April 5, 2012

Updated: 3 level executive estate in midtown Palo Alto in a cul-de-sac

It’s been far too long since we’ve heard from Burbed reader dollarbin.  Let’s check in with this palace in Palo Alto!

2783 RANDERS Ct
Palo Alto, CA 94303
$3,248,000

120403-randers-redfin

BEDS: 5
BATHS: 5
SQ. FT.: 5,255
$/SQ. FT.: $618
LOT SIZE: 8,712 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 3
VIEW: Neighborhood
YEAR BUILT: 2010
COMMUNITY: Midtown
COUNTY: Santa Clara
MLS#: 81146955
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 147 days

Elegant newly constructed (2010)3 level executive estate in midtown Palo Alto in a cul-de-sac * One of a kind quality & workmanship with mahogany paneling & hand carved custom doors * Gourmet kitchen with S/S appliances, granite counters, custom cherry cabinets & a breakfast bar * Brazilian teak flooring & imported marble floors throughout * Includes library, exercise & media rooms.

120403-randers-crapperHere’s what dollarbin had to say, when passing this parcel along:

Anybody send you this one yet?

Who says Palo Alto is free of McMansions? I had given up the dream of spending less than $700/sq ft in Palo Alto, but this Spec House PA-lightup-signmisadventure proves it saves to buy in bulk. Plus it has a totally classy fountain burbling in the front yard.

This listing caught my eye because I noticed they have a flyer sign out on Colorado Ave that actually lights up at night, so I looked up the Redfin knowing it would be full of win.

Wait… spec house misadventure?  How can anyone have a misadventure when they’ve lit your way there?  Although the price history may tell us a thing or two.

120403-randers-history

120405-randers-columns-addedAnd here we thought the misadventure was the .60 FAR or the 11 HDR.  So let’s help this poor spec house.  What is keeping it from generating dozens of overbids?

Bunus: Mawbul kawlums are rectangular!  Break out the red arrows!

Update 10:41 am: Two more kawlums lurking on the right of this picture, noted by Burbed reader SEA.  Mawr red arrows, please!

Comments (44) -- Posted by: madhaus @ 5:11 am

44 Responses to “Updated: 3 level executive estate in midtown Palo Alto in a cul-de-sac”

  1. SEA Says:

    Looks like Burbed’s Kawlum Vision needs to be reprogrammed since it only recognized half of the kawlums.

  2. The Gilroy Alex Says:

    Twin terlets?

    True friends shit together.

  3. gallileo Says:

    The beauty of this house–and it is indeed beautiful–is that it is just one of three or four all nearly identical in fit and finish on Rander’s court. All have the same “Versailles in South Palo Alto” bidets, wood paneling and horrible kitchens. In terms of overdoneness, they are smoking cinders compared to usual burbed overdoneness faire.

    These houses are on the wrong side of Middlefield and the wrong side of Oregon Expressway. You can’t walk to Steve Job’s house–at least not in reasonable time–and they are just 1 block from a crime-ridden 7-11.

    If you’ve got over three-million to drop on a house in Palo Alto, you can do so much better than this monstrosity.

  4. Dr. Chorillo Says:

    I clicked through all the pics expecting to see that Russian guy with the miniature giraffes.

  5. madhaus Says:

    Looks like Burbed’s Kawlum Vision needs to be reprogrammed since it only recognized half of the kawlums.

    I agree, that was very poor KawlumVision in that photo, SEA. Thanks for alerting me to the Bunus Kawlums. More arrows placed.

    In terms of overdoneness, they are smoking cinders compared to usual burbed overdoneness faire.

    That’s good, right?

  6. sfbubblebuyer Says:

    I love this house. I want there to be an open house so I can sneak into the bathroom and get a jet powered taint polishing. Now THAT’S refreshing!

  7. washington irving Says:

    Oh this house is a beauty. My wife and I went to the open house because we had to check out the pure Trump-y glory of the whole thing. You think the pictures tell a story, actually going in to the home tells a much better story. Rooms scattered around with no apparent purpose. An apparent downstairs party area with a wet bar and all, except no room around the wet bar to – well – party. Over The Top everything. That fountain in the front yard looks deceivingly small in the picture. In reality, it’s a huge honking naked lady in the middle of a giant pool. And you can barely see it in the picture, but there’s an awning, an ugly fabric awning over the front door. So that when you’re tired of sitting outside and admiring your fountain you can roll up the awning before you go inside, lest all that shade get wasted. And the view from the master bedroom? The neighbor’s garage that seemed more like a trash can than anything normal.

    But best of all, the agent doing duty at the open house was a riot. Anyone from this forum going to see the house would be lucky if they got to meet her as well.

    P.S: yes I used the gold plated toilet, I had to!

  8. nomadic Says:

    Has this house truly never been lived in? Did the builder come fresh off the boat, having never met an American? Just who is this hideous pile designed for?

  9. Real Estater Says:

    >>Did the builder come fresh off the boat, having never met an American? Just who is this hideous pile designed for?

    Wow, that’s some Bay Area spirit right there! But, to answer your question, of course this type of house isn’t designed for Americans. How many Americans would be able to afford it?

  10. madhaus Says:

    Fact 1. Homes in Palo Alto are selling very, very quickly at the moment, due to low inventory and high demand.
    Fact 2. This Palo Alto house has been on the market 147 days. It was also listed without success in 2010.

    Please come up with a reasonable explanation to reconcile Fact 2 with Fact 1.

  11. The Gilroy Alex Says:

    They came from YOUR country, Excretor!

  12. Real Estater Says:

    My question is, how does Pralay reconcile with Fact #1? Is he going to jump off a building?

  13. Real Estater Says:

    Sunnyvale is selling like hot cakes right now. Just look at all the Pendings on mlslistings.com. When I said last year was a great time to buy, that recommendation was worth gold. Try buying now.

  14. madhaus Says:

    #12, please answer the question before asking your own.

  15. SEA Says:

    “When I said last year was a great time to buy, that recommendation was worth gold. ”

    Fool’s gold, maybe.

  16. Real Estater Says:

    Another over the top home with an over the top price in the wrong city:

    http://www.movoto.com/real-estate/homes-for-sale/CA/Santa-Clara/96-Rodonovan-Dr-100_81212320.htm

  17. Sunny(vale) Kim Says:

    Another over the top home with an over the top price in the wrong city:

    But at least it is not pending for 147 days.

  18. nomadic Says:

    Another over the top home with an over the top price in the wrong city.

    Hey, that’s not very nice.

    It’s also what I implied about this place (right city, wrong-ish neighborhood and school district), which sold.

  19. Real Estater Says:

    It’s not a matter of nice or not. It’s simple logic. Why would you pay $1.4M to buy in a city where most homes are selling for $500K?

    I will say the same thing about the featured property. #3 already answered Madhaus’ question actually. For $3M you can be in 94301, where $3M properties are everywhere.

  20. dollarbin Says:

    Marketing concept: Pose a life size cardboard cutout of Tony Soprano picking up a New Jersey Star Ledger off the driveway during the next open house.

  21. SEA Says:

    We all know the value is in the land, and that’s likely why this place has not sold.

  22. Crissa Says:

    Neighbor on my street who also got his house at the bottom ended up pending eight months because the previous owner up and died mid-contract without all the papers signed… Ouch.

  23. madhaus Says:

    So if this house is overpriced for South Palo Alto/Midtown, then what is the correct price? Or is this one of those “very unique” properties that can’t have something as pedestrian as a price attached, because that would be… vulgar.

  24. SiO2 Says:

    #6 sfbubblebuyer, that’s pretty funny. Of course now I have a horrible image in my head.

  25. Michael Boltonestater Says:

    Good luck getting a house over 5,000 sq ft in 94301 for $3M.

    This house was meant for the agent and his wife I think. These are some bad-ass white teeth! And what a tan!

  26. madhaus Says:

    I found an image repository of Palo Alto Weekly from back in June, 2010. The house was listed for $3,999,000 then. It’s just a one liner in the Open Houses section.

    Wouldn’t even call this chasing the market down, because it’s not clear there is any market for this kind of house. Have a look at this Trulia discussion noting how little in the $3M+ category is found in 94306.

  27. SEA Says:

    Close:

    2577 Ramona St

    yes, it’s a little undersized, and yes, it’s a little overpriced, but within 10% on both sides. It’s a little to difficult to change the size, but price is always adjustable.

  28. SEA Says:

    I probably stepped outside of REAL 94301.

  29. madhaus Says:

    You’re not exactly helping this house, #27. Did you check out the listing history of Ramona? Whoo-ee! That puppy’s been for sale on and off since they finished building it back during the bubblicious days of 2006! And per Zillow, there’s only been one price reduction since 2007 (no prices given for ’06).

    Both these places failure to sell says that the price is too damned high.

  30. madhaus Says:

    Oh wow, Ramona’s in the ’01 even though it’s southeast of Colorado. Still South PA, though.

  31. SEA Says:

    It’s far easier to help it than hurt it.

  32. Michael Boltonestater Says:

    2577 Ramona is not in Real 94301™ (wrong side of Oregon Expressway, too close to Caltrain). Not part of buyable inventory.

    New agent, yet virtually identical listing. Julia Schloss, your 3% commission is totally deserved.

    It’s about time we add the agent’s name to the list of tags… How about a Burbed Award every year? Or a Burbed Score for each agent? Redfin surely would show that as well on their listings.

  33. SEA Says:

    “And per Zillow, there’s only been one price reduction since 2007 (no prices given for ’06).”

    Well, I suppose I will give you this one, although there are plenty of people, mainly REALTORs, who would suggest that there were two price reductions listed on Zillow. The most recent one is so small that it is not a REAL price reduction.

  34. SEA Says:

    #32- Is this 2783 RANDERS Ct property part of REAL 94303?

  35. DreamT Says:

    RE’s correct: it’s senseless to price a house in south-west Santa Clara beyond $1M when the neighborhood generally goes between $700k and $900k.

  36. SEA Says:

    For example, 1760 Market St

    Oct 31, 2003 Sold (Public Records) $1,500,000
    Jun 09, 2011 Sold (Public Records) $1,692,946 (Foreclosure Sale=REO/Bank Owned)

    Feb 17, 2012 Listed (Active) $929,000
    Mar 16, 2012 Price Changed $885,500

  37. madhaus Says:

    Ahahahahaha! Remember when I did a field trip to the $2 million dollar house in Sunnyvale back in 2009? Long before I was a content editor here? I had to post it as a bunch of comments because I took pictures.

    They just relisted it this week.
    On April Fool’s Day.
    For same price of $1,999,999.

    HA HA HA HA HA!!!!! Oh man, I am going to have to turn this into an article. AHAHAHAHAHA!

  38. Sunny(vale) Kim Says:

    They just relisted it this week.
    —-

    Two theories:
    1. Real Estater told him Sunnyvale market is hot now. Time to relist again.
    2. Real Estater told him home price double in every 10 year, hence he should get $2M, which is not double but pretty close, this year.

  39. nomadic Says:

    Yes, #23, it’s certainly vulgar.

    LOL, can’t wait to see the $2M aspiration in 94087.

  40. SEA Says:

    Overbidding will bring the $2 million property right where it needs to be.

  41. UPDATED: Two Million Dollars for a Sunnyvale House. Good Luck with That. [Burbed.com] Says:

    […] we took a look at a house in Midtown Palo Alto that a number of commenters thought was overbuilt for the neighborhood.  That reminded me of a […]

  42. george Says:

    The way I heard it describe, in the EYE OF THE STORM, that is at THE bottom of the property cycle That is last Christmas 2011 in Palo Alto, ALL IS QUIET. So people get over excited and out bid each other prices jump up 10 percent or more as they have BUT AS SOON AS YOU GET OUT OF THE EYE OF THE STORM THINGS GO ROCKY AGAIN. Suddenly buyers are scared off by these crazy comparables. They look around. See an economy thats uncertain about job growrh, China faltering, Europe in the doldrums, and so prices can fall again. Could be another year before the eye of the storm passes. So hold onto your hats, things will get choppy for the next 6 months.

  43. Petsmart groomer Says:

    Reduced to $2,999,000.

    The Valcartier house in Sunnyvale has been reduced to $1,749,999.

  44. UPDATED: High price, less space to maintain, almost $3 thou a foot! [Burbed.com] Says:

    […] with all that Facebook money floating around, why is this home still for sale?  Perhaps multimillion dollar Midtown homes circa 2006 aren’t what the market […]


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