August 28, 2009

1169 Saratoga Ave in East Palo Alto – a classic Burbed house

It’s Friday, the end of East Palo Alto week!

1169 SARATOGA Ave, East Palo Alto, CA 94303 | MLS# 80917708
1169 SARATOGA Ave East Palo Alto, CA 94303
Price: $235,000

1169
Beds: 2
Baths: 1
Sq. Ft.: 750
$/Sq. Ft.: $313
Lot Size: 5,800 Sq. Ft.
Property Type: Detached Single Family
Style: Spanish
Stories: Bi/Split Level
View: Neighborhood
Year Built: 1949
Community: East of U.S. 101
County: San Mateo
MLS#: 80917708
Source: MLSListings
Status: Active
On Redfin: 128 days
Good split level starter home/investor opportunity. 2 bedrooms upstairs with hardwood floors throughout. Downstairs: living room, dining room. Kitchen. Ground level laundry room with separate rear entrance. Good size fenced & gated lot laundry room with ample storage. 1 car attached garage. All reports have been ordered. Easy access to Dumbarton Bridge/Willow Road. Property sold “as-is” condition.

Hey wait a minute… this looks familiar!

From March 2008:

From April 2007:

Geez! They’re practically giving the house away now!

Why hasn’t this sold yet? I’m perplexed!

What advice would you provide to the owner and listing agent to help it clear?

I’m thinking… raise the price!

Comments (35) -- Posted by: burbed @ 5:45 am

35 Responses to “1169 Saratoga Ave in East Palo Alto – a classic Burbed house”

  1. Herve Estater Says:

    > I’m thinking… raise the price!

    Done. It is now $238K. It was $235K only for 5 days (manager’s special?).

  2. sfbubblebuyer Says:

    I always wonder about people messing with the asking prices by tiny amounts. 1%? Down or up, it’s still ridiculous. And advertising a price reduction that’s in the 1-3% off is retarded. If you saw a commercial saying “Come on down! We’ve got corn chips 3%! This is the best deal in town!” you’d think they’d lost their mind.

  3. anon Says:

    Either that or you’d think that the person who wrote the commercial was a complete and utter fool…

  4. waiting_for_the_fall Says:

    The house looks dirty. It’s stupid to paint a house white or beige and not wash it.
    They need to paint the house light tan or grey and put some large potted plants in front of the stairway.

    The front door and garage door should be a natural wood grain instead of the same color and put awnings over the side windows and it will break up the box-like structure.

    There’s alot of improvements that can be made, but I don’t think the sellers have the money to do it.

  5. Joe Says:

    Who needs to dress up a pig when you’re in store for 10% y-o-y returns? Aren’t we ready for take off now?

  6. Pralay Says:

    Aren’t we ready for take off now?
    —-

    Don’t be so negative. That was one year ago. We are flying since gas price settled.

  7. sonarrat Says:

    #4, they haven’t changed the picture since the 2007 listing. I’ll bet it looks a lot worse now.

  8. BuyersAreIdiots Says:

    More good news for the Bay Area:

    http://news.yahoo.com/s/ap/as_japan_toyota

    “Toyota will stop production at its Fremont, California-based New United Motor Manufacturing Inc., or NUMMI, in March 2010″

  9. cardinal2007 Says:

    Since NUMMI is close to the where the Warm Springs BART will be, if they (Fremont, Bay Area, California officials) don’t find someone that will take over the site and GM agree to that, then the land will probably be sold to developers, and Fremont will want to do a bunch of transit oriented development with condos and townhouses close to the BART station. Maybe they’ll put offices near the BART station, otherwise it will just be low paying retail jobs at Starbucks or something over there. I doubt it will stay industrial though, Toyota and GM will probably want the money that would come from rezoning.

    So with less jobs in Fremont, clearly that would make RBA more valuable, since that’s where the jobs are!

  10. rick Says:

    Why the “huge” laundry room a year ago is no longer mentioned as so? Part of it collapsed? Price drop probably half of the house (instead of price) collapse, so they can’t even sell it “as-is” like last year.

  11. rick Says:

    “Toyota will stop production at its Fremont, California-based New United Motor Manufacturing Inc.

    Great, that means space for green jobs that Obama is overloading debt on.

  12. sfbubblebuyer Says:

    What’s with the giant cement slabs in the back? Landing pads for your CEO helicopter?

  13. Hot Dog (Pralay) Says:

    and Fremont will want to do a bunch of transit oriented development with condos and townhouses close to the BART station.
    —-

    That will probably take decades after cleaning up all the toxins from land.
    The development on Ford’s plant in Milpitas took more than 10 years.

  14. nomadic Says:

    Hey, maybe Tesla can move in there!

    Of course, they probably only need 1/20th the space and 1/10th of the work force…

  15. Hot Dog (Pralay) Says:

    So with less jobs in Fremont, clearly that would make RBA more valuable, since that’s where the jobs are!
    ——

    That’s right. Tesla is moving to Palo Alto. Pretty soon people in Fremont will start selling their homes and move to Palo Alto. Think about the “sudden and furious” demand of Palo Alto real estate after 2010 March.

    All the renters better grab something in Palo Alto before they get priced out….AGAIN.

  16. Hot Dog (Pralay) Says:

    Of course, they probably only need 1/20th the space and 1/10th of the work force…
    —-

    Yesterday someone in NPR was saying that NUMMI plant would too big for Tesla. According to him – “not a practical choice for Tesla”.

  17. nomadic Says:

    Exactly, Hot Dog (Pralay).

    Besides, they’d get no respect if they were in Fremont. They need the prestige of offices in PA in order to sell cars across the country. After all, even customs agents in foreign countries know it’s an important place.

  18. CB Says:

    Hot Dog is right, Tesla needed capacity to make 20,000 Model S per year. NUMMI capacity is 300,000. Also, Fremont is called many things, but is not called “Stanford Business Park”, which has a bit o’ prestige to it.

    Another factoid: Only 12% of NUMMI staff live in Fremont.

  19. nomadic Says:

    We’re always picking on realtards for putting lipstick on a pig and calling it pretty. Here’s an honest agent with the best listing ever:

    http://www.redfin.com/WA/Federal-Way/1012-S-296th-Pl-98003/home/346605

    Description:
    Not for the faint of heart or respiratory system! We have MOLD and lot’s of it. The majority of the basement is covered in black mold and in biblical proportions. Still working on getting the bank to get a mold report, but suspect the worse. Upstairs appears much better but agent has no direct knowledge of cause or remedial needs. This is for the serious investor, and considered uninhabitable at this time. Bring a gas mask. Excellent area of finer homes.

  20. no estater Says:

    hehe – I have the place ALL to myself!

    Herve Estater, forget Mountain View. Palm Springs is where it’s at:

    http://www.christiesgreatestates.com/virtualtour/index.htm?property_id=68154

  21. Herve Estater Says:

    > Herve Estater, forget Mountain View. Palm Springs is where it’s at.

    Waow! I like the green room. Thanks for the link.

    (steve, you have to check it out)

  22. no estater Says:

    Yeah, I’d give up the RBA to live there.

  23. Mole Man Says:

    It’s really close to IKEA, so no problem. You all are probably just jealous.

  24. burbed Says:

    Another factoid: Only 12% of NUMMI staff live in Fremont.

    Where do the other 88% live?

  25. Pralay Says:

    The real question is what constitutes those 12%. Management class? Union leader with $300K salary?

  26. Top Dog Says:

    From what I’ve seen the people who make high salaries usually have 2 things going for them: They have passion about what they do, and they are business savvy. These two factors give them a huge advantage over the rest of the crowd. The vast majority of the people who don’t understand business, or are just there for the paycheck will take home a modest pay despite having put in long hours.

  27. Herve Estater Says:

    Pending without release!

  28. Drew Says:

    That address alone “Saratoga Ave.” is worth the price.

  29. Petsmart groomer Says:

    Sold on 3/5/2010 for $190K.

  30. DreamT Says:

    can you say *ouch*

  31. anon Says:

    The previous owner will be trading up to Palo Alto proper shortly.

  32. Petsmart groomer Says:

    Interesting actually: virtually everything below $300K in East Palo Alto is pending.

  33. anon Says:

    Your tax dollars at work.

  34. nomadic Says:

    Maybe not in this case. PropertyShark doesn’t show a bank taking ownership until after the 3/5 sales date so it appears not to have been a conventional sale. It was assessed at only $28k. The sellers might still have made a profit.

  35. Petsmart groomer Says:

    Sold on 4/30/2010 for $175K.


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