Second Life house for sale in Mountain View
MLS-2.com: Property Details
148 COLLEGE, Mountain View,CA,94040 - $995,000
4 Beds 1873 Sq.Ft. Aprx. 1 Car Garage MLS#: 760021
3.0 Baths Unspecified Lot Size 50 Yrs Old Aprx. List Date: 2007-10-28What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”
Existing 1100sq.ft home sitting on 2 lots in mountain view w/approved plans to build (2) 1873 sq.ft 4 bedroom, 3 baths single family residences. Architectural Plans and City approvals. Homes have been Architecturally designed with good Ch’i. The homes are well appointed, 4 bedrooms, 3 baths and a full basement with media room and bedroom. All information provided by seller; buyer must verify.
That’s right - you give the seller $1 million, and in exchange you’ll get a 1100sqft house on 2 lots that’s not pictured. And you’ll get this AMAZINGLY rendered photo of a house for free. Think of it as 2 for 1: a 1100 sqft tear down, and a house in Second Life!
After all this is Silicon Valley. What does it matter what your house looks like? Aren’t you always online anyway? It’s all about the VR baby!
Excuse me while I brush up on my VRML.
March 28th, 2008 at 6:14 am
That house looks super nice.
March 28th, 2008 at 7:16 am
Looks better than ‘first life’ Mountain view houses.
March 28th, 2008 at 8:05 am
Silicon Valley price reductions are definitely coming. Just look at the price vs. rents in,
“Ah…the joys of owning”
http://www.viewfromsiliconvalley.com/id402.html
Thanks!
March 28th, 2008 at 9:07 am
Sort of like staging, the owner is showing you the possibilities.
Anyways, if you don’t like pictures, take a look at this:
http://www.movoto.com/real-estate/homes-for-sale/CA/Palo-Alto/130-Rinconada-Ave-100_783935.htm
Kind of the same deal, except it’s in Palo Alto, which makes it more “special”. In this case the owner built 2 houses, one in the front and another one in the back. He’ll rake in close to $4 million after it’s all said and done. Now does the Mountain View house look like a good deal at just $1M?
March 28th, 2008 at 9:19 am
Silicon Valley price reductions are definitely coming. Just look at the price vs. rents in,
“Ah…the joys of owning”
http://www.viewfromsiliconvalley.com/id402.html
————
Why are you showing all these “USELESS DATA” and useless calculation? If the numbers do not demonstrate the “Pride of Ownership”, they are USELESS. Just ask RealEstater The Hitech Guy.
March 28th, 2008 at 9:50 am
I know I’ve seen that house! Just like that!! OK these kids ride around on scooters right? And in their town, there’s this giant HAND that is gripping a steam iron, and there’s steam everywhere that kind of encloses the town, and there’s always music …. that’s right, it’s in the Fooly-Cooly district!
March 28th, 2008 at 9:55 am
I’m going to run right out and get imaginary financing for an imaginary down-payment for this imaginary house!
March 28th, 2008 at 9:58 am
Oh, and don’t forget that “this home has been Architecturally designed with good Ch’i”. Another bonus!
March 28th, 2008 at 1:03 pm
You know, some day we will all look back on this and laugh. Although some will cry assuming they were stupid enough to buy.
March 28th, 2008 at 1:21 pm
Oh my! If you look in the windows there, you can see a couple of Sims makin’ out!
March 28th, 2008 at 9:39 pm
Ch’i always does it for me…..
March 29th, 2008 at 8:23 am
VFSW’s website is interesting, but the analysis is a little off. He’s comparing 2008 rent to the cost of owning in 1984. Of course it looks favorable.
FWIW, if you look at monthly cost vs rent, owning has not paid off for many many years in silicon valley. I rented a house for $1800 in 1992. Worth probably $360k at the time. Plus interest rates were higher, let’s say 8.5%. So assuming 20% down, the mortgage was 288k. 24.5K of interest, plus $4k of tax (1.1%) IS 28.5K per year. Plus some maintenance. Plus the foregone interest on the down payment. Rent is $21.6k per year. It’s a no brainer to rent right? Except that in 2008 this house would now sell for around $900k. And if you sell, the gain is tax free. Plus the interest paid over the last 16 years was tax deductible. So it’s not really that clear cut.
It is true that the rent to price ratio is less favorable now, and I personally would not own real estate to rent out. But the rent/own calculation has not penciled out in favor of owning for years. Yet people buy. Some people prefer to own, some prefer to rent. Nothing is wrong with either preference.
March 29th, 2008 at 3:34 pm
burbed showcased a lovely house in Mountain View yesterday. Could I build the plans there instead? I think that street is more special than this one.
March 30th, 2008 at 10:52 pm
Both this one and the previous one are owned by investor/speculator. They tried to tear down and build a new one to sell, but market changed, now they are trying to unload as soon as possible. But who is the greater fool?
This one was bought in 2005 for $620K.
April 5th, 2008 at 6:12 am
[...] renting ever been cheaper than owning in the Bay Area? Second Life house for sale in Mountain View [Burbed.com] SiO2 Says: March 29th, 2008 at 8:23 [...]