Emerald Hills: Special Opportunity

The hills of Redwood City are alive with the sound of…hammers. Remodeling and new construction are a mainstay in this large neighborhood, where charming country cottages are torn down to build oversized homes with great views. With no real land available in this area, these small cottages, once owned by wealthy San Franciscans as summer retreats, are hot commodities. Buyers either take them down to the foundation and rebuild to suit their needs, or raze the entire structure and start anew. If this appeals to you, here is a winner for you: 3547 Oak Knoll is a 3 bedroom, 2 bath home of almost 2,000sf. Listed at $825,000 (an incredibly low–for this neighborhood–$430/sf), it is described as “an incredible fixer and expansion opportunity.” And I believe this to be true, but you had better hurry. This is a court confirmation property and bids, along with a special bid form and 10% cashier’s check, are due by 5 pm on May 9th if you want to consider this property yours.

FYI – 3604 Oak Knoll, a 2 bedroom/1bath on 1170sf recently sold for $857,000 and 3514 Oak Knoll, a 1 bedroom/1 bath of 800 sf recently sold for $799,000.

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