3701 Washington 2010
Two weeks ago we received a tip that 3701 Washington was preparing its return to the market (“tell tale signs of activity (gardeners & painters)…and the big red truck Arthur McLauaghlin & Associates out front”). Today it did.
Asking $15,500,000 in 2006, its list price was reduced to $14,250,000 before selling for a “confidential” price that October (tipsters?). Relisted for $17,500,000 in 2008, it failed to sell. And now, the 2006 Decorator Showcase home is back on the market in 2010 and asking $13,450,000.
∙ Listing: 3701 Washington (5/4.5) – $13,450,000 [MLS]
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18 thoughts on “3701 Washington Returns Two Years Later Asking 23 Percent Less”
  1. Nice house. A bit of a mess for the purists. Mansard roof with an out-of-proportion porch, Galerie-des-Glaces Versailles entrance, Haussmann salon, 2006 McMansion bathrooms, Pottery Barn media room.
    Yeah, it’s Pacific Heights alright.

  2. There was quite a bit of work done between 2005 and 2006 by the Atherton Heritage group. What also amazing is how quickly they did all that work in this town.

  3. honestly, I don’t care, this is so far out of my realm that it’s irrelevant to me. Are the other SS readers really anywhere near being able to buy something like this? I imagine if I could afford it, I’d be the responsible party for the articles written here, not writing a comment…
    Even though I’m still far from buying, or even renting, I can imagine myself in the properties featured in the $2-5 million dollar price range, but are people really interested in these $15 mil+ properties?

  4. The staging here seems very tasteful and somewhat mitigates the haphazard finishes left over from the Decorator Showcase. For the most part I like this house. The location is pretty sweet – two flat blocks to Laurel Village. While I don’t think it’s grossly overpriced like the two homes on Pacific and even though it’s certainly more appealing than the Sperling home a few blocks east, I could see a sale somewhere in the 11s.. like 11.5. Still, as far as luxury homes go, this one stands out. The only real problem is there’s quite a bit of high-end inventory out there (including quite a few pulled and pocket listings), so the stock market upswing may not help much here.

  5. overall I love this place
    1) fantastic chandelliers all over the place
    2) floors are to die for
    3) the rooms all seem grand
    4) location is excellent.
    a few minor negatives:
    1) it really is a pity to have those tiny windows when there is such a great view!
    2) I feel like that front porch is too big and it seems like it was stuck on as an afterthought.
    3) I’d repaint a few rooms and the kitchen isn’t for me.
    4) bathrooms don’t really seem to fit the rest of the style of the home.
    otherwise it is a grand dame.
    @ lyqwyd:
    nah, I’m nowhere near this price range either. but I think it’s nice to see these for 2 reasons
    -it’s RE pron.
    -it helps you know what you get for the money.
    when I bought my place I looked at places 2x what I was willing to pay, and half of what I was willing to pay. It helped me figure out if my price range was the right price range for me, and helped me value my local market.

  6. 1. Hopefully they spruced-up the faux-brick wine cellar from the Showcase.
    2. If they want to sell at this price, they should include 2,600 oz of gold, stashed in said wine cellar.

  7. I never thought about it that way. I can definitely see the value in looking at stuff signifacantly above or below one’s price range to get a better feeling for the range one is specifically looking at comparatively.

  8. Good! It’s a nice house. I’m just sorry I missed my chance go buy it. I guess I’ll have to wait another couple of years before it comes on the market again. Kidding..
    A few decent high end sales have really helped this market. Pretty much all the prime presidio heights homes have gone into contract faulty quickly.

  9. It’s basic all sold as it went in escrow firm a few days ago. Didn’t bother posting it here. Il guess it closed for 12m. +/- 500k

  10. So, if Jason’s figure is correct, it sold for exactly the same price as it did back in 06? That’s kind of interesting. Too bad about the almost half a million they paid in property taxes over the last four years.
    I thought it wouldn’t hit 12, but eddy did, so he wins.. lol.
    I hope this is a bit of reality check for the two homes on Pacific.

  11. This is a nice comp for the high end. The other home on pacific bet stiener and fillmore will not sell for over 10. But high 8 should get it done.

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