Comments on: The Market May Be in Meltdown, But When You Want That House Badly Enough Price Is Barely an Issue http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html Redfin Bay Area Sweet Digs Tue, 07 Feb 2012 16:59:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Tracey Taylor http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html/comment-page-1#comment-3539 Tracey Taylor Tue, 25 Mar 2008 02:54:58 +0000 http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html#comment-3539 Catsjellicle: Redfin's data team says that at the time of writing 2008 Francisco is still listed on the SFAR MLS website and the Redfin site shows an up-to-date data feed of the MLS. Why it's still listed when it supposedly sold a month ago would require some detective work. It could be that the sale fell through at the 11th hour or the listing agent failed to update his/her listing. Catsjellicle: Redfin’s data team says that at the time of writing 2008 Francisco is still listed on the SFAR MLS website and the Redfin site shows an up-to-date data feed of the MLS. Why it’s still listed when it supposedly sold a month ago would require some detective work. It could be that the sale fell through at the 11th hour or the listing agent failed to update his/her listing.

]]> By: David http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html/comment-page-1#comment-3528 David Mon, 24 Mar 2008 04:05:24 +0000 http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html#comment-3528 I too was surprised at the listing price for 998 Virginia, but then I looked at it, and now I'm surprised it went for 676K, assuming that deal will close. I mean, it was a nice house on a great lot, but that "studio" needed to be torn down, and they essentially turned the living room into the third bedroom. You had a pretty small living room and eating area, and the kitchen needed work. The garage was also only about half-way through the process of turning it into living space. So I guess it would have regained the living room with that upgrade, but considering the redo required for the kitchen and the extra living space, I would have guessed somewhere between 550 and 600, not that much over 600. But I would agree it was pretty "underpriced" considering the gorgeous lot, and the location actually wasn't bad--Virginia is a bike street, only a few blocks from 4th st etc. I too was surprised at the listing price for 998 Virginia, but then I looked at it, and now I’m surprised it went for 676K, assuming that deal will close. I mean, it was a nice house on a great lot, but that “studio” needed to be torn down, and they essentially turned the living room into the third bedroom. You had a pretty small living room and eating area, and the kitchen needed work. The garage was also only about half-way through the process of turning it into living space. So I guess it would have regained the living room with that upgrade, but considering the redo required for the kitchen and the extra living space, I would have guessed somewhere between 550 and 600, not that much over 600.

But I would agree it was pretty “underpriced” considering the gorgeous lot, and the location actually wasn’t bad–Virginia is a bike street, only a few blocks from 4th st etc.

]]> By: Tracey Taylor http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html/comment-page-1#comment-3481 Tracey Taylor Sat, 22 Mar 2008 00:47:58 +0000 http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html#comment-3481 Catsjellicle: I've forwarded your comment to the Redfin techies. Thanks for the heads-up. Catsjellicle: I’ve forwarded your comment to the Redfin techies. Thanks for the heads-up.

]]> By: catsjellicle http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html/comment-page-1#comment-3479 catsjellicle Fri, 21 Mar 2008 22:52:07 +0000 http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html#comment-3479 tracey..is something wrong with the redfin listing page..2008 francisco st is still up on redfin.. http://www.redfin.com/stingray/do/printable-listing?listing-id=1425524 tracey..is something wrong with the redfin listing page..2008 francisco st is still up on redfin..

http://www.redfin.com/stingray/do/printable-listing?listing-id=1425524

]]> By: Tracey Taylor http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html/comment-page-1#comment-3478 Tracey Taylor Fri, 21 Mar 2008 20:19:25 +0000 http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html#comment-3478 Amazed: Your name says it all really. Although I too was "amazed" that 998 Virginia had such a low asking price ($549,000 -- $434/sq ft). That doesn't seem a lot for a 3/2 bungalow with detached studio, hardwood floors and a spacious yard -- the lot is 5,500 sq ft. Another plugged in reader, Kim, reported there were 8 offers (including one from her) on 2600 Grant Street, a 4/1 bank-owned fixer with original features and “huge” backyard whose price, $584,90 ($255/sq ft), also seemed eminently reasonable. Thank you for your insight. Amazed: Your name says it all really. Although I too was “amazed” that 998 Virginia had such a low asking price ($549,000 — $434/sq ft). That doesn’t seem a lot for a 3/2 bungalow with detached studio, hardwood floors and a spacious yard — the lot is 5,500 sq ft.

Another plugged in reader, Kim, reported there were 8 offers (including one from her) on 2600 Grant Street, a 4/1 bank-owned fixer with original features and “huge” backyard whose price, $584,90 ($255/sq ft), also seemed eminently reasonable.

Thank you for your insight.

]]> By: amazed http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html/comment-page-1#comment-3477 amazed Fri, 21 Mar 2008 20:08:58 +0000 http://blog.redfin.com/sfbay/2008/03/the_market_may_be_in_meltdown_but_when_you_want_that_house_badly_enough_price_is_barely_an_issue.html#comment-3477 One of the recent houses you posted about was 998 Virginia in Berkeley. I thought it was listed really low at $549k for a 3/2 on a huge lot, though it's not the greatest location. I heard 40 or so disclosure packets were requested, 15 offers put in, and that the top bid was $676k with no contingencies and a 14 day close. One of the recent houses you posted about was 998 Virginia in Berkeley. I thought it was listed really low at $549k for a 3/2 on a huge lot, though it’s not the greatest location.

I heard 40 or so disclosure packets were requested, 15 offers put in, and that the top bid was $676k with no contingencies and a 14 day close.

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