August 27, 2012

Million dollar education in a five and dime neighborhood

Good morning, and welcome back to another exciting Real Estate Week of Win here on Burbed!  Let’s get right to today’s spotlighted spectacular in the palatial premises of Palo Alto!  Thanks very much to Burbed reader Petsmart Groomer for the drive-by!

3980 El Cmaino Real #13
Palo Alto, CA 94306
$20,000

120826-elcmaino-redfin

120826-elcmaino-interiorProperty Type: Mobile Home (Single Wide)
County: Santa Clara
Community: Barron Park
MLS#: 81230106

Palo Alto Schools for a rental cost of $675/month! By renting in this park, children eligible to attend Palo Alto Schools. Family of 4 with children attending Palo Alto Schools moving so now you can enjoy a million dollar education without the million dollar home purchase price! Laundry facilities in park. Good family park with good neighbors all getting along. Walk to Elementary school.

120826-elcmaino-bathroomWait, you can still buy a home in Palo Alto for a million?  Who knew?  Let us know if you have any success finding one.

And if you can’t, there’s always today’s featured home!  This property shows the benefits of jaw-dropping listing copy coupled with a misspelled street address, photos with plenty of clutter,  the mandatory crapper-cam with the lid fully raised  and proudly proclaiming its crappertude, and most important of all, good neighbors all getting along.  All this at an unbelievably affordable buy-in price and a monthly space rent that will no doubt be ratcheted up the split second you finish signing over that escrow.

But this is a good family park.  It says so, right in the listing.  And it must be, because we’ve featured this park on Burbed before.

Want to see how good this neighborhood is?  Well then, why not meet a couple of your new neighbors?  We’re sure they can’t wait to make the acquaintance of you, and especially the rest of your family. 

120826-elcmaino-offender-41120826-elcmaino-offender-42

Comments (21) -- Posted by: madhaus @ 5:06 am






October 5, 2011

It’s baaaaaaaaack. 602 Chimalus makes its return

Today’s house has been brought to you by Burbed reader Gallileo, who is guest blogging a perennial find!  Yes, you’ve seen this house before, and you may be seeing it yet again!  After all, it’s still for sale after 45 days, despite the Palo Alto address.  This is definitely an opportunity for somebody!

Best of all, the Agent has a Financial Interest in this plum.  Mmmmm!


 

602 CHIMALUS Dr, Palo Alto, CA 94306
$1,750,000

image

BEDS: 4
BATHS: 3
SQ. FT.: 2,090
$/SQ. FT.: $837
LOT SIZE: 5,311 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 2
VIEW: Neighborhood
YEAR BUILT: 2008
COMMUNITY: Barron Park
COUNTY: Santa Clara
MLS#: 81135381
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 12 days

A fusion of great contemporary design, fine craftsmanship and a calming color palette results in a modern home that is a joy to live in. This home is only 3 years old and shines like new. Spaces are flexible to accommodate your lifestyle and allow single level living, if that is what you seek. Fine custom features and workmanship and Palo Alto schools!

Like a realtor’s penchant for bad pictures and poor copy, 602 Chimalus just won’t go away for long. This house has made several appearances on Burbed over the years, and is right back where it started–for sale with only two weeks on the market–really!

image

 

image

Didn’t sell for $1.6 million in 2009. Didn’t sell for $1.69 million in 2010. Surely it will sell for $1.75 million in 2011. We all know there has been much more than 60K of appreciation on every house in the RBA over the past year, so we know that the overbidding on this place will take it right up where it needs to be.

Even the commenters on redfin think the seller is crazy–of course this was back in 2010. Can’t wait to see how long it lasts on the market this time around.

Comments (46) -- Posted by: madhaus @ 5:09 am

September 20, 2011

Move in and make it your own. Your own housing nightmare.

Thanks to the sharp eye of Burbed reader SEA, we have found affordable housing in Palo Alto!  Thanks very much for calling out this place in comments.  Yes, sonarrat wrote this place up already.  I’m just adding some more context to the idea that you no longer have an excuse not to trade up to Gunn High School.

 

3980 El Camino Real #27, Palo Alto, CA 94306
$27,000

image

BEDS: 3
BATHS: 1
SQ. FT.: 602
$/SQ. FT.: $45
LOT SIZE: -
PROPERTY TYPE: Mobile Home (Single Wide), Room Addition
YEAR BUILT: 1964
COMMUNITY: Barron Park
COUNTY: Santa Clara
MLS#: 81116830
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 140 days

Now you can afford Gunn High School for your teenagers and Palo Alto Unified for your smaller children! This home is much less to own than it costs to rent in Palo Alto School District! Move in and make it your own.

If you make it your own, you’ll fit right in here!  The owners of the park make their own spelling rules!

image

imageYes, you can afford Gunn for your teenagers (plural) and Palo Alto Unified for your smaller children (plural).  You, your spouse, and your at least four children will delight in all 602 square feet of this expansive 3 bedroom, um, mobile home.  In a trailer park.  IN PALO ALTO.

I’m going to say this again.  Trailer park. In Palo Alto.  This is the real estate equivalent of a squeegee guy at the Ferrari dealership, or Jeff Foxworthy spilling beer on you at Bohemian Grove.

imageDid you ever think there were some properties that won’t gain value even with those amazing Palo Alto schools?  This is one of them.  140 days on the market, price reduced 4 times, and it’s still there for the taking. Part of the reason is the neighborhood, part of the reason is the neighbors, and most of the reason is you aren’t buying any land, you’re buying a tin box and the right to pay monthly rent to keep it in PALO ALTO.

Here’s what you need to know about this place.

imageMobile Home Information
  • Section 1 DOH/HUD Number: GBG1040CK
  • Leased Land
  • Unit Will Remain
  • Space Rent: $650
  • Manufacturer’s ID Number: Mayflowe
  • License Fee: $66
  • License Renewal Date: 2012-04-30
  • License Expiration Date: 2012-04-30
  • License Decal Number: EJ4778

imageThat rent seems kind of low for Palo Alto, actually.  I’m sure the park owner’s agent will be delighted to negotiate a new (read: more expensive) rental agreement with you, after you close on the cargo container and have the option of either loving it or lugging it to any other trailer park in Palo Alto willing to take you at the rent you’re willing to pay.

Remember those arguments you would have as kids, like whether Superman could defeat Captain America, or if  the 1978 New York Yankees could beat imagethe 1976 New York Islanders, or if an irresistible force could shift an immovable object or which would you rather do, be staked on a fire ant hill or have all your toes cut off with a rusty soda can?

This is the grown-up version of those questions.  Does the awesomeness of Palo Alto jack the price up, or does the loserdom of trailer park smash the price down?  How much is this sardine can going to finally sell for?

image

Burbed hasn’t done many mobile homes. In fact, last time we did one, the owner of the property requested the article be yanked. So we haven’t had lots of discussion on the many issues in buying a house on leased land, but check out the comments on that thread for some of them.  And here’s a brief history of this particular mobile home park.

The door of opportunity is OPEN! So move in and make it your own.

Comments (14) -- Posted by: madhaus @ 5:06 am

September 7, 2011

Gunn High School for $27,000. There goes your last excuse.

Friends, sonarrat here. I’m here for a brief visit and to give you great news: I’m happy to report that the long wait is over. The bottom of the housing market is upon us. How do I know this, you ask? How can it not be, when we have this nice, fat little plum just ripe for the picking?

3980 El Camino Real #27, Palo Alto, 94306
$27,000

 3980 El Camino Real, #27, Palo Alto, CA 94306BEDS: 3

BATHS: 1
SQ. FT.: 602
$/SQ. FT.: $45
LOT SIZE: -
PROPERTY TYPE: Mobile Home (Single Wide), Room Addition
YEAR BUILT: 1964
COMMUNITY: Barron Park
COUNTY: Santa Clara
MLS#: 81116830
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 138 days

 


Hey, where are you all going in such a hurry? My post isn’t even over yet!!!

Comments (26) -- Posted by: sonarrat @ 5:00 am

August 16, 2011

Beautiful drawing of a house, comes with huge sandbox

Here’s a find from Burbed reader Wendie, from the zip code that is singlehandedly responsible for keeping construction workers employed.

 

3798 LAGUNA Ave, Palo Alto, CA 94306
$2,498,000

image

BEDS: 5
BATHS:  3.5
SQ. FT.:  2,783
$/SQ. FT.:  $898
LOT SIZE:  8,378 Sq. Ft.
PROPERTY TYPE:  Detached Single Family
STYLE:  Modern/High Tech
STORIES:  2
YEAR BUILT:  2011
COMMUNITY:  Barron Park
COUNTY:  Santa Clara
MLS#:  81118659
SOURCE: MLSListings
STATUS:  Active
ON REDFIN: 107 days

Barron Park Style Home with Great Room overlooking back yard. New construction by Excellent Builder James Witt that has been building homes for over 40 years. Buyer may select 8 finishes. Completion date by end of September 2011.

imageHere’s what Wendie has to say about this property:

Wow, they are trying to sell a foundation!

Well, that’s not all you get, Wendie.  You can select 8 finishes, and we’re talking Excellent Builder James Witt that has been building homes for over 40 years.  So that’s 5 years per finish.

Hmmm.  So is Excellent Builder James Witt a person, place, or thing?  And if that has imagebeen building homes for over 40 years, wait, it’s homes, so at least he/it hasn’t been working on this one since 1971.

I do wonder just which is more unlikely, though, that this house is going to be ready in six weeks, or that the agent is going to update the virtual tour so we don’t conclude that Excellent Builder James Witt has done nothing but tear up the yard.

But since this Barron Park Style Home with Great Room definitely won’t be ready in time for school starting next Tuesday, you could camp out in what’s left of the back yard.  I hear there’s a Great Room overlooking it.

Comments (11) -- Posted by: madhaus @ 5:11 am

January 31, 2011

Great starter home–ready for move in or remodel in Palo Alto

Beds: 3
Baths: 1
Sq. Ft.: 905
$/Sq. Ft.: $1,133
Lot Size: 6,875 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Stories: 1
Year Built: 1950
Community: Barron Park
County: Santa Clara
MLS#: 81049730
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 89 days
 
Looking for a great starter home, move in ready, remodel or maybe build your dream home in the Barron Park neighborhood, this is the property for you. Quiet area close to schools, Parks and shopping. Perfect investment opportunity for the savvy investor/builder.

Every everyone! Check out this fantastic deal! Just $1,133 per square for for you to tear down, or move into. It’s amazing how things can be both perfect opportunities for investors/builders and be move in ready. But this is the kind of innovative and agile spirit that we have in the Real Bay Area.

So let’s see… buy it… tear it down… build a 2000 sqft home on it… hey, that’s not too bad at all! Just $1.625M all in! Sweet what a deal!

Better buy soon. This is the year Real Bay Area prices roar back. I’m calling it now – $2000 per square foot in Palo Alto by this time next year!

Comments (35) -- Posted by: burbed @ 5:42 am

January 6, 2011

a home, or at least an agent, that e.e. cummings would love

There’s a neighborhood in Palo Alto where all the streets are named after famous authors. But where would those authors want to live if they were teaching at Stanford?  Here’s a great house for a poet who likes to break conventions.

3858 Magnolia Dr, Palo Alto, CA 94306
$1,150,000

image

Beds: 3
Baths: 2
Sq. Ft.: 1,621
$/Sq. Ft.: $709
Lot Size: 7,500 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1952
Community: Barron Park
County: Santa Clara
MLS#: 81100414
Source: MLSListings
Status:Active
On Redfin: 1 day
New Listing (24 hours)

charming california ranch located in sought after barron park! huge 7,500 square foot parcel, three spacious bedrooms, including master suite w/ office or den area. two full bathrooms, spacious living/dining room, new comp roof, hardwood floors, fireplace in living room. with a little TLC this could be a great home!

imageTalk about a living in a pretty how town.  Too bad the agent had to ruin the literary fun by capitalizing TLC.  Instead, the features of the property should have been turned into blank verse.

patio cracked leafs oh my
step falls back oh no head hurts
smells like autumn wait that’s mold under my window

the paint fresh smooth dust falls covers my quilt with powdery fluff cough

imagei sit greet the new day the sink dripping dripping washer replacement need trip OSH again fourth trip this week

knees cannot fit grab the bar grab the bar

my bank calls me mortgage late again more fees fees fees

a little tlc i have none why this could be great home someone with more money than me maybe for

you know this piece is over over over when photos don’t intrigue just lead
to more bad prose

Comments (122) -- Posted by: madhaus @ 5:07 am

July 7, 2010

Let’s revisit 602 CHIMALUS Dr

$1,689,000

602 CHIMALUS Dr Palo Alto, CA 94306

image

Beds: 4
Baths: 3
Sq. Ft.: 2,090
$/Sq. Ft.: $808
Lot Size: 5,311 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 2
View: Neighborhood
Year Built: 2009
Community: Barron Park
County: Santa Clara
MLS#: 81011503
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 115 days
Custom contemporary home on a Palo Alto cul-de-sac. Custom bamboo cabinetry in the kitchen and baths w/ soapstone and slate counter tops. Soaring ceilings. Heated bath floors. White oak floors throughout. Green features include LED lights, tankless hot water, ceiling fans, attic fans, 2 zones HVAC, and more! Palo Alto schools including Gunn High. ALso available for rent at $6250/month.

Now this house was mentioned before – let’s take a look at the way back machine…

July 24 2009

Pralay Says:
July 27th, 2009 at 10:52 pm

One more Palo Alto property that has neither buyer nor renter – 602 CHIMALUS Dr. The flipper bought the lot for $1.1M in 2007. In market from December (price reduced from $1.9M to $1.6M).

Now the flipper put it up as rental in craiglist – for $6995 per month.

Recently, burbed reader Gallileo saw that it continues to be listed, and had this additional commentary:

A house no one is worth of in Barron Park

Flipped not once but twice from 2006 to 2007, then undergoing an extensive remodel, this house first listed in 2008 in its new incarnation. All the resales and repricings–”Up! No down! no up!”–show the true desirability of this house–its so hot that no one feels worthy of it for more than a year. Even the former renters moved out. And how can you ever find the right price on a house that sells and rerents so often?

Now it sits there, stately and sideways on its half-sized lot, backed up against Palo Alto’s only light-manufacturing industrial plant, just waiting for a renter or buyer who feels worthy of it. The recent price increase shows just how desirable it is.

Alright all you creative minds out there… what’s it going to take to get this house sold? I’m thinking… increase the price even more! Let’s make it even more valuable by making it even more precious!

Anyone know what the fair market rent value of this house would be? Any good comparables?

Comments (60) -- Posted by: burbed @ 5:05 am