2002 FOREST Ave Belmont, CA 94002

2002 FOREST Ave Belmont, CA 94002

Price: $898,000

Beds: 3
Baths: 2
Sq. Ft.: 1,243
$/Sq. Ft.: $722
Lot Size: 4,000 Sq. Ft.
Age (Years): 60
Year Built: 1948

Last sale: May 31, 2007 $945,000

Loss if sold for asking: $47000 or  -5.0%

This tiny little cottage’s price per square foot is about 40% above Belmont’s median.  I think it could fall at least 30% before it is even remotely reasonable.

71 BAYPARK Cir South San Francisco, CA 94080

71 BAYPARK Cir South San Francisco, CA 94080

Price: $949,888

Beds: 4
Baths: 2.5
Sq. Ft.: 2,410
$/Sq. Ft.: $394
Lot Size: 7,474 Sq. Ft.
Age (Years): 11
Year Built: 1997
Type: Detached Single Family

Last sale: Nov 17, 2004 $985,000

Loss if sold for asking: $35112 or  3.6%

This home still has an assessment above $1 million but it is under its sale price in 2004.  Inflation adjusted it is under the 2003 price. It is fairly large and is only 11 years old.  You would think that they would post a few pictures of the property at this price point, but nope, all we have is the street view photo.

4 ALISAL Ct Pacifica, CA 94044

4 ALISAL Ct Pacifica, CA 94044

Price: $899,000

Beds: 4
Baths: 3
Sq. Ft.: 2,210
$/Sq. Ft.: $407
Lot Size: 5,531 Sq. Ft.
Age (Years): 8
Year Built: 2000
Type: Detached Single Family

Last sale: Jan 13, 2006 $1,000,000

Loss if sold for asking: $101,000 or 10.1%


This former million dollar home does look pretty decent.  The price per square foot is also below the median for Pacifica.  More former million dollar homes will be listed this month.  Stayed tuned!

26 W 4TH Ave #2 San Mateo, CA 94402

26 W 4TH Ave #2 San Mateo, CA 94402

Price: $875,000

Beds: 3
Baths: 3
Sq. Ft.: 2,500
$/Sq. Ft.: $350
Lot Size: -
Age (Years): 88
Year Built: 1920
Type: Condominium
Style: Mediterranean
Stories: Low Rise (1-3 Stories)
Unit Description: 1 Level
Unit Location: 1st Floor Unit

Last sale:

Jun 01, 2005 $899,000

4.2%/yr

Loss if sold for asking: $24,000 or 2.7%

At first glance it seems like this condo has very low cost per square foot, but then if you took a look at the HOA you will see why.  The fees are $660 a month!   The condo is at a very good location at the heart of San Mateo downtown, though.  This is open on July 27th from 1 to 4 pm.

60 WYLVALE Ave Moss Beach, CA 94038

60 WYLVALE Ave Moss Beach, CA 94038

Price: $925,888

Beds: 3
Baths: 2.5
Sq. Ft.: 2,200
$/Sq. Ft.: $421
Lot Size: 5,096 Sq. Ft.
Age (Years): 20
Year Built: 1988
Type: Detached Single Family

Listing history:

Date Price
Apr 30, 2008 $1,160,000
May 05, 2008 $978,888
May 22, 2008 $925,888

Last sale: May 20, 2005 $1,100,000

Loss if sold for asking:  -$174112 or 15.8%

This is a short sale with a view of the ocean in the unincorporated coastside town of Moss Beach.  There aren’t that many people there I think.  One of my coworkers just moved there, though, and he it takes him about 30 minutes to drive to San Mateo.

2016 LYON Ave Belmont, CA 94002

 

2016 LYON Ave Belmont, CA 94002

Price: $964,500

Beds: 3
Baths: 2.5
Sq. Ft.: 1,781
$/Sq. Ft.: $542
Lot Size: 4,000 Sq. Ft.
Age (Years): 46
Year Built: 1962
Type: Detached Single Family

Last sale: Apr 12, 2007 $980,000

Loss if sold for asking: $15,500 or 1.6%

This is a brand new listing in west side Belmont. If you go by price per square foot, this listing is a better deal than its neighbor we featured here. I wonder how soon this one will be snapped up? Oh, and Redfin is a little messed up right now so the pictures aren’t showing :(

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