The Mission and environs are at the center of many of San Francisco's conversations about rising housing prices and gentrification. This week, another sign of these times and trends appeared as a five-bedroom house on Cumberland Street, less than a block from Dolores Park, sold for a whopping $4.995 million. Is this a new record for Mission Dolores? It's certainly a huge price. Back in 2010, when the property last sold for $3.15 million, it had just emerged from an extensive renovation and sold quickly—but not as quickly as this time around, when it was on the market for all of eight days before going into contract.
The house covers three stories and 3,863 square feet, putting the sale price at $1,294 per square. It's a fairly simple Marina-style home overall, although the finishes are high end and the kitchen opens up onto an outdoor dining area and backyard. There's a two-car garage downstairs, two family rooms, and Lutron programmable lighting throughout. Worth $5 million?
· As 'Gentrification' Turns 50, Tracing Its Nebulous History [Curbed National]
· 41 Cumberland Street [Redfin]