LOWEST PRICED 3 BEDROOM 2 BATHROOM 2 CAR GARAGE IN SAN MATEO!
MLSlistings Property Detail for MLS number 672460
1819 KEHOE AV
San Mateo, CA 94401
$698,000
Open House Showing
Saturday, March 03, 2007 1:00 PM – 4:00 PM
Sunday, March 04, 2007 1:00 PM – 4:00 PM
LOWEST PRICED 3 BEDROOM 2 BATHROOM 2 CAR GARAGE IN SAN MATEO!This Single Family Residence has the following features:
MLS#: 672460 Approx Age: 51 Years Approx Sq Ft: 1080
Detached Single Family 1 Story Ranch
3 Bedrooms Ground Floor Bedroom 2 Bathrooms
1 Stall Shower 1 Shower over Tub 1 Tub
Wow! It’s the lowest price 3br/2ba/2ca in San Mateo. So what does it look like inside?
Oh sweet! An all wood panelled interior as well! Now why didn’t they include that in the teaser??
This is truly a unique and special house.
March 23rd, 2007 at 6:31 am
Hey Burbed….
That house is horrendous! Are they kidding? Can you find out how much they paid for that piece of crap? 12 thousand maybe? geezzzzz
just got back from a nice Vermont ski vacation. There is a ridiculous bubble there too. Million dollar cottages and NO industry or wages at all in the area.
-liz
March 23rd, 2007 at 8:55 am
Well to be fair, vacation areas tend to be bubbly. Look at Hawaii – the median income has never matched the price of homes.
But million dollars… well… that’s probably pushing it. Especially for a property that’s not in a place as beautiful as Sunnyvale.
March 23rd, 2007 at 10:15 am
I think we have no officially moved from the ‘denial’ to the ‘fear’ stage. As evidenced by the recent upswing in new home sales which was only possible through a reduction in prices.
We still have a LONG way to go before things finally find equilibrium. But it is interesting to see the sentiment change in several of my friends who are home owners. The nervousness is definitely apparent.
Let the games begin!
March 23rd, 2007 at 4:44 pm
“Well to be fair, vacation areas tend to be bubbly. Look at Hawaii – the median income has never matched the price of homes.”
It is good to separate the idea of bubbly from expensive or overpriced.
The bay area will likely always be expensive. It will not always be overpriced. The same thing is true of vacation areas.
Just because something will always be expensive that does NOT mean it can’t go down in price, just that the level at which it stops at after going down will still be expensive.
If every house in the bay area instantly was being offered at 50% off (so $349,000 for this San Mateo house) that would still be a very expensive area compared to much of the US. But now it may not be the overpriced amount that it lists for today.
March 23rd, 2007 at 6:03 pm
They’re only paying $932/year in property taxes, so it’s most likely the original owners. It was built in 1955. The tax assessed value is 65k. If they bought it in 1955, they probably paid 20k for it.
March 23rd, 2007 at 10:30 pm
hell you can even hear the 101 traffuc droan from your bedroom window.