CFAH

The now four-bedroom Bayview home at 1683 Newcomb Avenue, which was taken down to the studs, updated and expanded to yield 2,908 square feet of finished space back in 2017, sold for $1.45 million, or roughly $500 per square foot, that June.

Having returned to the market priced at $1.595 million in July of 2019, a sale at which would have represented total appreciation of 10.0 percent on an apples-to-apples basis, the list price for the “stunning Victorian conversion” was reduced to $1.495 million and then dropped to “$1.195 million” in an attempt to incite a bidding war

Briefly in contact but having failed to close, the list price for 1683 Newcomb then bumped back up to $1.399 million in November of 2019, reduced to “$1.199 million” in January of last and then changed to $1.4 million last February before being withdrawn from the MLS.

And last week, the remodeled single-family home “in the heart of the Bayview” returned to the MLS anew, with an official “7” days on the market and a list price of $1.399 million, a sale at which would represent a net 3.5 percent drop in value for the remodeled single-family home since the second quarter of 2017 on an apples-to-apples basis.

Keep in mind that the Bay Area index for single-family home values is up 19.0 percent over the same period of time and the “median sale price” is up as well.

So if you think you know the market in Bayview, now’s the time to tell.

Comments from Plugged-In Readers

  1. Posted by J Shappell

    We went at looked at this place. Great home. Beautiful remodel. We like the Bayview but this home is on one of the toughest blocks in the city.

  2. Posted by Notcom

    The front door cries out for some kind of canopy – both for functional reasons and to to reduce the ennui of the blank wall space. but overall not bad for [the] budget.

  3. Posted by sockettome

    2908 square feet and the main entry is through the kitchen!

  4. Posted by jimbo

    $1.21M

  5. Posted by Mike L

    1.05M

  6. Posted by tipster

    Won’t sell.

  7. Posted by J Ride

    In the current soft market, the best house on the worst street (block / neighborhood) is the worst investment that anyone could make. As much as you may enjoy living in the house, the neighborhood will just never gentrify to justify that sort of price point. I lived in Bayview / Hunters Point for a few years and will never go back under any circumstances.

  8. Posted by Plugger

    The fridge looks so happy to see you, and there’s plenty of open gravel storage in the back.

  9. Posted by 1031 Exchange

    Based on the price history on Zillow, it looks like an investor. Purchased in 2017, listed for rent right after. Tried to list it for sale two years later in 2019 into 2020. It was probably rented out for the past year, and now it’s back on market trying to sell.

    Hard to imagine someone paying $1.45M back in 2017 for this house unless they bought it without actually touring the house. There might just be a handful of streets in Bayview that are worse than this block or two of Newcomb.

  10. Posted by sockettome

    One upside is the zoning is RH-2 and per the listing – “The lower level offers a 2nd family room, two beds and two bath with separate entrance.” The photos show kitchen on the lower level too.

  11. Posted by haighter

    Interesting to read others’ comments about this block – what’s going on there that’s worse than the rest of the neighborhood (or other “challenging” parts of the city)? I’m honestly curious, as I haven’t spent much time in that part of the city.

    • Posted by aerl

      Mostly just a lot of vagrancy and noise/litter nuisances, to be honest. The crime rates in Bayview aren’t that different from the rest of the city. Those few blocks have a lot of people hanging out on the street, whereas most of Bayview is more of a quiet SFH vibe (other than the seasonal fireworks and the loud muscle cars).

  12. Posted by LessonLearned

    I got clocked on the side of the head by a kid with a brick as I walking along 3rd St. 20 years ago – broad daylight on my way to a Giant’s game. Had to flag down a firetruck in the middle of the street for a bloody ride to safety to escape. I never went back to Bayview – ever.

  13. Posted by Bayviewdude

    I live in Bayview. As a generalized rule, the locations within a block of 3rd are more prone to be dicey. Though really depends on locations of liquor stores and those “hanging out”. The neighborhood in general has calmed down a LOT with less violence and such. Though there still are problems for sure. As aerl said, the overall rates are not all that much different than other parts of the city. And that senior citizen was just killed by a couple of teenagers in Anza Vista….a really quiet upscale area.

  14. Posted by KOBking

    Looks like it was just relisted for 1.19 million.

  15. Posted by RW

    Bayview resident for 14 years as a homeowner but been in and around the Bayview my entire life as a San Francisco native since my father had a business in the Bayview.

    As a general rule, Third Street between Revere Ave. and Kirkwood Ave within a block of Third can be dicey but much of that can be attributed to the fact that between those blocks a majority of the business storefronts are empty or home to a few businesses that do not generate much foot traffic. As a result, environments like those seen on Oakdale Ave, Newcomb Ave and Palou Ave. at Third continue to exist because beyond 8pm the central Third Street corridor is a ghost town aside from those hanging at liquor stores or who have nowhere else to go.

    There have been a number of larger proposed housing developments along the corridor such as @Jerrold, near Underwood, and across from the Opera House that might bring new ground floor retail to slowly transform Third Street but right now a big problem seems to be that much of the existing ground floor commercial is in poor condition and not maintained leaving potential businesses to cough up money to make the spaces viable as property owners are not very invested in doing so.

    • Posted by aerl

      It’s a bit of a chicken-egg issue with those blocks. There’s lots of viable retail space, but it’s been a favorite hangout for the neighborhood’s low-income community forever. And why shouldn’t they hang out there? Mendell Plaza is a lovely public space which they have as much right to use as anyone else. The only way to activate that corridor for pedestrian retail would be by decreasing the population of low-income residents, which obviously comes with a mountain of gentrification/displacement concerns…

Add a Comment

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

Recent Articles