486 WALSH Rd Atherton, CA 94027
486 WALSH Rd Atherton, CA 94027
Price: $4,125,000
| Beds: | 5 |
| Baths: | 3 |
| Sq. Ft.: | 4,640 |
| $/Sq. Ft.: | $889 |
| Lot Size: | 1.06 Acres |
| Age (Years): | 31 |
| Year Built: | 1977 |
| Type: | Detached Single Family |
Last sale: Oct 18, 2000 $4,300,000
Loss if sold for asking: $175,000 or 4.1%
This is a brand new listing in Atherton that is listing for 4% off its 2000 price. It is open on 9/21 and 9/28 from 1:30 to 4:30pm. I guess 4% isn’t that bad of a loss.
2 ZACHARY Ct Menlo Park, CA 94025 – Almost Rolled Back to Original 2001 Price
2 ZACHARY Ct Menlo Park, CA 94025
Price: $2,570,000
| Beds: | 6 |
| Baths: | 4 |
| Sq. Ft.: | 4,267 |
| $/Sq. Ft.: | $602 |
| Lot Size: | 10,080 Sq. Ft. |
| Age (Years): | 7 |
| Year Built: | 2001 |
| Type: | Detached Single Family |
Last sale price: Oct 31, 2001 $2,500,000
Original list price: May 12, 2008 $2,950,000
After 3 months on the market and almost $400k in price reductions, this house is now listed for less than 3% above its 2001 price. This is in the prime area of west Menlo Park west of Alameda de Las Pulgas.
801 CRYSTAL SPRINGS Rd San Mateo, CA 94402
801 CRYSTAL SPRINGS Rd San Mateo, CA 94402
Price: $2,200,888
| Beds: | 4 |
| Baths: | 4 |
| Sq. Ft.: | 3,320 |
| $/Sq. Ft.: | $663 |
| Lot Size: | 0.45 Acres |
| Age (Years): | 20 |
| Year Built: | 1988 |
| Type: | Detached Single Family |
| Style: | Mediterranean |
| Stories: | Tri Level |
| View(s): | Mountains, Canyon, Valley |
Last sale: Jun 30, 2005 $2,380,000
Loss if sold for asking: -$179112 or 7.5%
This is a house very close to Hillsborough, and it looks quite nice from the pictures. The property tax on it costs way more than my rent. The sales history on this property is quite interesting. In the last bubble of 1990 it sold for $897k, and then in 1997 it went for only $850k. By that logic, it would be worth a little less than now in 2012.
35 WINDING Way San Carlos, CA 94070
35 WINDING Way San Carlos, CA 94070
Price: $1,798,000
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 4,150 |
| $/Sq. Ft.: | $433 |
| Lot Size: | 0.42 Acres |
| Age (Years): | 8 |
| Year Built: | 2000 |
| Type: | Detached Single Family |
Listing history:
| Date | Price |
| Jan 06, 2008 | $1,998,000 |
| Feb 09, 2008 | $1,798,000 |
Last sale: Nov 03, 2000 $1,825,000
Loss if sold for asking: $27000 or 1.5%
Comments: I featured another Winding Way house on this article about the most expensive homes by price per square foot. I must say that this house is a better deal. It is a bit too big for me, and too expensive, but someone with money may find this to be a good buy. It is in the woods, though, and that street is really hard to drive on. One thing of interest is that this house’s new listing price after a $200k pricecut is lower than its price in 2000! What a deal!
Homes with Million Dollar Price Reductions
San Mateo County is home to extremely wealthy towns such as Hillsborough and Atherton. Some of the estates in these places are really unbelievable. I was surfing Redfin today I found some very beautiful properties that have had multi-million dollar price reductions. Here is a showcase.
535 EL ARROYO Rd Hillsborough, CA 94010
Listing history:
| Date | Price |
| Apr 02, 2007 | $7,280,000 |
| Jun 28, 2007 | $6,850,000 |
| Feb 20, 2008 | $5,880,000 |
| Feb 25, 2008 | $5,860,000 |
| Apr 30, 2008 | $5,480,000 |
Yup, this one is down $1.8 million since last year. It is by all means an extremely luxurious look castle. I am sure someone with enough dough will snap it up soon, well, maybe in a year.
150 ALMENDRAL Ave Atherton, CA 94027
Listing history:
| Date | Price |
| Feb 27, 2007 | $9,950,000 |
| Apr 10, 2008 | $8,950,000 |
Well, this one admits that they are too ashamed to show the house so they said “VALUE IS IN THE LAND”. It is reduced exactly $1 million since last year.
262 W SANTA INEZ Ave Hillsborough, CA 94010
| Date | Price |
| May 30, 2006 | $13,800,000 |
| May 27, 2007 | $15,500,000 |
| Nov 28, 2007 | $12,995,000 |
This one has been on the market for more than 2 years. It’s an extremely ostentatious replica of an 18th century French chateau. It is pretty impressive, but it’s been reduced $2.5 million from its May 2007 price.
435 PULLMAN Rd Hillsborough, CA 94010
Listing history:
| Date | Price |
| Jun 01, 2007 | $15,000,000 |
| Nov 13, 2007 | $13,888,000 |
| May 06, 2008 | $12,880,000 |
This is yet another mansion in Hillsborough. This one is down $2.1 million since last year. That’s a pricecut of more than 10%.
Well, I’m sure these people aren’t actually in trouble since they bought these homes a long time ago, but at least it’s comforting to know that they are realistic and following the market in listing their crazy mansions.
123 FEY DR Burlingame, CA 94010
123 FEY DR Burlingame, CA 94010
Price: $1,999,000
| Beds: | 4 |
| Baths: | 3.5 |
| Sq. Ft.: | 3,520 |
| $/Sq. Ft.: | $568 |
| Lot Size: | 0.46 Acres |
| Age (Years): | 17 |
| Year Built: | 1991 |
| Type: | Detached Single Family |
| Listing Price History:
Date |
Price |
| Mar 4, 2007
Apr 5, 2007 Jul 17, 2007 Nov 14, 2007 |
$2,190,000
$2,228,000 $1,998,000 $2,200,000 |
| Dec 15, 2007 | $1,999,000 |
Last sale date: 5/31/2006
Last sale price: $2,000,000
Loss if sold at asking: $1000 or 0.05%
Comments: This is a gorgeous house that I can’t afford. It sure is pretty, though, and it has been on the market for over one year so I am sure the cost to sell it is much much higher than 1000 dollars. I wonder what is wrong with it?
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