Axis North, Home Buyer in San Raphael, CA

I am thinking of buying, Is the price (998k) for 2525 Moraga, Sunset District, SF the current market vaue?

Asked by Axis North, San Raphael, CA Thu Aug 14, 2008

Here is the mls listing number: MLS #: 345240
3 bed 2 bath. 1900 sf in excellent condition - 1 car garage
interior court
very good backyard and frontyard garden.
Views of Pacific Ocean and Marin Headlands
View of Golden gate bridge from street in front

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5
Danielle Lazier’s answer
BEST ANSWER
Good question! The Sunset has been in the media a lot recently. I just wrote a detailed blog post about this and included 6 months of single family home values. It should help you out. Enjoy!
1 vote Thank Flag Link Thu Aug 14, 2008
Axis North,
Any agent that responds to you should be sure to first find ouot if you are represnted by an agent. We can't interfere with someone working with an agent.
That said I assume that you have looked at the recent sales data, that you've been looking at other properties and feel comfortable enough to compare this with what you've seen and what the other properties have sold for.
With your agent look at the sales history and ask your self the question you're asking us. You the ready and willing buyer sets the value of the property. (one note that is not the inner sunset it is central sunset)

I have know idea what data Zahod is applying. Nothing in the city is losing value by 2.1% per month or 24% per year. He's might be using Case Schiller but not understanding the data or the market.

He is correct in that if you like the property and are goiung to live there buy it.
Web Reference: http://www.FogCityGuide.com
1 vote Thank Flag Link Thu Aug 14, 2008
Jed Lane; Fog…, Real Estate Pro in San Francisco, CA
MVP'08
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Axis ... sounds like you have a good idea about finding and buying a home at Martin Headlands with possible view of Golden Gate Bridge.

I lived at the Bay Area at one time years ago, and our home had fantastic view of the Golden Gate. It was indeed beautiful.

Best wishes to you and your family.
Harrison K. Long, Explore Group Properties, Coldwell Banker Previews.

For a good property search web site check out
0 votes Thank Flag Link Fri Jan 30, 2009
As Jed mentioned, if you're working with an agent, your agent can help with evaluating how this property compares with recent sales. Other factors your agent can help determine is why the seller is selling, days on market (this is a fresh listing-at 14 DOM), where the pest inspection is at dollar wise, what has the interest been like at the opens, and what is the list agents track record (IE: are listings underpriced & selling over the list?).

There are a host of other variables besides looking at comps which are a guideline for pricing/value.

Crafting a strong offer is another important detail and is a combination of price and terms. The highest offer isn't necessarily the strongest/best offer. Buyers do ultimately set the market value of a property.

Good Luck! Looks like a great place.
Web Reference: http://www.cbower.com/
0 votes Thank Flag Link Thu Aug 14, 2008
Difficult to value as the market data shows this property losing value at the rate of about $21000 per month.
If you love it you buy it at the price you feel comfortable with......but I think you should offer closer to $900k than $1m..try $935k....you never know..
0 votes Thank Flag Link Thu Aug 14, 2008
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