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214 Winwood Ave, Pacifica, CA 94044

By Patrick (217/217 = 100% civil)   2010 Jun 24, 8:51pm   ↑ like   ↓ dislike   2,052 views   7 comments   watch (1)   share   quote  

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1   monkframe (1/1 = 100% civil)   2010 Jul 25, 6:15am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

2   vain   2010 Aug 31, 3:02am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

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?

3   monkframe (1/1 = 100% civil)   2010 Sep 1, 2:33pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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

4   bg   2012 Oct 14, 12:59am  ↑ like   ↓ dislike   quote   top   bottom   home   share

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

5   monkframe (1/1 = 100% civil)   2012 Oct 14, 1:45am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

6   bg   2012 Oct 17, 4:04pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Well, that was my only guess :-)

I am out :-)

7   monkframe (1/1 = 100% civil)   2012 Oct 18, 1:35am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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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