Going, going, GONE in Palo Alto. What a Gem.
Today’s fine featured flop is brought to you by the letter F. And it’s also brought by Burbed reader dollarbin, who sent this in the split second it hit all the MLS redistribution websites. Let’s see what happened when this Pearl of Great Price hit the market. And you have to agree, for Palo Alto, this is a great price. In fact, this price is so low for Palo Alto there has to be a flaw.
240 Whiteclem Drive
Palo Alto, CA 94306
$699,000
Bedrooms: 4
Bathrooms: 1 full, 1 partial
Property type: Single-Family Home
Size: 1,413 sqft
Lot: Ask agent
Price/sqft: $495/sqft
Year built: 1951
MLS/ID: 81232060
Zip: 94306
Provided by: Coldwell Banker-The Real Estate People
2 days on TruliaThis home has the potential for a larger home and the area is located in a qui
et neighbor. Great shopping close by and public transportation available. What a Gem. Lowest price in Palo Alto
Here’s what dollarbin said when sending in this home just two days ago:
Less than $500/sq ft in Palo Alto? No pics? Low property taxes? Everything about this listing screams Hoarder House. The house doesn’t look unusually run down on street view, it almost makes me curious to swing by if they ever have an open house. I don’t know for sure, but I would bet that this lot is subject to a single-story
overlay, which might limit its value as a teardown. I’ll keep my eye on it, and report in if I learn anything more.
Looks like you didn’t keep your eye on it 24/7. because here’s what happened when we followed the link back to Redfin. And Zillow.
Both sites say this house is no longer for sale, and there’s no property history whatsoever on either of the sites. The home was definitely listed for sale two days ago on Redfin. Unfortunately, Trulia doesn’t show property history or we’d have the listing date, but this place was only on Trulia for two days.
But it’s not a complete loss for a listing that’s about to be yanked, and maybe brought back at a much better (read: higher) price, if it hasn’t already sold for a couple of suitcases of cash.
Look what we found when we did an extreme close-up of the carport in Streetview. DHO! DHO!
Now here’s something else that should make you smile even more.
Located in a quiet neighbor, and possibly overassessed at $86K. No wonder it’s gone. This listing must have collapsed the space-time-money-potential continuum.
August 31st, 2012 at 8:26 am
“Look what we found when we did an extreme close-up of the carport in Streetview.”
Trash bin.
August 31st, 2012 at 9:29 am
You guys didn’t notice his front yard “There goes $$ for schools” sign. Certainly makes sense, living 50 feet away from train track.
August 31st, 2012 at 12:16 pm
If that’s a dude, where’s his head?
August 31st, 2012 at 3:08 pm
He lost more than an arm and a leg on this transaction!
September 21st, 2012 at 10:50 pm
And it’s back with a new exterior shot, but no further pics and a more RBA worthy price of $889,000.
October 16th, 2012 at 8:39 pm
Wow, it just gets better. Oct 16th: Price changed to $1,089,000
Clearly they were so overwhelmed with overbids at $889,000 that they had to bump up the price $200K to separate out all of the serious buyers.
“This home needs TLC but the sweat equity will equal a larger dollar value, And NO!! Restrictions 30 day close and seller will move out! Bring your Highest and Best Offer. .. .. .. .. .. .”
I wonder what restrictions they removed to warrant the bump? Now that those are gone, this place is bound to have better luck than this neighboring house on the choo-choo tracks that’s been teasing us for the last 96 days:
http://www.redfin.com/CA/Palo-Alto/4277-Park-Blvd-94306
December 28th, 2012 at 12:19 pm
And the closing price is…
$1,089,000
No need for overbids, the listing agent will overbid for you.