As we reported with respect to the landmark Bourn Mansion (2550 Webster) via a plugged-in tipster a week ago:
“…[they] had to find a trustee for Chapter 11 so all previous bids were thrown out. Now the trustee has ratified an offer and an overbid schedule has been made, so now the overbid and sale approval will take place on December 22. Overbidders must have offers in by no later than December 17, 2009 at 4:00 pm and the first minimum overbid has to be $2,550,000 (the list price is $2,900,000).”
As a plugged-in source reports today:
The sale of the house was approved this morning. The motion to dismiss was denied.
UPDATE: The approved sale price: $2,790,000.
So that’s it. It’s done? Any more scoop on the buyer?
What was the approved sale price? Were there overbids?
That is wonderful! I hope the new owner brings the home back to its former glory.
Does that mean that Ms. Van Upp is gone, or is that horrid woman still haunting the place as a squatter?
I want to buff out all that roughness on the brick facade.
Personally, I’d tear the mother down and turn it into paving.
Preservation of classics is great, but reflexive preservation of brick outhouses like this denies the neighborhood of better architecture and the future cool designs from *this* age.
To answer my question, the final bidding was in 15k increments and the last bid was 2,790,000.
Gotta give credit to the listing realtor for nailing the price so closely on what could have ended up just about anywhere.
I think the realtor did a nice job handling what was probably one of the most difficult SFH sales in San Francisco this year. I would imagine Arden Van Upp does not make anything easy.
@ Troy
You are nuts! This is an epic home unparalleled in SF and probably CA. You will literally not find anything like this in SF.
History alone makes it worthwhile
Good luck to the new owner in many ways.
I’m looking forward to watching this property evolve. I hope it goes quickly.
No wonder she had to steal the Christmas wreath. Now it all makes perfect sense 🙂
Moreover, given the absurd level of crime now being captured on camera in Pac Heights, I think we all agree that it’s time to remove this dangerous enclave from the “Real SF”. As a result, this comp should be stricken from the record.
So, what are the over/under bets on how much the renovation is going to run?
you gotta read this story, it’s almost hilarious!:
[Removed by Editor]
[Editor’s Note: The SF Weekly story which is referenced above is featured (and discussed) in the following piece: Bourn To
RunParty: A San Francisco Mansion Of Ex-Glory And Dreams.]If you want to check out another foreclosed mansion, check out this 12,000 sqft 6/6.5 monstrosity on 8.57 acres in Portola Valley called “the Knole at Lauriston”:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/12/23/RES11B7S6P.DTL
Bank is selling for $7.895M, but the realtor claims it’s worth $11.832M apparently:
http://www.redfin.com/CA/Portola-Valley/5070-Alpine-Rd-94028/home/900932
It’s been listed off and on since 2005, but the latest listing has been live for 6 months. Not quite clear on when the bank took over — maybe late 2007/early 2008?
Anon E. Mouse, that foreclosed mansion story is an interesting one, thanks for the link. Why the previous owner remodelled this rather handsome looking french country/chateau structure to look like a 1990s suburban tract home is beyond me. They don’t have interior designers in Portola Valley?
So that’s it. It’s done? Any more scoop on the buyer?
protected tenant, amirite? 😉
Preservation of classics is great, but reflexive preservation
one wonders if you think anything is worth preserving. does “reflexive preservation” including “having a reason at all?” i mean, the psychologists and philosophers have been telling us for quite a while now that all thought is reflexive, so maybe you have some secret technique for sui generis conceptualization. do tell.
The MLS now reflects the $2,790,000 sale price (and a 1/21/10 closing) we reported last month.