Maximum Luxury: A Recession Loss Doubles Down

Houses do not have memories, and they do not have opinions about how much they sell for.

But if they did, this would be a proud day for 114 Crescent Avenue in Bernal Heights, because this week the three bed, two bath house with the minty green facade can finally put its last unhappy sale behind it.

Oh, don’t get us wrong, the $850,000 this place last sold for in 2009 is objectively a lot of money–more money than most Americans will ever see in one place in their lifetimes, not to put too fine of a point on it.

The catch is, that sale was a loss: 114 Crescent sold for all of $960K just four years earlier. The difference of course is that 2009 was, well, 2009; imagine the sting for that former owner not knowing the value of a Bernal Heights looker would blow up if they just held out a few more years. That ’09 sale was even an underbid to boot.

Those of you who are good at math have noticed a keen milestone here: Yes, this is another house that has doubled its selling price since the last time it was on the market.

(Those of you who are not good at math have now noticed it too, so the great news is we’re all of us caught up.)

Of course, $850K was worth a lot more back then prior to more than a decade of inflation, so this is another milestone that’s only on paper; still, marvel while ye may.

AddressBR/BA/UnitsDOMList PriceSold PriceOverbid
114 Crescent Avenue3/2/N/A13$1,099,000$1,770,00061.06%
1360 22nd Avenue3/2/N/A7$1,295,000$2,050,00058.30%
344 Liberty Street 3462/2/34612$1,379,000$2,000,00045.03%
336 Baltimore Way4/2/N/A8$1,195,000$1,630,00036.40%
2578 41st Avenue5/4/N/A11$1,579,000$2,120,00034.26%
18 Almaden Court3/2/N/A6$2,150,000$2,850,00032.56%
31 Camp Street2/1/B5$995,000$1,300,00030.65%
21 Roanoke Street3/2/N/A14$1,395,000$1,800,00029.03%
759 Sweeny Street2/1/N/A14$799,000$1,020,05027.67%
344 Liberty Street 3462/2/34411$1,249,000$1,592,00027.46%

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