A Gilded Age mansion in San Francisco has sold for $17.75 million - just over half of its original listed price.
Technology investor Jim Willenborg and his wife, Barbara Willenborg, bought the house for $3.4 million in 1998 and put it on the market for $32 million in 2023. Its last price was $26 million. The buyer's identity has not been disclosed.
Located on a hill overlooking the Golden Gate Bridge, the five-story house was built around 1900. The Willenborgs have invested over $2 million in renovations and improvements over the years.
As for the heavily discounted sale price, it can be explained by the fact that the San Francisco market has experienced ups and downs over the past 2 years. “A property is worth what the buyer is willing to pay“, experts recall.
The luxury real estate market in San Francisco is on the rise after several years of fluctuations. In October, the number of luxury home sales above $5 million jumped 44% from the same month last year, according to Compass data.
Detailed statistics on average property prices in Bulgaria by cities and neighborhoods can be found at imot.bg