August 6, 2012

Our Peacock laid an Egg. On his face.

Here’s the denouement of a Burbed perennial, and best of all, it’s even in Mountain View!  Thanks very much to Burbed reader mabel du for giving this turkey one more roast with this fine guest post.

And speaking of birds, soon we’re going to have to talk Mountain View and Chik-Fil-A, but we did enough politics yesterday next door in Los Altos.  So please give mabel du a real, warm, RBA welcome as today’s Guest Blogger!


1755 PEACOCK Ave
Mountain View, CA 94043
Sold for $475,000 on 4/13/2012

120806-peacock-redfin

BEDS:  -
BATHS:  -
SQ. FT.:  -
LOT SIZE:  6,200 Sq. Ft.
PROPERTY TYPE: Residential Land (Single Family)
VIEW: Neighborhood
COMMUNITY:  North Shoreline
COUNTY:  Santa Clara
MLS#:  81138265
SOURCE:  MLSListings
STATUS: Sold

Sale price includes building plans for 4 bedroom 3 bath home

Do you prefer a bath or a shower?

This flipper-to-be sure took a bath in his bubblicious real estate gamble.  A fun bubble bath?    Not so much.

Plans to feather his nest ran afowl when he ate more than $200k to unload this rotten egg, and that ain’t chicken scratch.   Buyers didn’t flock in as hoped, so after hovering for years on a wing and a prayer he finally ended the drag and landed a buyer.

Purchased for in 2007 for $674K, dropped more cash to remove the previous crapshack, finally sold for $475 in 2012.  I don’t think that’s how RE investments are supposed to work, certainly not in the RBA.

To wax nostalgic on this oldie but goodie, let’s revisit previous Burbed entries for this 4H fowl failure:

Sept 8, 2011: This Peacock is looking a little less proud

120806-peacock-reprise-110908

 Click to see the other entries: 

Feb 9, 2011: It’s like an IPO stock, but with guaranteed upside

Feb 3, 2010:  Discount, empty lot available in Mountain View

Zillow price history – I’d need Dramamine for this rollercoaster:

120806-peacock-price-history

 

 

Comments (3) -- Posted by: madhaus @ 5:05 am

3 Responses to “Our Peacock laid an Egg. On his face.”

  1. SEA Says:

    The market is hot, hot, hot. I’m not sure that it is wise to play with fire.

  2. herpderp Says:

    I know this lot! Some friends of mine used to live across the street. I’m amused that the lot is as empty as ever.

  3. Crissa Says:

    It was nicer before he leveled it. There were mature trees. I wonder how much he paid MV to allow them to be removed…


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