Dream Home Not so Dreamy? – 1240 5th Ave Update

Once nothing more than a modest green shack usually filled with drunken (but friendly) Irish workers, 1240 5th Ave. was rebuilt in 2008/2009 with a home in front and a guest home in rear. It was popped on the market starting at $2,389,000 and eventually withdrawn at a listing price of $2,,280,000. Then it was offered as the 2009 SF dream home in a raffle fundraiser. But the winner took the cash instead of the house, so it was put back on the market at a list price of $2,100,000.  The MLS reports the sale price as confidential, but the public tax records report a sale price of $2,010,000.

So what to do with your shiny new 2.01 million dollar house?

Why, remodel it of course! Today as I walked past I noticed that the porta-potty was out front, the scaffolding was going up, and work was definitely happening.

1240 5th Ave, 2009 SF "Dream Home"

According to the DBI permit database the new owners are dropping an estimated $87,000 to:

(1) CONVERSION OF 2ND EXIT STAIR INTO STORAGE (PER CODE 1019.2) (2) CONVERSION OF 298 SF OF GARAGE INTO CONDITIONED ENTERTAINMENT ROOM (3) RELOCATE EXISTING CURB CUT & CREATE ON-SITE PARKING SPACE FOR REAR UNIT

Perhaps then it will finally be the dream they had hoped for? And I have to say (in true SF fashion, it is vitally important to have opinions about homes that aren’t yours) that I’m not thrilled about the new curb cut and loss of yard for the new on-site parking space. The yard wasn’t much (it was some sod that was promptly left to die), but it was more than a concrete pad…

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