630 Page Street

Purchased for $3.450 million seven months ago, the renovated Lower Haight Victorian at 630 Page Street was re-listed at the same price last October and then reduced to $3.299 million in November, at which point the listing was updated to tout a “One and only price reduction!”

Withdrawn from the MLS in December, the property was relisted for $3.299 million last month.

And this afternoon, the list price for Rex May’s former home was reduced to $2.995 million and “Wow! New Price!” has quietly replaced the “One and only price reduction!” marketing copy.

A sale at asking would represent an apples-to-apples 13 percent drop in value for the home over the past seven months.

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Comments from “Plugged-In” Readers

  1. Posted by Hunter

    * POP *

  2. Posted by david m

    a good start. not wishing anyone ill, but 3 million for this is still nuts.

  3. Posted by Louis

    Might be a nice house.

    But this is $3 MIL

    on Page street.

    doesnt make sense, other than bubble sense.

    maybe its near the google bus.

  4. Posted by MyOddCommentHandle

    i wonder if someone fell in love or they were sold on it.

    after commissions are paid out, it’s really gonna suck.

    they gotta be fairly loaded to be looking at $3M homes anyway. it’ll hurt but they’ll recover.

  5. Posted by wsf

    My question is why would anyone buy a house (at $575K over asking) if you end up putting it on the market just four months later? What in the hell is that all about? That must have been one helluva’ eBay moment – ‘what i’d do’ mistake late in Vegas one night.

  6. Posted by So geht es

    In my humble opinion this home has a rockstar pedigree; or translation, with the current price of this parcel you are 2/3 towards the recent price of the original Wu-Tang Clan album… and look where that landed the current owner of the latter, or soon-to-be former owner.

  7. Posted by Kyle

    13% decline, plus commissions and SF’s transfer tax means you come out around 20% in the hole. Whoops indeed.

  8. Posted by formerly%whatever

    Still not a Killer deal at $3M.

  9. Posted by 4th Gen SF'er

    I don’t feel as pessimistic as everyone else on this board. I think they reduced it to go for a bidding war. The weather has been good lately, spring is around the corner and pretty sure the prices will be climbing upward again.

  10. Posted by John Woodruff

    So just to set things a little straight, the owner did fall in love with it last summer and purchased with a long term hold in mind. But, as happens, he had a change in work, in this case his band, the Killers (not a secret who the owner is you read previous posts), decided to go back on tour several years earlier than he had expected and he just was not going to be around enough to really enjoy the property. So.. here we are. Slightly changing market and a VERY unique and wonderful house, but not for everyone. BTW – the pic is from an earlier listing. Its with John Woodruff at Hill & Co.

  11. Posted by Michael

    “…his band, the Killers (not a secret who the owner is you read previous posts), decided to go back on tour several years earlier than he had expected…”

    Translation: they need the money.

    “…he just was not going to be around enough to really enjoy the property.”

    Translation: he’s in over his head and doesn’t think it’s a good investment.

    Who advised him when he purchased the place?

    • Posted by Ohlone Californio

      Oh boy is that “translation” + “let me insert my own smarmy opinion” stuff reading like a really stale old hat these days. You think the Killers aren’t making great money? Why?

  12. Posted by SocketSite

    UPDATE: The sale of 630 Page Street has closed escrow with a reported contract price of $2.995 million.

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