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.
1022 VALOTA Rd Redwood City, CA 94061
1022 VALOTA Rd Redwood City, CA 94061
Price: $599,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 950 |
| $/Sq. Ft.: | $631 |
| Lot Size: | 4,000 Sq. Ft. |
| Age (Years): | 56 |
| Year Built: | 1952 |
| Type: | Detached Single Family |
Last sale: Sep 10, 2007 $665,000
Loss if sold for asking: $66,000 or -10.0%
I am pretty sure that this is not a new listing because I have seen a sign with its address at the corner of Woodside and Valota for months. Anyway, this is another example of an overpriced tiny house that has less living space than the condo I live in. It’s still very expensive for the quality of the neighborhood.
200 BONITA Ave Pacifica, CA 94044
200 BONITA Ave Pacifica, CA 94044
Price: $799,999
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 2,050 |
| $/Sq. Ft.: | $390 |
| Lot Size: | 4,590 Sq. Ft. |
| Age (Years): | 46 |
| Year Built: | 1962 |
| Type: | Detached Single Family |
| Stories: | 2 Stories |
Last sale: Mar 16, 2007 $1,050,000
Loss if sold for asking: $250,001 or 23.8%
This one looks like it’s in a nice area, and supposedly has an art studio with it?
3 Men Dead in Troubled Property - 512 STANFORD Ave Redwood City, CA 94063
512 STANFORD Ave Redwood City, CA 94063
Price: $377,777
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 810 |
| $/Sq. Ft.: | $466 |
| Lot Size: | 4,500 Sq. Ft. |
| Age (Years): | 46 |
| Year Built: | 1962 |
| Type: | Detached Single Family |
Listing history:
| Date | Price |
| Jan 03, 2008 | $499,999 |
| Feb 20, 2008 | $449,999 |
| May 01, 2008 | $377,777 |
Sales history:
| Nov 04, 2002 | $390,000 | |
| Mar 30, 2004 | $434,000 | |
| Jan 26, 2007 | $587,000 |
Loss if sold for asking: $209223 or 35.6%
My ex-coworker showed me this breaking news report. According to this additional Chronicle article, multiple weapons were found at the scene of the house and three men were dead. One of the men apparently lived in the house and two others were found in the garage which was converted in a living space. Supposedly it was a home invasion/robbery gone wrong. I’m not sure if the guy that lived there was the owner, but either way, this is very disturbing news. May the dead rest in peace and if you have any information about this please call the San Mateo County Sheriff’s Office at 650-363-4911 or the anonymous tip line at 1-800-547-2700.
3925 REGAN Dr SAN MATEO, CA 94403
3925 REGAN Dr SAN MATEO, CA 94403
Price: $599,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,276 |
| $/Sq. Ft.: | $469 |
| Lot Size: | 5,000 Sq. Ft. |
| Property Type: | Single Family Detached |
| Property Style: | Ranch |
| Year Built: | 1958 |
| Stories: | 1 |
| Neighborhood: | VILLAGE |
Last sales: Aug 17, 2001 $525,000 & Apr 12, 2007 $830,000
Loss if sold for asking: $231,000 or 27.8%
This is located in the area between Foster City and Hillsdale Mall. It’s a pretty family friendly neighborhood and I know several families that live there. It’s definitely not the most expensive or “posh” part of San Mateo, but it’s decent. In real terms this house has rolled back to 2001 because $525k in 2001 is worth $639k today according to the government’s CPI calculator.
1279 CARLTON Ave Menlo Park, CA 94025 Lower than 2002 Sales Price
1279 CARLTON Ave Menlo Park, CA 94025
Price: $374,000
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,030 |
| $/Sq. Ft.: | $363 |
| Lot Size: | 7,440 Sq. Ft. |
| Age (Years): | 57 |
| Year Built: | 1951 |
| Type: | Detached Single Family |
Sales history:
| Date | Price | Appreciation |
| Jul 31, 2002 | $440,000 | |
| Oct 25, 2005 | $675,000 | |
| Dec 18, 2007 | $575,277 |
Loss if sold for asking: $201277 or 35.0%
Looks like we have another casualty on Carlton that rolled back 5+ years. Here are the other two we have featured previously: 1320 Carlton & 1313 Carlton.
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