Rent on the Peninsula is obscene. $3500/mo for this? Of course, you could buy it... for $130k down and over $3k/mo. Still, doesn't that seem a little outrageous?
Redfin says about 40 homes in this neighborhood in the past 3 years with prices over $500/sf. I think those people are going to face a tough reality over the next few years, but I could be wrong. This is San Carlos.
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Reply to: hous-739821751@craigslist.org
Date: 2008-07-01, 7:25PM PDT
948 Cherry St San Carlos between El Camino and 101
This house has 3 bedrooms and 2 bathrooms. It is nice and lovely perfect for any one.
Close to downtown, freeways, schools and shopping. Ready to move in. Nicely remodeled.
Please call Adriana (408)569-9288 or Claudia (408)205-4256 for an appointment and information.
Lease Option to buy this house can be yours for sale at $650,000.00 - $680,000.00 it would be very good price for the area.
Agreement Terms for Option to Buy:
Fax application back to 408-273-6081
- Monthly Rent: $3,590
- Security Deposit: $3,600
- Pet Deposit: $350 (max 1)
- One year lease (6 month available @ $3,100/mo.)
- Credit/Application Fee: $35 per person over 18 years of age
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