As we outlined earlier this year:
Purchased for $1.170 million in early 2021, having been taken “down to the studs” and modernized, “with no details left unfinished,” back in 2019, the four-bedroom Bayview home at 1119 Hollister returned to the market listed for “$1.199 million” this past September.
Having failed to garner an acceptable “over asking!” offer, the list price for 1119 Hollister was increased to $1.290 million after a month on the market and the listing was updated to tout “Transparent Pricing” as a feature versus flaw.
Withdrawn from the MLS without a transparent sale having transpired, the 1,774-square-foot home has just been listed anew for…$1.199 million, a sale at which would opaquely be “at asking” according to all industry stats and aggregate reports.
And the resale of 1119 Hollister has now closed escrow with an opaquely “over asking!” contract price of $1.250 million, up a total of 6.8 percent from the first quarter of 2021 and 8.7 percent above it value in the third quarter of 2019 on a nearly apples-to-apples basis (save for the stove, renovated back yard and new bougainvillea framed pergola and deck).
What a peculiar island.
– They put a bunch of drawers facing the outside, so those stools are utterly worthless. It’s designed more like a seated office desk. Why would there not be an overhang with leg room?
– Then the stagers tacked on a small two seat table at the end of the island, at a different height, when there’s already a sizeable dining room table right there? Huh?
To agree with, and add to, your comment:
Yes, and do people really want kitchens with no upper cabinets and with the only storage for dishes and glassware having everything on display? I know some of that is trendy, but oh so impractical. It looks nice when staged, but who really lives that way?
I feel like some of these homes are designed to appeal to young, newly-rich techies who have never owned anything before. They look nice at the open house but are oh so impractical and unlivable. I’m not sure there are as many of those folks in the market as there were a couple of years ago.
Eh, it looks like there are a bunch of closed drawers too. No shortage of space whether or not you want to put dishes on display.
Pro,
I could certainly be wrong, but I think that the smaller table actually *slides out* from within the island unit. First, it fits with close tolerance on both the top and the sides. Also, take a close look (in the two pix showing it) at the arrangement of the legs and feet for both the table and the island: there are no legs at the end adjacent to the island, and in the longer shot, there seems to be some sort of white thing in the bottom middle, which could be a rail for a caster or something, to assist in sliding it. And the beam on the underside of the table would seem to go *below* the base of the open part of the island, which means it would not interfere with storage when being pulled out or returned.
Which, if true, turns it into a somewhat creatively engineered use of space, but is also as stupid as you say, positioned right next to the main dining table. And the drawers mean you couldn’t pull that stool in as far as would be ideal, for eating.
Interesting numbers for an actual apples to apples in Bayview. In this case an increase in value. Yet several other “apples” discussed here in more pricey areas of SF have declined.
Especially when you consider that the previous sale was during the pandemic-driven squeeze.