Cheapest property in San Mateo County – 1 Appian Way #714
So today there was an article about homes in the Bay Area selling for less than $100k and the news also did a report on it. So I looked in San Mateo County to see if anything is in that price range. The closest thing I found was this studio at 1 Appian Way #714. It’s currently listed for $138,900 after being on the market for 8 months and 4 price reductions. The last sale price was $575k in 2005. That’s a big ouch.
All thing considered, this home is still $278 per square foot, so you may not be getting the best bang for your buck, but a studio like that in South San Francisco could rent from $800 to $1000 a month, so it may just be worth buying?
December 1, 2008 | Filed Under City of South San Francisco, Dollar loss: 400k to 500k
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You should read this article before you buy at 1 Appian Way. It might not be the deal you’re hoping for.
http://www.examiner.com/a-1419534~Dangers_hidden_in_homeowner_groups.html