$1,025,000 vegetable garden in Palo Alto
Located across the street from community park in mature neighborhood where many homes are being renovated or replaced with custom construction. Minutes from downtown Palo Alto, Stanford U., and I-280. Lot is approx. 50 feet wide and 120 feet deep, 5,663 square feet. Zoned R-1. Currently leased to a neighbor for use as a vegetable garden, tenant to vacate in February 2008.
Address: 590 Maybell Avenue, Palo Alto, CA 94306
APN: 137-25-088
Price: $1,025,000
Viewing: Drive-by, open
Buyer’s broker: 2%
Seller’s broker: John A. Souerbry & Associates (Palo Alto)
Agent phone: John – (858) 945-5717
NOTE: Property is in probate, but is not a court sale. Offers must be valid for at least 15 calendar days to allow for review and processing.
Information provided is deemed reliable but is not guaranteed, buyer to verify.
Thanks to Burbed reader PA Homeowner for finding this.
This is exactly what makes Palo Alto special. Did you know that those vegetables end up going to Ivy League colleges? Yep. Not only that, but those vegetables are constantly happy because they live in Palo Alto.
As we all know from watching Mountain View, they’re not making any more farmland around here. This is your last chance – better put in your bid for $1.5 million to be competitive. Besides, maybe you’ll get reimbursed by Facebook later!
February 15th, 2008 at 8:09 am
ROFLMAO!
Wouldn’t it just be cheaper to rent and go to Whole Foods?
February 15th, 2008 at 8:34 am
This is exactly what makes Palo Alto special. Did you know that those vegetables end up going to Ivy League colleges? Yep. Not only that, but those vegetables are constantly happy because they live in Palo Alto.
———————-
And don’t forget to mention that these vegetables belong to “management class”.
February 15th, 2008 at 9:39 am
Jesus. 5600 square feet of dirt for a million dollars.
How can anyone possibly believe that this will sell?
Half the reason for the market slowdown is probably the naked contempt that sellers have for buyers. I seriously believe that stuff like this is just a middle finger raised to people looking for property.
February 15th, 2008 at 9:40 am
Looks like a great opportunity. Buy for 1M, build a new house on the lot, and you’ll have a new house in PA for less than 2M, below market price. Buying this property is like getting free money.
February 15th, 2008 at 9:45 am
As a matter of fact, you wouldn’t even need to tear down the old house when building new. There’s another saving of 15 grand right there. Sure beats waiting for that stimulus check from the government!
February 15th, 2008 at 9:57 am
> Jesus. 5600 square feet of dirt for a million dollars.
> How can anyone possibly believe that this will sell?
Considering there’s houses in the neighborhood that have sold for close to $2M, I wouldn’t be surprised if it sold. It still seems high to me, but I’ve continually underestimated what buyers are willing to pay.
Besides, if they still have mineral rights and water rights (which they probably lost when the subdivision was created), then they own all the dirt *all the way down to the earth’s core*. Sure makes those bags of potting soil at Orchard Supply seem overpriced.
February 15th, 2008 at 10:28 am
Half the reason for the market slowdown is probably the naked contempt that sellers have for buyers. I seriously believe that stuff like this is just a middle finger raised to people looking for property.
Do a degree, yes. But ultimately, I think it is more to do with the complete and utter sense of denial most Californians have in regards to their “special place in the universe”.
It is ironic that an area that is supposedly so well educated and “upper crust” seems to also be the center-point for virtually every recent bubble we’ve experienced. Not to mention the cults and brainwashing sects that seemed to have their origins in good old San Francisco.
I think I finally understand why other parts of the country always consider this area to be so “off”. The sense of Californian “superiority” has become so prevalent that I swear everyone here lives in a permanent state of denial. Maybe it comes from being on an earthquake faultline or maybe there is something in the water.
February 15th, 2008 at 10:56 am
I’ve said many times that you have to be a millionaire at least to grow your own food in the BA. I was considering “guerrilla gardening” which is planting stuff here and there where people don’t suspect, extra points if it’s not generally recognized as food plants, but that would have taken time I didn’t have – 60 hours a week is the minimum workweek in the BA after all.
To have any free time in the BA you have to be either very very rich, or you’re a professional bum. My “black twin”, a guy who collects bottles and cans, makes $50 a day and is done with work by 2PM is an example of a BA success story. That guy is my inspiration. I say twin because it’s hilarious, same physical size, same age, etc. But he’s a success in the context of the BA and I’m a failure, I had to leave.
February 15th, 2008 at 11:44 am
>>To have any free time in the BA you have to be either very very rich, or you’re a professional bum.
Although BA home owners have no free time, they always have the option of having free time. Any time they can sell their home and be a plantation owner in a different part of the country.
February 15th, 2008 at 12:54 pm
I believe the lot will sell, I know there was another lot in Palo Alto that sold sometime in 2000 for 8 million dollars. I don’t think the Palo Alto market will have much of a downtown like the rest of the bay area, too many very wealthy people want to live near work and Palo Alto fits the bill.
The middle class can’t afford homes, even when working two jobs, so I have to agree that people are short on free time here. There is only a certain segment of the population that can afford a decent lifestyle here with or without a home.
February 15th, 2008 at 12:57 pm
RealEstater – to make that money in the BA in the first time you have to be a colossal crook. Seeing how dead tech is, yeah, I know some people made big money in tech if they got in in the 1970s or at latest the early 80s. But tech’s dead now. The money’s in crack dealing, immigrant smuggling, snuff films, something, and then laundering the $$ well and telling everyone you work for Sun or some such lie.
And if you’re livin’ la vida loca, selling your crack or 11-year olds or whatever you’re doing, why leave the BA? Where the Chivas flows, and no one knows?
If you’re an honest hard working type, yeah, leaving the BA and having a farm, living around decent people in the Midwest would have too much of a pull, an honest person would leave the BA and go do that.
But honest people are toilet paper in the BA. I’m really beginning to think this “tech” BS is just a cover for a lot of really nasty stuff that really brings the money in.
February 15th, 2008 at 1:01 pm
“I don’t think the Palo Alto market will have much of a downtown like the rest of the bay area”
That is so correct. Bay Area is jsut one elongated suburb, no city any where in sight, ergo no downTOWN.
Oh wait, you meant no downTURN? yes, of course, and trees grow to the sky and prices go up to the moon.
February 15th, 2008 at 1:44 pm
Burbed – thanks for the props. Just glad to contribute something back.
FYI – the 660 sq ft shack on Homer in PA that you listed last week at $795k is now at $765k, better act fast.
February 15th, 2008 at 5:37 pm
If you think this is crazy you should see the $4mm weed garden in SF:
http://redfin.com/stingray/do/printable-listing?listing-id=296148
February 15th, 2008 at 8:22 pm
ex-sunnyvale-renter:
>>RealEstater – to make that money in the BA in the first time you have to be a colossal crook.
Are you referring to those who cashed out of the dot com boom and ran with the investors’ money? I’m sure Malcolm can share his experiences with you.
February 16th, 2008 at 10:12 pm
[...] here, but in Palo Alto, CA. Anyone know of any similar silly lots (plots) for sale in Dallas? Leave a [...]