August 25, 2014

This Palo Alto home sold for $1.3M. You won’t believe what it is next to.

2411 MIDDLEFIELD Rd
Palo Alto, CA 94301
$1,300,000
3 Beds 
1.5 Baths  1,414 Sq. Ft.
$919 / Sq. Ft.
Built: 1947 Lot Size: 6,380 Sq. Ft. Sold On: Aug 22, 2014 Status: Sold

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Looking for a project? Opportunity for total remodel or new construction * Midtown location * Easy access to freeway * Large lot *

Thanks to Burbed reader RE for pointing this out a few weeks back.

“Looking for a project?” Isn’t everyone in the Real Bay Area since we’re all entrepreneurs? Now this is a project!

The insides have all the makings of a $1.3M house:

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Purple cabinets? Check. A range that looks like it is sliding away? Check. A refrigerator that’s… uh… there? Check.

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Bathroom with a shower? Vintage! Adds more value! Check.

Great. Lots of award winning features.

Now, what’s this about easy access to freeway?

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Well, being at the corner of Middlefield and Oregon Expressway, you really can’t quibble with that claim. I mean, it really is close to the freeway.

But being that Middlefield is perpetually backed up, just how would you even leave your driveway?

I guess it doesn’t matter because… well… this house is sold. I hope you act faster next time!

Comments (23) -- Posted by: burbed @ 5:59 am

23 Responses to “This Palo Alto home sold for $1.3M. You won’t believe what it is next to.”

  1. 2million$shack Says:

    $1.3m…what a steal! Lol. I wonder how much this “lovely” $3m home will end up going for: http://www.redfin.com/CA/Palo-Alto/1473-Dana-Ave-94301/home/543760

  2. Bob Says:

    Look what you could get for just a little more (if you define 200k as ‘little’) in Detroit:

    http://www.huffingtonpost.com/2014/06/05/alfred-fisher-mansion-detroit-for-sale_n_5431483.html

  3. Bill Lumberg Says:

    Want more irony?

    Compare the trulia crime maps:

    http://www.trulia.com/homes/Michigan/Detroit/sold/2083032-1771-Balmoral-Dr-Detroit-MI-48203

    http://www.trulia.com/homes/California/Palo_Alto/sold/7536209-2411-Middlefield-Rd-Palo-Alto-CA-94301

  4. Bob Says:

    @Lumberg – irony indeed. Less crime and a hell of a lot less traffic.

    Of course this is an apples-and-oranges comparison due to location, but by the time you factor in the cost of renovating the PA home, you could pay for years of upkeep of the Detroit mansion, and still live a good life!

  5. nomadic Says:

    Bill, there’ just one detail I’d be a little worried about. Does the Palmer Woods house show no crime around it because there aren’t any police to report crimes to?

  6. Gallileo Says:

    Location, location, location.

    Biggest issue with this house is that it is on the wrong side of Oregon Expressway.

    I mean, sure, you can see the right side of Oregon Expressway, but all that means is a wistful glance across the five lanes of traffic, where each lane is another 20% of property value.

    Across the street and its worth a cool $3 million, easy.

  7. Bill Lumberg Says:

    Nomadic – That’s probably it. It’s definitely not that Palo Alto has a crime problem that no one wants to talk about.

  8. dollarbin Says:

    You’re living in the past, Gallileo. Don’t you know there’s red hot real estate magma bubbling up in Midtown and South Palo Alto? Oregon Expressway is where the fun begins. You want $2K/sq. ft.? We got that:
    http://www.redfin.com/CA/Palo-Alto/825-Marshall-Dr-94303/home/1784275

    Some people don’t like old houses, tear-downs are the new black.

  9. Real Estater Says:

    First of all, there is no crime at that location. It’s not like there is a reason for people to frequent that spot. Lots of cars pass by, but few people walk there.

    Secondly, dollarbin is correct. What he said.

  10. BobZandi Says:

    It seems over priced. Though in many areas the prices of, homes for sale have now surpassed the 2007 peak, the ; August report indicates that it cooled off somewhat in the month of July but a recent report by the National Association of Realtors points to further appreciation in home values: RealtorsReport;

  11. mtv-renter Says:

    Palo Alto is super-special.

    How about a burned out husk of a house for $1.9M?

    https://www.redfin.com/CA/Palo-Alto/2120-Princeton-St-94306/home/602902

  12. nomadic Says:

    #1, your listing sold for 20% over list. Yes, $3.6M for an “okay” house on a 7200sf lot.

    Time to move to Nashville to live next to bob and his Wife. With the car carcasses in the yard.

  13. maraf Says:

    I lived in (rented) that shitty house for 7 years, and the pic shows my car still parked there, its an old pic. Yes, the driveway was hazardous and hard to back out of. And yes, there is crime there, I was mugged in March of 2012 at 9:30 pm walking back from Safeway/ 7/11, strong arm robbery purse snatching. I was targeted and followed back into the neighborhood. So glad to be out of there and cannot fathom who would pay $1.3 mil. There’s so much wrong with that tear down, don’t get me started. She was listing it below market for many reasons.

  14. maraf Says:

    The kitchen pic doesn’t show the hole in the wall from old pipes from a wood-burning stove, lol. That’s in the corner by the range with the rusted out paint on the broiler door.

  15. maraf Says:

    But there is a shower, tucked behind the door. It only has scalding water since the mixer is broken.

  16. maraf Says:

    And it has silverfish and termites. They were too cheap to treat for termites before substantial damage to the hardwood floors. The termite expert I called said they were ground termites that take advantage of foundation cracks. And what its next to is a huge green transformer box for the county, and there are all kind of utility boxes in the sidewalk in front of it, meaning that utilty trucks park in your parking spaces all the time and block you in or out because there is parking parking on the street in front of the house.

  17. maraf Says:

    And the robbery was only 3 doors down from there, not down by the stores.

  18. DreamT Says:

    Yes, Middlefield is the dumps – our car was stolen right from the garage back when our address still read “Middlefield Rd”
    So glad I don’t live there any longer.
    Miss the trees, though.

  19. burbed Says:

    Thanks for the history on this house!

  20. Real Estater Says:

    >>Middlefield is the dumps – our car was stolen right from the garage back when our address still read “Middlefield Rd”

    Wrong part of Middlefield.
    Actually Middlefield has some particular advantages. It cuts through the center of Palo Alto, so there’s no freeway noise or train noise.

  21. Real Estater Says:

    >>How about a burned out husk of a house for $1.9M?

    https://www.redfin.com/CA/Palo-Alto/2120-Princeton-St-94306/home/602902

    Sold for $2.8M.

  22. DreamT Says:

    >> Wrong part of Middlefield.

    You’re so right – I was 1 block North.

  23. Petya Bankov Says:

    Hi,
    this blog is hilarious!!! Made me feel good about Bay Area home prices, which hasn’t happened in 5 years :))
    That’s the first thing a read, which is true about the facts, because I am fed up reading about “House Recovery” and “Opportunities”, when prices are simply ridiculous, unaffordable, and outrageous for what is offered.
    Thank you for the humor and the sanity!!!


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