411 MIDWAY Ave San Mateo, CA 94402

 

411 MIDWAY Ave San Mateo, CA 94402

Price: $1,099,000

Beds: 2
Baths: 1
Sq. Ft.: 980
$/Sq. Ft.: $1,121
Lot Size: 10,004 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
View: Neighborhood
Year Built: 1920

I have started a new category called “delusional sellers”. This tiny little house close to Hillsborough is listed at $1121 per square foot. What I love about the listing is that the real estate agent doesn’t seem too enthusiastic about it, either. Here is what he/she wrote:

 A beautiful 10,000 square foot lot in much sought after San Mateo Park. The home is small with very little updating, but seems sound. There is a pool in back that doesn’t look too bad, but needs some repairs. It’s probably a tear down, but you be the judge. Marvelous opportunity.

So basically the realtor is saying that it is a good lot, and a crappy house.  I’m glad this agent isn’t using words like “cozy” and “cute”.   At this price chances are this will linger on the market for quite a while.  Most of the homes in that neighborhood have very big lots, and 10000 square foot isn’t really that spectacular.