81 RIDGE VIEW Dr Atherton, CA 94027
81 RIDGE VIEW Dr Atherton, CA 94027
Price: $3,495,000
| Beds: | 4 |
| Baths: | 4 |
| Sq. Ft.: | 3,650 |
| $/Sq. Ft.: | $958 |
| Lot Size: | 0.85 Acres |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 1 |
| View: | Neighborhood |
| Year Built: | 1950 |
Last sale: Jun 17, 2008 Sold $4,100,000
Loss if sold for asking:$605,000 or 14.8%
It’s been a while since I featured a multimillion dollar home here. This one is a pretty normal property in Atherton. It seems that it’s been sold from one trust to another in the past couple decades so I’m sure the sellers aren’t really in trouble, but it seems that they want to get rid of the home in a hurry because they already cut the price twice. Lately there has been more and more listings in Atherton and most of these multimillion sales take a pretty long time. I suspect the inventory will build up further.
50 ALHAMBRA Ct Portola Valley, CA 94028
50 ALHAMBRA Ct Portola Valley, CA 94028
Price: $1,685,000
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,040 |
| $/Sq. Ft.: | $826 |
| Lot Size: | 2.01 Acres |
| Property Type: | Detached Single Family |
| Year Built: | 1957 |
| Stories: | 1 |
| View: | Mountains |
| Neighborhood: | Central Portola Valley |
| County: | San Mateo |
Last sale: Apr 29, 2005 Sold $1,855,000
Loss if sold for asking: $170,000 or 9.2%
This Portola Valley home is on a huge tree covered lot and just recently cut its listing price by more than $350,000 from $2.049 million to $1.685 million. This may be worth a look for the uber rich though the house is quite small for the area. This is the first Portola Valley listing we have featured here.
3610 WOODSIDE Rd Woodside, CA 94062
3610 WOODSIDE Rd Woodside, CA 94062
Price: $11,900,000
| Beds: | 6 |
| Baths: | 4 |
| Sq. Ft.: | 16,000 |
| $/Sq. Ft.: | $744 |
| Lot Size: | 4.97 Acres |
| Property Type: | Detached Single Family |
| Style: | Tudor, Country English |
| Year Built: | 1987 |
| Stories: | 2 |
| View: | Mountains |
| Neighborhood: | Central Woodside |
| County: | San Mateo |
Last sale: Nov 07, 2006 Sold $12,108,000
Loss if sold for asking: $208,000 or 1.7%
First of all, that overhead picture of the estate looks like it’s straight out of a fairytale. It’s beautiful, and it’s probably the most expensive listing that I have found so far that has a last sale price that’s higher than the current listing price. Since this home’s first listing the price has been cut 2.6 million, but I think it’s still way out of reach for mere mortals. It should be interesting to see what it finally sells for.
341 SEVILLE Way San Mateo, CA 94402
341 SEVILLE Way San Mateo, CA 94402
Price: $1,489,000
| Beds: | 3 |
| Baths: | 3 |
| Sq. Ft.: | 2,196 |
| $/Sq. Ft.: | $678 |
| Lot Size: | 5,500 Sq. Ft. |
| Age (Years): | 71 |
| Year Built: | 1937 |
| Type: | Detached Single Family |
Last sale: Aug 15, 2006 $1,521,000
Loss if sold for asking: $32,000 or 2.1%
It seems that they put the lockbox password on the listing: 84361199 . That never seemed very wise to me because I think bums and criminals could just scan these listings, find the passwords and steal all the nice staged furniture inside these homes or squat there.
19 WOODLEAF Ave Redwood City, CA 94061 – Multimillion house rolled back to 2004
19 WOODLEAF Ave Redwood City, CA 94061
Price: $2,150,000
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 3,360 |
| $/Sq. Ft.: | $640 |
| Lot Size: | 0.29 Acres |
| Age (Years): | 27 |
| Year Built: | 1981 |
| Type: | Detached Single Family |
Last sale: Jun 18, 2004 $2,249,000
Loss if sold for asking: $99,000 or 4.4%
This is a very nice looking house near where I live. It is currently 4.4% below its 2004 price, but for that kind of money you can probably buy something in Atherton, Woodside, or even Hillsborough.
Burlingame Mansions That Will Barely Break Even
Burlingame doesn’t have that many troubled properties, but I have been seeing quite a few mansions that would fetch less than their last sale prices if you account for a 6% sale cost. Here is a list of these high end properties:
1816 MONTECITO Way Burlingame, CA 94010
Current Price: $1,888,000
If sold with a cost of 6%: $1,774,720
Last sale price: Jul 11, 2007 $1,775,000
1101 CORTEZ Ave Burlingame, CA 94010
Current Price: $1,399,000
If sold with cost of 6%: $1,315,060
Last sale price: Oct 31, 2006 $1,350,000
128 CHANNING Rd Burlingame, CA 94010
Current Price: $1,595,000
If sold with cost of 6%: $1,499,300
Last sale price: Jun 17, 2005 $1,499,000
1017 BALBOA Ave Burlingame, CA 94010
Current price: $2,595,000
If sold with cost of 6%: $2,439,300
Last sale price: May 25, 2007 $2,440,000
2940 TROUSDALE Dr Burlingame, CA 94010
Current price: $1,388,000
If sold with cost of 6%: $1,304,720
Last sale price: Mar 16, 2005 $1,320,000
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