The “High-Tech Noe Home” at 525 28th Street hit the market as new for $3.6 million in June of 2014 and sold for $3.65 million that July.
Designed by EE Weiss Architects, an elevator runs from the two-car garage to the top floor of the four-story, four-bedroom home, with a floating wood and glass staircase that runs through a retractable sky-light to reach the roof deck with big views of the valley (and yard) below.
The 3,551-square-foot home returned to the market in May of 2017 listed for $3.995 million and sold for $4.6 million in two weeks time, representing apples-to-apples appreciation of 26 percent, or roughly 8.5 percent per year, on the short-term hold.
And today, 525 28th Street is back on the market with a $4.695 million price tag, a sale at which would represent total appreciation of 2.1 percent, or roughly 1.5 percent per year, for the “contemporary residence that combines stunning architecture and state-of-the-art technology to create a luxurious and warm home like no other,” since the middle of 2017.
And as referenced by a plugged-in reader this morning, the resale of 525 28th Street has now closed escrow with a contract price of $4.2 million, down 8.7 percent since mid-2017, or roughly 5.0 percent per year, on an apples-to-apples basis (but up since 2014!).