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.

4 thoughts on “Apples-to-Apples for a Masterfully Rebuilt Victorian”
    1. 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.

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