September 29, 2010

MUST SEE TO APPRECIATE! NOT AN REO OR SHORT SALE!!!

Here’s a great find from burbed reader Herve, who says, “Check out that location and tell me if anyone would want to spend $1,250,000 there.”

$1.25M in Menlo Park?  That’s not out of line at all for a larger house.  Menlo Park has some very nice neighborhoods.  Unfortunately, this is not in one of them.

1151 Windermere Ave  Menlo Park, CA 94025
$1,250,000

image

Beds: 5
Baths: 3
Sq. Ft.: 2,330
$/Sq. Ft.: $536
Lot Size: 5,403 Sq. Ft.
Property Type: Detached Single Family
Stories: 2
Year Built: 1947
Community: East of U.S. 101
County: San Mateo
MLS#: 81044545
Source: MLSListings
Status: Active
On Redfin: 14 days

NOT AN REO OR SHORT SALE!!! 5-6 BED, 3 BATH, 2 STORY HOME LOCATED ON A GREAT CORNER LOT WITH RV ACCESS, 2 MASTER SUITE AND CENTRAL HEAT AND AIR. TOTALLY REMODELED IN 2006. MUST SEE TO APPRECIATE!

What is the price point when a listing isn’t in all-caps?  Silly me, I had thought it was in six-digit land.  Guess the rules are different when the listing is NOT AN REO OR SHORT SALE!!!

The first photo above seemed odd, because it looked like it was taken from a street behind another street.  It was:

image

At least Howard street doesn’t go through; there’s a sidewalk cutting it short.  Nothing like living at a five-way intersection for great feng shui.  And nothing like the neighborhood for great property values:

image

Oops.  This place isn’t just on the Wrong Side of of El Camino Real.  It’s in the exciting community of Belle Haven, Wrong Side of 101!  Let’s see how Belle Haven compares with its zip code.

image

Um… wow.  Guess they came up with that $536 a square foot price by averaging the neighborhood cost per foot with the whole zip code.  But look, the house sold for $145,000 in 1989, right as the last bubble was running up, It’s more than doubled in 20 years, so it has to be in the Real Bay Area!  Plus it was TOTALLY REMODELED IN 2006.  This is definitely the neighborhood to do an expensive remodel (did you see that Jacuzzi?), because the price has nowhere to go but up, up, up!

Comments (63) -- Posted by: madhaus @ 5:03 am






May 12, 2010

Steakhouse, Boston Market or Safeway? – Part 3

Beds: 4
Baths: 4
Sq. Ft.: 2,840
$/Sq. Ft.: $528
Lot Size: 8,600 Sq. Ft.
Property Type: Detached Single Family
Stories: 2
View: Neighborhood
Year Built: 1945
Community: Allied Arts/Downtown
County: San Mateo
MLS#: 81010762
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 54 days
Surprisingly large home – charming cottage style with mature landscaping expanded to 5 bedroom home with 3 suites (l large suite w/ sitting room on second floor), lg suite + small suite on main level. Oak floors in nearly all of house. Central courtyard off dining, hall and master ste. Wide balcony off upper master suite. You’ll be surprised at the space and convenient location. FP + storage blds.

Thanks to Burbed reader Nate for this final part of his guest post:

Only $1.5M for this thoughtfully expanded home with not one, not two, but THREE suites!  Perfect for the families that don’t want to ever see each other.  If you’ve ever wanted to have a house with wings, but don’t have money for an Atherton estate, this place is for you.

Best of all, you’re quietly tucked away in an Allied Arts cul de sac, but you still have Safeway as a neighbor.  How is that possible you ask?  Just look in the backyard.  Granted, the wall separating you and the loading dock is 30 feet high, but think of it as your own personal climbing gym.  That, or you could just listen for when trucks pull up and have them toss you a case or two of whatever they’re hauling.

Comments (3) -- Posted by: burbed @ 5:52 am

April 20, 2010

Living room with easy access to fridge

$1,530,000

image

Beds: 3
Baths: 2
Sq. Ft.: 1,800
$/Sq. Ft.: $850
Lot Size: 8,350 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1948
Community: County/Alameda Area
County: San Mateo
MLS#: 81003410
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 73 days
Charming rancher in Las Lomitas School district * * * Extra large lot in a highly desirable location. Hardwood floors, large eat in kitchen with family room, extra large living/dining, wonderful home. Many updates!
Thanks to Burbed reader Nate for this find. This is what Nate had to say:

Not sure if this will make the cut since the house actually looks pretty nice and is a nice ‘hood – but I couldn’t resist because the location of the refrigerator is so epically awful.  If you look at the pics closely, you can see that the refrigerator is outside of the kitchen, with the door just down from the tv in the family room.  The best part is that the kitchen actually looks updated – and the refrigerator in question is of course stainless. 

This place has been on the market for 2.5mos and has had multiple price reductions.  At this point the asking is $155k below what the seller paid at the end of 2007 (he probably thought he was buying the dip).

Let’s take a look in the kitchen first:

image

Indeed. No fridge there. Let’s take a look at the “extra large living/dining”:

image

Sharp eyes Nate! That would’ve been an easy miss right there.

Frankly, this is perfect for 4/20 day. Got the munchies while watching The Matrix for the 2410th time? No problemo! The fridge is right there!

Comments (182) -- Posted by: burbed @ 5:55 am

February 10, 2010

Huge price reduction in Menlo Park, with security gates

$550,000

1145

Beds: 3
Baths: 2
Sq. Ft.: 1,250
$/Sq. Ft.: $440
Lot Size: 5,290 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1950
Community: East of U.S. 101
County: San Mateo
MLS#: 80947340
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 115 days
HUGE PRICE REDUCTION FOR QUICK SALE. RECENTLY UPGRADED. FENCED YARD WITH SECURITY GATES, CORNER LOT.

What? No interior pictures? How disappointing! How will I learn what the recent upgrades were?

No matter, after all it does include security gates! Of course, one might ask why you would need them – and the answer is obvious: it’s an affordable house! Someone might just steal it!

I guess the realtor was in a hurry, as he forgot to mention the other killer aspect of the house – easy access to 101!

image

Tired of calling 511 to find out the traffic? No need – just look down the street! Sounds like a winner to me!

Comments (19) -- Posted by: burbed @ 5:14 am

January 12, 2010

Bidding strategies for lucky buyers in Menlo Park

Beds: 4
Baths: 2
Sq. Ft.: 1,450
$/Sq. Ft.: $613
Lot Size: 5,050 Sq. Ft.
Property Type: Detached Single Family
Stories: Bi/Split Level
View: Neighborhood
Year Built: 1947
Community: County/Alameda Area
County: San Mateo
MLS#: 80957511
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 9 days
Award Winning Las Lomitas School District Excellent Location, Walk to Shops & Restaurants Easy Access to HWY 280, Stanford University & Stanford Mall Don’t Miss Out on This Great Opportunity. .. Make This Your Dream Home. Property to be Sold "AS IS" CO LISTED WITH WILLIAM MITCHELL

Hey all you lucky buyers out there – check it out! $888,800!

What I’m wondering is: why not go all the way and make it $888,888?

Will the missing $88 reduce your luckiness? Will your children not succeed as much?

Here’s the strategy for you bidders: Bid over. But make sure that there’s the maximum number of 8’s. Personally? I think your best bet is to offer $988,888 – that way you have 5 8’s and the buyer will still be happy.

What would you bid on this house?

Comments (16) -- Posted by: burbed @ 5:00 am

November 9, 2009

Fixer Upper or Tear Down in Menlo Park

11 HAPPY HOLLOW Ln, Menlo Park, CA 94025 | MLS# 80949636
11 HAPPY HOLLOW Ln Menlo Park, CA 94025
Price: $549,000

11
Beds: 2
Baths: 2
Sq. Ft.: 1,110
$/Sq. Ft.: $495
Lot Size: 0.3 Acres
Property Type: Detached Single Family
Style: Traditional
Stories: 1
View: Neighborhood
Year Built: 1923
Community: Alpine Road Area
County: San Mateo
MLS#: 80949636
Source: MLSListings
Status: Active
On Redfin: 7 days
Do Not Disturb Tenants!!!DO NOT DRIVE DOWN THE LANE. Park above the lane and walk down. This is a Fixer Upper or Tear Down. This home is nestled in Redwoods, Oak Trees and lush foilage. Located on a Private Lane with only 2 other homes located on this lane. Award winning Las Lomitas School. Walk to Stanford Dish and Golf Course. Please check with County regarding property to build.

Thanks to Burbed reader Herve for this find.

Wow… it’s a fixer upper or a tear down! What choices!

One really has to wonder what will happen if they drive down the lane. Will there be armed guards that shoot to kill?

Unfortunately, there’s not a lot to go on here… but it sure looks like a nice neighborhood!

11a

This could be the deal of the century. Or not!

Maybe there’s some secret teleportation research there. After all, this house enables you to some how walk to the Stanford Dish real easily.

Or… maybe… there is a headless horseman!

http://en.wikipedia.org/wiki/The_Legend_of_Sleepy_Hollow

The story is set circa 1790 in the Dutch settlement of Tarry Town, New York, in a secluded glen called Sleepy Hollow. It tells the story of Ichabod Crane, a lean, lanky, and extremely superstitious schoolmaster from Connecticut, who competes with Abraham “Brom Bones” Van Brunt, the town rowdy, for the hand of 18-year-old Katrina Van Tassel, the daughter and sole child of a wealthy farmer, Baltus Van Tassel. As Crane leaves a party he attended at the Van Tassel home on an autumn night, he is pursued by the Headless Horseman, who is supposedly the ghost of a Hessian trooper who had his head shot off by a stray cannonball during “some nameless battle” of the American Revolutionary War, and who “rides forth to the scene of battle in nightly quest of his head”. Ichabod mysteriously disappears from town, leaving Katrina to marry Brom Bones, who was “to look exceedingly knowing whenever the story of Ichabod was related”. Although the nature of the Headless Horseman is left open to interpretation, the story implies that the Horseman was actually Brom Bones in disguise.

Oh wait… this is Happy Hollow, not Sleepy Hollow. Oops.

Comments (6) -- Posted by: burbed @ 5:09 am

November 4, 2009

Live in a Mansion Condo in Menlo Park!

14 MANSION Ct #714, Menlo Park, CA 94025 | MLS# 80930044
14 MANSION Ct #714 Menlo Park, CA 94025
Price: $1,995,000

14
Beds: 3
Baths: 3.5
Sq. Ft.: 2,850
$/Sq. Ft.: $700
Lot Size: 1 Sq. Ft.
Property Type: Condominium
Style: Contemporary
Stories: 1-3 (Low Rise)
View: Bay, City Lights
Year Built: 1975
Community: Sharon Heights/Stanford Hills
County: San Mateo
MLS#: 80930044
Source: MLSListings
Status: Active
On Redfin: 122 days
Fabulous bay views from this sophisticated Sharon Heights condominum. grand master suite, exceptionally spacious room sizes, wonderful entertaining flow and move in condition! One level living with step down living room, sep. dining area, wet bar, updated eat in kitchen w/ office nook. Large storage & two car pkg in secure garage. Lush gardens, pool, spa, club house, elevator. Las lomitas schools

To celebrate the peak of Condo/Townhouse week, I thought this would be appropriate.

It’s ok to gasp.

$2 million dollars for a condo on Mansion Ct. A 3br/3.5 ba 2,850 sqft condo. This is craziness!

You know what else is crazy? The HOA: $900 a month.

You might be wondering, how much over asking will this house that requires a $9,468 monthly payment sell for?

Honestly, it’s hard to say. There’s so many things going for this house. First, it’s on a street called Mansion Ct… that in itself is worth 2% over asking. Then there’s the fact that it is really targeted at middle managers who don’t want the hassle of homeownership – but they do want the pride. That’s probably worth another 4%. Finally, there’s the $900 HOA! That makes living here extremely exclusive. That’s gotta be worth another 5%.

All in all, this is an extremely unique property that’s looking for an extremely unique customer. But once the perfect match is made, someone will be living in an awesome condo on Mansion Court.

(HINT to future buyer: please petition the city to rename the street: Megamansion Row, to up the value!)

Comments (18) -- Posted by: burbed @ 5:23 am

August 11, 2009

2br/1ba in Menlo Park for just $1.8 million – house not included

441 MENLO OAKS Dr, Menlo Park, CA 94025 | MLS# 80924368
441 MENLO OAKS Dr Menlo Park, CA 94025
Price: $1,800,000

441
Beds: 2
Baths: 1
Sq. Ft.: 790
$/Sq. Ft.: $2,278
Lot Size: 0.43 Acres
Property Type: Detached Single Family
Stories: 1
View: Neighborhood
Year Built: 1923
Community: Menlo Oaks Area
County: San Mateo
MLS#: 80924368
Source: MLSListings
Status: Pending With Release
On Redfin: 76 days
Perfect setting for anyone???s dream home. This sunny, flat lot is located in a serene and rustic environment with mature Oak and Redwood trees. The numerous luxury properties that already exist in the neighborhood make this an ideal place to build a quality home. A perfect lot in a great neighborhood – don???t miss this exceptional opportunity! The Property is being sold as land value only.

Holy cow! .43 acres! That’s a huge amount of land!

Here’s what Burbed reader Sonarrat had to say about this house:

Could anyone justify this? Seriously. If it was zoned R3, sure. It’s close to the apartments on Coleman Road, so it would be a nice site for a new complex. But it’s not, it’s R1.

I think you’re missing the point. This is your opportunity to build your dream home, your trophy home. Your home that says “I just IPOed!” Your home that says “Silicon Valley makes everyone rich!” This one isn’t about monetization. It’s about showoffization.

Just think of how envious others will be when you build your own Menlo Park version of Versailles on this .43 acre plot of land.

The first thing I would do? Give the estate a name.

I’d call it “Athertonish”.

Comments (12) -- Posted by: burbed @ 5:30 am

July 30, 2009

Menlo Park house – 95% new!

414 OCONNOR St, Menlo Park, CA 94025 | MLS# 80848553
Menlo Park, CA 94025
Price: $1,299,400

414
Beds: 3
Baths: 2
Sq. Ft.: 1,677
$/Sq. Ft.: $775
Lot Size: 10,200 Sq. Ft.
Property Type: Detached Single Family
Style: Country English
Stories: 1
View: Neighborhood
Year Built: 1926
Community: Willows/O’Conner Area
County: San Mateo
MLS#: 80848553
Source: MLSListings
Status: Active
On Redfin: 216 days
Classic design. Totally remodeled (95% new)3 bedrooms w/ 2 full baths. Just a short walk to University Ave. shops & restaurants. Kitchen has granite counters & custom cabinets w/ professional stainless appliances. Open light & bright main living areas w/ patios off dining and family rooms. Spacious master suite w/ hipped ceiling & French doors lead to beautiful secluded garden. MenloPark schools

Finally, a property that makes Menlo Park proud to be a member of the Real Bay Area. $1.3 million with 3 bedrooms and 2 baths. Ahhhhhh.

What’s fascinating is that this place is totally remodeled and is thus 95% new. But if it were 95% new, wouldn’t you build a bigger place? Especially with this large lot? What gives?

And while we’re at it, what’s going on in this picture outside?

414a

The reminds me of the scene in Terminator 2 where Sarah has the dream about the playground that is covered in ashes. I mean, this is seriously creepy. Has the technological apocalypse happened already in Menlo Park? Has SkyNet finally risen out of the wacky projects in Palo Alto and started to terminate humanity?

I don’t know the answers – but I do know that you should feel pretty safe on this huge lot with French doors!

Comments (50) -- Posted by: burbed @ 5:26 am

July 20, 2009

Do not enter property without licensed realtor

545 PALMER Ln, Menlo Park, CA 94025 | MLS# 80928864
545 PALMER Ln Menlo Park, CA 94025
Price: $500,000

545
Beds: 2
Baths: 1
Sq. Ft.: 1,050
$/Sq. Ft.: $476
Lot Size: 0.43 Acres
Property Type: Detached Single Family
Stories: 1
Year Built: 1936
Community: County Area/Fair Oaks Ave
County: San Mateo
MLS#: 80928864
Source: MLSListings
Status: Active
On Redfin: 27 days
Unique Investment Opportunity for All-Cash Buyer. Land Value Only. Remodel work done on 2 bed/1 bath bungalow has no permits and isn’t completed. Potential buyers to determine subdividability prior to submitting offer. Do not enter property without licensed realtor. Short Sale.

Thanks to Burbed reader Herve for this find. It’s Herve week!

Frankly I’m amazed at how self sacrificing Realtors are. This house (houses?) are so dangerous that you will need a licensed realtor to serve as your guardian when you enter to inspect it. Did you know that licensed realtors are also certified in CPR and have to pass firefighters exams? I didn’t. But clearly they must!

I can just imagine it now, you enter the house, and you are so overwhelmed by the value that you pass out. Then, the licensed Realtor will swiftly pick you up, and carry you out of the structure – evoking memories of this fine movie.

If only we had more licensed realtors, the world would be a safer place. If only.

Comments (12) -- Posted by: burbed @ 5:10 am