948 DAISY ST San Mateo, CA 94401

 948 DAISY ST San Mateo, CA 94401

 sanmateo.jpg

Price: $545,000

Beds: 3
Baths: 2
Sq. Ft.: 1,170
$/Sq. Ft.: $466
Lot Size: 5,000 Sq. Ft.
Age (Years): 58
Year Built: 1950
Type: Detached Single Family

Listing Price History:

Date Price
Nov 29, 2007 $649,000
Nov 30, 2007 $575,000
Feb 07, 2008 $545,000

Sales History:

Sep 27, 2000 $438,500

6.9%/yr

Dec 27, 2005 $699,000

9.3%/yr


Loss if sold for asking: 22% or $154000

Comments: Short sale. Quote from listing “Do not miss a great opportunity to “STOP” paying rent and own your own home!!” Notice how the STOP is in quotes, because you will be renting the money from the bank if you take a loan on this small home.

333 3RD AVE Daly City, CA 94014

 

333 3RD AVE Daly City, CA 94014

daly2.jpg

Price: $720,000

Beds: 4
Baths: 3
Sq. Ft.: 2,310
$/Sq. Ft.: $312
Lot Size: 2,520 Sq. Ft.
Age (Years): 21
Year Built: 1986
Type: Attached Single Family

Last Sale Date: 12/27/2006

Last Sale Price: 835000

Loss if sold at asking: 13.8% or $115000

Listing Date: 11/16/2007

852 BELL ST East Palo Alto, CA 94303

852 BELL ST East Palo Alto, CA 94303

Price: $300,000

Beds: 1
Baths: 1
Sq. Ft.: 770
$/Sq. Ft.: $390
Lot Size: 6,600 Sq. Ft.
Age (Years): 83
Year Built: 1925
Type: Attached Single Family

Listing Price History

Date Price
Nov 28, 2007 $350,000
Dec 05, 2007 $300,000

Sales History

Date Price  
Jul 26, 1994 $117,500

Jun 16, 2003 $420,000

Jul 23, 2004 $450,000

Oct 08, 2004 $480,000

Aug 12, 2005 $585,000

 

Loss if sold at asking: 48.7% or $285,000

Comment: This is another roll back to before 2003!

585 VILLA ST #00010 Daly City, CA 94014

585 VILLA ST #00010 Daly City, CA 94014

daly.jpg

Price: $289,000

Beds: 2
Baths: 1.5
Sq. Ft.: 838
$/Sq. Ft.: $345
Lot Size: -
Age (Years): 44
Year Built: 1964
Type: Condominium

Listing Price History

Date Price
Nov 20, 2007 $389,000
Nov 20, 2007 $389,900
Nov 29, 2007 $319,000
Dec 07, 2007 $289,000

Sales History

Date Price  
Jun 10, 1988 $79,000

Sep 13, 1990 $140,000

Nov 05, 1993 $138,000

Jun 09, 1997 $116,000

Jul 10, 1998 $80,000

Apr 14, 2004 $233,600

Jul 21, 2004 $360,000

Sep 06, 2007 $361,369

Loss if sold at asking: 20% or $72369

Comments: What is interesting about this long sales history is that the sale price in 1988 and 1998 are very similar and as we know now 1988 was the peak of the last housing bubble. That is 10 years without much price appreciation. There was also a huge flip in 2004.

425 Higate DR Daly City, CA 94015

425 Higate DR Daly City, CA 94015

Price: $549,000

Beds: 3
Baths: 2.5
Sq. Ft.: 1,760
$/Sq. Ft.: $312
Lot Size: -
Property Type: Detached, Single-Family Home
Property Style: Contemporary
Year Built: 1959

Listing Price History

Date Price
Nov 20, 2007 $583,500
Dec 26, 2007 $569,000
Jan 24, 2008 $549,000

Last Sale Date: 10/9/2007

Last Sale Price: $670,637

Loss if sold at asking: 18.1% or $121637

Comment: Higate seems to be a popular place for home sellers in trouble.  This is an REO listing by some bank.

2529 FORDHAM ST East Palo Alto, CA 94303

2529 FORDHAM ST East Palo Alto, CA 94303

fordham.jpg

 

Price: $320,000

Beds: 3
Baths: 1
Sq. Ft.: 1,010
$/Sq. Ft.: $317
Lot Size: 5,000 Sq. Ft.
Age (Years): 56
Year Built: 1952
Type: Detached Single Family

Listing Price History

Date Price
Jan 07, 2008 $365,000
Feb 27, 2008 $320,000

Sales History

Date Price  
Jan 27, 2004 $360,700

 

Mar 08, 2004 $440,000

 

May 05, 2005 $589,000

 

Dec 03, 2007 $467,500

 


Loss if sold at asking: 31.5% or $147500

Comment: This home is listing at less than its 2004 price, and it seems that it has been flipped quite a few times. This begs the question if there was fraud involved.

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