Want to pay below asking price? Then buy in this market! Ha! Anyway, it was leaked that Mayor Gavin Newsom's new home at 1581 Masonic was recorded at the contract price of $2,738,000 with the assesor's office. The original asking price was $3,300,000, and then pricechopped to $2,980,000 before Gavvy Boy plunked down the cash to purchase the big pile of stucco. However, he paid $242,000 less than the final asking price. Perhaps the foundation had a problem or the roof needed re-roofing or wait, hold on: he's the f***ing Mayor. [SocketSite]
Filed under: