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/ |
| 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.
January 17, 2009 | Filed Under Almost Worth Buying?, City of San Mateo, Dollar Loss: $100k to $200k, Last Sale in 2006, Listing in 01/2009, Loss: > 40%, Price: < 400000, Sqft: < 1000
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