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February 23, 2010

Alamo Square Painted Lady Gets a Price Chop

850steiner

It doesn’t have the cache of its neighbor one block up at 722 Steiner, but 850 Steiner is a 3BR/2.5BA “gracious grand dame with potential” that’s just become more affordable.

First listed in October 2009 for $1,850,000, 850 Steiner’s price was reduced to $1,749,000 for the holidays, but Santa didn’t bring a buyer. The seller has just reduced the price significantly to $1,495,000. The kitchen and bathrooms could use some work, but at this price, such expenses may make sense. The seller is only the third owner in the house’s history, which is kind of nice. These properties don’t turn over often.

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