Just when you think you’ve seen it all, the San Francisco property scene serves up another reminder that for the right house, all bets are off. This time, the story comes from 4969 17th Street, a remodeled Edwardian in Ashbury Heights.

It hit the MLS asking $3,495,000. Fifteen days later, it closed for $4,285,000. That’s a $790,000 jump… 22.6% over asking, for those keeping score.

The ‘why’ isn’t complicated. It was the complete package: a classic home, fully updated, in a prime spot near Cole Valley. With so few single-family houses for sale, a property where the new owner can just move in without calling a contractor was guaranteed to draw a crowd.

This is another flare sent up from the high end of the market. For the best properties, the list price is just a suggestion. And this party was a banger.

For more overbid sales in San Francisco, head to “The Goods“.

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