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$2,000,000 Under Asking In Pacific Heights…Actually $1,925,000 But Who’s Counting

If that $200,000 underbid from a few weeks ago seems like a good deal to you, have a look at this seven bedroom Pacific Heights Single Family home at 2660 Scott (you must click that link…the pictures are amazing), which was listed in September at $15,000,000 and closed last week at $13,075,000. Almost $2,000,000 under asking.
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Considering the home only last sold in 2004 for just shy of $6,000,000 I’d say the sellers are pretty thrilled (keeping in mind we don’t know how much they sunk into it, of course). IMHO the home was worth every penny of $15,000,000, so the buyers should be thrilled too. It’s a trophy home, and I’m totally jealous, as should be all of you.
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As for the rest of our weekly underbids. Here you go…the top 10 Underbids of the week.

Address BR/BA/Units List Price Sold Price Underbid
2660 Scott Street 7/7/6 $15,000,000 $13,075,000 -12.83 %
814-816 Cole 2-4 Units $1,990,000 $1,775,000 -10.80 %
1374 Union Street 3/3.5/2 $3,350,000 $3,000,000 -10.45 %
184 London Street 3/1/0 $574,000 $520,000 -9.41 %
365 Magellan Avenue 5/3.5/2 $2,520,000 $2,350,000 -6.75 %
601 Van Ness Avenue 2/2/1 $879,000 $825,000 -6.14 %
595 Waller Street 3/2/0 $1,300,000 $1,225,000 -5.77 %
2445 Polk Street 2/2/1 $1,450,000 $1,371,150 -5.44 %
3515 Washington Street 2/2/2 $3,995,000 $3,800,000 -4.88 %
580 Prentiss Street 2/1/1 $998,000 $950,000 -4.81 %

As always, I share all of this wonderful data with you in real time on several sources:
1. The Goods
2. sfnewsletter (sign up at sfnewsletter.com)
3. theFrontSteps.com

Get this stuff bookmarked, sign up to receive via email, follow me on Facebook, Twitter @theFrontSteps, LinkedIn. Do what you gotta do to get yourself educated on our market.

And have a great day.

2660 Scott, Property Detail Page

Frank Lloyd Wright Usonian Home In Forest Hill (One San Marcos)

We were fans at Usonian, but if you must…the whip cream on top:

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Polished concrete floors; radiant heating; chef’s kitchen; custom walnut cabinetry; multiroom sound system; remodeled bath with handcrafted Heath tile; Sub-Zero refrigerator with glass front; Viking convection oven; Miele range; 2,344 sqare feet all on one level; two car side-by-side garage.

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Some history on Usonian, and what you need to know from Wikipedia:

‘Usonian’ is a term usually referring to a group of approximately fifty middle-income family homes designed by Frank Lloyd Wright beginning in 1936 with the Jacobs House.[2] The “Usonian Homes” were typically small, single-story dwellings without a garage or much storage, L-shaped to fit around a garden terrace on odd (and cheap) lots, and environmentally conscious with native materials, flat roofs and large cantilevered overhangs for passive solar heating and natural cooling, natural lighting with clerestory windows, and radiant-floor heating. A strong visual connection between the interior and exterior spaces is an important characteristic of all Usonian homes. The word carport was coined by Wright to describe an overhang for a vehicle to park under. Variants of the Jacobs House design are still in existence today and do not look overly dated. The Usonian design is considered among the aesthetic origins of the popular “ranch” tract home popular in the American west of the 1950s

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Let’s not forget the price and link to more Usonian property picture porn: One San Marcos, $1,590,000.

We look forward to your first fireside chat (we promise to wear our best mid-century ski sweater, and mix some tasty margaritas!)

OneSanMarcos.com [property website]