Didn’t buy Tommy Chong’s West Vancouver home last year?
Well, that’s a bummer.
The stoner hero’s still unsold 4488 Ross Crescent residence has just increased in value.
By how much?
The 2022 assessment of the two-storey-with-basement home went up by $1,222,000 over the previous year.
B.C. Assessment placed the current value of Chong’s residence at $5,480,000.
That’s 28.6 percent higher than the home’s 2021 assessment of $4,258,000.
As the Straight reported last year, the title for the West Vancouver property was registered in 1979.
The title was registered to Chong, whose full name is Thomas B. Kin Chong, described as a writer, actor, and producer.
Also on the title is Chong’s wife, Sharon Adelle Fiddis, who was referred to as an artist, designer, and student.
A year before the title transfer, Chong and Richard “Cheech” Marin released their now cult classic 1978 stoner-buddy movie Up in Smoke.
The listing for 4488 Ross Crescent leverages the name of its famous owner.
“Current owner Tommy Chong, of the famous Cheech & Chong duo, knows it is a magical place and ready for the next family to create a lifetime of memories,” the listing declares.
Chong has been trying to sell the West Vancouver property for some time.
The home was listed on November 14, 2019 for $6,999,000.
The listing was terminated on February 4, 2021 at a reduced price of $6,499,000.
Then the property came back on the market three more times.
The last listing was on August 6, 2021 for $5,499,000.
Chong’s home remains unsold at the said price, which is just a little bit higher than its 2022 assessment of $5,480,000.
For buyers with a few coins to spare, this might be a good deal.