Okay, please hold the pedantic corrections, we know it’s called Santana Row. “Santa Row” is a Burbed inside joke because of this listing. (Someday I am going to create a Burbed page of all the inside jokes with links to the original first misuse. Please send in your contributions for this project and you can get your handle on a permanent Burbed page. Wow!)
Anyway, here’s a look at all the terrific appreciation an investment in a Santa Santana Row Home would add to your balance sheet! Get ready to shout… INSTANT EQUITY! Thanks very much to Burbed reader Petsmart Groomer for some of these fascinating stats, which I find almost as scrumptious as zip code lists. Of course I had to throw in some BUNUS listings. (That’s another one.)
$390k today (short sale) “Enjoy of the night life of Santana Row.”
333 santana row (sorry, no unit number given, might be this one, pending 5/4/11)
$440k today (pending) “full length silk curtains w/ remote”
There’s much, much more after the break. Much, much, much more!
FORECLOSED at $443,520 (4/28/11)
$559k (5/6/11) “Regular sale, no waiting or disappointments”
listed for $720k (9/28/10)
price dropped to $620k (10/15/10)
price dropped to $520k (1/24/11)
sale pending (3/1/11)
relisted $520k (5/17/11) (short sale)
Listed for $749,000 on 8/27/08, dropped to $619,000 6/24/10. Price is still too optimistic in this For Sale By Homedebtor.
FORECLOSED at $468K (4/13/11)
FORECLOSED at $562,500 (5/29/08)
Well, maybe the DeForest Building is bad luck. Let’s try another building.
listed $559k (2/3/11)
$455k today “Not a short sale but priced like one!”
$419k today (pending, since 3/29/11) “Controlled access building”
$475k today (pending) “PERFECT FOR PROFESSIONAL, COUPLES AND FIRST TIME HOME BUYERS!”
$1,298,000 today “Santana Row Villa space at a loft price!” “$200K in upgrades”
This is the mandatory WTF entry in an otherwise consistent list of price opportunities for YOU, the BUYER. But we know this strategy: $200K in upgrades, and buyer demands a profit on them.
$474k today (pending) — Only unit in Santana Row located in Campbell! Ignore that 951 zip code, it says Campbell!
$320k today (pending) — love the cute, tiny photos in the listing. “Super clean !!!”
$250k today (pending) “Short sale and due to litigation, all-cash offers only.”
Ruh-roh. First listed in December 2006, and lots and lots of listings between then and now, including one at $464k for two and a half years. Never a good sign when Zillow has two different entries for the exact same place.
FORECLOSED $269,966 (2/17/11)
listed $329k (3/11/11)
$309k today “Normal sale!” “Vacant.”
$299k today (pending) “on the 2nd floor of the building”
$300k today (pending) “Perfect for the young executive”
$72,000 (11/21/08) – Neither of these were arms’ length transactions. Looks like someone gave the broker a really close-in series of servicings.
FORECLOSED at $453,279 (12/28/10) – Yup, buy it at $72,000 and still lose half a mil on it.
$320k today (pending, says sold for $325k on 4/1/11, joke’s on somebody because the fees are $485 a month)
I wouldn’t worry about any of those nuisance price reductions above. Everything at Santana Row has a Walk Score of 91. Walker’s paradise, baby!