500 LIVE OAK Way #503 Belmont, CA 94002
500 LIVE OAK Way #503 Belmont, CA 94002
Price: $731,000
| Beds: | 3 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,096 |
| $/Sq. Ft.: | $349 |
| Lot Size: | - |
| Property Type: | Condominium |
| Style: | Contemporary, Cottage/ |
| Stories: | 1-3 (Low Rise) |
| View: | Neighborhood |
| Year Built: | 2005 |
Last sale:
| Sep 27, 2005 | Sold | $989,000 |
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.
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.
412 ATHENIAN Way Pacifica, CA 94044 – Fishy?
412 ATHENIAN Way Pacifica, CA 94044
Price: $915,750
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 2,585 |
| $/Sq. Ft.: | $354 |
| Lot Size: | 5,000 Sq. Ft. |
| Property Type: | Detached Single Family |
| Stories: | 2 |
| Year Built: | 2007 |
| Community: | Pedro Point |
Last sale: Jun 12, 2007 Sold $1,700,000
Loss if sold for asking:$784250 or 46%
Equity lost per month: $32677
This is listed as a bank owned home. I’m not quite sure who owns it now because the Tax records show that it is owner of record is not a bank, but some person in Pacifica. It also shows that it is a tax defaulted property there is about 30k worth of back taxes that needs to be paid to redeem the home. Perhaps the bank is just not taking responsibility because they don’t want to shell out the money for the taxes now. What is most fishy about this property is that the last sale price was $1.7 million. I don’t think Pacifica was ever that expensive and it seems that the taxes were unpaid starting from 2007. So perhaps the intention was to default? Whoever buys this should definitely make sure that the taxes are cleared up, and the tax assessment should get down to reality.
2614 READ Ave Belmont, CA 94002
2614 READ Ave Belmont, CA 94002
Price: $899,000
| Beds: | 4 |
| Baths: | 4 |
| Sq. Ft.: | 2,800 |
| $/Sq. Ft.: | $321 |
| Lot Size: | 7,700 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Ranch |
| Stories: | 3 |
| View: | Canyon, Valley |
| Year Built: | 1956 |
| Community: | Haskins Estates |
Last sale: 7/24/2006 $1,233,000
Loss if sold for asking: $334,000 or 27%
This is actually a nice looking larger home in Belmont. The owners that sold the home for 1.2 million definitely made out like bandits. It seems that they bought the place in 1999 for $241k, and then refied and took out a loan worth $663.5k in 2003 and then sold the home to the latest seller in trouble in 2006. It’s amazing that this home was only $241k in 1999, though. Adjusted for inflation $241k should be only worth $309k now. I highly doubt that the home would drop another 600k, but another $100 to $200k might be possible.
4 PENHURST Ave Daly City, CA 94015
4 PENHURST Ave Daly City, CA 94015
Price: $549,000
| Beds: | 5 |
| Baths: | 3 |
| Sq. Ft.: | 2,940 |
| $/Sq. Ft.: | $187 |
| Lot Size: | 4,408 Sq. Ft. |
Last sale:
| Jul 25, 2007 | Sold | $995,000 |
Loss if sold for asking: $446k or 44.8%
This is one of the cheapest homes in Daly City in terms of price per square foot. It is now down to 2002 prices. It is a short sale so it may take a while for the deal to close. It is a large home in a very convenient neighborhood.
27 AMARYLLIS Ct South San Francisco, CA 94080
27 AMARYLLIS Ct South San Francisco, CA 94080
Price: $849,000
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 2,390 |
| $/Sq. Ft.: | $355 |
| Lot Size: | 4,374 Sq. Ft. |
| Property Type: | Detached Single Family |
| Style: | Contemporary |
| Year Built: | 2000 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | South San Francisco |
Last sale:
| Jun 28, 2006 | Sold | $1,260,000 |
Loss if sold for asking: $411,000 or 32.6%
This is a large home that’s a short sale. It seems that the previous owners really lucked out because they bought it for $723,000 with a conventional 80% loan and then sold for 1.26 million to the latest owners. I guess there are winners and losers in everything.
Offers
Subscribe to San Mateo Home Sellers in Trouble
Homes for sale, Luxury Woodcliff Lake Real Estate Exquisite, Unforgettable
Real Estate-New Homes Homes for sale-Real Estate Bergen County New Jersey
Our Chicago Web Design Company creates aesthetic websites.