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.

1504B Day Ave San Mateo, CA 94403 - Another Off-MLS Listing

 1504B Day Ave San Mateo, CA 94403

Sold For:

$330,000

(08/06/2004)

Beds: 1
Baths: 1
Sqft: 490
Style: Condominium

This is yet another off MLS listing I found on Craigslist.   It’s a pretty small condo and it’s now listing for $299k.  That makes it $610 per squarefoot.  As far as San Mateo condos go, that’s still pretty expensive. 

Contact Anne Oliva (650) 291 9775 or Denise Baker (650) 888-1387
Remarges@aol.com. www. realestatemarges.com

.

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.

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.

26 W 4TH Ave #2 San Mateo, CA 94402

26 W 4TH Ave #2 San Mateo, CA 94402

Price: $875,000

Beds: 3
Baths: 3
Sq. Ft.: 2,500
$/Sq. Ft.: $350
Lot Size: -
Age (Years): 88
Year Built: 1920
Type: Condominium
Style: Mediterranean
Stories: Low Rise (1-3 Stories)
Unit Description: 1 Level
Unit Location: 1st Floor Unit

Last sale:

Jun 01, 2005 $899,000

4.2%/yr

Loss if sold for asking: $24,000 or 2.7%

At first glance it seems like this condo has very low cost per square foot, but then if you took a look at the HOA you will see why.  The fees are $660 a month!   The condo is at a very good location at the heart of San Mateo downtown, though.  This is open on July 27th from 1 to 4 pm.

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