Friday means it’s time for the High & the Low, a Curbed SF column chronicling the most and least expensive homes sold in San Francisco in the last seven days. So who scored what this week, and for how much (or little) did they get it?
Dollar for dollar, the clear high mark this week was the $24.5 million sale of 655 Powell, a classic 1923 building on Nob Hill that netted $2.5 million over asking after just about three months on the market.
But 655 Powell is the sale of an entire, 48-unit apartment building, rather than an individual home, so we’re going to disqualify it on a technicality, despite its historic value.
In terms of one buyer for one home, the week’s biggest receipt was 2755 Fillmore, a four bed, five bath, 5,000-plus square foot home in Pacific Heights (of course). It took less than four weeks for the circa 1986 to go for exactly its asking price, $13.25 million.
Which is rather a contrast from its last sale. The then-recently (2010) renovated home listed for $12.5 million in 2013, but almost instantly knocked more than $1.5 million off the price.
In the end, it went for even less, commanding a very specific $9,999,998 at the final sale. It’s, ahem, just possible that the owner at the time may have tipped his/her hand as a motivated seller.
And the week’s cheapest home registers at less than one twenty-sixth of that price, a two-bed, 860-foot-condo at 400 Alemany Boulevard that sold for precisely half a million dollars.
That’s remarkably little for Bernal Heights, where condos usually command the price of full homes in other neighborhoods. And in fact, this is $50,000 less than it listed for just four days ago.
The unit is neither particularly old, particularly small, nor particularly in need of work. Further, it’s not at all unattractive (though the facade is admittedly—well, there’s barely a facade).
The buyer put in a bid for the unit right next door, according to Sean Komarmy of Vanguard Properties. When that slightly better place sold for $550,000 to someone else, the same bidder obviously wasn’t going to accept the lesser sibling without a price cut.
That, combined with the fact that it’s at the very southern end of Bernal Heights, right next to the freeway and far away from the park, makes it the city’s low ball deal of the week.