December 4, 2012

The Bubbly is BACK! a fine example

For those of you joining this blog, already in progress, we’ve been sharing Real Bay Area real estate win since 2006.  (Check out the archives at right!)  So Burbed has been around the block once already, back in the good ol’ days of high prices for not much house.  Then we watched sellers get greedy and wait too long for a better price, until they had to start chasing the market down, and down, and down…

This lucious little lodgement in Los Gatos illustrates that we’re on our way back to 2006 again!  Thanks very much to Burbed reader wahnny for sending it in!  (Of course it’s pending!)

121203-loma-redfin134 LOMA ALTA Ave
Los Gatos, CA 95030
$998,000

2 Beds 
1 Baths 
797 Sq. Ft.
$1,252 / Sq. Ft.
Built: 1930 
Lot Size: 7,000 Sq. Ft. 
On Redfin: 20 days
Status: Pending Without Release
Property Type: Detached Single Family
Stories: 1
Community: Los Gatos/Monte Sereno
MLS#: 81240778

a fine example of the original California Bungalow. Perfect for a small family starting out or ideal for retirement living walking distance to the village. Very deep lot with fruit trees and alley access, too.

121203-loma-livingAww, that’s so cute! It’s like a dollhouse, only smaller!  Here’s why wahnny wanted us to wander on over:

For almost $1 million, one can buy a 1930s-style 800sqft bungalow on 7000 sqft lot in Los Gatos!  It actually looks pretty clean inside and out, so it’s not exactly a “crapshack” (as per Burbed standards).  Perhaps “crampshack” describes it better (although in comparison to adjacent homes/lots, it could be argued otherwise).  Well, other than price, this might be quite a deal!

That’s like saying, “Well, other than being on a Superfund site, Gables End might be quite a deal too!”

Comments (8) -- Posted by: madhaus @ 5:04 am

8 Responses to “The Bubbly is BACK! a fine example”

  1. Ry Steven Yu Says:

    Real estate has been a tough business. Thanks Great Post. I’ll share this too.

    It’s an even tougher business when you’re reduced to posting linkspam on snark sites. Thanks Great Post. I’ll share this too (minus your URL). –ed.

  2. SEA Says:

    Only $1,252 psf?

  3. nomadic Says:

    Well, it’s not Palo Alto (sniff)!

    It is a nice street though.

  4. Divasm Says:

    I love the 4 pics of the driveway…it’s the driveway from the street side! Driveway from the garage side! Driveway from the street side WITH a truck! etc. But as they say, the value is in the land…and that’s a fair amount of land. I’m sure that place will be torn down and a McMansion will be build there in a short time.

  5. madhaus Says:

    It’s not that much land. It’s a 7000 sf lot. It’s just that the house is so small it makes the lot look huge.

  6. Divasm Says:

    It’s not a ton of land, no – I guess I meant that it’s certainly enough land to build a 2500 sq ft house on if you wanted to…you don’t expect that much land for a house that small.

  7. nomadic Says:

    I thought the lot looked large too, until I saw the small square footage. You can see by the houses on either side that there have been a lot of tear downs. This house looks a little huddled in their shadows.

  8. mabeldu Says:

    zillow has the tax base at $47k. another granny passing, in all ways, a cool mil to the grandkids.


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