As we outlined last year, the roughly 6,000-square-foot home at 22 Toledo Court, which sits on nearly an acre of land “in the heart of Lafayette’s sought–after Happy Valley,” was designed by Alan Page and features “elite craftsmanship, state-of-the-art technology, elegant lines and quality finishes throughout,” with an infinity-edge pool, outdoor fireplace and a covered loggia adjacent to its outdoor kitchen with a built-in barbeque, refrigerator and views of the surrounding hills.
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Listed as a “once in a lifetime opportunity,” with a $6.595 million price tag in the second quarter of 2017, the brand new 5-bedroom home sold for $6.3 million that June.
Having returned to the market priced at $6.195 million in the second quarter of last year, the home ended up re-selling for $5.525 million last November, down 12.3 percent ($775,000) on an apples-to-apples basis while the “median sale price” in Lafayette was up.
And having suddenly returned to the market priced at $5.495 million this past June, the re-re-sale of 22 Toledo Court has just closed escrow with a contract price of $5.1 million, down another 7.2 percent over the past nine months on an apples-to-apples basis and down a total of 19.0 percent since the second quarter of 2017.