512 Stanford Avenue – Up for grabs at auction
A bit over a year ago I posted about a triple homicide at the property at 512 Stanford Avenue in Redwood City. At that time the home was listing for $337k and the last sale price was 587k in January 2007. Now you have 8 days left to grab this property at auction.
According to the Hudson and Marshall website, the last highbid is only $167,500, and this is the description:
512 Stanford Avenue
Redwood City, CA 94063
Bed: 3 Only 8 Days Left
to Bid NowBath: 1 Bid Now! Sq. Ft.: 820 Comments:
Last High Bid $167,500
Agent disclosure requiring buyer signature regarding homicides at property
Buyers who are interested in purchasing this property prior to the auction must be pre-qualified for financing through Wells Fargo or Wachovia. (This is only a requirement to be pre-qualified; the final loan may be obtained through any financial institution)
Please call 1-877-937-9357 during the following times:
Monday – Friday, 7:00 am – 11:00 pm Central Time
Saturday, 8:00 am – 4:30 pm Central Time
Or online at: Wells Fargo Pre-Qualification Form
Would you buy this for $168k?
1023 HELM Ln Foster City, CA 94404
1023 HELM Ln Foster City, CA 94404
Price: $715,000
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 1,240 |
| $/Sq. Ft.: | $577 |
| Lot Size: | 884 Sq. Ft. |
| Property Type: | Townhouse |
| Style: | Cape Cod |
| Year Built: | 1996 |
| Stories: | 1-3 (Low Rise) |
| View: | Lake |
| Neighborhood: | Harbor Side |
| County: | San Mateo |
Last sale:
| Jul 22, 2005 | Sold | $749,000 |
Loss if sold for asking: $34,000
This one’s financing history is pretty interesting. It was purchased in 2005 with a $509k ARM from Wells Fargo and a $60k fixed loan from Genentech. I had no idea that Genentech gave out home loans. It may be an employee benefit or something? Anyway, this couple is probably just being realistic about the sale price because they first listed this more than 7 months ago. This is a water front home, but the water in question is a man made lake kind of thing. Anyway, there are showings for this home on 2/1 from 1pm to 4pm.
61 CHESTER St #00001 Daly City, CA 94014 – Cheapest Condo in Daly City
61 CHESTER St #00001 Daly City, CA 94014
Price: $124,500
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 703 |
| $/Sq. Ft.: | $177 |
| Lot Size: | - |
| Property Type: | Condominium |
| Style: | Ranch |
| Year Built: | 1964 |
| Stories: | 1-3 (Low Rise) |
| Neighborhood: | Blossom Valley |
| County: | San Mateo |
Last sale: Feb 28, 2006 Sold $360,000
Loss if sold for asking: $235500 or 65.4%
After six months on the market, there is finally a fresh price cut on this property. It is still a short sale, though, so it might be very very hard to close. This could be good for a single person since it could work out to be cheaper than renting.
Almost cheaper than rent – N BAYSHORE Blvd #121 San Mateo, CA 94401
N BAYSHORE Blvd #121 San Mateo, CA 94401
Price: $289,900
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 1,020 |
| $/Sq. Ft.: | $284 |
| Lot Size: | - |
| Property Type: | Condominium |
| Year Built: | 1982 |
| Stories: | 1-3 (Low Rise) |
| View: | Neighborhood |
| Neighborhood: | North Shoreview/ |
I’ve visited this condo complex before when my husband and I were looking for a place to rent. It is located right next to the 101, but if you are in a rear unit it’s not very noisy. The rooms have good sizes, but it’s a bit old. There also isn’t that much amenities in the complex. The asking rent was $1600 a month, and we thought it was decent, but we didn’t choose it because of the location. Anyway, at this price, if you put 20% down and qualify for the best 30 year fixed loan right now with a 5.25% interest rate, you could possibly be paying less than rent if you itemize your taxes. Here are the calculations:
Loan: 231920 30 year fixed at 5.25%
Monthly mortgage payment: 1280.67
Monthly association fee: 340 includes landscaping and common area insurance
Taxes: Currently $482 a month according to county records, but it’s possible to get it reduced after you purchase it for the new price.
Additional insurance: 50 a month
Total: $2152.67
If you itemize your taxes and deduct mortgage interest and tax then you could get a few hundred dollars back a month in taxes depending on your tax bracket and around $270 a month is equity in the first year. If you negotiate the price down another $30k or so you’d be definitely paying less than rent. This is a bank owned property that has been on the market for a very long time so it is possible you can get a bigger discount. Even though this isn’t really the most desirable part of San Mateo, it’s nice to see that buy and rent is almost in sync.
Fresh Price Reductions 8/19/2008
Here are some fresh price cuts from today in San Mateo County
1835 Bahia St, San Mateo, 94403 - I first listed this home in June, since then it has been cut $90k and is now $599,000.
4226 GEORGE Ave #4 San Mateo, CA 94403 – This one is only reduced around $12000, but it is $97k below its last sale price.
3629 PACIFIC Blvd San Mateo, CA 94403 – This home seller in trouble has cut the price another $30k today. Now it is $146k below its last sale price.
621 HELLER St Redwood City, CA 94063 – This home just cut its price $79k and is now down $230k from its last sale price.
271 B St Redwood City, CA 94063 -After 23 days on the market this home has been reduced $50k today. It is now $54k below its last price.
These are only a few of the homes that were reduced today. There has been reductions everyday so keep an eye out!
200 BONITA Ave Pacifica, CA 94044
200 BONITA Ave Pacifica, CA 94044
Price: $799,999
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 2,050 |
| $/Sq. Ft.: | $390 |
| Lot Size: | 4,590 Sq. Ft. |
| Age (Years): | 46 |
| Year Built: | 1962 |
| Type: | Detached Single Family |
| Stories: | 2 Stories |
Last sale: Mar 16, 2007 $1,050,000
Loss if sold for asking: $250,001 or 23.8%
This one looks like it’s in a nice area, and supposedly has an art studio with it?
Offers
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Mary Kay