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InvestSF / Keller Williams International Real Estate

July 28, 2017

SOLD: 55 Homestead Street | SF

July 28, 2017

SOLD: 55 Homestead Street | SF

Description

Prime Noe Valley Luxury Home Development Opportunity – 55 Homestead St. San Francisco

55 Homestead is a fully entitled, new construction development project located in the sought-after Noe Valley neighborhood of San Francisco. Seller received final permit approval (~3 years in the making) to build a luxury 3 level home of approx. 3,904 Sq. Ft. (as per Architect):

Plans

Hood Thomas Architects designed a contemporary 3 Bedroom + (could be fourth bedroom or Media Lounge), 3.5 Bath home with garage, large East facing garden and view home, within steps to the prime Noe Valley 24th St. corridor, and offering easy access to HWY 101’s and 280 on ramp, and public transportation, making the property ultra-convenient for commuters looking for a luxurious, urban, and central location.

Milestones

  • Architectural and engineering complete
  • Approved Plans and Permits
  • DPW

‘Shovel ready’ status is imminent, permits ready to pull, with a likely construction start as soon as June 2017.

Existing Property

Lovely Victorian home with expansive garden to be delivered vacant – prior to close of escrow. Development calls for keeping partial façade, due to Planning requirement to ‘fit in’ to neighborhood look and feel.

  • Lot Size 3,123 Sq. Ft. (as per Tax Records)
  • Zoning: RH2 (as per Tax Records)
  • Originally Built 1900 (as per Tax Records)
  • Lot and Block: 6504 – 029
  • Height Limit: 40′ (as per Planning Dept.)

Please note that there will be minimal excavation cost for excavation and shoring, as property is a flat, regular shaped lot.

List Price: $2,150,000

Location

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