Friday is time for the High & the Low, a Curbed column chronicling the most and least expensive homes sold in San Francisco in the last seven days. Here’s this week’s pageant of extremes.
In August, Curbed SF looked at the most expensive publicly listed homes in the city and asked who out there has money to burn.
Turns out the answer was at least one person, because one of those homes became the biggest fish netted in San Francisco’s housing market this week.
At the time, Cow Hollow’s 2528 Union was the tenth most expensive listing in the city, asking $12.5 million for a four-bed, three-and-a-half-bath piece of new construction advertised as “reminiscent of a London townhouse.”
Mind you, the home that previously stood on this spot was no slouch itself, netting $4.3 million in 2013, a cool million dollars over the asking price for a home that was already quite a looker, as the still-standing sale site testifies.
But in a quest for a more perfect union, those buyers—one of them founder of the San Francisco-based luxury building firm the Toboni group—did their thing and renovated it into a brand new and even more luxurious home.
This week’s $12 million sale is half a million below asking but still a pretty penny—or rather, many millions of pretty pennies—beyond the previous price. Incidentally, the realtor on that sale, Mary Toboni, is also one of the sellers. Something of a coup all around for the Toboni household this week.
And it appears the market moved to make this week’s contrast between high and low as stark as possible in as many ways as possible.
Whereas the Union Street house was so big it had a whopping three living rooms, the most economical sale of the last seven days is a studio at 73 Waller.
But it’s a studio full of pure class. Unlike the ritzy new construction in Cow Hollow, this Hayes Valley home fills out a circa-1895 Victorian, complete with fetching pink exterior.
And whereas the other home spent the entire summer searching for an eight-figure buyer (listing back in May), this one got snatched up almost immediately, selling after just barely more than a week.
It also managed to beat its asking price, turning up $635,000 after listing for $628,000. And as for which of the two is the prettier? That’s in the eye of the beholder, although the smaller Waller affair looks like it can probably punch well above its weight class.