Having been taken “down to the studs,” completely remodeled and expanded to a little over 2,000 square feet (with four bedrooms, four baths and a panoramic roof deck to boot), the Bernal Heights home at 478 Anderson Street sold for $2.2 million in January of 2018.
The home’s main floor features an open living/dining room, with an adjacent “chef’s kitchen” outfitted with Calacatta marble counters, Italian tile, and custom wood cabinets. And as of this morning, the “gorgeous contemporary home” is now back on the market with a “$1.995 million” price tag.
And after a month on the market, the resale of 478 Anderson Street has closed escrow with a contract price of $2.6 million. Or more precisely: $2,608,319.
Yes, that’s an exaggerated 31 percent “over asking.” But more to the point, that’s total appreciation of 18.6 percent, or roughly 13.3 percent per year, since the start of 2018, and nearly $1,300 per square foot, for the remodeled, four-bedroom Bernal Heights home.