139 14TH Ave San Mateo, CA 94402
139 14TH Ave San Mateo, CA 94402
Price: $678,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 660 |
| $/Sq. Ft.: | $1,027 |
| Lot Size: | 5,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Cottage/ |
| Stories: | 1 |
| Year Built: | 1908 |
Last sale:
| May 22, 2007 | Sold | $696,000 |
Just when I thought the last little cottage was expensive, I stumbled upon this little charmer. It is in a decent neighborhood of San Mateo, but the owner is asking for over $1000 per square foot for this little hundred year old cottage. There is an open house this Sunday, and I really wonder if there are gold toilets or flooring in this house to warrant this price?
1532 CAROL Ave Burlingame, CA 94010
1532 CAROL Ave Burlingame, CA 94010
Price: $1,339,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,731 |
| $/Sq. Ft.: | $774 |
| Lot Size: | 6,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1917 |
Last sale:
| Sep 30, 2004 | Sold | $1,351,000 |
Loss if sold for asking: $12,000 or 0.9%
The interesting thing about Burlingame is that the listing price per square foot is much higher than the sold price per square foot. Here is the graph:
So it seems that Burlingame sellers are all still holding their prices high, but the ones that sell are much much cheaper. If this particular home were at the Burlingame average of $620 per square foot, then it would be at only $1.07 million. Perhaps that would be a better starting price?
1160 WALNUT St San Carlos, CA 94070
1160 WALNUT St San Carlos, CA 94070
Price: $839,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 1,060 |
| $/Sq. Ft.: | $792 |
| Lot Size: | 4,800 Sq. Ft. |
| Property Type: | Detached Single Family |
Last sale:
| Jun 23, 2006 | Sold | $865,000 |
Loss if sold for asking: $26,000
This is probably a good example of a delusional seller. The median price per square foot in San Carlos has dropped to $511 and the owners of this tiny “classic Tudor” is still going for $792 per square foot. This home isn’t on the hills but it is close to downtown. Anyway, there is an open house this weekend on Feb 22, from 1 to 4pm.
2106 CORONET Blvd Belmont, CA 94002
2106 CORONET Blvd Belmont, CA 94002
Price: $774,500
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,710 |
| $/Sq. Ft.: | $453 |
| Lot Size: | 7,200 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1947 |
Last sale:
| May 12, 2005 | Sold | $800,000 |
Loss if sold for asking: $25,500 or 3.2%
This is a decent sized Belmont home with a pool. The sellers took out two loans that covered 100% of 800,000 from the now dead Greenpoint Mortgage. This means the mortgage alone would have been $4000 to $5000 a month on this puppy. This would be double the price of renting a home like this. Anyway, there is an open house this weekend from 1:00pm to 4:00pm.
1344 BERNAL Ave Burlingame, CA 94010
1344 BERNAL Ave Burlingame, CA 94010
Price: $1,385,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,850 |
| $/Sq. Ft.: | $749 |
| Lot Size: | 6,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Mediterranean |
| Year Built: | 1922 |
Last sale: Aug 17, 2006 Sold $1,425,000
Loss if sold for asking: $40000 or 2.8%
I’m not quite sure what the realtor means when he says “Absolutely Done!!!” He seems very fond of exclamation marks and I hope he does not talk like that in real life. Anyway, this property has showings for the next 3 Sundays from 2:00pm to 4:00pm. I would wait for the owners to reduce the price on this puppy since it is about $130 or about 20% more per square foot than the median in Burlingame, and Redfin stated that Burlingame is one of the cities with the most price reductions. Chances are the owners of this lovely property will realize that they priced their home too high.
1023 HELM Ln Foster City, CA 94404
1023 HELM Ln Foster City, CA 94404
Price: $715,000
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 1,240 |
| $/Sq. Ft.: | $577 |
| Lot Size: | 884 Sq. Ft. |
| Property Type: | Townhouse |
| Style: | Cape Cod |
| Year Built: | 1996 |
| Stories: | 1-3 (Low Rise) |
| View: | Lake |
| Neighborhood: | Harbor Side |
| County: | San Mateo |
Last sale:
| Jul 22, 2005 | Sold | $749,000 |
Loss if sold for asking: $34,000
This one’s financing history is pretty interesting. It was purchased in 2005 with a $509k ARM from Wells Fargo and a $60k fixed loan from Genentech. I had no idea that Genentech gave out home loans. It may be an employee benefit or something? Anyway, this couple is probably just being realistic about the sale price because they first listed this more than 7 months ago. This is a water front home, but the water in question is a man made lake kind of thing. Anyway, there are showings for this home on 2/1 from 1pm to 4pm.
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