Thanks to Burbed reader Real Estater who shared this house in comments, and calls this “Unbeatable value in 94301.” I think he misspelled “Uninhabitable.”
SQ. FT.: 1,224
$/SQ. FT.: $490
LOT SIZE: 3,936 Sq. Ft.
PROPERTY TYPE: Detached Single Family
YEAR BUILT: 1912
COMMUNITY: Crescent Park
COUNTY: Santa Clara
ON REDFIN: 1 day
NEW LISTING (24 HOURS)
Strictly Land Value! Substandard but buildable lot! Existing structure no value/no foundation. No reports. AS IS-WHERE IS for house, systems, any pers. prop. Buyers to do all due diligence in advance. Per City PA (not guaranteed. Buyer to independently investigate/confirm) No 2nd story or basement allowed. New Requires 1 covered + 1 uncovered parking. .45% FAR with restrictions.
Another refreshing entry! How many homes for sale in Palo Alto have the word “substandard” in the listing or say the house has no value or foundation? Too few! And no reports. And no 2nd story or basement. Remember, you may deserve a Yes in San Jose, but all you’re getting in Palo Alto is a bunch of No no no no no (buyer to independently investigate/confirm).
As to the .45% FAR; It does say POINT four five percent above, right? Decimal point and a percentage. Math class is tough!
That means 0.0045 of the land can be built on. So, .0045 times 3936, carry the three, um… you can build a 17.712 square foot structure on this lot. Yes, under eighteen square feet. Here is something that is 18 square feet, the kitchen on the right.
Oh, wait, the rotating kitchen uses up 18 square feet. We need something that shows how much room you have if your living space is 18 square feet. How about this half-bath plan!
So, the realtard can’t do math and clearly slept through fifth grade when decimals and percentages were covered. Just the trained professional you want representing you in a $600,000 transaction involving lots and lots of minutiae like building codes and escrow balance sheets. He really meant 45% or .45 FAR. Palo Alto would never restrict you to an eighteen square foot house when tearing down a 99 year old scraper. (Piedmont would.)
That means you can build up to a 1771.2 sf house on the substandard lot, whoops, you need a covered parking space plus an uncovered one, guess you better take 200 feet off for the mandatory one-car garage. Still, a 1571 sf house is bigger than what’s there now. Plus it will have the added advantage of having luxurious extras such as a foundation. And value.