590 Lisbon St Daly City, CA 94014
590 Lisbon St Daly City, CA 94014
Price: $1,498,000
| Beds: | - |
| Baths: | - |
| Sq. Ft.: | 10,348 |
| $/Sq. Ft.: | $145 |
| Lot Size: | - |
| Property Type: | Apartments, 5-15 Units |
| Style: | Contemporary |
| Year Built: | 1971 |
| Stories: | 3 |
| View: | City Lights |
| Region: | San Mateo County/ |
Last sale:
|
Loss if sold for asking: $77,000 or 4.9%
Another apartment building up for sale, but this one is in Daly City. It seems like more and more multifamily buildings are coming up for sale, but it is tough for investors to get a loan these days since a lot of banks have cut off funding to investors entirely.
316 LUX Ave South San Francisco, CA 94080
316 LUX Ave South San Francisco, CA 94080
Price: $799,000
| Beds: | 6 |
| Baths: | 4 |
| Sq. Ft.: | 4,937 |
| $/Sq. Ft.: | $162 |
| Lot Size: | 5,600 Sq. Ft. |
| Year Built: | 2004 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | Old South SF/ |
| County: | San Mateo |
This is a fairly new duplex and it is already a short sale. The realtor that posted the listing seems very fond of spaces and caps:
T H I S I S A S H O R T S A L E. .. S U B J E C T T O L E N D E R A P P R O V A L. O C C U P I E D O N E U N I T A N D R E N T T H E N E X T U N I T F O R A D D E D I N C O M E. THIS DUPLEX WAS A L M O S T B R A N D N E W . 3 B D R M E A C H. AND F A M I L Y RM. 2.5 BA. E A C H U N I T. L A R G E B D R M S. I D E N T I C A L U N I T. 2 C A R G A R A G E. APPT. ONLY
1803 S NORFOLK St San Mateo, CA 94403
1803 S NORFOLK St San Mateo, CA 94403
Price: $650,000
| Beds: | 5 |
| Baths: | 2.5 |
| Sq. Ft.: | 1,990 |
| $/Sq. Ft.: | $327 |
| Lot Size: | 5,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Contemporary |
| Year Built: | 1954 |
| Stories: | 1 |
| View: | Neighborhood |
| Neighborhood: | Parkside |
| County: | San Mateo |
Last sale:
| Sep 29, 2005 | Sold | $975,000 |
Loss if sold for asking: $325,000 or 33.3%
This house is a short sale. Supposedly it was a nursing home and the last seller put down 10% and took out two ARM loans for 80% and 10%:
| Owner address | 1803 Norfolk St | ||
| Lender # 1 | Stearns Lndg Inc | ||
| Loan amount # 1 | $731,250 | ||
| Lender # 2 | Stearns Lndg Inc | ||
| Loan amount # 2 | $146,250 |
Bottom in Redwood City? 243 Hazel Ave, Redwood City, 94061
243 HAZEL Ave REDWOOD CITY, CA 94061
Price: $232,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,160 |
| $/Sq. Ft.: | $201 |
| Lot Size: | 3,800 Sq. Ft. |
| Property Type: | Single Family Detached |
| Style: | Other |
| Year Built: | 1978 |
Last sale:
| Sep 18, 2008 | Sold | $520,625 |
| Apr 06, 2006 | Sold | $690,000 |
| Oct 08, 2004 | Sold | $560,000 |
Loss: $300k to $400k
This bank owned property had a peak sale price of $690,000 in 2006, and now it is being listed for less than $233k. It is being sold by Countrywide/Bank of America. This is a pretty amazing price considering that the zipcode 94061 still has a median price per square foot of over $500. It could be because this home is right on Woodside Ave. and sits right across from a cemetary. Anyway, the pictures look like the real estate agent was running with the camera. San Mateo County also gives this property an assessed value of $717k so the tax bill is pretty high even if you buy it for $233k.
Single Family Home Under $100,000 in San Mateo County? 208 Los Olivos Ave Daly City, CA 94014
208 Los Olivos Ave Daly City, CA 94014
Price: $80,000
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,090 |
| $/Sq. Ft.: | $73 |
| Lot Size: | - |
| Property Type: | Single-Family Home |
| Year Built: | 1914 |
| Region: | San Mateo County/ |
| Area: | Original Daly City |
| County: | San Mateo |
| MLS#: | 350427 |
| Source: | San Francisco MLS |
| Status: | Active |
| On Redfin: | 4 days |
Okay, on a first glance this looks like a super good deal, but then if you read the description it makes you think to yourself, “what the hell am I buying?”
This is the property description: “Occupant is a 60 year old female in good health. (she states) She was bequesthed a life estate in the property. She must pay all expenses, ie taxes, insurance, maintenance, etc. What is being sold is the remainder inerest.”
Are you buying the home with the occupant inside? Does she even own the house? It seems all a bit iffy. The listing agent also doesn’t know how to spell “bequeathed” and “interest”.
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