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214 Winwood Ave, Pacifica, CA 94044


By Patrick   Follow   Thu, 24 Jun 2010, 8:51pm PDT   1,813 views   7 comments
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monkframe   Sun, 25 Jul 2010, 6:15am PDT   Share   Quote   Permalink   Like   Dislike     Comment 1

Newly painted and "staged" within.
View from the dining room is the Hwy. 1 freeway berm, down which cars carom occasionally, landing on their side.
A similar house sold around the corner last year for $596,000 after being on the market a really long time. That one started at $649,000.

vain   Tue, 31 Aug 2010, 3:02am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 2

This is a fairly decent location if I were to seek for a home in Pacifica. It indeed is foggy and cold but you need to remember that there are many sunny days as well. But at this price it does seem a bit high. Homes in this area and neighboring cities are all averaging at around $550k. I guess a $50k premium is justifiable because this home is rather newer. It's all a matter of preference. I cannot stand hot weather. Some cannot stand foggy weather.

I have another thought. In these areas, the $550k price seem to consist highly of Asians buying a homes with in-law expansion potential. They use large downpayments, live upstairs, and collect rent from downstairs, drastically reducing their payments. I've always felt that using the $550k price that those Asian's pay as a comp for a house with similar square footage is flawed. One story home prices (and homes with no in-law expansion potential) need to go down IMO.

Where else can you find homes with in-law expansion potential around here other than San Francisco, Daly City, San Bruno, and Pacifica?

monkframe   Wed, 1 Sep 2010, 2:33pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 3

It sold at $653,000. Four bedrooms? Who knows?

bg   Sun, 14 Oct 2012, 12:59am PDT   Share   Quote   Permalink   Like   Dislike     Comment 4

http://www.redfin.com/CA/Pacifica/214-Winwood-Ave-94044/home/1691308

This is much larger than most homes in Pacifica. That would be my bet for why it was more than other homes nearby.

monkframe   Sun, 14 Oct 2012, 1:45am PDT   Share   Quote   Permalink   Like   Dislike     Comment 5

If you move east on the map of this block to the next corner, that corner house sold in a short sale for $450,000. Very similar layout, same development.

bg   Wed, 17 Oct 2012, 4:04pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 6

Well, that was my only guess :-)

I am out :-)

monkframe   Thu, 18 Oct 2012, 1:35am PDT   Share   Quote   Permalink   Like   Dislike     Comment 7

I think it has more to do with the decline of prices aided by banks playing games with short sales. There are several houses on both sides of the block which have sale price differences of $100-200k.

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