September 5, 2013
A Redevelopment Home Run (With An Asterisk)
Purchased for $1,635,000 in January of 2012 with two vacant units, an occupied in-law (which was leased for $500 per month), and one parking spot, the Cow Hollow building at 2827 Greenwich Street returned to the market in May having been redeveloped as a "single-family home" with five bedrooms, four and one-half baths, and two parking spaces on the ground floor.
Listed for $5,945,000, the sale of 2827 Greenwich closed escrow yesterday with a reported contract price of $5,700,000.
While a dwelling unit merger wasn't approved for the redevelopment of the property, the "au pair/ guest suite and separate kitchenette" on the ground floor appears to have passed inspection as a separate unit but has since been merged for all intents and purposes.
First Published: September 5, 2013 11:00 AM
Comments from "Plugged In" Readers
This is a grand slam.
Posted by: ok at September 6, 2013 9:41 AM
Why would anyone pay $5M to live in Cow Hollow? Bizarre.
Posted by: NoeValleyJim at September 8, 2013 11:56 PM