Live in a Mansion Condo in Menlo Park!
14 MANSION Ct #714, Menlo Park, CA 94025 | MLS# 80930044
14 MANSION Ct #714 Menlo Park, CA 94025
Price: $1,995,000
Beds: 3
Baths: 3.5
Sq. Ft.: 2,850
$/Sq. Ft.: $700
Lot Size: 1 Sq. Ft.
Property Type: Condominium
Style: Contemporary
Stories: 1-3 (Low Rise)
View: Bay, City Lights
Year Built: 1975
Community: Sharon Heights/Stanford Hills
County: San Mateo
MLS#: 80930044
Source: MLSListings
Status: Active
On Redfin: 122 days
Fabulous bay views from this sophisticated Sharon Heights condominum. grand master suite, exceptionally spacious room sizes, wonderful entertaining flow and move in condition! One level living with step down living room, sep. dining area, wet bar, updated eat in kitchen w/ office nook. Large storage & two car pkg in secure garage. Lush gardens, pool, spa, club house, elevator. Las lomitas schools
To celebrate the peak of Condo/Townhouse week, I thought this would be appropriate.
It’s ok to gasp.
$2 million dollars for a condo on Mansion Ct. A 3br/3.5 ba 2,850 sqft condo. This is craziness!
You know what else is crazy? The HOA: $900 a month.
You might be wondering, how much over asking will this house that requires a $9,468 monthly payment sell for?
Honestly, it’s hard to say. There’s so many things going for this house. First, it’s on a street called Mansion Ct… that in itself is worth 2% over asking. Then there’s the fact that it is really targeted at middle managers who don’t want the hassle of homeownership – but they do want the pride. That’s probably worth another 4%. Finally, there’s the $900 HOA! That makes living here extremely exclusive. That’s gotta be worth another 5%.
All in all, this is an extremely unique property that’s looking for an extremely unique customer. But once the perfect match is made, someone will be living in an awesome condo on Mansion Court.
(HINT to future buyer: please petition the city to rename the street: Megamansion Row, to up the value!)
November 4th, 2009 at 7:34 am
Las Lomitas elem school foundation has a suggested donation of $1100 per child. AFAIK this is the highest among RBA schools. Most are around $700.
It’s mind boggling to spend $2m on a condo. You can get a very nice house for that. Or a merely good house with plenty leftover for gardeners and such.
November 4th, 2009 at 9:12 am
Of cause you can get a very good house with a big lot with this price, even in RBA. But there are people who have tons of cash, does not want to own a house, and do not want to rent. This property is specially designed for these people, who are very weird but do exist.
November 4th, 2009 at 9:40 am
the primary buyer in the market now is a family with kids, and this listing will suffer as a result. it will also take a hit from the shift away in preference from sharon and to central menlo.
anything over $1.7 would be heroic, but maybe they’ll find a VC that needs a close-to-the-office crash pad.
November 4th, 2009 at 10:05 am
If I had that kind of money I would rather travel the world and complete my PhD.
Some people might say that my plans are a waste of money and buying this condo is a better use of their hard earned money.
What would other Burbed readers do with $2M?
November 4th, 2009 at 11:20 am
$2M for a condo? A condo that doesn’t even have a really spectacular view and/or isn’t in the middle of the city?
lol – now I’ve seen it all.
November 4th, 2009 at 11:24 am
What would other Burbed readers do with $2M?
I’d run a statewide smear campaign against Gloria Allred just for the hell of it.
November 4th, 2009 at 11:31 am
shwing – purchased with only 10% down. The owners also got their assessment reduced to just $1,672,000. Funny that they can accept a fall in value for tax purposes… not that I blame them for working the angles. PropertyShark says that value was set in 2006. Is the tax rate really that high in Menlo? 1.4%? $22k for $1.7M is a lot.
If I had an extra $2M right now I’d quit my job and move to the central coast until the money ran out.
November 4th, 2009 at 11:52 am
God – where do they find these morons? Everyone thinks their house is worth more than they could ever hope to earn in a lifetime.
November 4th, 2009 at 12:11 pm
If I had a place like this, I’d sell it for as much as I could get too before the big fall in the mid-high end markets.
Just think what the next fall in prices will be when govts CANNOT keep interest rates artificially low and they CANNOT be the lender of last resort. This isn’t a matter of if, it’s a matter of when IMO.
November 4th, 2009 at 3:39 pm
Anon-C’mon smarty pants, you can answer your own rhetorical question. They’re only found in the RBA!
November 4th, 2009 at 3:51 pm
anon, is it so different from buying a lottery ticket?
$2M really isn’t “more than they could ever hope to earn in a lifetime” though. Not with RBA salaries and stock options!
November 4th, 2009 at 7:54 pm
> What would other Burbed readers do with $2M?
I so much want to quote Office Space…
November 4th, 2009 at 10:48 pm
Guys,
If you have 2 million dollars, you’d be dreaming about having 4 million dollars. You’d be doing the exact same thing you’re doing right now: living in the Bay Area, working a busy job, juggling career and family.
November 4th, 2009 at 10:52 pm
Good news!
The $8,000 tax credit for first-time homebuyers, enacted as part of the stimulus package last February and set to expire this month, would be extended and expanded to include a $6,500 credit for people who have lived in their current residences at least five years.
November 5th, 2009 at 12:06 am
If I had an extra $2 M, I’d get me some high-priced hookers.
November 5th, 2009 at 1:05 am
If that’s your goal in life, I don’t think you need $2M.
November 5th, 2009 at 7:18 am
depending on your city, decent talent starts at 3K/night. a proper weekend could cost 20K or more. mix in some blow and proper transportation, and 2M wouldn’t last that long in fueling Alex’s hollywood/rock&roll lifestyle
November 5th, 2009 at 7:59 am
You know, RE is on to something with #13. Few people will say they are rich, because they always know somebody richer. Excepting Warren Buffet and Bill Gates, I guess.
For most people, the next step up is not the final step, it’s the precursor to the next next desired step. The good thing about it is that it drives innovation and hard work. But of course we all have to balance with family and other non-work activities.