November 10, 2007

Recent Sales in Ocean Beach

Here are some interesting statistics on recent home sales in Ocean Beach.  One is a small, older home.  One is a medium sized, newer home.  One is a gigantic home built in the early ’60s.  The first property is already depreciating and the second is holding its own.  The third was purchased well enough below value to have a substantial appreciation built-in and will likely weather downturns in the market.

3411 Sterne Street

ob5 Recent Sales in Ocean Beach

This 1942 home sold for $710,000 on August 24, 2007.  It has 2 bedrooms and 2 bathrooms with 1,237 square feet.  It last sold on November 15, 2002 for $499,000.  A recent property valuation gave it a market value of $699,247.  29% of homes in the same zip code have a value lower than this one.

2746 East Bainbridge Road

This 2000 home sold on August 14, 2007 for $950,000.  It has 3 bedrooms and 3 bathrooms with 2,290 square feet.  It last sold on January 25, 2007 for $930,000.  Before that, it was purchased for $688,000 on May 29, 2004.  A recent property valuation puts the market value for this home at $981,214.  64% of the homes in the area have a value lower than this one.  

3735 Dixon Place

ob61 Recent Sales in Ocean Beach

This 1960 home sold for $1,115,000 on September 20, 2007.  It has 7 bedrooms and 6 bathrooms with 5,355 square feet.  It last sold on June 22, 2007 for $1,106,186.  The immediate past sale was on September 22, 2004 for $625,000.  A recent property valuation puts the market value at $2,007,232.  99% of homes in the same zip code are valued lower than this one.


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