Welcome to Paul’s Picks, a weekly segment where Paul showcases some the best deals on the market here in the Peninsula. From single-family homes and condos to 2-4 units and large apartments complexes even vacant lots. Paul closely and constantly monitors a wide arrange of product types seeking out the market opportunity that you might not have thought about. If you would like to discuss a property in more detail or find out about other properties that may fit your needs better please give me a call at (650) 348-2020.
Paul’s Pick #1 – 1701 Davis Drive – Burlingame [click here for more]
For my first pick this week, I have our very own listing at 1701 Davis Drive in Ray Park. This is by far the best add-value opportunity in Burlingame for you owner-occupiers out there. Structure of the home’s in great shape; simply remodel the kitchen and two bathrooms to add instant equity and you own personal touch. And while the Ray Park neighborhood is ideal for young families, being walking distance to Lincoln Elementary School, Burlingame Intermediate School, and the park that bear its name, this home is great because it’s one level, so it appeals to downsizers as well. So really, the whole spectrum of buyers. I had the pleasure of holding open this Saturday between 2-4. Looking forward to seeing you out there.
Paul’s Pick #2 – 308 Hobart Avenue – San Mateo [click here for more]
For my second pick this week, I have another add-value opportunity at 308 Hobart Avenue in San Mateo. I absolutely love the location and architectural stylings of this home, but why there is money made here is because when it first came to the market, it was listed at just under $2 million. But because of some square-footage discrepancies, it was immediately lowered to a million-and-7. Now this has obviously stalled the sale, because it’s still on the market after Week 2, telling me you can get the home for a million-and-7, and I think with about a $100,000 or 150,000 investment, you have $2 million-home, and about a $100,000 worth of equity.
Paul’s Pick #3 – 681 Glenloch Way – Redwood City [click here for more]
For my final pick this week, I have 681 Glenloch Way in the Emerald Hills Neighborhood of Redwood City. This home is for all you buyers out there looking for a brand new contemporary-style home in a hillside setting. If you’re Burlingame Hills buyer and you’re frustrated with the lack of inventory, I would highly recommend you expanding your search to this neighborhood; it’s very comparable. But the reason this is a Pick is because this home just received a $400,000-price reduction, which is just a testament to how important pricing is. Now I believe they started out at this 2.6 level, they received mutliple offers, and probably jumped to 10-15%, but because they started out at that higher level, the property has stalled, thus creating a great opportunity for you to get out of it a great deal.