On the face of it, someone just drove a huge bargain at 612 John in the Hill Section.
The classic manse with epic views was publicly listed for $10.500M in early June.
Whoa, that was really something. Then a buyer knocked, just 2 weeks into the listing.
Did they really get $10M+?
With the closed sale now, the answer is: Not quite. But the final deal at $9.400M is nothing to sneeze at.
First, it's an extremely impressive $4M markup over acquisition just a bit over 3 1/2 years prior (Nov. 2011) at $5.400M.
Translate that to a monthly appreciation rate: The home rose in value by $91,000/mo., averaged out over the period of this most recent hold.
There had been some remodeling/updating to the home over this span, updating the look and feel from the……