July 2, 2010

In Silicon Valley, House Dreams You!

Remember Hazelwood Avenue in Campbell?  Somebody’s been dreaming about it!

1133 Hazelwood Ave, Campbell, CA 95008
$425,000

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BEDS: 2
BATHS: 2
SQ. FT.: 808
$/SQ. FT.: $526
LOT SIZE: 10,200 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1940
COMMUNITY: Campbell
COUNTY: Santa Clara
MLS#: 80933914
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 351 days

VALUE IN THE LAND ONLY. APPROVED PLANS FOR 4400 SF HOUSE AVAILABLE. GREAT OPPORTUNITY TO BUILD A HOUSE OF YOUR DREAMS. CONVENIENT LOCATION.

Plans for a 4400 square foot house!  That would be great, if only somebody wanted a ginormous house in Campbell.

Most dream houses are built in a more Real Bay Area location, either close to something important and expensive (Stanford University, Foothills Park, Sunnyvale Fry’s) or far away from everybody else.  The plans might be approved, but this may not be the best place for them.  So for now, let’s see what’s actually at 1133 Hazelwood instead of potentially, where potentially means after you pay buckets of money to contractors who won’t show up.

Rather than a 4400 sf house of the sellers’ unfulfilled dreams, this is what you get for $425,000:

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Awww, it’s too shy to come out and pose!  This little wallflower was still the house of somebody’s dreams, when they listed this place for $890K.  Yes, I said $890,000.  In 2008.  And it was the house of the current sellers’ dreams when they got $140K of instant equity by paying $750K for it, 3 months later.  Now it can be the house of your dreams for $425K, which includes $465K of instant equity.  Wow! That’s more than the house is selling for!  That means this house is better than FREE! Plus it includes the APPROVED plans for the house of the seller’s dreams!  Guess the seller woke up, smelled the coffee, and said “Oh my god I live here!”

One advantage of a two-story house is you get to spy on your neighbors’ yards!  Let’s take an advance peek at the great views you’ll have if you build the house of someone else’s dreams.

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Oooh, wonder what’s going on with those neighbors on the right!  They look like some fun folks!  Let’s meet them!

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Hey, what do you want for $425,000?  Remember yesterday’s house?  Location, location, location: $600K teardown less than a block from a freeway?  That is not a problem with today’s featured property!  No freeways in any direction for miles!  Nothing but… lots and lots of other houses.

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And it’s a pretty safe bet that most of the others cost way more than $425,000!  At least they will if you all keep dreaming! Nighty-night!

Comments (5) -- Posted by: madhaus @ 5:01 am

5 Responses to “In Silicon Valley, House Dreams You!”

  1. SEA Says:

    This place is about vision problems.

    Owner had vision to obtain plans for new place, but no vision when it came time to actually build it.

  2. madhaus Says:

    Plenty of vision; what seller didn’t have were buckets of money to pay contractors who wouldn’t show up. Or maybe they needed contractors who would take dream buckets, because that’s all they had.

    I was wondering if the seller lost job but then notice this place has been listed for almost a year. I think it’s a flip gone bad.

  3. SEA Says:

    madhaus- If the owner sells, then he has cash. But now that he has cash, he cannot build his dream home, since he has no land. And once he cashes out, he’s priced-out forever. If he keeps the land, including the home with no moving parts, then the home has no value, since it is “value in land only.”

    Something about cake and eating.

  4. madhaus Says:

    This is dream cake. It is stale Twinkie from 1965, but if you sell it, no five-tier Princess Torte available from bakery.

  5. Tuno Says:

    oh, I remember this one! right next to the canal – your very own sewage lagoon – and next to the Superfund used car lot!!!! what a perfect place for a McMansion!

    I love the Monster Tree out front; it appears to have fed upon something unwholesome that was buried long ago. or perhaps it is symbiotic with a giant underground fungus that is myco-remediating the soil next door.

    if I had some way to know that the neighbors weren’t psychos, I would be tempted. but I wouldn’t change a thing.


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