Wednesday, August 06, 2008

HB Comp Killer - 6202 Point Loma Dr



6202 Point Loma Dr Huntington Beach, CA

Sold For: $550,000 (06/27/2008)
Beds: 5
Baths: 2.5
Sqft: 2,276
Price per sq ft.: $242

I've seen a lot of comp killers over the last several months, but this one takes the cake. Five bedrooms, two-and-a-half baths and almost 2,300 sqft of living space in one of the nicer/nicest parts of West Huntington Beach for only $550,000. That, friends and neighbors, is mind-boggling even to me.

At the peak, $550,000 wouldn't have bought you a sub-1000 sqft bungalow fixer-upper, on a busy part of Heil that may have had some foundation issues relative to "liquefaction." Seriously, it wouldn't have.

But, now the proverbial tides have changed and 2,300 sqft can be had in a nicer part of West Huntington Beach, in at least in one instance, so far, for only $550,000.

Now, particular property does have its issues. Even from a drive by the place I could tell that it clearly needed some work; it would be fair to call this house a "fixer-upper." It also backs a "major" street, Slater which means moderate noise. The property is also is at the entrance to the tract which means heavy traffic. Landscape rennovation would be required. Certainly there must be other issues that I couldn't grock on a drive by, but even when you consider all the negatives, this property still sold for only $550,000.

It's just amazing how much more house one can get today in west HB than he could at the peak for the same amount of money. I am actually dumbstruck by the enormity of it all.

(I have more to write about this property. Once I can gather my thoughts and get some work done for a customer, I will hit the blog with an update. Just imagine the impact on comps in the area....)

6 comments:

Natal property said...

The location of your house is very good, and price is also affordable.

South American property said...

Hello,

The price you describe in your post is similar to the southern areas of america.

Property in Brazil said...

Hi,

This house a very good view. the location is very beautiful and the structure is good to stay there.
I think it is not bad to buy this home in that price. It'll petty work for you.

Bahia apartments said...

Hi

The design of this house is so beautiful and I really like this house.

kanishk said...

your house is very good, and price is also affordable.i just love it.

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internationalrealestate said...

I real enjoy this real estate blog. Good information. Thanks

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