As we wrote 22 days ago:
Having been purchased for $1,900,000 in April 2001, the three bedroom single-family home [at 2816 Laguna] is priced to attract attention at $1,995,000 in 2010 ($680 per square).
According to PropertyShark the median price per square foot for homes in 94123 peaked at $1,216 in 2007, so far it’s $964 in 2010 on an 11 percent smaller median sized sale.
As a plugged-in “eddy” commented at the time, “If I had to guess on this one I’d say $2.2.” Today, the sale of 2816 Laguna closed escrow with a reported contract price of $2,200,000 ($750 per square foot). Nice job eddy.
Call it average annual appreciation of 1.6 percent for the Cow Hollow single-family home over the past nine years with an up and down in between.
∙ Priced To Attract (Our) Attention [SocketSite]
thanks for posting this– I was wondering where it traded. 2.2mm doesn’t seem outrageous for the space given where sfh’s were going a few years ago– but I have no idea what it will look like in another couple of years.
Anyone know if this place was remodeled during that time as well?
This market is really hard to nail right now. I’d have to say that my $2.2 guess was part luck. I might have listed this home at $2.2 and I think it still would have gone into contract fast and maybe over listing. Nice pickup by the buyers; fair outcome for the sellers.