Built in 1929 and recently “re-imagined to seamlessly blend its classic architectural presence with the amenities and conveniences of a modern and contemporary lifestyle,” a re-imagining that added over 2,000 square feet of living space to the Pacific Heights home, 2040 Jackson Street hit the market two months ago listed for $15 million having been purchased as a 4,900 square-foot home for $5.2 million in 2008.
This past Friday, the sale of the now 7,100 square foot home closed escrow with a reported contract price of $14 million, which is one million or “under asking” but nearly $2,000 per square foot ($1,972).
And while the neighbors had objected to the expansion, no word on whether or not they’ll object to their new comp.
Good thing they didn’t hire Ken Fulk to decorate it.
I was trying to resist commenting, but sucked in here….
@soccermom, seems like an arbitrary and unusually mean spirited comment. I’d say the KF has a unique style and approach that does not suit everyone’s taste; but to randomly post up a comment on a random thread seemingly attacking a designer with no affiliation to this project is a bit harsh and I’d go so far as to suggest maybe a little out of bounds. But whatever, free country and all….
$14M for this place is really surprising and at the same time, I guess not so surprising. Personally, I’m much rather have the Getty Mansion on Vallejo that you could probably pick up for $12.5 if you were a serious buyer. Better location and better views. But well-to-do buyers seem to want “done” homes and are willing to pay a big premium for it. At this pace, we may be in for a run of $15M+ homes as some of these more grand estates / homes start to get flipped with the same level of detail and attention.
Hi Eddy – I don’t have anything against Ken Fulk and you are right that all else equal I shouldn’t be name calling as it is bad form. But you have, sort of, reiterated my point in your second paragraph and pointed out exactly the story that brought it to mind.
Do you know that Ken Fulk decorated the Getty Mansion listing (one that is languishing, apparently)? I completely agree that the Getty House seems like a tier 1 home, and this one that has just sold for more seems like a tier 1.5 (1.2?) home. Why then, will the Getty house sell at a discount? I guess lots of reasons but many seem to have to do with presentation. It’s certainly a ‘done’ home if a name brand designer has been over it. It just hasn’t been ‘done’ the way the market wants it.
I get the sense that Ken Fulk is connected with the Gentry Magazine crowd, but I am afraid the personalized touches he gives clients wind up being negative value added from a sales perspective. Yet agents continue to name-drop his designs.
But you’re right. Without any context it sounds a little jerky so shame on me. Tis the season for gratitude. I’ll pipe down.
????? ^