As we outlined last month, the four-level, five-bedroom Pacific Heights home at 2741 Vallejo Street, “an exclusive and quiet street surrounded by lovely homes and a short distance to the Presidio,” returned to the market priced at $9.995 million three months ago having been purchased for $9.500 million in March of 2020.
Reduced to $8.750 million in January, the official “asking price” for the property has just been further reduced to $7.600 million, a price that reflects the minimum price necessary to replace the current highest bid for the property, which is lower, a sale at which would be considered to be “at asking!” according to all industry stats and aggregate reports but would be down 20 percent on an apples-to-apples basis from the first quarter of 2020 and $1.2 million less than the home fetched in September of 2016, prior to it being updated and modernized.