Treasure house found in Santa Clara
$935,000
Beds: 3 Baths: 2 Sq. Ft.: 2,300 $/Sq. Ft.: $407 Lot Size: 7,695 Sq. Ft. Property Type: Detached Single Family Stories: 1 View: Neighborhood Year Built: 1959 Community: Santa Clara County: Santa Clara MLS#: 80955862 Source: MLSListings Status: Active On Redfin: 50 days Price Reduced. Treasure awaits behind these doors! This house completes all your wishes. Great school, great neighbors, great neighborhood. High school awarded perfect API score of 10. Completely updated with remodeled kitchen with granite counters, bathrooms, hardwood, windows and carpet. Easy access to freeway, Cupertino Sq. , and Ranch99.
Thanks to Burbed reader sonarrat for this find!
Who doesn’t like treasure hunts? Here let’s look at one such treasure immediately behind the doors:
That green wall? Quick we need Nicholas Cage to tell us what’s behind it!
Otherwise, this is actually a pretty reasonably priced house for the semi-Real Bay Area. Cupertino schools for just $400 per square foot? Sounds like a deal to me!
February 4th, 2010 at 7:39 am
Sold in 1999 for $365k. As for treasures, I hope there’s a solid gold toilet for this price tag.
February 4th, 2010 at 8:03 am
Mentioning Nicolas Cage on a real estate blog… How apropos!
February 4th, 2010 at 8:48 am
Here’s a bigger 4/3 about 10 houses down that just sold for $300,000 less than that.
http://www.zillow.com/homedetails/416-Giannini-Dr-Santa-Clara-CA-95051/19618550_zpid/
February 4th, 2010 at 8:57 am
> Here’s a bigger 4/3 about 10 houses down that just sold for $300,000 less than that.
It looks like the original asking price was $988K (see Zillow’s home description). It was sold in 2005 for $815K. Booyah!
February 4th, 2010 at 8:58 am
but, ES, did it have granite counters?
February 4th, 2010 at 9:12 am
I’m keeping tabs on this as well as the log cabin in Palo Alto. Let’s take bets… how much will this sell for? I’m setting the over/ under at 715. I’m taking the under.
The reason I set it high is because the other house was (probably)a short sale and this one’s listed in time for the spring bounce. I think it will sell right around 700k.
February 4th, 2010 at 9:30 am
I’ll take over, but not by much. I’m thinking $720-725k.
February 4th, 2010 at 11:13 am
$725k? Fat chance. This one is much, much smaller http://mlslistings.com/Default.aspx?pp=-1&pg=0&idx=1&l=19$952341$RES and went pending w/out release after one weekend of frenetic interest. I wouldn’t call $935k a deal but it certainly won’t go for $200k less.
February 4th, 2010 at 11:26 am
Oy, did I hit a nerve? I just glanced at the “similar sales” on the Redfin page. Now that I see that most of them are in the Santa Clara school district, I would change my guess. $875k. Mostly because it’s been sitting for two months at $935k.
But really, it “shouldn’t” be much more than $730k – 2x the 5/09 purchase price… lol. The updates help, I’m sure.
February 4th, 2010 at 12:01 pm
nomadic – you missed the nerve
but you did increase your estimate by 20% after I posted that factoid. I agree with your second estimate, and they should have started with a low price like everybody else.
Also it seems like there’s a cliff around $800k these days, if houses are priced lower they seem to attract much more interest, regardless of the final sale price. Maybe because of conforming jumbo+20%.
February 4th, 2010 at 12:40 pm
The short sale ES posted definitely seems odd though. Still in Cupertino schools. The seller last October had bought it with 100% financing. Fishy.
February 4th, 2010 at 1:18 pm
I didn’t submit this because I thought it was a horrible deal – it’s pricey but it’s not too far off comps. I submitted it because of the Realtard saying there was treasure behind these doors, then providing the pictures which clearly show a standard flipperized interior treatment just like everything else on the market. I think it would have been more effective if there were no interior pictures. Ooh, mysterious!
February 4th, 2010 at 1:28 pm
Actually, sonarrat, I thought the picture of the inside – the one just inside the front doors where the treasure was supposed to be – was pretty funny. Nothing but a big, empty room. Not even an entryway or something to keep you from coming straight into the middle of the house.
February 4th, 2010 at 1:57 pm
DOW SOARS! and has been soaring…and so will house prices
February 4th, 2010 at 2:18 pm
And why?
Because real estater – the biggest idiot this blog has ever known – said so.
Didn’t he just say that last week’s stock market dump presented a buying opportunity?
February 4th, 2010 at 2:26 pm
That green wall is fishy, the reflection of the lighting reveals a convex shape… Only way to be sure is to tear off the hardwood floor and find what’s pushing that partition wall upwards.
February 4th, 2010 at 4:01 pm
Tear up the floor? I’d go under the house for a look first, then take down the drywall before trying such an expensive option.
The seller is the realtor, so maybe he has the story on the wall. Maybe it’s kind of like in the horror movies where it stretches out and you can see someone’s face and hands trying to reach through.
February 4th, 2010 at 4:33 pm
I wouldn’t want to be caught underneath the house with whatever Poltergeist is pushing the floor upwards.
February 4th, 2010 at 9:26 pm
If it’s like another house in Santa Clara not on Howard street but owned by a guy named Howard, the treasure’s there all right, it’s heroin.