September 25, 2012

Seller may consider Lease w/ Option to Purchase (price reduced once already)

Welcome back to San Mateo, courtesy of Burbed reader MS.  Today’s terrific title is a top-tier townhouse, and all that townhouse living entails.  Like 20 other units to share the complex with you, and those delightful CC&Rs to make decor decisions dictatorial.

120924-bayshore-redfin829 S Bayshore Blvd
San Mateo, CA 94401
$690,000, reduced from $711,000

HOA Dues: $250/mo. 
3 Beds 
2.5 Baths 
1,775 Sq. Ft.
$389 / Sq. Ft.
Built: 2008 
Lot Size: — 
On Redfin: 46 days
HOA Dues: $250/month
Style: Contemporary
Community: South Shoreview
MLS#: 81229901
Property Type: Townhouse
Stories: 1-3 (Low Rise)
County: San Mateo

Luxury townhome near downtown San Mateo, designed w/ craftsman details, large windows & abundant light. Less than 5 yrs old (2008 built), 3bd, 2.5 bth, 1,770 sqft unit features high ceilings, recessed lighting, wood cabinets, open kitchen, gas-burning fireplace, & gleaming flooring. Master w/ lrg walk-in closet. granite countertops + marble tiling. Seller may consider Lease w/ Option to Purchase.

120924-bayshore-satelliteHere’s why ms sent in this tip-top tenement!

This is a townhouse in a project where the nearest scenic view is the 3rd Avenue sign on 101.  The HOA is decent at $250, but for $700K+ you should not be paying HOA at all.

It is also priced far more than comps. Check out:

 

120924-bayshore-stairsRetirees, note the San Francisco-type stairs to go up and down and up again to get to the bedrooms. Your grandkids would have no common place to play.

711K?  Is the bubble real?  Is the bubble fake?  Only the shadow knows, the shadow man under someone else’s bed.

It’s not lucky $711,000 anymore!  Price reduced to $690,000.  You’ll get even luckier with a price like that.  You know what else is lucky?  Those HOA dues.  Redfin mentioned them twice.

120924-bayshore-streetview-across

MS’s comment about the 3rd  Avenue sign was completely on the level.  This is the lovely view you get every time you leave the plex.  Location, location, location!

Comments (9) -- Posted by: madhaus @ 5:05 am

9 Responses to “Seller may consider Lease w/ Option to Purchase (price reduced once already)”

  1. sprezzatura Says:

    For $700K in San Mateo you can do better. MUCH better.

  2. Alex Says:

    What a crapshack.

  3. Crissa Says:

    I like this home design, but I don’t understand why they sell for such a premium. in 2007 they were building some in Sunnyvale and then they talked up the ‘comparables’ and none of the comparables came with a view of a major street, 50′ from CalTrain (but 1+ miles from the stations), and a freeway overhead. x-x

  4. Crissa Says:

    They also come with restrictions on gardening and parking – in other words, they never have any parking, so forget having your friends over – but they’re hardly ever near transportation.

  5. Alex Says:

    I was looking at a tiny sh*thole in downtown mountain view.

    Small 3br 2.5ba condo

    http://www.redfin.com/CA/Mountain-View/108-Bryant-St-94041/unit-8/home/1036190

    Literally across from the railroad. Buy now or be priced out forever!

  6. Crissa Says:

    That one is real pretty, but yeah, right off the main strip there, dozens of restaurants within a couple blocks, CalTrain station not three blocks away, lots of busses.

    That’s the sorta spot you want a condo like that. Then your lack of garden/entertaining space can be made up for by having parks and restaurants and cafes.

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