June 10, 2017

343 Valley St, Noe Valley

1,650 square foot 4 bedroom 3 bath flat-front duplex Italianate built around 1900. This property, ripe for flipping, has been in the same family forever as is indicated by the assessed value of $71K and yearly property taxes totaling the grand sum of $1,400.

Currently valued at about $1.2 million. And really, in RED HOT Noe Valley it really doesn't matter what the interior looks like.

Historically Noe Valley was known as a quaint suburban neighborhood with relatively inexpensive homes. In the late 1800’s through the early 1900’s many of the row houses were built for the working class families that could not afford to live in the more upscale areas of the city.

Today Noe Valley is the most sought after neighborhood by the young and affluent tech billionaires. San Francisco Magazine ranked Noe Valley more desirable than Pacific Heights. The most desired area is located above Mission Dolores Park between Cumberland St and Liberty St. Real estate prices in the neighborhood have almost tripled over the past couple of years. Many of the homes have been flipped by developers and turned into modern high tech mansions that sell between $5-$7 million. The most expensive homes offer amazing downtown views and are near by a tech shuttle stop.

Valley between Noe and Castro c. 1922

Valley between Noe and Castro c. 2017

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