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Articles Recently Tagged: Flipping

(55 posts)
Auctioned Estate Resells “Well Below Appraised Value”

Auctioned Estate Resells “Well Below Appraised Value”

Marketed by Sotheby’s with a $47.5 million price tag back in 2012, subsequently reduced a number of times and listed for as little as $15.99 million in late 2017, “Woodhaven Manor” – which was built in 1988 and includes a 12,000-square-foot main home, a 1,200-square-foot carriage house and a... Read More »

Corona Heights Castle, Cleaned Up and Flipped

Corona Heights Castle, Cleaned Up and Flipped

Purchased in a state of disrepair, with “years of deferred maintenance,” for $1.11 million in March of last year, the three-bedroom, one-bath Corona Heights “Castle” at 253 States Street has since been cleaned up and flipped. In addition to having cleaned up the interior and exterior of the 1,687-square-foot... Read More »

An Unpermitted Reskin and Resultant Surprise

An Unpermitted Reskin and Resultant Surprise

Purchased as a little two-unit building with “old world charm” for $2.175 million in April of 2018, permits to expand and remodel the two units at 842-844 Lyon Street were secured that June and the building was soon under wraps. Having returned to the market as two “spectacularly remodeled”... Read More »

Foreclosed Upon Noe Flop Liquidated at a Loss

Foreclosed Upon Noe Flop Liquidated at a Loss

The failed “Dreambuilders” flip of the Noe Valley home at 639 Grand View Avenue, which was foreclosed upon earlier this year and taken back by the financiers who were owed $3,576,411 on the investment, returned to the market with a $3,195,000 price tag in May having been completed and... Read More »

Refreshed Noe Condo Flipped for $200K More

Refreshed Noe Condo Flipped for $200K More

Purchased for $1.95 million in June of 2015, the 1,753-square-foot unit #7 in the former St Paul’s Primary School building at 300 Valley Street returned to the market priced at $2.195 million this past September, at sale at which would have represented total appreciation of 12.6 percent for the... Read More »

Refreshed Noe Valley Condo Suddenly Returns

Refreshed Noe Valley Condo Suddenly Returns

As we outlined at the end of last year: Purchased for $1.95 million in June of 2015, the 1,753-square-foot unit #7 in the former St Paul’s Primary School building at 300 Valley Street returned to the market priced at $2.195 million this past September, at sale at which would... Read More »

Scofflaw Developer Settles for $1.2 Million

Scofflaw Developer Settles for $1.2 Million

Having been accused of routinely engaging in the under-permitted renovation and expansion of residential properties throughout San Francisco, Ashok Gujral, a local real estate developer, has agreed to pay $1.2 million to settle with the City. In addition to the cash settlement, Gujral has been required “to bring all... Read More »

Previously Flipped Nob Hill Condo Now Listed at a Loss

Previously Flipped Nob Hill Condo Now Listed at a Loss

As we outlined in April: Purchased for $1.74 million in May of 2015, renovated (“including all new kitchen, all new bathrooms, a lighting system, hardwood floors and window coverings”) and then successfully flipped for $2.255 million in March of 2016, the 1,789-square-foot unit #202 at 1150 Sacramento Street returned... Read More »

Luxury Two-Bedroom with Views Nearly Fetches its Early 2018 Price

Luxury Two-Bedroom with Views Nearly Fetches its Early 2018 Price

Purchased for $2.38 million in February of 2018, the two-bedroom unit #31C on the 31st floor of LUMINA’s Tower B (201 Folsom Street, at the corner of Beale) returned to the market with a $2.688 million price tag three months ago, a sale at which would have represented anticipated... Read More »

Price Cut for a Newly Rendered Noe Flip

Price Cut for a Newly Rendered Noe Flip

Having been owned by the same family for half a century, the three-bedroom Noe Valley Victorian at 331 Day Street hit the market last May, touting “many of the traditional details that Victorian fans appreciate: from the crown moulding (sic) and embossed wallpaper to the glass cabinet pulls and... Read More »