It’s definitely on a busy street (or “easy freeway access” as would have been sold as a pro rather than a con), but it’s no busier and arguably more gentrified (hello alpha) than in August 2007 when purchased for $1,150,000.
Taken back by the bank this past September, the Haight Ashbury home at 1419 Oak with wood detailing (and granite) inside is back on the market and asking $919,900.
A sale at asking would represent a 20 percent ($230,100) drop below the 2007 value of the home, a bigger swing if you account for any appreciation in between.
The sale of 1419 Oak Street has since closed escrow with a reported contract price of $825,000, twenty-eight (28) percent ($325,000) below its year 2007 sale price.
∙ Busy Street (But Even Slower Market) [SocketSite]