930 ROSEWOOD Dr San Mateo, CA 94401

 

930 ROSEWOOD Dr San Mateo, CA 94401

Price: $1,249,000

rosewood.jpg

Beds: 3
Baths: 2.5
Sq. Ft.: 2,090
$/Sq. Ft.: $598
Lot Size: 6,930 Sq. Ft.
Age (Years): 80
Year Built: 1928
Type: Detached Single Family
Style: Spanish
Stories: Bi/Split Level

Last sale: May 11, 2005 $1,305,000

Loss if sold for asking: $56000 or 4.3%

That picture makes it look like a very small house with a false wall. It doesn’t exactly scream million dollar home. Here are some comparable data from Redfin that shows a couple troubled homes that sold recently in the neighborhood:

$607,670 720 S Delaware St
Sold on Jun 25, 2008 ,0.23 miles away, 5 bd / 3 ba 2,033 Sq. Ft.

$835,000 718 10th Ave
Sold on Apr 10, 2008 0.32 miles away, 2 bd / 2 ba 1,959 Sq. Ft.

So basically at $598 per square foot, this home is still overpriced for its neighborhood.

1657 WESTMOOR Rd Burlingame, CA 94010

 

1657 WESTMOOR Rd Burlingame, CA 94010

Price: $1,298,888

burlingamewestmoor.jpg

Beds: 3
Baths: 2
Sq. Ft.: 1,810
$/Sq. Ft.: $718
Lot Size: 5,250 Sq. Ft.
Age (Years): 66
Year Built: 1942
Type: Detached Single Family

Listing history:

Date Price
May 12, 2008 $1,358,888
Jun 26, 2008 $1,298,888

Last sale: Nov 14, 2006 $1,325,000

Loss if sold for asking: $26112 or 2.0%

This home actually looks beautifully staged, and by lowering the listing price it may actually do quite well by attracting more buyers. The median price per square foot is in the high 600s in Burlingame so this home isn’t exactly cheap.

2000 RAY Dr Burlingame, CA 94010

2000 RAY Dr Burlingame, CA 94010

Price: $1,188,000

Beds: 3
Baths: 2
Sq. Ft.: 1,780
$/Sq. Ft.: $667
Lot Size: 5,824 Sq. Ft.
Age (Years): 60
Year Built: 1948
Type: Detached Single Family

Last sale: $1,210,000 (07/14/2006)

Loss if sold for asking: -1.8% or $22000 

Comments:  This one actually is selling for a below average price per square foot for Burlingame.  Anyway, it is still nearly 1.2 million dollars.

909 ELM St San Carlos, CA 94070

909 ELM St San Carlos, CA 94070

Price: $1,399,000

Beds: 3
Baths: 2.5
Sq. Ft.: 1,950
$/Sq. Ft.: $717
Lot Size: 6,000 Sq. Ft.
Age (Years): 83
Year Built: 1925

Last sale: Oct 18, 2005 $1,500,000

Loss if sold for asking: $101000 or  6.7%

Comments:  This one isn’t even up in the hills and it’s asking for 1.4 million?  I guess it’s fairly close to El Camino and it’s convenient.

154 Barkentine St. Foster City, CA 94404

154 Barkentine St.  Foster City, CA 94404

Price: $1,198,000

Beds: 4
Baths: 3
Sq. Ft.: 2,360
$/Sq. Ft.: $508
Lot Size: 6,270 Sq. Ft.
Age (Years): 36
Year Built: 1972

Last sale: Jun 30, 2006 $1,238,000

Loss if sold for asking: $40000 or 3.2% 

Comments: This is one of landfill city’s million dollar homes.  It is pretty big for the area,  and the picture of the lawn is pretty nice.

2460 PARK RD Redwood City, CA 94062

2460 PARK RD Redwood City, CA 94062

Price: $1,104,900


Beds: 3
Baths: 2.5
Sq. Ft.: 2,030
$/Sq. Ft.: $544
Lot Size: 5,000 Sq. Ft.
Age (Years): 6
Year Built: 2002

Listing history:

Date Price
Jan 19, 2008 $1,151,900
Feb 28, 2008 $1,128,900
Apr 06, 2008 $1,104,900

Peak sale price: Aug 25, 2005 $1,410,000

Property value loss: $300000 or  21.3%

Comments:  This is a Countrywide foreclosure.  It is in the Emerald Hills area of Redwood City, which is quite nice.  The pictures on the listing aren’t very flattering, though.  Whoever buys this should get it reassessed and get a huge tax deduction.

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