300 SAND HILL Cir #203 Menlo Park, CA 94025

300 SAND HILL Cir #203 Menlo Park, CA 94025

condo.jpg

Price: $1,225,000

Beds: 3
Baths: 2
Sq. Ft.: 2,067
$/Sq. Ft.: $593
Lot Size: -
Property Type: Condominium
Style: Contemporary
Year Built: 1974
Stories: 1-3 (Low Rise)
View: Golf Course

Last sale:

Jan 17, 2007 Sold $1,300,000  

Loss if sold for asking: $75,000 or 5.8%

Listing history:

Jan 06, 2009 Price Changed $1,225,000 MLSListings #80845325

This is a nice condo on a golf course, and after being listed for 2 months it’s already had a $200k price cut.  There is an open house tomorrow from 1 to 4pm.

124 FARALLON Dr Belmont, CA 94002

124 FARALLON Dr Belmont, CA 94002

Price: $749,000

Beds: 3
Baths: 2.5
Sq. Ft.: 1,770
$/Sq. Ft.: $423
Lot Size: 2,547 Sq. Ft.
Property Type: Townhouse
Style: Contemporary
Year Built: 1990
Stories: 1-3 (Low Rise)
Neighborhood: Homeview/Sterling Downs
County: San Mateo

Last sale:

Jan 17, 2006 Sold $775,000 6.4%/yr Public Records

Loss if sold for asking: $26,000 or 3.4%

This Belmont townhome is almost down to its 2004 price.  It’s one of the newer units in the Peninsula built in 1990.

3291 BRITTAN Ave San Carlos, CA 94070

3291 BRITTAN Ave San Carlos, CA 94070

Price: $879,000

Beds: 3
Baths: 3
Sq. Ft.: 2,260
$/Sq. Ft.: $389
Lot Size: 7,560 Sq. Ft.
Property Type: Detached Single Family
Year Built: 1965
Stories: 1
Neighborhood: Alder Manor

Last sale:

Nov 13, 2006 Sold $930,000  

Loss if sold for asking: $51,000 or 5.5%

This is a brand new listing and there will be an open house on Jan 25th from 1 to 4.  This is one of the cheaper homes in San Carlos in terms of price per square foot and it is in a fairly good neighborhood in the hills.

3050 Los Prados St #5 San Mateo, CA 94403

 

3050 Los Prados St #5 San Mateo, CA 94403

Price: $250,000

Beds: 1
Baths: 1
Sq. Ft.: 633
$/Sq. Ft.: $395
Lot Size: -
Property Type: Condominium
Style: Contemporary
Year Built: 1966
Region: San Mateo County/South
Area: San Mateo

Last sale:

Jun 30, 2006 Sold $425,000

Loss if sold for asking: $175,000 or 41.2%

An apartment like this usually rents for $1000 to $1400 in San Mateo.   If you put 20% down on this and borrow $200,000 at 5% then the mortgage is $1073 per month.  Add a $285 association fee and around $300 a month in taxes then the monthly outflow is about $1650.  Additionally there will be a tax rebate on the interest and taxes so the buy versus rent costs might just break even.

1150 GREENWOOD Ave San Carlos, CA 94070 – 13 Units

1150 GREENWOOD Ave San Carlos, CA 94070

Price: $1,448,850

Beds: -
Baths: -
Sq. Ft.: -
Lot Size: 6,040 Sq. Ft.
Year Built: 1960
Stories: 2
View: Neighborhood
Neighborhood: Howard Park
County: San Mateo

Last sale:

Sep 30, 2005 Sold $1,540,000

Loss if sold for asking: $91150 or 3.84%

This is a 13 unit building that sold in 1988 for 760k and 1998 for 750k.  If history repeats itself, it is supposed to be worth $740k now.  However, San Carlos is a good area that gets decent rents, so this could be a good investment.