Sold Nearly $1 Million Over Asking Price
Listed Exclusively with Kevin K. Ho & Jonathan B. McNarry
1072 Noe Street, San Francisco
A Large Noe Valley Victorian with Dream House Potential
▸ In the heart of Noe Valley, literally.
▸ Walk Score: 96, Walker’s Paradise, Daily errands do not require a car.
▸ Transit Score: 81, Excellent Transit, Transit is convenient for most trips.
▸ Bike Score: 76, Very Bikeable, Very steep hills, excellent bike lanes.
▸ Close to tech shuttles and the J-Church Line.
▸ Near 101/280 freeways
The Property: Your Noe Valley Dream House Opportunity.
Unlock the potential to build a dream home right at the heart of Noe Valley at 24th and Noe Streets. Untouched for decades 1072 is one of the few large single-family homes that hasn’t been carved up into TICs or condos (yet its RH-3 zoning could allow it).
With a large ≈ 1800 ft.² of living area on one main living level, it appears 1072 Noe also has potential to add more living area:
- There’s an 8+ foot tall true two-car garage that backs up to an approximately 750 sqft elevated basement area (also full-length) that could be dug out (≈ 50-60 yd.³)
- There’s also an undeveloped full-length pitched attic with potential view of Twin Peaks that runs nearly 60 feet in length from front to back that’s approximately 11 feet high at its tallest.
- When you’re in the backyard you’ll see the sunroom portion of the house extends out further into the yard when compared to the adjacent structures. The parcel is 25 x 105 feet dimensions and 1072’s current backyard is 31-32 feet deep when measured from the sunroom’s exterior wall.
So, it would appear the opportunity is ripe for the picking at 1072 Noe. The house has been owned by the same family since the Johnson administration (1969) and has seen the comings and goings of that family for four generations. And now it’s time for someone new to work their magic at 1072. Will it be you?
Offered at: $1,898,000
SOLD at: $2,800,000
▸ Circa 1900 (DBI records); 1st water connection 1907 (as per Spring Valley Water Records)
▸ RH-3 Zoning; 40-ft height limit; Potentially Historic (DBI records)
▸ Tall 11-ft+ ceilings; Living Area on one floor 1799 sqft (as per tax records)
▸ Full-length attic with a pitched roof that’s about 11 ft high at its tallest point; attic runs approximately 58 feet from front to back
▸ Two-car garage with elevated rear area of about 750 sqft
Here’s What Offers Looked Like
Our Open Houses…
We showed 1072 Noe on June 20, 21 and 23 and received 6 offers on Wednesday, June 24 — all of them over-asking price. We will update you soon as to the closing price and details.
Owner-Users vs. Developer-Investors
- Owner User
- Owner User
The sellers have received a number of early and unsolicited offers over the years and as recently as just last week. Because we want the process to be fair as possible, the Sellers have said that they will begin to review any offers received beginning Wednesday, June 24, 2015, after 2 p.m. Email Kevin or Jonathan for disclosures.
1072 Noe is held in trust with four adult beneficiaries. There have been no deaths on the property over the past three years. Also, no court confirmation of any sale appears to be needed. Buyers are to verify the condition of the property and must investigate any matter they wish to their own satisfaction, as an “as is” sale is preferred. The cars pictured above are a Triumph 6 and a GTO and the family intends on moving the cars during the sale and they are not currently for sale. A buyer can however, ask for the sellers to leave the piano in the living room if they like!