Now don’t get too excited, but you can walk to anywhere from here: University Ave shops, theater, library, train station, even Steve Jobs’ house! Best of all, the asking price on this charming vintage bungalow is less than you’d pay for a boring 1950s tract house in Sunnyvale.
Sq. Ft.: 1,360
$/Sq. Ft.: $734
Lot Size: 5,600 Sq. Ft.
Property Type: Detached Single Family
County: Santa Clara
On Redfin: 8 days
Classic Dwntwn Craftsman w/ countless period details: coved ceilings, hardwd floors, true-divided light windows, substantial moldings, trim, & built-in buffet. Remodeled kitchen & baths. Enclosed front porch. Yard is garden oasis. Deck off kitchen for al fresco dining. Pergola in backyd for entertaining. Small sun room off of master bdrm serves as nursery/office. Walk down cellar for extra storage.
I love period details! So if this place was built in 1914 I should expect an outdoor privy, gas lighting, a wood stove for cooking as well as heating the entire house, and maybe a delightful row of tiny headstones in the back yard — for all those infants who passed away before penicillin and routine vaccinations.
But the real reason this house is here today was our Caption Contest Winner, ymous, wanted a house in 94301 selling for at least 10% less now than in 2006. I’ll keep looking for just such a house, but I think I found an even better one. Just check out this property history:
Property History for 352 MIDDLEFIELD Rd
Oct 20, 2010 Listed $998,000 — MLSListings #81051038
Feb 28, 2001 Sold (Public Records) $830,000 — Public Records
Yes, you read that right. This house sold for 15% less than today’s asking price… nine and a half years ago. So if this house goes for the wishing price, the owners will have made a whopping 1.96% a year on their investment, and if we take out the standard 6% for the agents’ commissions and 1% for moving and related expenses (7% total), that’s a net profit of 1.18% a year. I bet they’re so glad they bought this house and not a bag of useless gold coins!
Sure it’s on a busy street, just one house away from an even busier street. I guess neither of those streets were busy in 2001 when it traded hands then. Yeah. That must be it.