Purchased by an art collector for $1.55 million in August of 2003, the 3,070-square foot Russian Hill cooperative unit #6 at 947 Green Street was gutted and completely transformed into a stunning “European-Deco inspired masterpiece” with views by LeavittWeaver.

Featuring polished teak casework, custom furnishings, and configured as a one-bedroom with an adjoining study (which would be repurposed as a second bedroom), the unit hit the market priced at $7.495 million, or roughly $2,441 per square foot, in the first quarter of this year.

And today, 947 Green Street #6 was just re-listed anew with an official “1” day on the market and a $5.995 million price tag, a sale at which would be considered to be “at asking” according to all industry stats and reports.

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Comments from “Plugged-In” Readers

  1. Posted by Notcom

    I’m not sure there’s a word for “fear of straight lines” – ‘google’ promises but doesn’t deliver – but it’s def on display here.

  2. Posted by jimmy

    (wannabe) oligarch?

  3. Posted by jenofla

    Feels like a high-end yacht. Not my style, but I can appreciate there are some mighty fine materials and handiwork and wouldn’t be able to bring myself to destroy it. Either you love it, or you hate it enough to destroy it.

    • Posted by Amewsed

      Similar thought. Or first class on an Emirates flight. This is for those who loved their yachts and can’t bear the thought of being on land and away from the sea. Limited resale market.

      I liked some of the wood paneled walls, used sparingly.

    • Posted by Bluntcard™

      My first thought was a high end RV. Some rooms are oddly cozy.

  4. Posted by Denis

    This place is going to take ALL the murphy oil. It’s extraordinarily taste specific. People wonder why listings are usually white/gray. This unit is so custom that they’ve dramatically reduced their buyer pool. Living in SF, I’ve enjoyed seeing trends come and go, and am always a little surprised by how quickly interiors date. I look at my own guest bath and wonder what the hell I was thinking (also I have no taste).

  5. Posted by Jim

    Purchased by an art collector? Funny I see lots of tchotchkes but am not sure I see any art.

    • Posted by ess

      I imagine the collector has already moved out and that’s all staging. Hint: nobody buys encyclopedias anymore.

      • Posted by SFMichael

        They might have here. Note that they’re in keeping with the unit’s color scheme. Any color you want, as long as it’s gold.

      • Posted by denis

        Oh no… none of this is staging… There’s not a stager in the Bay Area that has furniture like this or they’d be out of business. It’s the owner’s pieces, and (speaking of dated things from the early 2000s) you can see it all on the decorator’s flash based website. I had a wonderful moment of nostalgia when the “load flash” icon appeared.

        They clearly have a proudly displayed collection of… things. At first I thought netsuke, but no… What’s in the curio cabinets? Knives? Belt-buckles? Inuit votive figures?

        Sorry for the internet snark, but it’s been a long, depressing week. Also, this is coming from someone who keeps house like a Victorian ghost.

        • Posted by ess

          Good points, but I’m still skeptical about the books!

  6. Posted by Tipster

    I looked at units up there and they all have these ridiculous property management companies charging outrageous HOAs for absolutely nothing of value for someone who would actually live in such a unit. This one has an HOA of $2500.

    When I asked why it was so high, when there was absolutely no common amenities, no pool, no gym, nada, nothing, I was told “Sir, our HOA covers a staff to maintain your home for years on end while you aren’t there, and stock the refrigerator and turn up the heat (this was 2002, before such things were automated) when you arrive. We’ll even put gas and oil in the Farrari” Um, thanks. I guess. I did ask one more thing, though. Did they do all that as part of the HOA fees or would there be an *additional* charge for doing all those things. Additional charge. The HOA is to keep someone around on staff at your beck and call to basically do literally anything you’d want.

    So if you’re wondering why you could buy a 3000 square foot place with a view for 1.55M in 2003, that was your answer. The HOAs on these places were about as high back then. Note that it was not this unit or this building, was another place nearby.

    As for this place, my eyes hurt looking at that bathroom.

    • Posted by Denis

      $2500 doesn’t seem that bad. UES NYC HOAs are crazy high. A tiny, dated unit can still have 4-7k HOA fees.

    • Posted by Notcom

      At least they said “Sir” and not “bro”….of course you were probably asking in an “Old money” building

    • Posted by SocketSite

      High HOA fees for cooperative apartments (coops) are typically a function of the ownership structure and shared expenses versus (mis)management of the building, especially in New York where coop buildings typically have an underlying mortgage that’s collectively paid by its shareholders (i.e., owner-residents).

      • Posted by denis

        Yes. Also, in some NYC coops, property tax is included in the monthly fee, so a percentage of the HOA fee used for maintenance, interest, and real estate tax is deductible.

        Coops are comparatively uncommon in SF, so now I’m curious how it works here. The grande dame of coops is, of course, 2006 Washington. With multiple units selling over 20mm, how does that work? The HOA fees were, as of a year or so ago, 6-7k.

  7. Posted by M

    What a series of bonehead comments….typical for this area….low on sophistication & worldliness….fear of straight lines huh u heard of architecture bro check out real cities like Chi, NYC, Dubai and London….what a bunch of narrow minded fools…..I know, blocking your views no buildings over 200′ right? Fools….

    • Posted by eh

      Odd to include Dubai in a list of “real cities,” since it was essentially a (large) flat village until the 60s.

    • Posted by denis

      I think a lot of us follow global RE trends and buyers and interior designers have moved away from deep earth tones, high-maintenance woodwork, complex dark marble bathrooms, and closed off or quirky floor plans.

      While there’s some beige, it has gray undertones. Whites also have gray or blue undertones. Brown, yellows, reds, oranges, and cream are passé. Interiors are white, blue, gray, silver and charcoal. With all the chaos in the news, people are embracing what I would call calm colors. Straight, clean lines, open floor plans, simplicity, light and white sell homes and have for a long time now.

      In NYC staging is extremely expensive so realtors often rely on digital staging to eliminate heavy woodwork, erase all traces of brown, and repurpose poor floor plans. Take a look at IMG staging in New York for actual staged high-end properties.

  8. Posted by MyOddCommentHandle

    Should’ve made the floor and bathrooms white marble (carrera or calacatta (sp) ) and made the woody stuffs for accenting the space. nicely done but too personally specific.

  9. Posted by Curious

    Am I the only one who thinks it is hilarious that the headboard has a fold down armrest like the back seat of a 1980s Benz?

  10. Posted by around1905

    If the level of craftsmanship up close is what the pictures promise, then this place is a jewelbox. All beautiful things are taste specific. As far as staging goes: there are a least two Tiffany studios lamps in the photos. These things sell for tens of thousands of dollars…

  11. Posted by Janet

    The view is lovely. It’s what gives the place its million dollar price tag. As to the apartment/condo, I’d have its interior gutted. It’s too busy/messy to be livable with all those little spaces/rooms. Ugh.

    • Posted by Notcom

      But it’s not a million dollar price tag, it’s a SIX million dollar price tag; so either it’s overpriced, or a large portion of the price is in the finishes (or perhaps you were just speaking metaphorically? always a danger when reality overtakes fantasy)

      At any rate, whether the buildout is worth $5M or “only” several hundred thou$and, I would think it would make more sense to find a cheaper unit nearby to buy and gut: the view may be great, but not so unique as to justify throwing away that much moola.

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