I Want This San Francisco House: Presidio Heights Fixer-Upper, $2.9M

3150 Jackson St., San Francisco, CAOf course $2,995,000 is an outrageous amount of money to pay for a fixer-upper house. But in San Francisco's Presidio Heights neighborhood, it's a deal if you consider how far prices have dropped in the stylish neighborhood in the past year.

The house at 3150 Jackson St. is for sale for $2,995,000, although a Trulia listing has it for sale at $2,695,000. Whatever price you get, it's a lot less than it would have been a year ago compared with other homes in the neighborhood.
According to Trulia, median sales prices for homes in Presidio Heights from December 2009 to February 2010 was $1,198,403, down 46 percent from the same period a year ago. That's a big drop in price in a year, making this big fixer-upper look like a deal, even at $2.9 million. Comparable homes in the neighborhood have sold for $2,676,000.

3150 Jackson St., San Francisco, CABuilt in 1906, the home has 5,475 square feet with six bedrooms and three bathrooms. Major renovation is need, according to the real estate agent. There aren't many photos on online listings of the home, including a Web site put up by the real estate company selling the home, so you'll have to either visit for a tour or take their word that renovation is needed and see it for yourself when you walk through.

There are, however, plenty of photos of the Presidio Heights neighborhood, and all of the unique shops and cafes in the area. Presidio Heights streets are typically wide and the neighborhood is flat, offering a rarity in San Francisco with homes that often have front, back and side yards.

The Jackson Street home, however, is on a hill with a view of the Golden Gate Bridge from the third-floor family room and deck. Again, we'll have to take their word on it, since photos of what must surely be a magnificent view aren't on the Web site. The home has a new roof and some new windows. The second floor has five bedrooms, an office and sunroom. The main floor has a double parlor, family room, kitchen, bedroom, bath and office. The home also has a one-car garage and a garden.

If you know how to use a hammer or have the money to renovate, then this huge home could be what you want in San Francisco. Me, I'd have to budget for someone to do the renovation work while I took in the view of the Golden Gate Bridge.

See more great homes in San Francisco at AOL Real Estate.
Read Full Story

Find a home

Powered by Zillow