Here’s a great find from burbed reader Herve, who says, “Check out that location and tell me if anyone would want to spend $1,250,000 there.”
$1.25M in Menlo Park? That’s not out of line at all for a larger house. Menlo Park has some very nice neighborhoods. Unfortunately, this is not in one of them.
1151 Windermere Ave Menlo Park, CA 94025
Sq. Ft.: 2,330
$/Sq. Ft.: $536
Lot Size: 5,403 Sq. Ft.
Property Type: Detached Single Family
Year Built: 1947
Community: East of U.S. 101
County: San Mateo
On Redfin: 14 days
NOT AN REO OR SHORT SALE!!! 5-6 BED, 3 BATH, 2 STORY HOME LOCATED ON A GREAT CORNER LOT WITH RV ACCESS, 2 MASTER SUITE AND CENTRAL HEAT AND AIR. TOTALLY REMODELED IN 2006. MUST SEE TO APPRECIATE!
What is the price point when a listing isn’t in all-caps? Silly me, I had thought it was in six-digit land. Guess the rules are different when the listing is NOT AN REO OR SHORT SALE!!!
The first photo above seemed odd, because it looked like it was taken from a street behind another street. It was:
At least Howard street doesn’t go through; there’s a sidewalk cutting it short. Nothing like living at a five-way intersection for great feng shui. And nothing like the neighborhood for great property values:
Oops. This place isn’t just on the Wrong Side of of El Camino Real. It’s in the exciting community of Belle Haven, Wrong Side of 101! Let’s see how Belle Haven compares with its zip code.
Um… wow. Guess they came up with that $536 a square foot price by averaging the neighborhood cost per foot with the whole zip code. But look, the house sold for $145,000 in 1989, right as the last bubble was running up, It’s more than doubled in 20 years, so it has to be in the Real Bay Area! Plus it was TOTALLY REMODELED IN 2006. This is definitely the neighborhood to do an expensive remodel (did you see that Jacuzzi?), because the price has nowhere to go but up, up, up!