The Property Was Sold at $15.75 Million

The Property Was Sold at $15.75 Million

For a long time, some of the prestigious prehistoric buildings have remained abandoned and vacant. They have been in the market for a long time but due to some factors, people are not willing to have them in their possession and no one knows why. The Property at 3800 Washington St, San Francisco is one of those abandoned versatile mansions that have remained longer than any living being can remember. This article will focus on 3800 Washington St, San Francisco property and the info revolving around them

After several decades, the last of the Property at 3800 Washington St, San Francisco has been sold out. This mansion is lustrous and its sale has brought to an end the strange dramas in the history of San Francisco. The mansion sits on 20,500 square foot with 11- bath and 14- bed. It has stood on that soil since 1902 and the listed measurements are inclusive of even the guest house. Lastly, the property was sold at $15.75 million which is $2 million less than its 2007 market price of $18 million. If you consider the inflation, this loss would amount to $4 million which is just a small figure compared to the long weird history associated with this mansion.

This mansion has been a registered national landmark recognized by everyone and its sale hiked up to $25 million in the year 2012. However, since then, the price has been said to have dropped to $12.5 million in an effort to find a willing buyer. This drop in price was just a cover-up for the weird history of the mansion. It was also aimed at luring more customers who would offer more money in the long run. For those who know the history of the mansion, they will tell you that this house represents the tribulations that the founder of CNET, Mr Halsey and the owner of the mansion at one time. It cites his loss of legal battles against various individuals like Christie and Sotheby.

This historic property has seen very tempting times over years. After Halsey, there was a local squatter who went around selling every portable item in the house. He had just turned this long surviving mansion into his personal mansion. In the year 2014, when the mansion was being offered at around $18, it is rumoured that Taylor Swift had shown interest in purchasing it but the details of what happened later were never captured in the rumour. The way the history of this long living mansion could be preserved has been very challenging.

Regardless of the constant tribulations that the house went through in the times of property purgatory, the house has stood for so many years depicting its 18th-century chateau Versailles model of Louis XV. With its falling ceiling that led to a decline of millions in its price listing, the property remained as one of the most enthralling assets. Regardless, it was still one of the most expensive properties that the city could offer.

This house is also named after its original owner Marcus Koshland hence referred to as Koshland House. The owner is known to have been trading in wool making his fortune out of it. If you would look at how prestigious the house is, you can tell how much the wool used to cost back then and how much wool Marcus sold to raise enough money to erect such a prestigious building in the city. Some say that the sale of wool was just a cover-up for other side businesses but this is what is known and documented. The history of this old building will continue but it is finally enjoying a happy ending. What happens next lies in the hands of the saints who had enough courage to purchase it after all that long.

What stands to be a country’s history should be preserved at all cost. The architectural designs and the history of our country stands at the glimpse of being lost forever. What are we doing to ensure that this does not happen? The property at 3800 Washington St, San Francisco, is one of those pre-existing landmarks that should be left to remain for as long as possible. It has been a relief after this property was rescued from destruction and sold out after so many years.

Read more : Property at 3800 Washington St, San Francisco