After hitting the market last month for the first time in more than 60 years, a Presidio Heights home with no parking and no primary suite sold for nearly 50% over asking, a sign of just how fervent the market has become for single-family homes on the north side of town.
The four-bedroom, 2.5-bath home at 116 Cherry St. was priced at just under $3 million when it came to market Oct. 10. One hundred showing requests, 16 written offers, and two rounds of bidding later, it sold this week for $4.4 million, according to Alexander Lurie, who colisted with David Cohen, both of City Real Estate.
“It was the talk of the town,” Lurie said. “It’s so hard to find a home, let alone a home that’s under [$5 million], in that location.”…