Purchased for $4 million in late 2012, the 6,500-square-foot Piedmont mansion at 636 Highland Avenue, which was built for the Ghirardelli family in the early 1900’s, at which time the East Bay estate included a lot more than a third of an acre of land, returned to the market early last year having been spruced up and listed for two million more.
Withdrawn from the market last September, the property was listed anew for $5.298 million this past May. And as of this morning, the asking price has been reduced another 6 percent to $4,980,000.
A sale at the reduced asking price of $766 per square foot would represent total appreciation of 24.5 percent for the remodeled and restored mansion over the past three and three-quarter years or roughly 6.1 percent per year.
Probably can’t move it because this is a “busy street” by Piedmont standards.
It’s a large home and too big for many. ideal for a family with 3 kids or more. The last family had 7 or 8 kids ! It’s hard to believe but since the home sits back on the property and up it’s actually quiet. We listened during a party at the community center across the street as a test.
I thought $5.298 – $4.98 = $300K less.
Also, the sellers should fire the listing agent for the ‘About Debbi [sic] section featuring as prominently as information about the house.’
“Purchased for $4 million … and listed for two million more.” > $6M – 5M = $1M less.
Except it really isn’t. The section “About Debbi” is featured after the property information.
I’ll give Open Homes Photography your input. Thx
I wouldn’t change a thing about this place. Beautiful!
Thx!
A really stunning home. Period.
Thank you ! I think my clients home is gorgeous too 🙂 Old yes, but beautiful too.
UPDATE: Ghiradelli Mansion Fetches $4.65 Million