Genteel Georgian Pac Heights mansion prunes price

Franklin Street staple snips asking to $7,495,000

By Brock Keeling@BrockKeeling Jan 18, 2018, 2:02pm PST

Hello again, gorgeous.

The stately Pacific Heights mansion at 1735 Franklin, landing on the market for $9.7 million in 2014, has gone through several price cuts over the years. It returns today with a newer, svelter asking price—$7,495,000.

The house comes with an ample 9,815 square feet, eight bedrooms, four and a half baths, a library, and six fireplaces. It’s been renovated gently over the years to feature a blend of period details (think wood-paneled walls and wainscoting) and contemporary touches.

It is, inarguably, a glorious home, a work that would fit in seamlessly along Billionaire’s Row or even Presidio Heights. The minor squabble is its location next to a busy city artery.

What’s more, it doesn’t come with the sweeping vistas typically seen from many a multimillion-dollar San Francisco home. Most of the circa-1904 property is bounded by taller buildings that have sprouted up around it over the last century.

On the plus side, while property taxes on a home like this would typically be astronomical, 1735 Franklin falls under the Mills Act, which offers reduced property tax rates to owners who use the savings to restore and maintain their historic properties.

But smart buyers should be able to look beyond the minimal drawbacks. This historic abode is one-of-a-kind place that deserves a special kind of owner who cherishes its well-worn appeal.