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

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.


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.


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:


    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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