As seen on Instagram and influencer channels across the webosphere, San Francisco’s bougainvillea house is officially for sale and listed at $6,750,000.
This isn’t the first time the five-story mansion has tried to land a buyer in recent years. It spent a six-month stint as a public listing in 2022, in fact, and has been jonesing for an off-market deal ever since. Had it sold for the original $9 million ask, it would have been one of the neighborhood‘s highest-price sales that year. But, evidently, there was only one person willing to pony up that kind of dough for a property like 2848 Union Street, and they purchased another home a block away instead.
A reduction to $8.5 million in late 2022 failed to generate a deal, and the home was repositioned as an off-market opportunity at $8 million in January 2023. Needless to say, it still did not sell.
For what it’s worth, we’re going to call the current $6.75 million price a bargain. Heck, it may even result in multiple offers. It certainly suggests the seller is motivated, and any potential buyer needs only to look at these two homes around the corner to see the value. (And those are not even famous.)
hey, home buyer
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Camera-pointing admirers don’t see, of course, what’s inside 2848 Union Street. That’s where we come in! Now, there’s a lot to cover in this 5-bedroom and 4.5-bath home spanning 4,700+ square feet, so let’s get to it…
Upon entering this shingled centenarian, the wide open living space is a product of extensive remodeling completed in 2008. A newly updated kitchen features top-of-the-line appliances, European cabinetry, and cleverly hidden panels that unfold for separation from the dining area. Wide-plank pecan floors continue through the skylit foyer to a double-height sitting room at the rear of the home. The adjoining deck with filtered bay views teases what’s to come on the upper levels.
Recent data indicates — and our boots-on-the-ground observations confirm — San Francisco’s real estate market is on the mend. As of last month, the city’s Median Sales Price of Single-Family properties is up 15.2 percent year-over-year. Simply put, demand is outpacing supply. Homes like that buyers have previously skipped over are finally getting attention, and time will most likely reveal that 2848 Union Street is no exception. Run, don’t walk, to this opportunity while the getting is good.
Ready to make your move? Drop me a line.
2848 Union Street is marketed and listed exclusively by cooperating broker Sotheby’s International Realty. All listing images courtesy of SFAR MLS. Floor plan rendering sourced at 2848union.com.