We love flips. Take your vintage crapbox that hasn’t been updated since the original owners signed the restrictive covenant, let it marinate for 57 years and mix thoroughly with a cash sale. Wait 3–6 months and then garnish with new appliances, new paint, new countertops. Of course it’s the same old house under the makeup.
Today’s Los Gatos lovely was sent in by Burbed reader nomadic. See how long it takes you to figure out what’s wrong with this picture.
135 ANNE Way
Los Gatos, CA 95032
2,299 Sq. Ft.
$478 / Sq. Ft.
Lot Size: 8,050 Sq. Ft.
On Redfin: 26 days
Status: Pending Without Release
Property Type: Detached Single Family
County: Santa Clara
Community: Los Gatos/Monte Sereno
Huge lot. Incredible Gorgeous tree-lined street in highly desirable Los Gatos neighborhood! This home is another SVHOME renovation that includes stunning remodeled kitchen featuring granite counters, new appliances, new lighting and laminate flooring; baths feature extensive use of travertine stonework. New plumbing fixtures, vanities and lighting; plush new carpeting in all bedrooms, fresh paint
Bought November 16, pergranisteel kitchen, new baths and some paint by December 26, when it was re-listed. Instantly pending! $284k price delta.
The flippers’ site: http://www.svhome.com/
Yes, the flipper’s have a site, including a ginormous animated photo-graphic that literally flips in segments while you watch. They also have a page of all their pending properties, including this one. Most of the others have a virtual tour. This one does not.
This one also does not have any photos of that stunning remodeled kitchen featuring granite counters, new appliances, new lighting and laminate flooring. The flippers are asking us to take their word for it about the extensive use of travertine stonework. They wouldn’t even give us a peek at the plush new carpeting, fresh paint.
Although we are giving you a really good ogle at those sturdy power transmission lines running through the back yard. Now, check out this unbelievable listing history, courtesy of Zillow:
Are you sure there was a flip here? Really super sure? Because if there was, it’s still selling for less than they tried to get for it five years ago. (And according to Redfin, they were trying to sell it in 2006 as well.) The November sale price is an eye-opener. Looks like after five or six years of chasing the market down, the owners finally bailed. Just a month later it’s back in seven digit range. All it took was a little pergranisteel and traverstone.