Compares well with Mtn View properties
Today we have a guest post from Burbed reader dollarbin. This post came out of an email discussion we had about the last submission and how wonderful it is to live in Google’s backyard. So what could possibly be better than property in Mountain View? I think dollarbin has the answer to that: South Palo Alto. Really, really, really South.
Please give dollarbin a big, warm, Real Bay Area welcome to Burbed’s front page as today’s Guest Blogger!
670 SAN ANTONIO Rd #23, Palo Alto, CA 94306
$615,000
BEDS: 3
BATHS: 2.5
SQ. FT.: 1,382
$/SQ. FT.: $445
LOT SIZE: 1,176 Sq. Ft.
PROPERTY TYPE: Townhouse
STORIES: 1-3 (Low Rise)
VIEW: Neighborhood
YEAR BUILT: 1979
COMMUNITY: South Palo Alto
COUNTY: Santa Clara
MLS#: 81134112
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 73 daysThe BEST DEAL IN PALO ALTO! Compares well with Mtn View properties * Beautiful yard with deck. New paint. New flooring in kitchen and powder room. Granite slab counters, updated baths, stainless steel appliances. 2-car attached garage. Close to commute arteries and shopping. HOA fee includes earthquake insurance. Mtn. View Schools. Monta Loma Elementary (834).
As a matter of fact, I did move into z2amiller’s ‘hood, although our place doesn’t quite have quite as much character as theirs. I will have to give him or her the Burbed handshake at the next Monta Loma secret cabal meeting. We’ve been getting a lot of Burbed love lately, there’s plenty of idiosyncratically maintained and modified houses here.
Here’s another listing that has been amusing me for some time:
"The BEST DEAL IN PALO ALTO! Compares well with Mtn View properties"
This seems like reverse marketing, wouldn’t you want a place in Mountain View to compare with Palo Alto properties? Despite the 94306 address, this place is for all intents and purposes in 94043, including Mountain View schools. We toured this unit back in July, I think it was the third open house we actually went to.
At that time, they didn’t have the fact that it is Mountain View Schools on the listing, and the showing agent only told us when we asked directly. Perhaps they were hoping a buyer would assume Palo Alto Schools and not actually check. Sadly, with the recent price cut, they lose the lucky 8′s though. Hopefully they’ve cleaned the carpets since we toured.
Another curiosity is that it sold for $1,567,500 in 2003, so you’re looking 900K in instant equity.
Actually, I’m not deep in the game, but I’m assuming this price was part of a multi-unit sale, particularly if you look at property tax records.
November 1st, 2011 at 9:20 am
Bonus points to the realtor for being up front (in the listing) about the Mountain View schools. Looks like she (he?) is the seller as well.
November 1st, 2011 at 11:15 am
Wow, from California Street to Monta Loma, I guess dollarbin is stalking me!
I suspect that whoever moves into this property is taking a bet/holding out hope that because it has a Palo Alto zip that eventually the school district lines will drift across San Antonio and magically add 50% to the value of their home (On top of the double-every-5-year rule).
Another value-add to this property is that you get exclusive access to the only section-8 housing with a Palo Alto address, it will be right in your backyard! The apartment complex just southeast of this condo complex is apparently Section-8 housing for PA. No wonder it is way over there, they can comply with whatever state regulations for having low income housing within Palo Alto city limits, while still sending their poor kids to Mountain View schools — have to protect those API scores!
That housing is non-stop fun for the people who live in the Monta Loma neighborhood, especially the folks right on the other side of the fence separating them from this complex. (Just East to Alvin Street, Southeast to Mardell, and of course, the lucky owners of these condos to the North!). Obviously if you live in section-8 housing, you don’t steal from the other people in section-8 housing – you jump the fence to the middle-class neighbors next door!
November 1st, 2011 at 11:35 am
ooo! i didn’t know that we monta lomans had a secret cabal. i don’t even know the secret handshake or gang signs.
the realtor forgot to comment about the warm & fuzzy welcoming sounds you’ll enjoy by backing up to a toyota dealer. the soft, cooing voice, eh… squawking early in the morning as the speaker announces service calls. and the warm purrs of the air guns pulling off wheel nuts. not quite the same as wind rustling through trees, but you can practice visualization exercises.
the 2003 sales price is an error. zillow made a similar error in my old condo complex by adding a full million to a sold price.
November 1st, 2011 at 10:34 pm
Ugly-Apartment-Condo-Conversion?
No thanks, I’ve been trying to quit!
November 2nd, 2011 at 3:53 pm
Don’t forget the front row seat you’ll have for the construction of 31 townhouses in the former Dee-Dee’s strip mall lot at the corner of Alvin and Middlefield.