Deal or No Deal: New to Nob Hill
As the San Francisco rental market softens, so too is the market for condos and TICs (Tenancy in Common). This bodes well for buyers — as long as they can be patient. In general, we do not forsee a stabilization in the lower end of the condo/TIC market in San Francisco in the near term, so until that changes buyers very much have the upper hand, as they can demand price reductions, parking and other amenities to be included in the sales price.
This week’s Deal or No Deal is a newly remodeled TIC in
Nob Hill, close to the bars and restaurants of Hyde Street.
2 units in the building are up for sale, this being the middle
(and therefore lower priced) unit. Updates throughout, access to the back yard and a list price drop of $70,000. Parking, however, is listed as an extra $45,000 or $75,000 (depending on size of the spot).
In addition, HOA dues of $394 makes the monthly maintenance on this spot a bit on the pricey side.
The spot looks great, but do the numbers add up?
That’s what will determine whether this is a DEAL OR NO 
DEAL.
Address: 1446 Sacramento St., San Francisco, CA 94109 (MLS Listing)
Status: ACTIVE
Bedrooms: 2; Bathrooms: 2
Living Space: 1,025 sq ft
Lot Size: N/A
List Date: 5/26/2009
Original List Price: $669,000
Current List Price: $599,000
MLS no.:357053
Real Estate Agent Comment: Spectacular studs-out contemporary remodel of vintage Edwardian. 2BR/2BA flat with custom finishes throughout. Modern open floor kitchen/great room w/professional Viking appliances & Ceasarstone breakfast bar has french doors that open to rear deck w/access to lush landscaped rear yard. Master bath w/glass mosaic tile & walk-in closet. White oak floors, custom lighting & fixtures & new windows throughout.
In-unit W/D, garage pkg available.
DEAL or NO DEAL?
Comment below and tell us what you think!
Tags: 1446 Sacramento, cirios, condo, Deal or No Deal, tic