2621 Heather Ln San Bruno, CA 94066
2621 Heather Ln San Bruno, CA 94066
Price: $498,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,110 |
| $/Sq. Ft.: | $449 |
| Lot Size: | - |
| Property Type: | Detached, Single-Family Home |
| Style: | Contemporary, Ranch |
| Year Built: | 1954 |
Last sale: Dec 22, 2006 Sold $735,000
Loss if sold for asking: $237,000 or 32.2%
According to public records, the current owner took out an adjustable loan with Downey Savings and Loans for $587,950, which is 80% of the loan. However, now it is listing for much less than that so I am guessing this is a short sale even though the listing doesn’t say so. The pictures look decent and the roof is new, but I think it is still a bit too expensive for San Bruno where the median price per squarefoot is $419. This home is also open on Sunday January 25th, 2009.
14 S ELDORADO St San Mateo, CA 94401
14 S ELDORADO St San Mateo, CA 94401
Price: $439,000
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 1,300 |
| $/Sq. Ft.: | $338 |
| Lot Size: | 5,880 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1907 |
| Stories: | 1 |
| Neighborhood: | Bowie Estate |
Last sale: May 09, 2006 Sold $724,500
Loss if sold for asking: $285500 or 39.4%
This bank owned antique home is very close to downtown San Mateo. I think it is owned by Wells Fargo. It is appealing for the price, but the age of the home may be problematic.
1044 SUZANNE Ct Half Moon Bay, CA 94019
1044 SUZANNE Ct Half Moon Bay, CA 94019
Price: $299,900
| Beds: | 3 |
| Baths: | 1.5 |
| Sq. Ft.: | 1,190 |
| $/Sq. Ft.: | $252 |
| Lot Size: | 1,428 Sq. Ft. |
| Property Type: | Townhouse |
| Style: | Contemporary |
| Year Built: | 1970 |
| Stories: | 1-3 (Low Rise) |
| View: | Green Belt, Mountains, Neighborhood |
| Neighborhood: | Wave Crest |
| County: | San Mateo |
Last sale:
| Nov 24, 2008 | Sold | $436,298 |
Loss if sold for asking: $136,398 or 31.3%
This is a bank owned property on the coast. It seems like a decent townhome and it is listed for less than its 2003 price.
177 VELASCO Ave & 165 Velasco Ave Daly City, CA 94014 – Fishy Sales Histories
177 VELASCO Ave Daly City, CA 94014
Price: $564,900
| Beds: | 3 |
| Baths: | 3 |
| Sq. Ft.: | 2,370 |
| $/Sq. Ft.: | $238 |
| Lot Size: | 2,500 Sq. Ft. |
| Property Type: | Attached Single Family |
| Style: | Contemporary |
| Year Built: | 2004 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | Southern Hills |
| County: | San Mateo |
Last sale:
| Jan 31, 2006 | Sold | $865,000 |
This home at 177 Velasco was first listed in April 2007. Now it’s once again on the market at an even lower price. What’s interesting to note is the sales history of this home. First it was sold for $670k in 2004 to an Allen, Tina N with two Countrywide loans that added up to 100% of the home. And then in 2005 the home was sold between Nguyen, Trang K and Nguyen, Hung for $750k. Again this was done with a 100% Countrywide loan. Then finally Allen, Nhi T sold the home to Abiva, Jeremy and Allen, Tina Nhi in 2006 for $865k. It seems like Allen, Nhi T and Allen, Tina Nhi are the same person. Additionally, if you look at the sales history for another foreclosed property at 165 Velasco you’ll see the same sale prices of $670k to $865k and the same repeating names of Allen, Nhi T, Nguyen, Hung, and Nguyen, Trang K where Allen, Nhi T sells 165 Velasco to the Nguyens for $865k. I’m not quite sure what’s going on, but the bottom line is that Countrywide definitely lost money on these.
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 |
1025 TOYON Dr Burlingame, CA 94010
1025 TOYON Dr Burlingame, CA 94010
Price: $649,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,970 |
| $/Sq. Ft.: | $330 |
| Lot Size: | 6,400 Sq. Ft. |
| Age (Years): | 62 |
| Year Built: | 1946 |
| Type: | Detached Single Family |
Last sale: Jun 24, 2008 $935,420
Loss if sold for asking: $285520 or 30.5%
This home is from a tip by reader Carina. She says “Just wanted you to know, 1025 Toyon, a bank owned property, just came on the market today at $649K. Its a nice size, 3/2 at almost 2000 sq ft, but it is right across the street from the train tracks.” This is indeed a nice sized house in Burlingame. It’s kind of odd that the bank took it back for $935k when the assessed value is only $700k or so. I guess someone went crazy on the cash out refinances. Thanks for your tip Carina!
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