April 10, 2008

Whatever happened to the yellow house in Daly City

Hey everyone,

I’m sure you’ve been wondering whatever happened to the yellow house in Daly City. To refresh your memory, here’s what happened:

January 2007:

August 2007:

December 2007:

January 2008:

219auction.jpg

Well, bad news my friends. It’s been sold, so you can’t buy it. It sold for $445k – meaning the new owner scored a sweet $405,000 in instant equity that you didn’t.

Here’s the final sales history:

4/20/2007     $558,763     Trustee’s Deed upon Sale     Resale     Recontrust Co Na     HSBC Bank USA     600316737

5/30/2006     $815,000     Grant Deed     Resale     Serano, Camilo     Cumberworth, Carmen     400528853

4/5/2004          Grant Deed     Resale     Diaz, Jorge N     Melendez, Mayda C     255774005

4/5/2004          Grant Deed     Resale     Calalang, Charito B     Calalang, Tennyson M     255773232

4/5/2004     $575,000     Grant Deed     Resale     Cornelius, Maria L     Serano, Camilo     255766895

4/5/2004          Grant Deed     Resale     Alvarado, Juan A     Cornelius, Maria L     255766767

7/5/1996          Grant Deed     Resale     Cornelius, Edwin E     Cornelius, Maria L     255770445

7/5/1996               Refi     Cornelius, Maria L     Cornelius, Maria L     255768149

6/12/1992     $205,000     Grant Deed     Resale     Fielder, John W &     Cornelius, Edwin&Maria     255771475

Thanks to Burbed reader Renter for notifying me of this!

Comments (33) -- Posted by: burbed @ 5:19 am

33 Responses to “Whatever happened to the yellow house in Daly City”

  1. SantaClarite Says:

    Too bad, I was planning to buy this at 250k as an investment property to rent out at 2500 per month.

  2. Brendan Says:

    Man.. that is good. I’m glad things seem to be normalizing.

    Just a comment… do you think it is a good idea to post the first/last names of the buyers/sellers? Is this public information?

  3. RoxBoy Says:

    DalyCity is a waste dump. DC is for people who cant afford to live in SanFran.

  4. Pralay Says:

    Wow, that big bird’s home again! I thought PBS/Sesame St Show already bought this home for over million dollar and made it a Big-Bird/Elmo Children Museum.

    However, this is a classic case of the contrast between supply side’s expectation and demand-side’s willingness. Supply-side expected $850K (and that’s based on what he/she paid). Demand-side is willing to pay only $445K (who cares what seller paid?).

  5. WillowGlenner Says:

    The grant deed list there looks like a private party sale. I wonder why they didn’t just paint this place, the color is a huge part of the problem – not the only problem, it is still in Daly City. The buyer at auction may have gotten a decent deal.

  6. ex-sunnyvale-renter Says:

    So, 50% haircut!

    And it’s still overpriced!

  7. madhaus Says:

    Oh no, Daly City isn’t the “Real” Bay Area. Back when I lived in San Francisco, there were all these cracks about Daly City, including some racist jokes about Filipinos. So I guess you can’t be RBA unless you have lots of Chinese instead.

    You guys do know that Cupertino school district has more Asians than Euros?

  8. RoxBoy Says:

    “You guys do know that Cupertino school district has more Asians than Euros?”

    Dude. Public schools like asians. Schools with high asian population usually gets higher government grants because the graduation rate is higher and the average grade is also higher. higher grade/graduation rate means more government money for the schools.

  9. Fido McCokefiend Says:

    Wait, just so I’m clear…

    Someone spent $445,000 on a 940 sq ft bright Yellow monstrosity with red steps on a (guess?) 1200 sq ft lot that probably needs at least another 50K to make it close to habitable, in Daly freaking City.

    And people believe “the buyer may have gotten a good deal”.

    Gee, why did I ever move from that special place to Portland. Oh, wait, it’s so I could buy a house that has almost 3 times the square footage on at least 4X bigger lot, for less than half of what that piece of garbage went for.

    But, I don’t have In and Out here.

  10. madhaus Says:

    RoxBoy,

    Duuuuuude, I was contrasting the attitude of white San Franciscans in the early 1980s with current attitudes on what is the Real Bay Area. Back then, Daly City was laughed at for being full of Filipinos (well, probably not laughed at by the Filipinos). Meanwhile the 2 best scoring high schools have teachers who believe if you aren’t Asian that you’re lazy. (Warning: this WSJ story stirred up a hornet’s nest that led to the high school district superintedant resigning.)

    Also here’s an article continuing that look: White Flight from South Bay high schools. Not to escape low-scoring minorities, but high-scoring minorities.

  11. RoxBoy Says:

    madhaus,

    Duuuuuuude, i’ve been to schools where white is the majority or asian is the majority. I like neither. i prefer where there is an equal mix of both races. check-n-balance you know what i mean?

  12. madhaus Says:

    RoxBoy: Not sure what that has to do with any of the earlier comments, but, sure.

    Here are some more Zen Realty koans for all of you to meditate on as you live cold in winter.

    Nan-in, a Japanese master during the Meiji era (1868-1912), received a university professor who came to inquire about Zen Realty.

    Nan-in served tea. He poured his visitor’s cup full, and then kept on pouring to water his lawn.

    The professor watched the overflow until he no longer could restrain himself. “It is overfull. No more will go in!”

    “Like this cup,” Nan-in said, “you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup on my lawn?”

    Suiwo, the disciple of Hakuin, was a good teacher. During one summer seclusion period, a pupil came to him from a southern island of Japan.

    Suiwo gave him the problem: “Hear the sound of a mortgage amortizing.”

    The pupil remained three years but could not pass this test. One night he came in tears to Suiwo. “I must return south in shame and embarrassment,” he said, “for I cannot solve my problem.”

    “Wait one week more and meditate constantly,” advised Suiwo. Still no enlightenment came to the pupil. “Try for another week,” said Suiwo. The pupil obeyed, but in vain.

    “Still another week.” Yet this was of no avail. In despair the student begged to be released, but Suiwo requested another meditation of five days. They were without result. Then he said: “Meditate for three days longer, then if you fail to attain enlightenment, you had better put down thirty percent.”

    On the second day the pupil was enlightened.

    One evening as Shichiri Kojun was reciting sutras a thief with a sharp
    sword entered, demanding either the deed to his house or his life.

    Shichiri told him: “Do not disturb me. You can find the deed in that
    drawer.” Then he resumed his recitation.

    A little while afterwards he stopped and called: “I
    need some to pay property taxes tomorrow. They are now yours, and the house will be re-assessed at market value.”

    The intruder realized Shichiri had lived there since 1972, and left quickly without the deed.

    A few days afterwards the fellow was caught and confessed, among
    others, the offense against Shichiri. When Shichiri was called as a
    witness he said: “This man is no thief, at least as far as I am concerned.
    He entered my house and then decided to leave.”

    After he had finished his prison term, the man went to Shichiri and became his disciple. He only pays $150 a month to share the house.

  13. madhaus Says:

    dang, none of my formatting worked! There are 3 different koans there. Meditate on where one ends and the next begins.

  14. RoxBoy Says:

    madhaus,

    oh just a comment. nothing to do with your previous posts. peace. madhaus u japanese?

  15. madhaus Says:

    Roxboy: wasn’t startin’ nothin’, we’ve already got 1 war going on in the blog.

    No, I’m not Japanese, I’m whiter than sour cream. But I do love Zen koans.

  16. ex-sunnyvale-renter Says:

    Madhaus – take a white and an asian with the same grades, the asian will get into the UC system, the white will be told to go bondo cars.

  17. Pralay Says:

    Meanwhile the 2 best scoring high schools have teachers who believe if you aren’t Asian that you’re lazy.
    ———

    The irony is that there are teachers, who themselves are whites, don’t want white kids in their classes. Because Chinese/Indian kids means better score. Better score means better performance reviews for teachers and more school fundings.
    These schools became pressure-cooker systems where score is the only thing that counts. And teachers and parents – all are obsessed with score.

  18. RealEstater Says:

    >>Because Chinese/Indian kids means better score.

    Let’s not generalize. If the above is true, why does Fremont not have good schools, despite a large Indian population? Why does Daly City not have good scores with all the Asians there?

  19. Pralay Says:

    Let’s not generalize. If the above is true, why does Fremont not have good schools, despite a large Indian population? Why does Daly City not have good scores with all the Asians there?
    ————-

    That’s because what those teachers (and many parents) think is precisely “generalization”.

    In the end, it all depends on upbringing, economic background and, most importantly, how much score obsessed parents push their children for scoring better.

  20. Jim Says:

    They should change the name of the street from “Hanover” to Hangover”. :/

  21. madhaus Says:

    <Let’s not generalize. If the above is true, why does Fremont not have good schools, despite a large Indian population? Why does Daly City not have good scores with all the Asians there?

    If you had read my previous comments and their links, you would have learned:

    &nbsp&nbsp&nbsp&nbsp&nbsp 1. Daly City attracts Filipinos not Chinese & Indians. Different priorities.

    &nbsp&nbsp&nbsp&nbsp&nbsp 2. Mission San Jose, Fremont, is ranked one of the highest-scoring high schools in &nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp Silicon Valley and has a large Asian population.

    Now you must empty your cup to water my lawn, and pay thirty percent down. However, your qualifications do not meet my needs for a disciple at this time.

  22. madhaus Says:

    burbed, please do something about the formatting working in preview but not in posting.

  23. RoxBoy Says:

    “Let’s not generalize. If the above is true, why does Fremont not have good schools, despite a large Indian population? Why does Daly City not have good scores with all the Asians there?”
    ————-

    First, indians are not asians. I know I know, they are categorized as asians but asians dont consider indians as asians. Majority of indians in fremont are immigrants on H1B visas which means they already have a college degree when they came to fremont.

    Daly City has a large population of Filipinos. Filipinos are not generally considered school materials much like blacks and mexicans in the US. In fact asians consider filipinos as asian-mexicans.

    So this explains why fremont and dalycity are academically less competitive than schools in other cities that have more chinese/koreans/taiwanese/japanese/vietnamese.

    (no offense to filipinos/mexicans, but feel free to blast your angry emails at me)

  24. RealEstater Says:

    >>So this explains why fremont and dalycity are academically less competitive than schools in other cities that have more chinese/koreans/taiwanese/japanese/vietnamese.

    What about SF China Town, or Santa Clara with all the Korean population? Are these districts reknowned for their academic excellence?

  25. RoxBoy Says:

    Pralay said:
    “What about SF China Town, or Santa Clara with all the Korean population? Are these districts reknowned for their academic excellence?:

    schools in sf chinatown are private schools, they get money from private funds. there is no highschool in sfchinatown so kids there go to Gallileo. In the 90s, Gallileo was considered the number #1 high school in the entire country. there were more kids graduating from Gallileo and going to Ivy league schools than any other high schools in the country. is that considered academically excellence???

    I dont know anything about Santa Clara so i have no comments.

  26. rick Says:

    RoxBoy and all, this is an interesting topic.

    I don’t know any Asian kids that graduated from Fremont schools, but quite a few in Cupertino and SF. Heck I don’t even have friends with a kid enrolled in a Fremont or bad east bay school, they usually move out of the area before their kid reaches kindergarden, I know a lot of those families.

    Madhaus is probably an Oriental, we often confuse Oriental and Asian. But I don’t think that is the right desciption of certain groups.

  27. DreamT Says:

    Daly City in my experience (10 years ago) has more Hispanic people than Filipino. There’s a concentration of Filipino but I did not observe that they made a local majority.
    As for what country qualifies as Asian, technically neither Japan nor the Philippines are in Asia, they are part of the Pacific Islands. India is in Asia. But who cares about geography (or tectonic plates) right? It’s culture that seems to matter. And in that respect, you find people in the same country that see themselves belonging in different continents.
    Finally, it is tempting to link academic excellence to country of origin (or ethnicity) but the reality is that it is even more related to social class, family wealth, family structure, pressure from the neighborhood, and quality of the teachers.
    Also Palo Alto and Los Altos school districts are comparable in performance with the Cupertino school district and are not majority Asian. I would explain aberrations such as Monta Vista as a local rat race to outperform the neighbor’s kids rather than a reflection of how Chinese people outperform others academically.

  28. madhaus Says:

    Madhaus is probably an Oriental, we often confuse Oriental and Asian. But I don’t think that is the right desciption of certain groups.

    Rick, why do you think I am Asian? (People are not Oriental, things are Oriental. Very improper form to call a person an Oriental.) I said in this post that I am “whiter than sour cream” with a link to the song that celebrates my being a nerd of European ancestry.

    But Rick, you are right about one thing. Oriental means from the East, and I am indeed from the East.

    Coast.

    Of the USA.

    It’s been amusing enough how many of you think I’m a guy.

    It’s also been great fun how a certain poster hasn’t found the least expensive 3/2 in the zip code.

  29. RoxBoy Says:

    “But Rick, you are right about one thing. Oriental means from the East, and I am indeed from the East.

    Coast.

    Of the USA.”
    ————————
    So you are a US Oriental? much like this lady here ->

  30. RoxBoy Says:

    i cant include an image either?

  31. madhaus Says:

    i cant include an image either?

    You can, but we don’t get to see it. I think burbed is having problems with the CSS’s. Or something.

  32. burbed Says:

    I think it’s intentionally disabled. There’s enough spam as it is. Sorry. Just provide a URL!

  33. Brian Says:

    BTW – They have painted this house, if you look at the street view of it.


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