Purchased for $500K in 2010 having previously sold for $633K in 2005, the former earthquake cottage at 1448 Kearny Street returned to the market last month having been renovated by its artist-owner, with whitewashed floors, raised ceilings and a new sleeping loft to make the most of its 350-ish-square-foot footprint.
Listed for $679,000, the sale of the remodeled Telegraph Hill cottage has now closed escrow with a reported contract price of $765,000 and over $2K per square foot.
The lot alone would be worth $765,000 if they could tear down and re-build up. Think they might be praying for lightning?
[Editor’s Note: Considering the neighboring building has secured the air rights and recorded a height easement for this parcel, we’re guessing not.]
Between this greatly located shoebox and this 9000sf 16th century castle in the great region of Perigord what would you choose? Now that’s what I call a staircase.
500,000€ max. Double that if it is delivered post exorcism.
And coincidentally 500,000€ is almost exactly the asking price.
I suppose I check this site far too often if even my attempts at jokes are somewhat accurate.
600 actually.
@Fronzi–Do you think the local planning department would let me AirBnB that place? It’s about the only way I could afford the grounds maintenance expense!
You have to declare yourself as a B-and-B to the local small town to be on the safe side. In any case, meet the mayor, buy him dinner, booze him up and you’ll be good to go.
The interior of this cottage has about as much charm as a college dorm room.