3791 CALLAN Blvd South San Francisco, CA 94080

3791 CALLAN Blvd South San Francisco, CA 94080

Price: $596,550

Beds: 3
Baths: 2.5
Sq. Ft.: 1,810
$/Sq. Ft.: $330
Lot Size: 2,744 Sq. Ft.
Age (Years): 42
Year Built: 1966

Last sale: Dec 01, 2006 $750,000
Loss if sold for asking: $153450 or 20.5%
Comments:  This is a brand spanking new May listing!  Listing says it needs a little TLC, so I’m guessing you should bid a bit lower to offset the repair costs.

2480 GONZAGA St East Palo Alto, CA 94303 – Rolled Back to 1999!

2480 GONZAGA St East Palo Alto, CA 94303

Price: $220,900

Beds: 3
Baths: 1
Sq. Ft.: 1,010
$/Sq. Ft.: $219
Lot Size: 6,000 Sq. Ft.
Age (Years): 57
Year Built: 1951

Sales history:

Date Price Appreciation
Jun 25, 1999 $230,000

Jun 15, 2005 $560,000

16.1%/yr

Apr 12, 2007 $74,201

-67.0%/yr

Aug 07, 2007 $480,865

>1,000%/yr

Listing history:

Date Price
Apr 10, 2008 $295,900
May 02, 2008 $220,900

Loss if sold for asking:  $259965 or 54.1%

Comments:  Here’s a highlight from the last report.   Okay, so this one is in East Palo Alto, but it just got a new price cut and now the listing price is lower than its 1999 sales price of  $230,000!  Considering inflation and such in the last 9 years, $230,000 in 1999 is worth considerably more than $220,900 now.   We will see if this happens in the rest of San Mateo!

1313 CARLTON Ave Menlo Park, CA 94025

1313 CARLTON Ave Menlo Park, CA 94025

Price: $375,000

Beds: 3
Baths: 1
Sq. Ft.: 1,110
$/Sq. Ft.: $338
Lot Size: 6,000 Sq. Ft.
Age (Years): 59
Year Built: 1949

Listing history:

Date Price
Mar 28, 2008 $475,000
Apr 10, 2008 $375,000

Last sale: Jun 24, 2005 $675,000

Loss if sold for asking: $300000 or  44.4%

Comments:  In the last summary issue of San Mateo Home Sellers in Trouble we saw 1320 Carlton in Menlo Park.  It seems that this house down the street at 1313 Carlton is a much better deal.  This is a short sale and it’s bigger than the property at 1320.   These two houses on Carlton are currently the cheapest homes in Menlo Park by listing price.

   
   
   
   
   
   
 

1522 2ND Ave San Mateo, CA 94401

1522 2ND Ave San Mateo, CA 94401

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Price: $479,900

Beds: 2
Baths: 1
Sq. Ft.: 970
$/Sq. Ft.: $495
Lot Size: 5,200 Sq. Ft.
Age (Years): 62
Year Built: 1946

Sales history:

Sep 02, 2005 $685,000

Jan 11, 2008 $493,000

Loss if sold for asking: $13100, or  2.7%

Comments:  This is currently the cheapest single family home in the city of San Mateo by price.  It is pretty ugly, though.  I am pretty sure it is a foreclosure because the last price was from January of this year and it is higher than the listing price.  It is down 200k from its price in 2005.

170 NORTHUMBERLAND Ave Redwood City, CA 94063

170 NORTHUMBERLAND Ave Redwood City, CA 94063

doll.jpg

Price: $279,000

Beds: 2
Baths: 1
Sq. Ft.: 630
$/Sq. Ft.: $443
Lot Size: 2,625 Sq. Ft.
Age (Years): 103
Year Built: 1905

Listing history:

Date Price
Feb 25, 2008 $349,000
Mar 17, 2008 $329,000
Apr 07, 2008 $299,000
Apr 17, 2008 $279,000

Last sale:   Apr 01, 2005 $485,000

Loss if sold for asking: $206,000 or  42.5%

Comments:  This “charming doll house” is over one hundred years old!  It is cute, but is it livable?

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