2626 WESTMORELAND Ave Redwood City, CA 94063

2626 WESTMORELAND Ave Redwood City, CA 94063

Price: $229,900

Beds: 2
Baths: 1
Sq. Ft.: 850
$/Sq. Ft.: $270
Lot Size: 2,625 Sq. Ft.
Property Type: Detached Single Family
Year Built: 1988
Stories: 1
View: Neighborhood
Neighborhood: Dumbarton

Last sale:

Apr 18, 2006 Sold $589,000

Loss if sold for asking: $359100 or 61%

This little shack is currently owned by HSBC.  It is incredible that someone actually bought this for $589k a few years ago.  This is not exactly in a good neighborhood.

1519 DAY Ave #D San Mateo, CA 94403

1519 DAY Ave #D San Mateo, CA 94403

Price: $325,000

Beds: 2
Baths: 1
Sq. Ft.: 660
$/Sq. Ft.: $492
Lot Size: -
Property Type: Condominium
Year Built: 1961
Stories: 1-3 (Low Rise)
Neighborhood: Lakeshore #1
County: San Mateo

Last sales:

Aug 17, 2006 Sold $440,000 16.4%/yr Public Records

Loss if sold for asking: $115,000

This is a short sale in San Mateo.  My husband used to rent a very similar looking one bedroom apartment in Belmont for $1200 a month.  So I think this condo is still too expensive with a price to rent ratio of 22.5 and an HOA of $337.