Sacramento Appraisal Blog

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Walking tours of Oak Park in Sacramento?

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I just finished listening to a 15-minute interview with a Sacramento State professor, Dr. Robin Datel, and Capital Public Radio’s Jeffrey Callison. If you’re looking to understand a bit more about the Oak Park area of Sacramento or even take a walking tour, give it a listen. The interview begins at 13:50.

I plan to take this tour at some point. It could be fun to video tape the tour or photograph it. Anyone else interested?

Walking Tour Resources:
Center for Sacramento History Website
Oak Park Walking Tour Brochure (pdf)
Oak Park Walking Tour Map (pdf)
Images of Oak Park Walking Tour on Flickr

A triplex, the housing boom, and foreclosure twice

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While appraising a triplex in Sacramento I came across an interesting property history of another nearby triplex in the “Gardenland” area of Sacramento in the 95833 zip code. As you can see below, this property has changed hands quite a bit in the past five years, and it has gone into foreclosure twice too. This is actually a fairly common phenomenon because investors and first-time buyers purchased properties several years ago when property values had already come down since 2005, but then the economy took a turn for the worse. Property values decreased even more and unemployment increased dramatically also.

Sales History of a Triplex Property:

10/01/2010  $117,500 (sold on MLS as bank-owned)
08/11/2010  $60,376 (foreclosure transfer)
02/28/2008  $180,000 (sold on MLS as bank-owned)
07/25/2007  $306,000 (foreclosure transfer)
06/22/2006  $399,000 (sale – not on MLS)
05/27/2005  $360,000 (sale – not on MLS)

It’s remarkable to think this triplex once sold at $399,000 and yet closed days ago for $117,500. This property seems to tell the story of the housing bust and current economy, huh? What do you see?

Heavenly Stairway in the “Oak Park” area of Sacramento

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Here is a before and after image of a house in the “Oak Park” area of Sacramento that one of my clients rehabbed recently. It’s a joy to see properties like this get an “extreme makeover” because it’s great for the community and wonderful for one lucky buyer too. The previous stairs were apparently failing, and so someone built a very shoddy walkway on top of them (don’t miss the huge pile of dirt underneath too). The new stairs are quite an improvement, don’t you think? Neighbors just might appreciate the upgrade too.  

Sales in the Pocket-Greenhaven Area of Sacramento

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Here’s a quick trend graph for you of all sales in the Pocket-Greenhaven area of Sacramento over the past three years. What stands out to you? What do you see?

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