A healthy priced property in Palo Alto
$1,499,000
Beds: 1 Baths: 1 Sq. Ft.: 570 $/Sq. Ft.: $2,630 Lot Size: 2,000 Sq. Ft. Property Type: Detached Single Family Stories: 1 Year Built: 1932 Community: College County: Santa Clara MLS#: 81026433 Source: MLSListings Status: Active On Redfin: 101 days
Thanks to Burbed reader Jeff for this find!
I thought it would be great to start off the week with a healthy listing from Palo Alto. Yum yum! $2630 per square foot. This is beyond Real Bay Area! This is Super Real Bay Area!
Here’s what Jeff had to say:
Granted, the listing is suggesting redeveloping it, but with a 2000sqft lot that doesn’t seem to have unlimited development potential.
Of course this has unlimited development potential. All you need is unlimited money and unlimited time. And if you want to live in Palo Alto, shouldn’t you have those?
Or at least pretend to have those?
What would you do with this amazing property? I’m thinking… pergo, granite, and stainless steel everything.
September 7th, 2010 at 8:42 am
> What would you do with this amazing property?
I’d install as many cell phone towers as I can and collect rent.
September 7th, 2010 at 8:55 am
Parcel at 1829 Ash St. has one bedroom home in fair condition. Needs TLC. Zoned RM15. Unit on parcel behind 1920 Ash St [...]
The listing says “1820 Ash St”. A realtor misspelling (twice)? Say it ain’t so!
September 7th, 2010 at 9:09 am
I was wondering about the addresses too. The tiny drawing isn’t exactly helpful.
The sellers ought to have listed with a company specializing in commercial real estate because if they think someone would want to live on this land for $1.5M they’re on drugs. I’m assuming the price is for all three parcels together. The listing firm doesn’t even have a website; the only firm I found with a quick search was in Myrtle Beach.
September 7th, 2010 at 9:31 am
I’m going to buy today, install a few light bulbs, rent them out for 10 years, and make an easy $1.5M, or more. It’s hard work, but someone has to do it.
September 7th, 2010 at 10:48 am
I was thinking meth lab and Web 3.0 startup so I’m perfectly sheltered.
September 7th, 2010 at 2:16 pm
You don’t have to do ANYTHING. Buy now. Just buy! PA properties almost never come on the market.
Buy, and in 10 years, it will be double in value. Now you’ll have spent like $2M in upfront + taxes, but don’t sell now at a profit – KEEP holding for another 10 years – you’ll just get richer and richer!
It’s so simple…a child could do it.
September 7th, 2010 at 3:41 pm
You got it, A. Lewis. Except for one thing – It’s a matter of qualifications. You have to have sufficient access to capital for the privilege of having an RBA house pay you.
September 7th, 2010 at 4:33 pm
You don’t have to do ANYTHING. Buy now. Just buy! PA properties almost never come on the market.
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Don’t forget that once you buy a property in PA, you don’t need anything else for your future – neither other investments nor savings. Your PA property will be infinite ATM machine. Stop funding your retirement and stop saving for your kids education. Just buy a property in PA.
That’s the secrets to becoming wealthy through real estate shared by our real estate expert.
September 11th, 2010 at 4:35 pm
Another great find: http://www.redfin.com/CA/Palo-Alto/3045-South-Ct-94306/home/1470844
Listed @ $899,950. Sold a week later @ $1.28M. Beautiful!
February 23rd, 2011 at 3:44 pm
Sold for $750K. 50% off in fortress Palo Alto!
http://www.redfin.com/CA/Palo-Alto/1820-Ash-St-94306/home/595737
February 23rd, 2011 at 6:24 pm
Holy sh*t, that’s a lot of instant equity!
February 23rd, 2011 at 8:04 pm
Yeah, these values were real… Really..
December 29th, 2011 at 5:37 am
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