1455 GORDON St Redwood City, CA 94061 – $450000+ price reduction

1455 GORDON St Redwood City, CA 94061

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Price: $799,900

Beds: 5
Baths: 3.5
Sq. Ft.: 2,480
$/Sq. Ft.: $323
Lot Size: 6,095 Sq. Ft.
Age (Years): 70
Year Built: 1938
Type: Detached Single Family

Last sale: Dec 15, 2005 $1,020,000

Loss if sold for asking:  $220100 or 21.6%

After being on the market for six months, this property finally dropped its price by $455100.  That is a significant price reduction and perhaps it will accept some bids now?  The price per square foot is way below the market price for the neighborhood, and the house looks quite decent.

2503 HASTINGS SHORE Ln Redwood Shores, CA 94065

2503 HASTINGS SHORE Ln Redwood Shores, CA 94065

Price: $619,000

Beds: 3
Baths: 3
Sq. Ft.: 1,296
$/Sq. Ft.: $478
Lot Size: -
Age (Years): 13
Year Built: 1995
Type: Condominium

Last sale: Aug 18, 2006 $690,000

Listing history:

Date Price
Feb 07, 2008 $640,000
May 19, 2008 $619,000

Loss if sold for asking: $71,000 or  10.3%

Another condo on landfill with very high association fees.  It is very close to Oracle, though.   This is a short sale according to the listing.

2627 BARCLAY Way Belmont, CA 94002

2627 BARCLAY Way Belmont, CA 94002

Price: $919,000

Beds: 4
Baths: 4
Sq. Ft.: 2,010
$/Sq. Ft.: $457
Lot Size: 5,820 Sq. Ft.
Age (Years): 43
Year Built: 1965
Type: Detached Single Family

Last sale: Sep 08, 2005 $1,129,000

Loss if sold for asking: $210,000 or  18.6%

This home is now pending with release, which means that the deal could still fail.  I read recently that a lot of pending sales just never close, but the MLS likes to have it updated anyway.

2736 MONSERAT Ave Belmont, CA 94002

 

2736 MONSERAT Ave Belmont, CA 94002

Price: $701,910

Beds: 3
Baths: 2
Sq. Ft.: 1,190
$/Sq. Ft.: $590
Lot Size: 5,000 Sq. Ft.
Age (Years): 52
Year Built: 1956

Listing price history:

Date Price
Feb 29, 2008 $795,000
Apr 01, 2008 $779,900
May 07, 2008 $701,910

Sales history:

Mar 30, 2006 $829,000

7.0%/yr

Dec 17, 2007 $704,429

-9.0%/yr

Loss from 2006: $127090 or 15.3%

Comments: I’m fairly sure this is another case of a bank repoed home because the sales price in 12/17/2007 was really weird. Additionally, the pricecuts are huge so whichever bank it is they are really trying to move it. It says that it won’t last long!

2028 LYON Ave Belmont, CA 94002

 

2028 LYON Ave Belmont, CA 94002

Price: $699,000

Beds: 2
Baths: 1
Sq. Ft.: 904
$/Sq. Ft.: $773
Lot Size: 4,000 Sq. Ft.
Age (Years): 57
Year Built: 1951

Last sale: Jan 20, 2006 $745,000

Loss if sold for asking: $46000 or 6.2%

Comments: This house is probably 30% overvalued even now since it is going for $773 per square foot. A house like this averages around $580 per square foot in Belmont.

170 NORTHUMBERLAND Ave Redwood City, CA 94063

170 NORTHUMBERLAND Ave Redwood City, CA 94063

doll.jpg

Price: $279,000

Beds: 2
Baths: 1
Sq. Ft.: 630
$/Sq. Ft.: $443
Lot Size: 2,625 Sq. Ft.
Age (Years): 103
Year Built: 1905

Listing history:

Date Price
Feb 25, 2008 $349,000
Mar 17, 2008 $329,000
Apr 07, 2008 $299,000
Apr 17, 2008 $279,000

Last sale:   Apr 01, 2005 $485,000

Loss if sold for asking: $206,000 or  42.5%

Comments:  This “charming doll house” is over one hundred years old!  It is cute, but is it livable?

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