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San Diego, CA 92107
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General Info | | | Zoning: Multiple Residential | | Use: Single Family Residential | | Parcel Number: 4480321100 | |
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| Sales History |
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| 06/24/2009 | $479,000 | 5y 2m | -11% | -2% | | 03/26/2004 | $540,000 | 6y 11m | 272% | 21% | | 04/01/1997 | $145,000 | 3y 9m | -14% | -4% | | 06/24/1993 | $169,000 | 1y 7m | 16% | 10% | | 11/22/1991 | $145,500 | 4y 9m | 75% | 13% | | 02/23/1987 | $83,000 | n/a | - | - |
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| Nearby Homes For Sale |
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| 1773 Ocean Front St | $2,495,000 to $2,590,000 | | Ocean Beach | $499,900 to $529,900 | | 5015 Cape May Ave #301 | $339,900 | | 5027 Santa Monica Ave #F | $575,000 | | 4754 Muir Ave | $535,000 | | Casa Marina #102 | $299,000 | | Casa Marina #210 | $249,000 to $264,900 | | 4678 Muir Ave | $450,000 | | 4726 Lotus St | $719,900 to $759,900 | | Casa Marina #108 | $275,000 to $325,000 | | 4753 Lotus St | $779,000 |
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| Nearby Properties |
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| Tax Assessment | | Land Value: $551,412 | | Improvement Value: $10,404 | | Net Value: $561,816 | | Est Property Tax: $7,023 | |
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| jpinpb 5/5/2009 3:47:17 PM | Reply |
good deal
List Price: $479,000
MLS#: 090026183
| | | | coastrenter 5/8/2009 11:39:50 AM | Reply |
I thought it might be a good deal too so I had a look.
A major concern that I'd be worried that half the house in un-permitted.
Listed on property records as 1/1 with 600 sf, and it is obviously more than that.
A minor concern is when I was there the apartment complex directly across the street was generating a lot of party noise around 2pm on a thursday. | | | | jpinpb 7/2/2009 9:37:49 PM | Reply |
coastrenter - Thanks for the comment. It detered me from going to check it out and if what you say is true, then I think the price was a little on the high side. | | | | llbcsbiggs 7/4/2009 7:12:30 AM | Reply |
Hey everybody,
I'm the owner/seller of 5116 Long Branch. Just wanted to report on the process. This was the first time we had owned or sold our house, and we learned a lot. We accepted an offer the first day it went on the market, which was early May, so things may have changed a bit since then.
Prices: Of course, we all know the prices are definitely down. We took a huge hit after having paid for the renovation, but we knew it was necessary. We had the place appraised before we started talking to realtors, so we knew the damage going in and were realistic. Consequently, when the realtors started coming in with the numbers they did, we were prepared for it. By the way, the square footage discrepancy was from a 1950's loft. It was grandfathered in terms of needing to be permitted, but its ceilings were less than code, so it couldn't count as square footage. Didn't want to say anything earlier because I had a vested interest.
Activity: There was definitely activity in early May. 67 people came through the Open House. We had an offer and three backups. However, although the first offer and first of the backups was full price, it wasn't a feeding frenzy/bidding war. The other two backups came in under full price.
Thoughts on the process: Don't know if the increased activity was a trend that is continuing. We caught the wave of the really low interest rates and low inventory. We are looking right now (taking our time and searching for an interesting space), and inventory seems to still be moving a little faster than a few months ago but not at the pace of early May. Who knows how long that will last though.
The pictures really helped sell the house. Our realtor had a fantastic photographer. It was a small space, and the photographer made it look great. I think it is worth it to hire a good professional photographer if the realtor doesn't supply one.
We also worked hard on the staging. We were brutal with ourselves in terms of what could stay in the house. We rented a storage unit, hauled anything big or messy to it and staged the rest. The pergola was put up in the back with an eye toward selling (sure wish we had had it earlier – it was fun). The results were gratifying, but it also taught me when I look not to fall in love with somebody else's decorating style (or the pictures of it). I will definitely stage any future house I sell again though.
We also cleaned thoroughly – even washed down all the walls and ceilings – Mr. Clean Sponges do an amazing job. We didn't want any chance for anybody to say, "Yuck." We then kept it very neat.
Even then we forgot stuff -– for example, our checkbooks and a bunch of euros were sitting right in an easily accessed drawer throughout the Open House.
Selling is really hard work. As I said before, we accepted an offer the first day, but our realtor went through with the Open House for backups. We work from home a great deal, so those showing days were tough. We were really lucky. The disruption of selling for months must be really brutal.
So those are my reflections. I'm not reporting any trends or saying people should or shouldn't be buying/selling right now. It is just a snap shot of what was going on in early May.
Best of luck everybody,
Shannon | |
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