446 Andover Dr Pacifica, CA 94044
446 Andover Dr Pacifica, CA 94044
Price: $459,000
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,130 |
| $/Sq. Ft.: | $406 |
| Lot Size: | - |
| Property Type: | Detached, Single-Family Home |
| Property Style: | Ranch |
| Year Built: | 1965 |
Last sales: Apr 07, 2005 $598,000 Jun 29, 2005 $685,000
Loss if sold for asking: $226,000 or 33%
This is a pre-foreclosure, which means that if it doesn’t sell and gets foreclosed it will probably come back on the market at a lower price. It’s a small rancher in Pacifica that doesn’t seem all that special. I would buy it if it were another 50% off.
July 21, 2008 | Filed Under City of Pacifica, Dollar Loss: $200k to $300k, Last Sale in 2005, Loss: 30 to 40%, Price: 400000 to 600000, Sqft: 1000 to 1500
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This house will rent for about $2,200 per month at most. If you put 20% down and have a 30 year fixed $367,000 mortgage, the monthly cost is around $2,350 at a 6.5% rate.
You do have to pay for property taxes and maintenance if you buy, but you also get the mortgage deduction.
You do not need prices to fall another 50% for the mortgage payment to be similar to the rent.