$1,355 per square foot house in Palo Alto - normal!
2375 SIERRA Ct Palo Alto, CA 94303
Price: $1,199,000
Beds: 3
Baths: 3
Sq. Ft.: 885
$/Sq. Ft.: $1,355
Lot Size: 7,620 Sq. Ft.
Age (Years): 58
Year Built: 1950
Type: Detached Single Family
Stories: 1 Story
View(s): Neighborhood
Neighborhood: Green Gables
County: Santa ClaraMust see. Move in condition. Live in exisitng or build your dream home. Cul-du-sac. Nice neighbourhood. Easy access to freeway. Close to midtown. No sign, no lockbox. Sellers are moving out of town & want quick close. “AS IS” Sale. Open house Aug 9 from 1.30pm to 3pm. Still accepting offers.
Burbed reader Michelle originally sent this to me at the end of July, but I missed it (junk mail folder woes.) Here’s what she had to say then:
Take a look at this gem, new to the market. Priced for 34% appreciation in 36 months!
Crappy part of Palo Alto and “just” $1242/sf on a small-ish lot. The buyers will have to act fast – offers are due this Tuesday. Time for all of those bids to rush in. (And I have to wonder, if the realtor says this place is “move in condition” then maybe he/she is color blind.)
Guess what Michelle! It looks like you should’ve bought it back then because the price has already appreciated an additional 9% since it was listed. Damn! Ouch!
Besides, is this really so bad?
The TV mounted over the stove gives it a certain retro-bling feel. Plus, these are Palo Alto schools!
Honestly, if you’re interested in this house you’d better buy it ASAP. Otherwise, I can easily see the sqft appreciate another 9% by the end of the month. This is Real Bay Area Prime Platinum. Better quick on the draw!
August 20th, 2008 at 7:32 am
The orginal lower price was because they set a 7-day deadline for all offers. They expected this to receive multiple bids when it was $100k less!
Funny.
No, sad.
Guess they figured they better raise the price so they wouldn’t have to sell so low! What would the neighbors think?
August 20th, 2008 at 8:31 am
Perfect burbed ad. Another one of these houses where you see the house, then the price, then ask yourself:
” You’ve got to be kidding… right?
August 20th, 2008 at 8:41 am
3/3 in 885 sq ft? No wonder the TV is over the stove, only place to fit it. All that for a cool 1.2 mil. What would that rent for 8K a month? If so you could be at rent parity.
August 20th, 2008 at 8:43 am
Ah, its relisted as 1100 sq/ft. Now its a bargain.
August 20th, 2008 at 8:52 am
I bet that TV is all greasy from all the food being cooked below it. If we were to compare rent to own, you could probably rent three and a half houses for the cost of buying this one. But its sooooo worth it… right?
August 20th, 2008 at 10:36 am
I drove by that house on the way to Fry’s the other day. By which I mean I saw it from the offramp from 101SB to Oregon Expressway.
August 20th, 2008 at 10:37 am
…which means the house is Instantly accessible via freeway. Talk about convenience!
August 20th, 2008 at 10:51 am
Take a right on St. Francis, right on Embarcadero Rd, and you’re on the freeway.. I mean, I suppose it is on a cul de sac, so that’s worth something. It’s not worth $1050 a square foot though. I’m sure it will sell briskly -if- they’re willing to take a lowball.
August 20th, 2008 at 12:55 pm
So you can listen to the freeway noise and convince yourself you’re really hearing the roar of the ocean surf, huh? You can get the same effect for much less at Gable’s End.
If you really want Palo Alto schools that badly, rent some studio on El Camino instead of buying this crackerbox.
August 20th, 2008 at 4:19 pm
It has indeed expanded to 1,100 square feet, so it’s really only $1,090 per sq ft now….. If it keeps expanding like this, it’ll be a bargain within a week…..
August 20th, 2008 at 4:41 pm
Just head over to OSH and buy their biggest tool shed, bolt it onto the side of the house, cut a hole through both walls, presto! 1250 square feet!
August 20th, 2008 at 5:51 pm
You forgot the last step, madhaus. Paint the walls magenta.
August 20th, 2008 at 6:40 pm
Looks like I can easily make a driveway from the backyard and merge into 101-S ramp. I am sure CalTrans won’t mind.
August 20th, 2008 at 7:42 pm
This house says ‘Just testing waters’ written all over it.
August 20th, 2008 at 8:37 pm
> Sellers are moving out of town & want quick close
Huh? Are they serious?
August 20th, 2008 at 9:03 pm
They’re ready to sell their property for far more than its worth NOW.
August 20th, 2008 at 9:09 pm
Herve - that’s kind of like how bank robbers want a quick getaway.
They’re trying to make a 46% profit during the largest decline in the market in decades, for pete’s sake.
RE - are you out there? Care to tell me why I’m wrong to find this incredible? Maybe if you talked them down to “just” a million it could be your “investment?”
August 20th, 2008 at 9:13 pm
Motivated seller, with balls.
August 20th, 2008 at 9:52 pm
The walls look edible to me
August 21st, 2008 at 5:41 am
[...] yesterday we saw what $1.2 million buys you in the Bay Area’s best school [...]
August 21st, 2008 at 8:39 pm
2327 Sierra Ct is also for sale, but for $928K.
3/1
1,105 sq ft house
10,009 sq ft lot
Buying that one is like admitting you are poor and cannot buy 2375 Sierra Ct for $271K more. Do you want your friends and co-workers to know you are poor? What kind of respect would you get? 94303 is not the Real Palo Alto anyway so why bother? And crime is rampant.
August 21st, 2008 at 9:24 pm
Hey, my alter ego posted a comment there! On second thought, maybe it was my taunting self.