485 A St #9 Daly City, CA 94014 - Real Price Back to 1989

 

485 A St #9 Daly City, CA 94014

Price: $179,900

Beds: 2
Baths: 1
Sq. Ft.: 788
$/Sq. Ft.: $228
Lot Size: 800 Sq. Ft.
Age (Years): 44
Year Built: 1964
Type: Condominium

Sales history:

Date Price Appreciation
May 19, 1989 $144,000

Nov 21, 1990 $165,000

9.4%/yr

Oct 19, 1994 $171,972

1.1%/yr

Feb 23, 1995 $100,000

-79.0%/yr

Apr 17, 1995 $145,000

>1,000%/yr

Aug 16, 2006 $450,000

10.5%/yr

Jul 29, 2008 $289,000

-20.3%/yr

This is an interesting property because it has a sales history from the last housing bubble to the current housing bubble. There are enough datapoints for me to make a graph.

dalycity.JPG

Series 1 is a series of the sales prices, ending with the current listing price. Series 2 is a graph of the original $144,000 sales price in 1989 appreciating by 3% per year. After nearly 20 years, the current sales price does not beat the inflation adjusted price from 1989!  However, the person that bought in 1995 did get an excellent rate of appreciation.  So I guess catching the bottom and selling at the peak is the most profitable thing to do.

1025 TOYON Dr Burlingame, CA 94010

1025 TOYON Dr Burlingame, CA 94010

Price: $649,900

Beds: 3
Baths: 2
Sq. Ft.: 1,970
$/Sq. Ft.: $330
Lot Size: 6,400 Sq. Ft.
Age (Years): 62
Year Built: 1946
Type: Detached Single Family

Last sale: Jun 24, 2008 $935,420

Loss if sold for asking:  $285520 or 30.5%

This home is from a tip by reader Carina.  She says “Just wanted you to know, 1025 Toyon, a bank owned property, just came on the market today at $649K. Its a nice size, 3/2 at almost 2000 sq ft, but it is right across the street from the train tracks.”  This is indeed a nice sized house in Burlingame.  It’s kind of odd that the bank took it back for $935k when the assessed value is only $700k or so.  I guess someone went crazy on the cash out refinances. Thanks for your tip Carina!

52 EL BONITO Way Millbrae, CA 94030

 

52 EL BONITO Way Millbrae, CA 94030

Price: $899,000

Beds: 3
Baths: 3
Sq. Ft.: 1,720
$/Sq. Ft.: $523
Lot Size: 5,050 Sq. Ft.
Age (Years): 68
Year Built: 1940
Type: Detached Single Family

Last sale: May 23, 2006 $1,080,000

Loss if sold for asking: $181000 or 16.8% 

A rare short sale in Millbrae.  The house definitely looks livable.

1284 Mission Rd South San Francisco, CA 94080

1284 Mission Rd South San Francisco, CA 94080

Price: $499,900

Beds: 2
Baths: 1
Sq. Ft.: 830
$/Sq. Ft.: $602
Lot Size: -
Property Type: Single-Family Home
Year Built: 1952
Region: San Mateo County/North

Last sale: Nov 02, 2006 $700,000

Loss if sold for asking: $200,100 or  28.6%

This lovely little bank owned property is directly across the street from the BART station!  Talk about convenient, and loud.

60 WYLVALE Ave Moss Beach, CA 94038

60 WYLVALE Ave Moss Beach, CA 94038

Price: $925,888

Beds: 3
Baths: 2.5
Sq. Ft.: 2,200
$/Sq. Ft.: $421
Lot Size: 5,096 Sq. Ft.
Age (Years): 20
Year Built: 1988
Type: Detached Single Family

Listing history:

Date Price
Apr 30, 2008 $1,160,000
May 05, 2008 $978,888
May 22, 2008 $925,888

Last sale: May 20, 2005 $1,100,000

Loss if sold for asking:  -$174112 or 15.8%

This is a short sale with a view of the ocean in the unincorporated coastside town of Moss Beach.  There aren’t that many people there I think.  One of my coworkers just moved there, though, and he it takes him about 30 minutes to drive to San Mateo.

2811 FLEETWOOD Dr San Bruno, CA 94066

2811 FLEETWOOD Dr San Bruno, CA 94066

Price: $699,777

Beds: 3
Baths: 3
Sq. Ft.: 2,340
$/Sq. Ft.: $299
Lot Size: 5,712 Sq. Ft.
Age (Years): 53
Year Built: 1955
Type: Detached Single Family

Sales History:

Date Price Appreciation
Jul 29, 2005 $872,000

May 27, 2008 $748,496

-5.3%/yr

Loss from 2005:  $172223 or 19.8%

The listing says that this home has 5 bedrooms even though the county records says 3.  Also, I’m pretty sure this is a foreclosure because of the odd sales price recorded just a couple weeks ago.  Otherwise, this home looks decent.

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