August 28, 2012

Loaded with CHARM! in New Almaden! Needs many newer updates! And more exclamation points!

We’re heading south today, for a look at this New Almaden NODder. Thanks very much to Burbed reader nomadic for keeping an eye on what’s in shadow inventory, and what’s trying to stay in the sunshine.  Let’s see how shortly this spread will be selling.

20891 ALMADEN Rd
San Jose, CA 95120
$975,500

120827-almaden-redfin

120827-almaden-carport$975,500 Price
4 Beds
3 Baths
2,888 Sq. Ft.
$338 / Sq. Ft.
Built: 1920
Lot Size: 1 Acre
On Redfin: 161 days
Property Type: Detached Single Family
View: Canyon
County: Santa Clara
Stories: 1
Community: Almaden Valley120827-almaden-porch
MLS#: 81210207

Magical one-of-a-kind Historic Home in New Almaden! Unique historic home is loaded with CHARM! Huge porch, formal living/dining room, family room, 4 bed/3 bath (2 master suites) w/ an updated country kitchen and a workshop on a 1 acre lot. Needs a tiny bit of TLC and many newer updates! MUST SEE! Get more info: TEXT “71699” to 79564

Get more info by texting!  Because there’s only so much info you can fit on the internet.  But text messaging?  Hope you’re on the unlimited plan.

Why did nomadic send this place in?  Let’s find out!

120827-almaden-wtf-is-thisThe listing history might inspire you.  They took an interesting approach to getting RBA returns – just HELOC it out and do a short sale for 2x the purchase price after 13 years – I wonder how much they sucked out. (After all, they won’t actually get the purchase value back out.)  I remember them trying to sell at the peak prices just after the real estate crash and thinking “good luck with that.”

What’s this?  Something about an inspiring listing history?  Redfin doesn’t have much on the old pricing, so Zillow to the rescue!

120827-almaden-price-history-zillow

120827-almaden-horsiesUh, yeah.  Good luck with that.  But on the upside, if you’ve always wanted a pony, this place is horsie-ready should your magical fairy godmother ever come through with those wishes.

Anyone have any idea why Zillow has reasonably-sized pictures and Redfin doesn’t for this property? Does it have anything to do with the agent who relisted it in July?  (See the EBRD listing in Redfin, the pictures look fine there.)  Does Zillow indicating the place isn’t for sale anymore have anything to do with that?

So many questions.  So many horsies.  So much historical mortgage equity withdrawal.  MUST SEE!

Comments (10) -- Posted by: madhaus @ 5:08 am

10 Responses to “Loaded with CHARM! in New Almaden! Needs many newer updates! And more exclamation points!”

  1. SEA Says:

    “(After all, they won’t actually get the purchase value back out.)”

    And by “they” you mean the lender, since the so-called owner has already gotten his purchase value and then some.

  2. Alex Says:

    Holy 80s-nightmare-flashback, Batman.

  3. nomadic Says:

    What the heck is in the upper right corner of EBRD listing pic #8? A giant fan?

  4. Michael Boltonestater Says:

    nomadic, it’s a pan.

  5. nomadic Says:

    It’s kind of bizarre. Pic #7 (larger view of kitchen) doesn’t even show a pot rack. Ohhhh, they’re mixing old and new pictures. The window valance is in only one pic and the accessories are different. The more cluttered picture is probably from the last time they were trying to sell (a few years ago).

  6. SEA Says:

    #5- Did you read the first line of the listing?

    “Magical one-of-a-kind Historic Home”

    Very magical indeed.

  7. mabeldu Says:

    “needs a tiny bit of TLC…” – understatement of the day.

    “magical” ?!? unless there are actual fairies & trolls living in those trees, there’s nothing magical about this place other than someone’s fantasy of what the house is worth in the real-non-magical world.

  8. mabeldu Says:

    i forgot –

    is “charm” the new realtor-speak for “kitschy crap” as far as the eye can see?

  9. madhaus Says:

    Maybe the realtard also fails particle physics and instead of charm, she meant strange.

    I will refrain from asking whether this place is a bottom.

  10. Crissa Says:

    How do you challenge an appraisal?
    http://www.burbed.com/2012/08/23/how-you-gonna-keep-em-down-on-the-farm/#comment-72899

    I like how you can follow the listing further and further out of the market area…


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