CFAH

2374 Greenwich Street

Purchased as a vacant 3,200-square-foot duplex for $1.7 million in 2012, the Cow Hollow property at 2374-2376 Greenwich Street returned to the market in early 2013 having been gutted, expanded and reconfigured as a four-bedroom home with an “in-law” for $4.75 million.  And it sold for $4.05 million that August (2013).

Listed for $4.25 million in October of last year (2014), the sale closed escrow seven days later for $4,999,500, saving the seller an incremental $62,500 in transfer tax which would have been due had the sale price been recorded at an even $5 million.

Twelve months later (i.e., three weeks ago), the property was listed for $5.495 million with 4,245 square feet of finished space, not including the newly outfitted roof deck.

2374 Greenwich Street Roof Deck

And this past Monday, the sale of 2374 Greenwich Street closed escrow with a reported contract price of $5.995 million, up 20 percent on an apples-to-apples basis over the past year and 48 percent higher over the past two.

Comments from Plugged-In Readers

  1. Posted by sethgreen

    “first we kill all the cheesy developers” – w. shakespeare

  2. Posted by AnonArch

    Is Cow Hollow the most expensive neighborhood on a psf basis right now? I’m definitely getting old for I can remember when homes this close to Lombard were very difficult to sell.

  3. Posted by BobN

    It was very considerate of the stagers to demonstrate that going with classic furniture in a home with all those modern features just wasn’t an option.

Comments are closed.

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