May 31, 2012

Fantastic 2 year old townhome end unit in a prime location

And just wait until you hear where this prime location, location, location is!  Thanks very much to Burbed reader dollarbin for this terrific townhouse!  And of course, it went pending in one week!

1901 Newbury Dr (Unable to map)
Mountain View, CA 94043
$659,000

120529-newbury-redfin

BEDS: 3
BATHS: 3.5
SQ. FT.: 1,879
$/SQ. FT.: $351
HOA DUES: $197/month
LOT SIZE: –
PROPERTY TYPE: Townhouse
STORIES: 1-3 (Low Rise)
YEAR BUILT: 2010
COMMUNITY: Rengstorff
COUNTY: Santa Clara
MLS#: 81218499
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 13 days

Fantastic 2 year old townhome end unit in a prime location. Formal tile entry, 1st floor jr. bdrm suite, hardwood floors, large & open kitchen w/ granite counter, gas stove, stainless appliances & island, inviting living rm w/ office nook, generous size bedrms, grand master suite w/ high ceiling & walk-in closet. Custom shutters thru-out, skylight, central AC, 2 car garage & great natural lighting.

Here’s why dollarbin sent in the townhouse:

120529-newbury-gymThis one came on the market last week, I’m pretty sure it’s in Gable’s End: the address is Newbury but the entrance is on Colony St.

Are the photos re-used from a previous listing? It’s supposed to be an end unit, but the exterior shot seems to centered on the middle units. No idea what the interior actually looks like. Seems like a pretty half-assed listing, no mention of Google? No mention of Facebook? I’m going to need some more ALL CAPS HYPERBOLE before I warm up my overbids.

From looking at the original Gables End ads, this photo sure looks like one of their offerings. And there’s some interesting history on this property as well.  Zillow says it sold in November, 2010 for… $208,500!  That’s quite a price, given that they were advertised as starting in the low $600s.

120529-newbury-zillow-map

Zillow also gives this place of ZEstimate of $735,800, which means instant equity galore for the lucky buyer!  Or some serious overbidding.  That is, if anyone could find the place, since Redfin couldn’t.

But it’s in a prime location.  Or did they mean a super location?

Comments (74) -- Posted by: madhaus @ 5:09 am

74 Responses to “Fantastic 2 year old townhome end unit in a prime location”

  1. Tracy Tea House Says:

    http://www.mercurynews.com/peninsula/ci_20745828/redwood-city-saltworks-developer-seeks-avoid-federal-environmental

    Wow. I am not a townhouse person and I defiantly think turning acres of what could be bay wetlands into more high density townhouses is a good idea. Complete location FAIL!

  2. SEA Says:

    Is everyone out buying FB on “weakness?”

  3. Banker East Says:

    I’ve always found real estate to be the most stable investment. New York and San Francisco will always be desirable places to live. You can literally “live through” any recession. Just my 2 cents.

  4. Crissa Says:

    Considering what happened to other townhouses built on wetlands in our area in 1989… Yeah. Also, where would the drainage go, if you build in a salt marsh?

  5. Faux Estater Says:

    I’ve always found real estate to be the most stable investment.
    —-

    Keeping money under mattress is the most stable investment.

  6. SEA Says:

    “You can literally “live through” any recession.”

    Let’s not discuss the alternative.

  7. Faux Estater Says:

    You got to be wondering why his name is “Banker East”, instead of “High School Dropout Real Estate Investor”.
    Got to be due to a very bad career move.

  8. SEA Says:

    Don’t you understand, the best option is to drop out of publik skools and invest in real estate. You only need to learn to say things like, “I have $2M to spend, yet I cannot find anything to buy.”

  9. Bystander Says:

    You two having a bad day at work? I don’t find anything controversial about Banker’s post. It’s just one person’s opinion, right? Take it easy.

  10. Faux Estater Says:

    I love these misleading screen names – Bystander (someone seems to know the history of some of regulars here, hence it’s quite logical to assume that he visits this blog quite often), Banker East (someone claiming to be from “Manhatten” and asking for advice about his $2M home in burbed.com….can you believe it?), SV Shopper (someone claiming to be shopping for his home…F-O-R-E-V-E-R) and Real Estater (this one does not need any explanation).

  11. madhaus Says:

    Some people just have way too much time on their hands. I suggest they send in some houses to make fun of.

  12. Faux Estater Says:

    Given SV Shopper is looking for a home for his big-on-education wife for last five years, I suggest you try to contact his wife. I am sure she knows every house of bay area at this point.

  13. Petsmart groomer Says:

    > I suggest they send in some houses to make fun of.

    Gables End unit sold in 7 days: I think it’s a sign there is no house to make fun of anymore.

  14. nomadic Says:

    We could make fun of madhaus’ favorite house again. It’s still on the market, in spite of a $250k price cut.

  15. Real Estater Says:

    LOL. Here we have “Faux Estater”, Sunnyvale Kim, Sunnyvale Jim, and of course “Pralay” that requires no introduction. I suggest madhaus display IP address of every poster. I wouldn’t be surprised if all of the above, including most of the names mentioned in #10 are coming from the same Pralay guy. He is a security engineer by trade, and knows exactly how to do this. If you believe his claims (and he has many), you should name yourself “Naivety”.

  16. Real Estater Says:

    For the record, I recommended buying FB on weakness. I did not ever say “buy FB now”. Anyone who makes that link deserves to lose money. When I recommend buying something right away, I’d say it directly, like last year when I said “NOW is the best time to buy a house”.

  17. Faux Estater Says:

    Here we have “Faux Estater”, Sunnyvale Kim, Sunnyvale Jim, and of course “Pralay” that requires no introduction.
    —-

    My next name will be Roger This!

  18. Faux Estater Says:

    like last year when I said “NOW is the best time to buy a house”.
    —-

    Thanks God it is no longer best time to buy a house. I need to change my avatar.

  19. Real Estater Says:

    You do need to change your avatar, since it was obviously copied from someone else.

  20. Real Estater Says:

    >>Some people just have way too much time on their hands.

    That’s exactly it. Someone here has been posting crap that has nothing to do with real estate (see #5 as one of hundreds of such examples). I’d give Banker East credit, that at least he was talking real estate.

    Madhaus, why is it that as an admin, you don’t do anything about such nonsense? Why is it that you don’t say anything about the false claims? Are you biased or just incompetent?

  21. Faux Estater Says:

    I’d give Banker East credit,
    —-

    You don’t give credit to a banker. A banker gives credit to you and that’s what makes you a home-debtor.

  22. Faux Estater Says:

    We could make fun of madhaus’ favorite house again. It’s still on the market, in spite of a $250k price cut.

    Since FB went IPO from Menlo Park, unfortunately the very neighboring city did not get enough love it deserves. How about staring with a foreclosed property from Atherton.

  23. Faux Estater Says:

    And when FB goes IPO, even a frog living under 101 overpass expects windfall from “Facebook Effect” – not just average Joe or average Roger of bay area. Even this “Close to Facebook” property is expecting windfall. He even put a couch outside, to watch FB windfall.

  24. Real Estater Says:

    >>A banker gives credit to you and that’s what makes you a home-debtor.

    LOL. Being a home debtor paying less than 4% interest is way better than being a perpetual debtor with 10% rent increase in just 1 year.

  25. Real Estater Says:

    The beauty of the Facebook effect is that regardless of FB price, the real estate price increases have already been built into the local market. Stocks go up and down. Houses always appreciate!

  26. Real Estater Says:

    All,

    There is only one reason Pralay is here 24X7 year after year knocking real estate: It’s because he can’t get any and he has to justify himself.

  27. Real Estater Says:

    There is no better debt than home debt! It’s great to be a home debtor! That’s why so many people overbid to earn that title.

  28. nomadic Says:

    Houses always appreciate!

    Aw, now you’re not even trying. I’m disappointed.

  29. Real Estater Says:

    Ask yourself the question. Has your house appreciated?

  30. Real Estater Says:

    I will reiterate my recommendation: Buy FB on weakness. The best time to buy FB is when all the amateurs are knocking it; i.e. when the likes of Pralay/nomadic/SEA think it’s worthless. You can pick up a superb company at a bargain price. It’s like getting a Ferrari for the price of a Mazda.

  31. madhaus Says:

    Aw, RE, and you (and your socks) were actually playing well adequately with others until tonight. Complaints about who started it will be mocked derisively treated with all the consideration and respect they deserve.

    Thanks for the comment on my favorite house, nomadic. Redfin’s down right now, but I went over to Zillow and it’s been HDR’ed up the wazoo. I may have to do another article. It’ll be fun! Just like revisiting zip codes, and we know what a huge favorite those were!

    I am disappointed that we actually have a unit at Gables End featured today and so few people commented on it. Thank you Petsmart Groomer for recognizing just how FUBARed the market is.

  32. madhaus Says:

    Ask yourself the question. Has your house appreciated?

    Ever? Of course. Since 2008? Fvck, no.

  33. Real Estater Says:

    OK, Madhaus, so you’re biased rather than incompetent. Fair enough.

  34. Real Estater Says:

    >>Ever? Of course.

    Case closed. In fact, by over 200% since you bought it.

  35. Real Estater Says:

    Let’s take a poll for Bay Area folks: Does anyone here own a house that has not appreciated?

  36. madhaus Says:

    Actually, no, my house has not appreciated 200% since I bought it. Thank you for playing.

  37. The Gilroy Alex Says:

    Who else misses the rating system?

  38. SEA Says:

    “Ask yourself the question. Has your house appreciated?”

    Yes, it appreciates light bulbs and Drano.

  39. Faux Estater Says:

    There is only one reason Pralay is here 24X7 year after year knocking real estate
    —-

    And why Average Roger is “here”? He is here to “help”. :)

  40. Real Estater Says:

    >>Does anyone here own a house that has not appreciated?

    No one dares to respond, because all the hypocrites built tons of equity.

    If renting is so good, why doesn’t madhaus go back to renting? She can pocket a mountain of cash and send all of her kids to Santa Clara U with full room and board.

  41. madhaus Says:

    How much appreciation is in a ton of equity? Are you sure it isn’t a tonne of equity? Is that in fps, cgs, or MKs? Is it more or less than the claimed 200% appreciation I don’t have? What conversion factors should be used to adjust for the expected overbidding that results in massive amounts of instant equity?

    You know, like Facebook stock.

  42. Real Estater Says:

    >>Is it more or less than the claimed 200% appreciation I don’t have?

    As I recall, your house was purchased in the $300K range. Today it’s over a million. You have at a minimum tripled your investment, plus all the money you saved by not paying rent. WTF are you still arguing about?

  43. Faux Estater Says:

    Stocks go up and down. Houses always appreciate!
    —-

    Ha ha! And that’s why Warren Buffett is still rotting at Nebraska, while Average Joe Roger is busy “helping” on Burbed.com.

  44. Real Estater Says:

    >>How much appreciation is in a ton of equity?

    A ton is an amount of money you couldn’t have obtained by working and saving.

  45. Real Estater Says:

    In Nebraska it may not make sense to buy a house. If a house does not appreciate, and/or is very hard to re-sell, then it may not make sense to own it. After all, real estate is an investment before it is a place to live.

  46. Faux Estater Says:

    A ton is an amount of money you couldn’t have obtained by working and saving.
    —-

    For an average manager in Deloitte or PwC, the answer would be no.

  47. Real Estater Says:

    LOL…do those companies hire “senior” engineers like you? How much did Wipro pay you per hour?

  48. madhaus Says:

    Please read comments #32 and #36 again. You seem to be having trouble with very basic mathematical concepts, which cannot be corrected by making up valuations out of thin air.

  49. madhaus Says:

    Also, to the two of you duking it out again, please stick to real estate when insulting each other. That’s far more amusing to the rest of us.

  50. Faux Estater Says:

    How much did Wipro pay you per hour?
    —-

    Who works for a “bodyshop” company like Wipro? I thought the only Wipro expert here is Real Estater himself.

  51. Faux Estater Says:

    You seem to be having trouble with very basic mathematical concepts, which cannot be corrected by making up valuations out of thin air.
    —–

    Specificity and details are not RE’s forte. Even his ex-colleagues, who were too tired of his constant bragging about his Palo Alto residency, think so.

  52. Real Estater Says:

    madhaus,

    Do your words mean anything? After you posted 49, you still allow 50 and 51?

  53. Real Estater Says:

    >>Even his ex-colleagues, who were too tired of his constant bragging about his Palo Alto residency, think so.

    LOL. This guys claims to have spoken to my ex-colleagues, have read my tax bill, seen my kids etc. He must be very very interested in my life.

  54. Real Estater Says:

    Honestly, I think Pralay has some psychological problems. Not sure if it’s triggered by chronic lack of home ownership. I recommend that he goes to see a doctor or check in with the FBI.

  55. madhaus Says:

    RE, I really suggest you stop worrying about what anyone else posts here but yourself. If you think someone else is wronging you here, you’re certainly wrong.

    Besides, you’re have such a gift of insulting other cities for being insufficiently valued. Stick with that. It’s pure comedy gold.

    Now behave. ALL of you.

  56. Faux Estater Says:

    My poor borther Real Estater. The “Helper” who is constantly bragging about his success and touting about his “model” definitely warrants verification.
    And the result the verification is known.

  57. Real Estater Says:

    >>you’re have such a gift of insulting other cities for being insufficiently valued.

    You have such a gift of making up things. How many times have I told you your house is worth over a million, and you countered with an insufficient value? This is a fact.

  58. Real Estater Says:

    Constantly bragging or constantly helping? The last post you could find on this topic is from 2008? You call that constant?

  59. Real Estater Says:

    OK, enough chatting with a psychopath and his mother. Time to get on a call with India…

  60. Faux Estater Says:

    Constantly bragging or constantly helping?
    —-

    Oh brother Real Estater, our thirst for getting help from you on Burbed.com never gets quenched! Help us! Help us! Help us!

  61. dollarbin Says:

    You guys are boring me to tears. My intention in submitting this listing is to point out that since mid-March, the real estate market in Mountain View has gone berzerkowitz. This place is still on top of a toxic waste dump and steps from a very busy freeway. There’s very little about this townhouse today that wasn’t different in January, or in 2008 other than the fact that now more than one person wants it. There’s a place in my neighborhood that closed escrow in Feb for $575K just got re-listed for $869K, and based upon recent sales it will probably move at that price even though I can tell even from the outside that they did a pretty half-assed fix-up job.

  62. dollarbin Says:

    Pardon me, I meant to say “There’s very little about this townhouse today that was different in January,”

  63. SEA Says:

    There’s a new fool born every day.

  64. Real Estater Says:

    dollarbin,

    You’re absolutely right. Spring bounce has been particularly strong this year. It’s not only in MV, but all over the Bay Area. Part of it is due to the robust local economy (Google expanding and lots of tech hiring going on); part of it is due to the Facebook effect; part of it is due to low interest rates; part of it is due to rising rents causing renters to reassess their situation. All the stars are lined up for further home price appreciation. Some of us saw it coming last year; some of us…um, didn’t.

  65. Real Estater Says:

    Here’s one good news: Everyone acknowledge the market is hot. Self-denial is a fool’s game now.

  66. Michael Boltonestater Says:

    dollarbin, are you talking about that one?

  67. dollarbin Says:

    @Michael Boltonestater: Yup, that’s the one.

  68. Michael Boltonestater Says:

    It looks quite nice. Besides, there is no doubt the developer who is flipping it fixed all structural issues, updated the electrical system, plumbing, roof, etc. Therefore at $869k it seems to be a good deal.

  69. madhaus Says:

    dollarbin, you’re one of our high awesomeness contributors. If you want either of these Bickersons sent to the always-get-moderated queue, that can be arranged.

  70. Real Estater Says:

    >>here’s very little about this townhouse today that wasn’t different in January, or in 2008

    The same can be said about Madhaus’ shack. Little has changed since she bought it and yet it’s worth over 200% more.

  71. dollarbin Says:

    @RealEstater The market giveth, and the market taketh away. I see a lot of irrational exuberance fed by low inventory and pent up demand, It could just be a blip.

  72. Real Estater Says:

    Well, it’s been blipping since before madhaus became a mom…that’s a very long time.

  73. dollarbin Says:

    @madhaus I don’t care if RE gets moderated or not, I’m not the one he’s attacking personally (yet). I’m surprised he wastes his time here anyway. Shouldn’t he be quibbling with the sour-pusses over at patrick.net? I would like to know how I hook myself up with a spiffy custom icon for my posts.

  74. nomadic Says:

    dollarbin, try gravatar.com


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