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I wish I were the listing agent on this wonderful property. I held an open house here last Sunday as a favor to a buddy of mine , and I just didn't want to leave.
This outer, outer Sunset home at 1330 47th Avenue is just two blocks from the beach and two blocks from Golden Gate Park. This neighborhood is not for everyone, but if you dig the outer Avenues, you need to take a serious look at this Asian-inspired home.
The main house (1,506 sq. ft.) has three bedrooms, two-and-a-quarter baths, and great features like a fireplace, office nooks, skylights and roomy closets. Built in 1938, it was remodeled by a local architect and artist.
At the back of the property, there's an unwarranted artist's studio (approx. 700 sq. ft.). Between the two structures is a gorgeous garden. Oh, and two car, side-by-side parking in a spacious garage!
It really is "Zen by the Beach." For more details and photos, see the listing site.
If you've ever coveted the über-gorgeous goods at the Arkitektura In-Situ showroom, grab a pen and your calendar.
Their annual sale runs November 8 and 9 from 10 a.m. to 6 p.m. Check their site for the address and map, if you don't already have their location programmed into your GPS and/or DNA.
The buzz I've been hearing is 20 to 70% off—plus an extra 5% for the first 200 customers each day. Nearly everything in their showroom costs the earth, but it's the most beautiful modern furniture in the city.
Y'know, I almost purchased a pair of incredible bar stools there once, but I decided to buy a car instead.
Right now, rates on conforming loans (up to $417,000, or 80% of a $521,000 property) can be had at roughly 6% for a 30-year fixed rate, with one point to the lender at closing. However, in San Francisco that's not going to get you more than a smallish condo or a TIC (tenants in common) property.
If you're looking for a single-family home, you need to know about conforming Jumbo and Jumbo loans So, what's the diff?
The conforming Jumbo is for loan amounts between $418,000 and $729,000 (or an 80% loan on a 912K purchase price). However, the limits on conforming Jumbos are being lowered to $625,000 at the end of 2008. Presently, conforming Jumbos will run you 6.25% for a 30-year fixed rate with one point to the lender at close of escrow.
The Jumbo includes loans over $729,000. They’re currently available for loans of up to $1.1 million at around 6.75% for 10 years fixed, going to variable for years 11 through 30. The standards on these loans are even more stringent than those of lower value loans, and they also require at least a point at close of escrow.
While the financing arena is certainly tougher than its been for years, it is still possible to finance a home. (Do I need to mention that I'm just the person who can help you jump through lenders' hoops?)
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