April 27, 2012

It’s a floor wax! It’s a dessert topping! It’s Mountain View!

Burbed began its life as a housing price and mortgage insanity site back in 2006.  And if home prices keep going up, up, up like they are now in some Very Special Places, we could be back to our glory days soon, when every article had over 100 comments no matter how meh the listing was.

Not only are listing prices up Where It’s Special.  So are lease costs.  Have a look at this well-situated rental, courtesy of Burbed reader Adennris.

229 Polaris Ave
Mountain View, CA 94043
For Rent: $1,195,000/mo

120424-polaris-zillow

Beds: —
Baths: —
Sqft: —
Lot: 15,246 sq ft / 0.35 acres
Type: Single Family
Year built: 1973
Parking: —
Availability: now
Lease term: ContactForDetails
Cooling: —
Heating: —
Fireplace: —
On Zillow: 21 days
MLS #: 81211034
Other facts

This may be a bigger entry error than simply putting in a sales price in the monthly rental field.  Here’s this same property on a realty site (photo right) and here’s the listing copy.  It’s a little different than what Zillow had.

120424-polaris-alanhuweGreat income opportunity for the right buyer. 1031 exchange is possible. 2 buildings on one lot. Many possible uses in the ML disdrict of Mountain View. Near the worlds greatest companies and close to many of Mountain View’s wonderful services and delights. Easy commuting access to El Camino, Central Expressway, 85, and 101.

Last updated on  4/25/2012

More Details for 229 POLARIS AVE

Property Class:Commercial Industrial
Listing Status:Active
City:Mountain View
Area:203 North Shoreline
County:SANTA CLARA COUNTY
State:CA
Lot Size:15164.00 SF
Stories:2
Year Built:1973
MLS#:81211034
List Date:3/24/2012

So it’s not a single-family home, then?  But the upside is you definitely can bring your arc welder.

Trulia calls it an income/investment.  But Zillow wasn’t the only one to assume this place was a residence.  Check it out!

120424-polaris-sfbrealty

This is a 380 square foot, single family home, which can rent for only $608 a month.  No beds or baths, but it has assigned schools, and more importantly, places doing business.

Redfin never heard of this location or either MLS listing number above.  That’s because this site is a 6019 sf office building for sale.  And this description might explain all the confusion.

Check this out!!
Real close to downtown Mountain View.
16 unit office building in ML district of Mountain View.
2 buildings on one lot.
Recent Zoning changes have allowed for additional uses.
ML zoning.
Buyer to check with City of Mountain View for precise zoning uses allowed for this location.

Near down town Mountain View.
Blocks from El Camino.
Easy access to highway 101, Central Expressway and highway 85.

If you read all these conflicting real estate offers for the same location, you will also notice that it’s been described as being in three different neighborhoods.  That’s because Mountain View is so cutting edge, it transcends space, time, and money.  No wonder it’s so hot, hot, hot!

Comments (15) -- Posted by: madhaus @ 5:04 am

15 Responses to “It’s a floor wax! It’s a dessert topping! It’s Mountain View!”

  1. SEA Says:

    I’m trying to remember back to the days when housing was a good buy, no matter how high the cost of capital.

    “They aren’t making more land!”

  2. madhaus Says:

    They aren’t making any more land, yet we can be sure they’re making plenty more mistakes.

  3. z2amiller Says:

    I think the craziness is back. The well-kept SFH’s in Mountain View that are coming up at a reasonable price are all selling after the first weekend’s open house. With multiple offers.

    Redfin (Or the MLS?) has been weird lately. Homes are going right from Active to Pending (Do Not Show), so they just disappear from the map and even my favorites list. Is this a realtor trick to keep inventory looking super low and driving up the prices?

    This one went for 80K over asking: http://www.redfin.com/CA/Mountain-View/185-Thompson-Sq-94043/home/1591005

    This one was listed at 830K and went pending (do not show) less than a week after listing:
    http://www.redfin.com/CA/Mountain-View/2434-Alvin-St-94043/home/1494028

    I forgot what this one listed for but it was also pending after 8 days:
    http://www.redfin.com/CA/Mountain-View/2349-Jane-Ln-94043/home/1069822

    Is the bubble back?

  4. wahnny Says:

    Interesting use of font sizes in the maps … an (inverse) indication of desirability?

  5. Tom Stone Says:

    I ran across a 6,000 acre city lot in Healdsburg recently. The price per sq ft was quite reasonable.

  6. madhaus Says:

    For those of you who aren’t as ancient as I am, here’s the floor wax/dessert topping reference.

  7. Tom Stone Says:

    Madhaus, that hurts. You are both younger and better looking than I am.

  8. madhaus Says:

    Nah, the spring chicken is that raging socialist Greg Fielding.

  9. z2amiller Says:

    Yeah I happened to drive by this place tonight. It has frontage on TWO busy streets! (Central and Shoreline, although I guess there are some tiny frontage roads in the way of direct frontage – all the noise, none of the access) There are office for rent signs in several of the windows.

    (Also, IMO the moderation filter should ignore links from redfin.com and zillow.com since it is awfully easy on a real estate blog to throw in enough links to get caught in the moderation queue that never gets looked at. :-) )

  10. nomadic Says:

    #8, you can usually get released from moderation purgatory more quickly if you send a prodding note. Just take liberties with those convenient addresses on each page.

    Find a ‘good deal’ or an interesting article? Let us know. Send mail to madhaus@burbed.com

  11. z2amiller Says:

    @nomadic, why would I do that, when I can passive-aggressively whine instead? :-)

  12. madhaus Says:

    z2amiller, thanks to your petulant posturing I have procured your post. It appears at #3 for everyone who missed it.

    The issue is any comment with more than two links goes straight to comment limbo. You would not believe how much spam we get, btw.

  13. Petsmart groomer Says:

    > This one went for 80K over asking: http://www.redfin.com/CA/Mountain-View/185-Thompson-Sq-94043/home/1591005

    I like how they combine the laundry room and the home office. So House 2.0.

    Still, $666 per sq ft in that part of Mountain View is impressive. Mountain View, also known as “the city worth two thirds of Palo Alto”.

  14. sprezzatura Says:

    Nothing lasts forever, and that includes down markets.

  15. madhaus Says:

    z2 and PG, I love the photo of the pantry. Now that I’ve seen condiments in HDR I can see why that place was snapped up.


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