CFAH

1419 Oak
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.
∙ Listing: 1419 Oak (3/2) – $919,900 [MLS]

Comments from Plugged-In Readers

  1. Posted by scurvy

    How easy would it be to knock down and build something good here?

  2. Posted by eddy

    Down for sure; but not an absurd comp at all. Trulia 2007 has better photos than MLS at this point.

  3. Posted by anonee

    ouch. still too expensive for a 3/2 on oak.
    otoh it is right across from the panhandle in a very walkable neighborhood. i wonder what this sold for 10 years ago b/c it does not seem to be going back to that pricing yet.

  4. Posted by anon

    There must be a mistake here. Ess Eff properties are only down 5-10% from peak, and everyone knows that people paid all cash for their places. Just ask any of the realtors on this blog.

  5. Posted by anonee

    where did something like this trade for 10 years ago? are we back to that pricing as tippy claims? i doubt it..

  6. Posted by Rillion

    “A sale at asking would represent a 20 percent ($230,100) drop below the [August] 2007 value of the home, a bigger swing if you account for any appreciation in between.”
    Oh please, I’m gonna have to call BS on this. How can you account for any appreciation in between August 2007 & now? Do you not even bother to read what you type on other posts?
    https://socketsite.com/archives/2010/12/october_caseshiller_san_francisco_msa_value_slide_accel.html#comments
    “According to the Index, single-family home values for the bottom third of the market in the San Francisco MSA have fallen back to September 2000 levels having fallen 57% from a peak in August 2006, the middle third is back to June 2002 levels having fallen 36% from a peak in May 2006, and the top third has retreated to March 2004 levels having fallen 24% from a peak in August 2007.”
    So all three tiers of single family homes peaked by August 2007 in the SF MSA, yet here you are trying to insuate the drop in value on this property somehow could have even greater due to appreciating after August 2007 when by almost all metrics the market had peaked. I can see making that claim if the last sale was 2005, but really are you just so in the habit now of trying to allude to phantom appreciation that you are even doing it for places that changed hands in August of 2007???

  7. Posted by "Dave"

    @Rillion you are swimming against the tide and will soon be flagged as a realtor©. Whatever you do, don’t try to apply logic against snark. Logic is boring…

  8. Posted by SocketSite

    The list price for 1419 Oak has been reduced to $900,000 after 35 days on the market without a sale. Once again, purchased for $1,150,000 in August 2007.

  9. Posted by A.T.

    Reduced to 875k. Maybe it’s not just limited to D10 after all . . .

  10. Posted by eddy

    Sold: $825,000. $491/psf (1680 sq ft pre redfin)
    Actually seems like a lot of house for the money. How on earth the 2007 buyer justified $1.15 (+21% over asking 949k) is beyond me. Looks like the bank repurchased the property for $1,002,840 on 9/22/2010. Interesting that public records show this closed on 6/23/2011 but MLS was only recently updated. But hey, it’s up from its 1988 sale of $255k! That’s +225% over a 23 year hold! 😉

  11. Posted by kathleen

    I ahve been inside this nightmare, half-pipe, crack pipekinda skateboard trashrenovation.
    Teh greenhouse on the roof, Dude, was sweet,
    Needed wither a lot of restoration, to repair the last improvememnts, or a whole new design plan.
    Big garage! Ni8ce roof, evrythign in between uh oh.. Glad it sold for a realistic number, considering condition.
    Good haight panhadle location
    zips up the back and good bones!

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