Articles Recently Tagged: Flipping

(46 posts)
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 »

Truth in Advertising

Truth in Advertising

Having been “marketed to those with Vision and Experience who can see the potential of this diamond in the rough,” the three-bedroom Noe Valley home without a garage at 374 Valley Street was purchased for $1.5 million in September of 2016. Since remodeled, “featuring luxury finishes throughout with new... Read More »

Eight-Figure Folly or Cunning Cow Hollow Flip?

Eight-Figure Folly or Cunning Cow Hollow Flip?

Listed for $12.5 million six months ago, the brand new 6,000-square-foot Cow Hollow mansion at 2528 Union Street ended up selling for $12.0 million on the first of September, the sale of which resulted in a $330,000 transfer tax being paid by the development team (which shares the same last... Read More »

Prime Noe Valley Take Two

Prime Noe Valley Take Two

Purchased mid-renovation for $3.8 million in February 2015, the four-bedroom Noe Valley home at 4316 25th Street returned to the market as a finished flip this past September, priced at $4.9 million or roughly $1,284 per square foot for the “fully renovated Victorian gem” on a prime Noe Valley... Read More »

Bernal Home Sells for 24% below Touted Appraisal

Bernal Home Sells for 24% below Touted Appraisal

Purchased for $815,000 in March of 2015, the then 912-square-foot, one-bedroom Bernal Heights house at 519 Nevada Street was taken down to the studs, expanded, remodeled and returned to the market early last year, listed as a contemporary three-bedroom home with 1,636 square feet of remodeled space for $1,550,000.... Read More »

Appraised for $1.8M but No Sale When Listed for $600K Less

Appraised for $1.8M but No Sale When Listed for $600K Less

Purchased as a Bernal Heights fixer for $580,000 in October of 2014, the 912-square-foot, one-bedroom house at 519 Nevada Street was flipped for $815,000 four months later with no improvements save plans for a major expansion. Subsequently taken down to the studs, 519 Nevada Street returned to the market... Read More »

Foreclosed upon Failed Flip Fetches $1.9 Million in Potrero

Foreclosed upon Failed Flip Fetches $1.9 Million in Potrero

Purchased as a sound 1,307-square-foot home for $1.3 million in 2013, and then permitted for a major remodel and expansion by SS Dreambuilders LLC (no relation to SocketSite), the gutted Potrero Hill home at 837 Wisconsin Street was foreclosed upon and sold for $1,945,375 on the courthouse steps in... Read More »

Another Dreambuilders Flip Is about to Flop

Another Dreambuilders Flip Is about to Flop

Purchased for $1.3 million in September 2013, plans for a major renovation and expansion of the Noe Valley home at 639 Grand View Avenue were drawn, permits were requested, and the property was then flipped to “SS Dreambuilders LLC,” a name should sound familiar to those who are plugged-in,... Read More »

The Result of Getting Rid of Tenants and Remodeling in the Mission

The Result of Getting Rid of Tenants and Remodeling in the Mission

The two-unit Mission District building with an unwarranted in-law at 867-869 South Van Ness Avenue was purchased for $1.625 million early last year, with the upper unit occupied by a protected tenant, an elderly couple estimated by a reader to be in their late 60s. Five months later, the... Read More »