As we wrote last month with respect to the remodeled single-family home at 1948 Sutter:
Having been renovated and expanded in 2004, the now 2,980 square foot Victorian “on the vibrant Fillmore Corridor” at 1948 Sutter Street sold for $2,405,000 in 2006.
Despite the closing of Café Kati, we’d argue the aforementioned corridor has improved over the past five years, but we’ll still call it apples-to-apples to be for the big white house which is back on the market and asking $2,195,000, nine percent below its 2006 sale.
Today, the sale of 1948 Sutter Street closed escrow with a reported contract price of $2,245,000. Call it another “over asking” sale according to industry stats, but 6.6 percent ($160,000) below the price at which it sold in 2006.
As a couple of plugged-in readers referenced, the sellers of 1948 Sutter Street have moved from one “sweet” house to another up the hill. And yes, the space which Café Kati vacated has since reopened as Roostertail.
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