Built in 1899 and having only traded hands a couple of times, the tax assessed value for the nearly 7,000 square foot home at 3636 Clay Street is currently $294,125. And as such, the property tax bill totaled $3,744 last year.
Having just hit the market listed for $11 million, which doesn’t include a single existing parking spot but does include a permit to add a garage, the property tax bill for the Presidio Heights home will jump to nearly $130,000 a year if it sells for asking. A situation we’ll categorize as a problem you like to have.
The carved oak front door of the home opens to the reception foyer and a staircase with four landings, the first of which has a bench which is apparently “a great spot to make toasts” (such as “Cheers to Proposition 13!”).
Sitting on a 55-foot-wide lot with manicured gardens and lawns, the listing notes, “a flat roof at the rear offers great opportunities to the next owner” (as do a lot of the other areas within the home).