They’re giving away condos in Los Altos
It’s been a while since condos and townhouses have been featured here, so let’s take a look and see what the market is like.
4388 EL CAMINO REAL #399, Los Altos, CA 94022 | MLS# 80946898
4388 EL CAMINO REAL #399 Los Altos, CA 94022
Price: $489,880
Beds: 1
Baths: 1
Sq. Ft.: 787
$/Sq. Ft.: $622
Lot Size: -
Property Type: Condominium
Style: Contemporary
Stories: 1-3 (Low Rise)
View: Neighborhood
Year Built: 2009
Community: North Los Altos
County: Santa Clara
MLS#: 80946898
Source: MLSListings
Status: Active
On Redfin: 21 days
New homes! Located at Los Altos Ave & El Camino Real. Construction complete! Ready for move-in. Located close to schools, parks, shopping, restaurants. Minutes from downtown Palo Alto/Los Altos. 78 townhomes and condominiums designed to provide the urban oasis you seek. Clean architectural lines. Lush courtyard with pool/spa.
Sure, the $/sqft seems a bit high at $622, but let’s face it… it’s only $489,880. They’re practically giving away this 1br/1ba condo in Los Altos.
And just look at the features! It’s construction complete! There’s no need for you to worry about living in a construction incomplete residence!
Located on the historic and prestigious road of royals, El Camino Real, you really can’t beat this location for convenience!
Heck, you’ll be living right next door to a gas station! You’ll never see your fuel gauge on E again! And by having that much traffic outside, it’ll really help realize the promise that this will be your urban oasis.
But again… at this price, they’re practically giving away condos in Los Altos.
November 2nd, 2009 at 9:10 am
New condos are funny. They all seem to be facing a major highway/freeway and they all look exactly the same, with no character or style.
Of course, they’re built better than the old apartment conversions, but I visited a brand-new condo on Technology Drive in San Jose, thinking about renting it. The noise insulation from the outside was impressive, but I could still hear people above. If I was going to blow $500K on a state of the art new home, I would not accept that.
November 2nd, 2009 at 10:42 am
A friend of mine bought a condo in that development a couple of years ago, for a far higher price. The apartments are quite nice and there are lots of common areas to host parties and such, but El Camino is LOUD! There’s also tire and exhaust soot all over everything. Thankfully, the windows are double-pane and block the noise pretty well, so you can shut out the noise along with the horrible California weather.
November 2nd, 2009 at 12:30 pm
UGLY.
November 2nd, 2009 at 12:49 pm
New condos look that way, in part, because it’s how you get maximum space in the unit while still complying with all the zoning regulations.
In seattle, there’s a standard “four-pack” design which is different, but cookie cutter in the same way.
It’s not a bad design, certainly better than older conversions, as others have noticed.
The location for that unit is terrible. We need a new designation, NRLA vs RLA
November 2nd, 2009 at 3:28 pm
New condos are nicer but the locations always blow in the Bay Area. Thanks to all the anti development measures and NIMBY issues we face here, often times builders can only get permits to build in areas that are far less desirable.
A lot of times you are better off buying a condo in an older building that has been upgraded since you are likely to be in a much better location. Or better yet, you can rent in a really nice area while bubble sitters can buy new fangled $600+ per square foot shacks next to train tracks or the highway.
November 2nd, 2009 at 8:11 pm
> A friend of mine bought a condo in that development a couple of years ago, for a far higher price.
Dollar cost averaging. Get him to buy another one now. And later when it’s down to $399K.
November 2nd, 2009 at 9:25 pm
Good idea, Herve Estater. The friend could be a huge landlord in his own little neighborhood.
Actually, I don’t think the noise would be so bad in the interior of this development. I used to rent at El Camino & Mathilda and it was quiet there. I still wouldn’t buy in that location though.
November 2nd, 2009 at 11:56 pm
Couple of things to remember before you reject this condo:
1. This is in Los Altos. The core part of RBA. On busy street? So what? This is RBA.
2. You can buy this 787 sqft now. You can buy bigger home
after 30 yearslater. Just remember, “buying a small piece of something still better than not having anything, because at least you have a starting point on which to build equity and trade up”.November 11th, 2009 at 7:43 pm
Pralay could you please explain RBA?
November 11th, 2009 at 7:48 pm
Yes Pralay please, what’s with the obscure acronyms? That’s so TLA.
November 11th, 2009 at 8:21 pm
Pralay could you please explain RBA?
—–
Unfortunately I can’t. However, I can give a pointer to appropriate place where you can find proper explanation of RBA.
November 11th, 2009 at 11:40 pm
ah, one of the good professor’s finest lectures. well done, pralay