1 quick reduction ($105,000 91 days ago); 3 car garage (and fireplaces); 4 bedrooms/full bathrooms; 11 foot ceilings; 33 foot long THX home theater; 96 days on the market; 6,500 square feet; 1,567,058 (dollars) tax assessed value; 6,995,000 (dollars) asking.
∙ Listing: 3400 Clay Street (4/5) – $6,995,000 [MLS]
Google millionaires? Stock dropped about 20%.
Tech executives? Apple is down 12% in one day.
Rich foreigners? Their stocks have dropped about 15% in a few days.
Wall street bonuses for Haas MBAs? Don’t even go there.
It’s getting harder and harder to find a SF real estate “savior” here.
Maybe Martians?
Pretty house in an A+ location. Amazing.
While I agree with the macro sentiment, Wall Street bonuses were down only 4.7% last year (to an average of ~$180k). Given that 2006 bonuses were insane, a 5% cut means that 2007 bonuses were still mostly-insane.
Great Home – nice carpet.
Won’t those shingles turn an ugly brown. I know that is a look — but it’s not really one that I prefer.
I’ve been waiting for this house to have a reduction…. It kind of makes me sad looking at it. It could be a glorious Queen Anne, but the shingles are just heinous and the interior remodel is poor and outdated.
[Editor’s Note: We should have been more clear; the $105,000 reduction was 91 days ago and was likely more marketing (to get it under seven million) than an adjustment in expectations.]
Will this be reassessed upon the sale? Seems kind of crazy that the assessed value is just over a million.
The new tax will be 1.141% of the selling price.
Nice house other then the MTV cribs movie theater…did they run out of money before they could put in the pole too…
Shingles are all wrong. Another improper “restoration.”
thought this house was over priced.
Seriously – someone could have made a mini-version of 2724 Pacific (My personal favorite Queen Anne).
The long expected price reduction is here! They knocked off about 700k. It’s now $6,295,000. Honestly, that’s still not enough. 5.9 might be a possibility, but that’s pushing it.