300 Bodega St. – Cheapest house in Foster City?
300 BODEGA St Foster City, CA 94404
Price: $860,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,280 |
| $/Sq. Ft.: | $672 |
| Lot Size: | 6,080 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1971 |
| Stories: | 1 |
| View: | Neighborhood |
| Neighborhood: | Dolphin Bay |
Last sale:
| Sep 08, 2006 | Sold | $871,000 |
Loss if sold for asking: $11,000 or 1.3%
This is straight from the listing: “* * * PRICE ROLL BACK TO PRE-2006 DAYS * * * LOWEST PRICED HOME IN FOSTER CITY * * * AMAZING VALUE FOR THE MONEY!!! HUGE CORNER LOT!”
I like how the realtor used the term “roll back”, but I’m not quite sure if this is actually the lowest priced home in Foster City since it’s selling for $672 per square foot while the median single family home is selling for $483 per square foot in Foster City. It is the lowest priced single family home considering the price of $860k, but that’s only because other homes are twice the size of this little rancher, so I’m not quite sure if it’s an “AMAZING VALUE”. Anyway, I guess it does have a decent sized lot, but it’s not exactly spectacular. I suspect this one will actually sell within 6 months since a lot of buyers do not care about the price per square foot and just want to get into Foster City.
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.
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