On Sunday, we took a look at some expensive home sales that Zillow Blog selected for their pricing and our amusement. Now we’ll look at the Real Bay Area high-priced sales that went through this past year that they couldn’t be bothered to profile, even though many of them could have qualified for the list based on sale price.
Do you expect to see price reductions similar to what the other homes went through? Let’s find out!
Sold on 10/28/2010: $15,400,000
<img missing due to burbed’s terrible admin skills. working on restoring>BEDS: 5
SQ. FT.: 9,472
$/SQ. FT.: $1,626
LOT SIZE: 4 Acres
PROPERTY TYPE: Detached Single Family
YEAR BUILT: 1906
COMMUNITY: Central Woodside
COUNTY: San Mateo
ONE OF THE MOST SPECTACULAR ESTATES ON THE SF PENINSULA. A MASTERPIECE BY RENOWNED ARCHITECT, BERNARD MAYBECK, WHOSE MOST NOTABLE PROJECTS INCLUDE THE SAN FRANCISCO PALACE OF FINE ARTS. ITALIANESQUE VILLA ON OVER 4 ACRES. GRAND SCALE ROOMS & DESIRABLE FLOORPLAN, BASEMENT & WINE CELLAR. 2 BEDROOM GUEST HOUSE, 4 CAR GARAGE W/ MOTOR COURT, POOL & GARDENS. LOCATED MINUTES FROM THE VILLAGE OF WOODSIDE.
<img missing due to burbed’s terrible admin skills. working on restoring>Oooooh, I’m excited already. This agent was selling a property that was going to net him a $450,000 commission, which is more than some houses in San Mateo county cost, and he couldn’t be bothered to turn off the CAPS LOCK key. That’s either extreme confidence or extreme ineptitude. Which do you think it is?
When the property description calls it a “possible horse property,” in a location known for drawing horse-lovers, I would lean toward the latter. The place sits on four acres, so there should be enough room to keep a horse or two.
You know, if I were showing this place to clients, and I knew that some nominal percentage of people who want to live in Woodside would ask me if they could keep horses, and I knew that I could be making enough from this transaction to buy two houses in East Palo Alto outright, you bet your riding boots I’d have researched this beforehand. I mean, what does it take? Either, “Yes, you could put in a barn here, and here’s the closest set of trails,” or, “No, most of the property slopes 79% and I wouldn’t even recommend you put in a garden shed for fear of triggering a mudslide.”
Also whoever was selling this property didn’t want to deal with any arriviste social climbers. All cash, no loans it says. At least this one wasn’t sitting on the market too long. Listed in June for $17,500,000 and sold by October at a 12% markdown. Just 12%! That’s better than nine out of the ten non-Bay Area properties.
We told you it was Special here.