Oh Yes! It’s Time To Claim My (Two) Glasses Of Cabernet Sauvignon

francisco-fsbo1.jpgBack in December I reported on 1717 Francisco Street (right), a 3/1 family home near North Berkeley BART which was for sale by owner (FSBO). Built in 1924 with some Craftsman-style built-ins, it was in pretty good shape, and in a great location, But what really impressed me was the seller’s flair for painting a picture of potential. (Read about it here.)

However, two of my doubting readers refused to believe this house would sell for its asking price of $695,000 ($578/sq ft). Too many greenbacks for 1,200 square feet declared SurveyKid and David — and they both promised to buy me a pint of John Smith’s bitter (swiftly changed to a glass of California’s finest Cab Sav) if they were proved wrong.

Well guys, I don’t want to gloat or anything, but I’m looking forward to that first sip of wine. (Seriously, I won’t hold you to it, but we should take this as a reminder that making predictions about real estate is a mighty dicey game.)

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In other news, 3040 Buena Vista Way (pictured above), a 4/4.5 contemporary with views that I very much liked the look of, sold for $1,295,000 after its price was cut 10%, from $1,595,000 to $1,495,000.