September 17, 2010

An amazing deal in the Real Bay Area–Palo Alto!

$1,499,000

image

Beds: 4
Baths: 3.5
Sq. Ft.: 2,347
$/Sq. Ft.: $639
Lot Size: 7,840 Sq. Ft.
Property Type: Detached Single Family
Style: Mediterranean
Stories: 2
View: Neighborhood
Year Built: 2005
Community: Ventura
County: Santa Clara
MLS#: 81040389
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 24 days
Exquisite 5 Year Old Home with beautiful finishes through out. Custom built with formal entry, formal dining room with crown molding, coffered ceiling and wainscoting. The family room kitchen opens to the patio and backyard. Large master bedroom with balcony, walk-in closet and luxurious master bathroom with jetted tub. Groud floor bedroom with full bath. Neighborhood with new and upcoming homes!

Thanks to Burbed reader Brendan for this find!

Wow! Palo Alto for just $639! What an amazing deal! But wait… it gets better!

image

That’s right! The house is right next door to Boston Market! Dinner’s served! No wonder this neighborhood is new and upcoming!

Here’s some notes from Brendan:

    1. The next door neighbor is the boston market parking lot. The lot goes way back behind the property, has garabage and graffiti everywhere. I assure you it’s really great at night time.
    2. Behind the house is a stagnant creek that routinely stinks
    3. Busy el camino real is right there
    4. I’ve personally witnessed guys hanging out in the park near the house during the day rapping at the top of their lungs. NO JOKE

Oh… so it’s lively and colorful as well!

Why move to San Francisco when you can live on the the King of Roads & Boston Market!

Comments (48) -- Posted by: burbed @ 5:43 am

48 Responses to “An amazing deal in the Real Bay Area–Palo Alto!”

  1. Alex Says:

    The house even has a garage for my Pinto! With all the instant equity I’ll be getting, I can afford to add to my collection and send my future kids to Stanford!

  2. maryjane Says:

    > Neighborhood with new and upcoming homes! – NEW Modern home being built across the street.

    See. P*** A*** is so hot they’re STILL building. Just like in a sci-fi movie – - you’ll never be able to kill this market.

  3. Real Estater Says:

    Why are we talking about this house again?

  4. SEA Says:

    Real Estater- Didn’t you want to talk about this area again?

    “I’ve personally witnessed guys hanging out in the park near the house during the day rapping at the top of their lungs. NO JOKE”

    This must be great! I’d love to see guys rap to Beethoven, or Mozart.

  5. SEA Says:

    The description has been changed. It’s basically the same, but there is one line tacked onto the end:

    “NEW Modern home being built across the street.”

    Is this like suggesting your neighbor just purchased a new Porsche? It might be better if the description read, “Your new neighbor just purchased a new 911. You’ll enjoy gazing out your 2005 window at that aircraft quality, as well as their new home. Fortunately you can hide your NUMMI vehicle in the garage.”

  6. Real Estater Says:

    >>Real Estater- Didn’t you want to talk about this area again?

    Why do we want to talk about this undesirable area? Ask Pralay. He knows all about undesirable areas, just as Alex knows all about undesirable women.

  7. SEA Says:

    I’m having a big problem in understanding.

    It appears you’ve connected “undesirable area” and Palo Alto together. Oh, maybe you only want to talk about Real Palo Alto (RPA). Of course RPA is contained within and a big part of the Real RBA.

    This and other $1.5M Palo Alto homes are really for RBA wannabes, who will find out later that they didn’t buy in the RBA–so sad for the suckers who are tricked into buying these $1.5M homes.

    I’m laughing.

  8. maryjane Says:

    I was just stuck in traffic but it was OK because so was the Tesla in front of me. I knew I was sharing the experience with a fellow person from the RBA and it made all the difference.

  9. ES Says:

    Also, what is that on the other side of the house? Is that a small 8 unit or so apartment complex?

  10. A. Lewis Says:

    This is a hilarious listing – I think it’s a great post, spot-on, in the spirit of Burbed.

    Real Estater doesn’t want us to talk about this area, because he tries to make money from Palo Alto real estate, and he is afraid, very afraid, of anything that in any way reduces the reputation and value of Palo Alto real estate.

    The fact that there are crappy, over-priced Palo Alto homes, all too near the ‘best’ neighborhoods for his liking, is a truth he does not want publicized. He wants to control all information about PA, and like Pravda, only publish the party-line view of the world.

    Seeing this listing might help someone realize how overpriced homes in the RBA are, and reduce demand, to his great horror.

    Real Estater: deal with it. Burbed and the other posters will post about whatever houses and neighborhoods they think is entertaining or informative.

  11. Gallileo Says:

    It’s back! Burbed covered this baby a while back.

    But that little detail, “New modern home being built across the street” actually does help the value on this house, because what is there now looks like a transplant straight out of Detroit.

    Of course, that isn’t going to make this house–on the market off and on for well over two years now–worth $1.5M.

  12. maryjane Says:

    Compare this McMansion to 2701 Broadway which just came on the market. Every now and then you have to remember what the RBA used to be.

    http://www.2701broadwaystreet.com/#/showcase/2701-Broadway

  13. Real Creator of Craiglist Says:

    Why do we want to talk about this undesirable area?
    ——

    I vote for removing “undesirable” this area from RBA. And Wrong Side of Middlefield alongwith.

  14. Real Estater Says:

    A,

    I don’t have a problem with talking about any specific house, but we’ve already talked about this one. It’s like somebody walks in late to a meeting, and tries to repeat the same topic that’s already been covered.

  15. Real Estater Says:

    SEA,

    You can’t really do Palo Alto for cheap, just as you can’t do a project for cheap, where you are juggling timeline, resources, and budget. Something’s got to give.

    With this house, you have: Palo Alto prestige, lot size, living space, and only $1.5M. Something major has got to give, and obviously it’s location.

  16. SEA Says:

    Real Estater- “…juggling timeline, resources, and budget.”

    Did you fail project management too? Budget is part of resources (specifically financial resources).

    Try again on the triangle. HINT: You got time and resources–what’s the third leg?

    (I’ll admit you covered the third part with this: “Something major has got to give, and obviously it’s location.” In this case location is also know as what, in project management (PMBOK) terms?)

    “It’s like somebody walks in late to a meeting, and tries to repeat the same topic that’s already been covered.”

    Thank you! It’s about time we get rid of that broken record about how we agreed not to talk about Palo Alto. I thought it would never end.

  17. Real Creator of Craiglist Says:

    It’s like somebody walks in late to a meeting, and tries to repeat the same topic that’s already been covered.
    —-

    Burbed commences “meeting”. He can start any topic anytime he likes. Get used it it, Uncle Estater. It’s his blog (and you don’t have one).

  18. anon Says:

    real excreeeeeter, the only way we can help you is by restating the facts again and again. One of these days you may get it.

    Don’t worry tho – nobody’s holding their breath…

  19. Real Creator Of Craiglist Says:

    I don’t have a problem with talking about any specific house, but we’ve already talked about this one.
    —–

    Ok, ok, ok. Let’s talk about the equity of this property in 94301. After all this is 94301.
    2006 purchase price: $1.67M.
    Listed now: $1.4M.

    Can someone attach four wheels with this property and move it to some “undesirable” location? Far far away from 94301.

  20. madhaus Says:

    Is there any limit to the number of topics that #15 doesn’t understand? Why would restating what isn’t understood make any difference? It’s like yelling at foreigners in hope they learn English faster.

  21. Real Estater Says:

    >>Did you fail project management too? Budget is part of resources (specifically financial resources).

    LOL. Budget is part of resources, or is resources a part of the budget?

    >>Try again on the triangle. HINT: You got time and resources–what’s the third leg?

    The only thing 3 legged here is Alex.

  22. AnotherGenericAlex Says:

    I love Palo Alto. I love how the snobs wander on University Avenue, stepping over a drunk here, politely declining (or accepting) an offer of drugs from a smelly individual there, not-seeing the empty storefronts as they saunter by.

    And I especially love the section of El Camino Real that’s in Palo Alto. The old WWII Quonset huts, the trailer parks, the intrepid night-time median panhandlers, the likker stores and porno shops, there’s no slumming like Palo Alto slumming.

    Buying this house enables one to live this life 24/7. You could get out there and rap with your front-yard rappers, be the “go to” person for condoms and Night Train to the denizens of the 8-room motel, life would be a delight. As “the guy next door” you could probably work out a deal with Boston Market to keep their/your parking lot clean, and eat for free. I’ve never eaten at a Boston Market, but I expect it’s good solid school cafeteria type food, just like they serve at the homeless shelter.

    Finally Burbed sheds its pessimism and presents a house that would be a delight to live in and thus worth the price.

  23. Petsmart groomer Says:

    I would totally read Real™ Estater’s blog.

    The first picture is trying hard to hide the fact it’s a 2-car garage. Real™ Palo Alto houses have a 1-car garage, right?

    Different realtor. Did the previous one do a bad job back in May? nomadic, would you share the house history with us?

  24. madhaus Says:

    #23, did you get a new secretary? I need to know whom in case you’re not there when I send you assignments.

  25. Real Estater Says:

    Top 10 reasons to buy a home now, per WSJ:

    1. You can get a good deal (Why does Pralay not want to buy when the price is low?)
    2. Mortgages are cheap.
    3. You’ll save on taxes.
    4. It’s your house; you can do what you want with it.
    5. You’ll get a better home then a crappy rental property.
    6. It offers inflation protection.
    7. Sooner or later real estate prices will head up again
    8. It’s forced savings.
    9. There is a lot to choose from (outside the RBA, of course)
    10. Sooner or later, the market will clear.

  26. Petsmart groomer Says:

    These 10 reasons come from the same guy (Brett Arends) who wrote this last year: As assets, homes provide only modest annual returns in the long run.

  27. Alex Says:

    Top 10 reasons to delay buying a home

    1) better deals are coming
    2) mortgages will get cheaper
    3) you’ll save more by avoiding the impending price drop
    4) you don’t have to maintain the house (change light bulbs, draino) if you rent for a while longer; if your big sh*t clogs the toilet, just call the property manager
    5) for the same amount of money, you can get a much better rental than a crappy house
    6) you’re protected against deflation
    7) it’s forced saving by not throwing your money away at depreciating assets
    8) real estate ain’t going up for a loooooong time
    9) there will be even more to choose from in a few years
    10) the market will clear in a few years when the shadow inventory is finally put up for sale and the government stop d*cking around with their feeble market-propping measures

  28. Real Estater Says:

    Alex’s points can be summarized in 1 word: Pray.

  29. Real Creator Of Craiglist Says:

    These 10 reasons come from the same guy (Brett Arends) who wrote this last year: As assets, homes provide only modest annual returns in the long run.
    —–

    Brett Ardends! Isn’t the “Verizon Troll” who made case against iPhone.
    One troll quoting another troll. What a surprise!

  30. Real Creator Of Craiglist Says:

    Alex’s points can be summarized in 1 word: Pray.
    —–

    And Uncle Estater’s points can be summarized in one word: Realtard.

  31. Real Creator Of Craiglist Says:

    7. Sooner or later real estate prices will head up again
    ….
    ….
    10. Sooner or later, the market will clear.

    —-

    Instead of “Top 10 reasons”, can we refer them as “Sooner or later reasons”? :)

  32. nomadic Says:

    I’m coming up empty on history. The same trust has owned this place since 2003, and the records imply the owner lives in Mountain View (94040).

    Fantastic job by the previous listing agent. I guess he or she couldn’t help the seller figure out a realistic selling price and they spent a full year tweaking the price every 1-2 months with no results. Luckily, Gallileo posted the listing history last time:
    http://www.burbed.com/2010/05/11/steakhouse-boston-market-or-safeway-part-2/#comment-59433

    Feb 23, 2010 Price Changed $1,499,000
    Jan 20, 2010 Price Changed $1,549,000
    Nov 24, 2009 Price Changed $1,599,000
    Oct 21, 2009 Price Changed $1,650,000
    Aug 24, 2009 Price Changed $1,699,000
    Jul 10, 2009 Price Changed $1,750,000
    Jan 22, 2009 Listed $1,800,000

  33. SEA Says:

    I think we have someone who arrived to the meeting a bit late, but to spare all the others I’ll pick only one:

    Real Estater quoting WSJ-
    “3. You’ll save on taxes.”

    Yes, that’s right boys and girls, for every $1 in interest you spend, you might get to reduce your taxes by a few cents, if you don’t have AMT problems, or other issues.

    Sure you might “save” on taxes, if you ignore all that cash spent on interest. The net of interest paid less taxes saved is always unfavorable.

    I’m sure you’ll be hearing this again soon from the guy who always arrives to the meeting late.

  34. DreamT Says:

    knock knock…

  35. DreamT Says:

    Top 10 reasons to buy a home now, per DreamT:
    1. If you don’t buy it, someone else will. You wouldn’t want to be a loser, would you?
    2. Grass will be greener than your current place, which has none.
    3. You can mock the renters, or treat them with contempt, or just haughtily ignore them
    4. Now you Belong!
    5. Your wife’s happy. Your kid’s happy. If your family’s normal, you’re therefore happy.
    6. Nothing worse than idle money sitting on a savings account. Make it work for you! An empty savings account is a good savings account.
    7. Real Estater will be your friend, or your BFF if you’re Chinese and like to eat at Dynasty.
    8. You’ll get promoted, just like Real Estater. It’s inevitable.
    9. You can stop wondering when is a good time to buy. Done!
    10. You missed your chance yesterday. Care to make the same mistake again today?

  36. DreamT Says:

    Top 10 reasons not to buy a home, by DreamT:
    1. Surprise – you don’t own it – the bank does, then whomever you pay property tax to who can repossess your property.
    2. No matter how many times you water the plants, they still die – or they grow too fast.
    3. That roof shingle flew off again, and what’s up with that toilet anyway. Oops, what’s that sound, was that the tree?
    4. You’d only get pissed off at the renters who don’t keep up their grass and litter the sidewalk. Not to mention the ruffians who dare walk on Your neighborhood park.
    5. There’s no money left for a good old hostile takeover.
    6. You can walk away when the meth lab in the garage explodes. The owner’ll clean it up.
    7. You’ll have enough money left to buy that promotion.
    8. You don’t have to suffer any kind of kinship to Real Estater.
    9. You can mock the homeowners who turn blue every time a foreclosure rears its ugly head in the neighborhood. And nothing compels you to check zillow valuations six times a day.
    10. You were smart enough not to buy in 2006, you’re not going to be dumb enough to buy now!

  37. Real Creator Of Craiglist Says:

    Great posts in spirit of this blog, DreamT.

  38. WSJ’s Top 10 Reasons to Buy a Home | Burbed.com Says:

    [...] Looks like several burbed readers couldn’t wait for this article and the party has already started.  Here are some of the lists they’ve come up with so [...]

  39. nomadic Says:

    Nicely done, DreamT! In #35, I think you missed one: you get to zoom through customs when arriving on an international flight!

  40. John Says:

    Is it just me seeing RE as the leader here, and everyone else just playing Follow the Leader?

  41. madhaus Says:

    #40, no it isn’t just you. I believe Top Dog, Sunnyvale Shopper, Hot Dog, SJ Craig, and a few other puppets of the knitted footwear variety share remarkably similar views. Isn’t it amazing, though, how none of the legitimate readership see it your way?

    But look on the bright side. You have so many animated foot coverings in the same location location location to agree with you!

  42. Real Estater Says:

    John,

    Let the housewife babble. It’s lonely at the top!

  43. SEA Says:

    Yes, John, I suspect you are following Real Estater.

  44. Real Creator Of Craiglist Says:

    Is it just me seeing RE as the leader here, and everyone else just playing Follow the Leader?
    —–

    I love to follow the leader, as long as we can mock and make fun of the leader.

  45. Real Creator Of Craiglist Says:

    In #35, I think you missed one: you get to zoom through customs when arriving on an international flight!
    ——

    But that’s only for Palo Alto homeowners.

  46. Real Creator Of Craiglist Says:

    I believe Top Dog, Sunnyvale Shopper, Hot Dog, SJ Craig, and a few other puppets of the knitted footwear variety share remarkably similar views. Isn’t it amazing, though, how none of the legitimate readership see it your way?
    —-

    Where is SV Shopper? I am waiting for the update for his losing bids.

    Or may be “big on education” wife already left such a loser.

  47. inception Says:

    “Is it just me seeing RE as the leader here, and everyone else just playing Follow the Leader?”

    seriously? RE you created another “John” account to puff yourself up? pathetic. as usual.

  48. Tam O'Shanter Says:

    “…Burbed and the other posters will post about whatever houses and neighborhoods they think is entertaining or informative…”

    Check, Burbie. Whatever happened to your disputes with Craigslist? Did they trample on your free speech as well?


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