Inside one of San Francisco's iconic Painted Ladies homes that's a 'fixer-upper' and on sale for $2.75 million
The home at 714 Steiner was built in the late 1800s. This is the first time that the home, painted in a deep yellow with pink-red trim, has been listed on the market in decades.
When people think of San Francisco architecture, this is what comes to mind. The ornate detailing, the colorful facades, and the pointed roofs are all indicative of that quintessential Victorian charm.
The satisfyingly staggered row of seven homes has many names. The Painted Ladies may be the most well-known moniker, named after a 1978 book about the city's many Victorian and Edwardian-style homes.
Source: SF Curbed
It's also been called Postcard Row — the septuplet of houses show up on city postcards and other paraphernalia in almost any gift shop you stumble into. Another name used for the homes is Seven Sisters, the oldest of which is the blue home to the far left on the corner.
Source: Business Insider
The homes sprung into the global consciousness in part through their appearance in the sitcom "Full House," which first aired in the late 1980s.
Since then, the homes have become one of the most popular tourist attractions in the city, right up there with the Golden Gate Bridge and the Transamerica Pyramid Building.
That tourist attraction is something the future owners of the home at 714 Steiner are going to have to keep in mind.
It's fairly rare for one of the seven Painted Ladies to land on the market — two were listed in the 2010s, including one in 2014 that sold for $3.1 million.
Source: SF Curbed
And Rushton said despite its famous status, it's definitely a fixer-upper.
It needs a full restoration, including the replacement of plumbing and electrical wiring.
It also needs a full remodeling of the kitchen and bathrooms.
A fixer-upper selling for $2.75 million may sound unreasonable to some, but keep in mind that the San Francisco real estate market is not typical.
There's a high demand for housing within a city with limited stock, making it more competitive to buy a home and driving prices up as a result.
The demand for housing is so high that homes dubbed as fixer-uppers land on the market all the time with multimillion-dollar price tags.
Source: Business Insider, Business Insider
Tack on the fact that this fixer-upper, in particular, is one of the most iconic historic homes in the city and the property likely won't sit idly on the market for long.
There are technically two units in the home. It used to be a single-family home before becoming two separate units in the 1960s, Rushton said.
Photos show two different kitchens and multiple rooms that could be used as bedrooms in the house.
There are also photos of at least two full bathrooms, both of which need quite a lot of work.
One of the bathrooms is outfitted with panels of mirrors and delicate towel rings bedecked in gold-colored mermaid figurines.
Throughout the rest of the house, photos show paint peeling, dusty windows, discolored tiles, and grimy walls and window frames.
But two trios of those beautiful big bay windows facing the park are there. There's an alcove of windows on the second story ...
... and one on the first story.
There's also the crown molding, the antique fireplaces ...
... and the uniquely pentagonal shaped rooms. This is the top-floor space.
The room's occupants would get that sweeping view of the park.
And downtown San Francisco can be seen from the backyard patio.
Rushton said he wouldn't be surprised if the home sells for more than its asking price of $2.75 million.
The selection of real estate in San Francisco is tight, and buyers with the means to purchase property often pay above the listing price, and in cash.
Source: CBS San Francisco
He said the buyer will likely be someone who stumbles across an opportunity to own an iconic piece of San Francisco history.
Another thing that Rushton said wouldn't surprise him would be if the future owners make this house their secondary home.
It's a common trend among some deep-pocketed Bay Area homeowners that use the city's properties as their pied-à-terre.
Source: San Francisco Business Times
Facades in San Francisco are highly regulated, so Rushton said any work that the future owners wish to do on the exterior would likely be limited.
He said that as far as he's aware, they would be able to update the paint job with any color they want. If that's the case, fingers crossed they opt for a bright shade that matches its neighbors.
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