As we wrote about the sale of the modern Noe home at 465 Hoffman in February 2011:
Call it $633 per listed square foot and a four percent ($120,000) drop in value over the past eleven months for the “exceptional showcase home architecturally designed & methodically built with gorgeous views!”
The modern 4,500 square foot home is now back on the market and listed for $3,795,000.
A sale at asking would represent average annual appreciation of 10 percent over the past three years on an apples-to-apples basis. If you think you know Noe, it’s time to tell.
∙ Listing: 465 Hoffman (4/4.5) 4,500 sqft – $3,795,000 [465hoffman.com]