120 HAMILTON Ln Burlingame, CA 94010
120 HAMILTON Ln Burlingame, CA 94010
Price: $1,298,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,617 |
| $/Sq. Ft.: | $803 |
| Lot Size: | 5,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1950 |
| Stories: | 1 |
| View: | Neighborhood |
| Neighborhood: | Burlingame Village |
| County: | San Mateo |
Last sale:
| Jun 09, 2005 | Sold | $1,300,000 |
Loss if sold for asking: $2000 or 0.2%
In any other place, this is just a post war rancher that will probably sell for $200k or less, but here in Burlingame it’s $1.298 million. There doesn’t seem to be much to justify this price. The current owner took out a $960k adjustable loan in 2005, and perhaps it’s adjusting soon. Anyway, this home is overpriced even for Burlingame. A comparable property that’s larger than this home is at 1641 Albemarle Way and is around $300k less. Both properties have open homes this weekend on 1/25 from 1pm to 4pm.
124 FARALLON Dr Belmont, CA 94002
124 FARALLON Dr Belmont, CA 94002
Price: $749,000
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 1,770 |
| $/Sq. Ft.: | $423 |
| Lot Size: | 2,547 Sq. Ft. |
| Property Type: | Townhouse |
| Style: | Contemporary |
| Year Built: | 1990 |
| Stories: | 1-3 (Low Rise) |
| Neighborhood: | Homeview/ |
| County: | San Mateo |
Last sale:
| Jan 17, 2006 | Sold | $775,000 | 6.4%/yr | Public Records |
Loss if sold for asking: $26,000 or 3.4%
This Belmont townhome is almost down to its 2004 price. It’s one of the newer units in the Peninsula built in 1990.
300 Bodega St. – Cheapest house in Foster City?
300 BODEGA St Foster City, CA 94404
Price: $860,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,280 |
| $/Sq. Ft.: | $672 |
| Lot Size: | 6,080 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1971 |
| Stories: | 1 |
| View: | Neighborhood |
| Neighborhood: | Dolphin Bay |
Last sale:
| Sep 08, 2006 | Sold | $871,000 |
Loss if sold for asking: $11,000 or 1.3%
This is straight from the listing: “* * * PRICE ROLL BACK TO PRE-2006 DAYS * * * LOWEST PRICED HOME IN FOSTER CITY * * * AMAZING VALUE FOR THE MONEY!!! HUGE CORNER LOT!”
I like how the realtor used the term “roll back”, but I’m not quite sure if this is actually the lowest priced home in Foster City since it’s selling for $672 per square foot while the median single family home is selling for $483 per square foot in Foster City. It is the lowest priced single family home considering the price of $860k, but that’s only because other homes are twice the size of this little rancher, so I’m not quite sure if it’s an “AMAZING VALUE”. Anyway, I guess it does have a decent sized lot, but it’s not exactly spectacular. I suspect this one will actually sell within 6 months since a lot of buyers do not care about the price per square foot and just want to get into Foster City.
2109 DUMBARTON Ave East Palo Alto, CA 94303 – Great Investment Property?
2109 DUMBARTON Ave East Palo Alto, CA 94303
Price: $995,000
Last sale:
| Beds: | - |
| Baths: | - |
| Sq. Ft.: | 7,078 |
| $/Sq. Ft.: | $141 |
| Lot Size: | 7,770 Sq. Ft. |
| Year Built: | 1962 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | East of U.S. 101 |
Last sale: Aug 01, 2003 Sold $1,000,000
Loss: $5000 or 0.5%
This 9 unit apartment building in East Palo Alto is selling for below its 2003 price. The capitalization rate is almost 8% according to the owner. Unfortunately investment property loans are still pretty expensive now and unless you would need more than $300k for this purchase to be a non-jumbo loan. This could work out for some investor with a lot of cash and experience in property management. The property’s location is not optimal since it is practically on the 101, and it is in East Palo Alto, which has a bad reputation. Recently East Palo Alto has become more gentrified, and perhaps in 20 years or so it would catch up to Palo Alto and Menlo Park? Anyway, this has been on the market for over 4 months, and it could sit longer unless the Feds decide to help out the commercial real estate credit market.
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.
341 SEVILLE Way San Mateo, CA 94402
341 SEVILLE Way San Mateo, CA 94402
Price: $1,489,000
| Beds: | 3 |
| Baths: | 3 |
| Sq. Ft.: | 2,196 |
| $/Sq. Ft.: | $678 |
| Lot Size: | 5,500 Sq. Ft. |
| Age (Years): | 71 |
| Year Built: | 1937 |
| Type: | Detached Single Family |
Last sale: Aug 15, 2006 $1,521,000
Loss if sold for asking: $32,000 or 2.1%
It seems that they put the lockbox password on the listing: 84361199 . That never seemed very wise to me because I think bums and criminals could just scan these listings, find the passwords and steal all the nice staged furniture inside these homes or squat there.
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