Tuesday, September 23, 2008
39 Coronado
39 CORONADO Ave San Carlos, CA 94070
Price: $1,349,000
Beds: 4
Baths: 3
Sq. Ft.: 2,490
$/Sq. Ft.: $542
Bought for $1,300,000 on Sep 28, 2006. This home is one to watch. Current owners refi'd a total of $1.46M in 2007. Hope they have some cash lying around. Good news is that San Carlos has held its value much better than some of the towns in the area.
Sunday, September 21, 2008
650 life
650 life is a blog about peninsula real estate written by a local realtor. I like it, and check once in a while to see what's going on. I've thought it was a bit optimistic at times, but it seems to be reasonably accurate with predictions. Let's look back at posts from June and July and see where those listings are now -
http://650life.wordpress.com/
1330 Hull, San Carlos. No longer listed, doesn't look like it sold. Bought in 2005, no mortgage info available.
331 Lexington Way, Burlingame. Sold just like 650 life said it would.
170 Warren Road, San Mateo. Sold in August for $944k. 150k less than 1.1 Million that 650 life said was a good buy.
508 ALameda de las Pulgas, Belmont. Sold for under asking, just like 650 life predicted. $890k in July.
920 Round Hill Road, Redwood City. No longer listed. Doesn't look like it sold.
31 Kenton Avenue, San Carlos. Sold for $675k which 650 life thought was cheap.
1653 Carleton Ct. Redwood City. Sold for $775k, which 650 life considers cheap.
758 Arnold Way, Menlo Park. Not listed, no sale history.
136 15th Avenue, San Mateo. Not listed, never sold.
108 Brook Street, San Carlos. Went for close to asking.
531 Hillside Road Redwood City. Price dropped 50k. 100k down from original list price, and on market for 177 days.
1244 Laurel Hill Drive, San Mateo. REO, over a million dollars. Doesn't look like it sold, but the listing is gone.
2000 Valparaiso Ave. Menlo Park. Sold for 100k less than asking.
516 Howard Avenue, Burlingame. SOld for 50k less than asking.
All in all, looks like 650 life is pretty much on the mark.
http://650life.wordpress.com/
1330 Hull, San Carlos. No longer listed, doesn't look like it sold. Bought in 2005, no mortgage info available.
331 Lexington Way, Burlingame. Sold just like 650 life said it would.
170 Warren Road, San Mateo. Sold in August for $944k. 150k less than 1.1 Million that 650 life said was a good buy.
508 ALameda de las Pulgas, Belmont. Sold for under asking, just like 650 life predicted. $890k in July.
920 Round Hill Road, Redwood City. No longer listed. Doesn't look like it sold.
31 Kenton Avenue, San Carlos. Sold for $675k which 650 life thought was cheap.
1653 Carleton Ct. Redwood City. Sold for $775k, which 650 life considers cheap.
758 Arnold Way, Menlo Park. Not listed, no sale history.
136 15th Avenue, San Mateo. Not listed, never sold.
108 Brook Street, San Carlos. Went for close to asking.
531 Hillside Road Redwood City. Price dropped 50k. 100k down from original list price, and on market for 177 days.
1244 Laurel Hill Drive, San Mateo. REO, over a million dollars. Doesn't look like it sold, but the listing is gone.
2000 Valparaiso Ave. Menlo Park. Sold for 100k less than asking.
516 Howard Avenue, Burlingame. SOld for 50k less than asking.
All in all, looks like 650 life is pretty much on the mark.
Saturday, September 20, 2008
Sad.
737 Mediterranean Ln Redwood City, CA 94065
Sold For:
$989,000
(04/03/2006)
Beds: 3
Baths: 2.5
Sqft: 1,996
Style: Condominium
Year Built: 1989
Looks like this place is going to be auctioned off. It sold for $989k in 2006. The auction has a figure of $860k. I can't find any mortgage info, but this is another one to watch...
10/14/2008 1:00:00 PM 20080036909
737 MEDITERRANEAN LANE
REDWOOD CITY CA
94065
San Mateo 112-890-080
Postponed To 10/14/2008 1:00 PM (Mutual Agreement)
$860,042.51 0 0
At the Marshall Street entrance to the Hall of Justice and Records, 400 County Center, Redwood City, CA. Recon Trust Company N.A. (800)281-8219
Sold For:
$989,000
(04/03/2006)
Beds: 3
Baths: 2.5
Sqft: 1,996
Style: Condominium
Year Built: 1989
Looks like this place is going to be auctioned off. It sold for $989k in 2006. The auction has a figure of $860k. I can't find any mortgage info, but this is another one to watch...
10/14/2008 1:00:00 PM 20080036909
737 MEDITERRANEAN LANE
REDWOOD CITY CA
94065
San Mateo 112-890-080
Postponed To 10/14/2008 1:00 PM (Mutual Agreement)
$860,042.51 0 0
At the Marshall Street entrance to the Hall of Justice and Records, 400 County Center, Redwood City, CA. Recon Trust Company N.A. (800)281-8219
Encouraging.
A 2b/2b in Redwood Shores for $450k?
2010 HASTINGS SHORE Ln #314 Redwood Shores, CA 94065
Price: $449,000
Beds: 2
Baths: 2
Sq. Ft.: 988
$/Sq. Ft.: $454
Bought in 2006 for $600k. I can't seem to find any mortgage info, but that's a drop of 25% so I can't imagine this isn't a short sale (was anyone putting down 25% in 2006?). The listing is only 2 days old, so it could be a typo or an attempt to get a bunch of people bidding. We'll have to watch it, but i really find this encouraging. When was the last time a 2b/2b place in RWS was sold for anything close to $400k? With 20% down, a 6% mortgage will run you abuot $2k, plus HOA, taxes, etc... but still.
2010 HASTINGS SHORE Ln #314 Redwood Shores, CA 94065
Price: $449,000
Beds: 2
Baths: 2
Sq. Ft.: 988
$/Sq. Ft.: $454
Bought in 2006 for $600k. I can't seem to find any mortgage info, but that's a drop of 25% so I can't imagine this isn't a short sale (was anyone putting down 25% in 2006?). The listing is only 2 days old, so it could be a typo or an attempt to get a bunch of people bidding. We'll have to watch it, but i really find this encouraging. When was the last time a 2b/2b place in RWS was sold for anything close to $400k? With 20% down, a 6% mortgage will run you abuot $2k, plus HOA, taxes, etc... but still.
Zero down. Fieldstone loses on this one.
206 MORESBY Ln Redwood City, CA 94063
Price: $650,000
Beds: 3
Baths: 2.5
Sq. Ft.: 1,405
Nice place in Redwood City, east of 101. Owners are looking at quite a loss though. Well, maybe not really since they didn't put down a PENNY when they bought it. And people wonder how we got into this mess? Fieldstone is looking at a 90k loss, if they sell at asking.
Event date 4/26/2005
Sale amount $738,000
1st party Chien,David
2nd party Castillo,Jorge & Sagrario
Owner address 206 Moresby Ln
Redwood City, CA
94063
Lender # 1 Fieldstone Mortgage Co
Loan amount # 1 $590,400
Rate type # 1 Variable
Lender # 2 Fieldstone Mortgage Co
Loan amount # 2 $147,600
Rate type # 2 Fixed
Price: $650,000
Beds: 3
Baths: 2.5
Sq. Ft.: 1,405
Nice place in Redwood City, east of 101. Owners are looking at quite a loss though. Well, maybe not really since they didn't put down a PENNY when they bought it. And people wonder how we got into this mess? Fieldstone is looking at a 90k loss, if they sell at asking.
Event date 4/26/2005
Sale amount $738,000
1st party Chien,David
2nd party Castillo,Jorge & Sagrario
Owner address 206 Moresby Ln
Redwood City, CA
94063
Lender # 1 Fieldstone Mortgage Co
Loan amount # 1 $590,400
Rate type # 1 Variable
Lender # 2 Fieldstone Mortgage Co
Loan amount # 2 $147,600
Rate type # 2 Fixed
Wednesday, September 17, 2008
Shoreview update
Back in April, we took a look at the Shoreview neighborhood and here's where we stood -
http://cracksinthepeninsula.blogspot.com/2008/04/under-600k-3b2b-or-bigger-in-san-mateo.html
Let's do a little follow up on 3b/2b's in that area.
525k - 1464 HEMLOCK AVE - 3/2 1420sf. 15 DOM.
sold for $505k.
529k - 2034 POLK AVE - 3/2 1300sf. 107 DOM.
listing gone. never sold.
539k - 948 DAISY ST - 3/2 - 1170sf. 1 DOM. REO.
sold for $547k
548k - 1436 DIX ST - 3/2 1040sf. 21 DOM. Pre-foreclosure.
sold for $525k.
549k - 1516 S NORFOLK ST - 3/2 1040sf. 130 DOM.
still listed.
550k - 1719 KEHOE AVE - 3/2.5 1080sf. 41 DOM. Short Sale.
listing gone, not sold.
559k - 1680 TAYLOR ST - 3/2 1220sf. 93 DOM. Short sale.
listing for 549k now.
579k - 1864 COTTAGE GROVE AVE - 6/2 1220sf. 34 DOM.
sold for 560.
585k - 1603 ECHO AVE - 3/2 1080sf. 13 DOM. Short Sale.
now listed for 525
585k - 1627 ECHO AVE - 3/2 1010sf. 64 DOM. Short Sale.
now listed for 525
595k - 1610 NOE AVE - 3/2 1080sf. 46 DOM.
now listed for 530.
599k - 1703 KEHOE AVE - 3/2 1080sf. 160 DOM.
listing gone, never sold.
599k - 1656 VAN BUREN ST - 3/2 1300sf. 104 DOM.
still same.
599k - 1326 NEWBRIDGE AVE - 5/2 - 1650sf. 46 DOM.
sold for $578.
Not bad really, most sold for close to asking. OK, now let's see what's for sale in that neighborhood now.
1501 S NORFOLK St San Mateo, CA 94401
Price: $495,000
1765 S NORFOLK St San Mateo, CA 94403
Price: $499,900
1708 ROYAL Ave San Mateo, CA 94401
Price: $509,000
1627 ECHO Ave San Mateo, CA 94401
Price: $525,000
1610 NOE Ave San Mateo, CA 94401
Price: $530,000
608 GLORIA Ct San Mateo, CA 94401
Price: $530,000
Looks like this neighborhood should just keep dropping for now. Why buy there when you can wait and see?
http://cracksinthepeninsula.blogspot.com/2008/04/under-600k-3b2b-or-bigger-in-san-mateo.html
Let's do a little follow up on 3b/2b's in that area.
525k - 1464 HEMLOCK AVE - 3/2 1420sf. 15 DOM.
sold for $505k.
529k - 2034 POLK AVE - 3/2 1300sf. 107 DOM.
listing gone. never sold.
539k - 948 DAISY ST - 3/2 - 1170sf. 1 DOM. REO.
sold for $547k
548k - 1436 DIX ST - 3/2 1040sf. 21 DOM. Pre-foreclosure.
sold for $525k.
549k - 1516 S NORFOLK ST - 3/2 1040sf. 130 DOM.
still listed.
550k - 1719 KEHOE AVE - 3/2.5 1080sf. 41 DOM. Short Sale.
listing gone, not sold.
559k - 1680 TAYLOR ST - 3/2 1220sf. 93 DOM. Short sale.
listing for 549k now.
579k - 1864 COTTAGE GROVE AVE - 6/2 1220sf. 34 DOM.
sold for 560.
585k - 1603 ECHO AVE - 3/2 1080sf. 13 DOM. Short Sale.
now listed for 525
585k - 1627 ECHO AVE - 3/2 1010sf. 64 DOM. Short Sale.
now listed for 525
595k - 1610 NOE AVE - 3/2 1080sf. 46 DOM.
now listed for 530.
599k - 1703 KEHOE AVE - 3/2 1080sf. 160 DOM.
listing gone, never sold.
599k - 1656 VAN BUREN ST - 3/2 1300sf. 104 DOM.
still same.
599k - 1326 NEWBRIDGE AVE - 5/2 - 1650sf. 46 DOM.
sold for $578.
Not bad really, most sold for close to asking. OK, now let's see what's for sale in that neighborhood now.
1501 S NORFOLK St San Mateo, CA 94401
Price: $495,000
1765 S NORFOLK St San Mateo, CA 94403
Price: $499,900
1708 ROYAL Ave San Mateo, CA 94401
Price: $509,000
1627 ECHO Ave San Mateo, CA 94401
Price: $525,000
1610 NOE Ave San Mateo, CA 94401
Price: $530,000
608 GLORIA Ct San Mateo, CA 94401
Price: $530,000
Looks like this neighborhood should just keep dropping for now. Why buy there when you can wait and see?
San Carlos
A couple interesting listings in San Carlos...
982 HOLLY St San Carlos, CA 94070
Price: $569,000
Beds: 2
Baths: 2
Sq. Ft.: 1,180
This place sold for $587k in 2004. Buyers put down 5%, finances 80% with an ARM which is probably killing them. Another interesting one to follow.
1027 SPRINGFIELD Dr San Carlos, CA 94070
Price: $583,000
Beds: 2
Baths: 1
Sq. Ft.: 820
Listed for over 200 days. Asking price started at $780k. Last sold for $735k in 2005. This one is a huge short sale as it was bought using 100% financing, 80% of which is an ARM. People just thought these things would go up forever.
1024 INVERNESS Dr San Carlos, CA 94070
Price: $599,000
Beds: 2
Baths: 1
Sq. Ft.: 820
Bought for 690k in 2005. Used 100% financing, 80% was an ARM.
982 HOLLY St San Carlos, CA 94070
Price: $569,000
Beds: 2
Baths: 2
Sq. Ft.: 1,180
This place sold for $587k in 2004. Buyers put down 5%, finances 80% with an ARM which is probably killing them. Another interesting one to follow.
1027 SPRINGFIELD Dr San Carlos, CA 94070
Price: $583,000
Beds: 2
Baths: 1
Sq. Ft.: 820
Listed for over 200 days. Asking price started at $780k. Last sold for $735k in 2005. This one is a huge short sale as it was bought using 100% financing, 80% of which is an ARM. People just thought these things would go up forever.
1024 INVERNESS Dr San Carlos, CA 94070
Price: $599,000
Beds: 2
Baths: 1
Sq. Ft.: 820
Bought for 690k in 2005. Used 100% financing, 80% was an ARM.
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