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 | |
| Oct 19, 1994 | $171,972 | |
| Feb 23, 1995 | $100,000 | |
| Apr 17, 1995 | $145,000 | |
| Aug 16, 2006 | $450,000 | |
| Jul 29, 2008 | $289,000 |
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.
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 |
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.
