1040 Patricia SAN MATEO, CA 94401

Beds: 4
Baths: 2
Sq. Ft.: 1,960
$/Sq. Ft.: $255
Lot Size: 5,500 Sq. Ft.
Property Type: Single Family Detached
Style: Other
Stories: 1
Neighborhood: SAN MATEO VILLAGE

Last sale: Jul 06, 2007 Sold $818,000

Loss if sold for asking: $319,000 or 39%

I actually know several families that live in this neighborhood.  It’s not the most ritzy part of San Mateo, but it’s not bad either.  It’s close to shopping and the general neighbors are good.  I know at least one family that  paid over $700k for a smaller house than this one here a couple years ago.  So is this a good deal?  It really depends.  A house like this would rent for $2000 to $2300 a month, though.

September 10, 2009 | Filed Under City of San Mateo, Dollar loss: $300k to $400k, Last Sale in 2007, Listing in 09/2009, Loss: 30 to 40%, Price: 400000 to 600000, Sqft: 1500 to 2000 

Comments

One Response to “1040 Patricia SAN MATEO, CA 94401”

  1. Crimson Wife on November 14th, 2009 10:59 pm

    This was listed at $499k on 9/3. There was a price change on 9/28 up to $610k. Then on 10/14, there was a price change down to $575k. On 10/26, another price change down to $560k. On 11/10, another price change down to $539k.

    They probably could have sold it already if they hadn’t been playing games with the listing price. But as it’s a short sale, perhaps the owner is just trying to drag out the process…

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