Listed as Project 16-693 in Bone Structure’s portfolio of buildings, the contemporary Claremont Pines home at 6226 Acacia Avenue, which sits above Oakland’s Rockridge neighborhood and overlooks the Claremont Country Club, was built with steel framing and finished in early 2017. Check out similar steel buildings for sale today at Armstrong Steel.
The main floor of the five-bedroom home, which measures a little over 4,000 square feet, features a 12-foot-high wall of sliding glass doors which open to a 40-foot deck, with a living room, family room, dining room and high-end kitchen wrapped around a central floating staircase which leads up to three en-suite bedrooms (and down to the fifth bedroom, den and deck).
Purchased for $3.1 million in April of 2017, the contemporary Claremont Pines home returned to the market listed for “$2,995,000” last month.
And the re-sale of 6226 Acacia Avenue, the driveway and two-car garage for which is actually reached via Alpine Terrace, has now closed escrow with a contract price of $3.3 million, 6.5 per cent over its second quarter of 2017 price (or 10.1 per cent “over asking”).
love everything except that glass enclosed stairway. Talk about a maintenance nightmare….
That is what the “house keeper” is for…. 🙂
Nice looking house, although I agree with curmudgeon, that glass enclosed stairway…
But the staging is horrible. Most of it doesn’t go together and doesn’t show of the place. But they got their number, so I guess it doesn’t matter
Still angry that the city will permit an AirBnB hotel at 4000 sq ft but won’t permit a duplex of any size. Shaking my head etc.
With taxes and costs of buying and selling, maintenance,
they lost money big time.
Even including the rent they would have paid over the last two years?
And subtracting the cost of capital, in terms of any debt and/or opportunity cost, to finance the $3.1 million outlay over the last two years?
My thoughts, too: assuming the seller actually lived there, (imputed) rent, maintenance and taxes – tho maybe ‘kit’ means transfer taxes – would all be normal living expenses…plus , of course, the selling price was a gross PROFIT of $200K. But oh look! my horoscope reads “pessimists abound, humour them”.
The sale price represents asset appreciation of $200K, which is NOT the same thing as “gross PROFIT” (the calculation of which would require accounting for transaction, financing and other holding costs).
Wouldn’t that be net profit? Or maybe that’s an oxymoron…I’ll offer up “gross margin” (Revenue – COGS…before accounting for SG&A). But whatever the semantics, the point I was making – of course – was that selling price was quite a bit higher than the purchase price. (Whether/not enough to cover transaction costs isn’t as clear).
It is a shame that even at the $3 million point one only gets a garage door dominant boxy snout house. They don’t even dress the car hole up at hall-just a blank wall of cheap paneling.
It has a great view, is walkable to stores, a top school…even BART. Take the $million+ you saved by not buying in SF, purchase a Ferrari – or two – park it in the driveway, and no one will be the wiser what your garage door looks like.