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.
1504B Day Ave San Mateo, CA 94403 - Another Off-MLS Listing
1504B Day Ave San Mateo, CA 94403
| Sold For: |
$330,000 (08/06/2004) |
| Beds: | 1 |
| Baths: | 1 |
| Sqft: | 490 |
| Style: | Condominium |
This is yet another off MLS listing I found on Craigslist. It’s a pretty small condo and it’s now listing for $299k. That makes it $610 per squarefoot. As far as San Mateo condos go, that’s still pretty expensive.
Contact Anne Oliva (650) 291 9775 or Denise Baker (650) 888-1387
Remarges@aol.com. www. realestatemarges.com
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396 IMPERIAL Way #106 Daly City, CA 94015
396 IMPERIAL Way #106 Daly City, CA 94015
Price: $168,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 817 |
| $/Sq. Ft.: | $206 |
| Lot Size: | - |
| Age (Years): | 34 |
| Year Built: | 1974 |
| Type: | Condominium |
| Stories: | Low Rise (1-3 Stories) |
Last sale: Dec 29, 2006 $465,000
Loss if sold for asking: $297,000 or 63.9%
These condos rent for about $1400 a month, so $168,000 is almost reasonable. It does have a pretty high HOA and it is located in Crown Colony, which is a pretty big and old complex in Daly city.
828 7TH Ave San Bruno, CA 94066
828 7TH Ave San Bruno, CA 94066
Price: $399,988
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 790 |
| $/Sq. Ft.: | $506 |
| Lot Size: | 2,500 Sq. Ft. |
| Age (Years): | 64 |
| Year Built: | 1944 |
| Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 1 Story |
| View(s): | Neighborhood |
Last sale: Oct 27, 2006 $625,000
Loss if sold for asking: 225,012 or 36%
I love how the description of the house on Redfin reads: “price hard to ignore given the advantages of owing in this area. probably best value home in the area. “ That’s right,if you buy this house you will owe somebody money. That’s very appropriate I suppose.
3 Men Dead in Troubled Property - 512 STANFORD Ave Redwood City, CA 94063
512 STANFORD Ave Redwood City, CA 94063
Price: $377,777
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 810 |
| $/Sq. Ft.: | $466 |
| Lot Size: | 4,500 Sq. Ft. |
| Age (Years): | 46 |
| Year Built: | 1962 |
| Type: | Detached Single Family |
Listing history:
| Date | Price |
| Jan 03, 2008 | $499,999 |
| Feb 20, 2008 | $449,999 |
| May 01, 2008 | $377,777 |
Sales history:
| Nov 04, 2002 | $390,000 | |
| Mar 30, 2004 | $434,000 | |
| Jan 26, 2007 | $587,000 |
Loss if sold for asking: $209223 or 35.6%
My ex-coworker showed me this breaking news report. According to this additional Chronicle article, multiple weapons were found at the scene of the house and three men were dead. One of the men apparently lived in the house and two others were found in the garage which was converted in a living space. Supposedly it was a home invasion/robbery gone wrong. I’m not sure if the guy that lived there was the owner, but either way, this is very disturbing news. May the dead rest in peace and if you have any information about this please call the San Mateo County Sheriff’s Office at 650-363-4911 or the anonymous tip line at 1-800-547-2700.
1923 MIDDLEFIELD Rd Redwood City, CA 94063
1923 MIDDLEFIELD Rd Redwood City, CA 94063
Price: $305,900
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 600 |
| $/Sq. Ft.: | $510 |
| Lot Size: | 1,824 Sq. Ft. |
| Age (Years): | 81 |
| Year Built: | 1927 |
| Type: | Detached Single Family |
Sales history:
| Nov 23, 2005 | $565,000 | |
| Dec 04, 2006 | $483,523 |
Loss if sold for asking: $177623 or 36.7%
This is a bank owned property on the very busy corner of Woodside and Middlefield. Seriously I didn’t know they had residential properties there. I’m not sure what this section of the description means: “GREAT VISIBILITY FOR LAW FIRM? ENGINEER? CPA?” I’m not sure what it’s asking.
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