Best Deal in Mountain View real estate ever!
Reports
236 E MIDDLEFIELD RD
Mountain View (Mountain View) 94043
Detached Single Family (Class 1)
Bed/Bath: 1 / 1
SqFt: 480
Lot: 6,098 sq ft
Age: 81 years
List Price: $699,000
Assoc Fee:
Largest lot at this value price in all Mtn View; build your new dream home or remodel this one! RealQuest records show 50×125′ level 6,250 sf lot, 1.2 mi to Castro St, easy commute routes, shops, schools: Huff,Crittenden,Mountain View HS, buyer to verify.
Per RealQuest records: Approx 50′ wide x 125′ deep lot conveniently located about 1.2 miles to downtown Mountain View’s lively Castro Street. Close to Shoreline Amphitheater, shops, commute access to Central Expressway, highways 85, 237, 101, Light Rail and CalTrain stations. Remodel existing house or build your new dream home.
Compare to Rengstorff at $779K! This is the largest lot at this value price of $699K in all of Mountain View!
Buyer to verify.
Wow! What an amazing deal! With easy access to a 7-11 across the street, this house also is located near an area full of Superfund sites. Want to show off your Green Cred? Buy this house and help clean up the environment! You can probably start with your back yard:
Or, you could simply sit back and pretend that you live in rural West Virgina. Sure the noise from Middlefield Rd might ruin the illusion from time to time, but it’s nothing a few empties wouldn’t solve.
MGD for everyone! FREEBIRD!!!!!!!!!!!!!!!!!!!
March 27th, 2008 at 7:29 am
I rent a townhouse just a few blocks away!
Townhomes on the other side of the block are offered in the 500’s, and those are not moving. How did these people come up with 699? They must be on the drugs distributed by the dealers in front of 7-11.
Two or three of these shacks are grouped together on Middlefield across from a ‘lunch mall’. The planning in the neighborhood is the most bizarre I have ever seen. On one block, you have an office building, single family home and an apartment/condo complex. The house described here is way out of place…
The SETI institute is just down the street on Whisman, so you can report the strange lights and craft over Moffet Field as UFOs. And, of course, the old Netscape building is up the street. You can walk by and say, “Remember when only stock prices were over inflated? Those were the good old days.”
As far as Silicon Valley goes, the neighborhood is relatively safe. The drug dealers are discreet and keep to themselves. Only at designated times may you buy drugs near the 7-11. I do feel safe jogging at 9pm or 10pm. Also, the freeways are far enough away that you cannot hear them, yet easy access to 101, 237, 85, 280.
6 + 8?
March 27th, 2008 at 8:04 am
We eat at the Carl’s Jr right across the street and I’ve always wondered how much the wishing price on this hole would be. Now I know — what a sh!tshack. I mean priceless (literally it should be free to own), man just great.
The mexican joint across the street at one time had great nachos till someone from the peninsula bought the lady out and forked it all up after jacking prices way up. Haven’t been back since. Too bad, since seeing this house always brought a smile to my face.
Rob
March 27th, 2008 at 8:10 am
As usual a zero needs to come off of the price.
You could probably grow quite a nice garden in there, once you’ve determined how many squatters are living back there amongst the hanging sheets(?) and helped them settle in an abandoned tech building.
But as always, good fence, some good alarms, a good gun or three, and keep in training.
Take a zero off the price and I’ll chance it.
March 27th, 2008 at 8:20 am
people, 6000+ sqft thats a big ass lot. I guess the price factors in the fat lot right?
March 27th, 2008 at 9:02 am
6000sq ft is about average around here. Certainly not “big ass.”
I can see it go for 500K, maybe 550K. Tear down that house, build a brand new 3bd/2ba, and it could go for 900K.
Instead of the “the best deal in all of Mountain View,” it should read “the crappiest location in all of Mountain View.”
March 27th, 2008 at 9:10 am
Honestly, West Virgina a much prettier landscape than any place in Mountain View. Granted, they don’t have Google, or 100K jobs.
March 27th, 2008 at 9:20 am
Ok, it was last sold for 650K in 2006. So the current owners are trying the shove the same bullcr*p they were fed in 2006 onto another potential sucker.
They bought it cheaper than 699K. It it’s such a great deal at 699K, why don’t they build a new one?
March 27th, 2008 at 9:28 am
“Two or three of these shacks are grouped together on Middlefield across from a ‘lunch mall’. The planning in the neighborhood is the most bizarre I have ever seen. On one block, you have an office building, single family home and an apartment/condo complex.”
That’s New Urbanist thinking for you. If we combine commercial and housing then nobody will ever have to commute anymore ever! In practice, this means unsold condos built over top of unoccupied retail spaces.
*****
I get the feeling that many homeowners in the Bay Area are praying for the Big One to hit in the next couple of years. “Whoops, my secured-to-code water heater fell over and the gas line caught fire and the whole house burned down. Good thing I was insured for market value!”
March 27th, 2008 at 9:52 am
I thought this looked familiar. It’s near where my personal trainer lived (yes, past tense) and she warned me this was a somewhat sketch area. She mentioned there was some gang activity, and used to point out the grafitti ‘tagging’ when we’d go on our jogs around the neighborhood. She’s since moved uptown to Palo Alto, because, well you know, it’s more SPECIAL.
March 27th, 2008 at 10:15 am
Ok, it was last sold for 650K in 2006. So the current owners are trying the shove the same bullcr*p they were fed in 2006 onto another potential sucker.
————
Hey, home price doubles in every 10 years. Is asking for $49K above 10/2006 price too much? I don’t think so. It could have been listed for $799K. But the owner (and lender) is giving away this home, because there are too many people “Priced Out Forever” and they cannot think about their “investment options and opportunities” in correct manner. Therefore, this is the DISCOUNTED PRICE in Real Bay Area for those poor folks. 6250 sqft lot? That’s an ideal home for people who are deprived from “watering their lawns” for such a long period of time.
March 27th, 2008 at 10:16 am
> Good thing I was insured for market value!
Bzzt. Homeowner’s insurance only covers the cost of the house, not that land, so that means the insurance covers maybe 40% of the total purchase price if you’re lucky.
Not to mention the insurance companies (and mortgage company) tend to be a bit careful about handing checks to homeowners.
So don’t cut those water heater straps just yet…
March 27th, 2008 at 11:03 am
Everyone know’s Zillow’s Zestimate is pricing marginal Bay Area places much too highly. And the Zestimate on this palace is $507-626K.
Whoever paid $650K for this and is expecting 12.7%/year appreciation needs to read today’s NY Times.
March 27th, 2008 at 12:04 pm
Guys, doubling every 10 years is not that crazy. It’s roughly 7% annual increase. It’s quite comparable to other classes of assets.
I don’t have the data, but I think some other areas have actually been increasing faster than the bay area (Seattle?). We’re not really that “special” in terms of price increase, we’ve just always been higher than the rest of the country. I don’t really know how far back that goes. Anybody have long term housing price data for different regions?
March 27th, 2008 at 12:10 pm
>That’s an ideal home for people who are deprived from “watering their lawns” for such a long period of time.
I am sure that’s an ecstatic experience. Because of Burbed’s requests, I will keep it civil. Otherwise, I was thinking of asking how RE felt when he first watered his own lawn.
Coming back this house, based on PropertyShark info, this was indeed the second home a.k.a. “an investment property” of current owners.
March 27th, 2008 at 12:40 pm
A 6k square foot lot isn’t really that big (1 acre is close to 44k square feet). Wake me up when I can get at least a half-acre lot that’s zoned R2 or higher for $700k in Mountain View.
March 27th, 2008 at 1:03 pm
Guys, doubling every 10 years is not that crazy. It’s roughly 7% annual increase. It’s quite comparable to other classes of assets.
————-
You are insane! Can you “water your lawn” with “other classes of assets”? Therefore you cannot compare home with other classes of assets. Home is THE BEST investment. Period. “Watering lawn” is only part of why this is the best investment. Didn’t you see the earlier blog in burbed.com?
http://www.burbed.com/2008/02/11/five-reasons-houses-beat-stocks/
People who buy home always end up becoming winner. Renters are losers. For example, read this news article. She may be living on foodstamps, but at least she can “water her lawn”.
http://www.cnn.com/2008/LIVING/personal/03/27/foodbank.family/index.html
March 27th, 2008 at 1:31 pm
> Guys, doubling every 10 years is not that crazy.
> It’s roughly 7% annual increase. It’s quite
> comparable to other classes of assets.
Home price usually goes along with inflation, employment and median salaries.
Only the value of land can appreciate depending on the location.
A home built on top can depreciate with age, depending on the quality of its maintenance. Some people may choose vintage home, like vintage cars.
The price, anyhow, cannot exceed buyers’ ability to pay.
Oops, I forgot to mention two important factors. They are ultra low interest rates and presence of NINJA loans. Presence of these two increases the number of potential buyers, which drives up the price.
March 27th, 2008 at 1:52 pm
I wonder if that’s the 7-11 that used to have a Ham Radio weirdo on his bike, patrolling around and calling in the cops?
Most of mountain view is chill, really. Drug dealers are even chill, if you leave ‘em alone. I’d rather see them all go out of business due to education and lack of demand for their products, but such is life I guess.
Any place in the BA with few exceptions is safer to jog than around here, guess I gotta start doing burpees (AKA the humble squat-thrust).
Goddamn that fucking math problem is a pain in the ass.
March 27th, 2008 at 2:04 pm
There - I got rid of the math problem. Now you simply need to enter a character to pass the test.
March 27th, 2008 at 6:11 pm
cool, now i can get that spammer script to work again.
March 27th, 2008 at 8:24 pm
Do NOT buy this house. Read the article in today’s SF Chron. stating “Life Span Linked to Your Wealth” (aka where you live) and you’ll understand why:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/27/BUC0VPO45.DTL
March 28th, 2008 at 9:51 am
Spam, tasty spam ….. bot away, it’s always a Y!
March 29th, 2008 at 9:19 pm
Why would anyone spend almost 700k to live next door to a gas station?
March 29th, 2008 at 9:31 pm
Why would anyone spend almost 700k to live next door to a gas station?
So you can walk to work.
June 11th, 2008 at 5:06 am
[...] Does this look familiar? It should! This was on Burbed just a few months ago: [...]