April 21, 2011

Party House in Los Gatos

Here’s a find from Burbed reader nomadic, who keeps unearthing all sorts of delights in Los Gatos.  Thanks very much!

15681 KENNEDY Rd, Los Gatos, CA 95032
$7,495,000

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BEDS: 7
BATHS: 12.5
SQ. FT.: 12,405
$/SQ. FT.: $604
LOT SIZE: 3.58 Acres
PROPERTY TYPE: Detached Single Family
STYLE: French
STORIES: 3
VIEW: Mountains
YEAR BUILT: 1991
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81037550
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 263 days

Everything you ever dreamed of is right here in this magnificent French Chateau Estate. Main house 9,000sf, 6 complete suites, gold leafed fireplace, music room, library, wine cellar. Guest house is 3,500sf with guest suite, caterer’s kitchen, ballroom, theater, game room, onyx bar. Infinity pool, impressive portico, band and dance area many more special features. Incredible estate.

Here’s what nomadic had to say about this house:

imageDo you suppose this house comes with the band, and requires you to board all of the guests seated around the table? I guess for $7.5M you should get live-in entertainment included.

We already had a house ready for a party back at the beginning of the year, but this may be the first time the photos featured a party actually in progress.  Do you think the guests will sue or are they Facebooking their friends to say “Did you see I made Redfin?”  Actually from the age of this crowd I should ask if they’re telexing their friends, that is if they can’t get the houseboy to run down to Western Union.

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Another thing to ask is just what this agent was trying to accomplish with this particular selection of photos.  It’s not so much that they’re bad photo, they aren’t.  But there’s a sameness about them that seems curious in trying to sell a home of this type.

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Also I refrained from breaking out the little red arrows, but we have some mawbul kawlums going on here, or at least kawnkrete.

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Okay, I’ll say it.  Seven and a half megageorges for this house, and they can’t be bothered to photograph the inside?  Maybe they’re trying the exclusivity angle by restricting the view to qualified buyers only.  But I’ve seen enough people pretending they have money when the whole financial structure is cantilevered atop playing cards and toothpicks, or in the real estate world, Different Piles of Other Peoples’ Money.  The upside of leverage is the profit when home prices go up, and the downside, well, if you aren’t smart enough to work that out then you get what you deserve.

Maybe they didn’t show the inside because the FBs can’t afford to furnish the place.

Okay, that was a cheap shot, but Redfin didn’t have a link to any other pictures.  I did go over to Zillow, intending to get the missing listing prices, and they had inside pictures plus they link to the virtual tour.  In a way, I’m kind of sorry I found it.  Not only is this place overdecorated like a simulacrum of “rich people’s furnishings,” the audio track is pseudo-wealthy music, too: the goddamned Pachelbel’s Canon in D.

kennedy_rd_liv_rm

I hate Pachelbel’s Canon with a passion.  Maybe that’s why the house hasn’t sold in more than two years. (253 days on Redfin, my sackbutt.)

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This house may not be on VH1’s I Love the 1680s, but it sure loves 2006.  I say it’s going to party like it’s 1999.

Comments (13) -- Posted by: madhaus @ 5:11 am

13 Responses to “Party House in Los Gatos”

  1. nomadic Says:

    Well done, madhaus. These sellers appear to have bought the place in 1992 for $1.8M so I sure would hope they furnished it by now. For over $7M, their gaudy furnishings ought to be included too. For a celebratory post-purchase bonfire if nothing else.

  2. SEA Says:

    #1- What’s wrong with the price–note: 7.5/4=1.875

  3. ES Says:

    How does one get mortgage information? I suppose I should know, as an attorney…

    I would be curious to see if these people HELOCed or second and thirded this place to the point where 7.5 is breakeven.

  4. SEA Says:

    Almost all mortgages are perfected with the county, but using this methodology one must guess the rate of repayment.

    Generally when there is a series of increasing refinances, it’s reasonable to assume the mortgage is not being paid off in large amounts.

  5. madhaus Says:

    As an attorney, doesn’t your firm have access to LEXIS/NEXIS? I believe they have much better info than is available for free.

    God, PropertyShark ralphed all over this house with a bunch of database spew:

    DBD::Oracle::db selectrow_hashref failed: ORA-00936: missing expression (DBD ERROR: error possibly near indicator at char 54 in ‘ SELECT county,state FROM nycpr.nj_towns WHERE GROUP BY county,state ‘) [for Statement ” SELECT county,state FROM nycpr.nj_towns WHERE GROUP BY county,state “] at /rtx/pshark/cgi-bin/Pshark/Proxy/Dbh/Hybrid.pm line 344. Stack: [/rtx/pshark/cgi-bin/Pshark/Proxy/Dbh/Hybrid.pm:344] [/rtx/pshark/cgi-bin/Pshark/Proxy/Dbh/Hybrid.pm:104] [/rtx/pshark/cgi-bin/Pshark/My/Locales.pm:9503] [/rtx/pshark/cgi-bin/Pshark/Centroids/CentroidTables.pm:1754] [/rtx/pshark/cgi-bin/Pshark/RFS/RFSListings.pm:172] [/rtx/pshark/cgi-bin/Pshark/Access/rfs/rfs_listings.pm:152] [/rtx/pshark/cgi-bin/Pshark/Access/Joined.pm:465] [/rtx/pshark/cgi-bin/Pshark/Access/Joined.pm:493] [/rtx/pshark/mason_v2/Reports2/autohandler:517] [/usr/lib/perl5/site_perl/5.10.1/HTML/Mason/Request.pm:948] [/rtx/pshark/mason_v2/Reports2/autohandler:177] [/rtx/pshark/mason_v2/Reports2/autohandler:563] [/usr/lib/perl5/site_perl/5.10.1/HTML/Mason/Request.pm:948] [/rtx/pshark/mason_v2/Reports2/autohandler:93] [/rtx/pshark/mason_v2/Reports2/listings.html:163] [/rtx/pshark/mason_v2/Reports2/generate_now.html:59] [/rtx/pshark/mason_v2/Reports2/dispatch.html:132] [/rtx/pshark/mason_v2/Reports2/show.html:108] [/rtx/pshark/mason_v2/Reports2/showsection.html:102] [/usr/lib/perl5/site_perl/5.10.1/HTML/Mason/Request.pm:948] [/rtx/pshark/mason_v2/Reports2/showsection.html:51] [/rtx/pshark/mason_v2/Reports2/autohandler:201] [/usr/lib/perl5/site_perl/5.10.1/HTML/Mason/Request.pm:948] [/rtx/pshark/mason_v2/Reports2/autohandler:328] [/rtx/pshark/mason_v2/autohandler:729] [/rtx/pshark/mason_v2/minhandler:260]

    Somebody needs to remind them SQL isn’t short for SQueaL

  6. The Gilroy Alex Says:

    You get a bunch of smelly old people plus the band and …… wait…. what’s THAT wearing the red boots and purplish …. bag? Transgender jester, hey, that’s catchy!

  7. NovaSupreme Says:

    It may sound strange, but, I have imagined 3 oxen making love to each other.

    Can I therefore sue the realtor for lying since I dont find something I imagined in this house??

  8. SEA Says:

    It’s not what you imagine; it’s what you dream!

  9. * Says:

    you’d think with that kind of money, there’d be at least a few attractive people in the pictures.

  10. tuno Says:

    12.5 bathrooms, but only 7 bedrooms. ah, the incontinent rich.

    if they added some ramps, cafeteria trays, and special toilet hand-holds, it would make a great upmarket old folks home

  11. Silicon Valley Luxury Real Estate’s Most Astonishing Webpage Ever | Burbed.com Says:

    […] Marble mammals!  Oh those silly French!  Plus, this is the Party House previously featured in Burbed, with the highest DHO number ever!  Also some kind of stone […]

  12. Party On, in Los Gatos! [Burbed.com] Says:

    […] of my favorite posts was "Party House in Los Gatos."  I noticed this house had come on the market again… Believe it or not, the […]

  13. Real Estater Says:

    Live like a drug dealer


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