Purchased for $2,177,000 in April 2006 but significantly expanded and remodeled by architect Jonathan Feldman and interior designer Joseph Oroza since (including adding a new bathroom, turning outdoor space in, and remodeling the kitchen and dining), the now 3,106 square foot designer home with big glass doors and some big city views at 55 Buena Vista Terrace returned to the market in September 2008 asking $3,395,000.
Withdrawn from the market in November 2008 but then relisted anew in January 2009 asking $2,995,000, the list price for the designer home was reduced to $2,695,000 that February and then $2,595,000 that April before being withdrawn again that June.
Listed anew once again this past September with an “original” list price of $2,295,000 (and an official one day on the market per aggregate industry reports), as a plugged-in reader notes, yesterday the list price for 55 Buena Vista Terrace was reduced to $2,100,000.
The resale of 55 Buena Vista Terrace closed escrow yesterday with a reported contract price of $2,100,000. As a plugged-in reader noted last month, MLS based statistics will reflect a $77,000 (4%) drop in value versus 2006 for this data point and miss a few hundred thousand dollars invested in between.
∙ 55 Buena Vista Terrace Back Below Its 2006 Pre-Renovated Price [SocketSite]
∙ Big Swinging…Doors (And Here Comes The Competition) [SocketSite]
∙ Riders On The Storm (The Doors Of 55 Buena Vista Terrace Reduced) [SocketSite]
∙ From Easy Profit To Likely Loss For 55 Buena Vista Terrace [SocketSite]