As we wrote three weeks ago:
Designed by architect Strachan Forgan and built for himself in 2007, the 1,850-square-foot Glen Park home at 1223 Bosworth Street was featured on the American Institute of Architects (AIA) tour of homes back in 2009.
While the modern home – which is outfitted with a double height living room, a high-end kitchen and adjacent deck, two master suites, a finished two-car garage with a temperature controlled wine cellar and modern features throughout – didn’t sell after being put on the market with a $1.479 million price tag following its tour in 2009, it did sell for $2.1 million, or roughly $1,135 per square foot, in April of 2014.
And having been listed for “$1,995,000” for two weeks ago, the “modern masterpiece” is now in contract. And yes, we’re expecting a solidly “over asking!” sale.
Yesterday, the sale of 1223 Bosworth closed escrow with a reported contract price of $2.3 million, or officially “over asking!” by 15.3 percent.
On an apples-to-apples basis, call it total appreciation of 9.5 percent for the modern Glen Park home since early 2014, or an average of 2.4 percent per year if said appreciation had occurred in a straight line.