My Life as a San Francisco Realtor: West Portal Fixer Sold for Over $1Mil

West Portal Fixer Sold for Over $1Mil

West Portal Fixer Sold for Over $1Mil

Let me say up front this wasn't my listing, I wasn't involved in the transaction at all. I just want to point out what the market is like in San Francisco. 

San Francisco's West Portal neighborhood is a solid middle to upper class area. Ideal family neighborhood, a safe area for walking - even at night. West Portal Avenue looks like any mid-sized town's Main Street. And there is a light rail station that can wisk you downtown in 10 to 15 minutes (usually). 

West Portal FixerThis fixer is a short walk to all I mentioned in the above paragraph. It has 3 bedrooms, 1.5 baths, 1200+ sf and some additional rooms downstairs. It looks like a fixer - peeling paint, fragile single pane windows, looked like some water damage in the living room ceiling, no real upgrades in years and years.

It listed at $799,000, a reasonable price for its condition. Active on market for only 15 days.

And the final sales Price? $1,116,000.

As they say in the biz, location, location, location!

West Portal Fixer Sold for Over $1Mil

 

John M Scott, Broker / Owner, Scott Keys Properties, Certified Distressed Property Expert (CDPE), Council of Real Estate Brokerage Managers (CRB), serving San Francisco and the surrounding San Francisco Bay Area

Comment balloon 3 commentsJohn M. Scott • September 05 2014 02:58PM

Comments

I believe it!

Fixers are a gold mine if handled correctly especially if it's in a very desirable area.

Posted by Pete Xavier with AffordablePlan.org, Outstanding Agent Referrals-Nationwide (Investments to Luxury) over 3 years ago

300K over asking price, seems to be a lot of potential in your market John.

Best of success to you as you get involved in the next impressive transaction!

 

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service / Woodland Real Estate, Keller Williams fox cities) over 3 years ago

Location rules and that sounds like a very desirable one.  I do love the look of the house - very quaint - and I bet it could be a little jewel box. 

Posted by Susan Haughton, Susan & Mindy Team...Honesty. Integrity. Results. (Long and Foster REALTORS (703) 470-4545) over 3 years ago

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