October 2, 2012
Designer Remnants Redux: Schwab's Showcase Home Withdrawn
Despite a $2,500,000 price cut to $17,500,000 in April, just prior to serving as San Francisco's 2012 Decorator Showcase home (as it was in 1991 as well), the listing for the 11,500 square foot Hellman Mansion at 2020 Jackson Street has been withdrawn from the MLS without a reported sale after 381 days on the market.
As plugged-in people know, the Julius Kraft designed property was built in 1902 as a wedding gift for Wells Fargo Bank President Isaias Hellman's daughter and is owned by the Catherine Schwab Revocable Trust which purchased the property for $15,000,000 in 2004.
∙ A Pre-Showcase $2,500,000 Price Cut For 2020 Jackson [SocketSite]
∙ Showcasing 2020 Jackson Street [SocketSite]
∙ The Hellman Mansion Officially Hits The Market Listed For $20 Million [SocketSite]
∙ 2020 Jackson’s Storied Past (And Currently Staging) [SocketSite]
∙ Designer Remnants On Vallejo [SocketSite]
First Published: October 2, 2012 9:30 AM
Comments from "Plugged In" Readers
HDR photos of the sort should be outlawed.
Posted by: SFer at October 2, 2012 10:40 AM
Isn't there a curse on old Decorator Showcase houses? It's like admitting the house is a white elephant.
Posted by: Jane at October 2, 2012 12:16 PM
This house is assessed at $870,364. Thanks prop. 13. I'm glad the Schwab's are getting a helping hand.
Posted by: fred at October 2, 2012 2:24 PM
Fred, that's not right... The home is assessed at 14 million and the annual taxes are $165k.
Decorator showcase homes are usually white elephants. They're normally monstrous properties that require a great deal of maintenance. If anyone went to see this home, it's very grand, but in no way practical. Probably the worst aspect is the kitchen/family room is not integrated into the rest of the house. The views aren't very good and the location is ok, but it's not WeFi (West of Fillmore), nor is it outer Broadway. I can't imagine who the buyer for this type of place would be... Everything has a price, so it CAN sell, just not for 17+ million. Didn't the Paige's learn anything from their last Decorator Showcase debacle, 2820 Scott? Since the families are now integrated, you'd think they wouldn't go this route.
Posted by: Denis at October 2, 2012 3:42 PM
Marriage is not necessarily integration.
Posted by: conifer at October 2, 2012 7:47 PM
Matt Paige ...the apple doesn't fall far from the tree. Karma is a real b.....
Posted by: Page Me at October 3, 2012 9:16 AM