100 Palo Alto

As we wrote this past September:

Custom built for former San Francisco Mayor Elmer E. Robinson in 1953, the Mid-Century home at 100 Palo Alto Avenue hit the market in March 2008 listed for $4,000,000 and closed escrow that April with a recorded contract price of $5,625,000.

Returned to the market listed for $6,400,000 in 2010, after 341 days on the MLS and a couple of reductions, the Clarendon Heights view home was withdrawn from the market in early 2011, last asking $4,950,000.

Listed anew for $4,995,000 six months ago then reduced to $4,695,000 in November, the sale of 100 Palo Alto closed escrow last week with a reported contract price of $4,600,000, a million dollars ($1,025,000) or eighteen (18) percent under its early 2008 sale price.

100 Palo Alto Living

Comments from Plugged-In Readers

  1. Posted by Lurker

    Same agent who sold it to the poor guy also represented him on the sale. Talk about burying your client. Had to been an awkward sales process.

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