Business · India Bureau
San Francisco Heritage Home Doubles Price, Sells for $15 Million
A century-old residence in San Francisco's prestigious Sixth Avenue neighbourhood has sold for nearly double its asking price, fetching $15 million. The property, which had remained in the same family for seven decades, exemplifies the enduring appeal of historic homes in competitive real estate markets.
LSN India ·
The four-bedroom, three-bathroom home at 2 Sixth Avenue was listed at $7.999 million before attracting significant buyer interest that drove the final sale price to $15 million. The 112-year-old property spans 4,490 square feet and represents a notable example of San Francisco's well-preserved residential architecture.
The substantial premium over the asking price underscores continued robust demand for heritage properties in established San Francisco neighbourhoods, particularly among buyers seeking character and historical significance. The home's seven decades of single-family ownership prior to the sale suggests careful maintenance and continuity, factors that typically appeal to discerning purchasers in the luxury residential market.
The sale reflects broader market dynamics in San Francisco's property sector, where distinctive older homes with established provenance command considerable premiums. The transaction highlights how historic properties with strong ownership histories and architectural merit continue to attract premium valuations in the city's competitive real estate landscape.