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.

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

.

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

7.9%/yr

Jan 26, 2007 $587,000

11.3%/yr

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

34.6%/yr

Dec 04, 2006 $483,523

-14.0%/yr

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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