12 ATHLONE Ct Menlo Park, CA 94025
12 ATHLONE Ct Menlo Park, CA 94025
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,250 |
| $/Sq. Ft.: | $639 |
| Lot Size: | 5,115 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Traditional |
| Stories: | 1 |
| View: | Neighborhood |
| Year Built: | 1950 |
Last sale: Nov 23, 2005 Sold $960,000
Loss if sold for asking: $161,000
It looks like the current owners bought this home back in 2005 with a $720k adjustable loan. Their listing price will help them just break even. Open house this weekend on September 12th and 13th from 1pm to 4pm.
81 RIDGE VIEW Dr Atherton, CA 94027
81 RIDGE VIEW Dr Atherton, CA 94027
Price: $3,495,000
| Beds: | 4 |
| Baths: | 4 |
| Sq. Ft.: | 3,650 |
| $/Sq. Ft.: | $958 |
| Lot Size: | 0.85 Acres |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 1 |
| View: | Neighborhood |
| Year Built: | 1950 |
Last sale: Jun 17, 2008 Sold $4,100,000
Loss if sold for asking:$605,000 or 14.8%
It’s been a while since I featured a multimillion dollar home here. This one is a pretty normal property in Atherton. It seems that it’s been sold from one trust to another in the past couple decades so I’m sure the sellers aren’t really in trouble, but it seems that they want to get rid of the home in a hurry because they already cut the price twice. Lately there has been more and more listings in Atherton and most of these multimillion sales take a pretty long time. I suspect the inventory will build up further.
131 BELMONT Ave Redwood City, CA 94061 – Also Available for rent for $950 a month
131 BELMONT Ave Redwood City, CA 94061
Price: $499,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 610 |
| $/Sq. Ft.: | $818 |
| Lot Size: | 3,876 Sq. Ft. |
| Property Type: | Detached Single Family |
| Stories: | 1 |
| Year Built: | 1925 |
| Community: | Central Park |
Last sale: May 10, 2005 Sold $630,000
This tiny little cottage is still asking for half a million, which makes it over $800 per square foot. I wonder if the owner noticed that it’s NOT in Atherton. The funnier part about this is that it is available for rent for $950 a month. Let’s do some math here. Suppose you put 20% down and finance $400,000 at 5% over 30 years, you’d have to pay about $2150 for mortgage plus another $400 a month for tax. So, why would anyone buy this if they wanted to live here? It might help the seller to remove the fact that it’s for rent because it just emphasizes how ridiculous of a decision it is to buy this home. Additionally, the listing is probably keeping renters away because potential renters would fear that they can be kicked out once the home sells to some sucker.
1050 Connecticut Dr REDWOOD CITY, CA 94061
Price: $940,500
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 3,380 |
| $/Sq. Ft.: | $278 |
| Lot Size: | 6,138 Sq. Ft. |
| Property Type: | Single Family Detached |
| Style: | Custom |
| Stories: | 2 |
| Neighborhood: | REDWOOD |
Last sale:
| Dec 06, 2004 | Sold | $1,130,000 |
Loss if sold for asking: $159,500
This home certainly has an interesting facade. It’s one of the larger single family homes in this area and it looks pretty well maintained. This was actually financed by a 80% adjustable loan. Prime adjustable loans actually have pretty low rates right now, so these sellers may not really be in that much trouble. The price per square foot is low for the area and perhaps it has a good chance of selling quickly.
1843 RANDALL Rd San Mateo, CA 94402
1843 RANDALL Rd San Mateo, CA 94402
Price: $965,000
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,880 |
| $/Sq. Ft.: | $513 |
| Lot Size: | 9,500 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1953 |
| Stories: | 1 |
| Neighborhood: | Baywood Park |
| County: | San Mateo |
Last sale: Nov 10, 2005 Sold $1,200,000
Loss if sold for asking: $235,000 or 19.6%
This former 1.2 million dollar property was first listed 4/2/2008. Then it went off market twice and just got relisted again. This was financed in 2005 by Countrywide with 2 adjustable loans. One was $900,000 and the second was $180,000. This means that the buyers actually put down 10% or $120,000. That’s pretty amazing. Sadly it is now a shortsale. It is a bit close to the 92, but otherwise seems well maintained.
3904 HACIENDA St San Mateo, CA 94403
3904 HACIENDA St San Mateo, CA 94403
Price: $925,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,820 |
| $/Sq. Ft.: | $508 |
| Lot Size: | 9,794 Sq. Ft. |
| Property Type: | Attached Single Family |
| Year Built: | 1952 |
| Stories: | 2 |
| View: | Bay, Mountains |
Last sale:
| Jan 31, 2006 | Sold | $1,090,000 |
Loss if sold for asking: $165,000 or 15.1%
This home is in a fairly nice area of San Mateo. It is a short sale at about the median price per square foot. The lot is also a fairly good size.
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