San Francisco luxury home sells for record $10 million over asking

A mansion on San Francisco’s Presidio Wall has sold for $28.5 million — $10 million more than its asking price, setting a city record for the largest dollar amount a home has fetched above its list price.

The eight-bedroom, seven-bathroom home at 20 Cherry St. closed Oct. 22 after being listed for $18.5 million on Oct. 2, according to real estate records cited by the Business Times.

The sale represents a roughly 54% premium over the asking price.

The buyer has not been publicly identified. Nina Hatvany of Compass represented the buyer…

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