Nobody wanted to buy this controversially remodeled San Francisco Victorian and now it's back with a $3.5 million price cut - see inside
- A newly-renovated San Francisco Victorian is on the market for $8.5 million.
- Last year the house was selling for just over $12 million and has since seen an almost $3.5 million price cut.
- The inside of the home in the Castro District is completely updated and modern.
- Visit Business Insider's homepage for more stories.
A Victorian in San Francisco's Castro District looks like a dream, but buyers weren't interested at the price the seller was asking.
It was purchased in 2014 for a $1.5 million, and underwent a total renovation, Curbed reported. It first went back on the market a year ago, asking $11.85 million, but when no buyers came along, it quietly left the market, only to come back with an $8.5 million price tag.
The remodel has been a source of controversy. Requests submitted to the city's Discretionary Review Board suggested that the renovation plan submitting to the zoning board misrepresented some aspects of the renovation, and failed to correctly portray the current structure of the home in 2014, according to local real estate media.
The San Francisco Planning Department found 13 charges against the developer that were not permitted, including a garage door and pedestrian gate, and adding a bay window at the basement level. In December, commissioners forgave the renovations, but the developers were required to change the gable window back to its original size.
The home is listed with Frank Nolan of Vanguard Properties.
See inside here.