Community Profile: Golden Hill
Category: San Diego Real Estate
Published: Monday, July 27, 2009
The Golden Hill neighborhood of San Diego is one of the city's best kept secrets. South of both Balboa Park and the adjoining community of South Park, historic Golden Hill is one of San Diego's most architecturally significant neighborhoods. Stately mansions dating to the 19th century, early 20th century apartments and lots of early to mid-century bungalows exude California charm and an ease of living that belies the neighborhood's close proximity to downtown. Almost half of the area's homes date to pre-1900 and maintain an elegance that is reminiscent of early San Diego and the time when friars and cowboys both regularly strolled the streets.
Golden Hill is within easy walking distance of downtown, University Heights and City College, making it the perfect neighborhood for pedestrian travelers or bicycle commuters. It is also located adjacent to the 5 and 94 freeways, providing fast commute times for residents working outside the downtown area. The gentle sloping streets offer some of the best views of the downtown skyline and the short distance to Balboa Park offers Golden Hill residents easy access to the cultural activities at the museums or simply quiet afternoons under the trees at San Diego's largest urban park.
Golden Hill = Affordable Culture Among San Diego Foreclosures
Golden Hill may be the distinguished grand dame among San Diego's historic neighborhoods but that doesn't mean there aren't San Diego foreclosures bargains to be found among the mansions and bungalows. There are currently 231 foreclosures listed in the Golden Hill neighborhood, many of them at prices that have not been seen in decades. According to market analyst MDA DataQuick, the median price among homes sold in the past month dropped to $132,000, down 42% from the same period last year.
By comparison, nearby Logan Heights foreclosures are selling for $142,000 and Kensington and Normal Heights bank homes are currently closing at $456,500. The affordability of Golden Hill, coupled with the architectural beauty and historic significance of these homes, can't be beat anywhere in the central San Diego area. For a personalized tour of the best Golden Hill and other San Diego foreclosed homes, contact the experts at Oak Tree Realty Group San Diego today.
Oak Tree Realty Group San Diego specializes in San Diego foreclosures and San Diego County bank homes in every community. For information on all the finest San Diego County foreclosures contact Oak Tree Realty Group San Diego at 1-800-516-7791 for a custom showing.
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