October 8, 2010

Wishing Price: A Million. Good Luck With That.

In the Real Bay Area (RBA), there are many homes listed with seven-digit prices.  Some places that are almost, but not quite, RBA also have million dollar properties.  Then there are the locations where a seven-digit listing is as sensible as a particle accelerator at a rummage sale.

1346 Grand Blvd  San Jose, CA 95002
$999,000

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Beds: 4
Baths: 4
Sq. Ft.: 2,574
$/Sq. Ft.: $388
Lot Size: 6,098 Sq. Ft.
Property Type: Detached Single Family
Style: Mediterranean
Stories: 2
View: Mountains
Year Built: 2009
Community: Alviso (Santa Clara County)
County: Santa Clara
MLS#: 81017512
Source: MLSListings
Status: Active
On Redfin: 178 days

Fabulous one year new Mediteranean home. 2,474 sq. ft, 4 bed, 3 ba. Plus 500 sq. ft. studio apartment (rented $825). Marble entry & floors. Recessed lighting, Luxury fixtures. Granite, maple, and stainless kitchen. Huge master suite with jacuzzi tub. Skylights. 1,000 sq. ft. bonus room. Over 4,000 sq. ft of living space! 4 car finished garage. Slate entry with custom doors. Views of mountains.

Wow.  Who knew you could find a “Mediteranean” home with marble entry and floors with jacuzzi tub… in ALVISO?  In case nothing comes to mind when you read “Alviso,” here’s a couple of things to remember.

  1. Aviso is Spanish for “notice.”  So you had better be on notice if you’re considering Alviso.
  2. Sometimes a picture says a thousand words.  Sometimes a picture just says “Stay the heck away.”

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Okay, so Alviso isn’t exactly RBA, but there are still pockets of nice areas to be found almost anywhere.  For example, today’s featured house is on a GRAND boulevard.

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Um, yeah.  Nothing like a traffic signal in your front yard.  It will keep the kids amused for hours!  Speaking of kids, let’s see if the nearby schools are any good.

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No schools less than 700 miles away?  Cool!  Must be due to the wormhole on North 1st Street!

Comments (6) -- Posted by: madhaus @ 5:04 am

6 Responses to “Wishing Price: A Million. Good Luck With That.”

  1. SEA Says:

    Who would you rather be:

    1. The renter renting the 500 square foot studio apartment for just under $10k per year.
    2. The next owner of this place for just under $1M, most likely purchased using other people’s money (OPM).

  2. ES Says:

    It’ll be funny to track the falling price of this over the coming months then watch it pulled from the market.

  3. madhaus Says:

    Right up the Grand Boulevard is another piece of inappropriate new construction, almost as expensive. But the exterior photos are astounding. As in “how can you think these flatter the house you’re purportedly selling, and still have a job?”

  4. Joe Says:

    DOW above 11,000! Recession is over. Foreclosure moratoriums! It’s a great (I mean the best) time to buy!

  5. Tuno Says:

    It’s not a flood zone – it’s the American Nile, perfect in an economy of skyrocketing commodity prices. When rice is as costly as gold, the buyer of this property will be the envy of us all.

  6. madhaus Says:

    Delisted October 11th, and no link to this article. Coincidence?


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