted by Noe Resident

          and these people, when they finally realize that life without a car OR a parkling spot during these covid times sucks, and decide to sell said house, lose money

          • Posted by The Milkshake of Despair

            You only lose money [due to the lack of a garage] if you pay a “with garage” price and sell “without garage”. But if both transactions properly take into account the lack of garage then there is nothing lost because of “no garage.”

        • Posted by jimbo

          not people who can afford a $3M home in a city with poor public transportation

        • Posted by KOBking

          People that can afford a 3 million dollar house, however, do want a car.

          • Posted by SocketSite

            While the majority might, not all do. Regardless, that doesn’t necessitate an off-street parking spot, either here or elsewhere in the city, and the lack of which was priced-in back in 2015 and this year as well.

          • Posted by Fishchum

            I have a bit of anecdotal evidence that would prove you wrong.

          • Posted by jimbo

            anecdotal evidence, by its nature, doesnt “prove” anything, but would still like to hear it

    • Posted by Chris

      You are looking at the old kitchen photo, it appears from the newer photos at the bottom that the kitchen was straightened out and expanded.

      • Posted by SocketSite

        That’s our fault as we hadn’t included the re-remodeled kitchen photos or mention in our original post which has since been amended above.

  2. Posted by haighter

    lovely home. I like that they maintained the wall between the dining room and kitchen/family room, instead of blowing it all out into a giant single room.

  3. Posted by sockettome

    Something weird going on here. If you look the house up on Redfin and do the 3D Walkthrough, it’s a very different interior.

  4. Posted by sockettome

    It appears additional remodeling has been done since it was “previously remodeled” and is not an apples-to-apples sale. Per DBI, permits were taken out in March of 2020 for $75,000.

    • Posted by SocketSite

      Good catch and since updated above. Keep in mind that permits reflect “estimated,” versus actual, costs and the permit were actually approved and issued back in 2017/18.

  5. Posted by dwf

    Fridge door opens wrong way?!

  6. Posted by DW40

    Did the “other upgrades” include replacing the tired shingles on the back of the house?

    • Posted by sockettome

      Yes, take the 3D tour – go downstairs, through the MBR, into the back yard, turn around and voila.

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