October 18, 2010

Ghetto Living in Los Altos

burbed readers have been asking for particular kinds of listings.  There were a number of requests for poor quality homes in bad neighborhoods with bank documentation piled to the third floor.  Then a new reader notes that nobody wants to see boring everyday homes, people want to see expensive, overdone places they could never afford.

How can we please everyone?  Good thing burbed reader sonarrat sent this listing over!

986 Seena Ave, Los Altos, CA 94024
$1,389,000

image

On a charming Cul-de-sac, superb neighborhood near wonderful Rancho Center that includes botiques shops, resturants, & gourmet grocery. Top rated Los Altos Schools. Spacious Family kitchen granite Countertops, Sub zero Refer, Thermador Appliances Wine Cooler. Garage conversion done with out permits(4th room) prior owner. Tenantive sketches of outrageous new floor plan O/H Sunday 1:00-4:00

This is great burbed listing copy.  It isn’t in all caps, but it mangles the English language.  Plus, it blames the previous owner for turning the garage into extra living space.  Cool! This place will feel just like Redwood City near 101!  But wait, there’s more!  There’s an outrageous new floor plan overhead.  Maybe it’s near the botiques shops, resturants & gourmet grocery.

Too bad we missed the open house yesterday, but it was only tenantive.  That means they were just showing the the converted garage.  You know.  The rental unit.

Comments (11) -- Posted by: madhaus @ 5:05 am

11 Responses to “Ghetto Living in Los Altos”

  1. Petsmart Groomer Says:

    Last sold in May 2008 for $1,360,000.

  2. nomadic Says:

    Thanks for the Redfin link, groomer. I hate when the posts don’t include it. (hint, hint)

  3. madhaus Says:

    #2, what are you talking about, ponytail dude? The link to the Redfin listing is the same place it’s always been: on the address.

    Tee hee hee. Nah, seriously, sorry about that. Thanks for calling it to my attention. I did have my secretary post the link for you, though, until I could finish that meeting with Tim Geithner.

  4. SEA Says:

    “Last sold in May 2008 for $1,360,000.”

    Clearly not in the RBA. RBA real estate is a “long-term” investment. Besides, what RBA owner would want to sell within three years? What RBA home would appreciate less than the selling expenses after more than two years?

    My guess, and it’s only a guess, is that the current owner suddenly found that 4th room, or maybe a new busy street or two. Or maybe he needs to live in the place for 30+ years?

    And we all know that suddenly finding a 4th room is very unlucky.

  5. ymous Says:

    Nice example of an over-priced ordinary home. 1500 sqft – how boring! If it goes for less than $1.36M, this automatically disqualifies 94024 from the RBA, right?

  6. SEA Says:

    ymous- Yes, clearly if it sells for less than $1.36M this place is out of the RBA. To remain in the RBA, assuming it once was in the RBA, it really needs to sell for a minimum of $1.36M*1.072^2= $1.56M. Even if the RBA is shrinking in land area, the RBA price gains have not slowed!

  7. sonarrat Says:

    This house appears to be radiating something. Perhaps it’s panache.

  8. madhaus Says:

    #7, nah. It’s radon.

  9. Real Estater Says:

    We need a feature on Los Ghettos. Does the piggy tailed guy want to volunteer?

  10. SEA Says:

    Real Estater- “Intel unveiled a mammoth expansion this morning, outlining a multibillion-dollar project that will remake its advanced Ronler Acres campus.”

    The only problem is that Ronler Acres is in the Silicon Forest.

  11. ymous Says:

    The New York perspective on how much school districts affect housing prices:

    http://www.brickunderground.com/blog/2010/10/how_much_is_your_school_zone_worth

    Apartments in the best districts sell for over $1,800/sqft!


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