446 Andover Dr Pacifica, CA 94044
446 Andover Dr Pacifica, CA 94044
Price: $459,000
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,130 |
| $/Sq. Ft.: | $406 |
| Lot Size: | - |
| Property Type: | Detached, Single-Family Home |
| Property Style: | Ranch |
| Year Built: | 1965 |
Last sales: Apr 07, 2005 $598,000 Jun 29, 2005 $685,000
Loss if sold for asking: $226,000 or 33%
This is a pre-foreclosure, which means that if it doesn’t sell and gets foreclosed it will probably come back on the market at a lower price. It’s a small rancher in Pacifica that doesn’t seem all that special. I would buy it if it were another 50% off.
Cheapest San Mateo Homes by Price per Square Foot 7/19/2008 Edition
This is is a continuation of the cheapest homes by price per square foot in each San Mateo city. Now it’s time for the June 2008 issue.
Atherton - The newest cheapest home in Atherton is at 1 Odell Place. At $632 per square foot, this house in Atherton is only $1.895 million. That is about 50% of the median price in Atherton.
Belmont - This townhouse is 2411 Carlmont Dr #107 is currently $322 per square foot after a $50000 pricecut. It is only slightly above its 2004 sale price of $625000 so perhaps it will become a home in trouble soon.
Brisbane - This condo in Brisbane went back on the market again. Supposedly it was sold on July 1st for 522k. Now it is going for $322 per square foot.
Burlingame - This condo at 1500 Sherman Ave #2B is currently the cheapest home at $423 per square foot. Like other San Mateo County condos, this condo has a fairly high HOA fee.
Colma - 431 D St in Colma is currently listed for $291 per square foot. However, it is 3587 square feet so the total price tag is still over a million. This home is open tomorrow from 2 to 4 pm.
Daly City - This Crown Colony condo is listed at $178,000 and that is almost $200k off its top sale price of $370k in 2004. It is $218 per square foot and it is the cheapest property in Daly City. Anyway, Crown Colony is not really the best condo complex. Just recently they tried to charge everyone a very expensive assessment fee.
East Palo Alto - This house at 2155 Dumbarton Ave still has an assessed value of over $600k, but it is listed for $279,900. This is about $168 per square foot.
Foster City - This condo at 924 BEACH PARK Blvd #15 is now listing for $360 per square foot. This is lower than the previous record.
Half Moon Bay - This listing at 1017 Dwight has gone through three more price cuts in July and is now listing for $223. This looks like a decent home.
Hillsborough - The same mansion at 10 Crystal Springs Terrace measuring over 6000 square feet gone through pricecuts of almost $1 million dollars. Now it’s $324 per square foot compared to $470 per square foot in the last report. Now it is officially a home in trouble.
Menlo Park - 1364 Windermere Ave is now listing for $309 per square foot. It has dropped from 755k to 495k.
Millbrae - This old rancher at 307 Roblar Ave is listed for $395 per square foot. Millbrae has been a hot area lately and homes have sold for over asking.
Pacifica - The new winner in Pacifica is at 614 Farallon Ave at only $282 per square foot. This troubled home is down almost $100k from its last sale price in March 2008.
Portola Valley - This is the same McMansion over 3000 square feet we saw last month. It has dropped over $25,000 and is now $557 per square foot, which is the best deal in Portola Valley.
Redwood City - This duplex at 771 Roosevelt is over 100 years old and has dropped its price nearly $200k. It is now $246 per square foot.
San Bruno - 564 1st Ave supposedly sold for $45,000 only a few months ago. Now it’s listed for approximately $325k or $263 per square foot.
San Carlos - This house supposedly is only $348 per square foot, but they included the square footage of the main house plus two bungalows on the property.
San Mateo - This large house at 136 N El Dorado is assessed at $1.25 million and listing for $999,999. This makes it $250 per square foot. Interesting enough it was bought at the last height housing bubble for for $272k and then sold for $56k a year later.
South San Francisco - Another Westborough condo made the list this time. It is 3550 Carter Dr #52 listed for $236 per square foot.
Woodside - This house on Huckleberry Trail is listing for $479 per square foot. It is described as “Dramatic, Light-Filled Country Contemporary”.
There you have it, some of the best “values” in San Mateo County. There are some new listings, and some oldies still on the market. I will do another update next month!
San Mateo Median Home Price Down $100k from Last Year
Well, the new Dataquick data is out for the month of June. It seems that the median price for Bay Area homes has dipped under $500k for the first time in 4 years. This is good news for those waiting for homes to become more affordable. In the case of San Mateo, sales volume is down 25% from last year and the median sales price is down more than $100k and now it stands at $690,000. This is still quite expensive, but it is down from a high of $819000 recorded in June 2007. This represents a drop of just a little bit over 15% so there is still room for San Mateo real estate to fall. A couple years ago I told my parents that I thought Bay Area real estate could fall 40%, and my mom did not think it would happen, but this year the 40% drop already happened in Solano and Contra Costa Counties. I think San Mateo could get there too with time and more restrictive lending practices. Also, as mortgage rates go up the home prices will go down to compensate for the increased payment sizes. I will just sit back and watch this unfold for now.
828 7TH Ave San Bruno, CA 94066
828 7TH Ave San Bruno, CA 94066
Price: $399,988
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 790 |
| $/Sq. Ft.: | $506 |
| Lot Size: | 2,500 Sq. Ft. |
| Age (Years): | 64 |
| Year Built: | 1944 |
| Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 1 Story |
| View(s): | Neighborhood |
Last sale: Oct 27, 2006 $625,000
Loss if sold for asking: 225,012 or 36%
I love how the description of the house on Redfin reads: “price hard to ignore given the advantages of owing in this area. probably best value home in the area. “ That’s right,if you buy this house you will owe somebody money. That’s very appropriate I suppose.
26 W 4TH Ave #2 San Mateo, CA 94402
26 W 4TH Ave #2 San Mateo, CA 94402
Price: $875,000
| Beds: | 3 |
| Baths: | 3 |
| Sq. Ft.: | 2,500 |
| $/Sq. Ft.: | $350 |
| Lot Size: | - |
| Age (Years): | 88 |
| Year Built: | 1920 |
| Type: | Condominium |
| Style: | Mediterranean |
| Stories: | Low Rise (1-3 Stories) |
| Unit Description: | 1 Level |
| Unit Location: | 1st Floor Unit |
Last sale:
| Jun 01, 2005 | $899,000 |
Loss if sold for asking: $24,000 or 2.7%
At first glance it seems like this condo has very low cost per square foot, but then if you took a look at the HOA you will see why. The fees are $660 a month! The condo is at a very good location at the heart of San Mateo downtown, though. This is open on July 27th from 1 to 4 pm.
1022 VALOTA Rd Redwood City, CA 94061
1022 VALOTA Rd Redwood City, CA 94061
Price: $599,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 950 |
| $/Sq. Ft.: | $631 |
| Lot Size: | 4,000 Sq. Ft. |
| Age (Years): | 56 |
| Year Built: | 1952 |
| Type: | Detached Single Family |
Last sale: Sep 10, 2007 $665,000
Loss if sold for asking: $66,000 or -10.0%
I am pretty sure that this is not a new listing because I have seen a sign with its address at the corner of Woodside and Valota for months. Anyway, this is another example of an overpriced tiny house that has less living space than the condo I live in. It’s still very expensive for the quality of the neighborhood.
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