A recent transaction on Montclair Terrace caught our attention. The listing originally asked $12,500,000 before eventually closing at $9,900,000. That represents a significant price reduction. People tracking sales might appreciate the closing number here… a major shift from initial expectations. The property carries a recognized architectural background, having been designed in 1938 by Gardner Dailey.

Update: We originally reported this sale as a massive underbid, but there is more to the story. The initial $12,500,000 asking price actually included the adjacent lot. The listing was later split into two separate transactions before closing. The main residence at 65 Montclair Terrace closed for $9,900,000, and the neighboring lot at 47 Montclair Terrace closed for $3,100,000. The combined sale of both parcels brings the actual total to $13,000,000. We appreciate our readers for catching this detail and helping us keep the data accurate.

For more Underbid sales, head to The Goods.

Thinking of buying or selling? Contact us today to work with the only realtor in SF giving back to the planet with each transaction.

– 65 Montclair Ter, San Francisco, CA 94109 (The Goods)

Alexander Clark
theFrontSteps Real Estate
Top 1% SF Agents
Founder theFrontSteps
DRE# 01339386
@theFrontSteps
415-254-5351
[email protected]

“Alex is, simply put, the best real estate agent in San Francisco. In a span of a few years, Alex has helped us buy two homes, and sell another two. Most of those deals presented unusual, and daunting challenges–financing problems…” Continue Reading