Inside the $24M SF ‘Mack Mansion’ that’s been sitting empty for years

 Inside the $24M SF Mack Mansion thats been sitting empty for years

The circular portico entryway.

OpenHomes Photography

That’s not to say the home hasn’t had plenty of interest. Chan said he gives tours often. But a lot of the inquiries come from those that want to utilize the space for its immaculate decor, rather than as a family home. Someone wanted to turn it into a TikTok house (“that’s so over,” Chan said) and many have been interested in throwing events there (“brides, bless their hearts for trying”) or shooting editorial spreads for magazines (one was allowed). Film scouts have visited, and an “A-list Hollywood movie” may be filming there this summer.

 Inside the $24M SF Mack Mansion thats been sitting empty for years

The living room was designed by Jonathan Rachman and was inspired by Audrey Hepburn.

Open Homes Photography

The nearly 11,000-square-foot home features eight bedrooms, six bathrooms and two half-bathrooms. The expansive kitchen was named House Beautiful’s “Kitchen of the Year” and is larger than most San Francisco studio apartments. There’s also an elevator that services the four floors and a motor court that fits seven cars. The view from the primary bathroom alone would rival any claims of the “best view in San Francisco.” Plus, every inch has been impeccably decorated, with many of the rooms preserved in their Decorator Showcase glory.

Perhaps the most lauded space is the living room, designed by Jonathan Rachman and inspired by the relationship between fashion designer Hubert de Givenchy and Audrey Hepburn. It’s decked out in lush fabrics of emerald green and gold, encased in hand-embroidered wallpaper. 

 Inside the $24M SF Mack Mansion thats been sitting empty for years

The kitchen that was once named House Beautiful’s Kitchen of the Year.

Open Homes Photography

This dressed-up version is what the current owners fell in love with. They bought tickets to the showcase in 2017 and just months later they purchased the property for $16 million.

For the right price, Chan said buyers could even negotiate for all those furnishings to be included in the sale. 

 Inside the $24M SF Mack Mansion thats been sitting empty for years

The primary bedroom

Open Homes Photography

While renovations and the current design aesthetic are decidedly modern and intriguing, the real charm of the home for many will be found in its original details. You can even glimpse one of the most stunning accents, the marble circular portico at the front entrance, from the street, with its Romanesque columns calling back to an earlier era of San Francisco opulence.


Upon entering, a grand, carved wooden double staircase flows up to the second floor, stealing the show before you even can glance at the rooms around you. An original hearth commands the living room and intricately carved wood built-ins flow into the dining room. And the coffered ceilings. Oh, the ceilings. “For a younger buyer, that’s not going to resonate as much,” Chan said. 

The storied home was built in 1904 by father-son architects Samuel and Sydney Newsom, a formidable architecture team who were responsible for many early Pacific Heights living spaces, for Julius Mack and his wife Irene “Nettie” Silverberg Mack. Julius built his wealth in finance, starting the Bank of Bakersfield with Philip N. Lilienthal (another San Franciscan connected to another storied old home). He went on to become the president of Imperial Oil and owned the house until his death.

It was sold soon after and then was owned by William H. Orrick Jr., who was later appointed United States district judge for the Northern District of California by President John F. Kennedy. The Orricks spent nearly 50 years in ownership of the home until it was purchased by the Kunins. Dr. Richard Kunin was a prominent psychiatrist and his wife Matilda founded Young Performers Theater, and they lived there for 37 years, ensuring the property has been owned by very few families in its nearly 120-year existence.

 Inside the $24M SF Mack Mansion thats been sitting empty for years

One of six full bathrooms

Open Homes Photography

Chan said he’s had some concerns from those visiting the home that the over-the-top decor is “lipstick on a pig.” That would be some lipstick — 28 of the Bay Area’s most elite interior designers each took on a room for the showcase — but he said the home was retrofitted in the last decade and the home is in solid shape. He said it’s nothing like 3800 Washington — another Decorator Showcase house that was modeled after Le Petit Trianon in Versailles, France — which went on the market for $30 million in April 2019, and then quietly relisted for $23.8 million in November 2019, then underwent three more big price cuts. It finally sold in March 2022 for $12.7 million.

“The market is mellowing,” Chan said. “We’re at a weird inflection point and people are still unsure. We’ll see what happens.”

 Inside the $24M SF Mack Mansion thats been sitting empty for years

Another secondary bedroom

Open Homes Photography

 Inside the $24M SF Mack Mansion thats been sitting empty for years

The upper level view penthouse has a wet bar and a wraparound view patio.

Open Homes Photography

 Inside the $24M SF Mack Mansion thats been sitting empty for years

The upper level view penthouse has a wet bar and a wraparound view patio.

Open Homes Photography


Article source: https://www.sfgate.com/realestate/article/SF-mansion-gets-price-cut-17216280.php

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Invesco Buys New Bay Area Industrial Park for $119M

Butterfield 5, a five-building, 410K SF Class A industrial park that was completed earlier this year in Morgan Hill, CA, has been acquired by Invesco Real Estate from Trammell Crow and its joint venture partner, CBRE Investment Management.

According to a report in Silicon Valley.com, based on records filed this month with the Santa Clara County Recorder’s Office, the purchase price for the transaction was $119M.

Article source: https://www.globest.com/2022/06/22/invesco-buys-new-bay-area-industrial-park-for-119m/

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Bay Area Housing: Mortgage on Typical Home Now $9,100 in San Jose, $8,100 in SF

The monthly mortgage payment on a typical home in the Bay Area jumped more than 50% from a year ago, soaring to over $9,000 in San Jose and above $8,000 in San Francisco, according to a report from Zillow.

The online real estate marketplace reported Tuesday that housing affordability across the nation is at a 15-year low, adding that buying a typical U.S. home at the current average mortgage rate of 5.78% would mean monthly payments of $2,127, 51% higher than a year ago.

As is customary, that number quadruples in the Bay Area’s two largest cities. Here are some details from Zillow’s report:

Housing in San Jose metro

  • The typical home value is $1,706,565, up 22.4% year over year and 37.6% since 2019.
  • Mortgage payments on a typical home are $9,136 a month. That’s up 57.1% compared to May 2021 and 5.4% over April.
  • Typical rents are $3,295, up 12.1% since May 2021.
  • The share of listings with a price cut is 8.1%, compared to 4.7% in April

Housing in San Francisco metro

  • The typical home value is $1,500,189, up 18.5% year over year and 33.6% since 2019.
  • Mortgage payments on a typical home are $8,117 a month. That’s up 52.8% compared to May 2021 and 5.4% over April.
  • Typical rents are $3,214, up 10.3% since May 2021.
  • The share of listings with a price cut is 8.3%, compared to 5.8% in April


461a1 Overpriced Ep4 Bay Area Housing: Mortgage on Typical Home Now $9,100 in San Jose, $8,100 in SF


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Zillow added that mortgage payments now are higher than rent in 45 of the 50 largest U.S. metros, a sharp reversal from as recently as 2019.

Also, demand for homes has pulled back in response to the latest market shift, easing price growth, slowing sales, boosting inventory and raising the share of listings with a price cut, Zillow reported.

Article source: https://www.nbcbayarea.com/news/local/making-it-in-the-bay/bay-area-housing-mortgage-on-typical-home-now-9100-in-san-jose-8100-in-sf/2924877/

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Bay Briefing: What to know about the Warriors parade today

After 27 pandemic months of economic strains, emptied sidewalks and decay, San Francisco’s Market Street will be in the spotlight for a strikingly different reason: a celebratory parade for the Golden State Warriors’ NBA championship triumph over the Boston Celtics.

“Market Street since the pandemic has felt empty, sort of a ghost town,” said Marisa Rodriguez, executive director of the Union Square Alliance. San Francisco officials and local business groups spent the weekend preparing for the masses to arrive.

Here are the parade details:

Time: It starts at approximately 11:20 a.m. and goes until 2 p.m.

Route: The parade will begin on Market and Main streets in downtown San Francisco. The Golden State Warriors will make their way up to Market and Eighth streets, where the parade will end around 2 p.m. The stretch is just over a mile.

What about the rally? Unlike with previous victory celebrations in downtown San Francisco, there will be no post-parade rally at Civic Center in 2022.

What about TV coverage? Live coverage of the parade will begin at 10:30 a.m. on NBC Sports Bay Area, as well as on the radio beginning at 6 a.m. on 95.7 FM. The Bay Area’s commercial TV networks will also cover the parade live.

Taking BART: Monday could be one of the busiest days in BART history, the agency said. BART’s four downtown San Francisco stations will take riders directly to the parade. The agency is bracing for a surge in crowds and will deploy more employees at stations and run “as many as 12 special event trains” in addition to regular service Monday, according to BART’s service plan.

Taking Muni: Muni will run its buses and trains on a Sunday schedule — meaning they’ll operate less frequently than they do on weekdays — because of the Juneteenth holiday. But the agency said it will add extra trips on bus lines, including the 38/38R-Geary, 14/14R-Mission, 9-San Bruno and S Subway Shuttles. Details about the schedule changes can be found here.

Read more about getting to and from the parade here.

Meanwhile, with free agency set to begin at the start of the new league year on July 1, significant decisions regarding the retention of key role players are imminent. Will the Warriors stay intact? Here’s what Andrew Wiggins, Jordan Poole and others are saying.

Catch up on all our Warriors coverage here. And if you’re looking for memorabilia to commemorate the latest championship, The Chronicle’s store has you covered.

Plus: Warriors’ Steph Curry owes Kendrick Perkins and all the haters a thank-you, writes columnist Scott Ostler.

Around the Bay

 Bay Briefing: What to know about the Warriors parade today

Libaan Hussein of San Francisco enjoys the sunny weather at Ocean Beach in April. Another heat wave is on the way.

Lea Suzuki/The Chronicle

Weather forecast: After a cool weekend that brought snow flurries to Tahoe, a heat wave is coming. Here’s what to expect.

Fish get a lift: About 200,000 baby salmon were released into San Francisco Bay in a bid to save them from drought conditions that threaten their swim to the ocean.

Retail theft: Hooded, masked men smashed display cases and stole high-end watches from a Bay Area Macy’s.

‘Anti-Asian’ vandalism: A Bay Area home was targeted twice over the weekend with slurs painted on its real estate for-sale sign and then on the garage door, police said.

‘Celebration of freedom’: A large crowd turned out in West Oakland for a block party marking Juneteenth and commemorating the first anniversary of the Black Panther Party Mini Museum.

To the dogs: Corgis invaded S.F.’s Ocean Beach as the treasured Corgi Con dog festival returned.

The Bid

 Bay Briefing: What to know about the Warriors parade today

This San Francisco home sold for $1.4 million over its asking price.

Open Homes Photography

We take a look at a property in San Francisco that recently sold … for $1.4 million over its asking price. This was in early May — before the Fed’s rate hike, the latest surge in mortgage rates and decline in the stock market. But even then, the real estate agent who listed this property said there was a noticeable lull in the market. Still, was that enough to dampen enthusiasm for this S.F. home with unique features?

See if you can price the house in our real estate quiz.

Bay Briefing is sent to readers’ email inboxes on weekday mornings. Sign up for the newsletter here.

Article source: https://www.sfchronicle.com/bayarea/article/Bay-Briefing-What-to-know-about-the-Warriors-17252530.php

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Real estate lull? San Francisco home with views sold for $1.4 million over list price

Square feet

2,376 sq foot

Article source: https://www.sfchronicle.com/projects/2022/real-estate-sf-sanchez-condo/

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