Indication of booming realty market in San Francisco provided in the form of a Pacific Heights pad offered for sale for 1,503% more than it sold 20 years ago
A detached house in San Francisco’s Pacific Heights that dates to 1906 has gone on sale for a sum £9.8 million higher than it sold for in 1997.
Subject to a seismic upgrade and renovated in 2013, 2370 Washington Street is located in the popular Fillmore corridor and situated on a 50-foot wide lot.
Aside from 4 reception rooms, 2 kitchens, 6 bedrooms and 6 bathrooms, the 7,965 square foot house features a media room, a wine cellar, an elevator and a 4-car garage.
2370 Washington Street is offered for £8.2 million by agents Neal Ward Properties.
The Numbers – 2370 Washington Street, San Francisco
Sold for $655,000 in 1997 (the equivalent of $999,000, £785,000, €893,000 or درهم3.7 million today) in 1997.
Sold for $1.68 million in 2012 (the equivalent of $1.79 million, £1.41 million, €1.60 million or درهم6.57 million today).
Asking price of $10.5 million today (£8.2 million, €9.3 million or درهم38.6 million).
As a London based property professional, one can only marvel at the staggering numbers being achieved in San Francisco right now. Such epic rises.
Yes property is going through the roof everywhere. This is quite a nice looking pad, apart from the brothel pink master bedroom that is.
No way it gets that price. They can offer these houses for whatever price they want to. The market in SF has already turned.
Also, the pink room is clearly not the master bedroom.