July 30, 2009

Menlo Park house – 95% new!

414 OCONNOR St, Menlo Park, CA 94025 | MLS# 80848553
Menlo Park, CA 94025
Price: $1,299,400

414
Beds: 3
Baths: 2
Sq. Ft.: 1,677
$/Sq. Ft.: $775
Lot Size: 10,200 Sq. Ft.
Property Type: Detached Single Family
Style: Country English
Stories: 1
View: Neighborhood
Year Built: 1926
Community: Willows/O’Conner Area
County: San Mateo
MLS#: 80848553
Source: MLSListings
Status: Active
On Redfin: 216 days
Classic design. Totally remodeled (95% new)3 bedrooms w/ 2 full baths. Just a short walk to University Ave. shops & restaurants. Kitchen has granite counters & custom cabinets w/ professional stainless appliances. Open light & bright main living areas w/ patios off dining and family rooms. Spacious master suite w/ hipped ceiling & French doors lead to beautiful secluded garden. MenloPark schools

Finally, a property that makes Menlo Park proud to be a member of the Real Bay Area. $1.3 million with 3 bedrooms and 2 baths. Ahhhhhh.

What’s fascinating is that this place is totally remodeled and is thus 95% new. But if it were 95% new, wouldn’t you build a bigger place? Especially with this large lot? What gives?

And while we’re at it, what’s going on in this picture outside?

414a

The reminds me of the scene in Terminator 2 where Sarah has the dream about the playground that is covered in ashes. I mean, this is seriously creepy. Has the technological apocalypse happened already in Menlo Park? Has SkyNet finally risen out of the wacky projects in Palo Alto and started to terminate humanity?

I don’t know the answers – but I do know that you should feel pretty safe on this huge lot with French doors!

Comments (50) -- Posted by: burbed @ 5:26 am

50 Responses to “Menlo Park house – 95% new!”

  1. CB Says:

    My rule about Menlo Park is that if you can see Okeefe St in the map view, it’s actually EPA.

  2. Herve Estater Says:

    95% new = new layer of paint.

  3. nomadic Says:

    I second that, CB. I was going to say that in that ‘hood, it might as well be EPA.

  4. sonarrat Says:

    I see basketball courts!

  5. BobbyS Says:

    Buyer’s will fall for the absolutely lovely American style picket fence (which probably cost no more $100 to install but adds much more value to the house). Also note that the listing price has recently dropped by $499. What was once way overpriced is now a bargain. Plus the lot is massive and more houses can be built on it for rental income. I’d say the listing price is way too low and will sale for 100,000 over the asking price.

  6. BobbyS Says:

    I just realized that the house was built in the highly sought after “Country English” style. I’ve been to the English countryside and the houses there look identical to this one, except a little different. It will go for 200,000 over asking price. Living in this gem will be like living in the beautiful English countryside! Blimey!

  7. nomadic Says:

    Price dropped by $49,900, not $499.

    You’re right about the style though. English country houses look exactly like this, only different.

  8. Pralay Says:

    French doors lead to beautiful secluded garden.
    ———–

    Hmmmm. This is just behind the playground of German-American International School (on Elliot Drive). So I don’t know much “secluded” it is going to be in daytime unless there is freeway-like sound-wall there. How do you say “Keep quiet” in German?

  9. sfbubblebuyer Says:

    I would gladly pay $600k for this house.

  10. burbed Says:

    Sorry for the not-so-hot uptime. The memory usage of Burbed has nearly doubled since I upgraded to the latest version of wordpress recently. This is really eating into the resources I have allocated for the site.

  11. Guest Says:

    It was early 2009 that they decided to drastically slash the price.

    From $1,299,500 to $1,299,400.

  12. Alex Says:

    I offer 700K.

  13. UnrealAlex Says:

    Short walk to University Avenue means the homeless have a short walk to YOU.

  14. Kiki Says:

    Sorry, off topic,

    Does anyone know what justifies this $1/2 million price hike in 3 months?

    http://www.redfin.com/CA/Palo-Alto/2365-South-Ct-94301/home/1113345

    Is this a sign that the RBA market picking up? Is a quick flipping still vogue in RBA?

  15. sfbubblebuyer Says:

    You win, Alex! :D

  16. nomadic Says:

    Kiki, the April “sale” was the foreclosure. Structured Asset Mtg is the current owner. They’re trying to get their costs back, and maybe their was a second mortgage that got wiped out too. PropertyShark only shows a previous refi up to $1,099,500 so it’s kind of odd.

  17. nomadic Says:

    ugh – THERE not their…

  18. Real Estater Says:

    Kiki says,
    >>Does anyone know what justifies this $1/2 million price hike in 3 months?

    http://www.redfin.com/CA/Palo-Alto/2365-South-Ct-94301/home/1113345

    This house is part of the “high inventory” in “no longer desirable” Palo Alto. Buyers have plenty of choices these days.

  19. anon Says:

    Hey SV shopper is back!

    Indeed, there is plenty of overpriced real estate on the market.

  20. Pralay Says:

    Yes, SV Shopper is back with all his humoUr. And you know, he is a ex-“Manhatten” guy who misses Madison Ave.

  21. Kiki Says:

    Thanks, nomadic and Real Estater.

    I didn’t know foreclosures were sneaking up in Old Palo Alto.

  22. Real Estater Says:

    Pralay,

    Not even sure what you’re talking about. Looks like the clowns are back to their old games after getting fried by the latest economic data:

    GDP dip smaller than expected, recession easing

    Quote from article: “The recession looks to have largely bottomed in the spring,” said Joel Naroff, president of Naroff Economic Advisors.

    Sound familiar?

    Dow is now over 9100, and S&P 500 is closing in on 1000. Time for you to throw in the towels. You have been wrong on every thing you argued with me about.

  23. Real Estater Says:

    I think the past 6 months is a good demonstration of why some guys never have money, and spend most of their time wishing, hoping, complaining about the system, feeling sorry about their bad luck, bad timing, and attacking those who are more successful than them.

    The key is being able to stay ahead of the curve, and be receptive to different approaches. If someone is doing the complete opposite and achieving a better result, than it’s always worth looking into in my book. In this economy, some folks’ 401Ks have taken a bath, while others who seize on the right opportunities can be swimming in money!

  24. anon Says:

    First line in your article, excreter:

    “The economy sank at a pace of just 1 percent in the second quarter of the year, a new government report shows.”

    It is still shrinking, fool.

  25. Pralay Says:

    Not even sure what you’re talking about.
    —-

    LOL! Have some sense of humoUr. :)

  26. Pralay Says:

    GDP dip smaller than expected, recession easing
    —–

    The keyword is “smaller”. :)

  27. R Says:

    RE, what exactly are you saying? Anybody that listened to you and has purchased a home since 2004 had taking a beating financially. Even at 9000, the market is still +/- 30% below where it was a year ago. Even those that started buying back into the market in March are still nowhere near as well off as they were last year at this time. Unemployment is still at 10% and local real estate values are still 20-30% too high in desirable areas and falling.

    Are we closer a turnaround than we were in March? Of course, but the economy is still horrible and purchasing still over-priced and falling real estate is still a terrible investment that makes zero sense. I guess I don’t any reason to pop the champagne.

    Personally, I wish prices were back to normal. I would be buying. Unfortunately, that’s not the case, and all data suggests that it will be another 2-3 years before purchasing a house on the peninsula/”RBA” will make financial sense.

  28. R Says:

    BTW RE, what’s with the ! at the end of many of your sentences? Is this your way of conveying that your posts are satirical in nature? I don’t get it.

  29. Pralay Says:

    You have been wrong on every thing you argued with me about.
    ———

    I guess that’s why you had to take SV Shopper name and disown one of your two kids. :(

  30. Real Estater Says:

    R says,

    >>Anybody that listened to you and has purchased a home since 2004 had taking a beating financially.

    Anybody who did not buy RBA and kept their money in the stock market or most other investments would have taken a more severe beating. Hindsight proves that RBA was the safest place to put your money in the last few years.

    >> Even at 9000, the market is still +/- 30% below where it was a year ago. Even those that started buying back into the market in March are still nowhere near as well off as they were last year at this time.

    Do you recall the sequence of events? I sold my stocks and stayed in cash before the big drop happens. I warned everyone that there was a fire in the theater and it’s time to get out. After the big dropped happened, I said it’s a “no brainer” to buy into the dip. Then I announced that Q1 of this year was the bottom. All along the way, there were a couple of idiots who were fighting me on all these points.

    >>Unemployment is still at 10% and local real estate values are still 20-30% too high in desirable areas and falling.

    Unemployment is a trailing indicator. As long as you have a job, it is the same as 100% employment. In fact , it’s a good opportunity to get in the market when others are sidelined with injuries. Prices high in desirable areas shows that those are the best places to put your money.

    >>Personally, I wish prices were back to normal. I would be buying.

    That’s why prices will never be back to what you consider as “normal”. Imagine, if the prices drop that much, the floodgate would be opened and everyone would be buying. Demand would increase drastically pushing prices right back up. Now is the respite you’re looking for.

    >>BTW RE, what’s with the ! at the end of many of your sentences?

    Many as in 1?

  31. Real Estater Says:

    Pralay,

    Is this another of your conspiracy theories? What proof do you have? There’s been a long history of you attacking anyone who disagrees with you, and then associating that person with me.

  32. Pralay Says:

    Do you recall the sequence of events? I sold my stocks and stayed in cash before the big drop happens.
    —–

    How come SV Shopper is not talking about his “Manhatten” apartment?

  33. Pralay Says:

    Is this another of your conspiracy theories? What proof do you have?
    —–

    All proven in that thread. Summarized well by mike.

    Anybody here believes that RealEstater wasn’t SV Shopper? Raise your hand.

  34. Real Estater Says:

    Pralay says,
    >>IP spoofing is very easy game.

    And Pralay is the expert at it. What’s up with this post? Did someone make a mistake while switching identities? Every time I pull up this page, my name and email address are pre-populated. There’s no way to “make a mistake”.

  35. Pralay Says:

    Imagine, if the prices drop that much, the floodgate would be opened and everyone would be buying.
    —–

    Floodgate? Similar thing was said by you in last November. But yet, there are 20% “real drop” by your own admission.

    You were dreaming about “floodgate” more than a year now.

  36. R Says:

    “That’s why prices will never be back to what you consider as “normal”. Imagine, if the prices drop that much, the floodgate would be opened and everyone would be buying. Demand would increase drastically pushing prices right back up. Now is the respite you’re looking for.”

    Apparently you don’t know what “normal” means. Normal means in line with historical prices, not below. That is my and most people’s definition of normal. It takes two seconds of looking at price charts, rent multiples, and income to price levels to determine that we have not fallen back to normal. Why do you think prices are falling? As soon as prices fall back in line with fundamentals, prices will stop falling. Not until then.

    Due to the economy, tightening lending standards, and people’s perceptions about real estate, I actually think we’ll fall below trend line, but reasonable minds could differ on that. Reasonable minds can’t differ on the fact that prices are still 20% + too high in most areas on the peninsula.

  37. Pralay Says:

    And Pralay is the expert at it. What’s up with this post? Did someone make a mistake while switching identities?
    —–

    LOL! Switch identity? The post you showed has name identity “Pralay”. Switching gravatar is not switching identity.

    So what’s your point? Do you think that by attacking me you are going to prove that you were not SV Shopper? :)

  38. DreamT Says:

    I’ll readily concede RE made a few well-timed calls on the stock market and knew better than most if not all the other posters. Unfortunately that does not mean his advice to buy in his zip right now is a good one (I personally think it’s a bad advice). As for safest place to put your money in the past few years, wouldn’t that have been a CD? Since RE chose to use the word “safe”.

  39. burbed Says:

    Hey guys,

    Let’s chill out on the accusations here.

    Pralay is Pralay
    Real Estater is Real Estater
    SV Shopper is SV Shopper

  40. R Says:

    I agree that buying in March in retrospect was a good idea, but I think many, including myself, invested some into the market in March and since. I actually generally agree with RE’s stock approach, basically dollar cost averaging from what I can tell (not exactly revolutionary). However, like you state, advising to buy after the stock market is down 50% doesn’t make up the repeated “buy,buy, buy” manta when it comes to real estate. RE has urged everyone and their mother to buy since I started reading this blog. Those foolish enough to have listed to him (or any other realtor) have taken a drubbing. And it isn’t done yet.

  41. anon Says:

    and anon is nobody!

  42. R Says:

    R is R, except when he’s not.

  43. DensityDuck Says:

    Take it from me: burbed knows when you’re using someone else’s handle.

  44. Herve Estater Says:

    Pralay is Pralay
    Real Estater is Real Estater
    SV Shopper is SV Shopper

    But the real question is: which one is burbed? :-)

  45. DreamT Says:

    Herve is burbed!!

  46. Herve Estater Says:

    > Every time I pull up this page, my name and email address are pre-populated.

    Tools -> Options -> Privacy -> uncheck “Remember what I enter in forms and the search bar”

    You were right all along: you are an average tech guy.

  47. Herve Estater Says:

    > Herve is burbed!!

    I must admit I never thought I would be outed by the San Francisco Chronicle.

    Just kidding, I’m not burbed… yet. Planning a possible hostile takeover before this baby goes IPO though ;-)

  48. DreamT Says:

    will regular posters get preferred stocks?

  49. Herve Estater Says:

    > will regular posters get preferred stocks?

    No, but preferred posters will get regular stocks.

  50. DreamT Says:

    I regularly prefer preferred.


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