Good things come in three!
It’s East Palo Alto week!
1166 SARATOGA Ave, East Palo Alto, CA 94303 | MLS# 80930093
1166 SARATOGA Ave East Palo Alto, CA 94303
Price: $260,000
Beds: 4
Baths: 2.5
Sq. Ft.: 1,680
$/Sq. Ft.: $155
Lot Size: 5,800 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 2
View: Neighborhood
Year Built: 1955
Community: East of U.S. 101
County: San Mateo
MLS#: 80930093
Source: MLSListings
Status: Active
On Redfin: 54 days
Opportunity for large home with beautiful but not quite complete upgrades. 3-bedrooms down stairs and one luscious master suite upstairs. Dual pane windows, almost all new electrical and plumbing, hardwood floors, gated lot with great stone/stucco work. Low maintenance almost new vinyl siding. Large lot with easy access to commute arteries. With a little bit of finish work, this could be it!
Wow. Another amazing deal in the Bay Area. If you can’t afford this, you really shouldn’t be living here.
Look, this house is practically done – it’s just waiting for a few remaining small touches. Heck, they even left you the trailer so you can add the pieces yourself! That way you can tell your friends “I did all the work!”
Don’t believe it? Look the agent even included 3 photos of the house and trailer!
At $155 per square foot, you can just sell a few of your facebook options and buy this house today. You’ve already got a bunch of equity, now just add some sweat equity!
August 27th, 2009 at 6:36 am
“The most recent listing for this property has gone off the market”
Maybe it got sold in a matter of hours. Looks like people are using your website for financial investment advice. Burbed: the next Cramer.
August 27th, 2009 at 8:07 am
Yet the house across the street is still available…
August 27th, 2009 at 8:56 am
The one across the street has been on the market for TWO AND A HALF YEARS! Wow. They’re at $238k now; I wonder where it started. Of course, at $1100/year in taxes, they can just hang on until they get their magic price. Looks like they’re aiming for a minimum of 10x ROI.
August 28th, 2009 at 12:05 am
Jumping threads due to Spam Protection malfunctioning
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DreamT,
I just got word of my bonus last week. It’ll be about half of what I received last year. The same goes for my wife as well.
August 28th, 2009 at 12:07 am
Evidence mounts recession’s grip on economy easing
Still remember Bob’s panicky response during Q1? Still remember Pralay’s extrapolations?
August 28th, 2009 at 12:11 am
Remember when someone here was projecting a housing bottom in 2012?
You don’t hear many people making this kind of joke now.
August 28th, 2009 at 12:13 am
RealEstater – Thanks for following up.
August 28th, 2009 at 12:58 am
Evidence mounts recession’s grip on economy easing
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You mean that recession which was “arbitrary” and never existed in first place.
Thanks for playing anyway.
August 28th, 2009 at 1:10 am
Remember when someone here was projecting a housing bottom in 2012?
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Bottom or no bottom, some people are claiming housing recovery – every year. Nothing new.
August 28th, 2009 at 8:27 am
Remember when someone was trying to sell Palo alto as being no longer desirable? Remember when someone was calling the Los Altos market “ice cold”?
August 28th, 2009 at 9:15 am
Remember when someone was trying to sell Palo alto as being no longer desirable?
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No, we don’t remember. That’s a lie – as usual.
August 28th, 2009 at 9:31 am
Remember when real estater put words in people’s mouths and then tried to tell them they are wrong?
August 28th, 2009 at 9:55 am
>Remember when someone was calling the Los Altos market “ice cold”?
it is. the only strength I’ve seen in is for select 94301 properties and for central menlo (and by strength I mean 5-15% off peak). overall, summer has been dead and prices continue to drop everywhere RBA.
best case, RBA hits bottom next winter.
August 28th, 2009 at 10:17 am
Remember when you couldn’t touch a listing for under $1.5M in Los Altos? I do; it was one year ago. Currently Redfin has TWENTY active or pending under that.
The lowest price? $1,099,000
Last sold in 2006 for $1.2M
August 28th, 2009 at 11:07 am
It’s a good thing consumer spending doesn’t (ahem) have anything to do with the US economy in general or we might be in trouble:
http://www.reuters.com/article/ousiv/idUSN2835824120090828
“This tells me consumers are still in a rebuilding phase. It’s clear to me that we cannot count on growth through next year as long as consumers are still on the ropes,” said Christopher Low, chief economist at FTN Financial in New York.
August 28th, 2009 at 12:09 pm
Remember when you couldn’t touch a listing for under $1.5M in Los Altos? I do; it was one year ago. Currently Redfin has TWENTY active or pending under that.
Ditto for Los Gatos. Back in 2007, I used to do searches on realtor dot com for the 95032 zipcode for 3/2 homes. There was NOTHING under $1 million. Try that search now and see what you find.
August 28th, 2009 at 12:14 pm
Also, last summer there was nothing at all in Hillsborough under $2M. 13 now, and one of them at $1.35M (though it’s in poor shape).
August 28th, 2009 at 12:32 pm
No need to be overly dramatic. No need to be getting choked. All the properties selling under $1M in Los Gatos have “foundation problem”. All the properties selling under $2M in Hillsborough have “foundation problem”. All the properties selling under $1.5M in Los Altos have “foundation problem”.
In 2008/2007 there was no such problem. All the “foundation problem” started from 2009 Q1.
August 28th, 2009 at 1:28 pm
Friend just called saying they moved into a new place bought for $1.6M. Another friend is looking in the $2M range. These are just people I happen to know.
August 28th, 2009 at 1:28 pm
…and not being overly dramatic.
August 28th, 2009 at 1:44 pm
Friend just called saying they sold their home for $75K discount (listed $1325K and sold $1250K). Another friend have his home listed for two months and is looking for a buyer. These are just people I happen to know.
…and not being overly dramatic, I must say that RBA has fully recovered.
See, I can make things up too.
August 28th, 2009 at 2:06 pm
19 – they probably figured the $1.6M was a bargain since it would’ve gone for $2.0M last year.
August 28th, 2009 at 3:36 pm
Pralay,
It doesn’t surprised me that your friends are about as accomplished as you are.
August 28th, 2009 at 4:11 pm
Fresh college graduates are getting IPOs and snapping up mcmansions everywhere.
True story.
August 28th, 2009 at 4:18 pm
Fresh college graduates are getting IPOs and snapping up mcmansions everywhere
Is that on top of their $132k base salary? That is the base minimum for starter salaries in the Bay Area, right?
Oh, and my sister’s cousin’s nephew’s uncle’s brother’s former roommate just bought a house in Palo Alto for $10 million. A 100% appreciation over the price it sold for last week. True story.
August 28th, 2009 at 6:10 pm
It doesn’t surprised me that your friends are about as accomplished as you are.
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Yes, in Disneyland. BTW, Didn’t I say that I just made that up – just like you? You should have known that already. Those two examples of properties (973 Harney Way and 1583 Kennewick Dr) actually come from you.
August 28th, 2009 at 6:12 pm
wow you just got slammed RE.
August 28th, 2009 at 6:19 pm
Oh, and my sister’s cousin’s nephew’s uncle’s brother’s former roommate just bought a house in Palo Alto for $10 million. A 100% appreciation over the price it sold for last week. True story.
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I know that property. There were plenty of foreigners bidding for that that property – all with cash. But eventually the seller accepted your sister’s cousin’s nephew’s uncle’s brother’s former roommate because he wears Rolex watch, drives Porsche, gets double digit bonus, uses B&O phone, manages megaaaa-project, do multi-country-international vacation and have trophy wife.
TRUE STORY.