996 RONALD Ct Half Moon Bay, CA 94019
996 RONALD Ct Half Moon Bay, CA 94019
Price: $315,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 730 |
| $/Sq. Ft.: | $432 |
| Lot Size: | 1,728 Sq. Ft. |
| Age (Years): | 38 |
| Year Built: | 1970 |
| Type: | Condominium |
Last sales: Aug 30, 2001 $325,000 & May 12, 2005 $450,000
Loss if sold for asking: -$135000 or -30%
Comments: It seems like condos are not very good investments. This one is $10000 under its 2001 price. I guess it is coastside, but it is still a pretty nice place.
211 OAK Ave Redwood City, CA 94061
211 OAK Ave Redwood City, CA 94061
Price: $549,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,320 |
| $/Sq. Ft.: | $417 |
| Lot Size: | 5,000 Sq. Ft. |
| Age (Years): | 86 |
| Year Built: | 1922 |
| Type: | Detached Single Family |
Last REAL sale: Oct 19, 2006 $900,000
Last Bank Repo Sale: Jan 23, 2008 $706,500
Loss if sold for asking: -$350100 or 38.9%
Comments: This is a house pretty close to where I live. I would buy it if it were $350k or so. I guess it might happen in a year or so if it drops at the same rate. This one has an assessment of $900k still. That means an instant equity of $350k!
528 B St Daly City, CA 94014
528 B St Daly City, CA 94014
Price: $495,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 930 |
| $/Sq. Ft.: | $532 |
| Lot Size: | 3,100 Sq. Ft. |
| Age (Years): | 58 |
| Year Built: | 1950 |
| Type: | Attached Single Family |
Last sale: Sep 16, 2003 $498,000
Loss if sold for asking: $3000 or 0.6%
Comments: This one just got relisted today, but it was listed as Colma a couple weeks ago. Anyway, this one is rolled back to 2003, and the assessed value is $528k. Whoever buys this should ask for a new reassessment.
1379 MADERA Ave Menlo Park, CA 94025 – Nearly rolled back to 2001
1379 MADERA Ave Menlo Park, CA 94025
Price: $379,900
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 890 |
| $/Sq. Ft.: | $427 |
| Lot Size: | 6,210 Sq. Ft. |
| Age (Years): | 56 |
| Year Built: | 1952 |
| Type: | Detached Single Family |
Last sale: Apr 03, 2006 $650,000
Loss if sold for asking: $271000 or 41.7%
Comments: I love it, the listing says “Great opportunity for a buyer seeking sweat equity”. Does that mean you have to sweat? Or you are taking the sweat equity of a previous owner? This home actually sold for $375000 in 2001! This means that the listing price today is only $4900 above its 2001 price. Wow, what a bargain!
324 East Moltke St Daly City, CA 94014
324 East Moltke St Daly City, CA 94014
Price: $599,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,970 |
| $/Sq. Ft.: | $304 |
| Lot Size: | - |
| Property Type: | Attached, Single-Family Home |
| Property Style: | Contemporary |
| Year Built: | 1976 |
Last sale: Jan 06, 2006 $792,000
Loss if sold for asking: $193000 or 24.4%
Comments: This is a fairly large house that supposedly has panoramic mountain views. I’m not sure why so many houses in Daly City are painted with horrendous colors, though.
1611 SHOREVIEW Ave San Mateo, CA 94401
1611 SHOREVIEW Ave San Mateo, CA 94401
Price: $508,500
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,020 |
| $/Sq. Ft.: | $499 |
| Lot Size: | 8,064 Sq. Ft. |
| Age (Years): | 58 |
| Year Built: | 1950 |
| Type: | Detached Single Family |
Last sale: Aug 25, 2006 $670,000
Loss if sold for asking: $161500 or 24.1%
Comments: I’m guessing the brickwall is just decorative and not protective because it seems like you can just step over it. Shoreview is not the prettiest neighborhood in San Mateo, but if you just knock off maybe another $100 to $150k off this property you might come out cash flow positive by renting it out.
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