Last week we looked at a series of very expensive houses. Let’s return to our Burbed roots and examine some less stratospheric home options. Today’s featured façade is a Milpitas mansion, thanks to Burbed reader PKamp3.
436 COELHO St
Milpitas, CA 95035
SQ. FT.: 1,962
$/SQ. FT.: $174
LOT SIZE: 7,975 Sq. Ft.
PROPERTY TYPE: Detached Single Family
YEAR BUILT: 1964
COUNTY: Santa Clara
ON REDFIN: 30 days
Wow! What a price! This beautiful 5 bedroom 3 bath home has enough square footage for a large family. Grand entry with pillar columns opens into a large living area with fireplace. Some bedrooms downstairs and the rest upstairs. 1 full bathroom downstairs as well!
Here’s why PK thought we should check this one out:
How about revisiting a house which has been featured on Burbed before?
So… if it was featured on Burbed on June 17, 2011 for $674,950 and it costs $340,800 today… is a 54% annualized loss the new 7.2% gain?
Yes, indeed, this house was featured before. Bet you didn’t recognize its new look above, either.
According to Zillow, the price was only lowered one other time from the original $674,950 “WON’T LAST!!” listing, to $660,000. And if the place didn’t sell at $674,950 between May and October, slashing $14,950 off (a whopping 2.2%) should have commenced the overbidding immediately.
The new asking price has been sitting for a month, despite the amazing features of the house (Some bedrooms downstairs and the rest upstairs). I know that when I buy a six bedroom house, I’m always really cheesed off when discovering some of the bedrooms under the septic tank.
Also, the price cut also reflects another cut: this new listing no longer features a view. But the kawlums are still included. Do check out the pictures on this new listing, though, as there are surprisingly few of the inside of the house compared to last time. There are four different shots of the back yard, and every single one of them features the portable grill.
Meanwhile, three different Redfin agents have left comments on the house. Let’s share in their expert opinion.
Question: Does the master bedroom have a Jacuzzi tub in it? Second question: How come two out of three realtards can’t spell Jacuzzi? J’accuse!