Many thanks to Burbed reader Gallileo for this perfect Palo Alto abode!
2150 Waverley St
Palo Alto, CA 94301
$4,450,000, reduced from
SQ. FT.: 3,018
$/SQ. FT.: $1,474
LOT SIZE: 0.26 Acres
PROPERTY TYPE: Detached Single Family
YEAR BUILT: 1928
COMMUNITY: Old Palo Alto
COUNTY: Santa Clara
ON REDFIN: 20 days
ELEGANT COLONIAL IN ONE OF OLD PALO ALTO’S MOST PRESTIGIOUS LOCATIONS – ON AN AMAZING 11,200 SF LOT. SPACIOUS, OVER 3000 SF HOME W/ 4BR AND 3 BATHS. INCLUDES FORMAL ENTRY, FORMAL DINING ROOM, SEPARATE FAMILY ROOM, MASTER BEDROOM SUITE, DEN/STUDY & GROUND FLOOR BEDROOM.
Here’s why Gallileo sent this listing in:
2150 Waverley in Palo Alto is back on the market! Originally featured in 2009 for nearly four million dollars, this beautiful home with ocean views didn’t sell.
This house has appreciated a cool million–twenty-five percent–in just twenty-eight months. All the way to almost five-million dollars! Surely if it didn’t sell for four-million while it was listed for nearly all of 2009, someone will pay five-million in the summer of 2012. You know, the luxury good effect and all that. It just wasn’t priced high enough to be prestigious before.
Just imagine how much appreciation if it still had ocean views, or if you could still walk to Steve Jobs’ house from here. Hey, his old place is just down the street. It just needs to be more expensive so it can be truly prestigious.
So why was the home marked up a million dollars since 2009 when it didn’t sell? They didn’t spring for new listing copy, or expensive lower-case letters. But this time around, there are actual photos inside the house. So now we know a secret: There’s a set of MAWBUL KAWLUMS in the john!
But speaking of million dollar markups, whoops! Would you believe the seller reduced the price the very day we wrote this house up? Sure you would, but what you won’t believe is that a house in Palo Alto could be overpriced in the first place. It must be because the ocean views got misplaced.
You do realize if you don’t put your bid on this property in the next 15 minutes you’re going to be priced out forever.