Here’s another incredible listing from burbed reader sonarrat, who loves the combination of high price and low quality. Put them together and you have today’s feature!
1424 Grant Rd Los Altos, CA 94024
Sq. Ft.: 816
$/Sq. Ft.: $1,578
Lot Size: 0.45 Acres
Property Type: Detached Single Family
Year Built: 1947
Community: South of El Monte
County: Santa Clara
On Redfin: 84 days
CHARMING 2BED/1BATH HOME WITH A LARGE LOT OF 19,500 SF * HARDWOOD FLOOR UNDER THE CARPETING * GREAT SCHOOL DISTRICT * WALKING DISTANCE TO SCHOOLS AND PARK * CLOSE TO SHOPING AREAS, EL CAMINO HOSPITAL, HWY 85/280 * EASY COMMUTE TO ANYWHERE IN THE SILICON VALLEY * THIS PROPERTY HAS LOT OF POTENTIAL:TO LIVE IN, UPDATE, REMODEL OR BUILD THE HOME OF YOUR DREAMS * YOU MUST SEE THIS PROPERTY INORDER TO APPRECIATE.
Yes! Another million-plus property with a listing in all caps! Yes! LOTS OF POTENTIAL. Yes! Busy street! Yes! Busy one-lane-each-way street with constant backups! Yes! No garage, just a one-car carport! Yes, Yes, Yes! YOU MUST SEE THIS PROPERTY INORDER TO APPRECIATE. Because it’s just sitting there on Redfin, day after day, depreciating. Take a look at how it’s depreciating while you don’t go see it. It’s all your fault this lawn hasn’t been watered in 84 days!
Here’s another reason this property is a must-see, I mean a MUST SEE. Yes, it’s on a busy street, but did you consider how the lot shape could mitigate that location fail?
All you have to do is bulldoze the scraper that’s only on the land to allow a home mortgage, instead of paying 50% down for an empty lot. Then BUILD YOUR DREAM HOME in the extended area in back, far from the traffic, And if you think just being on a busy street is bad, take a look at this.
That street right across Grant from this property is Oak Avenue, and it’s used by a lot of savvy locals to avoid traffic further south (the preschool, the intersection with Fremont Avenue, the feeder to Foothill Expressway). The large open area to the right is Mountain View High School. Put those facts together and they spell “EASY COMMUTE TO ANYWHERE IN THE SILICON VALLEY provided you can ever get out of your driveway.”
If the economy ever gets any better you’re going to have an even longer wait, because the old Pumpkin Patch parcel, a little further north, is just waiting to add more homeowners (and car owners) to the traffic mix. But that’s okay. You shouldn’t time a major purchase like a house anyway. Buy this property today and worry about the 53 new houses going in later. If you’re really lucky the economy will splutter and the developer will go bankrupt. Hey, it could happen! Failing developers have kept downtown Sunnyvale retail-free for ten years! Doesn’t a Los Altos address deserve just as much?