504 MONTEREY Rd #00011 Pacifica, CA 94044
504 MONTEREY Rd #00011 Pacifica, CA 94044
Price: $405,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,050 |
| $/Sq. Ft.: | $386 |
| Lot Size: | - |
| Age (Years): | 27 |
| Year Built: | 1981 |
Listing price history:
| Date | Price |
| Nov 13, 2007 | $699,000 |
| Feb 06, 2008 | $599,000 |
| Feb 18, 2008 | $499,000 |
| Mar 07, 2008 | $405,000 |
Last sale: Aug 24, 2006 $660,000
Loss if sold for asking: $255,000 or 38.6%
Comments: This one just went through a $94k price reduction a couple days ago. It looks like a decent condo. The Redfin description says “daysleeper, please tone down voice while talking”. That sounds pretty scary since it sounds like a vampire or something lives there.
3354 BRITTAN Ave #00009 San Carlos, CA 94070
3354 BRITTAN Ave #00009 San Carlos, CA 94070
Price: $449,000
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 1,040 |
| $/Sq. Ft.: | $432 |
| Lot Size: | - |
| Age (Years): | 34 |
| Year Built: | 1974 |
Listing price history:
| Date | Price |
| Nov 23, 2007 | $549,000 |
| Feb 15, 2008 | $449,000 |
Last sale: May 12, 2005 $510,000
Loss if sold for asking: $61000 or 12%
Comments: This listing is pretty interesting to me because I used to live in that complex. It’s a nice area on the top of Brittan in San Carlos, but the condos are pretty old. When I lived there in 2005 these condos were selling like hotcakes for ridiculous prices in a matter of days and the real estate agents delivered the sales notices to every condo as a way to gloat or something. I lived in the 3 bedroom version with 2 roommates and paid $650 in rent per month. So I’d say it’s much more economical to rent these condos.
453 CORK HARBOUR Cir #H Redwood Shores, CA 94065
453 CORK HARBOUR Cir #H Redwood Shores, CA 94065
Price: $595,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,328 |
| $/Sq. Ft.: | $448 |
| Lot Size: | - |
| Age (Years): | 22 |
| Type: | Condominium |
Listing history:
| Date | Price |
| Aug 23, 2007 | $685,000 |
| Oct 15, 2007 | $669,000 |
| Dec 13, 2007 | $650,000 |
| Jan 29, 2008 | $619,000 |
| Apr 22, 2008 | $595,000 |
Last sale: Jun 06, 2005 $648,000
Loss if sold for asking: $53,000 or 8.2%
Comments: This is another oldie but a goodie. The sellers tried to break even last year, but failed. I think it may just follow the market down some more. This is a condo in a landfill with a $460 HOA.
369 N CLAREMONT St #00002 San Mateo, CA 94401
369 N CLAREMONT St #00002 San Mateo, CA 94401
Price: $425,000
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 1,237 |
| $/Sq. Ft.: | $344 |
| Lot Size: | - |
| Age (Years): | 16 |
| Type: | Townhouse |
Listing price history:
| Date | Price |
| Mar 22, 2007 | $599,000 |
| May 09, 2007 | $570,000 |
| Nov 26, 2007 | $497,889 |
| Feb 18, 2008 | $450,000 |
| May 05, 2008 | $425,000 |
Last sale: Jun 08, 2005 $535,000
Loss if sold for asking: $110000 or 20.6%
Comments: This is such a good example of following the market down. Apparently the sellers listed this puppy last year hoping for a profit, and now it is a short sale after 413 days on the market.
Updates of Properties Listed in 9/2007
On this blog I have featured quite a few properties that have been on the market for a while. Today I figured that I should do an update on the properties that were first listed in September 2007. Here they are:
1 Mandalay PL #1011 South San Francisco, CA 94080 - This one got another $101k haircut so the current price is $549,000.
303 PHILIP DR #00306 Daly City, CA 94015 - This one is unchanged so the price is still $459,900.
303 PHILIP DR #00305 Daly City, CA 94015 - Yeah this is the next door neighbor of the last one. It got a $19k price reduction so it’s now at $480,000.
1340 WINDERMERE AVE Menlo Park, CA 94025 - Another house on the doomed Windermere Ave. It looks like this one’s price has been reduced $40k to $459000 since it has been on this blog.
350 MICHELLE LN Daly City, CA 94015 - This property is pending with release, which means that an offer has been made. We will see in a couple month what the sales price was.
431 DOUGLAS AVE Redwood City, CA 94063 - This one is unchanged and still for sale at $350,000.
The other two properties I listed have gone off the market. I am not sure if they’re sold, though. I will check back on them in a couple months.
2191 POPLAR Ave East Palo Alto, CA 94303 - 100k Pricecut every 2 Weeks
2191 POPLAR Ave East Palo Alto, CA 94303
Price: $199,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 920 |
| $/Sq. Ft.: | $216 |
| Lot Size: | 5,000 Sq. Ft. |
| Age (Years): | 58 |
| Year Built: | 1950 |
Listing price history:
| Date | Price |
| Mar 07, 2008 | $499,000 |
| Mar 19, 2008 | $450,000 |
| Apr 04, 2008 | $399,000 |
| Apr 14, 2008 | $350,000 |
| Apr 23, 2008 | $299,000 |
| May 08, 2008 | $199,000 |
Last sale:
Aug 21, 1995 $148,000
Comments: My friend Michael showed me this one. It hasn’t gone lower than its last sales price, yet, but it is getting $100k price cuts every two weeks since last month. So maybe if you wait for two weeks this one will roll back to 1995.
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