September 1, 2009

San Carlos caltrain station for sale

710 KNOLL Dr, San Carlos, CA 94070 | MLS# 80937091
710 KNOLL Dr San Carlos, CA 94070
Price: $1,850,000

710
Beds: 3
Baths: 2
Sq. Ft.: 1,940
$/Sq. Ft.: $954
Lot Size: 0.69 Acres
Property Type: Detached Single Family
Style: Traditional
Stories: 1
View: Bay, Neighborhood, Valley, City Lights
Year Built: 1940
Community: Howard Park
County: San Mateo
MLS#: 80937091
Source: MLSListings
Status: Active
On Redfin: 16 days
Location is in the heart of San Carlos. Walk to downtown SanCarlos. Rare opportunity for 30,000sqft parcel ! Over 30,000 feet with panoramic bay views!! You have great pool site and possible tennis court!! Plenty of level area for great yard!! This is 2 lots with 2 APNs – so you could remodel current home to dream home and sell off lot to pay for remodel!! Great possibilites both lots have plans.

The listing agent also has a bridge they want to sell you! Check it out!

Just kidding. This is actually a pretty amazing deal – you’re actually buying 2 lots! And you can sell the other lot to pay for the remodel of the current house.

Frankly, I’m not sure I understand why the owner is giving away the house like this. Why wouldn’t he sell the two lots separately and make even more money?

Any good theories here?

Comments (9) -- Posted by: burbed @ 5:11 am

9 Responses to “San Carlos caltrain station for sale”

  1. Herve Estater Says:

    July pending home sales rise to 2-year high.

  2. no estater Says:

    Happy days are here again!

    More Americans signed sales contracts to buy homes in July than in June, marking the longest streak of monthly increases on record, said a report released Tuesday.

    The pending home sales index from the National Association of Realtors rose 3.2% in July after rising by 3.6% in June. That’s 12% higher than July 2008, and it marks the sixth straight increase since record-keeping began in 2001.

  3. no estater Says:

    Check out the last sentence:

    “As long as home buyers stay within their budget, mortgage payments will be very manageable,” Yun said.

    Duh.

  4. Pralay Says:

    #3

    It reminds me someone here who would say some very basic and obvious things and then claim “I am right all along”. :)

  5. anon Says:

    Well, if you can manage your income, then I think you should be able to manage your income.

  6. BuyersAreIdiots Says:

    As long as home buyers stay within their budget, mortgage payments will be very manageable

    LMAO!

    And the award for the most oxymoronic statement of the year goes to…..

    I wonder what Yun’s SAT score was. :P

  7. Living in SF Says:

    Why didn’t they sell the two lot separately? Haven’t you heard, people (especially deranged religious lunatics) are looking for two attached lots to build hidden compounds behind bushes, trees, and fence. This place is perfect! Goes with blue tents very well too! Just make sure not to bring any kids to the open house.

  8. nomadic Says:

    Smells like fraud? Land bought in 2001, house built in 2003, refinanced twice (for reasonable amounts), then SOLD to a third party for 100% financing to a person with the same last name as the first owners. Defaulted less than two years later and now it’s owned by BofA (even though Redfin says it’s a short sale). Looks like this person walked off with about a million bucks.

    http://www.redfin.com/CA/San-Jose/1344-Tiffany-Canyon-Ct-95120/home/1700676

  9. anon Says:

    Sigh…fraud or stupidity – maybe the second buyer was just greedy… “Oh, I’ll just refinance and take my juice later.” Two years pass and things didn’t go quite as planned so they walked away when they realized that they weren’t going to get the 18% appreciation they are entitled to.


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