Angel of Hope Home Fetches $3.1 Million
November 30, 2016
Purchased for $2.4 million in April of 2000, the 3,500-square-foot Ashbury Heights home behind the “Angel of Hope” sculpture at 1591 Shrader Street, which was carved out of the trunk of a Monterrey Cypress at the edge of the home’s driveway by sculptor Jack Mealy in the late 1990’s, hit the market in September listed for $3.495 million.
And having been in contract for the past three weeks, the sale of 1591 Shrader Street closed escrow yesterday with a contract price of $3.1 million.
The sale represents total appreciation of 29 percent over the past sixteen and a half years for the “unique and elegant” single-family home with garden, city and Bay views, or roughly 1.6 percent per year.
Comments from Plugged-In Readers
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Any info on whether the “Angel” will be preserved? I thought I read a prior story about the sculpture being at risk due to garage construction.
Is there an oven with this place or just that bread warmer?
there’s a viking under the hood
As one of the new owners, I can tell you that our intent is to preserve the Angel of Hope. We are focused on maintaining the unique, spiritual nature of the property.
What a relief! I’ll certainly sleep better tonight.