It took thousands and thousands in worth cuts to lastly promote this San Francisco dwelling
May 8, 2021Updated May 9, 2021 9:56 AM
It took over five years and millions in price cuts, but 2820 Scott Street eventually sold for $ 17.5 million.
When we wrote about the mansion last spring, listing agent Olivia Hsu Decker was optimistic that a $ 6.5 million price cut and the large square of the house would make it re-attractive to pandemic buyers.
But after that price cut, it took almost a year to sell the house, despite Hsu Decker saying there were lots of tight calls and higher offers. “I had higher bids of $ 25 million, $ 22 million, and $ 20 million, but buyers pulled out of escrow when they got conversion estimates from their designers,” she said.
It seems ironic that design would be the theme for the former San Francisco Decorator’s Showcase Home, but Hsu Decker said the 117-year-old mansion simply had no connection with the young families who made up the bulk of interested buyers. “The reason this house didn’t sell earlier was mainly because of the style issue,” she said. “It’s a very ornate Italian-style mansion from 1904 that has been decorated with beautiful antiques but very heavy and ornate furniture and antique art. It feels like living in a European museum. Unfortunately, this is not The Trendy Style Buyers Want Most buyers for very large villas like this one are much younger families with young children, many in the high tech industry, who want contemporary and simpler styles and floor plans that are appropriate for the casual lifestyle of a youngster Family. “
