1022 S DELAWARE St San Mateo, CA 94402

 

1022 S DELAWARE St San Mateo, CA 94402

delaware.jpg

Price: $469,950

Beds: 2
Baths: 1
Sq. Ft.: 860
$/Sq. Ft.: $546
Lot Size: 4,280 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary

Last sale: Apr 28, 2005 Sold $655,000
Loss if sold for asking: $185050 or 28%

Loss of equity per month:  $3701

It looks like the realtor tried to spruce up the photo a little bit and the tree looks like its an unnatural green color.   Supposedly this is not a short sale or REO, but  it has been listed 3 times now since April 2008.  Here is the listing history:

Jun 28, 2009       Listed        $469,950       –       EBRD #40417039
Jun 28, 2009     Listed     $469,950     —     MLSListings #80931255
Jan 07, 2009     Delisted     *     —     Inactive MLSListings #1
Sep 15, 2008     Price Changed     *     —     Inactive MLSListings #1
Jul 16, 2008     Relisted     *     —     Inactive MLSListings #1
Jul 15, 2008     Delisted     *     —     Inactive MLSListings #1
May 14, 2008     Price Changed     *     —     Inactive MLSListings #1
May 07, 2008     Price Changed     *     —     Inactive MLSListings #1
Apr 23, 2008     Price Changed     *     —     Inactive MLSListings #1
Apr 14, 2008     Listed

       

It is definitely overpriced for the neighborhood it is in,and it is one tiny house.