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.
2 WILBURN Ave, Atherton, CA
2 WILBURN Ave Atherton, CA 94027
Price: $1,495,000
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,300 |
| $/Sq. Ft.: | $650 |
| Lot Size: | 0.3 Acres |
| Property Type: | Detached Single Family |
| Style: | Traditional |
| Year Built: | 1952 |
Last sale:
| Nov 07, 2006 | Sold | $1,495,000 |
This is listed as a fixer uppper in Atherton. It’s one of the smaller lots in Atherton and it’s right next to El Camino.
September 2008 Troubled Sellers Update Part I – Atherton to East Palo Alto
These couple months have been quite crazy for me personally and for the financial markets as a whole. I started this series on troubled home sellers about a year ago, and I am surprised that I am still keeping track of these somewhat depressing statistics. Anyway, here are the numbers for September.
City of Atherton
Atherton currently has this home at 486 Walsh Rd listed for $175k below its 2000 sale price. Its 2006 sale price is much lower, though.
City of Belmont
Now there are 8 properties in trouble in Belmont and that isn’t too big of a difference since last month. One new property is at 1222 North Rd, and another property at 2824 Monte Cresta Dr. just reduced its listing price for $100k, making it below its last sale price.
Raw data available: belmont930.csv
City of Brisbane
Brisbane’s number is down to 5. There is nothing really new in this city. Very few new listings were put up.
Raw data available: brisbane930.csv
City of Burlingame
Burlingame is holding on to 5 troubled properties. All of them are above the $1 million mark.
Raw data available: burlingame930.csv
City of Colma
531 B St was finally sold in September after being on the market for nearly a year. 528 B St is still on the market and suffered a $30k pricecut in September.
321 Hoffman St is now pending with release after being relisted in September.
City of Daly City
The number of troubled properties in Daly City is now 166, and that’s a decrease of 21 from last month. It seems that a lot of properties sold in August, and that corroborates the news today that home sales numbers went up. The biggest loser of September is 185 Belcrest Ave, which is down more than $270k. Another home of note is 467 Winchester, which is down more than $320k. This reappeared on the market after it went off so it is a relist to freshen up the listing.
Anyway, here’s the full data: dalycity930.csv
East Palo Alto
Following the trend in Daly City, the number of troubled sellers also went down in East Palo Alto. Now there are only 81 troubled sellers. One listing of note is 1511 Kavanaugh Dr. Supposedly this sold for only $1000 on 8/12/2008. I’m not sure if that is a mistake or if it really sold for $1000. Another listing I noticed is 2390 Dumbarton, which suffered a $300k pricecut on 9/11/2008. That’s a truly amazing pricecut on a house first listed for $496k.
Raw data available: epa930.csv
More to come!
486 WALSH Rd Atherton, CA 94027
486 WALSH Rd Atherton, CA 94027
Price: $4,125,000
| Beds: | 5 |
| Baths: | 3 |
| Sq. Ft.: | 4,640 |
| $/Sq. Ft.: | $889 |
| Lot Size: | 1.06 Acres |
| Age (Years): | 31 |
| Year Built: | 1977 |
| Type: | Detached Single Family |
Last sale: Oct 18, 2000 $4,300,000
Loss if sold for asking: $175,000 or 4.1%
This is a brand new listing in Atherton that is listing for 4% off its 2000 price. It is open on 9/21 and 9/28 from 1:30 to 4:30pm. I guess 4% isn’t that bad of a loss.
August 2008 Troubled Sellers Update Part I – Atherton to East Palo Alto
The later part of August was quite busy for me again so I didn’t update this blog as much as I would have liked to, but I still managed to gather the data for August’s home sellers in trouble. The general vibe I am getting is that a lot of these troubled homes are being sold recently so the number of active troubled properties seem to be holding still. Anyway, here is the data for Atherton through East Palo Alto
City of Atherton
Atherton currently has no active home sellers in trouble. There are a couple properties that are selling only slightly above their last prices, but they’re not technically in trouble.
City of Belmont
On 8/31 seven properties are in trouble, and one of them is pending. The newest additions are 2002 Forest Ave and 1134 North Ct (this property is pending). Another property of interest at 15 Kittie Ln, as expected, this property came back on the market after being taken off last month.
Raw data available: belmont831.csv
City of Brisbane
Brisbane had a bit of an increase in troubled properties and now the total is 7. The newest troubled listing is a condo at 211 Swallotail Ct, and the property with the largest loss is 45 Lupine Valley Ct with a listing price of $400000 below its last sale price.
Raw data available: brisbane831.csv
City of Burlingame
This month the number of troubled properties rose from 3 to 7 in Burlingame. Several homes over the $1 million mark dropped their prices. The newest price reduction happened to 340 Occidental Ave, and now it is below its 2006 sales price. Additionally, an old favorite at 123 Fey Dr was relisted for $1895000.
Raw data available: burlingame831.csv
City of Colma
Two troubled properties left on B Street! They are 531 B St and 528 B St.
Additionally, 321 Hoffman St was listed in August for more than $130k below its last sale price.
City of Daly City
The number of troubled properties in Daly City is now 187, and that’s a decrease of 1 from last month. Sales data shows that a lot of troubled properties were bought in July and quite a few went for over the asking price. The biggest loser in August by dollar amount is 310 A St.
Anyway, here’s the full data: dalycity831.csv
East Palo Alto
East Palo Alto didn’t receive very many new listings, and additionally a lot of listings went off market. The total number of troubled homes is now 93, and that’s down from 103 since last month. The biggest loser by far is 1175 Cypress St, which is down $401k since its last sale.
Raw data available: epa831.csv
More to come!
July 2008 Troubled Sellers Update Part I – Atherton to Daly City
Well, I have been pretty busy in July so I didn’t post a lot, but this month I will update quite a bit and concentrate on the homes above the $1 million range. One major thing that happened in July was that the damned housing bailout bill passed. Anyway, here is the summary data from July. I’m still compiling some of it so please be patient!
City of Atherton
Atherton is still holding onto 199 Selby Ln. I wonder if the deal actually closed since it still says pending with release.
City of Belmont
On 7/31 only four listings are in trouble, and two of them are already pending. The newest addition is 300 Davey Glen Rd #3622. Another property of interest at 15 Kittie Ln has been withdrawn and now shows a new sale price on June 25th of $772124. That means it probably foreclosed officially and will come back on the market at a lower price.
Raw data available: belmont731.csv
City of Brisbane
This month, there are four condos listing for lower than their last selling price. They are: 632 Callippe Ct, 411 Callippe Ct, 233 Swallowtail Ct, & 115 Elfin Ct #U611
A newly reduced property is at 237 Kings Rd, and it’s now $2000 below its 2006 sale price. This brings the total troubled listings in Brisbane to 5.
City of Burlingame
Once again, we have three properties in Burlingame. The price has been reduced on 840 Newhall Rd in July so now it is at the same price as 2006. 912 Toyon Dr is now pending with release. 1657 Westmoor Rd is still active on the market after 80 days.
City of Colma
Two troubled properties left on B Street! They are 531 B St and 528 B St.
City of Daly City
Almost 50 new troubled listings from Daly City were posted in July. About 30 went off the market so we have a total of 188 listings still on the market. This is a net gain of 26 from last month. Some standouts include 92 Norwood, which is down $298k from its 2007 price, and 61 Chester St, which is somewhat worth buying considered that it’s priced at $149k. I guess when you price it low enough people will buy because 61 Chester St is already pending. It is down from its 2006 price of $360k. Another thing I noticed is that a lot of condos in Crown Colony are selling because they’re being priced under $200k. Considering that renting an one bedroom in Daly City costs anywhere around $1000 to $1400, these condos that are only $160k could actually be cheaper than renting.
Anyway, here’s the full data: dalycity731.csv
More to come!
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