June 11, 2012

Wacky Wavewwey Wetuwns. Weawwy!

120610-waverley-elmer-fuddFriday’s featured find on Waverley escalated the eager entries in its comment thread, so let’s continue our pursuit of Palo Alto property with another home on the same superb street.  Thanks very much to Burbed reader Wendie for these proactively priced premises.

Also, we’re feeling a bit miffed at Redfin for not linking back to us for several weeks, so we’ll use the site Wendie provided instead.  Here’s the Redfin link if you prefer their entry, which confirms the price per square foot.

2051 WAVERLEY ST, Palo Alto, CA 94301
Offered at: $11,495,000 — Active

120610-waverley-mlslistings

An Exceptional, One-time Opportunity To Own An Extremely Rare, Immense 26,344 sq ft lot (buyer to verify) in the Old Palo Alto Legendary Locale. On the corner of Santa Rita Ave & Waverley St, this dream building site is located in the prime, heart of Old PA. This premiere flat 0.6 acre lot also includes the existing 2,651 sq ft, 5BR/4BA home built in 1929.

MLS: 81216663
Type: Detached Single Family
Bedrooms: 5
Bathrooms: 4 Full
Interior: 2,651
Lot Size: 26344
Garage: Detached,2 Car Garage
Year Built/Age: 1929
Walk Score®: 58

120610-waverley-satelliteHere’s why Wendie sent this one in:

Look! For $4,300 per square foot, YOU can live across the street from Steve Jobs’ home!

Big lot, big location!  Why do you care what the house looks like?  What’s more important is who you’re going to run into if you need to borrow a cup of sugar silicon.

120610-waverley-jobs-page-neighborhood

Too bad this property is diagonally across from Waverley Oaks, or Larry Page would snap it up.

120610-waverley-streetview

Here’s a glimpse from the side, courtesy of Larry’s fleet of mobile spycams. This is a better look at any of the structures than you’ll see on the actual listing.  Then again, can one actually price a home too highly in Palo Alto?  It’s been on the market for 37 days and counting, so place your bets!

Comments (14) -- Posted by: madhaus @ 5:06 am

14 Responses to “Wacky Wavewwey Wetuwns. Weawwy!”

  1. SEA Says:

    This would make a perfect rental. Cash out after 10 years, or sooner, and earn an easy $11.5M, plus the overbidding.

  2. nomadic Says:

    If this sells at list price, it should cover any budget short fall in the schools next year… Current taxes: $2630.

  3. SEA Says:

    At list price? Who are you trying to kid; there’s not a chance of that happening. This is 94301 RBA, where the ‘overbidding’ is automatic.

  4. Sunny(vale) Kim Says:

    What’s more important is who you’re going to run into if you need to borrow a cup of sugar silicon.
    —-

    That would be quite risky. Think about all the patent lawsuits each neighbor filing against each other for making profit from borrowed cup of silicon.

  5. madhaus Says:

    Burbed has featured a number of homes on Waverley Street. Here they are:

    2051 (today’s article)
    2150 (6/7/12, Friday)
    2101 (Steve Jobs’ house)
    2150 (Nov 2009)
    2050 (June 2009)
    2510 (April 2009)
    2995 (June 2008)
    3415 (January 2007)

  6. nomadic Says:

    Could we get the Mayor to give burbed an honorary name for it (Burbed Street)?

  7. sprezzatura Says:

    not to be a killjoy, but Jobs is dead, so technically it’s his widow’s house.

  8. Tracy Tea House Says:

    Too bad Justin didn’t see this house before he bought his new one in LA. http://infostarcelebrity.blogspot.com/2012/03/photos-justin-bieber-buys-11-million.html

  9. Tom Stone Says:

    For some reason that just doesn’t seem like a reasonable price to me. Maybe if I sniff some glue and visit the CAR website…

  10. nomadic Says:

    Tom, you’re not alone with that assessment.

    *
    Just watching the news: they were filming some “Steve Jobs movie” in Los Altos today by his boyhood home. I guess Ashton Kutcher is playing Jobs.

  11. AstroWallaby Says:

    I hate to admit it, I’m seriously jealous of the Realtor here. When this fantastic “dream building site” sells for $13 million bucks (you know, mandatory overbidding!)m assuming she gets the standard 6% commission, that’s sure to set some sort of record for the biggest payoff-to-effort ratio short of a lottery ticket EVAR.

  12. Petsmart groomer Says:

    Reduced to $10,250,000.

  13. SEA Says:

    I keep hearing that America needs Jobs.

  14. Neighbors from Hell: Burlingame Edition (Could be considered threatening to some) [Burbed.com] Says:

    [...] all know that good fences make good neighbors. You know what makes great neighbors? Pulling a Larry Page and buying up every property anywhere near yours.  And if you don’t do this, you end up with [...]


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