[quote=zzz]I know there are a few other North Park watchers on here, any opinions on price movement? In my opinion very overpriced still. I look at North Park as very segmented. The homes that have a premium on it tend to hug the park north of Morley, south of University. To the southern boundary would be Nutmeg on the east side of the park. And west of 30th. Everything else in North Park really seems to be highly variable in terms of how nice the street is.
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Typically homes with 2 bathrooms and west of 805 are not the easiest to get for less than a half mil.
The stuff that is close to the park is generally more than 650 (again, depending on how close to the park and how big and how well kept…)
Usually stuff north of grape tends to be more desirable than stuff south.
[quote=zzz]
Now this home below is east of 30th, and therefore in my definition, not in the premium zone. I have popped into a few open houses in this neighborhood and I actually looked at this house to rent. It wasn’t even a house I would rent. I seriously don’t understand how someone payed 415k for this house. Let me just say it was photographed far better than it looks. It is very small with the sense that nothing belongs where it does. It is off a very busy street with a lot of street noise and cars zooming by. The house looks like it had been the guest house or garage of the house adjacent. There is no garage, just street parking. It did not have a proper living room. It was a weird room that felt like it should have been a bedroom. The 2nd bathroom was so small I could barely fit in it and close the door.
Someone please tell me how this house sold for more than the couple paid for it in 2007?
Palm and 33rd does not have a comparatively huge amount of noise and as far as the “east of 30th” or “north of Nutmeg” definitions, those simply do not hold up to effective demand. All of the expensive Burlingame neighborhood is east of 30th and almost all is south of Nutmeg.
Many houses over there have little or no parking.
As far as the funky floor plan, that is common in the 20’s houses.
Really I think the price most reflects the fact that it has a second bathroom. Not a lot of those right now at that price.
Update:
Currently, in the area bounded on the north by University, on the south by Nutmeg, on the West by Florida, and on the east by 805, there is exactly one house for sale with more than one bathroom for less than $500k. It is a short sale at 3030 Bancroft with 1.5 bathrooms.
