3904 HACIENDA St San Mateo, CA 94403

3904 HACIENDA St San Mateo, CA 94403

Price: $925,000

Beds: 3
Baths: 2
Sq. Ft.: 1,820
$/Sq. Ft.: $508
Lot Size: 9,794 Sq. Ft.
Property Type: Attached Single Family
Year Built: 1952
Stories: 2
View: Bay, Mountains

Last sale:

Jan 31, 2006 Sold $1,090,000  

Loss if sold for asking: $165,000 or 15.1%

This home is in a fairly nice area of San Mateo.  It is a short sale at about the median price per square foot.  The lot is also a fairly good size.

120 HAMILTON Ln Burlingame, CA 94010

120 HAMILTON Ln Burlingame, CA 94010

 burlingame.jpg

Price: $1,298,000

Beds: 3
Baths: 2
Sq. Ft.: 1,617
$/Sq. Ft.: $803
Lot Size: 5,000 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Year Built: 1950
Stories: 1
View: Neighborhood
Neighborhood: Burlingame Village
County: San Mateo

Last sale:

Jun 09, 2005 Sold $1,300,000  

Loss if sold for asking: $2000 or 0.2%

In any other place, this is just a post war rancher that will probably sell for $200k or less, but here in Burlingame it’s $1.298 million.  There doesn’t seem to be much to justify this price.  The current owner took out a $960k adjustable loan in 2005, and perhaps it’s adjusting soon.  Anyway, this home is overpriced even for Burlingame.  A comparable property that’s larger than this home is at 1641 Albemarle Way and is around $300k less.  Both properties have open homes this weekend on 1/25 from 1pm to 4pm.

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