Over the past four years 1089 Chestnut has been listed for sale five times with prices ranging from $9,250,000 in 2007 to $7,980,000 last year. Today, the 5,740 square foot home returned to the MLS with a $6,000,000 price tag but without its “sensational modernistic Neo-Classical” tag and less a previously listed seventh bedroom.
Now, it’s simply a six-bedroom “spectacular…architectural masterpiece” on tour as new and with “one” day on the market in the eyes and reports of aggregate industry statistics.
And while it’s far from fifteen (or sixteen), might anyone feel a weekend poem coming on?
∙ Listing: 1089 Chestnut (6/7) 5,740 sqft – $6,000,000 [MLS]
∙ A Sensational Modernistic Neo-Classical Six Days On The Market [SocketSite]
∙ Sometimes It’s Simply The Description (1089 Chestnut) [SocketSite]
∙ Would You Believe Fifteen For 830 El Camino Del Mar (And Not Million) [SocketSite]
∙ Like The Swallows To Capistrano, 830 El Camino Del Mar Returns [SocketSite]
Soul not included. But does come with cheap floors and even cheaper carpeting. What happened to the seventh bedroom? Massage parlour?
Just the other day I was wondering about this place.
A wildly unrealistic asking price from the bubble peak following the market down 30% doesn’t make it any less wildly unrealistic, does it?
Just okay. This might sell for $4 million, but it would not interest me even if I had that sort of money.
Seems like the kind of place you’d film a TV show.
Dubai / Cleveland mix
Ex Middle Eastern despot
Could feel at home here
The listing pictures tell the story. Is that a hunk of driftwood on the dining table? Might lure a rich surfer or perhaps a hippie whose just won the lottery? And I’m confused…. does it come with a cable car?
I hate how it presents a blank white wall to the street. What an awful pedestrian experience.
A very pretty house, I’d say the top 1% in SF.
How could someone have had such bad taste, used such crappy materials, and butchered a nice location into this one big piece of crap
I am confused. What is a huge sub zero doing facing into the family room? (see image 22) That might be one of the strangest things I have ever seen done to a house on Socketsite.
I live near this house. It was a monstrosity when it was built and it’s still a monstrosity. The front door is very odd and out of proportion.
Well, the whole thing is just wrong. Could someone renovate this? It’s has such a great location.
I toured this house back when it was $9M and it was more than clear that they were way way way above market on the pricing. It has a lot of potential and a lot of easy fixes but it will take some time and money. I do think this lot could hold a $9M home. This just isn’t it. $5.5 is my prediction but that’s just a guess.
Vanguard needs to stick to new construction and TIC conversions. The IKEA showroom look is what they did (and honestly, I don’t mean that in a negative way). But as a brokerage, they seem utterly incapable of displaying property in any other light – and this is a prime example.
What is a huge sub zero doing facing into the family room?
Hard to tell since the pix seem to be deliberately confusing, but I have to think it’s a wine fridge or something similar.
All windows should be replaced to minimize grid pattern and open up views. Home should be repainted as well, probably a mix of warm grey tones. Anything Dubai/Cleveland inside should be tossed as well. That’s my free advice for the day.
What is Dubai/Cleveland?
What is Dubai/Cleveland?
It’s a suburb of Purgatory.
That was helpful.
LOL…Vanguard trying to sell a mega-house in RH? Uh…
Vanguard should stick to what they know–$349,000 TICs in the Mission.
I have an impression that 90% of the comments here are made by people who have never lived in a house with some flair, with space to do some fun things, and lived outside of a rental of $600 a/month with carpets that stink where the landlord has given up on cleaning the place.
1089 is gorgeous inside, incredible flow of rooms, and about the only time real architecture is happening in any of the horrible houses here that have idiotic faux-Edwardian/Victorian garbage lay-outs one cant live in with a family that actually wants to be around each other.
this is such a dream house, and sorry big doesnt mean monstrosity, the jealousy on this site is so thick and pathetic.
Luke, Luke, Luke…. It is always easier to dismiss criticism you don’t agree with by telling yourself that the critics are just jealous. It also seems common for some to assume that because a commentator here is not financially able to actually purchase a property that somehow their opinion has no validity.
I’m sure that you really do love this home (are you the owner, friend of owner or listing agent?). But now that you are selling, please remember that you are engaged in a business transaction. You should be ruthlessly objective, and to that end the comments here on SS should be valued.
Since a poster’s background seems to matter to you, let me just say that I am a homeowner of a house similar in size to this one (though I don’t have a giant subzero in my family room). I have a family that enjoys being around each other. I also could afford a purchase at this price. But I have to agree with most of the comments above – the layout is impossible to make sense of from the budget-style website, and the finishes and architectural detail appear uninspired at best.
Obviously you are more than welcome to your opinion (and you probably wouldn’t like my house and my brand of “flair”) and in fact this may well be someone’s dream house. But to dismiss criticism as jealousy is laughable and in fact counterproductive if you are actually trying to accomplish a transaction.
Best of luck to you on your sale.
Wow, Luke, you can find a rental in SF for $600/month? That would indeed be impressive.
It might be YOUR dream house, but it’s not many other people’s dream house. The quicker you learn that, the quicker it will sell.
I have met a lucky few people who rent for $600/month or close. They’ve been in their rental for 30 years. True that for stinky carpet too.
One place I have seen was such a dump, you’d think the $1000/month the renter was saving over market rental would find its way into some cleaning supplies. But nope. The things you see in this City. For a few of the entitled bunch, “property is theft” which leads to “why should I pay to improve the property of a thief?” which leads to “why bother cleaning?”
Speaking of properties that have been on the market for what seems like forever (and listed by Vanguard), 3567 21st Street. It was featured here on socketsite almost 2 years ago. I don’t believe this has ever closed escrow.
4oceans wrote:
Well, even more of the story is told in an article from The Chronicle on Friday about this property in general and the staging in particular; turns out that the sellers are part of The New Global Elite and move from country to country as easily as most folks move from city to city:
I think its obvious that the sellers are loaded and have more money than they know what to productively do with, so if it doesn’t sell near the current ask, it’ll probably sit on the market. “Real wealth can afford to wait”, as they say.