If there was a deal left in this city, I think this Outer Sunset home might be it. If you can force yourself past the bubblegum pink exterior, it is not hard to see the opportunity hidden here.
At $588,000, I was prepared to explore this property with a white paper dust mask pinched precariously over my nose and mouth (I take asbestos and toxic mold very seriously). Walking in however, I was thrown by the fact that there is not one aspect of the house that would require repair before actual move-in. The only thing that this home is missing is the aesthetic element.
The hardwood floors, which were originally covered by carpeting need a good refinishing to rid themselves of the padding marks and discoloration, but the wood itself is in good condition. While moldings and baseboards, along with some neutral interior and exterior paint would offer an instant transformation for the combination living/dining room and bedrooms, there is nothing that demands these improvements immediately.
Ultimately, the best feature of this house is its affordability, combined with the fact that you can remodel the interior to your own preferences on your own timetable and budget constraints. With outer sunset houses in similar condition selling for at least $100,000 more, obtaining a Home Equity Line of Credit would not be difficult.
The garage offers room for expansion, and with the exception of the need for a new roof within the coming years; the home’s inspection reports are stellar.
A beautiful corner fireplace in the living room and large windows make this two bedroom, one bath house a perfect starter home for anyone who desires to live in SF. With a pest inspection report under $600 and a neighborhood as quiet and well maintained as this, I suggest you get out there and let your imagination run wild. This house is a must-see for someone who is looking to turn a house into a home that will be distinctly their own.
Open House: Sunday, February 11, 2007 1PM-3PM