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Zynga Founder Mark Pincus Sells His Cole Valley Home

We first told you about Zynga founder Mark Pincus listing not one but two of his San Francisco abodes back in mid-December of last year. Both properties are prime pieces of San Francisco real estate, so its no surprise that rumors were swirling as to why Mr. Pincus and his One Kings Lane founder wife would list both homes at once. Some thought the influx of Zynga cash had the family seeking out a bigger and better manse, others suspected it had something to do with Vera Svenchina, a "stripper turned filmmaker turned nuisance against whom Pincus filed a restraining order" in 2010. Listed in September for $2,189,000, 1572 Shrader in Cole Valley is the smaller and less expensive abode that the Pincus clan owns. The property received no offers, so its price was reduced to $1,970,000 a month later. It's a 3-bed, 3-bath, 3-level home that Pincus purchased back in 2005 for a mind-numbing $2,850,000. Shoot forward to today and the home's been sold for $1,890,000, a $960,000 loss.
· 1572 Shrader [Redfin]
· $880,000 Loss For Zynga Founder Mark Pincus [Curbed SF]
· Zynga Founder Mark Pincus Lists Not One But Two SF Abodes [Curbed SF]