199 SELBY LN Atherton, CA 94027 Relisted Today!
It appears that this Atherton foreclosure just got a new MLS listing today and the old listing information has been wiped. It is another $30,000 cheaper, and there are open house dates for 4/26 and 4/27. This is probably the cheapest property in Atherton, and it’s really just a few blocks from where I live. Unfortunately I will be out of town next weekend so I won’t be walking over to check it out. I can’t afford it anyway.
San Mateo Home Sellers in Trouble – Listings from 3/24/2008 to 4/6/2008
Alright, I finally got the list compiled and updated. A few of the listings have already been taken off market. I’m not sure if they are sold or foreclosed, though. This time the top loser by percentage is in Menlo Park. The most depressed ares are still East Palo Alto and Daly City. However, the Dumbarton area (Zip Code 94063) of Redwood City is also getting hit pretty hard.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1835 ROOSEVELT AVE Redwood City, CA 94061
1835 ROOSEVELT AVE Redwood City, CA 94061
Price: $699,888
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 1,670 |
| $/Sq. Ft.: | $419 |
| Lot Size: | 4,784 Sq. Ft. |
| Age (Years): | 82 |
| Year Built: | 1926 |
| Type: | Detached Single Family |
Price history:
| Date | Price |
| Nov 26, 2007 | $820,000 |
| Jan 16, 2008 | $799,888 |
| Mar 19, 2008 | $699,888 |
Loss if sold for asking: $2112 or 3%
Comments: This house is in my neighborhood and it is not a bad house. The realtor seems to have English and vowel issues since he/she wrote: “Sellers needs to SALE. . Brng thm an offer”. This is another case of stubborn sellers. If they really needed to sell, why did they list it for 120k over what they paid for a few months ago? Now it’s been on the market for over four months and I bet people are just sitting on the sidelines waiting for it fall some more.
764 8TH AVE Redwood City, CA 94063
764 8TH AVE Redwood City, CA 94063
Price: $678,000
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,510 |
| $/Sq. Ft.: | $449 |
| Lot Size: | 5,500 Sq. Ft. |
| Age (Years): | 53 |
| Year Built: | 1955 |
| Type: | Detached Single Family |
Price history:
| Date | Price |
| Oct 22, 2007 | $830,000 |
| Nov 08, 2007 | $798,000 |
| Apr 02, 2008 | $678,000 |
Last sale: Jul 13, 2005 $760,000
Loss if sold for asking: $82000 or 10.8%
Comments: These obstinate sellers finally fell into trouble territory this month. If they had priced their house at 700k a couple years ago it might have sold quickly, but it’s now 2008, and the Dumbarton neighborhood is being devalued every single day. I think this property will go down quite a bit to be in line with its zipcode.
718 S IDAHO ST #1 San Mateo, CA 94402
718 S IDAHO ST #1 San Mateo, CA 94402
Price: $488,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,450 |
| $/Sq. Ft.: | $337 |
| Lot Size: | 99 Sq. Ft. |
| Age (Years): | 27 |
| Type: | Townhouse |
Price History:
| Date | Price |
| Apr 13, 2007 | $699,000 |
| May 18, 2007 | $669,000 |
| Jun 05, 2007 | $629,000 |
| Aug 08, 2007 | $579,000 |
| Oct 15, 2007 | $569,000 |
| Mar 24, 2008 | $538,000 |
| Mar 24, 2008 | $488,000 |
Last sale: Aug 11, 2005 $720,000
Loss if sold for asking: $232,000 or 32.2%
Comments: This one is an oldie but a goodie. I first saw it about a year ago and I thought, woah! $120k reduction! Now a year later it still hasn’t sold and it just endured another six price cuts. I guess noone wants a foreclosure. Perhaps after being featured on this blog it will sell?
2460 PARK RD Redwood City, CA 94062
2460 PARK RD Redwood City, CA 94062
Price: $1,104,900
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,030 |
| $/Sq. Ft.: | $544 |
| Lot Size: | 5,000 Sq. Ft. |
| Age (Years): | 6 |
| Year Built: | 2002 |
Listing history:
| Date | Price |
| Jan 19, 2008 | $1,151,900 |
| Feb 28, 2008 | $1,128,900 |
| Apr 06, 2008 | $1,104,900 |
Peak sale price: Aug 25, 2005 $1,410,000
Property value loss: $300000 or 21.3%
Comments: This is a Countrywide foreclosure. It is in the Emerald Hills area of Redwood City, which is quite nice. The pictures on the listing aren’t very flattering, though. Whoever buys this should get it reassessed and get a huge tax deduction.
Offers
Subscribe to San Mateo Home Sellers in Trouble
light bulbs
Teacher Mortgage Loans