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Price: $1,599,000
| Beds: |
4 |
| Baths: |
3 |
| Sq. Ft.: |
3,340 |
| $/Sq. Ft.: |
$479 |
| Lot Size: |
- |
| Property Type: |
Detached, Single-Family Home |
| Style: |
Traditional, Custom |
| Year Built: |
1977 |
| View: |
Woods |
| Region: |
San Mateo County/South |
| Area: |
Burlingame |
| County: |
San Mateo |
Last sale:
| Nov 30, 2005 |
Sold |
$1,780,000 |
|
Loss if sold for asking: $281000 or $15.8%
The listing for this home doesn’t show that it’s bank owned, but if you look up the county tax records it shows the address of the owner as 7255 BAYMEADOWS WAY, JACKSONVILLE, FL. It also had a tax default last year. If you search for that address, it shows that it’s Washington Mutual, which is now JP Morgan Chase. Whoo hoo I guess? It’s probably possible to negotiate this back to pre-2004 prices since WaMu’s REO portfolio is humongous.
Price: $1,199,000
| Beds: |
4 |
| Baths: |
3 |
| Sq. Ft.: |
2,490 |
| $/Sq. Ft.: |
$482 |
| Lot Size: |
0.47 Acres |
| Property Type: |
Detached Single Family |
| Year Built: |
1962 |
| Stories: |
1 |
| View: |
Bay, Mountains, City Lights |
| Neighborhood: |
Beverly Terrace |
| County: |
San Mateo |
| MLS#: |
80843119 |
| Source: |
MLSListings |
Last sale:
| Sep 28, 2006 |
Sold |
$1,300,000 |
|
Loss if sold for asking: $101,000 or 7.8%
This is actually a pretty nice home on San Carlos hills. It has a very nice sized lot and the price per square foot is very good for San Carlos. It’s already had a $46k price drop, and the winter season should be very slow. I really think this home is a better value than those “Valu Alto” new homes if you have the dough.
Alright, I know that technically Palo Alto is Santa Clara County, but today on the way home I saw the most hilarious sign by the 101. Since this sign was in San Mateo County I think it’s alright to report it here.
It basically said, “Palo Alto is Valu Alto! Sterling Park Homes, from the mid 1,000,000s”. I pretty much cracked up.
Here is the details on these new homes. Apparently the sellers are offering a price protection plan until next June. The homes average about $700 to $800 per square foot and are located in downtown Palo Alto. I guess for Palo Alto that is cheap, but come on, “Valu Alto” just sounds plain stupid.
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