02/06/2012 05:42 pm ET

Matt Cain San Francisco Home For Sale: Giants Pitcher Lists Home At Loss (PHOTOS)

Uh oh. This week brings us good news for Noe Valley home buyers, but potentially bad news for Bay Area sports fans.

On Friday, Socketsite reported on a steal of a deal in Noe Valley -- the sale of a completely remodeled four-bedroom midcentury home for $1,795,000 -- that's $255,000 less than its sale price in 2008. The owner of the home: Giants ace pitcher Matt Cain.


Cain purchased the home in 2008 for $2,050,000, and first listed it for sale in September at $1,950,000. Once month later, the price dropped dramatically due to "motivated sellers." The property was pulled from the market in December, but was listed again on Friday for $1,795,000.

The home is a cool retro gem with loads of light and stellar San Francisco views. It also offers two master suites and two standard bedrooms, three stylish bathrooms, a solarium and sophisticated green appliances -- all in sun-drenched Noe Valley.

But since Cain becomes a free agent next year and the Giants have yet to offer him a long-term extension, the seemingly hurried sale is unsettling. Many critics of the Giants have argued that Cain has been undervalued for years in favor of fan-favorites. (We're pretty sure Cain has noticed that the Giants are willing to fork over $20 million a year for Tim Lincecum.) Does the listing indicate a possible trade? Or has Cain's 2012 salary ($15 million) just inspired sweeter digs? Here's hoping.

Check out the listing for 1901 Diamond Heights and preview pictures in our slideshow below: