November 26, 2012
Eureka (Valley): Measuring The Market Apples-To-Apples Style
Built as a three-unit Mid-Century building, 350 Collingwood was legally expanded and converted into a 5,246 square foot single-family home circa 2003. In 2005, the renovated home sold for $3,595,000 with four bedrooms across two levels and a two car garage below, an elevator, and a rather cherry kitchen on the top floor. The adjacent landscaped lot at 342 Collingwood (the "Grounds") fetched another $1,000,000, for a total purchase price of $4,595,000.
Having returned to the market listed for $4,750,000, the sale of 350 Collingwood and the gorunds closed escrow last week with a reported contract price of $4,575,000, just below its 2005 price on an apples-to-apples basis for the Eureka Valley home.
First Published: November 26, 2012 7:30 AM
Comments from "Plugged In" Readers
Not surprising that it sold below its 2005 price. the majority of SFRs in the city are selling around the 2004 prices. Should get back up to 2005 prices by end of 2013, pending unforeseen problems
Posted by: spencer at November 26, 2012 5:34 PM
I hope that there's another sink on the other side of that range, otherwise that's a pretty large (and obstructed) triangle in the kitchen for whomever is doing the cooking.
Posted by: sfjhawk at November 27, 2012 6:54 AM
Triangle? What triangle?
Posted by: NoeLocal at December 5, 2012 10:25 AM
And it's back at $4,595,000
Posted by: R at June 4, 2013 1:53 PM