3610 WOODSIDE Rd Woodside, CA 94062
3610 WOODSIDE Rd Woodside, CA 94062
Price: $11,900,000
| Beds: | 6 |
| Baths: | 4 |
| Sq. Ft.: | 16,000 |
| $/Sq. Ft.: | $744 |
| Lot Size: | 4.97 Acres |
| Property Type: | Detached Single Family |
| Style: | Tudor, Country English |
| Year Built: | 1987 |
| Stories: | 2 |
| View: | Mountains |
| Neighborhood: | Central Woodside |
| County: | San Mateo |
Last sale: Nov 07, 2006 Sold $12,108,000
Loss if sold for asking: $208,000 or 1.7%
First of all, that overhead picture of the estate looks like it’s straight out of a fairytale. It’s beautiful, and it’s probably the most expensive listing that I have found so far that has a last sale price that’s higher than the current listing price. Since this home’s first listing the price has been cut 2.6 million, but I think it’s still way out of reach for mere mortals. It should be interesting to see what it finally sells for.
2109 DUMBARTON Ave East Palo Alto, CA 94303 – Great Investment Property?
2109 DUMBARTON Ave East Palo Alto, CA 94303
Price: $995,000
Last sale:
| Beds: | - |
| Baths: | - |
| Sq. Ft.: | 7,078 |
| $/Sq. Ft.: | $141 |
| Lot Size: | 7,770 Sq. Ft. |
| Year Built: | 1962 |
| Stories: | 2 |
| View: | Neighborhood |
| Neighborhood: | East of U.S. 101 |
Last sale: Aug 01, 2003 Sold $1,000,000
Loss: $5000 or 0.5%
This 9 unit apartment building in East Palo Alto is selling for below its 2003 price. The capitalization rate is almost 8% according to the owner. Unfortunately investment property loans are still pretty expensive now and unless you would need more than $300k for this purchase to be a non-jumbo loan. This could work out for some investor with a lot of cash and experience in property management. The property’s location is not optimal since it is practically on the 101, and it is in East Palo Alto, which has a bad reputation. Recently East Palo Alto has become more gentrified, and perhaps in 20 years or so it would catch up to Palo Alto and Menlo Park? Anyway, this has been on the market for over 4 months, and it could sit longer unless the Feds decide to help out the commercial real estate credit market.
3115 Canyon Rd Burlingame, CA 94010
3115 Canyon Rd Burlingame, CA 94010
Price: $1,599,000
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 3,340 |
| $/Sq. Ft.: | $479 |
| Lot Size: | - |
| Property Type: | Detached, Single-Family Home |
| Style: | Traditional, Custom |
| Year Built: | 1977 |
| View: | Woods |
| Region: | San Mateo County/ |
| Area: | Burlingame |
| County: | San Mateo |
Last sale:
| Nov 30, 2005 | Sold | $1,780,000 |
Loss if sold for asking: $281000 or $15.8%
The listing for this home doesn’t show that it’s bank owned, but if you look up the county tax records it shows the address of the owner as 7255 BAYMEADOWS WAY, JACKSONVILLE, FL. It also had a tax default last year. If you search for that address, it shows that it’s Washington Mutual, which is now JP Morgan Chase. Whoo hoo I guess? It’s probably possible to negotiate this back to pre-2004 prices since WaMu’s REO portfolio is humongous.
19 WOODLEAF Ave Redwood City, CA 94061 – Multimillion house rolled back to 2004
19 WOODLEAF Ave Redwood City, CA 94061
Price: $2,150,000
| Beds: | 4 |
| Baths: | 2.5 |
| Sq. Ft.: | 3,360 |
| $/Sq. Ft.: | $640 |
| Lot Size: | 0.29 Acres |
| Age (Years): | 27 |
| Year Built: | 1981 |
| Type: | Detached Single Family |
Last sale: Jun 18, 2004 $2,249,000
Loss if sold for asking: $99,000 or 4.4%
This is a very nice looking house near where I live. It is currently 4.4% below its 2004 price, but for that kind of money you can probably buy something in Atherton, Woodside, or even Hillsborough.
486 WALSH Rd Atherton, CA 94027
486 WALSH Rd Atherton, CA 94027
Price: $4,125,000
| Beds: | 5 |
| Baths: | 3 |
| Sq. Ft.: | 4,640 |
| $/Sq. Ft.: | $889 |
| Lot Size: | 1.06 Acres |
| Age (Years): | 31 |
| Year Built: | 1977 |
| Type: | Detached Single Family |
Last sale: Oct 18, 2000 $4,300,000
Loss if sold for asking: $175,000 or 4.1%
This is a brand new listing in Atherton that is listing for 4% off its 2000 price. It is open on 9/21 and 9/28 from 1:30 to 4:30pm. I guess 4% isn’t that bad of a loss.
801 CRYSTAL SPRINGS Rd San Mateo, CA 94402
801 CRYSTAL SPRINGS Rd San Mateo, CA 94402
Price: $2,200,888
| Beds: | 4 |
| Baths: | 4 |
| Sq. Ft.: | 3,320 |
| $/Sq. Ft.: | $663 |
| Lot Size: | 0.45 Acres |
| Age (Years): | 20 |
| Year Built: | 1988 |
| Type: | Detached Single Family |
| Style: | Mediterranean |
| Stories: | Tri Level |
| View(s): | Mountains, Canyon, Valley |
Last sale: Jun 30, 2005 $2,380,000
Loss if sold for asking: -$179112 or 7.5%
This is a house very close to Hillsborough, and it looks quite nice from the pictures. The property tax on it costs way more than my rent. The sales history on this property is quite interesting. In the last bubble of 1990 it sold for $897k, and then in 1997 it went for only $850k. By that logic, it would be worth a little less than now in 2012.
Offers
Subscribe to San Mateo Home Sellers in Trouble
