In a market often defined by intense competition and prices soaring over asking, it’s worth paying attention when a property sells for a considerable amount under its initial price. That’s precisely what happened with the recently closed triplex at 1910 Baker St., located where Pacific Heights meets Presidio Heights.

The property first came on the market with an asking price of $5,995,000. After some time, the price was adjusted down to $5,499,000. It ultimately sold for $4,940,000.

When you compare the final sale price to the original asking price, the difference is substantial. The property closed for $1,055,000 less than what was first asked, a drop of more than 17%. Even from its revised price, it sold for $559,000 under.

The building itself is a newly renovated residence behind a classic Victorian facade. It includes a main three-bedroom, 3.5-bathroom unit and two additional one-bedroom units on the lower level. Complete with a roof deck, a landscaped garden, and a one-car garage, it’s the kind of property that has a lot to offer.

After 51 days on the market, the timeline and the significant price adjustments suggest the sellers were motivated to find a buyer. This sale is a good reminder that initial pricing is critical. While the Pacific Heights area commands high values, this deal shows that the market will provide its own feedback. For buyers, it demonstrates that patience can sometimes lead to an opportunity, even in the city’s most sought-after neighborhoods.

This sale is a great example of the subtleties in our market. Whether you’re a buyer looking for an opportunity or a seller aiming to price your property effectively from the start, understanding these dynamics is key.

If you’re thinking of buying or selling in San Francisco, get in touch. We know how to find opportunities and get deals done.

For more Underbid Sales in San Francisco, head to The Goods.