http://www.pegasusventures.net/wordpressblog/2009/09/06/beautiful-wreck-587-jersey-noe-valley/ The Dirt on San Francisco Real Estate - (Broker, Cal. Dept. Real Estate License No. 773349) Wed, 02 Jun 2010 21:13:56 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.pegasusventures.net/wordpressblog/2009/09/06/beautiful-wreck-587-jersey-noe-valley/comment-page-1/#comment-525 Misha Tue, 08 Sep 2009 05:45:05 +0000 http://www.pegasusventures.net/wordpressblog/?p=467#comment-525 My guess is they'll at least double the square footage and I don't think it'll cost them $500 for each of those extra feet. If it's an owner/user and they end up with a beautiful 2600 sf. house for say another $900k in, they'll have bought for around $615 per foot, which is good by Noe standards. If it's a contractor aiming to spin, you can knock 30% off that, and there's a nice little profit. You're right about demolition in SF. But here, they'll keep the gorgeous facade and build everything up behind it. My guess is they’ll at least double the square footage and I don’t think it’ll cost them $500 for each of those extra feet. If it’s an owner/user and they end up with a beautiful 2600 sf. house for say another $900k in, they’ll have bought for around $615 per foot, which is good by Noe standards. If it’s a contractor aiming to spin, you can knock 30% off that, and there’s a nice little profit. You’re right about demolition in SF. But here, they’ll keep the gorgeous facade and build everything up behind it.

]]> http://www.pegasusventures.net/wordpressblog/2009/09/06/beautiful-wreck-587-jersey-noe-valley/comment-page-1/#comment-524 Jean-Claude Tue, 08 Sep 2009 01:04:49 +0000 http://www.pegasusventures.net/wordpressblog/?p=467#comment-524 Now you can safely assume you'll be spending $500 a foot (at least) to make it pretty again, so for a total price of between 1.3-1.5m. is this a good deal for a house in Noe valley. The real trick would be to use the opportunity to make it bigger? It would be a labour of love though. At least in SF they will not let you demolish and built Lofts there. Now you can safely assume you’ll be spending $500 a foot (at least) to make it pretty again, so for a total price of between 1.3-1.5m. is this a good deal for a house in Noe valley. The real trick would be to use the opportunity to make it bigger? It would be a labour of love though. At least in SF they will not let you demolish and built Lofts there.

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