840 OCEAN VIEW Ave San Mateo, CA 94401 Price Rolled Back to 2001
840 OCEAN VIEW Ave San Mateo, CA 94401
Price: $494,900
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,300 |
| $/Sq. Ft.: | $381 |
| Lot Size: | 5,000 Sq. Ft. |
| Age (Years): | 59 |
| Year Built: | 1949 |
| Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 1 Story |
| View(s): | Neighborhood |
Sales history:
| Date | Price | Appreciation |
| Oct 30, 1997 | $267,000 | |
| Mar 25, 1999 | $327,000 | |
| Sep 26, 2001 | $550,000 | |
| Jan 31, 2005 | $256,000 | |
| Oct 27, 2006 | $810,000 |
Loss if sold for asking: $315100 or 38.9%
The sales history is very telling on this one and covers pretty much all of the housing bubble and bust. Now we see this bank owned home is going for less than its sales price in 2001!
29 Fairway Dr Daly City, CA 94015
29 Fairway Dr Daly City, CA 94015
Price: $624,900
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 1,600 |
| $/Sq. Ft.: | $391 |
| Lot Size: | - |
| Property Type: | Detached, Single-Family Home |
| Property Style: | Contemporary |
Last sale: Jul 03, 2006 $861,000
Loss if sold for asking: $236100 or 27.4%
Comments: This is classified as a fixer and it’s a spanking new listing. One of the room has magenta walls so I highlighted the loss in magenta…
1105 ALMANOR AVE Menlo Park, CA 94025
1105 ALMANOR AVE Menlo Park, CA 94025
Price: $366,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 890 |
| $/Sq. Ft.: | $411 |
| Lot Size: | 4,715 Sq. Ft. |
| Age (Years): | 50 |
| Year Built: | 1958 |
Listing date: 3/18/2008
Last sale: Apr 20, 2004 $400,000
Loss if sold for asking: 8.5% or $34,000
Comments: This is a very beat up and small house in Menlo Park. All things considered, I think the previous house is a better deal. This one is rolling back to lower than its 2004 sales price.
650 SAINT FRANCIS BLVD Daly City, CA 94015
650 SAINT FRANCIS BLVD Daly City, CA 94015
Price: $449,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,830 |
| $/Sq. Ft.: | $245 |
| Lot Size: | 3,400 Sq. Ft. |
| Age (Years): | 48 |
| Year Built: | 1960 |
Last sale: Mar 31, 2005 $775,000
Listing date: 3/21/2008
Loss if sold for asking: $326,000 or 42.1%
Comments: The description seems to indicate that this a contractor’s special and needs fixing.
1903 MADISON AVE Redwood City, CA 94061
1903 MADISON AVE Redwood City, CA 94061
Price: $749,500
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,700 |
| $/Sq. Ft.: | $441 |
| Lot Size: | 5,400 Sq. Ft. |
| Age (Years): | 58 |
| Year Built: | 1950 |
Listing price history:
| Date | Price |
| Jan 28, 2008 | $896,700 |
| Feb 12, 2008 | $845,000 |
| Feb 27, 2008 | $799,950 |
| Mar 13, 2008 | $749,500 |
Last sale: Sep 22, 2005 $870,000
Loss if sold for asking: $120,500 or 13.8%
Comments: My coworker went to look at this house. Apparently it is a short sale that is extremely close to foreclosure. It is a decent house but the electricity and water are already shut off. So you need to get the bank’s permission to turn the utilities on to inspect it. It also needs quite a bit of remodeling according to him. The bank is lowering the price by 5% every 2 to 3 weeks.
2529 FORDHAM ST East Palo Alto, CA 94303
2529 FORDHAM ST East Palo Alto, CA 94303
Price: $320,000
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,010 |
| $/Sq. Ft.: | $317 |
| Lot Size: | 5,000 Sq. Ft. |
| Age (Years): | 56 |
| Year Built: | 1952 |
| Type: | Detached Single Family |
Listing Price History
| Date | Price |
| Jan 07, 2008 | $365,000 |
| Feb 27, 2008 | $320,000 |
Sales History
| Date | Price | |
| Jan 27, 2004 | $360,700 | |
| Mar 08, 2004 | $440,000 | |
| May 05, 2005 | $589,000 | |
| Dec 03, 2007 | $467,500 |
Loss if sold at asking: 31.5% or $147500
Comment: This home is listing at less than its 2004 price, and it seems that it has been flipped quite a few times. This begs the question if there was fraud involved.
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