You set a certain budget for your house hunt—and you can’t go a penny over it. But what if you want to expand your search a wee bit beyond a specific neighborhood? We decided to play the comparison game by exploring what you can buy for a certain dollar value in various California neighborhoods in a new series we’re calling “Cali Comparables.” We’re going across the Golden State to give you an idea of how far your dollar goes in certain areas.
Last time, we headed down to San Diego, where you can get a lot for your money if you have a budget of $1.2 million. We wish we could say the same for San Francisco, the center of the nation’s real estate boom. Recent studies have found that the city has the highest share (58%) of million-dollar homes in the country. And if that doesn’t depress you, maybe this little factoid will: 63% of all homes are valued at one-million or above. Since million dollar homes are about as commonplace as monthly parking tickets (if you live in the city, you’ll understand), how much house can you afford in San Francisco if you set your real estate budget at a healthy $2 million (or slightly over/under)? Let’s take a look:
How about a Yerba Buena penthouse with a view? Impressed yet? And how about a generous south facing terrace running the length of the open plan living area with enough space to enjoy those sweeping city and water views? This two-bedroom, 1,289 square-foot abode has major amenities and finishes too: travertine floors in the great room and kitchen, a kitchen with granite countertops and high-end stainless steel appliances. The best part, however, is that the price has just been reduced by $250,000 on this pretty gem.
This historical Mission Revival building, originally a firehouse has been restored and renovated inside and out. There are two spacious townhome-style condominiums, each artfully re-imagined with a blend of contemporary flair, clean modern lines and retention of some very unique items like metal clad interior doors and an original brass fire pole. You’ll have four bedrooms and five and a half bathrooms, gourmet eat-in kitchen, dining room, large living room opening to one of four exterior decks. It’s amazing for entertaining and indoor/outdoor living. And it’s got two huge advantages. First, it comes with a large custom laundry, which can also double as an informal office. And second, it comes with private garden leading from the ground floor guest suite to the detached one car garage. Emphasis on: garage.
Here’s the lowdown on this sweet private retreat in Telegraph Hill. Surrounded by trees and rebuilt in 1989, this four-bedroom, three and a half-bath condo—which the listing agent calls “house-like”— has its own separate detached building with a private entrance and city views. Like 10 Carmel, it has private exclusive use garden patio on ground floor. You’ve also got views from 2nd floor, however—an added bonus. Additionally, there’s an open commercial kitchen with stainless steel appliances, a built-in speaker system, hardwood flooring, recessed lights, track lights and a powder room. “It’s an ideal layout for entertaining,” claims the listing agent. The top floor features a master bedroom with a spacious bathroom, a separate bedroom and bath and in-unit washer and dryer—which is a major perk in the city. And who can overlook the three-car garage?
Click here for other homes currently for sale in San Francisco in the $1.9-2 million range.