Manse on the Edge of the Presidio Slashes Price by $1.5M

Perhaps the sellers of the big mansion at 3756 Jackson Street heard that it's now a buyers' market for luxury properties in San Francisco. After a month on the market, they've slashed the price of the six-bedroom, seven-bathroom home from $11.5 million way down to $9.95 million, pulling it out of the eight-figure club. The house itself sits in a stunning location backing up to the Presidio, where homes with elegant rear facades face West Pacific between Cherry and Maple streets. It has retained touches of its past—it was built in 1925—while also undergoing modern upgrades in the kitchen and bathrooms.

When homes undergo big price chops, we often try to figure out what may be wrong with them. This house has elegant bones, leafy Presidio views, and outdoor space. However, when we first took a peek inside its doors last month, commenters struggled with all of the beige and called the place bland. Many buyers at this level prefer a blank canvas and want to put their own mark on a home, so the many shades of neutral don't seem like a total dealbreaker, even if they're not exactly exciting. Any guesses on whether the home's many features, which include an elevator, an exercise room, and several fireplaces, will draw buyers in at the new price?

· Art Nouveau Mansion Lives Large on the Edge of the Presidio [Curbed SF]
· 3756 Jackson Street [Redfin]
· 3756 Jackson Street [Official Site]