This 1924 San Francisco ‘mini-mansion’ with a unique backstory sold in just days. Can you guess the price?
November 24, 2021
Take our quiz to see if you can pinpoint how much this stately Outer Richmond home went for.
Annie Vainshtein | sfchronicle.com
7949 Geary Blvd. in the Outer Richmond neighborhood of San Francisco
Let’s take a look at the property:
What makes it unique:
The buzz around this Outer Richmond “mini-mansion” is just one example of the strength of San Francisco’s luxury home real estate market in 2021. That price segment, generally the $3 million-$5 million range, has seen an 85% increase in sales, compared to 41% across all segments in the Bay Area, according to data analyses by Patrick Carlisle, chief market analyst for Compass. This six-bedroom, 3.5 bath home, which was owned by the same family for decades, once served as the Belgian consulate and still retains many of its historic details, like a butler’s room (complete with a call button) and a formal foyer. The house occupies a big lot steps away from bustling Geary Boulevard — a peculiar street for an S.F. mansion — but also a few blocks from Lands End and Ocean Beach.
So, how much did it sell for?
After just two bids, the property sold in October 2021 for $3.15 million — not far from where it was listed but mere days after it was offered for sale. This isn’t unusual for luxury homes in San Francisco, which are averaging 19 days on the market, down 36.7% since 2020. The luxury home segment is also seeing 81.1% of properties sell for over asking, a hefty increase from 58.8% and 29.7% in 2019 and 2020, respectively. “There’s a lot of people who still want to live in and own a home in S.F, and a lot of them are very wealthy,” said Carlisle. “And, they’re willing to pay more money than ever.”
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