December 20, 2013

Irreplaceable at this price in Monte Sereno!!

Let’s have a look at a property that isn’t jumping into somebody’s lap and getting overbids out the wazoo. Your job is to figure out what is preventing this normal Real Bay Area behavior from taking place.  Thanks very much to Burbed reader nomadic for this find.  Bunus: no longer available on Redfin!

131213-lexington-trulia18331 Lexington Dr
Monte Sereno, CA 95030
$3,624,000 Trulia Estimate

  • 3 bed,
  • 4 full bath
  • 8,710 sqft
  • Single-Family Home

Property Details for 18331 Lexington Dr

18331 Lexington Dr This Single-Family Home located at 18331 Lexington Drive, Monte Sereno CA. 18331 Lexington Dr has 3 beds, 4 baths, and approximately 8,710 square feet. The property has a lot size of 1.25 acres and was built in 1992. The average listing price for similar homes for sale is $2,684,230 and the average sales price for similar recently sold homes is $2,526,783. 18331 Lexington Dr is in the 95030 ZIP code in Monte Sereno, CA. The average price per square foot for homes for sale in 95030 is $788.

Public Records for 18331 Lexington Dr

Official property, sales, and tax information from county (public) records as of 09/2012:

  • 131213-lexington-entrySingle Family Residential
  • 8,710 sqft
  • Stories: 3 story
  • Parking: Garage
  • 1 Building
  • Tax Rate Code Area: 16-010
  • 3 Bedrooms
  • Lot Size: 1.25 acres
  • A/C
  • Parking Spaces: 5
  • Pool: Pool (yes)
  • 4 Bathrooms
  • Built In 1992
  • Heating
  • 9 Rooms
  • County: Santa Clara

131213-lexington-wineWell, that’s fairly boring. Fortunately, Movoto still has the actual listing copy:

Neoclassical Estate–one of a kind–irreplaceable at this price!! Main home has 3 bedroom suites, library, plus full guest quarters with kitchen, bedroom & bath. Separate pool cabana with full bedroom, bath, & kitchen (square footage includes cabana and guest quarters). City lights, mountain views, gated, beautiful pool, minutes to Los Gatos plus fabulus Los Gatos Schools. Five Car Garage!!!

131213-lexington-studyNow let’s check in with nomadic:

Look what I found at Mausoleums R Us.  It isn’t exactly a Black Friday special, given that it’s been on the market nearly five months without a price reduction.

Looks like it went pending after nomadic sent it on, on December 9th, and the agent promptly yanked it with the useful Pending/Do Not Show designation.  And while Redfin doesn’t have a thing for us to see, both Trulia and Zillow have plenty of pictures, and Zillow also has the listing history.  Check this out!

131213-lexington-price-history

Any predictions on what the selling price will end up being? We’re throwing in for fifteen million!

Comments (2) -- Posted by: madhaus @ 7:05 am






February 20, 2013

Oh Please Oh Please Oh Please in Woodside

Sometimes we run across some terrific properties where the listing is canceled before we can feature it. And as long as we can still find the information online somewhere, we’ll still share it with our fans.  Today’s featured home spent more than TWO YEARS waiting for a suitor and finally went home from the Ball, alone and dejected.  But now the housing bubble is back, at least in the Real Bay Area.  So we’re hoping to see this house on the market again Real Soon Now.

130219-northgate-movoto125 Northgate St
Woodside, CA 94062
$9,999,500

Loan Payment: $35,366/mo
Bedrooms: 6
Bathrooms: 8
Size: 16,900 sqft
$/Sqft: $591/sqft
Type: Single Family House
Year Built: 1934
Lot Size: 124,973
Days on Movoto: 755 days
Neighborhood: Woodside Heights
MLS#: 81054806
Status: Cancelled

BOARDER OF ATHERTON! LOS LOMITAS SCHOOLS! 2.89 ACRES! OVER 17,000 SAUARE FEET! The Buck Estate. Designed by noted architect Albert Farr, who modeled Buck after Hampton Court in Middlesex, England, a 16th century royal family residence. Brick & stucco cut stone, high Gothic arches, slate roof,& bay views. Ornate plaster details, beautiful rooms of original carved wood panelling.

Wait a minute, this place looks very familiar.

130219-northgate-110408

And the current listing photos on Movoto are exactly the same as the ones from almost two years ago. What isn’t the same is the price.  Looks like this charming cottage took a 22% haircut before leaving the barber’s chair.  Let’s have another look inside.

130219-northgate-billiards130219-northgate-chandelier

These pictures look way worse blown up larger (click ‘em!). And now that any fool can take HDR photos on an iPhone, maybe this is all we should expect.  After all it is the BOARDER OF ATHERTON.

Comments (12) -- Posted by: madhaus @ 5:05 am

September 30, 2012

Kittehz 4 Sale on ur haiwhey

Here’s a property coming on the market that you don’t see every day.  The Cats estate in Los Gatos is for sale.  It’s right off Highway 17 just a mile south of downtown Los Gatos, next to the The Cats Restaurant & Tavern.  Thanks very much to Burbed reader Kir from Inside Los Gatos for passing this item along.

120929-cats-sothebys

More info, and videos, are at the agent’s site.  The property is nine separate parcels consisting of over 75 acres of land, with three different originally built houses.  Views galore, of course.  It can be yours for $8,995,000.

120929-cats-platFacts and Features

Main House:

3985 Square Feet
Built in 1925
5 Bedrooms
4 Bathrooms
Remarkable Valley Views
Finished Basement-perfect for wine cellar
View Amphitheater
Terraced Courtyard
Famous collection of notable “attached” art work

Additional Buildings:

The Gatehouse
The Poet’s Cottage
The Ranch
The Geodesic Dome
The Teacher’s House
…more

Additional Features:

Gated entry featuring the famous Stone Cats
Riding/biking trails
Poet’s Canyon
The secret benches
The round bench
Superb acreage for horses
Natural splendor, a photographer’s paradise
Natural springs
Suitable for vineyards
120929-cats-gatehouseMountain, valley and lake views

Chain of ownership:

1920-1955
Charles Erskine Scott Wood & Sara Bard Field
1955-1960
Fred G. Hampton
1960-Current
Ogilvie Family

Does nine million seem like the right price for a property like this?  Think of all the fun you’ll have with everyone who ever knew you in elementary school dropping by because “they were in the neighborhood.”

This is the gatehouse above right.  Below is the main house.

120929-cats-main

All these pictures were snagged from the videos on Duane Adam’s site.  Below left is a view inside the main house, and below right is the Poet’s Cottage.  The latter gives just a taste of the views from the property.  Plenty more in the videos, plus footage from the 1930s!

120929-cats-inside120929-cats-poets

Watch the daughter of the current owner get all choked up over the property being sold.  She says whoever gets the property will be “very lucky,” so why didn’t they price it at $8,888,888?

One thing we did discover that isn’t on Adam’s site: the actual address.  If you bought the Cats Estate, you’ll be receiving your mail at 17525 Santa Cruz Hwy, Los Gatos, CA 95033

Comments (9) -- Posted by: madhaus @ 5:06 am

June 22, 2012

Wouldn’t It Be Waverley?

Let’s finish out the first weekend of summer with another Two for One Special.  Thanks very much to Burbed reader nomadic for this Palo Alto find.

1936 WAVERLEY St
Palo Alto, CA 94301
$8,988,000

 

BEDS: 2
BATHS: 1
SQ. FT.: 1,020
$/SQ. FT.: $8,812
LOT SIZE: 7,000 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1926
COMMUNITY: Old Palo Alto
COUNTY: Santa Clara
MLS#: 81222806
SOURCE: MLSListings
STATUS: Active

ON REDFIN: 4 days

Price includes 1934(front) and 1936(back) Waverley St. These 2 properties are in the prime location of Old Palo Alto and are to be sold together. It’s a rare opportunity to own a 2 lots together in Old PA. #1934 has 3/2.5 + 2 car garage, with serene back yard. #1936 has 2/1 old ranch + 1 detached garage. City shows larger lot area. Buyer to varify with city planning dept for lot size and FAR
Yes, it’s just like the pair of homes we ran on Tuesday, except these have 8s in the price.  And 8s in the price per square foot, too!
Be sure to check out the other house.
Comments (27) -- Posted by: madhaus @ 5:08 am

May 23, 2012

Nine million dollar house, kitchen needs updating

Thanks very much to Burbed reader Wendie for this palatial pad in Palo Alto!  And unlike almost every other property in Palo Alto, this one’s still for sale despite this my sitting on it since April.  Remember, there is nothing wrong with any house that price cannot fix.  And by those standards, this house is definitely a fixer.

1870 UNIVERSITY Ave
Palo Alto, CA 94301
$8,995,000

120522-university-redfin[4]

BEDS: 6
BATHS: 6
SQ. FT.: 9,319
$/SQ. FT.: $965
LOT SIZE: 1.97 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Spanish
STORIES: 2
VIEW: Neighborhood
YEAR BUILT: 1929
COMMUNITY: Crescent Park
COUNTY: Santa Clara
MLS#: 81211470
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 55 days

One of PA’s largest lots! GardnerDailey’s classic Monterey Colonial style of architecture. The interior is classic and stylish featuring a lavish master suite w/ spa inspired bathroom, and 5 additional bedrooms, 3 with en suite baths. Additional 1 bedroom apartment above a 3 car detached garage completes the generous accommodations totaling over 9,300 sf. Park like 86k sf lot in Crescent Park.

120522-university-countersHere’s what Wendie had to say about this house:

What an awful kitchen! 

For a 9M dollar house, couldn’t they have AT LEAST upgraded the kitchen counter tops? Amazingly crappy kitchen for 9M!
120522-university-kitchenNo, no, no, Wendie, this is an amazing vintage kitchen for 9M!  After all, this is Palo Alto.  What would be a problem in any other listing just automagically converts that bug into a feature.  Weird countertops?  More awesomeness.

And talk about convenience!  Look where this house is located!

120522-university-satellite

Right next to East Palo Alto!  This home is guaranteed to be the very first place those delightful scamps will visit for a few good-natured pranks when hijinks ensue!

Comments (30) -- Posted by: madhaus @ 5:09 am

November 22, 2011

Requires extensive remodelling in order to enjoy the 2013 America’s Cup

This San Francisco house was briefly mentioned in the zip code series this past weekend, and really deserves an appearance of its own.  It’s not just a really expensive house in San Francisco, it looks like it comes with a huge number of challenges opportunities waiting to happen!

2250 Vallejo St, San Francisco, CA 94123
$7,950,000

image

BEDS: 0
BATHS: 12
SQ. FT.: -
LOT SIZE: -
PROPERTY TYPE: Single-Family Home
VIEW: Panoramic, Bay, Golden Gate Bridge
YEAR BUILT: 1902
COMMUNITY: Pacific Heights
COUNTY: San Francisco
MLS#: 390207
SOURCE: San Francisco MLS
STATUS: Active
ON REDFIN: 50 days

Large, Italianate view mansion. Four floors of occupancy. Formerly occupied as 11 units and presently vacant. Conditional Use Authorization obtained in 2009 to merge 11 units to 2 units (home with apartment). Although most original details remain, the home requires extensive remodelling in order to enjoy the 2013 America’s Cup.

image

This looks like a house that needs an in-person visit, what with the MLS not specifying how large the house or the lot is, or showing very many pictures either.  When there are more snaps of the view than the house, you know it isn’t going to be “turnkey.”  Instead, get your work gloves ready, because you’ll be spending the next year and a half fixing up this place in order to enjoy the 2013 America’s Cup.

Wouldn’t it just be easier to watch it on television?

Anyway, the public records say the home is 7335 square feet on a 6187 sf lot.  No bedrooms but 12 bathrooms, formerly 11 units rented out.  Given how tight the rental market is in SF, how do you think the tenants were cleared out?  Arson?  Blackmail?  Cockroaches?  Dynamite?

Here’s a couple comments on this home from Socketsite, back in 2009 when another Pacific Heights home that had been chopped into apartments failed to sell and was withdrawn from the market.

imagePosted by: Jake at March 27, 2009 2:51 PM

This would have been a great house if left alone.
The problem is that there was a period from the
thirties to the fifties when large houses were treated as white elephants. Many of them have been returned to their architecturally natural use.

Including… I am pleased to report, the James Francis Dunn mansion on Vallejo, for which the Planning Commission, in a moment of unusual enlightenment, approved, Thursday, a “dwelling unit merger” of eleven to two units!

Hooray for common sense! Commissioner Borden observed that the purpose of denying mergers was to preserve affordable housing, and apartments on this street would not be affordable by any measure.
The building is owned by the Rossi family, who as they noted, contributed a Mayor to SF.

imagePosted by: Conifer at March 28, 2009 11:02 PM

Holy Crap! I can’t believe that unit merger went through! I thought it would be DOA so I never bothered to check the commission’s decision. It was absolutely the right decision. 2250 is arguably THE most beautiful home on Vallejo St and should never have been chopped up.

imageJames Francis Dunn is not the owner but the architect of this house, and he designed a number of “French Renaissance” apartment buildings throughout San Francisco.  This book on Pacific Heights homes states that building an actual house was a departure for Dunn, and features this nice line drawing above.

The SF Chronicle article on Dunn’s designs describes this house in a footnote: “2250 Vallejo St., in Pacific Heights, originally a single-family house, is a playful take on Italian Renaissance with beautiful proportions and detailing.”

That’s a lot of Frenchified talk for what’s really important.  KAWLUMS!  And finding an agent who can’t spell remodeling but can walk you through an eight million dollar transaction.  Best of all, this “architectural pastry” has the icing on its street name: associated with a large, prolonged bankruptcy.

Comments (13) -- Posted by: madhaus @ 5:03 am

November 20, 2011

Moo-ha-ha-ha! Burbed’s Most Loved Series EVER!

Yes, we’re back with Northern California places on the Forbes most expensive zip code list.  As you get ready for Thanksgiving, one thing you can give thanks for this Thursday is that this all-time favorite series (if by “favorite” I actually mean “causes excited readers to fling household appliances”) only runs on Sundays.  That means it’s at least another seven days until the next installment!  If you missed the last ones, you’ll want to catch up RIGHT AWAY so you are completely up on every aspect:

Also, beginning Friday will be Burbed’s Black Friday Sales!  That’s where we scour the Real Bay Area in search of the best bargains out there for you.  While you may not be able to afford the most expensive house in the most expensive zip codes, maybe you can afford one on the other extreme!

And now, the Top 100 of the Bottom 300 Most Expensive Zip Codes in the Country: This is Fourth Tier: Under a Million Median Means Middleclass Metroplex.  Or the shorter version: Forbes screwed up again.

#212: Redwood City 94062

  • Median Home Price: $998,975
  • Median Price Change: -11.9%
  • Average Days On Market: 200 118
  • Inventory: 118 76
  • Rank in 2010: #185 (-27 spots )
  • Most Expensive Home: $3.6 Million $3.45 Million (610 Edgewood Road)

imageOne of the few shared zips to survive Forbes and Altos Research’s data parsing, the most expensive zip in Redwood City is shared with tony Woodside, California.  But you won’t find movers and shakers like Larry Ellison in Redwood City.

What you will find is this house, complete with Mawbul Kawlums, at a Woodside Price on a busy arterial that feeds I-280!  The owners have been trying to sell it since 2009, no doubt because its neighborhood of “High School Acres” fails to evoke wealth, exclusivity, or prestige.  Maybe they should rename it “Prep School Prospects” and see if that does the trick.

More exciting Zip Code ZAwesomeness after the break!  More! More! More!

(more…)

Comments (9) -- Posted by: madhaus @ 5:15 am

October 22, 2011

Silicon Valley Luxury Real Estate’s Most Astonishing Webpage Ever

I read a lot of real estate sites in order to bring you Burbed-worthy features.  Recently, I found an agent’s special “Astonishing Homes” page that looked absolutely scrumptious.  Plenty of seven and even eight-figure high-end properties on acres of land with great schools.

Now I know absolutely nothing about this particular agent, but all these homes were on MLS. Member agents can detail any MLS listings in their region, and Sophia Delacotte put together a webpage with nicer luxury properties for people to get some real estate pr0n action.  But something was amiss when I took a closer look at the actual listings.

image

With ten different houses, that’s ten front facades and ten sets of details.  I have all that waiting for you inside, but before you join me, make your prediction how many of these ten estate properties:

  • Sold (pending within 7 days)
  • Sold (pending within 30 days)
  • Sold in a longer timeframe
  • Are still active on MLS
  • Had their listing withdrawn
  • Had a price reduction at some point

For “bunus” yucks, guess how many of these ten estate homes have marble columns.

Got your guesses ready?  Good.  Now, let’s see these Astonishing Homes and find out if you’re as Astonished as I was.

(more…)

Comments (17) -- Posted by: madhaus @ 5:06 am

January 12, 2011

Most Expensive Sale 2010 – Santa Clara County

Yesterday we showcased the most expensive sale last year in San Mateo County, a $15M property in Woodside.  Can Santa Clara beat that?  Yes we can! But only if we count the sale of a mobile home park.  If we want to stick to single-family houses, the answer is NO WAY, SAN JOSE.

16331 Matilija Dr, Los Gatos, CA 95030

Sold on 06/15/2010: $10,000,000

<img missing due to burbed’s terrible admin skills. working on restoring>

BEDS: 6
BATHS: 7.5
FINISHED SQFT: 11,616
UNFINISHED SQFT: 3,075
TOTAL SQFT: 14,691
FLOORS: 2
LOT SIZE: 82,328
STYLE: Single Family Residential
YEAR BUILT: 2001
YEAR RENOVATED: 2001
COUNTY: Santa Clara County
APN: 51030027
LAST UPDATED: August 26, 2010

<img missing due to burbed’s terrible admin skills. working on restoring>

Alas, the original sales description and images are gone.  But check this out.  Looks like the asking price on this megamansion was once $14,900,000.  And it has the agent’s description (even if the pictures are gone), so let’s enjoy what they were so eager to hide:

MEDITERRANEAN INSPIRED VILLA BY MEHUS CONSTR-NEARLY 2 AC OF FORMAL HILLTOP LAWNS,TERRACES&COURTYARDS-BELOW REPLACEMENT COST-TRUE GRAND ESTATE VIEWS FROM SF TO SO. VALLEY-ARTESIAN WORKMANSHIP-NOTHING SPARRED-FINEST QUALITY-MUST SEE

Wow.  Artesian workmanship.  So there should be deep and narrow wells all over the property – or the construction crew came from France. And nothing was sparred.  Glad they weren’t fighting while installing all those tiles on the roof.  Although if the house was really “below replacement cost” at $14.9M, there was probably a lot of fighting when it sold for ten million with that 33% haircut.

Also I’m going to call shenanigans on “below replacement cost,” since tax records say additions are valued at $5.2 million. This house is ten years old, not a hundred. Maybe you can convert a garage into a couple of bedrooms without anyone noticing (until you try to sell the place), but there’s no way the FB put up a quarter acre worth of house and “forgot” to file construction permits.  That addition value shouldn’t be too far out of line with actual building costs.

If we ranked the homes on Sunday’s Zillow list by how much of a discount off original asking price they sold for, this Los Gatos hyperhouse that takes up more floor area than some strip malls would be tied for fifth place.  No question about it, Los Gatos has an insanely overpriced, oversized home smacked down by market forces.  Booyah!

Comments (13) -- Posted by: madhaus @ 5:05 am

December 30, 2010

BIG Clearance Sale – Los Gatos

When the banks say everything must go, they really mean everything, including this big, big, big deal.  Thanks to Burbed reader nomadic for today’s amazing offer.

18157 Wagner Rd, Los Gatos, CA 95032
$7,695,000

image

Beds: 5
Baths: 6
Sq. Ft.: 7,035
$/Sq. Ft.: $1,094
Lot Size: 25 Acres
Property Type: Detached Single Family
Style: Contemporary, Mediterranean
Stories: 2
View: Green Belt, Mountains, Canyon, Neighborhood, Valley, City Lights
Year Built: 1999
Community: Los Gatos/Monte Sereno
County: Santa Clara
MLS#: 81051721
Source: MLSListings
Status: Active
On Redfin: 62 days

COMPLETELY REMODELED TUSCAN ESTATE ON 25 SPECTACULAR VIEW ACRES * SEPARATE 10 ACRE PARCEL IS IDEAL TO BUILD A SECOND ESTATE OR VINEYARD * EXQUISITE DETAILS INCLUDE NEW EXTERIOR FINISHES, PLASTER WALLS, INFINITY EDGED POOL, NEW LUSH LANDSCAPING, NEW DESIGNER BATHROOMS, AND STUNNING HARDWOOD & TRAVERTINE FLOORING * MINUTES TO DOWNTOWN & HWY 85 * DISTINGUISHED LOS GATOS SCHOOLS * OVER 7,035 SQFT OF LUXURY & PRIVACY

Such a BIG deal the agent put everything in CAPITAL LETTERS so you can pick up his URGENCY.  HURRY, HURRY, HURRY, it’s only been listed 62 days.

imageHere’s what nomadic had to say about this listing:

Look at the confusing history on this house.  The old listings bounce between 15 and 25 acres.  There are two parcels apparently, but with the foreclosures I’m surprised they would have continued to be owned by the same entity.  The prices are all over the place too.

image Wait, multiple foreclosures?  One at $3,367,000 and another at $4,155,534, within two weeks of each other?  Plus four sales within two months during the bubble, between an individual, a relative, a limited liability corporation, and a living trust (and that’s before the banks got involved)?  Is it a house or is it a hot potato?  Don’t know, but it’s (they’ve?) been listed on MLS no less than fourteen times since it was built eleven years ago.

image

 

The listing and sales record is so long it has 42 entries in it.  Head over to Redfin and take it all in there.

One great thing about buying this house: You will definitely get to decide what color you want your walls painted.  Is there anything sadder than a ginormous custom home full of abandoned equipment because the owner ran out of money?  There’s definitely a story here, but you don’t need to hear it.  You just need to take this property off the bank’s books cheap, and pick out some paint.

Comments (17) -- Posted by: madhaus @ 4:57 am