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, returned to the market last year listed for $6 million.
Relisted anew for $5.298 million this past May and reduced to $4.98 million last month, the sale of 636 Highland has just closed escrow for $4.65 million or roughly $718 per square foot.
The sale represents total appreciation of 16.3 percent for the remodeled and restored East Bay mansion over the past three and three-quarter years or roughly 4 percent per year on an apples-to-apples basis.
1000x better than any what you get for the same price in SF.
Yes indeedy. The only real drawback to this property is the site on the closest thing they have to a busy street in Piedmont.
That part of Highland is fairly quiet though, I think….it’s the segment b/w Oakland and Moraga that sees the traffic….And you have a park across the street.
Or, perhaps, a Chocolate Bars-to-Chocolate Bars basis.
🙂
The house that chocolate built
It’s got some heavy features I don’t usually go for, but I like that kitchen.
Nice crib. Ditch the brick walkway and stairs, replace with stone or classy textured concrete to update the look a bit. Nothing says “dowdy” like unmitigated red brick.