Articles Filed Under: Apples To Apples

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It’s A Good Thing Those Bank Owned Comps Don’t Matter, Right?

It’s A Good Thing Those Bank Owned Comps Don’t Matter, Right?

Let’s go straight to the SocketSite “apple in the making” archives: Two months ago we noted the “Newest Comp For A Two-Bedroom Condo At 246 2nd Street” when the bank owned #1302 closed escrow with a reported contract price of $775,000 (roughly $125K below what #902 sold for late... Read More »

An Early Withdrawal Of Lakeside Equity That Really Didn’t Exist?

Purchased in August of 2005 for $1,030,000 and establishing a Lakeside (District 3) neighborhood “comp,” 2924 19th Avenue returned to the market yesterday with a list price of $988,000. Refinanced in November of 2006 with a total mortgage balance (first and second) of $1,087,000 (assuming PropertyShark is correct), a... Read More »

When Life Gives Us Apples, We Make Apple Pie: 88 Hoff Street #206

While purchased two years ago for $637,500, it’s a plugged-in reader that notes 88 Hoff Street #206 in the Mission closed escrow earlier this month with a reported contract price of $580,000. That represents average annual depreciation of 4.8% over the past two years. And while we never explicitly... Read More »

But It’s Glen Park And I’m Told The “Median Sales Price” Is Way Up!

But It’s Glen Park And I’m Told The “Median Sales Price” Is Way Up!

On July 1st 2005 a “Stylish Light & Bright Elegant View Home” in Glen Park sold for $910,000. Three years and a $40,000 kitchen later, 24 Addison closed escrow (after 80 days) with a reported contract price of $975,000. As a plugged-in tipster notes: So a gross increase of... Read More »

Two Snaps Up In A Circle For A Plugged-In Reader (326 Valley Sells)

Two Snaps Up In A Circle For A Plugged-In Reader (326 Valley Sells)

Purchased for $1,400,000 on 6/21/2005, the kitchen of 326 Valley has since been remodeled (at an “estimated” cost of $50,000) and the property next door has gone from eyesore to contextual infill condos, so it’s not a perfectly clean apple. That being said, the sale of 326 Valley closed... Read More »

And On His Little Urban Farm He Grew A Little Apple…

And On His Little Urban Farm He Grew A Little Apple…

Purchased for $749,000 in March of 2007, another one of the four little Donald MacDonald “Urban Townhouses” on Hermann (396) didn’t find a buyer at $795,000 (which would have represented annual appreciation of roughly 5%) and is now asking $779,000 (which would represent annual appreciation of closer to 3%).... Read More »

Speaking Of Downtown Views, Quick Sales, And Apples: 712 Wisconsin

Speaking Of Downtown Views, Quick Sales, And Apples: 712 Wisconsin

Speaking of Downtown San Francisco views (not to mention quick sales), a plugged-in tipster notices that 712 Wisconsin in Potrero Hill is once again on the market. We went to the open house last year when it was on the market and saw our first built-in espresso machine… have... Read More »

A Neighbor Notices Another Noe Valley Apple On The Tree: 326 Valley

A Neighbor Notices Another Noe Valley Apple On The Tree: 326 Valley

From a plugged-in tipster (who earns our accolades for thoroughness): The stagers just left. Looks like my neighbors across the street are moving. 326 Valley St. Asking $1.495M. Sales history: 6/21/2005 ($1,400,000); 11/02/2001 ($995,000); 1/16/1997 ($460,000); 7/24/1996 ($270,000) – contractor bought and put house through major renovations – added... Read More »

The Apple Of The Day: Single-Family In Cow Hollow (3035 Scott)

The Apple Of The Day: Single-Family In Cow Hollow (3035 Scott)

Assuming our plugged-in tipster is correct (it’s currently “pending” on the MLS), 3035 Scott Street has closed escrow with a contract price of $2,820,000 (5.8% under asking). Purchased for $2,625,000 in October of 2005, a sale at $2,820,000 represents average annualized appreciation of 2.8% over the past thirty months... Read More »

Can Bank Owned Comps Kill (Values)?  246 2nd Street #502 Returns

Can Bank Owned Comps Kill (Values)? 246 2nd Street #502 Returns

Two months ago we noted the “Newest Comp For A Two-Bedroom Condo At 246 2nd Street” when the bank owned #1302 closed escrow with a reported contract price of $775,000 (roughly $125K below what #902 sold for late last year and exactly $220K below what the seller of #502... Read More »