Completely remodeled by Zack | de Vito Architecture in 2016, the “spectacular Noe Valley home” at 725 Duncan Street, which features “stunning Downtown, Bay, and Bridge views, paired with dramatic modern architecture and design,” sold for $4.1 million in January of 2017.
The modern 3,200-square-foot home was then further upgraded, with the addition of a custom designed gas fireplace in living room, a designer staircase and railings, high-end wood panels in the kitchen and a whole host of other functional (closet) and cosmetic (landscaping and tile) additions.
And in June of 2018, the upgraded home returned to the market listed for $4.25 million and re-sold for $4.1 million, representing total appreciation of 0.0 percent since January of 2017 (not accounting for the six-figure cost of the aforementioned upgrades and despite the fact that the “median sale price” in San Francisco was “up 29.7 percent!” overt the same period of time).
Last month, 725 Duncan Street returned to the market anew, priced at $4.295 million, a sale at which would have represented total appreciation of 4.7 percent since the fourth quarter of 2018 / first quarter of 2017.
And the re-sale of the move-in ready, four-bedroom Noe Valley home, which is “warmed by luxury design elements” and features a “seamless indoor/outdoor flow,” has now closed escrow with a contract price of $4.15 million, representing total appreciation of 1.2 percent since the fourth quarter of 2018 / first quarter of 2017 on an apples-to-apples basis.
At the same time, the Case-Shiller index for Bay Area single-family home values has increased 21.5 percent since January of 2017, including a 5.5 percent bump from November of 2018 through August of this year.