1551 SOUTHGATE Ave #148 Daly City, CA 94015
1551 SOUTHGATE Ave #148 Daly City, CA 94015
Price: $108,000
| Beds: | 0 |
| Baths: | 1 |
| Sq. Ft.: | 495 |
| $/Sq. Ft.: | $218 |
| Lot Size: | - |
| Property Type: | Condominium |
| Year Built: | 1974 |
| Stories: | 1-3 (Low Rise) |
| Neighborhood: | St. Francis Heights |
| County: | San Mateo |
| MLS#: | 80843616 |
| Source: | MLSListings |
| Status: | Active |
| On Redfin: | 39 days |
Another cheap condo near $100k. However, this one is a short sale so the lender may want offers above the list price.
418 YORKSHIRE Way Belmont, CA 94002
418 YORKSHIRE Way Belmont, CA 94002
Price: $577,900
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,010 |
| $/Sq. Ft.: | $572 |
| Lot Size: | 5,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1953 |
| Stories: | 1 |
| Neighborhood: | Homeview/ |
| County: | San Mateo |
| MLS#: | 80849100 |
| Source: | MLSListings |
| Status: | Active |
| On Redfin: | 1 day |
Last sale:
| Jan 10, 2007 | Sold | $780,000 |
This listing first came up in May for $650k, and then it probably got foreclosed on, and now it’s back on the market as a REO for around 70k less than the May price. That’s a decent discount of $10k per month, but it’s still $572 per square foot.
Single Family Home Under $100,000 in San Mateo County? 208 Los Olivos Ave Daly City, CA 94014
208 Los Olivos Ave Daly City, CA 94014
Price: $80,000
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,090 |
| $/Sq. Ft.: | $73 |
| Lot Size: | - |
| Property Type: | Single-Family Home |
| Year Built: | 1914 |
| Region: | San Mateo County/ |
| Area: | Original Daly City |
| County: | San Mateo |
| MLS#: | 350427 |
| Source: | San Francisco MLS |
| Status: | Active |
| On Redfin: | 4 days |
Okay, on a first glance this looks like a super good deal, but then if you read the description it makes you think to yourself, “what the hell am I buying?”
This is the property description: “Occupant is a 60 year old female in good health. (she states) She was bequesthed a life estate in the property. She must pay all expenses, ie taxes, insurance, maintenance, etc. What is being sold is the remainder inerest.”
Are you buying the home with the occupant inside? Does she even own the house? It seems all a bit iffy. The listing agent also doesn’t know how to spell “bequeathed” and “interest”.
Almost cheaper than rent – N BAYSHORE Blvd #121 San Mateo, CA 94401
N BAYSHORE Blvd #121 San Mateo, CA 94401
Price: $289,900
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 1,020 |
| $/Sq. Ft.: | $284 |
| Lot Size: | - |
| Property Type: | Condominium |
| Year Built: | 1982 |
| Stories: | 1-3 (Low Rise) |
| View: | Neighborhood |
| Neighborhood: | North Shoreview/ |
I’ve visited this condo complex before when my husband and I were looking for a place to rent. It is located right next to the 101, but if you are in a rear unit it’s not very noisy. The rooms have good sizes, but it’s a bit old. There also isn’t that much amenities in the complex. The asking rent was $1600 a month, and we thought it was decent, but we didn’t choose it because of the location. Anyway, at this price, if you put 20% down and qualify for the best 30 year fixed loan right now with a 5.25% interest rate, you could possibly be paying less than rent if you itemize your taxes. Here are the calculations:
Loan: 231920 30 year fixed at 5.25%
Monthly mortgage payment: 1280.67
Monthly association fee: 340 includes landscaping and common area insurance
Taxes: Currently $482 a month according to county records, but it’s possible to get it reduced after you purchase it for the new price.
Additional insurance: 50 a month
Total: $2152.67
If you itemize your taxes and deduct mortgage interest and tax then you could get a few hundred dollars back a month in taxes depending on your tax bracket and around $270 a month is equity in the first year. If you negotiate the price down another $30k or so you’d be definitely paying less than rent. This is a bank owned property that has been on the market for a very long time so it is possible you can get a bigger discount. Even though this isn’t really the most desirable part of San Mateo, it’s nice to see that buy and rent is almost in sync.
2 WILBURN Ave, Atherton, CA
2 WILBURN Ave Atherton, CA 94027
Price: $1,495,000
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,300 |
| $/Sq. Ft.: | $650 |
| Lot Size: | 0.3 Acres |
| Property Type: | Detached Single Family |
| Style: | Traditional |
| Year Built: | 1952 |
Last sale:
| Nov 07, 2006 | Sold | $1,495,000 |
This is listed as a fixer uppper in Atherton. It’s one of the smaller lots in Atherton and it’s right next to El Camino.
Upcoming San Mateo Properties in REDC auctions
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