12 ATHLONE Ct Menlo Park, CA 94025

Last sale: Nov 23, 2005 Sold $960,000
Loss if sold for asking: $161,000

It looks like the current owners bought this home back in 2005 with a $720k adjustable loan.  Their listing price will help them just break even.  Open house this weekend on September 12th and 13th from 1pm to 4pm.

500 LIVE OAK Way #503 Belmont, CA 94002

Price: $731,000

Last sale:

Loss if sold for asking: $258,000 or 26.1%

My husband actually lived right next to this condominium complex when it was being constructed.  He was renting one of the several hundred apartments surrounding this complex.   When the homes were finally constructed they were all listed for around $1 million while the apartment buildings surrounding it were renting for less than $1500.   I actually went to one of the open houses there and  yes, of course these condominiums are nicer than the apartments, but for the most part they fit right into the neighborhood full of 2 to 3 story apartment buildings.  It’s not a bad neighborhood, but if you have this kind of money it is probably better to just buy a single family home and avoid the $300+ HOA.

139 14TH Ave San Mateo, CA 94402

Price: $678,000

Last sale:

Just when I thought the last little cottage was expensive, I stumbled upon this little charmer.  It is in a decent neighborhood of San Mateo, but the owner is asking for over $1000 per square foot for this little hundred year old cottage.  There is an open house this Sunday, and I really wonder if there are gold toilets or flooring in this house to warrant this price?

2106 CORONET Blvd Belmont, CA 94002

Price: $774,500

Last sale:

Loss if sold for asking: $25,500 or 3.2%

This is a decent sized Belmont home with a pool. The sellers took out two loans that covered 100% of 800,000 from the now dead Greenpoint Mortgage.  This means the mortgage alone would have been $4000 to $5000 a month on this puppy.  This would be double the price of renting a home like this.  Anyway,  there is an open house this weekend from 1:00pm to 4:00pm.

1023 HELM Ln Foster City, CA 94404

Price: $715,000

Last sale:

Loss if sold for asking: $34,000

This one’s financing history is pretty interesting.  It was purchased in 2005 with a $509k ARM from Wells Fargo and a $60k fixed loan from Genentech.  I had no idea that Genentech gave out home loans.  It may be an employee benefit or something?  Anyway, this couple is probably just being realistic about the sale price because they first listed this more than 7 months ago.  This is  a water front home, but the water in question is a man made lake kind of thing.  Anyway, there are showings for this home on  2/1 from 1pm to 4pm.

1561 WESTMOOR Rd Burlingame, CA 94010

Price: $775,000

Last sale:

Loss if sold for asking: $75,000 or 8.8%

Sep 05, 2008 Listed

Here is another Burlingame rancher that’s being listed for way too much.  Seems like it took just about 2.5 months to sell in 2006.  I wonder how long it is going to take this time.  Open house is today 1/25 from 1pm to 4pm.

1561 WESTMOOR Rd Burlingame, CA 94010

Price: $775,000

Last sale: Aug 28, 2006 Sold $850,000

Loss if sold for asking: $75000 or  8.8%

This small pre-World War 2 home is pretty much backed up onto El Camino Real so it might be a little bit noisy and it is still $705 per square foot .  There is an open house this weekend on 1/25/09 from 1 to 4.

316 LUX Ave South San Francisco, CA 94080

Price: $799,000

This is a fairly new  duplex and it is already a short sale.  The realtor that posted the listing seems  very fond of  spaces and caps:

T H I S I S A S H O R T S A L E. .. S U B J E C T T O L E N D E R A P P R O V A L. O C C U P I E D O N E U N I T A N D R E N T T H E N E X T U N I T F O R A D D E D I N C O M E. THIS DUPLEX WAS A L M O S T B R A N D N E W . 3 B D R M E A C H. AND F A M I L Y RM. 2.5 BA. E A C H U N I T. L A R G E B D R M S. I D E N T I C A L U N I T. 2 C A R G A R A G E. APPT. ONLY

124 FARALLON Dr Belmont, CA 94002

Price: $749,000

Last sale:

Loss if sold for asking: $26,000 or 3.4%

This Belmont townhome is almost down to its 2004 price.  It’s one of the newer units in the Peninsula built in 1990.

1803 S NORFOLK St San Mateo, CA 94403

Price: $650,000

Last sale:

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%: