636 PORT DR San Mateo, CA 94404
636 PORT DR San Mateo, CA 94404
Price: $824,900
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,060 |
| $/Sq. Ft.: | $400 |
| Lot Size: | 2,500 Sq. Ft. |
| Age (Years): | 42 |
| Year Built: | 1966 |
| Type: | Attached Single Family |
Last sale: Jan 30, 2008 $899,000
Listing date: 3/15/2008
Comments: Already pending without release. I guess Mariner’s Island is a popular spot in San Mateo. The price is lower than the sales price in 2005.
551 MYRTLE ST Half Moon Bay, CA 94019
551 MYRTLE ST Half Moon Bay, CA 94019
Price: $620,000
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,020 |
| $/Sq. Ft.: | $608 |
| Lot Size: | 3,886 Sq. Ft. |
| Age (Years): | 49 |
| Year Built: | 1959 |
| Type: | Detached Single Family |
| Mar 13, 2008 | $620,000 |
| Mar 25, 2008 | $525,000 |
Last sale: Aug 16, 2005 $630,000
Loss if sold at asking: $105,000 or 16.9%
Comments: Half Moon Bay is really a cool little city. It is a good place to retire. It is also involved in a legal battle with a developer that could bankrupt the city. This listing was originally on this site a couple weeks ago, but the price has dropped $95,000 since then.
650 SAINT FRANCIS BLVD Daly City, CA 94015
650 SAINT FRANCIS BLVD Daly City, CA 94015
Price: $449,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,830 |
| $/Sq. Ft.: | $245 |
| Lot Size: | 3,400 Sq. Ft. |
| Age (Years): | 48 |
| Year Built: | 1960 |
Last sale: Mar 31, 2005 $775,000
Listing date: 3/21/2008
Loss if sold for asking: $326,000 or 42.1%
Comments: The description seems to indicate that this a contractor’s special and needs fixing.
2414 Olympic DR South San Francisco, CA 94080
2414 Olympic DR South San Francisco, CA 94080
Price: $699,000
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,480 |
| $/Sq. Ft.: | $472 |
| Lot Size: | - |
| Property Type: | Single-Family Home |
Last sale: Apr 04, 2006 $850,000
Listing date: 3/14/2008
Loss if sold for asking: $151,000 or 17.8%
Comments: Another boring South City house. This one is bank owned and was used as an adult care facility.
1323 HURON AVE San Mateo, CA 94401
1323 HURON AVE San Mateo, CA 94401
Price: $849,000
| Beds: | 6 |
| Baths: | 3 |
| Sq. Ft.: | 2,840 |
| $/Sq. Ft.: | $299 |
| Lot Size: | 5,500 Sq. Ft. |
| Age (Years): | 61 |
| Year Built: | 1947 |
| Type: | Detached Single Family |
Last sale: Nov 30, 2005 $949,000
Listing date: 3/13/2008
Loss if sold for asking: $100,000 or 10.5%
Comments: This is a fairly large home for San Mateo, and it is probably the best value per square foot. Not a bad house for la family with four kids or something.
Price Reductions on Stonegate Condominiums in San Mateo
A few months ago I reviewed a new development in San Mateo called the Stonegate Condominiums. It’s kind of funny but now that review ranks #1 in Google for the search “stonegate san mateo” and various other search terms relating to the complex. I called the prices “barfalicious”, because most of the condos were selling for over $700 per square foot. Well, now nearly 8 months later. We are seeing some price reductions on these places.
20 Madison #102 - $30,000 drop. It’s still $653 per square foot but now it’s pending with release.
20 Madison #206 - This is one of the original plan Is in the price sheet I saw 7 months ago. It’s down only $13,000 from the price sheet so there is room for this to fall.
20 Madison #109 - This has a pricecut of $20,000 on Redfin, but it was also originally priced around 780k on the price sheet in August. So in actuality it’s suffering a $30,000 pricecut.
20 Madison #303 - Pricecut of $60,000 on Redfin, and yet it’s still $631 per square foot. This type of condo on the original pricesheet is $698 per square foot. So this amounts to a 10% reduction.
20 Madison #203 - Another recorded pricecut of $60,000 on Redfin. This is the same type as #303.
20 Madison #113 - $50,000 reduction. This is one of the larger units, and is down to $603 per square foot.
20 Madison #208 - No price reduction recorded on Redfin, but on the original pricesheet it was 855k. Now it’s listing for 818k so it is a 37k reduction.
There you have it. It is not exactly a firesale, but prices have come down 10% on some of these these new condos. The average price per square foot for condos in San Mateo is around $500, so the Stonegate complex is still on the higher end of the spectrum. Though it is cheaper than this condo listing on 6th street that is trying to sell for $884 per square foot and requires a $794 HOA per month.
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