Build your own compound in East Palo Alto
It’s East Palo Alto week!
800 WEEKS St, East Palo Alto, CA 94303 | MLS# 80840024
800 WEEKS St East Palo Alto, CA 94303
Price: $848,000
Beds: 3
Baths: 1.5
Sq. Ft.: 1,780
$/Sq. Ft.: $476
Lot Size: 7,386 Sq. Ft.
Property Type: Detached Single Family
Stories: 2
View: Neighborhood
Year Built: 1930
Community: East of U.S. 101
County: San Mateo
MLS#: 80840024
Source: MLSListings
Status: Active
On Redfin: 304 days
A piece of elegance on beautiful tree-lined street. Stately 2 story home part of new subdivision. Charm and class galore. Kitchen remodelled in 2008, carpet 2008. Bonus room on first floor. Formal dining room, fireplace. Lots of space! Exciting one of a kind property. Price includes 3 subdivided lots (approx. 1/2 acre) Live in house while you build a compound!!!!
Thanks to Burbed reader Herve for this find as well!
Wow… the price includes 3 subdivided lots so you can build a compound! Just call it “The Green Zone”!
Let’s take a look at this beautiful tree-lined street shall we?
Well, you certainly can’t argue that there aren’t any trees there!
And look, the neighborhood really is picking up – there’s new houses all abound. Once you complete your Estate, your pride of ownership will soar as all your neighbors will drive by everyday, looking at your palace, and going home to their dinky little house.
Sounds like a plan to me!
August 25th, 2009 at 8:39 am
Deja vu.
Ah, here’s the discussion:
http://www.burbed.com/2009/08/04/lifestyles-of-the-rich-and-famous-east-palo-alto-edition/#comment-49553
August 25th, 2009 at 8:43 am
I know, but to be fair I sent this listing to burbed on August 4, one day before this discussion
August 25th, 2009 at 8:49 am
I like the pricing history. Talk about optimism! Start at 500k, slowly lower to 390k, then suddenly jump to 850k! EPA is BACK BABY!
Non-tongue in cheek comment :
It looks like the developer realized he’d never see a dime on building the last 2 lots and is now praying that including them with this house he can unload the whole shebang before he goes bankrupt.
Here’s a hint. If nobody wants to buy your EPA house, including MORE EPA with it probably won’t help you sell.
August 25th, 2009 at 8:50 am
Consumer sentiment improves more than expected.
To celebrate I’m going to open a bottle of Martinelli’s finest champagne!
August 25th, 2009 at 10:02 am
And we’re back to 10% appreciation! 3.8% last quarter – so even better than 10%. All the renters are again priced out forevarrrrrrrrrrrrr.
http://money.cnn.com/2009/08/25/real_estate/June_CaseShiller/?postversion=2009082510
August 25th, 2009 at 10:02 am
You left out the best part:
“The housing sector also showed signs of life as a national measure of home prices posted its first quarterly increase in three years.”
didja’ read that? Why that means that sooner or later we’ll get to have the much-craved frenzied housing boom like it was back in 2002-2006. Just watch those house buyers start panicking and “snap up” houses, taking out huge loans or be priced out forever. Just you watch.
I was almost certain RE would’ve posted this first and beam with pride.
August 25th, 2009 at 10:13 am
All the renters are again priced out forevarrrrrrrrrrrrr.
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And Chuckie.Poor guy! He was just waiting for perfect interest rate….waiting and waiting and waiting.
August 25th, 2009 at 10:14 am
keep reading, bob, it gets better!
The rebound may mean that potential homebuyers will have more of a feeling of urgency, afraid that they’ll miss the market bottom.
That’s already happening in some of the markets that had gone through steep price declines over the past few years, such as the area east of Los Angeles that went through a severe boom and bust cycle. Home sales there are now booming again, according to Chuck Whitehead, a Coldwell Banker real estate broker.
“There’s such a frenzy to get in before prices go up again,” he said. “Buyers are more concerned about that than about getting the first-time homebuyers tax credit.”
August 25th, 2009 at 10:32 am
If you rush, you won’t miss the bottom.. you’ll get walloped by it. That’s the lesson last year’s bottom feeders learned, and no doubt this new crop will experience the same thing.
August 25th, 2009 at 10:38 am
My way of interpreting it is that just like the stock market, its pretty easy at this point to make the numbers look pretty. Another way to look at it is that homeowners have essentially lost all of their equity from 2003-on, which represents an overall 6+ years of equity losses total. Secondly, some of the cities in the index include those like Indianapolis and Cleveland, which crashes harder, sooner, and from prices that weren’t exactly high to start. Again, its easy to throw these cities into the mix as showing marked improvement from absolute dismal results.
August 25th, 2009 at 1:04 pm
All those trees mean concealment for the enemy, there’s a reason the defoliant Agent Orange was used so much in Vietnam. Since you probably can’t use that in da EPA, you’ll have to set up a lot of sensors and listening devices and run regular watches. Maybe you can cooperate with the apparent commercial-scale meth lab ower who has those large white buildings.
Outposts in hostile territory tend to be a lot of hard work and ultimately unsuccessful.
August 25th, 2009 at 1:22 pm
Good points (#10) bob.
While they’re contemplating their navels over in the other thread, the New Yorker is taking potshots at our precious state again. It’s a pretty good read:
http://www.newyorker.com/talk/comment/2009/08/24/090824taco_talk_hertzberg
one tidbit:
California, it turns out, is ungovernable. Its public schools, once the nation’s best, are now among the worst. Its transportation and water systems are deteriorating. Its prisons are so overcrowded that it has to turn tens of thousands of felons loose. And its legislature has spent most of the year in a farcical effort to pass the annual budget, leaving little or no time for other matters, such as—well, schools, transportation, water, and prisons. This is “normal”: the same thing has happened in eighteen of the past twenty-two years. But the addition of economic disaster to legislative paralysis may have brought California to a tipping point.
A good deal of the trouble may be fairly blamed on the Golden State’s tarnished initiative process, whereby laws and amendments to the state constitution can be proposed by petition and enacted by referendum. Adopted nearly a century ago as a great progressive reform—at the time, the California legislature was essentially a bought-and-paid-for subsidiary of the Southern Pacific Railroad—the initiative process began to go seriously sour in the mid-nineteen-sixties, when frightened voters nullified a fair-housing law and passed a measure, sponsored by movie-theatre owners, to ban cable television. (Both were voided by the courts.) The nadir, some would say, came in 1978, when Proposition 13 essentially capped property taxes and made California the only state that requires a two-thirds vote of the legislature both to adopt a budget and to raise a tax. The decline in public services was one result. Another has been a distortion of the state’s politics. Conservative Republican legislators have little incentive to compromise or even to broaden their appeal; to prevail on most of what is important to them, all they need is one-third plus one.
August 25th, 2009 at 1:23 pm
I was almost certain RE would’ve posted this first and beam with pride
Where is our resident fecal factory hiding anyway? He seems to be very sporadic with his posts nowadays. Is the Mega Project causing him to burn the Midnight Oil?
August 25th, 2009 at 1:33 pm
Nice link nomadic!
California, it turns out, is ungovernable
Well said. Although the Greeks figured this out a few thousand years ago when they thought up democracy. The major issue they had was far too many stupid people and people who held sway could manipulate the system. That is exactly what has happened here. Propositions are passed around like Skittles and any doorknob with a pulse can get one started and can be guaranteed that a whole slew of doorknobs can be coerced into voting for it.
Stupid is as stupid does.
August 25th, 2009 at 1:49 pm
Thanks, BAI. Your points are the reason I would be wary of a new constitutional convention. Picking people at random sounds great, but how many will take it seriously and do their homework? Seems a couple of good “shepards” could get the sheeple to do just what they want and we end up in the same place. Still, it’s better than continuing on the path we’re on.
August 25th, 2009 at 1:49 pm
“Picking people at random sounds great, but how many will take it seriously and do their homework?”
Sounds like jury duty to me.
August 25th, 2009 at 2:44 pm
“Picking people at random sounds great, but how many will take it seriously and do their homework?”
Sounds like jury duty to me.
But California has a good reputation for our jury trials. Just look at OJ Simpson and Robert Blake.
August 25th, 2009 at 3:31 pm
Picking people at random sounds great, but how many will take it seriously and do their homework?
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Don’t worry. Mormon Church will do the homework on behalf of them.
August 25th, 2009 at 3:43 pm
More like being on a grand jury – the “homework” will last several months. And people bitch about a one-week trial.
August 25th, 2009 at 4:49 pm
The problem with a ConCon is that the people you’d want to be on it already have jobs and are not available. maybe we could get a selection of recently retired people. otoh that might lead to Prop13 expansion. Reduce assessments by 2% per year in the interest of stability!