Redwood City Report: Bubble ain’t happening here
Let’s return again to our roots and feature one of the homes that Burbed was best known for. Have a look at this spacious place while we take a good look at some prices.
418 ALDEN St
Redwood City, CA 94063
$390,0001 Beds
1 Baths
640 Sq. Ft.
$609 / Sq. Ft.
Built: 1925
Lot Size: 5,000 Sq. Ft.
On Redfin: 18 days
Property Type: Detached Single Family
View: Neighborhood
County: San Mateo
Stories: 2
Community: Lenolt
MLS#: 81312880NEW KITCHEN WITH GRANITE COUNTER TOP, NEW WINDOWS, NEW BATHROOM. CONVENIENTLY LOCATED CLOSE TO SHOPPING, FREEWAY AND TRANSPORTATION.
For $390K, you’re only going to get one GRANITE COUNTER TOP and one NEW BATHROOM and zero photos of either. But that’s not the only reason we’re featuring this delightful dwelling. Have a look at the listing from the last time it went on the market, as a short sale.
418 ALDEN St
Redwood City, CA 94063
Sold for $239,0001 Beds
1 Baths
640 Sq. Ft.
$373 / Sq. Ft.
Built: 1925
Lot Size: 5,000 Sq. Ft.
Sold On: Jun 10, 2011
Property Type: Detached Single Family
Community: Lenolt
MLS#: 81053292
Stories: 2
County: San MateoSHORT SALE. SALES PRICE AND COMMISSION SUBJECT TO LENDER’S APPROVAL.
Just because the price went up 63 percent due to a GRANITE COUNTER TOP doesn’t mean we’re in a bubble.
Why, just take a look at the price history for this palace. We have a lovely little line graph for you as well as the screenshot from Redfin.
Obviously there’s no Bubble 4.0 in this part of Redwood City, because it was completely derailed after 2006. All the dots on the graph are sales except for the last one on the right, that’s the current asking price.
Do you have any doubt where this investment is heading? In case you don’t, the house itself has the answer for you.
418 ALDEN St
418 ALDEN St
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