Originally designed by William Wurster and perched on the eastern slope of Russian Hill, the three-bedroom home at 1116 Greenwich Street, which actually fronts the Greenwich Pathway versus the street, was renovated in 2008 and sold for $2.825 million in August of 2015.

While it’s missing a garage and can only be accessed on foot, the hideaway home features panoramic views, multiple decks, a covered terrace and a potential guest suite with a secondary entrance on its lowest floor.

And touting an “ideal location in the heart of the city’s most quintessential neighborhood,” 1116 Greenwich Street returned to the market priced at $2.995 million three months ago, a price which has been reduced to $2.65 million, or roughly 6 percent below its 2015 price, with an interim reduction to $2.795 million last month.

Comments from Plugged-In Readers

  1. Posted by Dave

    Very quaint – a “doll house”. And, of course, the views. So, a drop in the asking. TH is prime SF real estate and one wonders is this a one-off? Is there more to the story? An adjusting variable set to hit in 2019 with the buyers needing to get out for financial reasons sooner rather than later?

    • Posted by Notcom

      And sometimes an – overpriced – cigar is just a cigar.
      (and it’s RH, not TH)

  2. Posted by JaqulineB

    Not a one off. 11 San Jacinto in SFW went from $6.25M in June 2015, dropped to $4.6M today. That has to hurt.

  3. Posted by The Milkshake of Despair

    Nice looking place. I’m not even a RH type of beverage though this seems really appealing. Lack of a garage is not a problem for car storage, but what about everything else? One of the bedrooms would need to be sacrificed to store the stuff you don’t want on display in living areas.

  4. Posted by Richard

    I would have thought it impossible for a thing to be “most quintessential”, but maybe there are parallel universes I am unaware of?

    • Posted by The Milkshake of Despair

      SF real estate copy writers accede to cynosure, dontcha know?

  5. Posted by Alai

    Well-suited for an inlaw.

  6. Posted by SocketSite

    UPDATE: The list price for 1116 Greenwich Street has just been reduced by another 2 percent to $2.595 million, a sale at which would now represent total depreciation of 8.1 percent for the Russian Hill home on an apples-to-apples, versus “median price,” basis since the third quarter of 2015.

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