San Mateo is about as convenient as it gets for Peninsula job centers, 15 minutes north to San Francisco and another 20 minutes south to Mountan View. This home is a perfect example of what happens when you list a property too high.
(click images to the right to enlarge)

First listed 10/31/2008 for $839,000, the asking price has chased the market all the way down to $699,000, where its been since early March. The ultimate question at this point is how much room the seller has to lower the asking price without getting into a short sale situation — the home was bought in February 2005 for $761,900.

DEAL or NO DEAL?

Address: 2605 Garfield Ct. San Mateo, CA 94402 (MLS Listing)
Status: ACTIVE
Bedrooms: 3; Bathrooms: 2
Living Space: 1,110 sq ft
Lot Size: 7,400 sq ft
List Date: 10/31/2008
Original List Price: $839,000
Current List Price: $699,000
MLS number:80842997

Real Estate Agent Comment: WELL SITUATED IN QUIET CUL-DE-SAC. 3 BEDROOM 2 BATH. FRESHLY PAINTED. NEW CARPETS. HARDWOOD FLOORS, FIREPLACE, EAT-IN KITCHEN. FABULOUS YARD. CLOSE TO SCHOOL, SHOPPING AND TRANSPORTATION. ONE LEVEL CUTIE. WASHER/DRYER ARE INCLUDED BUT NOT WARRENTED.

DEAL or NO DEAL?
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Tags: Deal or No Deal, peninsula, San Mateo

This entry was posted on Monday, June 8th, 2009 at 9:38 am and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.