Designed by the late modernist architect John Thodos and built on a wooded Menlo Park lot eight years ago, the award-winning “House of Light” at 625 Hobart Street, which first hit the market in 2016 priced at $8.5 million, has sold for $5,537,500 or roughly $1,099 per square foot.
But having been reduced three times since originally hitting the market, most recently to $5.8 million, the sale of the concrete and steel frame home, which features walls and ceilings of structural glass and is finished in cedar, with Tasmanian oak flooring and African Afromosia wood cabinetry inside, is officially within 4.5 percent of asking according to all industry stats and reports.
Now there is a house you can raise your family in!
Shockingly low price. They missed the peak by a year and chased the market down, only to pay the price.
nice story, but do you think this developer missed the peak by 1 year? The house is 1 block away with a comparably sized if less private lot. Lots of other $7M+ central menlo sales, with 2018 (surprisingly) stronger than 2017
I visited the house of light twice when it was initially listed thinking I might be a buyer. Construction quality was excellent, but the house dominates a very dark lot and has a strange layout. The large center hall creates a massive division between the left and right sides and results in suprisingly small main floor rooms. I wanted to love it but my thought then and now is that I would not have paid $5.5M.
UPDATE: Modern House of Light Returns Listed for a Million More