In 2006 the “Vintage Cow Hollow Edwardian” in need of some “TLC” at 3025 Scott Street was purchased for $2,750,000 by its uphill neighbor(s) in what would appear to have been a strategic bid to protect views.
Four years later, and with an easement aimed at restricting any increases in height newly attached, the property returned to the market listed for $2,100,000. Failing to sell in 2010, the property was relisted for $1,900,000 with “one day” on the market in January.
Thirteen days ago the sale of the 2,557 square foot Cow Hollow fixer officially closed escrow with a just now reported contract price of $1,800,000 ($704 per square foot). Call it a little over a million dollars spent to protect a few million dollar views and a 35 percent ($950,000) drop in value for the property.
∙ A Vintage Mini-Vertical For The Cow Hollow Fixer At 3025 Scott [SocketSite]