2626 WESTMORELAND Ave Redwood City, CA 94063
2626 WESTMORELAND Ave Redwood City, CA 94063
Price: $229,900
| Beds: | 2 |
| Baths: | 1 |
| Sq. Ft.: | 850 |
| $/Sq. Ft.: | $270 |
| Lot Size: | 2,625 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1988 |
| Stories: | 1 |
| View: | Neighborhood |
| Neighborhood: | Dumbarton |
Last sale:
| Apr 18, 2006 | Sold | $589,000 |
Loss if sold for asking: $359100 or 61%
This little shack is currently owned by HSBC. It is incredible that someone actually bought this for $589k a few years ago. This is not exactly in a good neighborhood.
1940 STAFFORD St Redwood City, CA 94063
1940 STAFFORD St Redwood City, CA 94063
Price: $407,900
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,400 |
| $/Sq. Ft.: | $291 |
| Lot Size: | 5,985 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1981 |
Last sale:
| Aug 13, 2008 | Sold | $382,500 |
This bank owned property was first purchased in 2002 for $490k with two loans of $392k and $98k. That’s right, that’s equivalent to a 0% down loan. And then in 2004 it was refinanced again with an adjustable loan of $520k and it seems like there was a transfer between family members. And then in 2006 it was refinanced again with two loans of $612,000 and $76,500 for a total of $688,500. So basically this family took out around $200k from this little house during the boom, and finally it went into foreclosure so the last lender is looking around a loss of $280k. It seems like it was a good deal for this particular family because they practically got to live in this house for more than 4 years for free.
2268 ADDISON Ave East Palo Alto, CA 94303
2268 ADDISON Ave East Palo Alto, CA 94303
Price: $183,750
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,130 |
| $/Sq. Ft.: | $163 |
| Lot Size: | 4,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1939 |
| Stories: | 1 |
| View: | Neighborhood |
| Neighborhood: | East of U.S. 101 |
Last sales:
Sep 19, 2008 Sold $579,457 -5.0%/yr Public Records
Oct 12, 2006 Sold $640,000 16.4%/yr Public Records
Loss if sold for asking: $395707 or 68.3%
This bank owned property is probably one of the cheapest single family homes on the Peninsula and it looks like it still has some appliances left. It’s about $460k off its peak price, and that’s pretty sad.
270 VERA Ave Redwood City, CA 94061 – Rolled back to pre-2002
270 VERA Ave Redwood City, CA 94061
Price: $499,900
| Beds: | 2 |
| Baths: | 3 |
| Sq. Ft.: | 1,730 |
| $/Sq. Ft.: | $289 |
| Lot Size: | 3,570 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Traditional |
| Year Built: | 1922 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | Central Park |
| County: | San Mateo |
Last sale:
| Feb 15, 2008 | Sold | $623,250 |
This house is currently owned by Countrywide/Bank of America and the last sale was a foreclosure auction. It is in a good area and the size is decent, but the house is pretty old and it has the old style electric heaters. It’s interesting to see that some of the past owners of this home had 100% financing as early as 2002 when the home sold for $530,000. Now I guess they realized that all that money didn’t really exist to begin with. The price has been dropped about $50k since its listing in the end of October.
2222 FRANCISCO Blvd Pacifica, CA 94044 – Unbelievable shack…
2222 FRANCISCO Blvd Pacifica, CA 94044
Price: $239,875
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | - |
| Lot Size: | - |
| Property Type: | Detached Single Family |
| Year Built: | 1948 |
| Stories: | 1 |
| Neighborhood: | West Sharp Park |
Last sale: May 21, 2008 Sold $256,737
This is just truly frightening. I’ll let the pictures speak for themselves:
I think the following is a baby’s room:
I think this is an oven??
Bed & Bath:
There are some more pics on the listing, and I’m glad the realtor is really honest about this POS, but I can’t believe they’re still charging nearly $240k for this? And at first they actually wanted $300k for it. Just incredible.
418 YORKSHIRE Way Belmont, CA 94002
418 YORKSHIRE Way Belmont, CA 94002
Price: $577,900
| Beds: | 3 |
| Baths: | 1 |
| Sq. Ft.: | 1,010 |
| $/Sq. Ft.: | $572 |
| Lot Size: | 5,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1953 |
| Stories: | 1 |
| Neighborhood: | Homeview/ |
| County: | San Mateo |
| MLS#: | 80849100 |
| Source: | MLSListings |
| Status: | Active |
| On Redfin: | 1 day |
Last sale:
| Jan 10, 2007 | Sold | $780,000 |
This listing first came up in May for $650k, and then it probably got foreclosed on, and now it’s back on the market as a REO for around 70k less than the May price. That’s a decent discount of $10k per month, but it’s still $572 per square foot.
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