July 8, 2015
Taken down to the studs and remodeled in 2005 with Architect Jonathan Feldman leading the way, the modern Noe Valley home at 2 Kronquist Court sold for $2,185,000 in early 2006 and returned to the market last month listed for $2,750,000.
Yesterday, the sale of the three-bedroom, three-bath home closed escrow with a reported contract price of $3.3 million ($1,517 per square foot). That’s total appreciation of 51 percent on an apples-to-apples basis over the past nine years or roughly 4.6 percent per year.
Back in 2006, just before the market turned, the long-term average annual appreciation for homes in “bubble-proof” San Francisco measured 4.2 percent.
Articles and photos sourced from www.socketsite.com
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