Why is this house cheap?

Uber dhdbdhdud
Sep 5 52 Comments

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TOP 52 Comments
  • Uber whoberrr
    Only bay area can make it seem like a mil 1300sq ft is cheap
    Sep 5 0
  • Amazon / Eng SmkWdEvyDy
    To draw in buyers and trick them into a bidding war. R
    Sep 5 0
  • Cadence / Eng
    pretzle

    Cadence Eng

    PRE
    Intel Corporation
    pretzlemore
    Infact I think this place is over priced, I have been looking at houses too, this one is built in 1912!!!!!!! And just 2B; Kitchen is very old, check that stove, no spider burner, no upgrades and some of the bathrooms have tiles that are very archaic.

    Have you seen this place in person?.
    Sep 5 2
    • Uber dhdbdhdud
      OP
      I havent and I dont have experience shopping houses yet.
      Sep 5
    • Cadence / Eng
      pretzle

      Cadence Eng

      PRE
      Intel Corporation
      pretzlemore
      Would suggest just go check in person. I think the price is for that vast land behind the house. So I went and looked at one place that was dirt cheap, the agent told me it's a trick to draw attention; it had a similar vast backyard and people will be drawn to building something there or converting; so turns out there are so many laws it needs to satisfy to build something and blah blah.... There is always a catch
      Sep 5
  • Cadence / Eng
    pretzle

    Cadence Eng

    PRE
    Intel Corporation
    pretzlemore
    It's short of a million by $5000, don't think it's that cheap
    Sep 5 2
    • Uber dhdbdhdud
      OP
      well relative to other sfh in Bay Area..
      Sep 5
    • Facebook Hodinkee
      Redfin thinks it’s overpriced
      Sep 5
  • Intuit purplbeta
    I grew up in the house across the street from this. The reason this area is cheap is because it’s a ghetto (in traditional meaning). There are many families smashed into single family homes, train tracks 2 blocks away and generally feels lower class/unsafe.

    Check out homes west of el camino. Amazing part of San Mateo.
    Sep 6 1
    • Twitter ducts
      I live near by. This is correct.
      Sep 6
  • Fitbit widhfb
    Bidding war
    Sep 5 0
  • Facebook jfq0156
    This is a very old house that looks like it's built on a cripple wall foundation which is very risky during earthquakes unless retrofitted. Not that this makes any difference to the price because most people don't care or are unaware.
    So before you buy, do good research.
    Sep 5 2
    • Cadence / Eng
      pretzle

      Cadence Eng

      PRE
      Intel Corporation
      pretzlemore
      Has survived 102 years! Wonder how many earthquakes it has lived through. That's just on the earthquake comment; I think it's overpriced and didn't recommend (above comments)

      Some of these old houses I see; part of me keeps thinking if it survived so many years, they must have been architect well versus the ones that's are built now (they pop up a house in like 6 months)
      Sep 5
    • Facebook jfq0156
      There hasn't been a large earthquake in the Bay area since 1906
      Sep 5
  • Uber dhdbdhdud
    OP
    ohh I see.. So the final price of this house would be much higher? I couldnt really find a lot of SFH at this price range before though.
    Sep 5 3
    • Uber dhdbdhdud
      OP
      Also am I correct that the current price tag is on the cheaper side in this market?
      Sep 5
    • Are you an uber millionaire?
      Sep 5
    • LinkedIn Wiener
      No even the redfin estimate (which is typically overpriced) is lower than the listing price.
      Sep 5
  • New Pino
    Horribly overpriced, perhaps only because I am not in the Bay Area ?
    Sep 6 0
  • Amazon CulStryBro
    That is a small, old house in a shit part of San Mateo. Look at the dumps around it on Google Street view. There are some lovely parts of San Mateo, but this ain't it. This does not look like a deal to me.
    Sep 5 0
  • Credit Karma LCgirl
    pls buy me one
    Sep 5 0
  • LinkedIn periperi
    Shit that’s not cheap at all.
    Sep 5 0
  • Oracle Ot3Na
    Also, it's pink.
    Sep 5 6
    • Oracle Ot3Na
      "Also"
      Sep 5
    • Gen!x / Eng
      ixptl12

      Gen!x Eng

      PRE
      startups, JPMorgan Chase
      BIO
      ¯\_(ツ)_/¯
      ixptl12more
      10k to paint 1.3ksf? I gotta move out West and do rehab.
      Sep 7
    • Facebook public2
      10 to 20k ish yes. Is that high?
      Sep 7
    • Gen!x / Eng
      ixptl12

      Gen!x Eng

      PRE
      startups, JPMorgan Chase
      BIO
      ¯\_(ツ)_/¯
      ixptl12more
      I worked as a handy man through college. Still do lots of DIY for myself and friends.

      I charge(d) roughly $100/square so that house would be approx a $2k charge. $3k max if the trim is a different color.

      Just painted a 1600sf rental for a friend for cost of paint, gas and an expensive dinner (he helped).

      It’s 6-8 hours of work, max. I honestly can’t see how anyone can charge $1k+/hr to paint.

      Or alternately why anyone would pay that.

      No wonder west coast houses are expensive.
      Sep 7
    • Facebook public2
      Haha that's amazing but ya you would be homeless and starving if you charged 3k to paint a house assuming you could only paint a couple a week.
      Sep 7
  • Tableau krxi15
    Schools are 7/6/7. It’s correctly priced if you know anything about Bay area and its obsession with overpaying for great public schools.
    Sep 5 2
    • New Pino
      And those are good ratings , huh ?
      Sep 6
    • Robinhood Aoemfb
      Tableau is saying that it’s not very expensive because the schools aren’t very good.
      Sep 6
  • Uber dhdbdhdud
    OP
    Interesting.. learning new things
    Sep 5 0
  • Twitter pNAK04
    It is like 110 years old home
    Sep 6 5
    • Facebook public2
      Always funny to see people who care about age. Older is better and value is in the land :)
      Sep 6
    • 1975+ homes don't have crawl spaces. That's better than creepy 1975- houses. No?
      Sep 6
    • Oracle Ot3Na
      How is older better?
      Sep 6
    • Older never better,
      Sep 6
    • Facebook public2
      Older is almost better, better location, better build quality, and actual style. 1900 to 1935 is ideal imho.
      Sep 6
  • LinkedIn Wiener
    2b2b is too small to raise a family. I think it is reasonably priced depending on the interior condition.
    Sep 5 2
    • Amazon whatevеr
      True that. I wouldn’t even buy it as tree house for my 5 year old to play hide and seek around. It’s just too small.
      Sep 5
    • Gen!x / Eng
      ixptl12

      Gen!x Eng

      PRE
      startups, JPMorgan Chase
      BIO
      ¯\_(ツ)_/¯
      ixptl12more
      This is exactly why no one in NY has a family.
      Sep 7
  • This comment was deleted by original commenter.

  • Amazon OdpS15
    Cheap must mean something different on the west coast.
    Sep 6 1
  • VMware newInAtl
    Lol what's funny is that people in the bay area can genuinely think this is cheap.
    This is basically land value for 5k soft. It probably would be more expensive as a lot as demo costs dollars. Why dont you buy a lot instead?
    Sep 6 1
    • Netflix rAcC67
      And exactly where do you think you can easily buy a lot? If it were easy, people would do it. What you’re missing is the 2+ year waiting period to get the permits and approval for you construction while paying a mortgage for a useless piece of dirt.

      Better to buy an existing home, rip it down to the internal studs and start over.

      I know people who paid 2 mil for a tear down 2.5 years ago and they’re still waiting for their new home to be completed. It’s agony.
      Sep 6