1940 STAFFORD St Redwood City, CA 94063
1940 STAFFORD St Redwood City, CA 94063
Price: $407,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,400 |
| $/Sq. Ft.: | $291 |
| Lot Size: | 5,985 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1981 |
Last sale:
| Aug 13, 2008 | Sold | $382,500 |
This bank owned property was first purchased in 2002 for $490k with two loans of $392k and $98k. That’s right, that’s equivalent to a 0% down loan. And then in 2004 it was refinanced again with an adjustable loan of $520k and it seems like there was a transfer between family members. And then in 2006 it was refinanced again with two loans of $612,000 and $76,500 for a total of $688,500. So basically this family took out around $200k from this little house during the boom, and finally it went into foreclosure so the last lender is looking around a loss of $280k. It seems like it was a good deal for this particular family because they practically got to live in this house for more than 4 years for free.
1561 WESTMOOR Rd Burlingame, CA 94010
1561 WESTMOOR Rd Burlingame, CA 94010
Price: $775,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 1,100 |
| $/Sq. Ft.: | $705 |
| Lot Size: | 5,250 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Contemporary |
| Year Built: | 1942 |
| Stories: | 1 |
| View: | Neighborhood |
| Neighborhood: | Burlingame Village |
| County: | San Mateo |
Last sale:
| Aug 28, 2006 | Sold | $850,000 |
Loss if sold for asking: $75,000 or 8.8%
Sep 05, 2008 Listed
Here is another Burlingame rancher that’s being listed for way too much. Seems like it took just about 2.5 months to sell in 2006. I wonder how long it is going to take this time. Open house is today 1/25 from 1pm to 4pm.
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