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
2,888 Sq. Ft.
$338 / Sq. Ft.
Lot Size: 1 Acre
On Redfin: 161 days
Property Type: Detached Single Family
County: Santa Clara
Community: Almaden Valley
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!
The 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!
Uh, 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!