$580,000
SOLD FEB 23, 2021
0.11 Acre
$5,052,265 Price per Acre
5,000 Sq Ft Lot

Recently Sold

$116 Per Sq Ft

16% Above List Price

6 Days on Market

About This Lot

As of February 2021

Rare opportunity for contractors/builders/investors to split and develop large 5,000 sq. ft. lot into two 25'x 100' RH-1 parcels & build 2 side-by-side SFH in prime redevelopment area of sunny Bayview neighborhood of SF. (Lot can be split per Senior Planner from Zoning & Compliance Division of SF Planning). Lot is located in Federal Opportunity Zone created under Tax Cuts and Jobs Act with potential for significant tax benefits. Developing Bayview area is one of city's most vital, most diverse, and most historically important neighborhoods where new single-family homes are in demand. It's located within walking distance to Muni-Metro's T Line connected with CalTrain and BART, Third street commercial corridor, with easy access to 101 and 280 freeways. Buyers are advised to conduct their own due diligence and investigation to verify development potential prior to writing offers. Renderings are for advertising purposes only. Property lines on pictures are approximations only.

Last Agent to Sell the Property

Rimma Ludovico

Rimma Realty License #01247900 Listed on: 01/27/2021

Last Buyer's Agent

Rimma Ludovico

Rimma Realty License #01247900 Listed on: 01/27/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,957

Additional Features

  • 5,000 Sq Ft Lot
  • Electricity Not Available

Listing and Financial Details

  • Assessor Parcel Number 5278020A

Property Details

Property Type

Land

Est. Annual Taxes

$7,957

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Lot
  • Other Equipment: None
  • Special Features: None

Exterior Features

  • Road Frontage Type: City Street

Utilities

  • Electric: Electric Not Available
  • Sewer: None
  • Utilities: None
  • Water Source: None

Lot Info

  • Assessor Parcel Number: 5278020A
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000.00
  • Lot Size Units: SqFt
  • Price Per Acre: 5052264.81
  • Special Zones: Redevelopment Area
  • Zoning Description: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2021
Closed on
Feb 18, 2021
Sold by
Pickerrell Nina Lynette and The Nina Lynette Pickerrell Tr
Bought by
Huang Eric and Shen Chiehying
Seller's Agent
Rimma Ludovico
Rimma Realty
Buyer's Agent
Rimma Ludovico
Rimma Realty
List Price
$499,000
Sold Price
$580,000
Premium/Discount to List
$81,000
16.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%
Original Mortgage
$300,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 2018
Sold by
Pickerrell Nina Lynette
Bought by
Pickerrell Nina Lynette and Nina Lynette Pickerrell Trust

Purchase Details

Closed on
Jun 3, 2004
Sold by
Pickerrell Ted W
Bought by
Pickerrell Nina L

Purchase Details

Closed on
Jan 15, 2003
Sold by
Pickerrell George R
Bought by
Pickerrell Nina L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $580,000 First American Title Company
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer $38,500 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Closed $300,000 New Conventional
Closed $300,000 New Conventional
Closed $300,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Sale $340,000 -5.7% --
07/29/2025 07/29/25 For Sale $360,600 -37.8% --
02/23/2021 02/23/21 Sold $580,000 +16.2% $116 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $499,000 -- $100 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,957 $627,810 $627,810 --
2024 $7,957 $615,500 $615,500 --
2023 $7,872 $603,432 $603,432 $0
2022 $7,712 $591,600 $591,600 $0
2021 $3,752 $256,959 $256,959 $0
2020 $3,788 $254,325 $254,325 $0
2019 $3,663 $249,340 $249,340 $0
2018 $3,541 $244,374 $244,374 $0
2017 $3,201 $239,584 $239,584 $0
2016 $3,122 $234,888 $234,888 $0
2015 $3,046 $231,362 $231,362 $0
2014 $2,743 $226,832 $226,832 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 514551

San Francisco Association of REALTORS® MLS

APN: 5278-020A