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2010 16th Avenue, San Francisco, CA 94116, San Francisco, 94116 - 5 bed, 2 bath

2010 16th Avenue, San Francisco, CA 94116 home-pic-0
ACTIVE$898,000
2010 16th Avenue, San Francisco, CA 94116
5Beds
2Baths
1,508Sqft
3,956Lot

Price Vs. Estimate

The estimated value ($1,036,200.28) is $138,200.28 (15%) higher than the list price ($898,000). This property may be underpriced.

Key pros and cons

Top Pros:
Panoramic Ocean Views: The property offers endless, unobstructed ocean views from its elevated position in the desirable Golden Gate Heights neighborhood, a premium and highly sought-after feature.
Top Cons:
Extensive Renovation Required: The description explicitly states the home needs a 'makeover' and implies kitchens and baths require updating, indicating significant upfront renovation costs for modernization.

Compared to the nearby listings

Price:$898.0K vs avg $1.66M ($-762,000)11%
Size:1,508 sqft vs avg 1,740 sqft41%
Price/sqft:$595 vs avg $1.0K14%

More Insights

Built in 1940 (85 years old).
Condition: Built in 1940, this property requires substantial renovation despite an updated kitchen. The main bathroom is severely outdated with original-era tiles and fixtures, necessitating a complete overhaul. Other areas feature dated elements like wood paneling and wall heaters, indicating older systems and finishes throughout. The listing description explicitly states the need to 'redo the baths & kitchen' and highlights 'Extensive Renovation Required' as a weakness, aligning with the 'Poor' condition criteria for properties needing significant rehabilitation.
Year Built
1940
Close
-
List price
$898K
Original List price
-
Price/Sqft
$595
HOA
$0
Days on market
-
Sold On
-
MLS number
425088711
Home ConditionPoor
Features
Excellent View:
View-

About this home

First time on the Market - owned by the same family for over 40 years! With good bones, great flow & character this home is waiting to become the Belle of the Ball with a light makeover or the Grande Dame with the build out of the lower level and adding another level on top. High on a hill this Golden Gate Heights home has endless unobstructed views of the Ocean. You'll find 3 generous bedrooms and bathroom on the upper level. Lower level has room to develop part of the garage into living space and a bathroom. This a rare property in San Francisco with a lane in the rear. For an end user you'll love it that you can redo the baths & kitchen to just the way you want or bring your contractor to expand. For a developer you'll love that you can expand within the envelope & maximize profits on this (just shy of) 4,000 sq ft lot. Either way, this house presents a tremendous opportunity.

Condition Rating
Poor
Built in 1940, this property requires substantial renovation despite an updated kitchen. The main bathroom is severely outdated with original-era tiles and fixtures, necessitating a complete overhaul. Other areas feature dated elements like wood paneling and wall heaters, indicating older systems and finishes throughout. The listing description explicitly states the need to 'redo the baths & kitchen' and highlights 'Extensive Renovation Required' as a weakness, aligning with the 'Poor' condition criteria for properties needing significant rehabilitation.
Pros & Cons

Pros

Panoramic Ocean Views: The property offers endless, unobstructed ocean views from its elevated position in the desirable Golden Gate Heights neighborhood, a premium and highly sought-after feature.
Significant Expansion Potential: The home presents substantial opportunities for both end-users and developers to expand living space, including developing the lower level, adding another story, and converting garage space, maximizing its value.
Prime San Francisco Location: Situated in the prestigious Golden Gate Heights area of San Francisco, known for its elevated positions and scenic vistas, within a robust and competitive real estate market.
Generous Lot Size: With a lot just shy of 4,000 sq ft, the property provides ample space for potential expansion and outdoor amenities, which is considered a significant asset in San Francisco.
Rare Market Opportunity: Being offered for the first time in over 40 years and featuring a unique rear lane, this property represents a rare acquisition for customization or development in San Francisco.

Cons

Extensive Renovation Required: The description explicitly states the home needs a 'makeover' and implies kitchens and baths require updating, indicating significant upfront renovation costs for modernization.
Older Construction & Systems: Built in 1940, the property likely has original or older systems (plumbing, electrical, heating) and finishes that may require modernization, adding to the overall renovation budget and potential for unforeseen issues.
Limited Bathroom Count: With 5 bedrooms and only 2 bathrooms, the current configuration may be insufficient for a larger family or for the expanded potential of the home, necessitating additional bathroom installations during renovation.

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