Jia Xu Of J West Investments Inc Acquires Villa De Verano In Hillsborough For $70M

A single-family estate located at 3000 Ralston Avenue in Hillsborough, California, has been sold for $70 million. The property spans 12.33 acres and features a total of 12,404 square feet, resulting in a price per square foot of $5,643. This sale marks the highest-priced residential transaction in Northern California for the year.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $70,000,000
• Address: 3000 Ralston Avenue
• Market: Hillsborough, CA
• Asset Size in Acres: 12.33
• Square Footage: 12,404
• Price Per Square Foot: $5,643
• Buyer's Representative: Jia Xu - J West Investments Inc
• Seller's Representative: Jennifer Gilson - Golden Gate Sotheby's International Realty

In this record-setting transaction, Jia Xu represented the buyer, while Jennifer Gilson represented the seller, facilitating the sale of this significant estate. The property's notable features and historic sale price highlight the ongoing trends in the luxury real estate market.