San Francisco’s crazy housing market just reached a new level.
A 6,350-square-foot home listed at $US7.99 million sold for $US9.6 million after spending a short nine days on the market. At 20 per cent over asking price, it’s the city’s “highest overbid” so far this year, according to a spokesperson for the real estate firm that sold it.
But the transaction will likely be eclipsed by larger ones in the near future. With the amount of affordable housing increasingly dwindling, home listings selling over the asking price, as well as other anomalies like condemned homes selling for $US1 million a pop, is the norm around here now.
This particular listing is for a single-family house at 2219 Scott St., 15 minutes from the Golden Gate Bridge in San Francisco’s ritzy Pacific Heights neighbourhood with the area’s inviting Alta Plaza Park just yards away from the front steps.
Take a look inside.
The beige three-story Grand Victorian home was built sometime in the late 1800s, before the cataclysmic San Francisco earthquake.
The abode sports five bedrooms and five and a half baths, as well as a wine cellar, two laundry rooms, two family rooms and space to park three cars.
Its ceilings are carved into coffers and large windows throughout the main level afford views of the greenery that surrounds the property.
A clean white colour palette lends an airy vibe to the home.
The crisp white seeps into the kitchen as well, where granite counter tops and a breakfast nook can be found.
A pair of doors leads to a deck off of the main level, where guests and occupants can meander into an enclosed garden area.
The backyard of the property mirrors the lush, green open space of Alta Plaza Park that spans out from its front stoop.
The park sits smack dab in the middle of Pacific Heights where the median real estate value is $US2,750,000, which is a whopping $US6,850,000 below what the home’s new owners paid in the city’s highest overbid so far this year.
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