Real Estate Appreciation

[boatpi]

Amazing how it has done, this house is 1 block from my HB house. It sold new in 1975 for $47,000.

https://www.redfin.com/CA/Huntington-Beach/17491-Bellport-Cir-92649/home/3843183

 

[ChumpChange]

I’m gonna go out on a limb and say that it’s had some upgrades since then. Still quite the appreciation though.

 

[KevinR]

Very well indeed.

Looking at the link it has undergone a very nice renovation.

If my math is correct that’s about an average appreciation rate of 7.5% per year.

 

[mesquito_creek]

Very well indeed.

Looking at the link it has undergone a very nice renovation.

If my math is correct that’s about an average appreciation rate of 7.5% per year.

7.8% without deducting property tax, insurance, interest, maintenance and the 2 or 3 remodels over that 44 year period ... so probably < 5% realized.

But you have to live somewhere and HB is a pretty great spot!

 

[LargeOrangeFont]

Was there a housing boom in the mid /late 70s in So Cal/OC?

My house was built in ‘78 and is smaller with a 2 car garage and went for $78k in the San Juan Capistrano area.

My parents house is larger than mine, still single story with a 2 car garage and was also $78k in ‘78 but in Upland.

Seems like a big jump in price for 3 years?

 

[boatpi]

Yes, by 1978 the 45K houses were 90K in HB. This house does not have any additions, just re fresh. In this area any 1970's built house along the Wetlands, even at 1500 sq. feet is 1 Mil. No more room, great neighborhoods, very isolated, no traffic, walk onto the Wetlands, climate is almost a 10. I will never sell. All built by Signal Landmark, AKA Signal Oil Company land in the mid 1970's. My house is 1.2' above sea level, but inland about 1/3 of a mile.

 

[Looking Glass]

Yes, by 1978 the 45K houses were 90K in HB. This house does not have any additions, just re fresh. In this area any 1970's built house along the Wetlands, even at 1500 sq. feet is 1 Mil. No more room, great neighborhoods, very isolated, no traffic, walk onto the Wetlands, climate is almost a 10. I will never sell. All built by Signal Landmark, AKA Signal Oil Company land in the mid 1970's. My house is 1.2' above sea level, but inland about 1/3 of a mile.

You will NEVER sell!!, but, I before you are in the ground it will be on the Market.

 

[RodnJen]

Nice, looks like a quiet area.

 

[LargeOrangeFont]

Yes, by 1978 the 45K houses were 90K in HB. This house does not have any additions, just re fresh. In this area any 1970's built house along the Wetlands, even at 1500 sq. feet is 1 Mil. No more room, great neighborhoods, very isolated, no traffic, walk onto the Wetlands, climate is almost a 10. I will never sell. All built by Signal Landmark, AKA Signal Oil Company land in the mid 1970's. My house is 1.2' above sea level, but inland about 1/3 of a mile.

Thanks.

For that sale price, considering the location, size, interior redo, pool and 4 car garage that isn't bad.

 

[boatpi]

No it’s not gonna be for sale I’m one of those guys with a beautiful younger wife she told me she’s gonna keep that house forever but our main pad is in Las Vegas.

 

[Looking Glass]

No it’s not gonna be for sale I’m one of those guys with a beautiful younger wife she told me she’s gonna keep that house forever but our main pad is in Las Vegas.

 

[Tank]

This is not a knock on the house at all I just think its kind've interesting you can totally see it's a 70's built house by the architecture and layout but looks good with the current remodel. Total clash of two eras.

 

[TCHB]

We bought our HB in January of 1980 and yes it did go way up. Great place to live and raise the kids.

 

[76 Hondo]

Yes, by 1978 the 45K houses were 90K in HB. This house does not have any additions, just re fresh. In this area any 1970's built house along the Wetlands, even at 1500 sq. feet is 1 Mil. No more room, great neighborhoods, very isolated, no traffic, walk onto the Wetlands, climate is almost a 10. I will never sell. All built by Signal Landmark, AKA Signal Oil Company land in the mid 1970's. My house is 1.2' above sea level, but inland about 1/3 of a mile.

I worked for Signal Landmark back then! If you are at 1.2 above sea level you are sitting high, the lots off of Springdale and Talbert are .0 to .4 above sea level!
Reclaimed all the old salt marsh and oil field property.

 

[WildHorses24]

I worked for Signal Landmark back then! If you are at 1.2 above sea level you are sitting high, the lots off of Springdale and Talbert are .0 to .4 above sea level!
Reclaimed all the old salt marsh and oil field property.

He’s sitting high because the Indians buried their dead above sea level. [emoji23][emoji6]


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[Riverhound]

Grew up in HB... My parents bought our house a 1.5 miles from the beach in 1963 for a whopping $13k!

 

[Carlson-jet]

I really hope it's not worth 20 mil. in another 40 years.