July 8, 2011

The Newsoms' Home At 1581 Masonic Hits The Market

1581 Masonic

As we first reported in 2009, while the sales price of the then Mayor’s new abode at 1581 Masonic was reported on the MLS as "confidential," it was a plugged-in tipster that tipped us off to the $2,738,000 contract price of the District 5 home which had been listed for $2,980,000 (the number which would have been used for MLS based stats).

As a prescient plugged-in reader wrote at the time:

I bet if he loses the governor's primary or the actual race, within six months he will be back in his natural habitat, well north of California Street, or perhaps in Marin. This neighborhood is purely a political decision.

With the Newsoms now moving to Marin, their 3,051 square foot home on Masonic has hit the market listed for $2,750,000.

1581 Masonic: Living

∙ Listing: 1581 Masonic (4/3.5) 3,051 sqft - $2,750,000 [obeo.com] [MLS]
The Mayor’s "Confidential" Contract Price: 8% Under Reduced Asking [SocketSite]
The Mayor Moves To (Real Estate) District Five [SocketSite]
A Political Move [SocketSite]

First Published: July 8, 2011 6:00 AM

Comments from "Plugged In" Readers

This has been on Barbra Callans site for a while now so they have been quietly marketing this home for a bit here. This will be interesting to watch.

Posted by: Eddy at July 8, 2011 6:53 AM

Ouch -- who decorated that living room!!! Maybe it works better in person but those combinations are not working well with my morning coffee. (The red lights, the painting, the rug...)

Posted by: sf design at July 8, 2011 7:30 AM

sf design: looks like a fair contribution from Restoration Hardware according to their current catalog.

Posted by: EH at July 8, 2011 7:45 AM

What does it say about a city when the former mayor cannot wait to move out?

Posted by: anon94123 at July 8, 2011 11:18 AM

I think it says more about the mayor than the city.

Posted by: 94114 at July 8, 2011 11:45 AM

I liked the furniture when it was in his condo at 1101 Green, but it doesn't really fit here... The remodel of this place looks fairly tasteful, but it's hard to tell from the photos. It seems a little cramped. It'll probably sell for asking fairly quickly given his contacts.

I have no real opinion on his Marin move... It's such an odd family. Maybe Jennifer really does want to spend more time with her father. If you don't remember... he was gored by an elephant while on safari a couple of years ago.

Posted by: Denis at July 8, 2011 12:18 PM


Denis wrote:

> Maybe Jennifer really does want to spend more
> time with her father. If you don't remember...
> he was gored by an elephant while on safari a
> couple of years ago.

I don't know Jennifer's Dad, but it sure would be strange if her Dad "and" his cousin (who founded Siebel Systems) were both gored by an elephant a couple years ago...

Posted by: FormerAptBroker at July 8, 2011 12:30 PM

To be perfectly honest, I find it a bit odd when anybody gets gored by an elephant.

Posted by: justme at July 8, 2011 12:39 PM

Opps! I read that article a year ago and for some reason was a little confused. Yes, it wasn't her dad... Her dad is Ken, Tom was one gored by the elephant.. lol..

Posted by: Denis at July 8, 2011 1:06 PM

Already sale pending in 4.5 days. Wow, everyone wants to live where the mayor used to live!

Posted by: Ryan at July 12, 2011 11:46 AM

I never know what to think about these sales. Remember his condo at 1101 Green sold for only 2% under asking one month after it was listed in 4/09, which was pretty much the nadir of the high-end condo market. Now this is in firm escrow "a few days" after it was officially listed. As I said, Newsom clearly has the contacts to dump a property fast. I'm also sure the agent already had a buyer lined up well before it hit the market. She did the same thing with 3176 Washington. Unofficially on the market for months... Officially on the market and sold in a week. Gotta keep those days on the market low I guess..

Posted by: Denis at July 12, 2011 1:50 PM

Sold! At asking.

Da - yum. That was fast. Good to be a seller when you have the ability to influence big political decisions.

Posted by: A.T. at July 13, 2011 11:06 AM

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