February 22, 2013

Let’s Return to what matters: Mountain View!

We’re happy to report the first Monta Loma sighting of the year. Thanks very much to Burbed reader LomaLuvr for alerting us to this awesome opportunity!  And once more we’re using Movoto, because they understand the difference between Pending – Do Not Show The House To Lookie-Loos Who Want To Tramp Through The Place and Pending – Do Not Show Photos.  *cough * Redfin *cough*

130221-jane-movoto2348 Jane Ln
Mountain View, CA 94043
$719,000

Loan Payment: $2,543/mo
Bedrooms: 3
Bathrooms: 2
Size: 1,392 sqft
$/Sqft: $516/sqft
Type: Single Family House
Year Built: 1955
Lot Size: 5,400
Days on Movoto: 10 days
Neighborhood: Thompson
MLS#: 81303400
Status: Pending – Do Not Show

3BR/2BA 1392 sf Eichler-style home with 5400 sf lot in great Mountain View neighborhood. Additional office/possible 4th bedroom. Close to Shoreline and Google. Fixer-upper with possibilities!

As opposed to all those fixer-uppers with no possibilities, merely potential.

130221-jane-redfin-agent

130221-jane-backdoorsPossibilities, indeed!  Adding on a room to the side of a house when the lot is only 5400 square feet is an architectural challenge indeed! Plus that gives the bedroom plenty more fresh air, to make up for the lack of natural light in the back.

Also, we think we solved the mystery why the back of the house doesn’t get as much light as the front.  We think it’s the patio shade.  Don’t tell the agents, though.  We wouldn’t want to ruin it for them.

Here’s the other two pictures.

130221-jane-front130221-jane-fireplace

All that perfectly good sky cut out.  Speaking of cutting out, here’s some perfectly good listing copy cut out from both Zillow and Trulia:

As Is probate fixer. Contact Broker at (707) 693-0400 with any questions.

Nothing like a Broker who specializes in the neighborhood you want to buy into.  You may want to double-check if the property really is Close To Google after all.

Comments (15) -- Posted by: madhaus @ 5:06 am

15 Responses to “Let’s Return to what matters: Mountain View!”

  1. dollarbin Says:

    Sources in Monta Loma RE tell me that this place got nine offers, seven over list, and went to an all cash no contingencies offer.

  2. Real Estater Says:

    Homes in this area are generally priced about $100K above last year. My take on it is that it’s not too late to get in. $100K is barely noticeable in your mortgage, and all of it you will get back from future appreciation anyway. Bottom line is this is a great location just as south Palo Alto is a great location.

  3. SEA Says:

    “My take on it is that it’s not too late to get in.”

    NOW is the RIGHT TIME TO BUY!

  4. Real Estater Says:

    Housing market is on solid footing for the foreseeable future. Several key reasons:

    1) Fed committed to keep interest rate low
    2) California homeowners receiving billions of dollars in bail-out money
    3) New home buyers are highly qualified, including cash buyers who will never be under water. There will be few distressed selling in the future
    4) Long term trend for U.S. dollar to become worthless due to government debt. A $1M house will be worth $2M in the future just from normal inflation

  5. Real Estater Says:

    5) Demographic trends – In other words, foreigners with suit cases of cash. They are not making any more land, in India and China. However, they are making more babies. In the old days, when land is in shortage, countries get into wars. In the future, nuclear weapons deter wars, so the real wars will be bidding wars.

  6. waiting_for_the_fall Says:

    I wonder if RE believes his own hype or is a massive troll.

  7. SEA Says:

    If land is finite, how can the suitcases of cash be infinite?

    Is this some sort of Banach–Tarski paradox?

  8. nomadic Says:

    Who needs more land when you have vacant cities? Tired of the surplus in your own country? Find some vast open spaces and build another!

  9. Real Estater Says:

    With a little research, it’s not difficult to find out why the vacant cities story has little substance. It’s typical media sensationalism.

  10. NOW is the time to buy or sell a house! [Burbed.com] Says:

    [...] by “Great location” they don’t really mean “great location.”  Yesterday’s house was “great location.”  This place is “You’re less likely to get shot than on Story [...]

  11. madhaus Says:

    With a little research, it’s not difficult to find out why the vacant cities story has little substance. It’s typical media sensationalism.

    #9, and yet you did not cite any findings. Guess it was difficult after all.

  12. Banker East Says:

    #10, You don’t know this is old news? Stephen Roach talked about it last year –

    http://businessinsider.floost.com/Miscellaneous/post-stephen-roach-has-a-rational-explanation-for-all-of-chinas-ghost-cities-900904

  13. madhaus Says:

    Looks like an assertion, rather than research. Here’s some boots on the ground, showing a ghost city still essentially empty after 5 years, despite government claims otherwise.

  14. SEA Says:

    The reason for massive Chinese ghost towns is the RBA–everyone wants to move their suitcases of cash to the RBA.

  15. bmwman91 Says:

    I travel to China for work regularly and have in-laws there. There is NO shortage of undeveloped land, and there are no restrictions on land use compared to the SFBA. To say that China is short on developable land is outright laughable. Chinese are fleeing China because of the perceived government crack-down on corruption, and the fact that you don’t get rich there by doing things “by the book.” People that got rich via crookedness, the ONLY way to do it there, want to get their money out of China and into something that can’t be repossessed or taken by the Chinese government. The SFBA and Vancouver are basically the Louis Vuiton of real estate to them…other people have heard of it and it costs more than other equivalent products so they mindlessly covet it. They have enough money to not really care if they overpay for it, because that is better than getting arrested and having all of the money confiscated. Hell, my in-laws there have told me as much.


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