$1174 per square foot house in Palo Alto
746 Homer Ave, Palo Alto 94301
$775,000
* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1926
* Lot Size: 1960
* Square Footage: 660
* List Date: 4/3/2008
* Garage Spaces: 1
* MLS#: 789008Absolutely adorable cottage with gorgeous landscaping! Deck with built in hot tub, new lawn, gorgeous slate entry, wood floors, remodeled kitchen with corrian counters and cottage style cabinets, gas stove, fresh paint, and period details.
Thanks to Burbed reader Ross for this find. At $1174 per square foot, this Palo Alto house proves that everything is just fine in the Real Bay Area. Bubble bursting my ass. You’ll be lucky to win this house at
$775,000! I’m guessing it will clear an easy mil. Why?
Two words: period details
That’s right. This house showcases the best that the 1920’s had to offer. Just look at them in this photo. Oh wow! I feel like I’m in the 1920’s right now! It’s roaring! Roaring! And unstoppable just like the 1920’s!
May 7th, 2008 at 8:57 am
3/4 mil for a place on Homer, not the greatest neighborhood, where you can rent an equivalent apartment from several places for say $1500 a month? Cottages are available in that area for less, really, $1000 a month and a clean criminal record and the ability to keep the garden up will get you a choice of many cottages in that area, all very nice.
I like that area and may well find some place to live around there when I return. But I’m pretty sure by “community center” they mean the feeding center for the homeless that’s there.
May 7th, 2008 at 10:43 am
thats so awesome. the property tax alone at that price will exceed $1000.00 a month. what a mother$#DF$! good deal.
May 7th, 2008 at 11:20 am
It looks like it’s in the middle of a block.. there are 2-3 houses on every side between it and any of the main streets, and there’s a traffic circle in the middle for common access. Very old-world.
May 7th, 2008 at 11:39 am
Even with recent price weakness (OK, expect in PA, MV, LV, Cup.), tax credits & low rates, it’s still cheaper to rent than to buy in Silicon Valley
http://www.viewfromsiliconvalley.com/id412.html
Thanks!
May 7th, 2008 at 11:52 am
Want a better one, here it is:
http://www.redfin.com/CA/Cupertino/10220-STERLING-Blvd-95014/home/1106801
The house currently has no PG & E; sink and toilet been removed
Originally listed for 950K!!!
May 7th, 2008 at 2:40 pm
#5, boy that is some crazy nuts, talking about seller getting insulted these days, how about buyer being insulted all the time. Here is one that is on sale a couple of houses down for under 800k:
http://www.redfin.com/CA/Cupertino/10308-STERLING-Blvd-95014/home/1416045
Also anybody want to bet how much this one on Loree finnally got sold? Look at its price history (listed for a year):
http://www.redfin.com/CA/Cupertino/18624-LOREE-Ave-95014/home/1830581
May 7th, 2008 at 3:25 pm
Also anybody want to bet how much this one on Loree finnally got sold? Look at its price history (listed for a year):
———
Short sale in Cupertino! You got be kidding! This listing got to be a fake one by housing-bubble sites to make RBA look bad. Subprime, Alt-A - those are non-RBA thing.
May 7th, 2008 at 3:35 pm
Clearly $1174/sq ft is either Real Bay Area or what irvinehousingblog calls the “Wishing Price,” as opposed to the Asking Price. Because you can Wish for that amount all you want, but you are not going to get it.
The house is sold. Now, riddle me this, Batman. Why did this house in the RBA sell for $46,000 below the Wishing Price?
And take a look at the aerial map - a whole bunch of tiny landlocked lots. I did not realize that Palo Alto allowed people to cut their lots into 1/3 size parcels. Are they flag lots? Do you need your own jetpack to get to your front door? Is this 1926 place actually The House Of The Future, Today? And really, shouldn’t the lot size be bigger than what year it is Today?
rick, those are two interesting properties! The one on 10308 Sterling has an interesting typo in it:
Not only is in a neighborhood of thousand dollar and no cents homes, but it’s an As-Is sale with Pergranite (no steel mentioned so no Pegraniteel). Sorry, the kitchen doesn’t have a high enough mineral content.
Best school district my million dollar Sunnyvale shack. It’s Hyde Middle, Cupertino High, and Sedgewick Elementary — those are not (snicker) Real Cupertino Schools. They are merely schools that happen to be in the Cupertino School District and house that happens to have a Cupertino address. It’s in Rancho Rinkydinky for heaven’s sake!
That place on Loree (just a few blocks away and also not Real Cupertino Schools) is now asking $120,000 less than the last sale in August 2006. Does this mean that Cupertino is no longer part of the Real Bay Area? Or just Rancho Stinko-Nada?
AnonyMouse, another free house with lot purchase!
May 7th, 2008 at 3:44 pm
Why did this house in the RBA sell for $46,000 below the Wishing Price?
———
Undesirable.
May 7th, 2008 at 4:40 pm
Ack, I misread it. The sale was on 5/18/2007 for $729,000. The MLS listing is removed. There seems to be a change in how redfin lists properties now, even searching for a pending listing often doesn’t find them. Houses that I know are waiting for close no longer show up on searches. I have found pending listings, but most of them just vanish now.
So it could have been withdrawn, but I suspect it’s pending. Any guesses as to the price?
May 7th, 2008 at 5:13 pm
Madhaus, too bad RenterBob does not want to live in Cupertino, otherwise I am sure the Loree house will be gone with price of 1.1m by now.
May 7th, 2008 at 5:17 pm
Just heard on the radio today, San Francisco avoided 500 teacher getting pink slip because funding is not as bad as thought (Gee they suddenly found money under the carpet).
And Vallejo is officially bankrupted, and the police union leader claims the city actually still have a lot of money (under the carpet I guess).
Probably that is why bare lots worth more than houses these days, you never know what you dig up with.
May 7th, 2008 at 8:12 pm
This price is easily explained. It IS in the RBA, afterall. I mean, check this out:
http://www.creeksiderealty.com/median.htm
What? I thought the Valley was tanking? What’s in these segments? Why, good question!
http://www.creeksiderealty.com/bay_area_real_estate/2008/summary/5may.htm
Woot! RBA lives! Spring bounce? It’s ALWAYS a bounce for RBA!! Keep on truckin’ Real Estater! Explain THAT, Schiller!!!
Cheers,
Steveo
May 8th, 2008 at 8:51 pm
Can someone explain the sales history of 10220 Sterling to me?
Aug 26, 1988 $180,000 —
Aug 29, 1995 $75,000 -11.7%/yr
Jul 08, 2003 $490,000 27.0%/yr
Jan 24, 2006 $140,000 -38.8%/yr
May 8th, 2008 at 8:51 pm
Can someone explain the sales history of 10220 Sterling to me?
Aug 26, 1988 $180,000 —
Aug 29, 1995 $75,000 -11.7%/yr
Jul 08, 2003 $490,000 27.0%/yr
Jan 24, 2006 $140,000 -38.8%/yr
May 8th, 2008 at 8:52 pm
Whoops, sorry about bad formatting there.