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1223 Alameda De Las Pulgas, San Carlos, CA 94070

By pkowen   Follow   Mon, 14 Feb 2011, 2:11pm   2,704 views   13 comments
In San Carlos CA 94070   Watch (1)   Share   Quote   Permalink   Like   Dislike  

http://www.redfin.com/CA/San-Carlos/1223-Alameda-94070/home/1014643

See, this is why I think the peninsula still has a way to go: down. 890 sq ft crappy little house, lot is below the road, the road is VERY busy. SIX HUNDRED THOUSAND DOLLARS. But the weather is so nice, I guess. ;)

Seriously.

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1. Patrick Follow Befriend (54) 5,184 threads 6,156 comments 46 male Menlo Park, CA Premium

   1   2:38pm Mon 14 Feb 2011   Share   Quote   Permalink   Like   Dislike   Protected   I agree, prices on the peninsula are still much higher than they will eventually be. A tiny house for that much money is a symptom that the market around here is very dangerous for buyers.

2. pkowen Follow Befriend 30 threads 555 comments San Carlos, CA

   2   2:44pm Mon 14 Feb 2011   Share   Quote   Permalink   Like   Dislike   In most of the country, this is a $50k house. Maybe.

3. Hysteresis Follow Befriend (2) 14 threads 647 comments

   3   5:44pm Mon 14 Feb 2011   Share   Quote   Permalink   Like   Dislike   This Santa Clara house last sold for $620k in Dec 2006. http://www.redfin.com/CA/Santa-Clara/2064-Main-St-95050/home/1197562 It's 512 sqft. That's $1211/sqft for a house by the train tracks. 1223 AlamedaDeLasPulgas is the San Carlos version of an over priced piece of crap.

4. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   4   11:26am Tue 15 Feb 2011   Share   Quote   Permalink   Like   Dislike   Up +100% from 1997 to 2003 to mid $500K. Absolute stupidity and way into a bubble... Inflation calcu...What cost $275,000 in 1997 would cost $366,000 in 2009 Maybe worth around mid $300K at best today. This one seems even more interesting... purchased in 2010 and now in 2011 going into forclosure for the second time with new buyers. Crazy *hit Lets see if the third fool will fall into the same trap! fourth and fifth banana will certain be waiting to take the plunge... Property History for 512 Prospect St http://www.redfin.com/CA/San-Carlos/512-Prospect-St-94070/home/1897792 Date Event Price Appreciation Source Feb 09, 2011 Listed (Bank Owned) * -- Foreclosed Homes #6617437 Oct 22, 2010 Sold (Public Records) $565,000 Oct 22, 2010 Sold (MLS) (Sold) $565,000 Sep 20, 2010 Pending (Pending Without Release) -- -- Aug 03, 2010 Listed (Active) Jul 28, 2010 Sold (Public Records) $666,185 -- Public Records Jul 11, 2003 Sold (Public Records) $558,000 11.9%/yr Public Records Mar 27, 1997 Sold (Public Records) $275,000 -- Public Records

5. sfbubblebuyer Follow Befriend 1 threads 750 comments Redwood City, CA

   5   11:28am Tue 15 Feb 2011   Share   Quote   Permalink   Like   Dislike   Don't forget the triangle lot, making it nearly impossible to get approval to rebuild/expand that house. Whoever paid 750k for that thing in 2005 must be hating life. I bet they got to the 'well, we'll just foreclose' price and this will sit until the bank takes it back.

6. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   6   11:39am Tue 15 Feb 2011   Share   Quote   Permalink   Like   Dislike   Its like playing Russian Roulette .. Buyer in 2008 taking a loss, as did the buyer in 2007, after it was forclosed in 2006. Looks like 3 former buyers-owners not to happy with this purchase.. What cost $243 in 1988 would cost $435.04 in 2009. Mid 400K sounds more safe than 800K Property History for 89 ENSENADA Rd Date Event Price Appreciation Source Dec 30, 2010 Sold (Public Records) $800,000 -12.5%/yr Public Records Dec 30, 2010 Sold (MLS) (Sold) $800,000 -- Inactive MLSListings #81045668 Nov 17, 2010 Price Changed ** -- Inactive MLSListings #81045668 Oct 18, 2010 Price Changed ** -- Inactive MLSListings #81045668 Sep 15, 2010 Listed (Active) ** -- Inactive MLSListings #81045668 Oct 30, 2008 Sold (Public Records) $1,069,000 84.8%/yr Public Records Jan 18, 2008 Sold (Public Records) $660,000 -32.7%/yr Public Records Jan 22, 2007 Sold (Public Records) $975,000 7.6%/yr Public Records Dec 01, 2006 Sold (Public Records) This home was foreclosedForeclosure is a process that transfers the right of home ownership from the homeowner to the bank or lender. A home goes into foreclosure when the owner stops paying his mortgage loan payments.. $89,764 -- Public Records Jan 28, 1988 Sold (Public Records) $243,000 -- Public Records

7. Kozumasbullitt Follow Befriend 1 comments

   7   1:36pm Thu 12 Jul 2012   Share   Quote   Permalink   Like   Dislike   All, I am currently looking at this house in what seems to be a market flooded with buyers currently. What should I be looking at as an offer price?

8. sfbubblebuyer Follow Befriend 1 threads 750 comments Redwood City, CA

   8   4:40pm Thu 12 Jul 2012   Share   Quote   Permalink   Like   Dislike   Why would you really want that house? It's an awkward lot, 2/1 with no possibility of expansion thanks to setbacks and lot shape, plus it's a flip. A complete inside remodel in 3 months = super-speedy who cares about craftsmanship flip. They tore out any good cabinetry and put in Ikea knock flats, slapped up the cheapest tile they could, and called it beautiful. Look at how long it languished before selling before. It's a very undesirable lot, and all you get for it is San Carlos schools. If that's what you want, and being stuck with 2 bedrooms max forever is okay, then sure, it's your cheapest option. Very, very meh.

9. pkennedy Follow Befriend (8) 28 threads 1,341 comments Redwood City, CA

   9   8:57pm Fri 13 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike   The property overview doesn't look great, but the pictures from the street look pretty nice. Decent sized front yard and back yard for the are. The house is pretty open, not a bunch of closed in mini rooms. There isn't a lot of property, if you want to live in that area, it's always going to be a sellers market. Good demand, and few properties.

10. E-man Follow Befriend (31) 34 threads 2,543 comments San Jose, CA Premium

    10   12:18am Sat 14 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   Protected   Don't buy this house if you believe in Feng Shui. This house has many bad Feng Shui. No Chinese will buy this house. Bought for $500k, put some lipstick on this pig & try to flip it for $680k. Nice.

11. pkowen Follow Befriend 30 threads 555 comments San Carlos, CA

    11   4:13pm Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike   Still no buyer. No surprise, the surprise would be if it sold.

12. Facebooksux Follow Befriend (2) 2 threads 223 comments Mountain View, CA

    12   10:00am Wed 8 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   Kozumasbullitt says All, I am currently looking at this house in what seems to be a market flooded with buyers currently. What should I be looking at as an offer price? $49,995

13. mell Follow Befriend (5) 53 threads 1,297 comments Premium

    13   7:28pm Sat 11 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   Somewhere around $300K - $400K if you must bid on it.