As the real estate market soared last year, it became practically normal to see homes selling for $1 million or more over their asking prices. The biggest over-asking sale of last year was the Joseph Esherick masterpiece in Presidio Heights, which brought in a solid $2 million over its $9.75 million ask. But now even that massive figure has been topped with the sale of 3475 Jackson Street. The four-bedroom Presidio Heights home listed for $3.995 million and sold for $6.175 million, 54 percent over its original ask. Is this $2.18 million over asking sale a new record for San Francisco?
The house went into contract after only twelve days on the market and officially sold just six days later. It is very, very nice and was probably underpriced at its original ask. The floor-to-ceiling arched windows in the main rooms bring in plenty of light, and there is a leafy backyard. The white carpeting in some rooms and the pink bathrooms feel a bit old fashioned and stuffy, but the maple and oak floors and marble fireplace are, of course, lovely. There is only parking for one car in the garage, which feels a bit light for a $6.175 million home, but we suppose the new buyers didn't mind.
· Joseph Esherick Modern Masterpiece Nabs $2M Over Asking [Curbed SF]
· 3475 Jackson Street [Redfin]