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The classic but occasionally troubled Victorian mansion at 1409 Sutter Street originally built by Theodore Payne in 1881 is still looking for a new buyer after three years, asking $12 million earlier in 2017 but now listed for no particular price at all.
The Sutter Street house, a registered landmark designed by Irish architect William Curlett, is “a dignified combination of earlier Victorian styles” and “one of the few examples of virtually unchanged pre-fire homes of San Francisco's wealthier class, [...] a reminder of an adolescent city built of wood by California gold and Comstock silver” writes Noe Hill.
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Payne made his fortune through his Payne Bolt Works factory. He and his wife, Comstock Lode heiress Mary Pauline O'Brien (the niece of a silver baron), built 1409 Sutter a year after marrying and post-1906 forsook the city for an even larger and more elaborate Curlett-designed home on the peninsula.
Since then the Payne Mansion has been a restaurant, offices, and at one point a YMCA of all things. Back in 2014 the present owners turned it into a 13-room residential hotel, but even then the San Francisco Business Times reports they were trying to sell it.
In those days the price was $13.9 million. By last March the asking had cooled a bit to $12 million. The most recent ads by JLL no longer lists any specific price and notes that “investors should base their offer on the ‘As Is, Where Is’ conditions of the property.”
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- 1409 Sutter [JLL]
- Payne Mansion [Noe Hill]
- Payne-Douglass Mansion [Heritage]
- Payne Mansion Still For Sale [Business Times]
- 1409 Sutter, $12 million [The Goods]
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