Purchased by a tech entrepreneur for $5.55 million in the fourth quarter of 2013, the converted Noe Valley Firehouse No. 44 at 3816 22nd Street returned to the market in October 2015 priced at $6.898 million.

Withdrawn from the MLS at the end of 2015 without a reported sale, the firehouse was being offered for rent on Airbnb with the owner having moved to Cow Hollow.

Subsequently flagged as an illegal short-term rental by the City, the property was de-listed from Airbnb last year, a penalty was paid, and the home returned to the MLS this past March listed for $5.75 million.

And on Friday, the resale of 3816 22nd Street closed escrow for $5.325 million, down 4.1 percent (225K) from its 2013 purchase price on an apples-to-apples basis.

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Comments from “Plugged-In” Readers

  1. Posted by Don David

    Same LLC which owns 2698 Pacific Avenue

  2. Posted by Just My Opinion

    2698 is the San Francisco University High School showcase house that is being offered for sale.

  3. Posted by curmudgeon

    2013 was certainly not the high point in the market. Implies it was really a poor judgement at the time, but the market is a cruel mistress. As many have pointed out, however, this property is more interesting in concept than in reality….the interior design is highly specific and not all that desirable for most people.

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