Warriors coach Steve Kerr buys a home in San Francisco in hefty overbid

As the Golden State Warriors prepare to move to the new Chase Center in San Francisco for the 2019–2020 season, the team's head coach Steve Kerr is moving across the Bay. As the Golden State Warriors prepare to move to the new Chase Center in San Francisco for the 2019–2020 season, the team's head coach Steve Kerr is moving across the Bay. Photo: Ethan Miller / Getty Images Photo: Ethan Miller / Getty Images Image 1 of / 24 Caption Close Warriors coach Steve Kerr buys a home in San Francisco in hefty overbid 1 / 24 Back to Gallery

As the Golden State Warriors prepare to move to the new Chase Center in San Francisco for the 2019–2020 season, the team's head coach Steve Kerr is moving across the Bay.

Kerr and his wife, Margot, bought a 4,000-square-foot home in Presidio Heights in May for $7.35 million, according to public record.

The Kerrs paid $1.55 million over asking—26 percent above the original listing price of $5.8 million. The sale marks one of the highest dollar amounts paid in an overbid in the city in 2018.

Kerr joked about the purchase during the playoffs when he said, "I bought a house in San Francisco and I'm going to have to coach another 20 years to afford it."

The 1920s charmer has three and a half bedrooms and three bathrooms spread across three floors. The home was built in 1927 and the original details have been lovingly preserved. There are hardwood floors throughout, arched doorways and lots of beautiful millwork.

The former owner was the Patricia Christina Hellman Trust, public records reveal. "Chris" Hellman, a ballerina and philanthropist, died at 83 on Feb. 5, 2017. Hellman was the wife of the late investment banker and bluegrass benefactor Warren Hellman.

Overbidding in San Francisco: Many buyers pay more for a house than the listing price

In the San Francisco real estate market it's common for buyers to pay more than asking price for a property. This year, about 81 percent of the houses in San Francisco have been selling over asking price, says Patrick Carlisle, the chief marketing analyst at Compass Real Estate.

A pristine historic Victorian on Alta Plaza Park in Pacific Heights sold for $1.6 million over the asking price after being on the market for only nine days in May.

The five-bedroom beauty at 2219 Scott St., dating back to the 1880s, was listed for $7.99 million and sold for $9.6 million (20 percent over the listed price) on May 5.

A fixer in a prime Cow Hollow location at 2739 Broderick St. with Golden Gate Bridge views sold for $1.54 million over asking in January, 34 percent above the listing price.