636 Highland Avenue

Purchased for $4 million in late 2012, the 6,500-square-foot Piedmont mansion at 636 Highland Avenue, which was built for the Ghirardelli family in the early 1900’s, returned to the market last year listed for $6 million.

Relisted anew for $5.298 million this past May and reduced to $4.98 million last month, the sale of 636 Highland has just closed escrow for $4.65 million or roughly $718 per square foot.

The sale represents total appreciation of 16.3 percent for the remodeled and restored East Bay mansion over the past three and three-quarter years or roughly 4 percent per year on an apples-to-apples basis.

Comments from Plugged-In Readers

  1. Posted by woolie

    1000x better than any what you get for the same price in SF.

    • Posted by jwb

      Yes indeedy. The only real drawback to this property is the site on the closest thing they have to a busy street in Piedmont.

      • Posted by Notcom

        That part of Highland is fairly quiet though, I think….it’s the segment b/w Oakland and Moraga that sees the traffic….And you have a park across the street.

  2. Posted by Notcom

    Or, perhaps, a Chocolate Bars-to-Chocolate Bars basis.
    🙂

  3. Posted by Patrick

    The house that chocolate built

  4. Posted by ess

    It’s got some heavy features I don’t usually go for, but I like that kitchen.

  5. Posted by Some Guy

    Nice crib. Ditch the brick walkway and stairs, replace with stone or classy textured concrete to update the look a bit. Nothing says “dowdy” like unmitigated red brick.

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