San Francisco house sells for $15m, nearly double its asking price

Summarised from 2 outlets · Updated 8 Oct, 22:25 · Archive

A San Francisco home listed at around $8 million sold for $15 million in October, reflecting inflated property values in the city.

A San Francisco home at 2 Sixth Avenue sold for $15 million on 7 October, approximately $7 million more than its asking price of $7.999 million. The 1914-built property received nine strong offers after listing in late September, according to listing agent Maureen Terris of Compass. The sale represents an 87.5 per cent premium over the asking price.

The four-bedroom house spans 4,490 square feet and sits on a 9,233 square-foot parcel, an unusually large lot for San Francisco. The property features original architectural elements from 1914, including redwood trim, a coffered ceiling in the dining room, working fireplaces, a library overlooking the Presidio and its golf course, and a Wolf range in the kitchen. The home is fully detached and set back from the street, bordered by front and back gardens that extend to Presidio National Park.

Terris described it as a 'once-in-a-generation' property that the market responded to strongly. The sale reflects San Francisco's status as one of the most expensive housing markets in the United States. According to the outlets, the influx of artificial intelligence industry money has intensified demand and driven prices higher, with buyers commonly paying over a million dollars above listing prices.

How it is being reported

• A San Francisco home listed for $7.9M just sold for a whopping $15M'We received 9 strong offers,' the listing agent told The Post.New York Post · 8 Oct, 22:15
• San Francisco house sells for double its list price as AI money floods the cityReal estate insiders said it’s become more common in San Francisco to see buyers pay $1 million over a list priceIndependent World · 8 Oct, 19:15

In this story: San Francisco · Maureen Terris · Compass · Presidio National Park

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