Yeah, pretty standard listing practice seen today in the Sunset. Now, nicer ones have been listed for the same $995k lately. Since this one is not that nice, I might be inclined to list it lower at say 899k to show that it is a better value per se than the other beauty queens out there…
Shoot, after looking at all of the pics, maybe 799k…
Sorry, not sure you are saying they should have listed 799K to get more bidding or house is worth around that number. I am not quite familiar with the sunset market.
Yes, this in opinion is way too high listed for what it is. It should really be way lower. Not to say people aren’t going to look but when a beauty like the one below is at the same 995k, which would you take (in theory)?
The beauty might sell for $1.3M. The beast might sell for $1.1M… both should sell above asking for sure.
I am thinking way higher as I went to that one. Very nice. 1.4-1.5M would be my guess.
This one I did not go see, but it is lovely… pended of course and sported the same 995k listing price…
Here you go @wuqijun, as my case study home as indicative of the strength of the Central Sunset. Recent sale and I live reasonably close to this one. You can’t tell me that this one is in great shape at all really to garner nearly 1.5M.
https://www.redfin.com/CA/San-Francisco/1979-30th-Ave-94116/home/1062196
Yes I honestly feel that one is overpaid. But if that one got 1.5m I think the beauty can garner 1.5m as well, no problem…
Yours I looked at it again at the before and after pics and frankly I liked it before Mr. Louie worked his vision. I certainly liked the exterior color before. Yes, the kitchen remodel was pretty good but do you really like what he did with the decks to kind of close off the yard? I kind of liked the yard before, nice and open. Sometimes too many bolt-ons are just too much.
Louie is going to lose his shirt. 
The machine will make out like a bandit of course.
As in the cases with hiring lawyers right? To be fair, we need the final closing price on this beauty to ascertain if Mr. Louie took a hit and will have to eat in for a few months or if he bingo’ed it and can eat out at Dragon Beaux every night… No, I haven’t gone yet…
Even if Louie turned a profit, what he make will not be proportional to the money and effort he put in. Or as the fancy finance kids would say, the ROI is rotten. Like the PA flip I posted a while back. Now that’s just an educated guess in my part. It’s possible that his house is so hot it will sell for 2.5. Not likely but what do I know?
The narrowing between Central and Inner Sunset prices is very interesting to me. I like inner because I am a suburban man in heart. Inner has the peace and quiet that reminds me of my first love: San Jose. Too bad I can’t bring my fav Chinese restaurant there… 
Dude, despite how good it is, it would fold because rent is too high in that sector say on Irving. Whereas, San Tung, is printing money every single day it is open. You can knock the wings all you want, but the green rolls out of there every night, on the night in huge bags!!!
I think you guys are being too harsh on Mr. Louie. Only time will tell but I think he made the right effort. The house was missing an entire level at the back before because the backyard sloped up. They had couple rooms downstairs but they felt like a dungeon with no windows. Opening up the backyard just created a whole new dimension to the house. Now it is a true double story house with 5 bedrooms. If you recall the house down the street with similar layout sold for 1.95M. So I think 2M is in order for this one, and if that truly is the final sales price then Mr. Louie should stand to make a tidy profit.
Inner will always triumph over central. The ranking goes like this: Inner Richmond > Inner Sunset > Central Richmond > Central Sunset > Outer Richmond > Outer Sunset.
Redfin Data (Last 3 months):
Inner Richmond: $1.65M
Inner Sunset: $1.62M
Inner Parkside: $1.30M
Outer Richmond: $1.18M
Outer Parkside: $1.17M
Outer Sunset: $1.10M
Line of Divide between inner and outer is 19th Ave for both Richmond and Sunset.
I am telling you as someone who has lived in the Fab 7x7 all my life (over a half century). The Richmond District used to be considered eons better than the Sunset but more recently it is no longer the case. I have given too many reasons why (no parking, no trains, no quick access to freeways) the Sunset has def made up ground and the SOLD housing prices are indicative of that notion. More and more people prefer the Sunset now. That was not the case before, but it is true now.
The no parking no train no freeway access factors all exist for as long as I can remember, yet Richmond is still the preferred location. The real reason why Richmond beats your neighborhood is because of the weather - it is less foggy and warmer than Sunset.
The weather is marginally better. Shoot, I would rather be in Chinatown which kicks both neighborhood’s butt. But seriously, the Sunset has gotten way more press than the Richmond ever did. Trulia had voted the Sunset district as best quality of life neighborhood awhile back. Sure, the Richmond has a lot to offer in terms of stores and restaurants but you have to admit the Richmond is so dense where the houses are all up against each other. The Sunset feels a bit more spread out.
Sunset has goggle and facebook shuttles, right? How about Richmond?
Sunset also seems more Asian than Richmond.
It’s definitely easier to commute to SV from Sunset. North SF has been appreciating slower than SF South, I guess it’s because the commuting time to SV. Pacific Heights, Marina, North Beach and Richmond have been lagging in terms of appreciation rate.
If you look at the pricing from Redfin, Richmond and Sunset are almost identical to each other. Sunset just lagged behind by a minuscule amount. The real difference is between the Inner part and the Outer part for both neighborhoods. The further out to the ocean it gets, the less valuable it becomes.
I don’t think it has much too do with the weather at all, although one might think that being closer to the ocean might make it colder and less desirable. The real reason for the difference has to do with the way these houses were built. Houses in the Outer districts were originally constructed more cheaply than the Inner districts (less square footage, more cookie cutter, less curb appeal, lacking some essential characteristics such as a fireplace and side door access).
To visualize the difference, just take a random drive along 40th Ave and compare that to 18th Ave. You can feel the difference in quality of the 2 neigborhoods just by standing there on the sidewalk.