By Jonny MeehanPublished Nov 08, 2018 11:33:31In a sign of the growing popularity of local homebuyers in the US, a party for sale in the heart of the San Francisco Bay Area is selling the home of a prominent San Francisco property developer.
The Hills House party is selling three homes on the 4,600-square-foot, 1,200-square foot lot in the upscale Golden Gate Park neighborhood for $2.5 million, according to the listing on Redfin.
The property is on the market for $3.2 million.
Redfin’s listing shows that the home is located on the corner of 2nd Street and Spring Street, a walkable, three-block stretch of Spring Street.
The lot is located in a popular neighborhood in the San Gabriel Valley where houses typically sell for $600,000-$1 million.
The house is currently being marketed as the home owned by Frank A. Hill and his wife, Marisa.
Hill was a developer and real estate agent with San Francisco’s Department of Housing and Urban Development (HUD) from 1994 to 2015.
Hill had several properties in the area and sold a home to his wife in 2016, the same year that he and Marisa purchased the home for $1.3 million.
A neighbor who called the Hill house said the couple purchased it in 2019 for $250,000, the exact price they paid for it a decade earlier.
Marisa Hill told the San Jose Mercury News that Hill’s wife had previously sold the house and her son lived in the house at the time.
The Hill house is listed for $9.4 million.
The Redfin listing says it is on sale for $7.6 million.
A Hill family friend told the Mercury News the Hill family is a wealthy family with many properties in San Francisco.
Hill and his family are not related to the family of California Governor Gavin Newsom.
A spokesperson for the Hills told NBC Bay Area the family has no interest in selling.
“It’s a great story,” the spokesperson said.
“It’s an incredible story.”
Hill is the son of former San Francisco mayor Willie Hill.
He was a prominent political figure in San Jose and has been in politics for a long time, having served as the city’s mayor from 1985 to 2017.
He served as an assistant city attorney for the city of San Francisco from 1990 to 1993 and as the director of the Housing Development Agency for two years.