Listed for $3.995 million in February, the asking price for the fully-remodeled Ashbury Heights home at 908 Ashbury was reduced to $3.595 million after three weeks on the market and the sale has now closed escrow with a reported contract price of $3.4 million.
Purchased for $2.75 million in 2010, following the remodeling of the home’s master bath and its top floor which now includes a family/media room that plugged-in people might recognize, the apples-to-apples re-sale represent average annual appreciation of 4.6 percent for the home since August 2010, or total appreciation of 24 percent over the same period of time.
Interesting.