July 26, 2011

* TOO MANY FEATURES TO MENTION * * *

Today’s featured home shows that even at the very top of the housing pile, you can still find an agent cutting corners.  Or in this case, bulldozing them.  This entry is not only courtesy of Burbed reader Swan, it was written by Swan as well.  Yes, that means we have a new Guest Blogger for you to enjoy.

So let’s take a trip through the wilds of Woodside, and find out if it’s still the Real Bay Area.  And please give a warm, RBA welcome to Swan!



925 MOUNTAIN HOME Rd, Woodside, CA 94062
$13,900,000

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BEDS: 8
BATHS: 10.5
SQ. FT.: 18,260
$/SQ. FT.: $761
LOT SIZE: 8.7 Acres
PROPERTY TYPE: Detached Single Family
STYLE: French
STORIES: 2
YEAR BUILT: 1991
COMMUNITY: Central Woodside
COUNTY: San Mateo
MLS#: 81128695
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 26 days

THIS STUNNING ESTATE FEATURES +/-8.7 ACRES IN ONE OF THE MOST PRESTIGIOUS AREAS IN WOODSIDE * MAIN ESTATE FEATURES +/-18,000 SQ FT * FLAT, SUNNY, LEVEL SITE * CIRCULAR DRIVEWY * HORSES PRMITTED (VERIFY W/ WOODSIDE) ON PROPERTY * GREAT WOODSIDE VALUE WITH POOL HOUSE AND TENNIS COURT * TOO MANY FEATURES TO MENTION * * *

 

I think the comment of “TOO MANY FEATURES TO MENTION,” is code for “I’m too lazy.”  For example,

  1. I’m too lazy to turn off the CAPS LOCK.
  2. I’m too lazy to put the E in PRMITTED and the A in DRIVEWY.
  3. I’m too lazy to turn the flash on when I take pictures of the living room.
  4. I’m too lazy to make the swimming pool look inviting.
  5. I’m too lazy to change the date on my camera.  As a result, some of the pictures are dated December 20, 2003.  Maybe that’s why the pictures are so dark.  2003 is back in the dark ages before smartphones, the iPad, and Burbed (sorry, don’t know the birthdate of Burbed).  (February 4, 2006, with this Redwood City beauty. –ed.)
  6. I’m too lazy to ask someone, preferably the maid or butler, to clean up the island and countertop in the kitchen.  By the way, what is the red mystery object on the lone chair at the island?  At first, I thought it was a tomato.  On further inspection, I think it’s a Kong toy for dogs.

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A simple search on Google yielded some better representations of this property.

  1. http://www.commorancyproperties.com/925mountain_home.htm.  Note the clean kitchen and bright living room.  How about the woodwork around that fireplace?  And, wait a minute!  It’s got an indoor pool with retractable roof!  Who knew?
  2. http://www.kerinicholas.com/ has a virtual tour.  But, OOPS!!, if you go to the tour, the price is listed as $13,900.  What a steal!
Comments (18) -- Posted by: madhaus @ 5:03 am

18 Responses to “* TOO MANY FEATURES TO MENTION * * *”

  1. z2amiller Says:

    One feature they didn’t mention was that the monthly mortgage payment would be more than the median post-tax yearly household income in Santa Clara County.

    Re: Laziness point #3, you underestimate the brilliance of this photo. It actually WAS taken with a flash, but illustrates that the living room is SO large, that the flash from a normal camera is insufficient to light it.

    That kitchen looks like it has more sqft than my first apartment, and there is still crap stacked on every available horizontal surface. Are functional cabinets for the plebes only, or was this place previously (currently?) owned by one of those extreme hoarders. Maybe that is another feature, maybe you’ll move in and find hoarded stuff stashed behind the furnace vents and in the secret room behind the bookcase. (If it is over 15,000 sqft and does not have a secret room behind a bookcase, it is not up to code – full disclosure for the next owner)

  2. madhaus Says:

    The kitchen photo is saying, “We are constantly entertaining, because we are the idle rich. Oh, damn, you caught us, we don’t have any friends and we can’t be bothered to hire decent help.”

  3. Petsmart groomer Says:

    > sorry, don’t know the birthdate of Burbed

    You were too lazy to click on ‘last’?

  4. Mole Man Says:

    The Mountain Home Road area has mediocre if any views, is more or less up against 280, and until recently had some long time residents with such earthy habits as skinning their own rabbits. Funky might be a better word. All of the other areas of Woodside have more prestige, even the lesser plots near Skyline.

  5. nomadic Says:

    I wonder why court confirmation is required for the sale? Nasty divorce? That could explain the crappy listing, photos and dirty kitchen. The little woman doesn’t want the place to sell.

    Love the sofa by the pool. It would look better on the front porch, but that’s a decent alternative.

  6. SEA Says:

    #5- That’s an indoor pool!

    Regarding the court approval: My guess, and it’s only a guess, is that the poor conditions are a result of some catastrophic financial event, which could very well be a divorce. That said, this has only been on the market for about a month. Many of those weeds didn’t grow overnight.

    What should one expect for $14M?

    That said, wonder why this wasn’t sold many months ago, not because of real estate market conditions, but rather why was this left to degrade to such a low level? If it is the result of a divorce situation, would both parties have been better off, at least financially, if the divorce would have been earlier.

    We have Mr. Boxster tax give all kinds of tax advice, but if you want to see money sent to the IRS, take a look at the tax returns of those divorcing. Just a tiny bit of cooperation would yield a much lower tax bill.

    Imagine if owners cooperated and rented to each other… lol

  7. nomadic Says:

    #5- That’s an indoor pool!

    I saw that. Don’t care. Still like the porch idea.

  8. madhaus Says:

    Weeds growing all ’round the tennis court. Looks like they can’t afford the garden staff anymore, and they have 8.7 acres to maintain!

    The kitchen staff must have quit before the photos were taken, and the pwn3ders don’t know where anything should be stored.

    PropertyShark thinks this place was built in 1913 and has all of 1,200 square feet. It’s getting less and less useful, plus now free accounts can only look up one listing a day. Such bad food, and small portions, too!

    Three listings on Mountain Home Road with over $10M sales prices, but none more recent than 2003, and no sales listed nearby more recent than 2005.

  9. Swan Says:

    Looks like the owners filed for bankruptcy in June, 2010: bankrupt.com/misc/canb10-32054.pdf

    Their other home recently sold for $9 million: http://www.kerinicholas.com/properties/369-churchill-ave-palo-alto-ca-5-bed-5-bath/

  10. nomadic Says:

    Fascinating, Swan. They had $1M-10M in assets and $10M-50M in liabilities. Also, credit counseling wasn’t required because:

    I am not required to receive a credit counseling briefing because of: [Check the
    applicable statement.] [Must be accompanied by a motion for determination by the court.]
    Incapacity. (Defined in 11 U.S.C. § 109(h)(4) as impaired by reason of mental
    illness or mental deficiency so as to be incapable of realizing and making rational
    decisions with respect to financial responsibilities.);

    He also had $1.5M in back income taxes due to California. I wonder what the value of the $8.5M house in Scottsdale, AZ went down to?

  11. SEA Says:

    WTF: This place, alone, is listed for more than $10M, yet according to the bankruptcy filing, total assets are under $10M?

  12. nomadic Says:

    Yes, and the filing says he has less than $5k in the bank and his only income is from social security… your point, SEA? lol.

    I shouldn’t be making fun. Maybe he had a stroke after being fiscally irresponsible for years. Or he’s a genius at hiding the valuable assets.

    The Palo Alto house appears to have had 3-4 lien holders. They probably got their money back.

  13. madhaus Says:

    The Palo Alto house had about $7.5M borrowed against it and #9 said it sold for $9M.

    I read that entire filing. The monthly household maintenance for the Woodside house (today’s house) is $100 a month. That sounds like it would only cover light bulbs and Drano; we’re talking about an 18,000 sf house! Definitely nothing in that budget for mowing down the danged weeds.

    Also, the total assets were $9M and the total liabilities were $17M; that summary was deeper into the filing. Didn’t see any debts listed on the Woodside property, or its value, for that matter. Maybe it’s because the owner sold it to a company called “Capinvest” in 2006 (per Property Shark).

    #9, how did you find the bankruptcy paperwork?

  14. madhaus Says:

    Churchill Avenue property is over an acre!
    http://www.redfin.com/CA/Palo-Alto/369-Churchill-Ave-94301/home/592016

  15. SEA Says:

    #14- I recognized that lot: Burbed.

  16. Swan Says:

    #13 I just did a Google search of “925 Mountain Home Road.” I also Googled “Capinvest” and results showed it as a Mountain View company owned by the man named in the bankruptcy papers.

  17. The Gilroy Alex Says:

    It’s gonna cost you $10k a month just to keep the place maintained, that’s 5 staff (cheap because you let ‘em live there free) and tools, supplies, etc. Not for the idle non-rich.

  18. kay Says:

    Woodside house has been on the market since 2003 according to the photo. Why does the realtor say beautiful estate but it’s really crappy, tear down not worth even at 4 million.There must be lot of back taxes due on this house.


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