May 8, 2013

No Bubble Here Either: Part Deux–Mountain View!

Yesterday we had a look at a Redwood City house with a curious price history.  Today’s featured fortress has fewer data points, but don’t worry, it makes up for it in overbids! Thanks very much to Burbed reader LomaLuvr for launching this one.  And we’ve got fresh data to share!

130507-view-redfin548 VIEW St
Mountain View, CA 94041
Sold for $1,061,000

2 Beds
1 Baths
994 Sq. Ft.
$1,067 / Sq. Ft.
Built: 1924
Lot Size: 6,300 Sq. Ft.
Sold On: May 7, 2013
Property Type: Detached Single Family
Stories: 1
Community: Downtown
MLS#: 81308770

Great Location! 1924 cottage on approximately 6300sft lot two blocks from Castro Street! Mostly original cottage sits on this large lot, ideal for renovation or maybe rebuild. Excellent location two short blocks to Castro Street. Theatre, coffee shops, restaurants and train station all within blocks!

130507-view-living130507-view-trashbinsActually, LomaLuvr sent this in long ago, before we started in with the A to Z thing all April. But it’s good news for you that we waited, because now we have the winning overbid, and it’s 18% over asking. Ha! You call that a bubble? Why back in our day, an agent could list a house full of crappy photos near the train tracks and the buyers would throw offers through the windows tied to gold bars!

Hey, wait.  You think the gold bars are back?

Comments (5) -- Posted by: madhaus @ 5:09 am

5 Responses to “No Bubble Here Either: Part Deux–Mountain View!”

  1. peanutbutter Says:

    I see stuff like this and often wonder what must be going through the minds of those who sold something like the featured house above. ” Gee, we just sold a tiny little house for a cool million! Yipee! We’re movin’ to Hawaii!”

    I cannot believe this sold for that much.

  2. Tom Paine Says:

    Those are tungsten bars!

  3. Alex Says:

    The street view is beautiful. One block from Castro Street. This house should be worth more.

  4. SiO2 Says:

    I’m with Peanutbutter, that price is amazingly high. It’s close to Castro street, and jobs. But, MV elem, not los altos like in other parts of MV. You could get a really nice place in Cambrian for that money, with better schools. Or a scraper lot in Los Gatos. Longer commute, but, spend $35k on a chevy volt for the HOV sticker and it becomes ok.

    I’d think that the closeness to Castro street would be attractive for people 30 with kids, the schools are more important.

  5. Real Estater Says:

    You guys are talking like out of towners. This is a pretty desirable property as I see it. Cambrian and Los Gatos are outer band areas, so you can’t compare apples with oranges.

    Electric car won’t save you money if you do the math. The extra up front cost will take more than 5 years to recuperate. Drive it if you enjoy the new technology, but not to save money.

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