October 26, 2007

$1.25 million in East Palo Alto – 1020 sqft house

Reports
868 RUNNYMEDE ST
PALO ALTO (East Palo Alto) 94303
Detached Single Family (Class 1)
Bed/Bath: 2 / 1
SqFt: 1,020
Lot: 32,670 sq ft
Age: 99 years
List Price: $1,250,000
Assoc Fee:868runny.jpg
Remarks
HUGE LOT ! 32,670 sf. with a 2-story house -2 bedroom and 1 bath House is between “Rose-Garden”subdivision and 7 new 2story homes under construction.Call your investors and developers!!!

At first, you might think: Hm… $1.25 million for a 99 year old 2/1 with 1020 sqft?

But then you perk up: it’s East Palo Alto.

And then you perk up even more: It’s on a 32k sqft lot.

HOLY COW. 32,000 sqft! Good lord! What can youdo with all that land?

Personally, I’d take acue from the present owner:

runny.jpg

What was going on there? Copper ore strip mining! You know – the commodities market is going through the roof these days after all! This is your chance to become rich!

Just think of the potential. It’s like the 1849′s all over again if you buy this $1.25 million property. Fulfill your Californian destiny – speculate today and profit!

Comments (10) -- Posted by: burbed @ 5:31 am

10 Responses to “$1.25 million in East Palo Alto – 1020 sqft house”

  1. DensityDuck Says:

    Looks like a fly-by-night condo developer is trying to exit the market.

    On the other hand, you could make a pretty decent walled compound on 32,000 square feet. Install a helipad, hire armed guards, you’ve got yourself a dream house!

  2. DensityDuck Says:

    PS “runnymede” street? LOL.

  3. ex-sunnyvale-renter Says:

    I guess we know where Dmitry Orlov’s new digs will be……

  4. TomM Says:

    @DensityDuck

    You’re correct. Burbed completely missed the point. The lot size is large enough for the security precautions you’ll need to live in that neighborhood. You say walled compound, I say full-on moat with drawbridge driveway.

  5. sonarrat Says:

    I dunno, with all the utility trucks littering the grounds I think there was probably some digging going on. Which is all part of the EPA “special.”

  6. burbed Says:

    Build your own green zone!

  7. DensityDuck Says:

    The Army could buy the site, build an MOUT training center, and hire bums off the street as “terrorists”.

  8. Big B Says:

    If you check Toxmap (http://toxmap.nlm.nih.gov/toxmap/main/index.jsp) near this house and click on Toxic Release Inventory, you will find that this area is great if you like chemicals…

    Toluene, Xylene, 1,1,1 Trichloroethane and more! Those smell fantastic in case you don’t know.

  9. Huang-Chuang Wang Says:

    what a quaint, Normandy farmhouse, with a white picket fence, even! Personally, I like the neighborhood; TCE contaminants are a non-issue. Add a few gun turrets, and presto — instant Green zone, with a rustic, Third World appeal. Burbed, what a zesty find. Woot!

  10. densityduck Says:

    Oooh, 111-TCE. The odor you’ll never forget.


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