Purchased for $2.95 million in June of 2016, the “exceptional” Russian Hill home on an extra-wide corner lot at 2500 Leavenworth Street, with “soaring 12-foot ceilings, hardwood floors and period details,” not to mention sweeping views from its upper level and deck, was subsequently upgraded and now features a “stylishly renovated kitchen,” “chic powder room” and updated baths.

And having returned to the market listed for $3.495 million this past September, which would have represented total appreciation of 18.5 percent, not accounting for the cost nor value of the aforementioned upgrades, the sale of 2500 Leavenworth, which was listed at 2,920 square feet, has just closed escrow with a $2.92 million contract price, down 1 percent from its mid-2016 sale price.

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Comments from “Plugged-In” Readers

  1. Posted by Notcom

    In all fairness, a corner lot, a wide lot, or a SFH (on Russian Hill) are all far from the norm: so put them all together and I think “exceptional” is justified…for once.

    The house is nice, tho sadly it seems to have caught a mild case of ‘maison blanche’…an affliction that has apparently been epidemic in California for some time: “(the Gambles) began living in [their] house after Julia’s death in 1944, and briefly considered selling it. They soon changed their minds, however, when prospective buyers spoke of painting the interior teak and mahogany woodwork white.”

    Sigh….it’s not just “those Southern Californians” anymore.

  2. Posted by Jho Low

    It’s a nice house, and kind of a mystery why the buyer bought it and then sold it for a little bit less, and I don’t think he lived in it in between. Maybe his plans changed, or he had a different agenda. I went to both open houses. I thought it should have sold for more, and I can make guesses based on its lot size and bedroom configuration. But, sorry bears, 3m is not really a bearish signal.

  3. Posted by Plugger

    Folks, the market is back!

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