1040 Patricia SAN MATEO, CA 94401
1040 Patricia SAN MATEO, CA 94401
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,960 |
| $/Sq. Ft.: | $255 |
| Lot Size: | 5,500 Sq. Ft. |
| Property Type: | Single Family Detached |
| Style: | Other |
| Stories: | 1 |
| Neighborhood: | SAN MATEO VILLAGE |
Last sale: Jul 06, 2007 Sold $818,000
Loss if sold for asking: $319,000 or 39%
I actually know several families that live in this neighborhood. It’s not the most ritzy part of San Mateo, but it’s not bad either. It’s close to shopping and the general neighbors are good. I know at least one family that paid over $700k for a smaller house than this one here a couple years ago. So is this a good deal? It really depends. A house like this would rent for $2000 to $2300 a month, though.
800 WEEKS St East Palo Alto, CA 94303 – This seller thinks the bottom has been reached
800 WEEKS St East Palo Alto, CA 94303
Price: $848,000
| Beds: | 3 |
| Baths: | 1.5 |
| Sq. Ft.: | 1,780 |
| $/Sq. Ft.: | $476 |
| Lot Size: | 7,386 Sq. Ft. |
| Property Type: | Detached Single Family |
| Stories: | 2 |
| View: | Neighborhood |
| Year Built: | 1930 |
Last sale: Apr 02, 2004 Sold $780,000
I have to say that this is a fairly nice looking house for East Palo Alto, but what is truly interesting is the past listing prices. Here it is:
Apr 09, 2009 Price Changed $848,000 — MLSListings #80840024
Feb 03, 2009 Price Changed $388,000 – MLSListings #80840024
Jan 26, 2009 Price Changed $445,000 – MLSListings #80840024
Oct 15, 2008 Listed $495,000 – MLSListings #80840024
Basically, the price on this house was lowered all the way down to $388k at one point, and in April the seller decided to jack the price up $460k. I guess they really believe that the bottom has been reached. In actuality this home is listing for twice the price per squarefoot as other EPA homes. All I can say is good luck.
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:
1843 RANDALL Rd San Mateo, CA 94402
1843 RANDALL Rd San Mateo, CA 94402
Price: $965,000
| Beds: | 4 |
| Baths: | 2 |
| Sq. Ft.: | 1,880 |
| $/Sq. Ft.: | $513 |
| Lot Size: | 9,500 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1953 |
| Stories: | 1 |
| Neighborhood: | Baywood Park |
| County: | San Mateo |
Last sale: Nov 10, 2005 Sold $1,200,000
Loss if sold for asking: $235,000 or 19.6%
This former 1.2 million dollar property was first listed 4/2/2008. Then it went off market twice and just got relisted again. This was financed in 2005 by Countrywide with 2 adjustable loans. One was $900,000 and the second was $180,000. This means that the buyers actually put down 10% or $120,000. That’s pretty amazing. Sadly it is now a shortsale. It is a bit close to the 92, but otherwise seems well maintained.
1532 CAROL Ave Burlingame, CA 94010
1532 CAROL Ave Burlingame, CA 94010
Price: $1,339,000
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,731 |
| $/Sq. Ft.: | $774 |
| Lot Size: | 6,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Year Built: | 1917 |
Last sale:
| Sep 30, 2004 | Sold | $1,351,000 |
Loss if sold for asking: $12,000 or 0.9%
The interesting thing about Burlingame is that the listing price per square foot is much higher than the sold price per square foot. Here is the graph:
So it seems that Burlingame sellers are all still holding their prices high, but the ones that sell are much much cheaper. If this particular home were at the Burlingame average of $620 per square foot, then it would be at only $1.07 million. Perhaps that would be a better starting price?
638 VANESSA Dr San Mateo, CA 94402
638 Vanessa Dr, San Mateo, CA 94402
Price: $494,700
| Beds: | 5 |
| Baths: | 3 |
| Sq. Ft.: | 1,540 |
| $/Sq. Ft.: | $321 |
| Lot Size: | 5,194 Sq. Ft. |
| Property Type: | Detached Single Family |
| Year Built: | 1955 |
| Stories: | 1 |
Last sales: Jan 30, 2009 Sold $572,000 ( Foreclosure)
May 22, 2007 Sold $890,000
Loss if sold for asking: $77300 from foreclosure price, nearly $400k from last sale price.
This home is in a decent neighborhood of San Mateo, but it is fairly nondescript and now has the “appliance-ripped-out” look of foreclosures. It is currently owned by Aurora Lending Services LLC in Colorado. It is down $400,000 from its 2007 sale price, but it is doubtful if it’s worth even $494k now.
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