San Francisco: Perhaps this is Your Tiny TIC Dream Come True

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This recently reduced TIC unit is well under 1000 sq feet, but is a legal 2 bedroom (in SF that means each room has both a window and a closet).

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It sports a newly revamped kitchen, soft wood floors, a private washer dryer wedged cleverly in a closet, and a patio which is shared by all the owners in the building.

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These owners are already established, so you would be the newbie, and that might be one reason this place has stood empty for nearly 90 days–sometimes trying to fit into an already established shared ownership is too complicated. Could also be the loan situation as you could not get a separate loan here and would have to buy in as 1/6 owner under an assumable loan. Also at issue is the location. Billed as Noe Valley, in all truth this is more like Bernal Heights, and is not exactly walkable to everything; yet you’ve no parking space, so if you drive, expect daily headaches.

All the same, the polish on this unit is indeed shiny, and the long time on the market plus price reduction are definitely in favor of the buyer. If any of this interests you, contact the listing agent for a tour since no open houses are currently scheduled.

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STATS

Beds: 2
Baths: 1
Sq. Ft.: 850
Floor Number: 2
Style: Edwardian
View(s): City Lights
County: San Francisco
Location: Noe Valley
District: SF District 5
$/Sq. Ft.*: $552
MLS: 318276
Status: Active on market
On Redfin: 88 days
Sales History:
Date Price Apprec
05/07/2004 $1,100,000 4.4%/yr
04/08/1988 $550,000 –
Taxable Value:
Land $377,608
Additions $377,608
Total $755,216
Taxes paid in 2005: $8,982