Well, I posted about this place back in May.
http://cracksinthepeninsula.blogspot.com/2008/05/balboa-ave.html
It's still on the market. Or should I say back on the market?
http://www.redfin.com/CA/Burlingame/1345-BALBOA-Ave-94010/home/2058736
Redfin and Zip Realty show it as a new listing with 1 DOM. The only reason that the listing caught my eye was that I remember really liking the house. I'll keep an eye out and see what it sells for...
1345 BALBOA Ave Burlingame, CA 94010
Price: $1,449,000
Beds: 4
Baths: 2
Sq. Ft.: 1,882
$/Sq. Ft.: $770
Lot Size: 6,000 Sq. Ft.
Age (Years): 86
Year Built: 1922
Type: Detached Single Family
Style: Traditional
Stories: 2 Stories
View(s): Neighborhood
Neighborhood: Burlinhome / Easton Add #2, #3, #5
County: San Mateo
MLS#: 80838192
Source: MLSListings
Status: Active
DOM: 1 day
Monday, October 6, 2008
1112 KILLARNEY LN, Burlingame, CA
1112 KILLARNEY LN is listed as a short sale. It kind of surprised me to see a home in Burlingame, bought in 1999, listed as a short sale.
Looks like they refinanced in 2007 into an ARM. Bought in 1999 for 440k. Refinanced for 945k in 2007! What's the story there? Where'd the money go? Asking 899k now... wonder what it will go for.
1112 KILLARNEY Ln Burlingame, CA 94010
Price: $899,000
Beds: 3
Baths: 1
Sq. Ft.: 1,490
$/Sq. Ft.: $603
Lot Size: 5,000 Sq. Ft.
Looks like they refinanced in 2007 into an ARM. Bought in 1999 for 440k. Refinanced for 945k in 2007! What's the story there? Where'd the money go? Asking 899k now... wonder what it will go for.
1112 KILLARNEY Ln Burlingame, CA 94010
Price: $899,000
Beds: 3
Baths: 1
Sq. Ft.: 1,490
$/Sq. Ft.: $603
Lot Size: 5,000 Sq. Ft.
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.
Tuesday, August 19, 2008
360 HEDGE Rd
360 HEDGE Rd Menlo Park, CA 94025
Price: $1,248,000
Beds: 3
Baths: 2
Sq. Ft.: 1,260
$/Sq. Ft.: $990
Hmmmm. Was looking at 251 Hedge, after reading http://650life.wordpress.com/, but when looking for comps I noticed 360 Hedge Road. Last sold for $1,119,000 in 2005. They took out 3 loans to make the purchase...
Lender # 1 Wells Fargo Bank
Loan amount # 1 $895,200
Rate type # 1 Variable
Lender # 2 Abbott Laboratories Emp Cu
Loan amount # 2 $50,000
Rate type # 2 Fixed
Lender # 3 Wells Fargo Bank
Loan amount # 3 $117,850
Rate type # 3 Fixed
That adds up to $1,063,050. So the buyer put down $55,950. Wait... can that be right? Put down $56k and get a nice house in Menlo Park?
Price: $1,248,000
Beds: 3
Baths: 2
Sq. Ft.: 1,260
$/Sq. Ft.: $990
Hmmmm. Was looking at 251 Hedge, after reading http://650life.wordpress.com/, but when looking for comps I noticed 360 Hedge Road. Last sold for $1,119,000 in 2005. They took out 3 loans to make the purchase...
Lender # 1 Wells Fargo Bank
Loan amount # 1 $895,200
Rate type # 1 Variable
Lender # 2 Abbott Laboratories Emp Cu
Loan amount # 2 $50,000
Rate type # 2 Fixed
Lender # 3 Wells Fargo Bank
Loan amount # 3 $117,850
Rate type # 3 Fixed
That adds up to $1,063,050. So the buyer put down $55,950. Wait... can that be right? Put down $56k and get a nice house in Menlo Park?
Monday, August 18, 2008
Huge court case - Wells Fargo pays $1.25 Million
I need to read more about the case, but can you imagine what would happen if all the borrowers in this situation followed suit... and won?
http://www.bizjournals.com/washington/stories/2008/08/18/story18.html?ana=from_rss
A Silver Spring woman who defaulted on a subprime loan has been awarded $1.25 million in damages from her lender, Wells Fargo Bank N.A. The borrower, Kimberly Thomas, was awarded $250,000 in damages and $1 million in punitive damages in Montgomery County Circuit Court July 31. A six-member jury convicted Wells Fargo of fraud, negligence and other charges for inflating Thomas’ income and assets on her mortgage application, and locking her into a bigger loan than she had applied for — one she couldn’t afford.
http://www.bizjournals.com/washington/stories/2008/08/18/story18.html?ana=from_rss
A Silver Spring woman who defaulted on a subprime loan has been awarded $1.25 million in damages from her lender, Wells Fargo Bank N.A. The borrower, Kimberly Thomas, was awarded $250,000 in damages and $1 million in punitive damages in Montgomery County Circuit Court July 31. A six-member jury convicted Wells Fargo of fraud, negligence and other charges for inflating Thomas’ income and assets on her mortgage application, and locking her into a bigger loan than she had applied for — one she couldn’t afford.
Wednesday, August 13, 2008
Someone's in denial.
Shoreview home at 1234 Cobb listed for $699k. 3/1, 1000sf. Ha! Unless there's something really special about this house (or it's really 2005 and my calendar is wrong). Can't wait to see where this one goes.
Similar listings in this neighborhood (all 3+ bedrooms) start at $448k. And from there to $700k there are 36 listings! Plenty of bigger homes and better looking too. How did the agent let this person list for $699k?
1234 COBB St
San Mateo, CA 94401
Price: $699,000
Beds: 3
Baths: 1
Sq. Ft.: 1,000
$/Sq. Ft.: $699
Lot Size: 5,500 Sq. Ft.
Age (Years): 55
Year Built: 1953
Type: Detached Single Family
Style: Ranch
Stories: 1 Story
View(s): Neighborhood
Neighborhood: South Shoreview
County: San Mateo
MLS#: 80825722
Source: MLSListings
Status: Active
On Redfin: 10 days
Similar listings in this neighborhood (all 3+ bedrooms) start at $448k. And from there to $700k there are 36 listings! Plenty of bigger homes and better looking too. How did the agent let this person list for $699k?
1234 COBB St
San Mateo, CA 94401
Price: $699,000
Beds: 3
Baths: 1
Sq. Ft.: 1,000
$/Sq. Ft.: $699
Lot Size: 5,500 Sq. Ft.
Age (Years): 55
Year Built: 1953
Type: Detached Single Family
Style: Ranch
Stories: 1 Story
View(s): Neighborhood
Neighborhood: South Shoreview
County: San Mateo
MLS#: 80825722
Source: MLSListings
Status: Active
On Redfin: 10 days
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.
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.
Tuesday, August 5, 2008
Stunned.
I am stunned. This listing just popped up, and I'm really surprised. Granted it's right on the train tracks, but still - it's Burlingame. I'm surprised the price is so low.
No sales are listed on any sites I see... but the foreclosure was on 6/24/2008 for $935,420.
1025 TOYON Dr Burlingame, CA 94010
Price: $649,900
Beds: 3
Baths: 2
Sq. Ft.: 1,970
$/Sq. Ft.: $330
Lot Size: 6,400 Sq. Ft.
http://www.redfin.com/CA/Burlingame/1025-TOYON-Dr-94010/home/2014036
FANTASTIC PRICE AND OPPORTUNITY IN BURLINGAME! Large 1,970 sq. ft. 3 bedroom 2 bath home, located on a 6,400 sq. ft. corner lot. Updated kitchen. Hardwood floors. Separate dining room. Spacious family room. Extra bonus room. Don't miss out on this Burlingame opportunity!
Looking around for other homes, and the closest I see is ...
929 LARKSPUR Dr Burlingame, CA 94010
Price: $799,888
Beds: 2
Baths: 1
Sq. Ft.: 950
$/Sq. Ft.: $842
Lot Size: 5,000 Sq. Ft.
929 Larkspur is in much better condition, but it's priced at $150k more. You can do a lot of fixing with the $150k. Not to mention the difference in square footage. There may be other differences as I don't know this neighborhood well... but you have to imagine that the owners on Larkspur can't be too happy about this new listing. We'll keep an eye on it...
No sales are listed on any sites I see... but the foreclosure was on 6/24/2008 for $935,420.
1025 TOYON Dr Burlingame, CA 94010
Price: $649,900
Beds: 3
Baths: 2
Sq. Ft.: 1,970
$/Sq. Ft.: $330
Lot Size: 6,400 Sq. Ft.
http://www.redfin.com/CA/Burlingame/1025-TOYON-Dr-94010/home/2014036
FANTASTIC PRICE AND OPPORTUNITY IN BURLINGAME! Large 1,970 sq. ft. 3 bedroom 2 bath home, located on a 6,400 sq. ft. corner lot. Updated kitchen. Hardwood floors. Separate dining room. Spacious family room. Extra bonus room. Don't miss out on this Burlingame opportunity!
Looking around for other homes, and the closest I see is ...
929 LARKSPUR Dr Burlingame, CA 94010
Price: $799,888
Beds: 2
Baths: 1
Sq. Ft.: 950
$/Sq. Ft.: $842
Lot Size: 5,000 Sq. Ft.
929 Larkspur is in much better condition, but it's priced at $150k more. You can do a lot of fixing with the $150k. Not to mention the difference in square footage. There may be other differences as I don't know this neighborhood well... but you have to imagine that the owners on Larkspur can't be too happy about this new listing. We'll keep an eye on it...
Thursday, July 31, 2008
Is this why home prices got out of control?
FORECLOSURE - 310 WILDWOOD DR, South San Francisco, CA 94080
REO on 12/24/2007. Now listed for $629,900.
Does anyone know Fern King from South San Francisco? If so, I'd love to know the story behind this home. I don't know how much Fern paid for 310 Wildwood, because none of the popular sites seem to have any purchases listed prior to 12/24/2007. What we do know from property shark is that Fern refinanced in March of 2000 for $222k. Not a big deal, right? But then Fern refinanced twice more...
Nov 2003 - $410k
Aug 2006 - $725k
Now, I'm no real estate expert, and certainly no mortgage expert. And this is just info from free web sites. But is there any possible explanation for this? Fern took out at least $500,000 in cash over the course of 6 years. Then on 12/24/2007, Christmas Eve, Fern lost the home to foreclosure. Final bill on the loan - $646,671.
If anyone knows Fern's story, I'd love to hear it.
REO on 12/24/2007. Now listed for $629,900.
Does anyone know Fern King from South San Francisco? If so, I'd love to know the story behind this home. I don't know how much Fern paid for 310 Wildwood, because none of the popular sites seem to have any purchases listed prior to 12/24/2007. What we do know from property shark is that Fern refinanced in March of 2000 for $222k. Not a big deal, right? But then Fern refinanced twice more...
Nov 2003 - $410k
Aug 2006 - $725k
Now, I'm no real estate expert, and certainly no mortgage expert. And this is just info from free web sites. But is there any possible explanation for this? Fern took out at least $500,000 in cash over the course of 6 years. Then on 12/24/2007, Christmas Eve, Fern lost the home to foreclosure. Final bill on the loan - $646,671.
If anyone knows Fern's story, I'd love to hear it.
Saturday, July 26, 2008
3550 CARTER Dr #78 , South San Francisco
3550 CARTER Dr #78
Price: $399,000
Beds: 3
Baths: 2.5
Sq. Ft.: 1,644
$/Sq. Ft.: $243
Well, I'm not sure what to say about this listing. According to redfin it sold for over $900k in 2004? Looking at property shark shows that Oliver Reyes is listed as both parties. So maybe this wasn't a sale, but a refinance. The mortgage amount was listed at $408k. So maybe the $900k number was the appraisal used to get the 408k? If anyone knows for sure, I'd appreciate an explanation. I'm no expert at this stuff.
Sales History
Property Tax
Date Price Appreciation
Mar 05, 2002 $375,000
Oct 05, 2004 $928,000
Price: $399,000
Beds: 3
Baths: 2.5
Sq. Ft.: 1,644
$/Sq. Ft.: $243
Well, I'm not sure what to say about this listing. According to redfin it sold for over $900k in 2004? Looking at property shark shows that Oliver Reyes is listed as both parties. So maybe this wasn't a sale, but a refinance. The mortgage amount was listed at $408k. So maybe the $900k number was the appraisal used to get the 408k? If anyone knows for sure, I'd appreciate an explanation. I'm no expert at this stuff.
Sales History
Property Tax
Date Price Appreciation
Mar 05, 2002 $375,000
Oct 05, 2004 $928,000
Moonlight Court - UPDATE
UPDATE - Well, I think the owners of 24 Moonlight have started to realize the brutal truth. They've just lowered their asking price to $599k. At this point, they clearly have an advantage over 28 Moonlight, since 24 is not a short sale.
A quick look for other 3/2 w/1500+ sf, shows there are several listed for under $600k. The problem is, most are short sales, so it's debatable whether or not you could actually close at the listing price. Also, 24 Moonlight actually looks like a nicer place than most of the others. So maybe it's the lowest listed, but I still wouldn't buy. Things are dropping in this area. San Mateo county may be the last place in America that hasn't dropped too far, but it's moving down.
Original post -
The owners of 24 Moonlight Court bought their place in 1996 for $289k. And they're hoping to sell for $738k in 2008. Unfortunately, they have a neighbor that bought in 2005, paid $700k and put $0 down. Looks like those neighbors will be setting the comp, as these places look pretty darn similar. How low will #28 go?
24 MOONLIGHT CT, South San Francisco, CA 94080
asking $738,000
28 MOONLIGHT ST, South San Francisco, CA 94080
asking $589,000
A quick look for other 3/2 w/1500+ sf, shows there are several listed for under $600k. The problem is, most are short sales, so it's debatable whether or not you could actually close at the listing price. Also, 24 Moonlight actually looks like a nicer place than most of the others. So maybe it's the lowest listed, but I still wouldn't buy. Things are dropping in this area. San Mateo county may be the last place in America that hasn't dropped too far, but it's moving down.
Original post -
The owners of 24 Moonlight Court bought their place in 1996 for $289k. And they're hoping to sell for $738k in 2008. Unfortunately, they have a neighbor that bought in 2005, paid $700k and put $0 down. Looks like those neighbors will be setting the comp, as these places look pretty darn similar. How low will #28 go?
24 MOONLIGHT CT, South San Francisco, CA 94080
asking $738,000
28 MOONLIGHT ST, South San Francisco, CA 94080
asking $589,000
Saturday, July 12, 2008
Federal Natl Mtg Assn Fnma owned -
5135 Shelter Creek Ln San Bruno, CA 94066
Beds: 0
Baths: 1
Sqft: 490
Style: Condominium
Year Built: 1972
FNMA owned... I've never seen this before.
Sold For:
$196,000
(01/28/2008)
List Price - $149,900.
Beds: 0
Baths: 1
Sqft: 490
Style: Condominium
Year Built: 1972
FNMA owned... I've never seen this before.
Sold For:
$196,000
(01/28/2008)
List Price - $149,900.
Bank owned in San Carlos
1008 HOLLY ST, San Carlos, CA 94070
A broken caps lock and apparently a forgetful mind. This home went bank to the bank on 4/22, but the description doesn't mention that.
Price: $569,900
Beds: 2
Baths: 1
Sq. Ft.: 1,020
$/Sq. Ft.: $559
Lot Size: 5,000 Sq. Ft.
BEAUTFUL REMODELED HOME, WITH TONS OF UPGRADES. THIS SINGLE FAMILY HOME OFFERS TWO BEDROOMS AND ONE BATH. ALSO OFFERING AN UPDATED EAT IN KITCHEN WITH MARBLE, A LARGE LIVING ROOM WITH A WOOD BURNING FIREPLACE, A SEPERATE DINING AREA, AND A REAR FENCED IN YARD. GREAT PRICE FOR A BEAUTIFUL HOME IN SAN CARLOS!
A broken caps lock and apparently a forgetful mind. This home went bank to the bank on 4/22, but the description doesn't mention that.
Price: $569,900
Beds: 2
Baths: 1
Sq. Ft.: 1,020
$/Sq. Ft.: $559
Lot Size: 5,000 Sq. Ft.
BEAUTFUL REMODELED HOME, WITH TONS OF UPGRADES. THIS SINGLE FAMILY HOME OFFERS TWO BEDROOMS AND ONE BATH. ALSO OFFERING AN UPDATED EAT IN KITCHEN WITH MARBLE, A LARGE LIVING ROOM WITH A WOOD BURNING FIREPLACE, A SEPERATE DINING AREA, AND A REAR FENCED IN YARD. GREAT PRICE FOR A BEAUTIFUL HOME IN SAN CARLOS!
Wednesday, July 9, 2008
Wow great price & a fantastic mount carmel deal! This is not a short sale!
Yeah, not a short sale... because it's Bank Owned.
258 ELWOOD ST, Redwood City, CA 94062
6/2/2008 $618,608 Trustee's Deed upon Sale Resale California Reconveyance Co Long Beach Mtg Loan Trust 2004-6
258 ELWOOD St Redwood City, CA 94062
Price: $549,900
Beds: 2
Baths: 2
Sq. Ft.: 1,070
$/Sq. Ft.: $514
Lot Size: 6,500 Sq. Ft.
258 ELWOOD ST, Redwood City, CA 94062
6/2/2008 $618,608 Trustee's Deed upon Sale Resale California Reconveyance Co Long Beach Mtg Loan Trust 2004-6
258 ELWOOD St Redwood City, CA 94062
Price: $549,900
Beds: 2
Baths: 2
Sq. Ft.: 1,070
$/Sq. Ft.: $514
Lot Size: 6,500 Sq. Ft.
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