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26December 2014

Lower South Fixer Upper Goes $270K Over Ask

Geoffrey C. Nelson

5 Laureldale Road, at the corner of Bridge Road, has just closed for $3,250,000, impressively above its $2,980,000 list price with just one week on the market. Lower South Hillsborough real estate for sale is always a hot commodity, but with our recent acclerated market, diamonds in the rough like this are even more rare and sought-after. The home was approx. 3210 sq. ft. on a sub-half-acre 17,000+ corner lot. Cosmetics all needed updating. In fact, the home's awkward and dated layout may be more reflective of a land value, or "down to the studs" renovation project at this premier location.

Anything under $3,000,000 in this neighborhood will surely be scarce in the 2015 Spring Hillsborough real estate market. Lower South Hillsborough encompasses some of the Town's most prestigious and coveted addresses such as West Santa Inez, Roblar, Bridge Road, Roehampton, FallenLeaf, Uplands, and Rockridge among others.

Senior Partner, Luxury Real Estate Group
Agent No. 01313666
1290 Howard Ave, Suite 201 , Burlingame , CA 94010
Phone: (650) 455-3735
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