2013 a very lucrative year for San Francisco’s Jackson Street homesellers

While 2013 was an expensive year all over San Francisco, three of the most expensive residential home sales of the year took place on one street in transactions that often took less than a month to close. Indeed, for sellers on Jackson Street, from the Presidio to Pacific Heights, it’s been a very good year.

1. 3660 Jackson

Presidio walkers will have passed by this home. The stately structure, circa 1907,  is just on the other side of one of the park’s walls.  6 beds, 6.5 baths, a library, gym and wet bar plus lush garden and grounds sprawl luxuriantly over the expansive lot. While the interiors may seem dated to some eyes– even a bit over-the-top in a few bedroom textile choices, no one can argue an 8,820 square foot mansion literally next door to the Presidio isn’t going to sell for a premium. This one did: It listed in June, 2013 for $17.5M and sold in July for $18M– a top sale for the city this year.

2. 2504 Jackson

Across from Alta Plaza Park, this 6 bed, 6 full bath, 3 half bath plus bonus rooms aplenty is the transformation of architect Lewis Butler an designer Tineke Triggs. The property was purchased for $3.650M in 2011, then  ”Taken down to the studs, rebuilt piece by piece, system by system from the foundation to the roof.” New features bedazzle each of three floors in the 7,260 square foot abode, including multiple terraces, a yard, wine cellar, guest suites, plus a recreation room with second kitchen opening to the garden. Along with a stunning spiral staircase connecting each level,  an elevator awaits for those too tired to climb them. This home went on market on April 26 and was sold for $13M by March 29.

3. 2020 Jackson

The Hellman Mansion made a splash when it hit the market this year. Built by banker Isias Hellman in 1902, later a wedding gift to his daughter, still later the site of the 1945 United Nations conference, and still later a participant in the 1991 2012 SF Decorator Showcase, the property has earned its Neoclassical celebrity. Commanding 11,500 square feet, it boasts 7 bedrooms, 7.5 baths, 2 kitchens, dressing rooms, wine cellar, media room and more among its four levels.  Yet the Hellman Mansion had the most trouble selling of the three we’ve looked at today: It sold in 2004 for $15M; listed, de-listed, and re-listed multiple times through 2011-2012; finally arriving on the market to stay in November 2012 when it listed for $14.9M. In March of 2013, it sold for $12.75M. A discount, maybe, but still one of the year’s biggest single-family home transactions.

All in all, though Mission and Market streets have been making news this year for big sales and incredible turn-arounds in values, Jackson Street has been– as usual– in high demand with the high rollers.

Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert




Article source: http://blog.sfgate.com/ontheblock/2013/12/31/2013-a-very-lucrative-year-for-san-franciscos-jackson-street-homesellers/

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