[quote=deadzone]Wow, $114 per square foot? I know Mt Helix area isn’t so trendy anymore but I would think it is still somewhat desirable. That is crazy cheap. Any reason to think those prices don’t portend bigger drops in the future for desirable coastal areas?[/quote]
I don’t think so, deadzone. I haven’t checked, but would surmise the second one likely has no access to city sewer (on septic) and the first one may not either. A/C is also needed there 4-6 mos per year. LM is a completely “different world” than Sunset Cliffs or LJ. They are “apples and oranges.” Not “worse” to live in, just “different.”
I think the lower asking prices up there are just a function of a current predominately younger buying demographic that doesn’t appreciate custom builds and large lots as well as a LOT of current inventory in the county to choose from in that price range. I think Mt. Helix is pretty convenient to everything and is country in the middle of the city but it IS mostly technically “urban,” esp on the west side.
I love the privacy in that area and the westerly-facing properties DO have Mission Bay and ocean views. In spite of the above drawbacks, both properties are VERY appealing to me, the first much moreso.
If you are able to make an offer, deadzone, you should! It’s your “chance of a lifetime” to possibly obtain a property you will probably die in :=}
