The sale went down in history as San Francisco’s largest housing deal so far this year.
The reason may be related to the various problems that Zuckerberg had with his neighbors.
Zuckerberg still owns a four-bedroom, five-bathroom property in Palo Alto, California.
Perhaps you are tired of the complaints of his neighbors, Mark Zuckerberg He sold the 700 square meter home he bought a decade ago in the exclusive neighborhood Dolores Heights, San Francisco. The property has already been acquired and At $31 millionaccording to the grant bond presented to the city on July 1.
The Real Deal, a news website specializing in commercial and residential real estate, detailed what the co-founder of Facebook He had purchased 3450 21st Street in Dolores Heights for $10 million in November 2012.
The mediator indicated that the sale was recorded in history as San Francisco’s biggest housing deal so far this yearjust $2 million less than last week’s closing of a pair of penthouses formerly owned by former Secretary of State George Shultz.
Realtor website Redfin lists the property as four-bedroom, four-bathroom measuring approximately 7,000 square feet, but 2014-2015 permits filed with the city’s Department of Building Inspection show it has undergone renovations. Add space on the first, second, and third floors, and legitimize the space on the top floor of the four-story house.
During the renovation work, Which costs about $1.8 millionA bathroom, rooftop terrace, fire sprinkler system and air conditioning were also added. Just a month ago, the property completed some outstanding foundation work.
Problems with the neighbors
There is at least one known reason why the 38-year-old businessman sold his house. The Real Deal reports that Zuckerberg annoyed his neighbors when the house was under construction, with six complaints filed with the city over issues related to dust, noise and parking.
Even after construction ended, neighbors complained in 2016 that his security team was occupying “desirable parking spaces,” according to data from SFGate.
Earlier that year, an anonymous neighbor described living next door to Zuckerberg as “stressful”. “I think we all tried to be as patient and civil as possible during Tall construction, noise, litter and blocked streetsWritten in a letter leaked to the press.
“Now that all this circus is over,” said the resident at the time, “we have two trucks left permanently, taking up parking spaces.”
According to the San Francisco Chronicles, other Silicon Valley tycoons, including entrepreneur and venture capitalist Vinod Khosla, have fueled controversy by buying and trying to privatize spaces around Bay Area projects.
Some also plan to follow Zuckerberg’s example. Scott McNeely, co-founder of Sun Microsystems, has slashed the price of his massive mansion on the Peninsula to just under $54 million in another bid to get rid of it. The property enjoys expansive views of the Northern California landscape as well as San Francisco and the East Bay
Meanwhile, Zuckerberg still owns a four-bedroom, five-bathroom property in Palo Alto, California. Additionally, he may want to spend more time with his family on the island of Kauai, Hawaii, where he owns about 1,300 acres as of late last year.
The billionaire, currently ranked No. 20 in the real-time Forbes rankings, bought two massive adjacent homes facing Lake Tahoe, on the Nevada side, in 2019.
The sale of Dolores Height was signed in 2022 by Naim Salam, vice president of operations for the Chan Zuckerberg Initiative, an organization owned by Mark Zuckerberg, and his wife Priscilla Chan.
The buyer has the name 3450 21st Street LLC, which is the home address. This LLC is headquartered in Delaware, and the paperwork for moving the home has been sent to Michael Gordon, an attorney who specializes in trusts and estate planning, according to The Real Deal.
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