November 23, 2008

A Redwood City mystery house?

1817 HOPKINS Ave Redwood City, CA 94062
Price: $819,000


Beds:     3
Baths:     2
Sq. Ft.:     1,440
$/Sq. Ft.:     $569
Lot Size:     8,255 Sq. Ft.
Property Type:    Detached Single Family
Year Built:    1925
Stories:    1
Neighborhood:    High School Acres
County:     San Mateo
MLS#:     80821896
Source:     MLSListings
Status:     Pending Without Release
On Redfin:     130 days
Unsold in 90+ days
GREAT PRICE FOR A GREAT AREA!!! THIS BEAUTIFUL SPANISH STYLE SINGLE FAMILY HOME IS LOCATED IN THE LOVELY REDWOOD HIGHLAND NEIGHBORHOOD. THIS CHARMING HOME OFFERS THREE BEDROOMS, TWO BATHS, AN UPDATED KITCHEN WITH MAPLE CABINETS, AND A SEPARATE BREAKFAST ROOM!!!!!! DON’T MISS OUT ON THIS GREAT OPPORTUNITY!

Burbed reader Trena writes:

What’s the story with this house?
Pending for more than 8 months?
Now offered at 400K less than the intial sale price?
Possibly in foreclosure?

Who, that’s a lot of questions – and not a whole lot of answers.

Anyone know what the skinny on this house is? It’s certainly respectable at $569 per square foot!

Comments (30) -- Posted by: burbed @ 2:11 am

30 Responses to “A Redwood City mystery house?”

  1. Arik Says:

    $569 was respectable for Redwood a couple of months ago, now you can get something similar in a nice area in San Francisco for the same rate.

  2. madhaus Says:

    Per PropertyShark, the house is owned by LaSalle Bank NA, so the sale at $855K was a foreclosure. Especially since the grantor was “California Reconveyance Com”

    The sale at $1.2m just two years ago looks like a straight sale between a flipper and a FB. The flipper bought it for $100k less just a few months before. The $127.5k sale in 2005 is a family transfer.

    Property Shark is missing a few records because the house was sold to people whom we never see selling it in turn.

    How did Trena conclude the house was pending for 8 months? The Redfin link shows a sale in April (which was the bank taking it), a listing in July and now it’s November.

  3. nomadic Says:

    Kudos to the realtor for not misspelling any words in the listing. That could be a first for a house featured on burbed! Too bad he couldn’t be bothered to take any interior photos.

    The lot size is pretty good for RWC.

  4. Prof. Bleen Says:

    nomadic: I thought that was remarkable, too, but the realtor gets serious demerits for SHOUTING and for exclamation-pointarrhea!!!!!!

  5. nomadic Says:

    Bleen, that’s steps two and three in the 12-step program for realtors.

    :-)

  6. Prof. Bleen Says:

    ROFFLE! Yes, it would be too much of a strain to leap all the way to proper communication in one go.

  7. sonarrat Says:

    I don’t know what the deal is with this house, but this is my second-favorite part of Redwood City. My favorite is Wellesley Park, on the other side of Whipple – some really stunning houses there on Edgewood, Arlington, etc. Reminds me of West Portal, traffic circle and all.

  8. Real Estater Says:

    OK, enough of these craps. Want to see what a 70 million dollar property in the Bay Area look like? Take a look here.

  9. DreamT Says:

    Oh, a flipper! :) Hoping to double his money within three years. So RealEstater, for all your talk about real estate investment being a long-term endeavor, you do seem rather in a hurry to call this monstrosity a “70 million dollar property”.
    Maybe it ought to find a buyer first?

  10. Real Estater Says:

    30 million or 70 million. Does it really matter?

  11. madhaus Says:

    I can’t possibly buy that condo. The closet has nothing but white shirts in it.

  12. DreamT Says:

    Lol, 1 million or 2 millions, what’s the different? :) It’s not like you would mind if your house turned out to be valued half of what you expect, RealEstater, would you?
    You’ve been a better troll than that.

  13. Real Estater Says:

    DreamT,

    Are you going to buy it if it’s one way or the other?

    My house is a different matter. If it were $1M, madhaus (and a thousand other people) would be after it already. If it were $2M, then madhaus would be out of breath.

    Anyways, back to the property in question. IMHO, SF is just not a 70 million dollar city, nor is it a 30 million dollar city. For that kind of dough, one should be in New York City. SF just doesn’t have that much to offer in lifestyle.

  14. madhaus Says:

    Said the guy who would be out of breath at $4M.

  15. anon Says:

    DT, what Chuck means is that either number is incomprehensibly large for him. To him, the two numbers are no different.

  16. Real Estater Says:

    Not really. The larger number is still less than the price tag of my mega project.

  17. madhaus Says:

    Aw, Roger made a divide by zero error again.

  18. Alex Says:

    30 million. 70 million. What’s a few millions among friends?

    By the way, why doesn’t SF NOT offer much in lifestyle? What does New York have to offer in terms of lifestyle that is so different? It’s a freaking large city. The lifestyle must be outrageously great for me to shell out anything over $20 million for a home.

    Even though money comes out of my arse, I do have standards.

  19. Trena Says:

    Thanks for the answers everyone.
    I drive by this house practically every day and the ‘pending sale’ sign has been outside it for months (that’s the ‘pending for the last 8 months’ comment in my email to burbed).
    I started wondering what the story was about 4 weeks ago. At that time the house could be found on Redfin at a for sale price of $819K. Then about 2 weeks ago it suddenly dissapeared off Redfin (which briefly had it listed as foreclosure).
    I was hoping it entered foreclosure and it would get cheaper than $819K…it’s got lots of street appeal and it’s a nice neighbourhood.
    But now I think I should just watch it…not to catch a falling knife.

  20. Pralay Says:

    Aw, Roger made a divide by zero error again.
    ———–

    Funny! Roger The Brickster is still claiming that he has a 24×7 IT infrastructure mega-project. Poor guy, it’s a matter of credibility, after all!

  21. RealEstater Says:

    Pralay,

    Everyone can see that majority of the claims related to me are made by you.

  22. Pralay Says:

    Guys (“everyone”),
    I am withdrawing the claim that Roger The Brickster has a mega-project. :)

  23. RealEstater Says:

    It’s funny how Pralay always gets the facts completely wrong. At least Pralay knows there are two groupings: 1. The right info 2. The wrong info. He knows exactly which is the wrong info so that he can create as much distortion as possible.

    Hint to readers: What ever Pralay writes, just keep in mind the opposite is more likely to be true.

  24. RealEstater Says:

    Wow, another 200+ gain on the Dow. We’ve now recovered over 600 points from the bottom.

  25. anon Says:

    Wow! We’re only 5878 points from the top now!

  26. bob Says:

    Well… Mr Obama himself mentioned this will get worse before it gets better. There’s little news out there probably until the start of the year. But, home sales nationally are down to 2004 levels. That and GM is likely not getting any help, so expect another couple million people to show up in the unemployment numbers.

    We are definitely far, far away from getting out of the woods yet.

  27. madhaus Says:

    Wow! We’re only 5878 points from the top now!

    Cleared for takeoff!

    Mr Obama himself mentioned this will get worse before it gets better.

    So did Richard Nixon in 1971, in talking about inflation and enacting wage and price controls. I actually remember that speech. How little you young whippersnappers know.

  28. DreamT Says:

    It helps being born, to remember that speech. :P

  29. Pralay Says:

    Cleared for takeoff!
    ——

    You just like Roger The Brickster’s mega-project after signing NDS? :)

  30. Pralay Says:

    Correction #29: You mean ….


Leave a Reply

Please be nice. No name calling, no personal attacks, no racist stuff, no baiting, etc. Let's be nice to each other in the true Bay Area spirit! (Comments may be edited/removed without notice.)