June 24, 2013

Rhinestone in the Rough of Redwood City

Feeling a little stomped by the THERE IS NO HOUSING BUBBLE IN THE BAY AREA? Here’s a property for under $750K! There was a time when you could have bought this house with a $729K conforming loan, but then the government had to change the rules on us. Thanks very much to Burbed reader hOtSauCe from San Carlos for the find!

130623-alexander-redfin186 ALEXANDER Ave
Redwood City, CA 94061
$699,900

2 Beds
1 Baths
770 Sq. Ft.
$909 / Sq. Ft.
Built: 1952
Lot Size: 2,550 Sq. Ft.
On Redfin: 48 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Horgan Ranch
MLS#: 81314440
Style: Contemporary
View: Neighborhood
County: San Mateo

A 2BR 1BA single family residential located in a very desirable area west of Redwood City, near the border of Atherton. A diamond in the rough, this starter home has great potential and with some TLC and creativity, can transform into a charming house with picket fences and great curb appeal. Near Woodside Shopping Complex, transportation, school and other commercial establishments.

130621-alexander-kitchen130621-alexander-carpet130621-alexander-trashbins

The house may need some TLC and creativity, but the picket fences are already there and are painted white for your convenience. Now just work on the curb appeal: check out that Streetview below, and did they have to feature the trash bins in two different listing photos? 

Also practice saying “West Atherton” a bunch.

130621-alexander-streetview

Comments (6) -- Posted by: madhaus @ 5:04 am

6 Responses to “Rhinestone in the Rough of Redwood City”

  1. donjumpsuit Says:

    Way to turn a detached garage into a retirement fund.

  2. sfbubblebuyer Says:

    What the…. that’s not a great section of Redwood City. Sure, it’s not the WORST section, but 700k for that? Clearly they took a trip into a slightly worse section to pick up some crack before deciding what price to list at.

  3. nomadic Says:

    $909/SF for a fixer in Redwood City? Nah, no bubble here!

  4. nomadic Says:

    Did anyone check out the listing history? It was foreclosed for $338,600 in February.

  5. SEA Says:

    “Aug 22, 2003 Sold (Public Records) $390,000″

  6. AstroWallaby Says:

    #1: That isn’t a joke, is it. I seriously wonder what the story behind this bizarre little dwelling is. It’s not like Redwood City is lacking for houses that look very similar:

    http://www.redfin.com/CA/Redwood-City/554-Stanford-Ave-94063/home/1677503

    But this one sticks out like a sore thumb compared to its immediate neighbors.

    Maybe this housing development was financed by Earl Scheib and he needed to build at least *one* unit like this so he’d be able to advertise that he would sell you a house for his trademark $29.95 price. Classic bait and switch tactic…


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