3904 HACIENDA St San Mateo, CA 94403

3904 HACIENDA St San Mateo, CA 94403

Price: $925,000

Beds: 3
Baths: 2
Sq. Ft.: 1,820
$/Sq. Ft.: $508
Lot Size: 9,794 Sq. Ft.
Property Type: Attached Single Family
Year Built: 1952
Stories: 2
View: Bay, Mountains

Last sale:

Jan 31, 2006 Sold $1,090,000  

Loss if sold for asking: $165,000 or 15.1%

This home is in a fairly nice area of San Mateo.  It is a short sale at about the median price per square foot.  The lot is also a fairly good size.

120 HAMILTON Ln Burlingame, CA 94010

120 HAMILTON Ln Burlingame, CA 94010

 burlingame.jpg

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.

27 AMARYLLIS Ct South San Francisco, CA 94080

  27 AMARYLLIS Ct   South San Francisco, CA 94080  

Price: $849,000

Beds: 4
Baths: 2.5
Sq. Ft.: 2,390
$/Sq. Ft.: $355
Lot Size: 4,374 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Year Built: 2000
Stories: 2
View: Neighborhood
Neighborhood: South San Francisco

Last sale:

Jun 28, 2006 Sold $1,260,000  

Loss if sold for asking: $411,000 or 32.6%

This is a large home that’s a short sale.  It seems that the previous owners really lucked out because they bought it for $723,000 with a conventional 80% loan and then sold for 1.26 million to the latest owners.  I guess there are winners and losers in everything.

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!

900 SOUTH Rd Belmont, CA 94002 – Realtor in Trouble?

 

900 SOUTH Rd Belmont, CA 94002

Price: $1,300,000

contractor.jpg

Beds: 5
Baths: 3.5
Sq. Ft.: 3,500
$/Sq. Ft.: $371
Lot Size: 0.3 Acres
Property Type: Detached Single Family
Style: Contemporary
Year Built: 2009
Stories: 2
View: Canyon, City Lights
Neighborhood: Belmont Country Club
County: San Mateo

Something must be wrong when you try to sell a house that’s “70% finished”. Anyway, I looked up this property on PropertyShark and it showed that it is owned by “Ghafouri,Paymon & Velecia T “. The name Paymon sounded really familiar so I Googled him, and what do you know, he is a Realtor in Redwood City and I have been to his website before. It seems that he took out a construction loan in the amount of $760k in 2006 to build this big mansion in Belmont, but now the work isn’t being finished. Not sure what the story is there, but it sure seems funny to list a shell of a home for over $1 million.

566 MAGNOLIA Ave South San Francisco, CA 94080

566 MAGNOLIA Ave South San Francisco, CA 94080

Price: $499,000

Beds: 2
Baths: 1
Sq. Ft.: 1,380
$/Sq. Ft.: $362
Lot Size: 4,000 Sq. Ft.
Property Type: Detached Single Family
Year Built: 1950
Stories: 2

Last sale: Mar 22, 2006 Sold $750,000
Loss if sold for asking: $251,000 or 33.5%

Another short sale in South City.  This is a fairly new listing and the pictures look decent.

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