Today’s house, courtesy of burbed reader VC, reminds us that only the Best of the Best can make it in Silicon Valley. Why should only software developers and chip designers have all the fun of healthy cut-throat competition and failure of market acceptance? Builders need a challenge too. Anyone can throw up McMansions on flat land with city services already installed. But this property is for only the most able, willing, daring, and liquid of contractors. How would you like to live the dream?
SQ. FT.: 895
$/SQ. FT.: $553
LOT SIZE: 7.8 Acres
PROPERTY TYPE: Detached Single Family
VIEW: Canyon, Valley
YEAR BUILT: 1960
COMMUNITY: Los Gatos Mountains
COUNTY: Santa Cruz
ON REDFIN: 251 days
Very nice piece of property with over 7 acres and Los Gatos Schools. This is a real contractor special, but wil a great upside potental. Current house is a small 2 bedroom home which could be fixed up nicely. Second home on property needs to be moved, then it would be a nice 3/2 with approximately 1900 sq. ft. The lot next door is also available. Total 13 acres for around 600K, great deal!!
You can’t go wrong on a place “wil a great upside potental,” can you? Find out just how much work it is to fix up the current house! It’s a small 2 bedroom home which could be fixed up nicely! In fact it’s so small, part of the challenge is finding it in the picture above. Once you do, see how nicely you can fix it up! The sky’s the limit, along with your bank account.
But you might object, “What’s the excitement in remodeling a little cottage in the woods?” Prefer a large 3/2 with approximately 1900 sq. ft.? That second home is here somewhere on property, and all you have to do is move it. And maybe fix it up at little. Or a lot. Perhaps once you do it expands, and it “would be a nice 3/2?” That should be a quick and easy project, since there are no walls or exteriors to get in the way of the 16 forklifts you’re going to need.
And once you remove all that scaffolding, it will move even quicker! Maybe you can borrow the wheels off the pickup, which looks more stable than the structure behind it.
Wondering why the second home had to be moved? Check out that geologic/flood report! Meanwhile, a little birdie told me there’s a stipulation with Santa Cruz County to do some grading and retaining wall work. I hear “some” could mean two hundred thousand worth, but that’s only a rumor. Some could also mean zero! Just how much upslope can a little driveway have?
Now, this project is going to keep you driving to Home Depot a few thousand times, so you’d best buy in bulk. In fact, the seller is way ahead of you, and is willing to supersize the deal by adding in the lot next door! And just like those 167 Tool Specials, most of them are drill bits in sizes you already own or socket sets in shapes you don’t need. In this case, the bonus 6 acre parcel has no improvements, no permits, can’t be subdivided, and doesn’t have a well, sewer line, or septic tank. But it’s only “around $600K” for both! If you enjoy bargaining, this is even more fun than buying 60 square feet of granite countertop and making sure it all matches.
Remember, this property thinks it can take you. Are you going to let it get away with that?