Yesterday’s listing was an unsuitable property in a challenging location. Today’s house is within reasonable commute distance so there shouldn’t be as many complaints. Also, more eights in the price today so it’s LUCKY.
21631 Hicks Rd Los Gatos, CA 95032
SQ. FT.: 1,704
$/SQ. FT.: $1,174
LOT SIZE: 24.02 Acres
PROPERTY TYPE: Detached Single Family
VIEW: Mountains, Canyon, Lake, Valley, City Lights
YEAR BUILT: 1973
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
ON REDFIN: 24 days
INCREDIBLE OPPORTUNITY! GATED ESTATE PROPERTY ON NEARLY 25 ACRES WITH SWEEPING VIEWS AND LOS GATOS SCHOOLS! SEVERAL BUILDING PADS TO CHOOSE FROM AND EXISITNG HOUSE. .. NEEDS TLC BUT PERFECT FOR TEMPORARY RESIDENCE DURING CONSTRUCTION, OR TO USE FOR “REMODEL” PROJECT, OR TO OBTAIN SFR FINANCING. .. ALL WITH VIEWS! GREAT POTENTIAL FOR THE BUYER WITH VISION AND THAT WANTS PRIVACY. VALUE IS IN THE LAND.
Another description in ALL CAPITAL LETTERS. Seems URGENT. Let’s READ IT before REDFIN starts making sure the AGENTS know how to USE a COMPUTER KEYBOARD PROPERLY before POSTING A LISTING.
This seems straightforward enough. There’s a rather ugly, boring, run-of-the-mill house that would go for about a hundred thousand in flyover country and about three hundred thousand in the non-RBA (Real Bay Area) part of San Jose. But these out-of-state greedheads want two million dollars for it because it’s GATED. And they think they’re going to get it because while they say they’re selling this (ugly, boring, overpriced) house, they’re really selling 24 acres of land with an ugly, boring, overpriced house that just happens to be on one of them. This house can’t be too Special or we’d get to see a photo or two inside. Maybe it’s all one giant open space when you walk through the front door?
In a way, they’re being honest about it. VALUE IS IN THE LAND = House is worthless, but you can’t finance this place if we tear it down. They admitted it was still standing TO OBTAIN FINANCING. And you could use this PERFECT FOR TEMPORARY RESIDENCE DURING CONSTRUCTION.
So, what happened between 1998, when the owners paid $275,000 for this place, and now? The wishing price is almost eight times higher! Doesn’t RBA property only double in ten years? Why have they tried to sell this place once a year, every year since 2004?
But there’s a bit of a mystery to this place. Why are there SEVERAL BUILDING PADS TO CHOOSE FROM? Did they hire several different contractors and fire each one of them before they built anything permanent? Or did they intend to invite NASA to move in when they lose Moffett Field,? How many BUILDING PADS is SEVERAL, anyway? The Redfin description doesn’t say, but this older listing says that not only has the house gotten 300 sf smaller, there used to be POTENTIAL FOR 8 BUILDING SITES. And something about a BARN. A BARN! There’s nothing about a BARN in the current listing! No wonder they reduced the price from last year’s $2,288,000! If only they’d added some more eights.
And why did they take the TourFactory Video down? Is there something on those BULDING PADS they don’t want us to see? Maybe it’s the collapsed 300 sf part of the house.
Are you a BUYER WITH VISION? Do you WANT PRIVACY? Do you have a broom for some SWEEPING VIEWS? There’s probably a fascinating backstory to all those abandoned BUILDING PADS, and it can be yours for just two million dollars.