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City's most expensive home has added millions to price after eight years unsold

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1905 Italianate villa still looking for love

The enormous Italianate mansion at 2820 Scott Street is once again on the market, and once again San Francisco’s most expensive publicly listed home. That’s hardly surprising; the seven bed, nine-plus bath 1904 mansion has danced this dance many times before.

Exactly how long has this beautiful but perpetually tenantless home sought a new buyer? The first time it listed in its present form, Barack Obama and John McCain had just wrapped up their series of presidential debates.

It’s been so long, in fact, that this home has actually raised its price a few times over the years, seemingly to keep up with the market.

It’s easy to lose track of just how long this one has been around, since it pops in and out of sight fairly routinely. That was the case this month, when it delisted just in time for its spiritual sibling of sorts on Vallejo Street to briefly be the city’s most expensive home again for about a week.

2820 Scott first popped up briefly in 2008 for $27.5 million, the same year it was the site of the Decorator Showcase. When nobody went for it, the house laid low for a few years, then reemerged in 2013 asking $24.8 million. It came in again this year at $28.5 million, where it sits still.

Yes, the net effect is that this house has been adding millions of dollars to it price the longer it goes unsold.

Given everything that’s happened to San Francisco’s home market since 2008, that’s perhaps not as unreasonable as it would normally sound. They did try auctioning it starting at $20 million earlier this year, apparently to no avail.

The last time someone actually bought this place was 2005, for $6.75 million. But that was before the round of restorations that gussied it up to its present state.

It’s not surprising, of course, that a place like this would linger. It’s an awfully big commitment, after all. Fortunately, it seems like this seller is most decidedly the patient type.