1532 CAROL Ave Burlingame, CA 94010
1532 CAROL Ave Burlingame, CA 94010
Price: $1,339,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,731 |
| $/Sq. Ft.: | $774 |
| Lot Size: | 6,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1917 |
Last sale:
| Sep 30, 2004 | Sold | $1,351,000 |
Loss if sold for asking: $12,000 or 0.9%
The interesting thing about Burlingame is that the listing price per square foot is much higher than the sold price per square foot. Here is the graph:
So it seems that Burlingame sellers are all still holding their prices high, but the ones that sell are much much cheaper. If this particular home were at the Burlingame average of $620 per square foot, then it would be at only $1.07 million. Perhaps that would be a better starting price?
1 APPIAN Way Unit 714-5 South San Francisco, CA 94080 – Why you should stay away even though it is cheap.
1 APPIAN Way Unit 714-5 South San Francisco, CA 94080
Price: $140,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 720 |
| $/Sq. Ft.: | $194 |
| Lot Size: | - |
| Property Type: | Condominium |
| Year Built: | 1979 |
| Stories: | 1-3 (Low Rise) |
This is another troubled property in the ill fated Colina Condominiums. I’m wondering if the major structural damages have been repaired or not, but undoubtedly the hefty assessment fees they wanted pushed quite a few people into foreclosure. The lesson here is to stay away from these condos if you want to live.
638 VANESSA Dr San Mateo, CA 94402
638 Vanessa Dr, San Mateo, CA 94402
Price: $494,700
| Beds: | 5 |
| Baths: | 3 |
| Sq. Ft.: | 1,540 |
| $/Sq. Ft.: | $321 |
| Lot Size: | 5,194 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1955 |
| Stories: | 1 |
Last sales: Jan 30, 2009 Sold $572,000 ( Foreclosure)
May 22, 2007 Sold $890,000
Loss if sold for asking: $77300 from foreclosure price, nearly $400k from last sale price.
This home is in a decent neighborhood of San Mateo, but it is fairly nondescript and now has the “appliance-ripped-out” look of foreclosures. It is currently owned by Aurora Lending Services LLC in Colorado. It is down $400,000 from its 2007 sale price, but it is doubtful if it’s worth even $494k now.
313 MAGELLAN Dr Pacifica, CA 94044
313 MAGELLAN Dr Pacifica, CA 94044
Price: $530,000
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 1,790 |
| $/Sq. Ft.: | $296 |
| Lot Size: | 4,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Contemporary |
| Year Built: | 1968 |
Last sale:
| Jun 24, 2004 | Sold | $725,000 |
Loss if sold for asking: $295,000 or 40.7%
It seems that this was originally bought with 2 fixed loans that totaled 100% of $725k, and then the owners refinanced in 2006 into two variable loans totaling $774k. This means there might have been some cash out. This is a short sale, and I guess the sellers won’t really lose much since they don’t have to pay back the money they cashed out. There is an open house from 2 to 4pm on the 28th.
1233 BELLEVUE Ave #1 Burlingame, CA 94010
1233 BELLEVUE Ave #1 Burlingame, CA 94010
Price: $818,000
| Beds: | 2 |
| Baths: | 2.5 |
| Sq. Ft.: | 1,550 |
| $/Sq. Ft.: | $528 |
| Lot Size: | - |
| Property Type: | Townhouse |
| Style: | Cape Cod |
| Year Built: | 1985 |
| Stories: | 1-3 (Low Rise) |
Last sale:
| Aug 29, 2007 | Sold | $869,000 |
Loss if sold for asking: $51,000 or 5.9%
This actually looks like a well maintained townhome in a good part of Burlingame. However, buying this home at the current price would work out to be quite a bit more than just renting in the same area. Looks like there are no defaults or late payments on this home so it may take a while for the price to be lowered because I don’t think the owners are that desperate. There are open homes scheduled for three Sundays starting this Sunday. You can see it on 2/22, 3/1, and 3/8 from 2 to 4 pm.
1160 WALNUT St San Carlos, CA 94070
1160 WALNUT St San Carlos, CA 94070
Price: $839,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 1,060 |
| $/Sq. Ft.: | $792 |
| Lot Size: | 4,800 Sq. Ft. |
| Property Type: | Detached Single Family |
Last sale:
| Jun 23, 2006 | Sold | $865,000 |
Loss if sold for asking: $26,000
This is probably a good example of a delusional seller. The median price per square foot in San Carlos has dropped to $511 and the owners of this tiny “classic Tudor” is still going for $792 per square foot. This home isn’t on the hills but it is close to downtown. Anyway, there is an open house this weekend on Feb 22, from 1 to 4pm.
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