A Cole Valley Firehouse's Asking Price has Extinguished $1M

The last time we visited the townhouse located in a former Cole Valley fire station, it was via Million Dollar Listing, and agent Justin Fichelson was marketing it with a party featuring scantily dressed "firefighters" as servers. When it went on the market initially, it was listed at $3 million. When the program aired back in August, that figure was dropped to $2.995 million. Today, the price is slashed to $1.995 in the hopes of lighting a fire under would-be buyers. On MDL, potential owners complained about an "odd layout" and the fact that the multi-level home does not have an elevator. Clearly, the owner is hoping to extinguish those complaints with a dramatic price drop.

The townhouse has been remodeled by interior designer Leslie Bahr, the current owner. The four-bedroom, five-and-a-half bath home is modern, but it features some cool original features like metal-clad doors, winding metal stairs, and the brass fire pole. When a remodeled firehouse goes on the market, it often sets off bidding alarm bells for buyers. We'll see what happens here with the new price.

· 10 Carmel St. [Redfin]
· Condo at Former Engine 40 Isn't a Firehouse, It's a Firehome [Curbed SF]
· There Was Actual Real Estate Porn On This Week's 'Million Dollar Listing' SF [Curbed SF]

· Million Dollar Listing Coverage [Curbed SF]