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.
4102 ADMIRALTY Ln Foster City, CA 94404 - Lower than 2001 real price
4102 ADMIRALTY Ln Foster City, CA 94404
Price: $315,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 748 |
| $/Sq. Ft.: | $421 |
| Lot Size: | - |
| Age (Years): | 43 |
| Year Built: | 1965 |
| Type: | Condominium |
Last sales:
| Apr 27, 2001 | $302,500 | |
| Jun 19, 2008 | $262,500 |
Listing states that it is a REO. It is a pretty small and old condo in Foster City with a high HOA, but the price is only 13k above its 2001 sale price. If you consider inflation, $302k in 2001 is supposed to be worth $373k today. (See inflation calculator from BLS) This might be a good deal for a single person who really wants to live in Foster City.
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.
1022 VALOTA Rd Redwood City, CA 94061
1022 VALOTA Rd Redwood City, CA 94061
Price: $599,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 950 |
| $/Sq. Ft.: | $631 |
| Lot Size: | 4,000 Sq. Ft. |
| Age (Years): | 56 |
| Year Built: | 1952 |
| Type: | Detached Single Family |
Last sale: Sep 10, 2007 $665,000
Loss if sold for asking: $66,000 or -10.0%
I am pretty sure that this is not a new listing because I have seen a sign with its address at the corner of Woodside and Valota for months. Anyway, this is another example of an overpriced tiny house that has less living space than the condo I live in. It’s still very expensive for the quality of the neighborhood.
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