Speaking of big properties and taxes atop Pacific Heights, according to a plugged-in tipster the sale of 2830 Pacific quietly closed escrow yesterday with a reported contract price of $8,350,000. The sale should result in an annual property tax bill of around $100,000, triple what’s currently being paid.
As plugged-in people know, the 2009 Decorator Showcase home had originally been shopped around at $15,500,000 before being listed for $12,900,000. The list price was eventually reduced to $9,995,000 before the property was leased with an option to buy.
Also according to our tipster, “I heard it was a Hong Kong buyer.” No confirmation on whether or not the buyer was the one with the option. And we would be remiss not to note a bit of irony considering the agent was Malin (who apparently represented both sides).
∙ Proposition 13 In Practice Along San Francisco’s Gold Coast [SocketSite]
∙ 2830 Pacific Scoop: Still Not Sold, But Leased With An Option To Buy [SocketSite]
∙ 2009 Decorator Showcase (2830 Pacific) Opens Its Doors And Kimono [SocketSite]
∙ An Actual Showcase Sale In The Works For 2830 Pacific? [SocketSite]
∙ Recap: What’s The Scoop On Foreign Investment In San Francisco? [SocketSite]