Presidio Heights mansion nabs $3M above asking, overbid trend hits new high

Neal Ward of Compass and 120 Cherry Street in Presidio Heights, San Francisco (Compass, Google Maps)A Presidio Heights mansion has closed for $17.2 million — more than $3 million over its list price. The deal for 120 Cherry Street, which closed Thursday, shook out to about $2,780 per square foot, placing it well above the luxury neighborhood’s three-month sale price median of $1,970 per square foot, per Redfin data. Neal Allen Ward of Compass held the listing for the five-bedroom, 6,174-square-f