Purchased for $2.4 million in April of 2000, the 3,500-square-foot Ashbury Heights home behind the “Angel of Hope” sculpture at 1591 Shrader Street, which was carved out of the trunk of a Monterrey Cypress at the edge of the home’s driveway by sculptor Jack Mealy in the late 1990’s, hit the market in September listed for $3.495 million.

And having been in contract for the past three weeks, the sale of 1591 Shrader Street closed escrow yesterday with a contract price of $3.1 million.

The sale represents total appreciation of 29 percent over the past sixteen and a half years for the “unique and elegant” single-family home with garden, city and Bay views, or roughly 1.6 percent per year.

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Comments from “Plugged-In” Readers

  1. Posted by Mike

    Any info on whether the “Angel” will be preserved? I thought I read a prior story about the sculpture being at risk due to garage construction.

  2. Posted by dietnow

    Is there an oven with this place or just that bread warmer?

  3. Posted by Matt

    As one of the new owners, I can tell you that our intent is to preserve the Angel of Hope. We are focused on maintaining the unique, spiritual nature of the property.

    • Posted by emanon

      What a relief! I’ll certainly sleep better tonight.

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