Comments on: New custom home in Cupertino… sort of…

By: Pralay

Pralay — Wed, 08 Jul 2009 17:57:33 +0000

Man, they were in a real hurry to sell!
—-

Someone was slow to get “pulse of the market”.

By: nomadic

nomadic — Wed, 08 Jul 2009 16:59:07 +0000

Man, they were in a real hurry to sell! It isn’t marked as a short sale so at least we aren’t subsidizing it.

Still, what a difference 12 months makes, eh?

By: Pralay

Pralay — Wed, 08 Jul 2009 16:46:27 +0000

“Attractive price” in Palo Alto:

2715 Ramona

June 2008 sale price $1.8M
Currently listed $1.588M (pending after a price reduction)

By: gallileo

gallileo — Wed, 08 Jul 2009 16:34:09 +0000

Thanks everyone for your thoughts on the Handley Trail place.

By: BobbyS

BobbyS — Wed, 08 Jul 2009 08:42:16 +0000

A fugly house proclaiming to be in a good school district but actually being in a crapy one = diarrhea

By: BobbyS

BobbyS — Wed, 08 Jul 2009 06:22:50 +0000

Ugly is ugly no matter the location. A piece of turd on gold is still a piece of turd. A fugly McMansion in one of the best school districts is still a piece of turd.

By: nomadic

nomadic — Wed, 08 Jul 2009 05:42:28 +0000

Hey, I found this in a listing on Zillow. I don’t suppose they meant it the way I interpreted it…

Vaulted ceiling in the great room is especially fun when it rains.

lol

By: Herve Estater

Herve Estater — Wed, 08 Jul 2009 05:05:45 +0000

Speaking of view, here is one: http://www.2456hallmark.com

By: nomadic

nomadic — Wed, 08 Jul 2009 04:53:24 +0000

I don’t know the area very well, but for me the appeal of Emerald Hills would be the proximity to peninsula jobs and the character provided by a hilly area. A view adds some value for me.

By: sonarrat

sonarrat — Wed, 08 Jul 2009 01:25:38 +0000

Woodside I can understand. Really, I can. I’ll never be able to afford it, but I understand why. Not so Emerald Hills.

By: sfbubblebuyer

sfbubblebuyer — Wed, 08 Jul 2009 00:06:59 +0000

Sonarrat,

Emerald Hills is wanna be Woodside, without the long drive from Skyline.

Tragically, they don’t get the large parcels and redwood trees you get on skyline. I love it up there! Too bad they’re on on the same crackpipe as Emerald Hills.

By: Pralay

Pralay — Tue, 07 Jul 2009 23:30:11 +0000

but those people want $1.5 mil?
—–

But seller is not alone. Something else thinks it is worth even more: $1.7M.

By: sonarrat

sonarrat — Tue, 07 Jul 2009 22:16:40 +0000

I don’t understand Emerald Hills pricing. I grew up in a similar area in eastern Morgan Hill, and 20 years ago a large house was $400K. A house like the one on Handley Trail would have been about $500K. Now the house I grew up in is worth about $900K (and believe me, worth every penny), but those people want $1.5 mil? They’re out of their gourd.

By: nomadic

nomadic — Tue, 07 Jul 2009 21:18:59 +0000

sfbb – but the Zestimate says it’s worth $1.7M! LOL.

By: sfbubblebuyer

sfbubblebuyer — Tue, 07 Jul 2009 21:12:30 +0000

Gallileo,

That’s a house that would have sold 15 months ago for 1.2-1.3, and would move today at 1.0-1.1 and will probably go for 800k in 2 years when they finally catch up with the market.

By: Pralay

Pralay — Tue, 07 Jul 2009 20:35:48 +0000

it looks like a long-time owner chasing the market down
——–

I guess the seller did not get the memo for “attractive price”.

By: jbunniii

jbunniii — Tue, 07 Jul 2009 20:33:15 +0000

$1.5M and they post a sketch instead of photographs?!

By: nomadic

nomadic — Tue, 07 Jul 2009 20:10:05 +0000

galileo – it looks like a long-time owner chasing the market down. I don’t see any refi’s on PropertyShark, and the tax basis is $145k. Just someone trying to be greedy and market saying “uhhh no.”

I wonder if the realtard is a family member.

By: gallileo

gallileo — Tue, 07 Jul 2009 19:34:34 +0000

Off Topic–but perhaps one for Burbed:

Anyone know what is up with 645 Handley Trail in Emerald Hills? It has been on the market for over 16 months–at least that is when the realtor registered 645handleytrail.com.

Zillow (I know, I know) shows the price took a big jump when it was listed, and then has been steadily falling, and the agent keeps dropping the price.

Seems like a nice place from the pictures, is listing agent (or owner) just out of his mind?

By: SiO2

SiO2 — Tue, 07 Jul 2009 14:55:02 +0000

It’s fairly common for listings in the West San Jose section served by Cupertino Elem and Lynbrook High to be classified as Cupertino. There’s a little SJ peninsula sticking into Cupertino/Saratoga. It is odd that MLS lets the agent claim it.

Houses in this part of WSJ often cost more than the Rancho Rinconada part of Cupertino. Buyers are willing to pay a premium for Lynbrook High over Cupertino High. If Cupertino annexed as suggested, it would not make much difference. However if Fremont HSD reset the school boundaries there would be real changes in value.