January 11, 2011

Most Expensive Sale 2010 – San Mateo County

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!

145 Josselyn Ln, Woodside, CA 94062

Sold on 10/28/2010: $15,400,000

<img missing due to burbed’s terrible admin skills. working on restoring>BEDS: 5
BATHS: 6
SQ. FT.: 9,472
$/SQ. FT.: $1,626
LOT SIZE: 4 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Traditional
STORIES: 2
YEAR BUILT: 1906
COMMUNITY: Central Woodside
COUNTY: San Mateo
MLS#: 81035104
SOURCE: MLSListings
STATUS: Sold

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.

Comments (30) -- Posted by: madhaus @ 5:15 am

30 Responses to “Most Expensive Sale 2010 – San Mateo County”

  1. nomadic Says:

    Does anyone think this place was really purchased with all cash? I personally doubt it. However, those notes may have been on the listing to discourage any prospective buyer from putting a financing contingency on their offer.

  2. madhaus Says:

    Hmmm, so does the lack of comments reflect the readership’s disinterest in overpriced megamansions? Because there’s plenty more where this came from.

    Don’t worry, we got more crapboxes in the queue. Got to keep everyone happy.

    Anyway in the absence of post voting (like or dislike the article as opposed to a comment) feel free to use this comment for that purpose. Over at Daily Kos it’s known as the Tip Jar.

  3. SEA Says:

    I can only imagine how fast those zip code posts would be hidden if there was post voting.

  4. Real Estater Says:

    Man, a bunch of idiots who don’t know how to drive in the rain making a mess on 101!

  5. waiting_for_the_fall Says:

    the likes/dislikes isn’t working.

  6. bob Says:

    Hmmm, so does the lack of comments reflect the readership’s disinterest in overpriced megamansions? Because there’s plenty more where this came from.

    Could be… who knows. None of us could afford any of those houses. Most in the Bay Area can barely afford the small house they live in now. Thus looking at such houses is akin to “lifestyles of the rich and famous”.

    But in regards to the mention of this property being “Possible horse property”, well what exactly is that supposed to mean?

  7. nomadic Says:

    Sure it is: RE has given me a -1 on every post I made today. It’s good for his hand/eye coordination. :-)

  8. Real Estater Says:

    nomadic,

    I gave you the benefit of the doubt. You’re not quite as generous.

  9. nomadic Says:

    Yes, I am (generous). I just gave you a +1 for the last comment.

  10. waiting_for_the_fall Says:

    the likes/dislikes only count if you sign in and post a comment.

  11. madhaus Says:

    #8, #9 is the nicest guy here. If #9 says he didn’t downrate you, that’s the truth.

    Question for you, #8: Did you downrate any comments? Someone voted down a bunch of them, especially those by #9. Now who else here would take issue with Mr. Patchouli? (Certainly not Strat Chick.)

  12. Real Estater Says:

    Just my 2 cents. I think the voting only serves to create new controversies. Many posts will be trolling around who voted for/against what, rather than discussing real topics.

  13. Alex Says:

    haha

    I gave #8 a thumb down.

  14. madhaus Says:

    #12, you don’t say.

  15. Real Estater Says:

    More on #12. The voting also opens to door to those who try to play games. There’s no way 7 people voted down on an innocuous comment such as #8. There are not even that many people on the board right now.

  16. SEA Says:

    #12, “Many posts will be trolling around who voted for/against what, rather than discussing real topics.”

    And who might write those many posts?

  17. DreamT Says:

    #15 – who says?

  18. madhaus Says:

    #17, he didn’t say.

  19. waiting_for_the_fall Says:

    it’s funny how all of Realtard’s comments are voted thumbs down, no matter what he says.

  20. nomadic Says:

    We should only vote down the ones where he’s being negative about other posters. That still might be every post, but at least he’d have a chance to “help” others with his real estate-related opinions.

  21. A. Lewis Says:

    I don’t know if post-voting is right or wrong, but I am extremely pleased with the results. And if I really want to read what Real Estater wrote, it’s trivial to click to see.

    Heck, one of them had so many thumbs-downs, I was curious! It’s great. PLEASE KEEP IT, at least for a while.

  22. A. Lewis Says:

    #20 is write – if it’s neutral, why bother to click on it?

    More importantly, if he makes a post that you think is valuable, it’s important to mark it thumbs-up, not just ping him for past digressions. This goes for everyone.

    I personally would love to see slash-dot style ratings and viewing options, but that’s a whole ‘nother comment system.

  23. A. Lewis Says:

    How on earth – I swear I changed “write” to “right” in post #22…sorry.

  24. anon Says:

    This comment voting is great. Real estater can finally see how little his ‘help’ is appreciated.

  25. madhaus Says:

    Wow, so much love for comment #8. I’m impressed. And comment #15 broke my irony meter.

  26. A. Lewis Says:

    Please send me a link to purchase an irony meter. I have also been looking for a sarcasm meter.

  27. bob Says:

    I don’t know if I really like the new rating system. I rather enjoyed reading RE’s amusing comments. They add a lot of color to the site and give others a reason to make replies. Now they are all hidden. Pooh!

  28. Tuno Says:

    #21 “And if I really want to read what Real Estater wrote, it’s trivial to click to see.”

    well, that’s true, A. Lewis. however, then you have to acknowledge to yourself that you have made a positive action in the direction of listening to RE. and that is a shameful thing.

    I do think it’s too bad that RE is getting negative votes for innocuous comments. Positive reinforcement is supposed to be very effective.

  29. Most Expensive Sale 2010 – Santa Clara County | Burbed.com Says:

    [...] we showcased the most expensive sale last year in San Mateo County, a $15M property in Woodside.  Can Santa Clara beat that?  Yes we can! But only if we count the sale of a mobile home park.  [...]

  30. louis Says:

    I like the house. it’s designed by a renowned architect, is historic, and beautiful. Redwoods shade the yard and a nice creek flows thru the back. private lane, teeming with wildlife. exquisite workmanship, the house cost porlly $22M to build, so $15.4M looks like a steal. serene, quiet, warm, yet magnificent. not buildable anymore.


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