January 23, 2008
Nothing But Numbers (And A Pretty Picture): 3400 Clay Street
1 quick reduction ($105,000 91 days ago); 3 car garage (and fireplaces); 4 bedrooms/full bathrooms; 11 foot ceilings; 33 foot long THX home theater; 96 days on the market; 6,500 square feet; 1,567,058 (dollars) tax assessed value; 6,995,000 (dollars) asking.
∙ Listing: 3400 Clay Street (4/5) - $6,995,000 [MLS]
First Published: January 23, 2008 3:45 AM
Comments from "Plugged In" Readers
Google millionaires? Stock dropped about 20%.
Tech executives? Apple is down 12% in one day.
Rich foreigners? Their stocks have dropped about 15% in a few days.
Wall street bonuses for Haas MBAs? Don't even go there.
It's getting harder and harder to find a SF real estate "savior" here.
Maybe Martians?
Pretty house in an A+ location. Amazing.
Posted by: tipster at January 23, 2008 7:30 AM
While I agree with the macro sentiment, Wall Street bonuses were down only 4.7% last year (to an average of ~$180k). Given that 2006 bonuses were insane, a 5% cut means that 2007 bonuses were still mostly-insane.
Posted by: MattP at January 23, 2008 7:42 AM
Great Home - nice carpet.
Posted by: Michael L at January 23, 2008 7:53 AM
Won't those shingles turn an ugly brown. I know that is a look -- but it's not really one that I prefer.
Posted by: eddy at January 23, 2008 9:28 AM
I've been waiting for this house to have a reduction.... It kind of makes me sad looking at it. It could be a glorious Queen Anne, but the shingles are just heinous and the interior remodel is poor and outdated.
[Editor's Note: We should have been more clear; the $105,000 reduction was 91 days ago and was likely more marketing (to get it under seven million) than an adjustment in expectations.]
Posted by: Sleepiguy at January 23, 2008 9:46 AM
Will this be reassessed upon the sale? Seems kind of crazy that the assessed value is just over a million.
Posted by: Taxassessedvalue at January 23, 2008 10:31 AM
The new tax will be 1.141% of the selling price.
Posted by: fred at January 23, 2008 10:35 AM
Nice house other then the MTV cribs movie theater...did they run out of money before they could put in the pole too...
Posted by: john willenborg at January 23, 2008 4:03 PM
Shingles are all wrong. Another improper "restoration."
Posted by: L at January 23, 2008 7:41 PM
thought this house was over priced.
Posted by: ok at January 23, 2008 10:00 PM
Seriously - someone could have made a mini-version of 2724 Pacific (My personal favorite Queen Anne).
Posted by: Sleepiguy at January 23, 2008 10:33 PM
The long expected price reduction is here! They knocked off about 700k. It's now $6,295,000. Honestly, that's still not enough. 5.9 might be a possibility, but that's pushing it.
Posted by: Sleepiguy at March 9, 2008 10:54 AM
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