Distress Deals

January 7, 2008

Though San Francisco is still not a big foreclosure market, there are more deals available to buyers looking for a distress sale (short sales, REO sales, etc..) than ever before, especially in the condo and loft market. Here are current listings I’ve been able to find that seem to have “motivated” sellers. There’s a total of 13 listings in the area East of Van Ness (including Russian Hill, Nob Hill, South Beach, SOMA, etc..); and 8 of the listings are lofts. They’re all priced under $1 million.

Some highlights — how about a two-bedroom for under $600,000, or a three-level loft for $625,000?

For more information, or for a showing, contact Damion Matthews at damionmatthews@gmail.com or call (415) 595-9876.

Note: While these listings are available to the public via the MLS, information pertaining to short sale or REO status is usually found in a section that’s only available to agents/brokers.

1255 California #504 (Nob Hill)

  • $649,000
  • One-bed/1.5 bath
  • “Sophisticated Nob Hill Living! Picturesque Golden Gate Bridge Views and Grace Cathedral from floor-to-ceiling windows. Romantic yet spacious 1 Bedroom, 1.5 Bath condo perfect for urban dwellers or pied-a-terre buyers. Bamboo hardwood floors, Wood-burning fireplace, large living room/dining room, guest bath, ample closets. Master Suite has WIC and tiled Bathroom w/separate vanity. Washer/Dryer and deeded parking. Amenities include attended Lobby, on-site mgr, Roof Deck, Media Room/Library.”
  • Listing Agents: Chris Lim & Mark Choey, Vanguard Properties. Phone: 415-630-0204

* * *

768 Francisco Street (North beach)

  • $729,888
  • Two-bedroom/one-bath (approx. 1031 sf)
  • “Large Master Bedroom. Laundry Room. Living Room has fireplace, large window in front makes this room bright! Backyard/Common area for BBQs!”
  • Listing Agent: George Kim, Re/Max Dolphin Real Estate, 650-372-9400

* * *

246 Myrtle Street

  • $529,500
  • Two-bedroom/1-bath (approx. 936 sf)
  • No parking
  • “Beautifully upgraded victorian condo in registered landmark building in convenient central location. Move-in condition. “
  • Listing agent: Robb Fleisher, AMSI, 740-0880

* * *

1800 Bryant Street, No. 311 (loft)

  • $625,000
  • Two-bedrooms/2-baths (approx. 1126 sf)
  • One parking space
  • “Fabulous live/work penthouse view tri-level loft in Media Gulch. Living area has open floorplan with generous living room, big dining area with kitchen, office space, BA + W/D on ground level. Dramatic circular staircase leads to main loft bedroom with bath and up to 2nd bedroom. Huge wrap around pano view roof deck. Parking.”
  • Listing agent: Heidi Mueller, Prudential California Realty, 722-2076

* * *

175 Bluxome Street, No. 111 (loft)

  • $613,888
  • Two-bed/2-bath loft (approx. 1066 sf)
  • One parking space
  • “Great Opportunity.. Short Sale PRE-FORECLOSURE..Dont Miss Out! Beautiful loft in San Francisco SOMA. Beautiful 2 Bedroom/1.5 Bathrooms..Awesome Condtion & Ready to Move-In! Stainless Steel Appliances, Granite Tops, Cherry Wood Floors.”
  • Listing agent: Jeffrey DeJesus, RE/Max Westlake, 650-270-4733

250 King Street, No. 410 (The Beacon)

  • $625,000
  • One-bed/1-bath
  • Parking: $100
  • “Stunning luxury living at the Beacon with a great view of the SF skyline. The Beacon is a full-service building in South Beach/Mission Bay with concierge, 24 hour security, gym, heated pool, two spas, saunas, private dog park, community club room and more. Plus, there’s a new gourmet Safeway, Starbucks, Borders, and AT&T park is a short walk away! Subject to short sale approval. Seller is motivated.”
  • Listing agent: Marlon Austria, Realty World Bay Area Real Estate, 650-355-2121

* * *

701 Pennsylvania, No. 1 (at 22nd. street)

  • $625,000
  • One-bed/2-bath loft (approx. 1200 sf)
  • One parking space
  • “Huge Corner live/work Loft style condo!3 levels ,First Level is a commercial style work space with 1/2 bath!2nd level has large and bright livingroom with 3 story windows.Nice well maintain kitchen with dining area.1/2 bath also on this level.Upper level 1 bedroom and1 full bath.Parking and close to 280,101 and caltrain.”
  • Listing agent: Norman Green & Sevan Kevorkian, Help-U-Sell Best Choice, 648-7355

* * *
950 Harrison Street, No. 210

  • $565,000
  • One-bed/1.5 bath loft (approx. 1016 sf)
  • One parking space
  • “Modern, light-filled 2 level condo in the stylish SOMA district between 5th and 6th Streets. Built in 2000, this unit is close to many of San Francisco’s amenities. Condo features a spacious loft bedroom with a walk-in closet, full split bath, skylight, gas fireplace, tall windows cover one wall with views of the city lights. Custom blinds, modern kitchen with Granite counters and more! A must see and a Steal at this price.”
  • Listing agent: Maribel Herrera, A.T. Realty, 925-628-9848

* * *
950 Harrison Street, No. 202

  • $575,000
  • One-bedroom/1.5 bath (approx. 1120 sf)
  • One parking space
  • “Great SHORT SALE opportunity. Price reduced! Brite top floor corner live/work loft with city views in trendy SOMA. Stylish open floorplan. Kitchen with granite counters, stainless steel appliances, skylights and tall windows. W/D in unit. Open courtyard. Close to transportation, freeways, restaurants, clubs, MOMA, South Beach and downtown.”
  • Note: sold last year for $699,000
  • Listing agent: Heidi Mueller, Prudential California Realty, 722-2076

* * *

701 Minna, No. 3

  • $664,900
  • One-bed/1.5 bath loft (approx. 1173 sf)
  • One parking space
  • Want instant equity? This is a great opportunity to purchase this contemporary SOMA loft. Wood floors, granite counters, stainless steel appliances. Seller wants this off the books for Jan 08 Close of escrow. “
  • Listing agent: Joseph M. Bradley, 925-875-1583

* * *

590 6th Street, No. 203

  • $680,000
  • Two-bedroom/3-bath loft (approx. 1502 sf)
  • One parking space
  • “Spacious Flower Market loft, tri level w/private street level entrance. Currently configured as 3/3, south facing living area, gourmet kitchen w/professional gas range, granite counters,solid birch cabinetry. Lovely hardwd flrs,quiet MBR up w/double vanity master,wired for Cat5 Data,hookups for W/D in unit. Was tenant occupied, needs just a little TLC to shine! Generous 1c Pkg in garage. Sophisticated, contemporary SOMA loft, close to freeways, shopping, dining &more! Vacant ready for new owner!”
  • Listing agent: Stephanie Klekas, 415-682-6636

* * *

950 Harrison Street, No. 107

  • $680,000
  • Two-bedroom/1.5 bath loft
  • One parking
  • Listing agent: Bill Williams, Urban Bay Properties, 756-5730

* * *

355 1st Street, No. S2303 (The Metropolitan)

  • $519,000 $599,000 (price increased)
  • One-bedroom/1-bath (approx. 691 sf)
  • One parking space
  • “Gorgeous 1 BR w/South view of SF Bay & Bridge from 23d floor living area and walk-out deck, in the gorgeous & sophisticated Metropolitan. High end, open kitchen with granite counters, high end appliances, marble bathroom, in-unit laundry, Convenient deeded parking on ground level (compact space #339-please check size before writing offer). Sophisticated complex offers 24hr concierge,huge gym,pool& spa, rooftop terrace, club room, conference & business centers & more! Hip South Beach/Rincon area.”
  • Listing agent: Stephanie Klekas, Coldwell Banker, 682-6636

* * *

Posted by damion | Filed Under Affordable Housing, News and Insights 

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