Hmm, what’s the quality of the neighborhood?
You asked a nice question for which I started looking at it. Looks like 8 viewers, all silently working I hope !! Here you go, decide yourself !
Even if I take over at 800k, and add 200k remodel, I am better off compared to the other new condos listed there at 999k and 1.02M
I may try my luck too. This kind of houses are bid by cash offers by builders…I do not have full cash offer for this home
That’s why you need an equity line, for opportunities like this!!!
I have up to 500k level, not beyond that level !
Signing bank papers on Monday…750K!!!
800k price, 200k fix it ! We can then go for joint project 50:50 each !
Is the east side of 101 in San Mateo decent???
East side is not so great, but not for this price ! East side is changing, see from the price of new condos. New 2bed condo is selling at 999k and 3bed condo ranges from 1.024M to 1.254M (size 1963 sqft).
This home structure has 1800 sqft at 771k level. Checked already with my realtor, he said this is cash only buy. Builders will take this one, easily make 200k at current market depending on competition. Quick money, 3-4 months project for a seasoned builder/contractor/investor.
Watch out for settement issues and freeway noise…improving neighborhood
This is the only concern. I am off the home as my agents said this home will not qualify for any mortgage - cash only offer.
Gentrifying like everywhere else.
I saw that listing. Some people call original condition houses fixers, but this is a TRUE FIXER! No mincing words on that one. 