900 SOUTH Rd Belmont, CA 94002 – Realtor was foreclosed on
About half a year ago I wrote this post: 900 SOUTH Rd Belmont, CA 94002 – Realtor in Trouble?
It was the listing for a wooden shell for 1.3 million dollars owned and listed by a realtor based in Redwood City. It seems that the home actually got foreclosed on in June by JP Morgan Chase for the amount of $1,168,813 and went back on the market in late July for only $693,000. It is an REO and now it is pending without release so if it actually sold for asking the bank is taking a hit of almost $500k. I guess the lot is quite large, but the new pictures look like some people have been stealing wood from the place:
I hope the new owner finishes the home and enjoys it.
512 Stanford Avenue – Up for grabs at auction
A bit over a year ago I posted about a triple homicide at the property at 512 Stanford Avenue in Redwood City. At that time the home was listing for $337k and the last sale price was 587k in January 2007. Now you have 8 days left to grab this property at auction.
According to the Hudson and Marshall website, the last highbid is only $167,500, and this is the description:
512 Stanford Avenue
Redwood City, CA 94063
Bed: 3 Only 8 Days Left
to Bid NowBath: 1 Bid Now! Sq. Ft.: 820 Comments:
Last High Bid $167,500
Agent disclosure requiring buyer signature regarding homicides at property
Buyers who are interested in purchasing this property prior to the auction must be pre-qualified for financing through Wells Fargo or Wachovia. (This is only a requirement to be pre-qualified; the final loan may be obtained through any financial institution)
Please call 1-877-937-9357 during the following times:
Monday – Friday, 7:00 am – 11:00 pm Central Time
Saturday, 8:00 am – 4:30 pm Central Time
Or online at: Wells Fargo Pre-Qualification Form
Would you buy this for $168k?
1 DAFFODIL Ln San Carlos, CA 94070
1 DAFFODIL Ln San Carlos, CA 94070
Price: $844,900
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,510 |
| $/Sq. Ft.: | $337 |
| Lot Size: | 1,829 Sq. Ft. |
| Property Type: | Townhouse |
| Style: | Mediterranean |
| View: | Bay, Neighborhood |
| Year Built: | 1988 |
Sale history:
Aug 10, 2007 Sold $1,080,000 5.7%/yr Public Records
Jul 27, 2005 Sold $965,000 10.1%/yr Public Records
Jun 14, 2002 Sold $715,000 7.4%/yr Public Records
Jun 10, 1997 Sold $499,000 7.2%/yr Public Records
Nov 01, 1994 Sold $416,000 -1.9%/yr Public Records
Jul 07, 1989 Sold $460,000 158.1%/yr Public Records
Mar 01, 1989 Sold $330,000 — Public Records
Loss if sold for asking: $235,100 or 21.8%
I used to live next to these million dollar townhouses in San Carlos. They are at the top of the hills and have a nice view, but I’m not sure if it’s worth a million. Well, I guess now it is down to 844k and it is an REO. The association fee is over $500 a month, though.
226 Crocker Ave Daly City, CA 94014
226 Crocker Ave Daly City, CA 94014
Price: $399,000
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 1,690 |
| $/Sq. Ft.: | $236 |
| Lot Size: | - |
| Property Type: | Single-Family Home |
| Style: | Victorian |
| Year Built: | 1907 |
Last sale: Bank repo for $454,750
Peak sale: 5/24/2006 for $740,000
Loss if sold for asking: $341,000 from peak price
Remember this horror show of a house? Well, this one isn’t that bad, but the bank must have hired someone who just really couldn’t care less about selling this house to take the pictures. It looks like it’s been squatted in. Here are some piles of trash:
Finally the requisite scary backyard:
1115 DAVIS St Redwood City, CA 94061
1115 DAVIS St Redwood City, CA 94061
Price: $399,900
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 930 |
| $/Sq. Ft.: | $430 |
| Lot Size: | 3,306 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 1 |
| View: | Neighborhood |
| Year Built: | 1918 |
| Community: | Central Park |
Last sale: Sep 27, 2006 Sold $585,000
It looks like this home first went on sale in 2007 and was listed for a total of five times. Now it is a REO. The price has been cut by at least 100k since its first listing and it is down a bit more than 170k from the last sale price. Good luck moving this one.
1825 MIDDLEFIELD Rd Redwood City, CA 94063
1825 MIDDLEFIELD Rd Redwood City, CA 94063
Price: $259,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,450 |
| $/Sq. Ft.: | $179 |
| Lot Size: | 3,686 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 1 |
| Year Built: | 1920 |
Last sale:
Sep 11, 2006 $630,000
4/18/2000 $297,500
Yup, this little rancher has rolled back to below its 2000 sale price. What a difference 9 years make. This is currently owned by U.S. Bank and it is definitely the cheapest single family home in Redwood City now based on price per square foot. It looks like it needs some fixing, and it is not in the best neighborhood, but at least it is priced to be affordable to median income families now.
Offers
