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.

May 9, 2008 | Filed Under City of San Carlos, Dollar Loss: $50k to $100k, Foreclosure or Shortsale, Last Sale in 2005, Listing in 11/2007, Loss: 10 to 20%, Price Reductions, Price: 400000 to 600000, Sqft: 1000 to 1500 

Comments

2 Responses to “3354 BRITTAN Ave #00009 San Carlos, CA 94070”

  1. Jorge on May 9th, 2008 5:02 pm

    Pricing history like this is one of the reasons I decided not to buy a condo. From 1989 to 1994, the condo went down a lot in price, then now it is listed at less than twice the 1989 price, and this is in a nice area like San Carlos. It is obvious the line that prices double every 10 years is BS, it will soon be 20 years from ‘89 and prices will not be anywhere close to 900k. But yeah, a rent of $1950/month means paying more than $390k would be really uneconomical. I wonder what the rents were in ‘94 an ‘89 though.

  2. admin on May 9th, 2008 6:28 pm

    The HOA is also pretty high at this place. I think for my landlord it was something like $435 because he had the 3 bedroom. I lived there for 2 years and 3 months from 2005 to 2007. He only raised the rent 25 bucks. I’m pretty sure he bought a loooooong time ago, though, since one of my roomies has lived there for 30 years. She said the rent was about $1000 in the 80s and she shared with her sister back then. Now her rent is up to $700 in 2008. This means after 20 years her rent went up $200.

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