356-360 Blossom: Two detached homes on 1 lot.
Not a duplex! 3 bedroom 1 bath + 2 bedrooms + office (could be 3rd bedroom) 1 bath on 0.33 acre
NORMAL SALE! Priced as good as a Bank Owned deal! This is a great great price! Just dropped $20,000! Was $310,000.
This property beats the competition with location, size, security, seclusion, massive amount of space for gardens and storage
Now as of 6-5-11, dropped to $289,950. The following PDF files requires Adobe Reader.
 
The latest 3 Closed Sales in the area...
21534 Banyan $285,000 short sale, built 1935, smaller homes (710+564 SqFt)! smaller lot by 1/10 acre! closed 4/5/11! same area! ATTACHED duplex.
21618 Banyan $297,900 bank owned, smaller homes! equal sized lot! closed 3/22/11, same area, ATTACHED duplex. Condition “some updating”
248 Willow, $310,000 bank owned, built 1922, equal sized lot, closed 3/21/11, same area, 2 houses 1 lot. Condition: unknown.
Photos & detail view of all 9 recent sales below.
 
The effective payment to live here is $954/mo PITI with only 3.5% down, if one rents out one house and lives in the other.
Loan amount = 279,850, Principal, Interest & MIP = $1,502, Taxes = 302, insurance 150 (75 per house is high); (Rate 5% including FHA MIP. No APR calculated.)
Total Payment = 1,954 minus rent of one of the homes at $1,000 (low by the way) = $954/mo PITI/MIP effective payment!!!
If both rented out at $1,200 (normal rent), positive cash flow = $446/mo!
 

 
Page through these 9 pages of the 9 most recent comparables sales throughout Hayward. This poperty is a real deal!
 
 
More Comps from 2010...
21151 Montgomery sold for $301,000. Nice 1bd/1ba ea duplex and garage. No land! 1bed/1ba/800 SqFt each, REO, only .16 acre.
161 Hampton sold $318,000, two homes on 1 lot 9/13/2010, was bank owned. 2 bed, 1 bath, 2 car garage and 2 bed + office, 1 ba, 1 car garage, Rents were 1,000 and $1,500.
 
 
 
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