944 Madrid Street, San Francisco, CA 94112, San Francisco, 94112 - 2 bed, 1 bath
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San Francisco, CA 94112
This 1923 Craftsman bungalow represents a Strong Value Opportunity, listed at $995,000—positioned well below the $1,117,321 Fair Market Value by 10%. This valuation gap provides $122,321 in Instant Equity. Featuring original Gumwood finishes and a versatile lower level, the property holds a Fair Condition Rating that invites value-add modernization. Located near top-rated schools like Lowell High, this residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 944 Madrid Street Subject | $995,000* List Price | 2 | 1 | 1,060 | $1,054 | - |
A 631 London Street Sold | $1,010,000 | 3 | 2 | 1,250 | $808 | 0.2 mi |
B 422 Paris Street Sold | $953,000 | 2 | 1 | 1,148 | $830 | 0.5 mi |
C 116 Madrid Street Sold | $1,020,000 | 3 | 2 | 1,125 | $907 | 1.0 mi |
D 130 Brazil Avenue Sold | $1,130,000 | 2 | 1 | 1,125 | $1,004 | 0.6 mi |
E 66 Theresa Street Sold | $870,000 | 2 | 2 | 1,140 | $763 | 0.9 mi |
F 451 Huron Avenue Sold | $1,175,000 | 2 | 1 | 1,215 | $967 | 0.5 mi |
G 112 Ellington Avenue Sold | $1,160,000 | 2 | 1 | 1,215 | $955 | 0.3 mi |
H 667 London Street Active | $999,000 List Price | 2 | 1 | 1,025 | $975 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923 and on the market for the first time in over 40 years, the property is well-maintained but significantly dated. The kitchen features 1980s-era oak cabinetry and tile counters, and the interior retains older finishes like wallpaper and dated carpeting. While functional and move-in ready, the age of the systems and finishes (>30 years) necessitates updates to meet modern standards.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
This 1923 Craftsman bungalow retains exquisite original character, including Gumwood finishes, French doors, and built-in cabinetry, offering a rare level of vintage charm for the area.
The expansive garage area provides exceptional utility with multi-car parking, a workshop, and a bonus room, offering significant storage and potential for future expansion.
Given the long-term ownership, the home likely requires significant cosmetic updates and system upgrades to meet modern standards and buyer expectations.
With only 1,060 square feet and a single bathroom, the current layout may be restrictive for growing families or those seeking a more contemporary open-concept floor plan.
This exceptional opportunity in the Excelsior District sits within easy reach of everything the neighborhood has to offer. On the market for the first time in over four decades, this residence features all of the charming details you would expect from a craftsman bungalow built in 1923. It includes Gumwood finishes, elegant French Doors, hardwood floors, built-in bookshelves with glass-panel doors flanking the period fireplace, and detailed picture-frame moldings. The property offers a Formal Living Room with a Fireplace, a separate Formal Dining Room with a built-in China Hutch, a spacious kitchen with an eating area, two bedrooms, a sunroom, and a full bathroom on the main level. In the garage, there is ample storage space, parking for several cars, a workshop area, a small bonus room, and laundry facilities. The backyard awaits your vision for an ideal outdoor retreat.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,060 | - |
| Lot Size | 2,509 | - |
| Price | $995.0K | $2.02M |
| Price per sq ft | $939 | $1.2K |
| Built year | 1923 | 0 |
| HOA | $0 | $0 |
| Days on market | 41 | 46 |
Jun 11, 2026
$995,000
Initial Listing