Here’s a guest post from madhaus, and it was burbed reader Herve who found this amazing listing! Thanks, Herve!
15070 MONTEBELLO Rd Cupertino, CA 95014
SQ. FT.: 4,580
$/SQ. FT.: $600
LOT SIZE: 8.69 Acres
PROPERTY TYPE: Attached Single Family
VIEW: Mountains, Valley, City Lights
YEAR BUILT: 1973
COUNTY: Santa Clara
ON REDFIN: 11 days
STUNNING ESTATE COMPLETELY REMODELED IN CUPERTINO FOOTHILLS WITH SPECTACULAR VIEWS AT EVERY TURN. SITUATED ON 8.69FLAT OAK STUDDED ACRES. THIS PROPERTY IS LOCATED BETWEEN RIDGE VINEYARDS AND PICCHETTI WINERY. MAIN HOUSE OF 4,580SF IS COMPLEMENTED WITH 3 GUEST HOMES WITH THE SAME HIGH-QUALITY WORKMANSHIP THROUGHOUT. THE ONLY WAY TO TRULY APPRECIATE THE TRUE SPLENDOR OF THIS ESTATE IS TO VISIT.
There are two interesting things about this luxurious Cupertino mountain listing. First, any agent who still YELLS AT ME IN ALL-CAPS deserves to have their STUNNING ESTATE featured on burbed. And second, it might be a multimegamillion dollar property, but TO TRULY APPRECIATE THE TRUE SPLENDOR OF THIS ESTATE, it’s also a short sale!
- Lease Option
- All Cash or Conventional
- Seller May Carry 1st
- Seller May Share Equity
- Conventional Loan
You can lease now and think about buying later! Or you can get a loan from the seller (yes, the same one who couldn’t keep current with his own payments)! TRULY! Heck, the seller needs money so badly, you can buy some of the STUNNING ESTATE if you can’t afford $2.749M. (Although with four separate homes amidst this TRUE SPLENDOR, why don’t you simply REFINANCE ONE OF YOUR OTHER PROPERTIES AND PAY CASH?)
And this homeloaner certainly knows about creative financing! TRULY! When he bought the STUNNING ESTATE in 2004, he got a million dollar variable first mortgage from a bank, and an $800K fixed second mortgage from the previous sellers! Thing is, the place cost $1.9M. 5% down? Now that’s leverage! So how did the owner of this TRULY STUNNING ESTATE use the leverage? Looks like he tried to sell it early and often!
Property History for 15070 Montebello Road
|May 14,2010||Listed||$2,749,000||MLSListings #81023972|
|Apr 10,2009||Delisted||Inactive MLSListings #3|
|Nov 21, 2008||Price Changed||$3,900,000||CupertinoHousingBlog|
|Oct 14, 2008||Listed||Inactive MLSListings #3|
|Nov 13, 2006||Delisted||Inactive MLSListings #2|
|Jul 10, 2006||Listed||14756490 (price reduced $500K)|
|Jun 05, 2006||Delisted||Inactive MLSListings #1|
|Jun 01, 2006||Listed||Inactive MLSListings #1|
|Jul 02, 2004||Sold (Public Records)||$1,900,000||Public Records|
When the STUNNING ESTATE was listed in 2006 (for the second time, mind you), here’s what the seller had to say:
- Great haven as institutional retreat, or private agricultural/recreational resort
- Perfect as multi-family compound or vacation reunion getaway
- Price reduced over $500,000!
- Prime location in Silicon Valley
- Extremely rare combination of acreage, structures, landscape, view and MOSTLY FLAT LAND!
- Convenient option to continue current live-in caretaker services
Easily one of Silicon Valley’s most unique and spectacular properties, this gem is proof that you can play hard at home, yet live in total seclusion and still be only 25 minutes driving distance from downtown San Jose. Nestled between award-winning wineries, this amazing 8.69 mostly flat acre compound is like owning your own little mountain village within a storybook forest setting.
[Read this rest here.]
Redfin shows a picture of the golf course (TWO holes!) but didn’t say anything about the bocce or basketball facilities, let alone a mirrored gym plus a rec center with full kitchen. And a go-kart track! So that’s what “Arena” meant, although most “little mountain villages” manage just fine without an arena for yodeling competitions.
So why did the seller remodel the main house and build so much on the MOSTLY FLAT LAND? Maybe it’s because he’s a General Contractor! And a Tile and Stone Contractor! And just to be safe, another General Contractor! TRULY, when all you have is a hammer and tiles and stone, everything looks like it needs a nail and more tiles and stone to get THE SAME HIGH-QUALITY WORKMANSHIP THROUGHOUT. TRULY.
Alas, not only has the price come down since the housing market peaked, but so has the language. In 2006, we got full sentences as well as a fully equipped rec center. Now that this “gem” is in foreclosure, the bank won’t even let them spring for lower-case letters on Redfin.
But just one little caveat about this TRULY STUNNING ESTATE with the TRUE SPLENDOR. Not only will you have to negotiate with the bank for “lender approval” of a short sale, it looks like you’ll also have to “negotiate possession” with the homeloaner. With all those bedrooms on the grounds, at least your “negotiating” team can stay on-site in total seclusion while you “work out” your “differences” in the arena. TRULY.