The sale of 49 Hill closed escrow yesterday with a reported contract price of $2,500,000.
While not perfectly apples-to-apples as the curb appeal has improved, the real remodeling occurred prior to its purchase for $2,000,000 in 2004 so let’s call it average annual appreciation of 3.5% for the renovated single-family home over the past six years.
∙ Comments: A Previously Remodeled (And Since Repainted) 49 Hill Returns [SocketSite]