Taken down to the studs in 2008 and completely rebuilt by a master carpenter/historic home developer with “no detail-expense spared,” the 4,100-square-foot, three-level Victorian at 2612 California was offered for sale at $5.895 million in February of 2016 and traded for $6.019 million that March.
Sited on an oversized lot, with high ceilings, period details, modern amenities and a high-end kitchen and great room that opens to a terraced sunny backyard, the Pacific Heights home returned to the market priced at $6.495 million this past March, a sale at which would have represented net appreciation of just 7.9 percent since March of 2016.
Reduced to $6.250 million after a month on the market and then relisted for $5.650 million in September, the resale of 2612 California Street has now closed escrow with a reported contract price of $5.100 million, representing a net 15.3 percent drop in value, below its early 2016 price, on an apples-to-apples basis.
Is it historically accurate for Victorians to have 2-SUV garages?
Nah except for “period details” like chandelier, its mostly rebuild. That side of California St does technically place the property in Pacific Heights on a realtor map. But the street can have very heavy traffic conditions making street parking impossible.
The garage is outside the footprint of the Vic…
Historically none of the lots had forebuildings. At least not in 1905….I can’t verify if they did before that. Actually, none of the houses had outbuildings of any kind, front or back: today we might call them Uber ready…