September 28, 2010

This house in Mountain View spells victory

$748,000

image

Beds: 3
Baths: 2
Sq. Ft.: 1,116
$/Sq. Ft.: $670
Lot Size: 5,000 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 1
Year Built: 1954
Community: Thompson
County: Santa Clara
MLS#: 81039221
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 29 days
This great location in popular Monta Lorma, Ready to move in, Garage partially converted into bonus room with extra bath, Easy access to 101 & shopping. Open 8/8 1:30-4:00PM.

You know what smells like victory? No… not napalm. A house in Mountain View that’s $670 per square foot!

And even better, it’s got a garage that’s partially converted into a bonus room with extra bath! That means you can both park your car in it, and take a shower – the ultimate Californian dream! Just think of how jealous your snobby east coast friends will be when they see your amazing palace! They’ll turn the same shade as that wall in the 2nd picture.

And that’s when you have it… the pride of ownership. Victory. 529. In Mountain View.

Comments (14) -- Posted by: burbed @ 5:16 am

14 Responses to “This house in Mountain View spells victory”

  1. CB Says:

    Price now $719K. Bought in 2004 for $588K. $131,000 ain’t bad for two painted walls and Ikea kitchen, right?

  2. SEA Says:

    CB- …and six years later, if it sells soon, and sells for the asking price. The $131k might be nice if it were a quick flip.

  3. madhaus Says:

    This would be a great house for fans of 1984. You could tell your friends you live at Victory Mansions. The cognitive dissonance between the aggresively confident brand name and the terrible quality is straight from the book.

  4. AlexGroomer Says:

    Having such a kitchen and front door in an Eichler is a style faux pas.

    From http://johnfyten.com/eichlers_mountain_view.htm:

    Architecturally it’s a sort of 7/8ths scale replica of South Palo Alto, all contemporaries all the time, except that the homes are even smaller here. Eichler was active in Monta Loma in 1954, building over 200 homes in a tract called Fairview. They’re 3-bedroom/2-baths, almost all of 1116 sq.ft.

    Sure enough, this one is 1,116 sq ft.

  5. nomadic Says:

    Having such a kitchen and front door in an Eichler is a style faux pas.

    It’s better than the Pergo floor I saw in a $2M house last weekend.

  6. nomadic Says:

    From the listing: Court Confirmation Is Required

    Death or divorce?

  7. Zak Says:

    Burbed,

    These are homes that are listed for sales. Could you please cover some homes that actually sold.

    I was interested in seeing how high the overbidding is these days. How long does it take to sell these fabulous homes? What is the final price per square feet?

    Where I live (miles away from RBA) new homes sell for around $150 per square feet. These include hardwood floors and lots of high end features. Slightly older homes (20 years old) with standard kitchens and flooring go for $100 per square feet. Even these older homes look a lot better than the one we are discussing currently. Then again this is a VICTORY home in RBA. Is Mountain View back in RBA?

  8. Joe Says:

    Another 56 year old home for 3/4 million that I’d love to pay for the next 30 years…

    Even with 20% down, you’d need a couple making over $200k/year wanting to pay for this POS for 30 years!

    Who are these f*cking fools?????????????????????

  9. madhaus Says:

    #7 Zak, I’m not burbed but I’m going to answer you anyway.

    Homes that have already sold have their pictures and listing copy removed from Redfin. Without either of those, it’s much harder to do justice to a featured home.

    Besides, my secretary, AlexGroomer, has been helpfully following up and adding final sale prices to some of the homes already featured on the site. That’s what I call a win-win. But if you have a good example of a house you know something about going for a WTF price, or a really serious haircut, or better yet, a long list of price reductions chasing the market down, feel free to send it in to burbed@burbed.com as a contribution.

    By the way, how many miles away from the RBA do you live? burbed does feature homes in the non-RBA on occasion. But currently the site is in recovery from the two East Bay listings last week.

  10. nomadic Says:

    Homes that have already sold have their pictures and listing copy removed from Redfin.

    uh-uh, madhaus. The pictures and listing copy are usually still there. I’ve seen pics left up from houses that sold a year ago. :-D

  11. Petsmart Groomer Says:

    > I was interested in seeing how high the overbidding is these days. How long does it take to sell these fabulous homes? What is the final price per square feet?

    I think it’s a great idea. I quickly put something together here, I hope you like it.

  12. Alex Says:

    #7, Zak,

    Here, in the RBA, the overbidding is enough to pay for your kids’ college. And the houses practically sell themselves.

    Buy now! The water is warm! Come right on in!

  13. Zak Says:

    Petsmart,

    Thanks. That is what I was looking for.

    So the prices per square foot went from 385 down to 290 and is up to 360 now. I think that is a very healthy recover. The sales volume is low (1,000 homes sold for 4,800 listed) but that is always the case for Bay Area. With such premium prices only the select few can afford to buy.

  14. SEA Says:

    Zak- We need to be sure that similar homes are being sold/purchased (i.e. the mix of homes sold is the same). Let’s take “the prices per square foot went from 385 down to 290 and is up to 360 now.”

    How can we be sure that back when the average was $385 per square foot what was selling for $400 per square foot, or more, isn’t selling today for $360 per square foot, or less, and thus, while the per square foot price is increasing, the gross cost is decreasing. Or, put differently, prices on homes above $360 per square foot have gone down enough to attract buyers.

    Thus selling prices could be going down while per square foot prices are going up.


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