2002 FOREST Ave Belmont, CA 94002
2002 FOREST Ave Belmont, CA 94002
Price: $898,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,243 |
| $/Sq. Ft.: | $722 |
| Lot Size: | 4,000 Sq. Ft. |
| Age (Years): | 60 |
| Year Built: | 1948 |
Last sale: May 31, 2007 $945,000
Loss if sold for asking: $47000 or -5.0%
This tiny little cottage’s price per square foot is about 40% above Belmont’s median. I think it could fall at least 30% before it is even remotely reasonable.
2 ZACHARY Ct Menlo Park, CA 94025 - Almost Rolled Back to Original 2001 Price
2 ZACHARY Ct Menlo Park, CA 94025
Price: $2,570,000
| Beds: | 6 |
| Baths: | 4 |
| Sq. Ft.: | 4,267 |
| $/Sq. Ft.: | $602 |
| Lot Size: | 10,080 Sq. Ft. |
| Age (Years): | 7 |
| Year Built: | 2001 |
| Type: | Detached Single Family |
Last sale price: Oct 31, 2001 $2,500,000
Original list price: May 12, 2008 $2,950,000
After 3 months on the market and almost $400k in price reductions, this house is now listed for less than 3% above its 2001 price. This is in the prime area of west Menlo Park west of Alameda de Las Pulgas.
888 on 8/8/8 in Belmont - 1105 North Rd
1105 North Rd Belmont, CA 94002
| Beds: | 3 |
| Baths: | 2 |
| Sqft: | 1,330 |
| Style: | Residential |
I think this property was on MLS a while back and went off the market. Now I see it on Craigslist for $748888 in the for sale by owner category! It was last sold in 2006 for $760000 so the difference isn’t all that large, and it has a basement. That’s pretty rare in the Bay Area. Anyway the Craigslist listing says to call (520)603-6457 or email hous-788333134@craigslist.org if you’re interested.
930 ROSEWOOD Dr San Mateo, CA 94401
930 ROSEWOOD Dr San Mateo, CA 94401
Price: $1,249,000
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,090 |
| $/Sq. Ft.: | $598 |
| Lot Size: | 6,930 Sq. Ft. |
| Age (Years): | 80 |
| Year Built: | 1928 |
| Type: | Detached Single Family |
| Style: | Spanish |
| Stories: | Bi/Split Level |
Last sale: May 11, 2005 $1,305,000
Loss if sold for asking: $56000 or 4.3%
That picture makes it look like a very small house with a false wall. It doesn’t exactly scream million dollar home. Here are some comparable data from Redfin that shows a couple troubled homes that sold recently in the neighborhood:
$607,670 720 S Delaware St
Sold on Jun 25, 2008 ,0.23 miles away, 5 bd / 3 ba 2,033 Sq. Ft.
$835,000 718 10th Ave
Sold on Apr 10, 2008 0.32 miles away, 2 bd / 2 ba 1,959 Sq. Ft.
So basically at $598 per square foot, this home is still overpriced for its neighborhood.
71 BAYPARK Cir South San Francisco, CA 94080
71 BAYPARK Cir South San Francisco, CA 94080
Price: $949,888
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,410 |
| $/Sq. Ft.: | $394 |
| Lot Size: | 7,474 Sq. Ft. |
| Age (Years): | 11 |
| Year Built: | 1997 |
| Type: | Detached Single Family |
Last sale: Nov 17, 2004 $985,000
Loss if sold for asking: $35112 or 3.6%
This home still has an assessment above $1 million but it is under its sale price in 2004. Inflation adjusted it is under the 2003 price. It is fairly large and is only 11 years old. You would think that they would post a few pictures of the property at this price point, but nope, all we have is the street view photo.
801 CRYSTAL SPRINGS Rd San Mateo, CA 94402
801 CRYSTAL SPRINGS Rd San Mateo, CA 94402
Price: $2,200,888
| Beds: | 4 |
| Baths: | 4 |
| Sq. Ft.: | 3,320 |
| $/Sq. Ft.: | $663 |
| Lot Size: | 0.45 Acres |
| Age (Years): | 20 |
| Year Built: | 1988 |
| Type: | Detached Single Family |
| Style: | Mediterranean |
| Stories: | Tri Level |
| View(s): | Mountains, Canyon, Valley |
Last sale: Jun 30, 2005 $2,380,000
Loss if sold for asking: -$179112 or 7.5%
This is a house very close to Hillsborough, and it looks quite nice from the pictures. The property tax on it costs way more than my rent. The sales history on this property is quite interesting. In the last bubble of 1990 it sold for $897k, and then in 1997 it went for only $850k. By that logic, it would be worth a little less than now in 2012.
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