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Pricey Presidio Heights Abode Slashes Half a Mil Off its Price

This 3-level, 5-bedroom house at 3962 Clay Street has only been on the market for a few weeks but has already slashed its initial $5.495 million ask by $520k. With almost 4,000 square feet of living space, the new price of $4.975 million still keeps the home well over the $1,000 per square mark. The house last sold back in 2008 for $3.15 million as a three-unit building that included a main residence as well as two garden apartments with private entrances. It has since undergone renovations to become a single-family residence. There's a white marble bath, a new rec room and a walk-out deck, but the kitchen appears to be a bit small and there is parking for only one car in the garage. · 3962 Clay Street [Redfin]