masterkey logo
2118 47th Ave
San Francisco, CA

2118 47th Ave

$1,295,000
3 bd • 2 ba • 1,997 sf

This analysis was generated by artificial intelligence 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The property's age (built 1939) suggests potential for hidden maintenance issues and outdated systems.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?

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

Price Prediction Challenge

Think you know what 2118 47th Ave will sell for? Put your market expertise to the test!

1 market expert predicted

Join 1 market expert in predicting this property's future. Closest prediction wins Market Expert status + 1 month Premium access!

$1,195,000
7.7% below list

Average prediction

75%
High confidence

Community consensus

1
Market experts

Total predictions

Recent Predictions

GC
Giulio C.

Seems overpriced for the area given its associated costs

1/20/2025
$1,195,000
75% confidence
Try Premium Free for 7 Days

Take Control of Your Home Buying Journey

Your all-in-one platform to organize, analyze, and streamline every step of your home search. Make confident decisions with unlimited AI insights and premium tools.

Unlimited AI Analysis

Analyze any property's true potential (Free: 3 analyses)

Premium Tools

Document management, property tracking & more

Save 20% with quarterly billing
$63/mo
Billed quarterly at $189

Risk Assessment

Climate Risks

airSEVERE

12 bad air quality days per year

heatMINOR

9 extreme heat days per year

98th percentile: 74°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The severe air quality risk (7/10) may necessitate future investments in air purification systems and could impact resale value. Given the home's age (86 years), major systems (plumbing, electrical, roof) may need replacement in the near future, potentially costing $50,000+. The proximity to the ocean increases the risk of salt air corrosion, potentially leading to higher maintenance costs for exterior elements. Market analysis shows a potential slowdown in San Francisco's real estate appreciation rates, which could impact future value gains. The high cost of ownership may limit resale options in the event of a market downturn.
Insurance
Annual Cost

$4,662

$389 per month

Financials

Monthly Costs
Market Rent (3 bed)

$3,950

Price History

Property Taxes

$14,596
2024 Tax Assessment
1.6%from previous year
Assessed Value$1,185,629
Tax Rate1.23%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,617,300

24.9% above list price

Median Price

$1,680,000

Based on 6 recent sales

Price per Sq.Ft

$897

Comparable Properties

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 comment
You
GC
Giulio C.1/21/2025

I wonder why the price per sqft is so much cheaper than the comps... Seems a bit suspicious?

Potential Savings

$38,850

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results

Recently Analyzed Properties

5785 Dawley Drive
Fitchburg, WI
$610,000

5785 Dawley Drive

3
2
2,056
552 Pennsy Aly
Mableton, GA
$418,050

552 Pennsy Aly

3
3
1,962
517 Coral St
Marietta, GA
$429,000

517 Coral St

3
3
2,055
View All Properties