1057 MADISON Ave Redwood City, CA 94061 – Lower than 2000 price

 

1057 MADISON Ave Redwood City, CA 94061

Price: $825,000

Beds: 4
Baths: 3.5
Sq. Ft.: 11,350
$/Sq. Ft.: $73
Lot Size: 3,000 Sq. Ft.
Year Built: 1961

Jul 14, 2000 Sold $950,000

Loss if sold for asking: $125,000 or 13.2%

This property actually has two units, but I’m pretty sure it’s not 11,350 square foot like the listing says.  If you read further into the listing it says that one unit is 1500 sqft and another is 1000 sqft.  That adds up to 2500 sqft and that would make this property listed around $330 per squarefoot.  Supposedly one of the units rents for $1900 a month, which is decent.  However, the property taxes on this home is already over $11,000 a year so that’s pretty brutal.   This is worth looking at since it’s a brand new listing, but whoever buys it should try to get the property tax reduced somehow.

January 11, 2009 | Filed Under City of Redwood City, Dollar Loss: $100k to $200k, Last Sale in 2000, Listing in 01/2009, Loss: 10 to 20%, Price: 800000 to 1000000, Sqft: 2000 to 3000 

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