8legs: Presidio heights, usa

#1 out of 112.9K est. views3.71%

A “talk of the town” sale, even with no garage

A Presidio Heights home at 116 Cherry Street sold for $4.4 million, nearly 50% over asking as demand remained high.
The home drew 100 showing requests and 16 written offers before sale, underscoring intense buyer interest.
The listing was priced just under $3 million, highlighting a price point many buyers aimed to beat by bidding over ask.
The property sits about 10 feet above street level and originally had no parking, a detail buyers weighed against the price.
A pre-listing update of about $100,000 helped refresh the kitchen and finishes to attract buyers.
Experts explored adding parking, with estimates up to $650,000 for a full lower-level garage expansion.
Monica Pauli of Compass noted the sale illustrates high demand and low inventory in Presidio Heights.
Sold by City Real Estate agents Alexander Lurie and David Cohen, with Willis J. Polk as the designer.
The home’s classic features, including four fireplaces and a library with a wood-beam ceiling, were selling points.

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