June 28, 2007
Berkeley: Price No Object On This House
The highest selling house last week in Berkeley was 2934 Avalon Avenue (above) for which someone forked out $4,050,000. The astonishing fact about that is that it went for a staggering 40% above its asking price of $2,895,000.
The 1907 home, in a very desirable part of south Berkeley, is big — 6 bedrooms — and ranges over 4,537 sq ft which means the new owner paid $893 per sq ft. Steep for Berkeley, and most other parts of the Bay Area, too.
When I reviewed the home on April 27 I said it reminded me of a luxury hotel but needed a new kitchen. Something tells me the spare cash won’t be lacking to take on that task.
