It’s not every day you see a prime Noe Valley corner property trade for $250,000 under asking… but here we are.

This home at 1485 Noe Street has officially closed, and the final numbers tell a bit of a story about the current market climate. Listed back in September for $4,500,000, this one took its time finding the right match. It sat on the market for 129 days… which, in San Francisco real estate time, can feel like an eternity.

But patience has its virtues, especially for the buyer. The property just closed at $4,250,000, securing a cool $250K discount off the list price.

While the price adjustment is the headline here, you can’t ignore what was actually purchased. This is nearly 4,000 square feet of ground-up new construction. It’s a massive, modern footprint for the neighborhood, completely reimagined in 2019 to maximize every inch of that corner lot. Getting that kind of square footage and modern finish level at a discount? That’s a win.

For more Underbid sales, head to The Goods.

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