81 RIDGE VIEW Dr Atherton, CA 94027
81 RIDGE VIEW Dr Atherton, CA 94027
Price: $3,495,000
| Beds: | 4 |
| Baths: | 4 |
| Sq. Ft.: | 3,650 |
| $/Sq. Ft.: | $958 |
| Lot Size: | 0.85 Acres |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 1 |
| View: | Neighborhood |
| Year Built: | 1950 |
Last sale: Jun 17, 2008 Sold $4,100,000
Loss if sold for asking:$605,000 or 14.8%
It’s been a while since I featured a multimillion dollar home here. This one is a pretty normal property in Atherton. It seems that it’s been sold from one trust to another in the past couple decades so I’m sure the sellers aren’t really in trouble, but it seems that they want to get rid of the home in a hurry because they already cut the price twice. Lately there has been more and more listings in Atherton and most of these multimillion sales take a pretty long time. I suspect the inventory will build up further.
1940 STAFFORD St Redwood City, CA 94063
1940 STAFFORD St Redwood City, CA 94063
Price: $407,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,400 |
| $/Sq. Ft.: | $291 |
| Lot Size: | 5,985 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1981 |
Last sale:
| Aug 13, 2008 | Sold | $382,500 |
This bank owned property was first purchased in 2002 for $490k with two loans of $392k and $98k. That’s right, that’s equivalent to a 0% down loan. And then in 2004 it was refinanced again with an adjustable loan of $520k and it seems like there was a transfer between family members. And then in 2006 it was refinanced again with two loans of $612,000 and $76,500 for a total of $688,500. So basically this family took out around $200k from this little house during the boom, and finally it went into foreclosure so the last lender is looking around a loss of $280k. It seems like it was a good deal for this particular family because they practically got to live in this house for more than 4 years for free.
1341 BEACON Ave San Mateo, CA 94401 – A true castle that will fit the entire kingdom!
1341 BEACON Ave San Mateo, CA 94401
Price: $549,900
| Beds: | 6 |
| Baths: | 3 |
| Sq. Ft.: | 2,390 |
| $/Sq. Ft.: | $230 |
| Lot Size: | 8,052 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Traditional |
| Year Built: | 1950 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | South Shoreview |
| County: | San Mateo |
Last sale:
Jul 07, 2008 Sold $767,748 -9.9%/yr Public Records
Dec 29, 2006 Sold $900,000 17.4%/yr Public Records
Loss if sold for asking: $217848 or 28.4%
I absolutely love the realtor’s description of this listing: “Ideal for trades person or contractor. .. try the fha rehab loan to make this a true castle that will fit the entire kingdom! Large lot has room for a boat or RV also!” I’m not sure what kind of kingdom that would be, but I guess everyone needs a dream.
It is currently owned by Greenpoint Mtg Funding Inc and there will be an open house this Saturday 1/24 from 1pm to 4pm!
2268 ADDISON Ave East Palo Alto, CA 94303
2268 ADDISON Ave East Palo Alto, CA 94303
Price: $183,750
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,130 |
| $/Sq. Ft.: | $163 |
| Lot Size: | 4,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1939 |
| Stories: | 1 |
| View: | Neighborhood |
| Neighborhood: | East of U.S. 101 |
Last sales:
Sep 19, 2008 Sold $579,457 -5.0%/yr Public Records
Oct 12, 2006 Sold $640,000 16.4%/yr Public Records
Loss if sold for asking: $395707 or 68.3%
This bank owned property is probably one of the cheapest single family homes on the Peninsula and it looks like it still has some appliances left. It’s about $460k off its peak price, and that’s pretty sad.
1044 SUZANNE Ct Half Moon Bay, CA 94019
1044 SUZANNE Ct Half Moon Bay, CA 94019
Price: $299,900
| Beds: | 3 |
| Baths: | 1.5 |
| Sq. Ft.: | 1,190 |
| $/Sq. Ft.: | $252 |
| Lot Size: | 1,428 Sq. Ft. |
| Property Type: | Townhouse |
| Style: | Contemporary |
| Year Built: | 1970 |
| Stories: | 1-3 (Low Rise) |
| View: | Green Belt, Mountains, Neighborhood |
| Neighborhood: | Wave Crest |
| County: | San Mateo |
Last sale:
| Nov 24, 2008 | Sold | $436,298 |
Loss if sold for asking: $136,398 or 31.3%
This is a bank owned property on the coast. It seems like a decent townhome and it is listed for less than its 2003 price.
270 VERA Ave Redwood City, CA 94061 – Rolled back to pre-2002
270 VERA Ave Redwood City, CA 94061
Price: $499,900
| Beds: | 2 |
| Baths: | 3 |
| Sq. Ft.: | 1,730 |
| $/Sq. Ft.: | $289 |
| Lot Size: | 3,570 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Traditional |
| Year Built: | 1922 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | Central Park |
| County: | San Mateo |
Last sale:
| Feb 15, 2008 | Sold | $623,250 |
This house is currently owned by Countrywide/Bank of America and the last sale was a foreclosure auction. It is in a good area and the size is decent, but the house is pretty old and it has the old style electric heaters. It’s interesting to see that some of the past owners of this home had 100% financing as early as 2002 when the home sold for $530,000. Now I guess they realized that all that money didn’t really exist to begin with. The price has been dropped about $50k since its listing in the end of October.
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