71 BAYPARK Cir South San Francisco, CA 94080
71 BAYPARK Cir South San Francisco, CA 94080
Price: $949,888
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,410 |
| $/Sq. Ft.: | $394 |
| Lot Size: | 7,474 Sq. Ft. |
| Age (Years): | 11 |
| Year Built: | 1997 |
| Type: | Detached Single Family |
Last sale: Nov 17, 2004 $985,000
Loss if sold for asking: $35112 or 3.6%
This home still has an assessment above $1 million but it is under its sale price in 2004. Inflation adjusted it is under the 2003 price. It is fairly large and is only 11 years old. You would think that they would post a few pictures of the property at this price point, but nope, all we have is the street view photo.
Are Short Sales Harder to Complete These Days?
I’ve read some stories recently about short sale offers that were accepted by sellers but rejected by banks. Some examples are here, and here. So what is the deal here? Are banks hoping to get more money through a foreclosure? Are they hoping that these troubled homesellers can refinance into new FHA loans worth 85% of their debt? Does anyone from a bank want to comment on the situation? Are there any other homebuyers going through a short sale now? I would love to hear your stories.
1025 TOYON Dr Burlingame, CA 94010
1025 TOYON Dr Burlingame, CA 94010
Price: $649,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,970 |
| $/Sq. Ft.: | $330 |
| Lot Size: | 6,400 Sq. Ft. |
| Age (Years): | 62 |
| Year Built: | 1946 |
| Type: | Detached Single Family |
Last sale: Jun 24, 2008 $935,420
Loss if sold for asking: $285520 or 30.5%
This home is from a tip by reader Carina. She says “Just wanted you to know, 1025 Toyon, a bank owned property, just came on the market today at $649K. Its a nice size, 3/2 at almost 2000 sq ft, but it is right across the street from the train tracks.” This is indeed a nice sized house in Burlingame. It’s kind of odd that the bank took it back for $935k when the assessed value is only $700k or so. I guess someone went crazy on the cash out refinances. Thanks for your tip Carina!
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