June 22, 2011

Cheapest house in San Mateo. “Please take a look again.”

$142,000

 

Beds: 1
Baths: 1
Sq. Ft.: 740
$/Sq. Ft.: $192
Lot Size: 0.39 Acres
Property Type: Detached Single Family
Style: Cabin
Stories: 2
View: Neighborhood
Year Built: 1950
Community: Loma Mar
County: San Mateo
MLS#: 81114783
Source: MLSListings
Status: Active


 

 

 

 

On Redfin: 60 days
Price reduced for quick sale!! Please take a look again. Cozy Cabin in the hill, adjacent to the Memorial State Park, within walking distant to the local stores in Lomar Mar, and short drive to downtown Pescadero and the Ocean. Home is dated which can be updated and upgraded to your desire. Property is perfect for a weekend getaway cabin or for rental purposes.

I like how one of the benefits of the cheapest house in San Mateo is that it is dated – which means you can updated and upgraded. Just like software and firmware! Oh? It’s not just like software and firmware? Oh.

Surprisingly this is actually sort of walking distance to businesses, despite the fact that it looks like a very large tree house.

Any one have an a read on what vacation rentals look like this area? Can you actually turn a profit? Entrepreneurial minds want to know!

Comments (15) -- Posted by: burbed @ 5:10 am

15 Responses to “Cheapest house in San Mateo. “Please take a look again.””

  1. sfbubblebuyer Says:

    I seriously had NO idea where this thing was. It took a LOT of zooming out on the listing map to finally figure out where it was.

    That being said, I’d LOVE to live in the redwoods. Just not in this oversized outhouse.

  2. madhaus Says:

    Yeah, I had never heard of Loma Mar before. Even the realtard can’t spell the name of the town properly.

  3. The Gilroy Alex Says:

    These places really are out in the middle of nowhere, and it’s like the tech boom, hell, the 20th century, never happened. If you can live off of fishing, hunting, gathering, foraging, and selling trinkets to the tourists during the 3 warm months when they come around, you can make this work.

  4. madhaus Says:

    How’s this for excitement? The entire Curbed network (real estate, restaurants, and all) was taken offline yesterday when the FBI impounded a server enclosure, which hosted sites other than the one they were after. And that included SF Curbed. I just checked them, they’re back up.

    More here [NYT]

    The targeted server had something to do with Lulz Security. What a surprise.

  5. The Gilroy Alex Says:

    There’s some discussion of this on Ticker Forum. The conclusion is that this is all about getting some data, and showing who’s in charge. Not necessarily in that order. The FBI could have sent in two geeks and gotten the info they wanted with no muss, no fuss, and no server damage. So, it was not just about getting data.

  6. Ryan Says:

    Hmmm…if the owner of that piece of rotting eye sore paid me $100,000 to take it off their hands, would I get a refund on my propperty tax?

  7. z2amiller Says:

    The cheapest house is even cheaper now – $135K. Loma Mar is actually kind of nice but you’d have to pay cash for the house, or be able to use it as a vacation property or something because there aren’t really many jobs out that way. Maybe people make money by selling each other real estate?

    Being close to Pescadero is neat, I guess, the beach right there at the end of Pescadero Road is cool, and there’s always that place with the famous Olallieberry pies (Duanes maybe?). Also it is close to Sam Macdonald park and Heritage Grove. Heritage Grove is a really nice light hike, very peaceful place. Worth a trip out there, but I’d head to the park and skip the open house here.

  8. Petsmart groomer Says:

    > Maybe people make money by selling each other real estate?

    What a ridiculous idea. That would never work.

  9. Perfect Angel Says:

    Who said it is a ridiculous idea? Haven’t heard about “Facebook effect” which is going to bring back extraordinary appreciation with only “200 prospective buyers”? Those 200 people are going to keep buying and selling among themselves to keep real estate price up.

  10. Real Estater Says:

    First I said it, then I bought it, then they published the Facebook effect, finally Bloomberg told the rest of the country.

    Math is hard, but try to count how many steps RE was ahead of the game.

  11. madhaus Says:

    #10, does your back ever get sore from how hard you keep patting it?

  12. Perfect Angel Says:

    does your back ever get sore from how hard you keep patting it?
    —–

    LOL! It’s not just patting, but patting in awkward context. I guess I should have mentioned explicitly that #9 is just sarcasm.

    I loved the phrase “they published the Facebook effect” in #10. Doesn’t it sound heavyweight with the word “published”? Who are they? Some Nobel laureates? What did they publish? Some peer reviewed paper in science journal?

  13. Real Estater Says:

    Perfect removed,

    Who cares what exact word is used? There is no denying the effect is real; that’s what counts.

    inappropriate term removed by madhaus since commenter doesn’t care what exact word is used

  14. Real Estater Says:

    Removed: Whining quota exceeded

  15. BLACK FRIDAY DEALS: Cheapest house in San Mateo County | Burbed.com Says:

    […] DEAL is the absolutely cheapest house we could find in all of San Mateo County!  It’s also been featured on Burbed before, when it was (hold onto your Thanksgiving leftovers) the cheapest house we could find in all of San […]


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