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Hillsborough: Best Deal in Town?

You'll feel like you've escaped to a picturesque Sonoma County hilltop... ensconced in your private country mansion..just soaking in the sun....but you're actually at 15 Jewell Place, a rarely heard of Hillsborough cul-de-sac tucked off of San Raymundo near Robin Road. This brand new approx. 6,000 sq. ft. home built by Thorenfeldt Construction has now been reduced to $3,998,000. This home was originally listed in December 2008 at $5,388,000. At that time, the market was in a deep chasm...a low point that hadn't yet bottomed. The listing endured subsequent price drops of $4,950,000-$4,795,000-$4,750,000-$4,650,000-$4,495,000-$4,295,000-$4,250,000...finally...to its current resting place at $3,998,000. To put the value of this current list price in perspective, Burlingame has posted two $3,000,000+ sales this year, and neither of those eclipsed 5,000 sq. Thus, the home at 15 Jewell Place now represents a unique value. Some of the standout features: gated hilltop perch with total privacy and streaming light....the pictured TITANIC kitchen/family great room (think the size of a small country...or: "honey, I'm doin' a pool table or two")....and flat open lawns. But the buyer of this home most likely will first be attracted by the exclusive tucked-away cul-de-sac setting overlooking lush mountainous greenbelt...a slice of Sonoma with an alpine flair in North Hillsborough.

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