Score
0San Francisco, CA
2118 47th Ave
1.3M
3 beds
2 baths
1,997 sqft
3 bd • 2 ba • 1,997 sf
This analysis was generated on 1/17/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,295,000
Price/Sq.Ft
$648
Year Built
1939
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This charming Outer Parkside home offers exceptional value with its prime location just blocks from Ocean Beach and convenient access to Noriega & Taraval streets. At $648.47/sqft, it's priced competitively compared to the San Francisco median of $1,000/sqft. The 1,997 sqft layout is 33% larger than the typical 1,500 sqft home in the area, providing ample space. Recent renovations include a tastefully remodeled kitchen and a second bath, enhancing its move-in ready appeal. The property has appreciated 43.9% since its last sale in 2014, outperforming the San Francisco average of 38% over the same period. Climate risk scores are excellent, with minimal flood (1/10), fire (1/10), and wind (1/10) risks, potentially leading to lower insurance premiums.
The Bad
The property's age (built 1939) suggests potential for hidden maintenance issues and outdated systems. While the kitchen has been remodeled, the extent and age of the renovation are unclear, potentially necessitating updates in the near future. The air quality risk score of 7/10 is concerning, with 12 bad air days per year, which is higher than the San Francisco average. The estimated insurance cost of $4,662/year is relatively high, likely due to the property's value and location. The home's proximity to the ocean (blocks from Ocean Beach) may lead to increased maintenance needs due to salt air exposure.
The Ugly
Total monthly ownership costs are substantial, estimated at $7,910 ($5,520 mortgage at current rates + $389 property tax + $389 insurance + $1,612 estimated maintenance/repairs). This high cost of ownership may limit the pool of potential buyers. The property's appreciation rate, while strong, may be slowing, as evidenced by the current list price being only slightly higher than its 2014 sale price adjusted for average market appreciation. The severe air quality risk (7/10) could lead to health concerns and potential future costs for air filtration systems. The home's period details, while charming, may require specialized and costly maintenance to preserve.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for buyers with a household income of $300,000+ (based on a 28% front-end DTI ratio). It's perfect for families or professionals seeking a spacious home in a quiet, residential area with easy beach access. The flexible ground floor space makes it suitable for those needing a home office or in-law suite. Investors could expect strong long-term appreciation potential given the desirable location and larger-than-average square footage for the area.
Not For
Not suitable for first-time homebuyers or those with incomes below $300,000 due to high monthly costs. The property may not appeal to those prioritizing ultra-modern finishes or looking for a low-maintenance lifestyle. Buyers sensitive to air quality issues should carefully consider the high air quality risk score. Not ideal for short-term investors looking for quick flips, as the property is already well-maintained and priced close to market value.
Demographics
Area Median Income
$134,652
Property History
Price History
Ownership Timeline
$0Cash Purchase
Nov 8, 2018Colleen A Meier, Robert WongRobert Wong, Colleen Meier
Intrafamily Transfer
Non-Arm's Length Transactions
$900,000Financed
Apr 29, 2014Danny Nin Wong, May Lin WongColleen A Meier, Robert Wong
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Sep 3, 2010Danny Nin Wong, May Lin WongDanny Nin Wong, May Lin Wong
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$14,596
2024 Tax Assessment
1.6%from previous year
Assessed Value$1,185,629
Tax Rate1.23%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
5.3/10
AverageMiddle
5.8/10
AverageHigh
4.7/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$2,180
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,295,000
Price/sqft
$648
Layout
3 bd•2 ba
Days on market
6 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,617,300
19.9%
Your price is 19.9% below average
Median Price
$1,680,000
22.9%
Based on 6 recent sales
Price per Sq.Ft
$897
27.7%
Your price is 27.7% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2486 35th Avenue, San Francisco, CA 94116 | $1,680,000 | 2,043 | 4 | 2 | $82226.8% | 11/7/2024 |
| 2501 Quintara Street, San Francisco, CA 94116 | $1,713,800 | 2,071 | 3 | 2 | $82827.6% | 10/25/2024 |
| 1666 36th Avenue, San Francisco, CA 94122 | $1,800,000 | 1,764 | 3 | 2 | $1,02057.4% | 11/22/2024 |
| 2223 38th Avenue, San Francisco, CA 94116 | $1,600,000 | 1,640 | 3 | 2 | $97650.4% | 11/16/2024 |
| 2519 44th Avenue, San Francisco, CA 94116 | $1,350,000 | 1,616 | 3 | 2 | $83528.8% | 11/16/2024 |
| 1727 39th Avenue, San Francisco, CA 94122 | $1,560,000 | 1,732 | 4 | 2 | $90138.9% | 10/3/2024 |
2486 35th Avenue, San Francisco, CA 94116
Price: $1,680,000
Sq.Ft: 2,043
Beds/Baths: 4/2
$/Sq.Ft:
$82226.8%
Sale Date: 11/7/2024
2501 Quintara Street, San Francisco, CA 94116
Price: $1,713,800
Sq.Ft: 2,071
Beds/Baths: 3/2
$/Sq.Ft:
$82827.6%
Sale Date: 10/25/2024
1666 36th Avenue, San Francisco, CA 94122
Price: $1,800,000
Sq.Ft: 1,764
Beds/Baths: 3/2
$/Sq.Ft:
$1,02057.4%
Sale Date: 11/22/2024
2223 38th Avenue, San Francisco, CA 94116
Price: $1,600,000
Sq.Ft: 1,640
Beds/Baths: 3/2
$/Sq.Ft:
$97650.4%
Sale Date: 11/16/2024
2519 44th Avenue, San Francisco, CA 94116
Price: $1,350,000
Sq.Ft: 1,616
Beds/Baths: 3/2
$/Sq.Ft:
$83528.8%
Sale Date: 11/16/2024
1727 39th Avenue, San Francisco, CA 94122
Price: $1,560,000
Sq.Ft: 1,732
Beds/Baths: 4/2
$/Sq.Ft:
$90138.9%
Sale Date: 10/3/2024
Frequently Asked Questions
Property Discussion
1 commentYou
GC
Giulio C.1/21/2025
I wonder why the price per sqft is so much cheaper than the comps... Seems a bit suspicious?
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