226 Crocker Ave Daly City, CA 94014
226 Crocker Ave Daly City, CA 94014
Price: $399,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 1,690 |
| $/Sq. Ft.: | $236 |
| Lot Size: | - |
| Property Type: | Single-Family Home |
| Style: | Victorian |
| Year Built: | 1907 |
Last sale: Bank repo for $454,750
Peak sale: 5/24/2006 for $740,000
Loss if sold for asking: $341,000 from peak price
Remember this horror show of a house? Well, this one isn’t that bad, but the bank must have hired someone who just really couldn’t care less about selling this house to take the pictures. It looks like it’s been squatted in. Here are some piles of trash:
Finally the requisite scary backyard:
154 ALTA VISTA Way Daly City, CA 94014 – Delusional Sellers
154 ALTA VISTA Way Daly City, CA 94014
Price: $850,000
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 1,350 |
| $/Sq. Ft.: | $630 |
| Lot Size: | 8,877 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Traditional |
| Stories: | 2 |
| View: | Bay, Neighborhood, Ocean, City Lights |
| Year Built: | 1964 |
Last sale:
| Jun 24, 2003 | Sold | $600,000 |
So this home isn’t exactly listing for under its last sale price, but its listing history is quite funny. According to Redfin it has been listed at least 8 times since May 24th 2006. That’s right everyone, these sellers have been trying to sell for almost three years. They must have priced it at over a million during 2006 and 2007 because it should have sold fairly easily then. Now they are still going for $850,000, which is 50% above all the comparables. All I can say is good luck.
205 Peoria St Daly City, CA 94014
205 Peoria St Daly City, CA 94014
Price: $280,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 750 |
| $/Sq. Ft.: | $373 |
| Lot Size: | - |
| Property Type: | Single-Family Home |
| Style: | Bungalow |
| Year Built: | 1917 |
Last sales:
Nov 18, 2008 Sold $410,000 -12.4%/yr Public Records
Oct 27, 2005 Sold $615,000 33.4%/yr Public Records
Jul 30, 2004 Sold $430,000 16.1%/yr Public Records
Dec 03, 2001 Sold $289,000 6.5%/yr Public Records
Here is another home that’s cheaper than 2001 and more than 50% off its peak. It looks like quite a fixer, and it is still priced above the median price per square foot of Daly City. This is probably not a surprise but it was also financed 100% by loans in 2005.
4 PENHURST Ave Daly City, CA 94015
4 PENHURST Ave Daly City, CA 94015
Price: $549,000
| Beds: | 5 |
| Baths: | 3 |
| Sq. Ft.: | 2,940 |
| $/Sq. Ft.: | $187 |
| Lot Size: | 4,408 Sq. Ft. |
Last sale:
| Jul 25, 2007 | Sold | $995,000 |
Loss if sold for asking: $446k or 44.8%
This is one of the cheapest homes in Daly City in terms of price per square foot. It is now down to 2002 prices. It is a short sale so it may take a while for the deal to close. It is a large home in a very convenient neighborhood.
90 CARLETON Ave Daly City, CA 94015
90 CARLETON Ave Daly City, CA 94015
Price: $437,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,160 |
| $/Sq. Ft.: | $377 |
| Lot Size: | 3,500 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1958 |
Last sale: Nov 16, 2005 Sold $718,000
Loss if sold for asking: $281,000 or 39.1%
This is a REO listing, but the tax records still say its owner is at 192 Ashland Dr. It seems like the last buyer took two loans from Ameribanc Corp to buy this possibly second home or investment property. 80% was an ARM and 20% was fixed so it was basically a 100% loan. AmeriBanc unceremoniously died last year so I’m not sure who owns this property right now. Anyway,from the pictures it looks like the inside of this property is still intact.
Three San Mateo County cities amongst Bay Area’s most discounted
Redfin just posted a good data crunching post here about the Bay Area cities with the most discounts. Guess which ones are in the top ten? Burlingame, Redwood City, and Foster City all made the list. This is not surprising because these areas are very overpriced for what they are, and the people that live in these cities tend to think their homes are worth a lot.
Interestingly enough, East Palo Alto and Daly City actually made the list for least discounted. That is probably because most of the listings in these cities are bank owned and so the starting price tend to be very low. The report mentioned that East Palo Alto actually had homes sell for above asking, and I’m not really surprised because there are decent single family ranchers selling for under $200,000 now in East Palo Alto. I’ve been to that city many many times, and some areas are not that scary looking.
So the lesson to sellers here is that they should not overprice their homes. If they don’t hold on to unrealistic expectations of what their home is worth then they might sell their homes quicker.
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