December 26, 2008

A healthy $1025 per square foot house in the Real Bay Area

629 Kingsley Ave, Palo Alto, CA 94301 Professorville MLS# 80846292 – Property Details

$1,575,000

1474518556_629king

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1915
* Lot Size: 2500
* Square Footage: 1536
* List Date: 11/20/2008
* Garage Spaces: 1
* MLS#: 80846292

Heart,soul and style remain in this lovingly restored, expanded 1915 Cottage. Innovative design and finish work by master craftsman preserve the character and create one-of-a-kind quality, style and ambiance. What’s ?Old?-Its story, its charm, 3 ?wavey?-glass orig. windows, 1915 wood flrs, and its loc. w/in walking distance to Univ Av, Lucie Stern, Stanford etc. What’s ?New?-nearly everything else

Thanks to Burbed reader Herve for this find. What a fitting way to close out a joyous week such as this. $1.575 million. A healthy $1025 per square foot. It’s like the shining star on top of the Christmas tree. What a beaut!

Can you think of a better way to end the week?

God I love this season!

Comments (41) -- Posted by: burbed @ 5:31 am

41 Responses to “A healthy $1025 per square foot house in the Real Bay Area”

  1. sonarrat Says:

    I can understand this price for a unique property that has had a loving restoration. Anyone asking $1000+/sf for a run of the mill rancher these days ought to be shot.

  2. WillowGlenner Says:

    Very nice house except for the lot size which would be a showstopper for me.

  3. madhaus Says:

    Whoa, check out the pictures. #5 is giving me tunnel vision, and #9 means either the builder got sloppy or that’s a really, really, really wide angle lens with some serious keystoning.

  4. DreamT Says:

    burbed – the RSS feeds shoot once nightly, maybe you just need to reset the update schedule to be every minute instead? :)

  5. burbed Says:

    I think I figured out why this is – the main RSS feed sends a signal to feedburner whenever it is updated. However, the comments feed doesn’t – so it is on a pull basis. I’m not sure how to correct this just yet.

  6. anon Says:

    What a delightful blue collar home.

    Complete with greedy, out of their mind owners.

  7. Lionel Says:

    Nice tech-related thread on Mish:

    http://globaleconomicanalysis.blogspot.com/2008/12/when-chips-are-down-chipmakers-resort.html

  8. A. Lewis Says:

    That is exactly the kind of modest-sized 3/2 a lot of families are interested in. Now drop the price to 1/3 and a few people can even afford it.

    That’s silly. If you can afford a $1.5M home, how about something beachfront or with the best views. I mean something. And as Rocket showed – you can build twice the size for $1M.

    The restoration of an older home means something, sure – but not 1.5 million somethings.

  9. Lionel Says:

    Is this RE’s car?

    http://valleywag.gawker.com/5118652/a-six+figure-car-at-silicon-valleys-repo-man

  10. nomadic Says:

    happy holidays, everybody!

    madhaus, nice job on the gift exchange!

    a. lewis, have you figured out the mole/ground squirrel issue? If they are moles, try putting down something to kill the grubs in your lawn. If you kill off their food, they’ll usually go to the smorgasbord in your neighbor’s yard instead. :-) I don’t know what to use now that diazinon was outlawed.

  11. madhaus Says:

    Welcome back, nomadic, and thank you! And also thank you A Lewis for your kind words on the gift exchange.

    For those who missed it, it’s on the December 23rd thread. That was a pretty quiet time so a lot of folks didn’t see it.

    Tomorrow I am off to South Florida, the land of How Underwater Can These Places Go. I will try to check in when I can.

  12. nomadic Says:

    Have a good trip madhaus! Hey, could you pick us up a few condos as souvenirs while you’re down there?

  13. Herve Says:

    Reduced $100K.

  14. Herve Says:

    The listing has been modified on http://www.mlslistings.com and there is one thing I wanted to share with everyone:

    Come explore the history and the possibilities of this beautiful, affordable home in the heart of Palo Alto. And take our “History Detective” Challenge. Successfully history detectives who correctly identify the origins of a special table will have their names placed in a drawing for a gift certificate from Crate and Barrel.

  15. Herve Says:

    Reduced again. House is now listed again at $1,349,500 ($881 per sq ft).

  16. A. Lewis Says:

    Good work Herve – keep going with the follow-ups!

  17. Herve Says:

    Reduced once again. $1,299,000 now.

  18. Herve Says:

    Reduced one more time. Now $1,245,000. No downturn in 94301!

  19. Herve Estater Says:

    And again! Reduced to $1,100,000.

  20. madEstater Says:

    Herve, why are you being such a gloomy gus? Obviously this house isn’t in the Real Real Real Palo Alto. Either PG&E built some power lines, or CalTrans put in a freeway, or High Speed Rail started service last week, or the nearby soccer field got torn up by non-residents.

  21. nomadic Says:

    madhaus – on this one, the lot shrunk in the wash. It’s only 2500sf now. Must have been a micro-earthquake that swallowed up 2/3.

  22. madhaus Says:

    Are you sure, nomadic? Maybe the lot is the same size but they deliberately underreported it so the $ per square foot would look like a healthy RBA property. It’s like that trick where you pay extra transfer tax so future buyers think your property is worth way more than you actually paid. And if you want respect, it’s not enough to live in RRRRRRRRRRRBA. You have to have the most expensive house on the block… Or at least have people think you do.

  23. Herve Estater Says:

    > why are you being such a gloomy gus?

    I’m just trying to help our so-called real estate investor Real Estater, who is still looking for his 2nd property.

    > on this one, the lot shrunk in the wash. It’s only 2500sf now

    The original posting was already 2,500 sq ft. However the house lost 5 sq ft. It was in a pool! It was in a pool!

  24. nomadic Says:

    sure the original posting was 2500sf. I’m talking about when the current suckers owners bought the house. Must have been bigger. They couldn’t have been that delusional right? Right?

    ;-)

  25. madhaus Says:

    You misspelled bagholder.

  26. Real Estater Says:

    Guys,

    It’s a waste of time rejoicing over price drop on a property with 2500 sq. ft. lot size. This is like paying $3.3M for a house with 7500 sq. ft. lot size. It’s not cheap by any measure.

  27. Herve Estater Says:

    > It’s not cheap by any measure.

    It’s exactly my point. Which is why I sent that listing to our Emperor back in 2008.

    Anyway, what price do you think they should be asking?

  28. nomadic Says:

    Another interesting thing. It’s assessed for $575k but was purchased in 2004 for $649k. Looks like some people over there are getting their assessments reduced. (I wonder when this place was rebuilt – before or after 2004?)

  29. Real Estater Says:

    They should list it at $999K, and it’ll sell at $1.1M.

  30. Real Estater Says:

    nomadic says,
    >>I wonder when this place was rebuilt – before or after 2004?)

    Come on, man. Look at the house. It’s obviously built before you were born.

  31. DreamT Says:

    Come on, scantly-clad ponytail boy! Now put back on those diapers, presto!

  32. Pralay Says:

    And again! Reduced to $1,100,000.
    ——

    Oh, Herve! It’s just Holiday Season in reverse. Priced $1.5M in December and $1.1M in June. No downturn here!

  33. nomadic Says:

    Dude, you really need a reading tutor. From Herve’s new link:

    Delightful reblt & remodeled Craftsman cottage in Professorville. Cheery LR/DR combo w/ wdburning FP. Sunny kitch w/ granite counters 5 burner gas stove & wine storage…

    Unless reblt doesn’t mean “rebuilt?”

  34. nomadic Says:

    DT, can we keep my fetishes out of the discussion please?

  35. DreamT Says:

    it’s rebuilt as good as old!

  36. Herve Estater Says:

    > Oh, Herve!

    Calm down, would you? :-)

  37. Pralay Says:

    sure the original posting was 2500sf. I’m talking about when the current suckers owners bought the house. Must have been bigger.
    —–

    No, nomadic. 2004 was different time. et’s revisit this conversation (although it was Feb 2008, someone sounded like 2004ish) –

    Roberts: When we were house-hunting in 1999, there was a house for sale just south of downtown Palo Alto for $499K–the cheapest house in Palo Alto in months. We showed up at the open house, and found it absolutely mobbed. The house was a 1 bedroom 1 bath on a 3000 square foot lot. There was no way to expand it.

    RealEstater (post #8): Think of it this way, for way under $1M, you get the same environment, same schools, and same name as the guy next door who paid multi-millions! (post #9) Wow, don’t we all wish we could go back to 1999? You could’ve bought anything on Burbed and came away with big profit.

    Malcolm (post #10): That place is smaller than the first one bedroom I rented when I moved to the Bay Area 10 years ago! LMAO!

    RealEstater (post #15): It’s all about choice. If you cannot afford Palo Alto, you can still afford a small piece of it. Buying a small piece of something still better than not having anything, because at least you have a starting point on which to build equity and trade up.

    Just get a “small piece”, man! That’s what this guy did in 2004 – the owner of 629 Kingsley.

  38. Herve Estater Says:

    Good luck getting financing on such place anyway. Which bank is going to assess that to more than $1M?

  39. Herve Estater Says:

    Do you guys think 224 N California Ave is better?

    824 sq ft on a 1,800 sq ft lot. Offered at $798K. Walking distance to Caltrain station, Fry’s and farmers market.

  40. nomadic Says:

    That one is cool, Herve Estater! Like living in a real shanty town. Awesome. Cozy!

  41. Pralay Says:

    You can still afford a small piece of Palo Alto. You get the same environment, same schools, and same name as the guy next door who paid almost million!


Leave a Reply

Please be nice. No name calling, no personal attacks, no racist stuff, no baiting, etc. Let's be nice to each other in the true Bay Area spirit! (Comments may be edited/removed without notice.)