1040 Patricia SAN MATEO, CA 94401
1040 Patricia SAN MATEO, CA 94401
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,960 |
| $/Sq. Ft.: | $255 |
| Lot Size: | 5,500 Sq. Ft. |
| Property Type: | Single Family Detached |
| Style: | Other |
| Stories: | 1 |
| Neighborhood: | SAN MATEO VILLAGE |
Last sale: Jul 06, 2007 Sold $818,000
Loss if sold for asking: $319,000 or 39%
I actually know several families that live in this neighborhood. It’s not the most ritzy part of San Mateo, but it’s not bad either. It’s close to shopping and the general neighbors are good. I know at least one family that paid over $700k for a smaller house than this one here a couple years ago. So is this a good deal? It really depends. A house like this would rent for $2000 to $2300 a month, though.
4238 GEORGE Ave #00001 San Mateo, CA 94403 – One year later
4238 GEORGE Ave #00001 San Mateo, CA 94403
Price: $365,000
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 1,040 |
| $/Sq. Ft.: | $351 |
| Lot Size: | - |
| Property Type: | Condominium |
I first put this one up over a year ago. Looks like the price has been cut another $75,000 since then. This is still a short sale which means that the troubled sellers are still holding onto the property. Hopefully it will sell soon?
90 CARLETON Ave Daly City, CA 94015
90 CARLETON Ave Daly City, CA 94015
Price: $437,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,160 |
| $/Sq. Ft.: | $377 |
| Lot Size: | 3,500 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1958 |
Last sale: Nov 16, 2005 Sold $718,000
Loss if sold for asking: $281,000 or 39.1%
This is a REO listing, but the tax records still say its owner is at 192 Ashland Dr. It seems like the last buyer took two loans from Ameribanc Corp to buy this possibly second home or investment property. 80% was an ARM and 20% was fixed so it was basically a 100% loan. AmeriBanc unceremoniously died last year so I’m not sure who owns this property right now. Anyway,from the pictures it looks like the inside of this property is still intact.
1940 STAFFORD St Redwood City, CA 94063
1940 STAFFORD St Redwood City, CA 94063
Price: $407,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,400 |
| $/Sq. Ft.: | $291 |
| Lot Size: | 5,985 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1981 |
Last sale:
| Aug 13, 2008 | Sold | $382,500 |
This bank owned property was first purchased in 2002 for $490k with two loans of $392k and $98k. That’s right, that’s equivalent to a 0% down loan. And then in 2004 it was refinanced again with an adjustable loan of $520k and it seems like there was a transfer between family members. And then in 2006 it was refinanced again with two loans of $612,000 and $76,500 for a total of $688,500. So basically this family took out around $200k from this little house during the boom, and finally it went into foreclosure so the last lender is looking around a loss of $280k. It seems like it was a good deal for this particular family because they practically got to live in this house for more than 4 years for free.
27 AMARYLLIS Ct South San Francisco, CA 94080
27 AMARYLLIS Ct South San Francisco, CA 94080
Price: $849,000
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,390 |
| $/Sq. Ft.: | $355 |
| Lot Size: | 4,374 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Contemporary |
| Year Built: | 2000 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | South San Francisco |
Last sale:
| Jun 28, 2006 | Sold | $1,260,000 |
Loss if sold for asking: $411,000 or 32.6%
This is a large home that’s a short sale. It seems that the previous owners really lucked out because they bought it for $723,000 with a conventional 80% loan and then sold for 1.26 million to the latest owners. I guess there are winners and losers in everything.
566 MAGNOLIA Ave South San Francisco, CA 94080
566 MAGNOLIA Ave South San Francisco, CA 94080
Price: $499,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 1,380 |
| $/Sq. Ft.: | $362 |
| Lot Size: | 4,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1950 |
| Stories: | 2 |
Loss if sold for asking: $251,000 or 33.5%
Another short sale in South City. This is a fairly new listing and the pictures look decent.
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