Can Quality Overcome Big Challenges?

 

There’s an interesting scenario going on right now in both the Foster City single family market as well as the condo/townhouse market. Those scenarios beg the larger question of whether or not the quality of these individual homes can overcome the challenges that also exist in their locations. First off there’s a new 4 bedroom, 2 bath listing at 919 Marlin listed by Ronda O’Leary of Coldwell Banker for $949,000. The place is absolutely drop dead gorgeous! Look at those pics…it’s amazing. Who isn’t going to like that house? The question is, will the location on Marlin, a busier street, have an impact that could slow the sale of render that price to be too high? We’ll see…my bet is that it won’t have that big of an impact.

The second example is the townhouse at 606 Portofino at the Islands listed for $795,000 by Jina Farzinpour with Re/Max Star Properties. This is by far the most gorgeous unit I’ve seen at the Islands. It’s a large 3 bedroom unit on the widest water. Tons of upgrades! The question is, can this quality overcome the $720.00 a month HOA dues and the possible $40,000 assessment that could be looming there. Honestly, it would sure be tempting to live on the water like that. It’s been quite awhile since there’s been a comp at the Islands in that price range. I’m really interested to see if that place sells.

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