948 DAISY ST San Mateo, CA 94401
948 DAISY ST San Mateo, CA 94401

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 | |
| Dec 27, 2005 | $699,000 |
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

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

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 |
| 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
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.
