A Russian Hill home once owned by Giants minority co-owner and Sterling Bank and Trust founder Scott Seligman closed for $9.8 million this week.
Related California COO Nicholas Vanderboom bought the home, records show.
Seligman transferred ownership of the home to Carol Seligman, his ex-wife, in 2015. Carol was the seller in the deal.
Avenue 8 agents Hanne Vastveit and Justin Fichelson, who starred in the short-lived San Francisco version of Bravo’s hit Million Dollar Listing, listed the property in February for $10.5 million.
The turn-of-the-century property is on a brick–paved cul-de-sac along a dead-end section of Larkin Street, across from the old Francisco Reservoir, which will reopen as a highly anticipated new city park at the end of this month. The four-bedroom, seven-bathroom main home also has an Arts and Crafts-inspired studio at the rear of the yard, behind its limestone patio.
There is a similarly styled library in the main house, complete with stained glass ceiling, dark wood paneled walls, a fireplace, built-in seating and San Francisco Bay and Golden Gate Bridge views. The remodeled kitchen on the main entertaining floor has a similar outlook, as does the primary suite one flight up, which has two walk-in closets and two bathrooms.
Seligman bought the property for $2.2 million in 1999, according to public records. Earlier that decade he was part of an ownership group that purchased the Giants from longtime owner Bob Lurie to stop the team from moving to Florida.
He comes from a Detroit real-estate family and in the 1980s founded Sterling, which made headlines last year when a former executive pleaded guilty to bank and wire fraud conspiracy. Seligman was implicated in the conspiracy but has not been charged, according to the Detroit News. Around the same time, Seligman also started a special purpose acquisition company with former NBA player Shane Battier and raised $200 million in an IPO to acquire technology businesses related to real estate, according to Sportico.
A previous version of this story said Scott Seligman was the seller. Carol Seligman sold the property.
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