Proof that real estate market is booming in the Real Bay Area
1308 ISABELLE Ave, Mountain View, CA 94040 | MLS# 80926709
1308 ISABELLE Ave Mountain View, CA 94040
Price: $998,000
Beds: 4
Baths: 2
Sq. Ft.: 2,066
$/Sq. Ft.: $483
Lot Size: 0.35 Acres
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1953
Community: Miramonte
County: Santa Clara
MLS#: 80926709
Source: MLSListings
Status: Pending Without Release
On Redfin: 12 days
Walk lot directly; appointment only for seeing inside of house. Huge 15,000 square foot lot in great neighborhood with a house that needs some TLC, but has hardwood floors, real plaster walls, good space. A rare sized deep lot for this area of Mt. View, close to the Los Altos border. Los Altos/Mt. View schools. Make sure to see behind the house – lot goes way back!
Do you need any further proof that the real estate market is booming, on fire, hot hot hot in the Real Bay Area after seeing this?
$998,000 for a tear down… on the market for 12 days and then pending without release.
Now, granted this is .35 acres, which is definitely a selling point – but it’s astounding isn’t it.
Liquidity is definitely flowing, people are definitely buying.
If we all cross our fingers, 2009 might just turn out to be a normal year of 9% year over year growth. Let’s hope!
July 1st, 2009 at 5:58 am
The person who bought this must be insane. They could have left the Bay Area, gotten a palace for $600k, a plasma TV for each room, his/her matching S-class Benzes, and still had money leftover.
July 1st, 2009 at 7:03 am
Taxable Value
Land $37,268
Additions $47,119
Total $84,387
Tax (2008) $1,150
Mr Buyer, the city of Mountain View salutes you.
July 1st, 2009 at 7:32 am
This listing has the excellent realtor misdirection of saying “Los Altos/Mtn View schools”. True, it’s LA/MV High district. But it’s MV elem, which is not quite what LA elem is.
July 1st, 2009 at 8:05 am
That’s a rocking deal for under a mil. I’ve lived in places on a quarter-acre and half-acre, then looked at places on 2500 and 5000 square feet and it felt like an apartment by comparison. You never want to go back once you’ve experienced that kind of space.
July 1st, 2009 at 9:01 am
I wouldn’t call it a rocking deal, but big lots are awesome. However, I assume whoever is buying this is going to ruin it by splitting it into a flag lot and regular lot. Or even three lots! Man I hate that. All the large lots eventually get swallowed by developers who crap out postage stamp sized lots by the dozen.
July 1st, 2009 at 10:19 am
Oh….
Don’t it paint my dead grass….
Don’t it paint my dead grass….
Don’t it paint my dead grass….
GREEEEEEEEEEEEENNNNNNNN!!!!
July 1st, 2009 at 10:29 am
Billy Mays (RIP) was marketing a spray can of green stuff that was supposed to have fertilizer in it that looked suspiciously like plain old green paint. It was the one episode of “Pitchmen” I happened to watch.
You’d need a whole case for this place.
July 1st, 2009 at 11:55 am
I saw that episode, too. Billy Mays (R.I.H.)((Rot In Hell)) and the other guy were doing the test marketing on it and everybody said “Smells like spray paint.”
I kept thinking “maybe because it IS spray paint?”
My favorite is the scalp spray paint. At least Billy had the decency to not shill for that.
July 1st, 2009 at 1:16 pm
Wanted to update you guys on homes I looked at. Haven’t been looking lately.
http://www.redfin.com/CA/Berkeley/1078-Keith-Ave-94708/home/703053
This one was a 2/1 fixer 1076 sqft house in Berkeley Hills. It was listed at 265k, later selling for $180,000.
http://www.redfin.com/CA/Sunnyvale/1373-Torrance-Ave-94089/home/582029
This one was listed at $200,000 which some of you thought was too high. Well, they held an open house, and changed the price to $450,000. Realtors should be sued for these actions just as businesses are.
July 1st, 2009 at 2:27 pm
Brian, why those houses are listed way under their neighborhood price? Tier down?
The second house is like a construction site, the first one bought at May 27, 08 then probably foreclosed/short sale on Nov 27, the current owner did fight for 1 1/2 years (or he is kicked out long before, and it takes that long for the bank to put it up for sale).
July 1st, 2009 at 6:55 pm
OMG what is a tier down, rick? I know it’s just a typo, but its a damned funny one. Just think of the Case Schiller SF housing index and its three tiers. So this house moved down to the bottom one, and the realtard promptly jacked the price up?
July 1st, 2009 at 9:17 pm
Rick,
The first one was a condemned property, big time fixer but something that I thought was a steal considering the neighborhood. The property had written on it “DO NOT ENTER! DANGEROUS!” Outside of possibly the framework and the foundation, I assume everything was a tear down. Might have had foundation issues or mold.
If anything was salvageable, it was still a great deal considering the price of land. Getting it for 85k less than listing price was phenomenal work by the investor. I was thinking of putting an offer in the place a while back but I simply don’t make enough money.
The second one was bait and switch. They advertised 200k, had an open house, and then changed the price to 450k. I should sue this Realtor for these practices.