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A Very Famous Painted Lady Can't Seem to Find a Buyer

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You'd think an architectural wonder like one of the very famous Painted Ladies across from Alamo Square Park would sell the instant it hit the market, but the exact opposite is happening for 722 Steiner Street. The 5-bed, 4.5-bath, 4,692-square-foot mansion first appeared on the market in 2010 when it was listed for just a dollar under $4M. After a few months and no offers, it reduced its price to $3.799M, and then was finally taken off the market without a sale. But this home's not a quitter, so it came back onto the market in March of this year asking $4M. With the current residential real estate scene being absolutely bonkers right now, you'd think you'd be safe to assume that this house would get swooped up real quick this time around. Wrong. It just reduced its price by $500,000, bringing down its price tag to $3.5M. The home was built in 1892 by Matthew Kavanagh, the same guy who built the rest of the block. Though recently lived in as a rental, the home's packed with original details. We're talking grand staircases (yes, plural), fireplaces and crown mouldings. That said, it has modern amenities like an updated kitchen. There's also a one-bedroom apartment on the lower level that overlooks the garden.
· House That Bookends Postcard Row, 722 Steiner, Selling Under $4M [Curbed SF]
· Painted Ladies' Corner Sister Hits the Market (Again) [Curbed SF]
· 722 Steiner Street [lynnea key realty]