Where would so many San Franciscans be if not for the Excelsior? Well, not in San Francisco, for starters. In a city where the average house sells for well over $1 million today, it’s one of a handful of neighborhoods where six-digit sales still exist.
Take the case of 275 London. Yes, it’s pushing the line by asking $995,000. By Excelsior standards, this three-bed, two-bath Edwardian (circa 1912) is hitting well above its weight class.
But where else in the city can one hope to get a single family home with such distinct old San Francisco character for less than a million dollars? The facade’s expanse of fish-scale shingles alone would pull in at least seven figures in almost any other neighborhood.
The frustrating part, however, is that the low asking is meant to spark a bidding war.
Realtor David Pennebaker pushes the “traditional floorplan” and “original moldings and wainscoting” on this one. The giant hand-shaped chair is probably not included with the asking price; tough break, whimsy aficionados.
Looking back into more than 30 years worth of building permits for the site, the only major work done over the years has been a series of significant repairs; no remodels, renovations, or redoes on the books.
The last time this Excelsior home came to market was in 2008, when it sold for $700,000, worth more than $866,000 today.