Monday, August 11, 2008

100% financed in RWC

518 King St, Redwood City


518 KING St Redwood City, CA 94062
Price: $1,075,000
Beds: 3
Baths: 2
Sq. Ft.: 1,500
$/Sq. Ft.: $717
Lot Size: 6,500 Sq. Ft.

Really nice home. Bought in 2005 w/0% down. Now trying to sell for $100k more. Wonder if they have any equity. Wonder if they had a pay option loan. We'll wait and see where this one goes.

Any other similar houses nearby?


518 HUDSON St Redwood City, CA 94062
Price: $949,000
Beds: 3
Baths: 2
Sq. Ft.: 1,550
$/Sq. Ft.: $612
Lot Size: 6,500 Sq. Ft.

These owners paid $875k in 2004. They put down $200k, but are carrying a $680k ARM. On the market for 4 months so far and they've only dropped the price $20k.

Nothing else in the neighborhood seems to be as nice as these 2 that is still in this price range.

No comments: