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Presidio Heights Fixer Snags $3,450,000 Over Asking, Closes For $10,350,000

Presidio Heights Fixer Snags $3,450,000 Over Asking, Closes For $10,350,000

Today’s Maximum Overbid of the Week comes as no surprise, in fact, I’m surprised it didn’t sell for more.


Situated on the wall of the Presidio, 3515 Pacific Avenue is the gem of all gems, something that will hold value for generations, and affords this buyer the opportunity to make it their own: wide lot, excellent bones, premiere location, views, indoor/outdoor flow, and only a $6,900,000 offering price that quickly ballooned to a $10,350,000 sales price (cash, of course) – don’t worry, I’ll do that math for you…$3,450,000 over list, and $1814 per square foot.
It’s a bargain, and when you have $10M cash, who really gives a sh*t. I would have paid double that for this house, because I would never sell it. Congratulations to the buyers, and kudos to the sellers.
As for the runners up…
Top 10 Overbids Of the Week

Address BR/BA/Units DOM List Price Sold Price Overbid
3515 Pacific Avenue 6/6.50/N/A 13 $6,900,000 $10,350,000 50.00%
622 Edna Street 2/1.00/N/A 14 $859,000 $1,200,000 39.70%
2478 30th Avenue 3/1.00/N/A 23 $899,000 $1,250,000 39.04%
38 Everglade Drive 4/2.00/N/A 14 $1,088,000 $1,500,000 37.87%
1088 Ashbury Street 3/2.50/N/A 12 $1,795,000 $2,450,000 36.49%
1751 42nd Avenue 2/1.00/N/A 13 $849,000 $1,150,000 35.45%
265 Oak Street N/A/N/A/5 12 $1,495,000 $2,000,000 33.78%
1716 14th Avenue 3/2.50/N/A 13 $995,000 $1,325,000 33.17%
83 Wawona Street 3/2.00/N/A 5 $1,695,000 $2,250,000 32.74%
3952 19th Street 2/1.00/N/A 13 $1,895,000 $2,513,000 32.61%

And if you’re not in the market for a $10M fixer, that’s okay. I have a really awesome house that just hit the market today at 849 44th Ave ($1,049,000), and it’ll be open Saturday and Sunday 1-4pm. So come check it out once you land back on Earth after dreaming about what you’d do to 3515 Pacific Avenue if you were the lucky buyer.
Happy Friday!
More Overbids, Underbids, and Recent Sales @ The Goods [theGoods-sf.com]


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alexclark

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