February 10, 2014
Apples-To-Apples Appreciation For A Remodeled Noe Home
Purchased as a total fixer in need of everything for $759,000 in 2009, the 2,461 square foot Noe Valley home at 913 Alvarado was rebuilt, remodeled, and resold for $1,613,000 in March of 2011 having been listed for $1,685,000 in October of 2010.
With no apparent major work having been done to the home since, the property has just been listed for $2,200,000 or $894 per square foot.
A sale at asking would represent total appreciation of 36 percent for the home over the past three years or average annual appreciation of 10.9 percent, all on an apples-to-apples versus median basis.
∙ Listing: 913 Alvarado (4/3) 2,461 sqft - $2,200,000 [913alvarado.com]
First Published: February 10, 2014 12:00 PM