April 21, 2012

Pride of Ownership: Los Gatos Edition

Thanks very much to Burbed reader Kir for passing along this nugget from her blog Inside Los Gatos.  While this is a commercial property, there’s no reason why it couldn’t be returned to its original purpose as an ostentatious trophy home.

120420-santacruz-house

Pride of Ownership Retail Investment | Los Gatos

115 N. Santa Cruz Avenue
Los Gatos, CA 95030
$4,900,000

Building Size: 7,300 SF
Price/SF: $671.23
Property Type: Retail
Property Sub-type: Free Standing Bldg
Property Use Type: Net Lease Investment with 10+ years left on lease
Cap Rate: 5.14%
Occupancy: 100%
Tenancy: Single
Lot Size: 17,987 SF

Highlights

  • Iconic Historic Building – One of Los Gatos’ Most Well Known Landmarks
  • Irreplaceable Downtown Los Gatos Location
  • 100% Leased to Experienced Restaurant Operators
  • New 10 year Lease w/Scheduled Increases
  • Minimal Landlord Obligations
  • Recent Extensive Renovations

Here’s what Kir had to say about this place over on Inside LG:

Coggeshall Mansion is For Sale

120420-palacio-dallasOne of our readers sent me a real estate flyer about the Coggeshall Mansion. I was going to post it in my "Where to Build a School" column, but decided it would be just too ridiculous of an idea; however, I want to share the fact that you can own a piece of historic downtown Los Gatos.

The history of the Coggeshall Mansion is interesting, to say the least. The house was originally built for Mary G. Coggeshall, a wealthy widow with two children. According to Alastair Dallas, "Once a grand home, one of many along N. Santa Cruz Ave., the Coggeshall Mansion was built in 1891 and converted into the Place Mortuary in 1917. When it re-opened as the Chart House restaurant in 1976, the bar in the back was called the Embalming Room. After the Chart House closed, the restaurant was known as Trevese from March 2007 to Fall 2009…" Now, Palacio inhabits the mansion.

Hooked on Los Gatos has a 1949 flyer depicting the Place Funeral Home. You can check it out HERE. In fact, many of the locals swear the mansion is haunted.

120420-place-funeralSo not only is the former home being sold at a premium as commercial in-town property, it comes with “bunus” ghosts.  Here’s some more on the hauntings mentioned above.

Unfortunately the link above is to yet another Google product called “knol” that’s being abandoned for insufficient awesomeness. That means the link above may not work after May 1st.  Sorry about that. 

Here are the links given in that article about the ghosts, like the one who runs up huge bar tabs or the little girl who turns wine bottles hiding the label, or the little boy running outside the building.

This house/restaurant/funeral parlor is definitely for someone who had a huge pile of stock option cash dumped in their lap who wants to one-up all those Facebook poseurs househunting in Palo Alto and Hillsborough.

Thanks very much to Kir for allowing us to reprint articles that mention real estate.

Comments (4) -- Posted by: madhaus @ 5:06 am






April 5, 2012

Updated: 3 level executive estate in midtown Palo Alto in a cul-de-sac

It’s been far too long since we’ve heard from Burbed reader dollarbin.  Let’s check in with this palace in Palo Alto!

2783 RANDERS Ct
Palo Alto, CA 94303
$3,248,000

120403-randers-redfin

BEDS: 5
BATHS: 5
SQ. FT.: 5,255
$/SQ. FT.: $618
LOT SIZE: 8,712 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 3
VIEW: Neighborhood
YEAR BUILT: 2010
COMMUNITY: Midtown
COUNTY: Santa Clara
MLS#: 81146955
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 147 days

Elegant newly constructed (2010)3 level executive estate in midtown Palo Alto in a cul-de-sac * One of a kind quality & workmanship with mahogany paneling & hand carved custom doors * Gourmet kitchen with S/S appliances, granite counters, custom cherry cabinets & a breakfast bar * Brazilian teak flooring & imported marble floors throughout * Includes library, exercise & media rooms.

120403-randers-crapperHere’s what dollarbin had to say, when passing this parcel along:

Anybody send you this one yet?

Who says Palo Alto is free of McMansions? I had given up the dream of spending less than $700/sq ft in Palo Alto, but this Spec House PA-lightup-signmisadventure proves it saves to buy in bulk. Plus it has a totally classy fountain burbling in the front yard.

This listing caught my eye because I noticed they have a flyer sign out on Colorado Ave that actually lights up at night, so I looked up the Redfin knowing it would be full of win.

Wait… spec house misadventure?  How can anyone have a misadventure when they’ve lit your way there?  Although the price history may tell us a thing or two.

120403-randers-history

120405-randers-columns-addedAnd here we thought the misadventure was the .60 FAR or the 11 HDR.  So let’s help this poor spec house.  What is keeping it from generating dozens of overbids?

Bunus: Mawbul kawlums are rectangular!  Break out the red arrows!

Update 10:41 am: Two more kawlums lurking on the right of this picture, noted by Burbed reader SEA.  Mawr red arrows, please!

Comments (44) -- Posted by: madhaus @ 5:11 am

April 4, 2012

Post-modern style meets post-modern price in Los Gatos

Thanks very much to Burbed reader nomadic for finding this luscious living situation in Los Gatos, one of Silicon Valley’s few celebrity domiciles!

300 SANTA ROSA Dr
Los Gatos, CA 95032
$5,000,000

120402-santarosa-redfin

BEDS: 6
BATHS: 6.5
SQ. FT.: 7,500
$/SQ. FT.: $667
LOT SIZE: 1.19 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Modern/High Tech, Contemporary
STORIES: 2
VIEW: Canyon, Valley
YEAR BUILT: 1986
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81207180
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 38 days

This exquisite 7500 sq/ft, 6 bedroom, 6.5 bath home on 1.19 acres nestled in the Los Gatos Mountains, combines post-modern style with majestic natural views. It is a natural abode for light and warmth. Recently re-designed and renovated, this home was originally built by Steve Wozniak, co-founder of Apple Computer, Inc. and retains several of his most unique design elements.

120402-santarosa-loudcolorsHere’s why nomadic sent us this natural abode for light and warmth:

The former Wozniak house.  Featured on burbed many moons ago, and now listed for $5M.  Look at its history.

We don’t have anywhere as many celebrities in Silicon Valley, but Woz is one of the few that we ought to look into a house he had built.  So let’s have a look at how this house was marketed back in the early end of the bubble days of 2008, right after the break!

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Comments (10) -- Posted by: madhaus @ 5:08 am

February 17, 2012

Fresh air and no one above you, only eagles

It’s time for a weekend getaway!  Burbed reader Tracy has just the spot: yet another installment in our collection of castles for sale!

10180 CINNABAR HILLS Rd
San Jose, CA 95120
$1,699,900

120215-cinnabar-redfin

BEDS: 5
BATHS: 3.5
SQ. FT.: 5,740
$/SQ. FT.: $296
LOT SIZE: 12.53 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 3
VIEW: Mountains, Lake, Valley, City Lights
YEAR BUILT: 2009
COMMUNITY: Almaden Valley
COUNTY: Santa Clara
MLS#: 81203188
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 20 days

3 story Almaden Castle on the top of Mountains. 3 years old. Custom built. 180 degree view. Endless Opportunity and freedom to add your own finishing touches, arrange your wine cellar in the basement. Master bedroom on the top floor. Patio, deck, balconies. Two garages 2 car each. Gated community. Top rated Almaden schools: Graystone, Bret Harte, Leland. Fresh air and no one above you, only eagles

120215-cinnabar-stairsFreedom!  Freedom like the eagles above you, no one else!  Freedom to add your own finishing touches!  Freedom to arrange your wine cellar in the basement!  That’s realtard-speak for the owner ran out of their own freedom, I mean money.  Their misfortune is your opportunity!  Endless Opportunity!

120215-cinnabar-portals-to-hell

Here is your Endless Opportunity to add your finishing touches to the kitchen.  Can you figure out what is missing from these pictures?

120215-cinnabar-kitchen1120215-cinnabar-kitchen2

120215-cinnabar-platesYou can enjoy nine more pictures than Redfin provides, as this castle has its very own website.  On the right is one of several extra photos showing the Endless Opportunity you will have getting all the electrical plates, switches, and outlets to blend in a bit more unobtrusively with the paint scheme.

Nothing like living in a three story castle with no one above you.  That means your family has to live in the dungeon.

Comments (16) -- Posted by: madhaus @ 5:05 am

February 4, 2012

Contractor’s License Yanked over offending trench

Here’s some news from the exciting and ever-fragrant community of Milpitas!

State suspends license of contractor in fatal trench collapse

120203-milpitas-trench-collapseBy Joe Rodriguez, Posted: 02/03/2012 08:34:27 PM PST
Photos by ABC7 News

State officials Friday suspended the license of the contractor building a home in Milpitas where an immigrant carpenter was buried alive over the weekend when a trench collapsed over him.

The Contractors State License Board said it suspended U.S.-Sino Investment, based in Fremont, after discovering the builder claimed to have no employees when it filed paperwork in 2008. Agency spokesman Rick Lopes said the employee list was necessary to meet state requirements for workers’ compensation insurance.

The owner of the company, Richard Liu, is believed to be in China and could not be reached Friday for comment.

120203-milpitas-trench-collapse-2We have to go back to some earlier articles to find out a little more about the home in question.  It turns out that you need a state permit, not just a mere city Mother-May-I, to dig trenches deeper than five feet. 

Furthermore city inspectors had issued a stop-work order three days before the tragic accident, because the trench was not shored. The recent rains made it even more unstable, plus the construction work by the contractor was also considered poor quality.

Why do you think a 5800 sf house foundation needs a 12 foot trench?  Were they building their own wine caverns?  Given that it was in Milpitas, shouldn’t it have been corn syrup caverns instead?

Anyway, here is the property in question:

120203-814-Calaveras-Ridge

Notice anything interesting about this 2010 sale?  Not only did the agent provide both ends of the deal, but that name ought to sound a tad familiar.  If it doesn’t, go back and read the third paragraph of the Merc’s article above.

Criminal charges are being considered against the contractor, but then again, building a 5800 sf “small mansion” seems to require additional karma loss.

Comments (22) -- Posted by: madhaus @ 5:03 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 8, 2011

Larry Unloads His Other Woodside Listing

We’ve spent too much time talking about Steve Jobs and Mark Zuckerberg, so it’s time to show Larry Ellison a little Burbed love.  And why not, when you could be the next owner of this Woodside home he’s no longer using, since he’s too busy buying up every piece of lakefront property on Tahoe he can find.

 

1 TURKEY FARM Ln, Woodside, CA 94062
$19,000,000

image

BEDS: 4
BATHS: 3.5
SQ. FT.: 5,850
$/SQ. FT.: $3,248
LOT SIZE: 3.4 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Colonial
STORIES: 2
VIEW: Mountains, Neighborhood
YEAR BUILT: 1968
COMMUNITY: Central Woodside
COUNTY: San Mateo
MLS#: 81131446
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 109 days

Exclusive equestrian estate comprised of 2 parcels for total 6.88 acres – 1 Turkey Farm Lane & 125 Roberta. Private & secluded at the end of a cul-de-sac 1 Turkey Farm–Classic colonial 4bd/3.5ba home, pool house, pond-like pool with elevated spa, 125 Roberta–1bd/1ba guesthouse, beach volley ball court, ponds Equestrian facilities 5-stall barn on each property Western Hill View Woodside Elementary

I deliberately misled you by putting the last picture up on the Redfin overview shot.  That’s the guesthouse, or the equestrian facilities, or maybe both.  I used that shot because I thought Burbed readers really enjoy seeing the house in KawlumVision.

image

And if that isn’t worth $23 million $19 million, I don’t know what is.  Although it’s too bad you won’t have Larry as a neighbor if you buy here.  His Japanese castle is almost a mile away.  Neighbors love having Larry next door since he picks fights about things like tree heights and solves the problem by buying your house for $40 million.

Comments (10) -- Posted by: madhaus @ 5:06 am

October 25, 2011

A Tour de Force? This is at least a Tour de Sixce

Thanks very much to Burbed reader Overheard in San Carlos for this find nowhere near San Carlos.  Even though this was sent in a couple of months ago, it’s still on the market.  If you read Saturday’s piece on Astonishing Homes, that fact won’t astonish you in the least.

If you’re asking yourself why it took a couple of months to run this listing, then you’ll realize there are many great submissions to choose from.  At some point we many need to start running houses on weekends, which would be a terrible shame.  That would mean no more zip code articles, ever again, and they were such a reader favorite!

So, on to today’s featured home in Los Altos Hills!

 

11580 OLD RANCH Rd, Los Altos Hills, CA 94024
$6,850,000

image

 

BEDS: 4
BATHS: 5
SQ. FT.: 7,825
$/SQ. FT.: $875
LOT SIZE: 1 Acre
PROPERTY TYPE: Attached Single Family
STYLE: Contemporary
STORIES: 2
VIEW: Green Belt, Neighborhood
YEAR BUILT: 2010
COMMUNITY: Los Altos Hills
COUNTY: Santa Clara
MLS#: 81134148
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 79 days

Serenity, Privacy, Seclusion. This Komo Construction Contemporary masterpiece provides an incredibly spacious floor plan of approx. 7,825 sq. ft. plus approx. 1024 sq. ft. bonus room, up to 25 ft. soaring ceilings. The lush resort style backyard, complete with infinity pool and relaxing spa, is perfect for entertaining and quiet enjoyment.

Masterpiece, spacious floor plan, soaring ceilings, lush resort, perfect for entertaining, quiet enjoyment. That’s about five too many real estate clichés for one listing, and we haven’t even gotten to the title they’ve given the virtual tour: “A Tour de Force of Contemporary Design.”

I hope you know what “Contemporary Design” means.  That’s right.  NO MAWBUL KAWLUMS.  It also means “This place is perfect for Unhappy Hipsters captions.”  Here’s a couple of my suggestions.

image

The captive dwarf cypress glared at the locked cell door while the bench covers continued their mockery.

image

The fern reported every door barred on the second floor, while the electrified fence prevented a leap to the possibility of freedom below.

Many more pictures await you, so have at it!  Meanwhile, watch the seller try to explain the asking price with that ZEstimate of $2.4 million.  Then it’s a Tour de Twoce.

Comments (7) -- Posted by: madhaus @ 5:02 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.

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

October 13, 2011

Modern architecture of approx 20 years old

Today’s featured property was sent in by Burbed reader Swan.  Thanks very much for this big, big, big listing with the small, small, small number of photos.

 

16450 AZTEC RIDGE Dr, Los Gatos, CA 95030
$19,995,000

image

BEDS: 6
BATHS: 8
SQ. FT.: 11,257
$/SQ. FT.: $1,776
LOT SIZE: 50 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: Tri-Level
VIEW: Bay, Mountains, Neighborhood, Valley, City Lights
YEAR BUILT: 1991
COMMUNITY: Los Gatos/Monte Sereno
COUNTY: Santa Clara
MLS#: 81137011
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 45 days

Spectacular one of a kind property situated on approx 50 acres in one of the most unique settings in the World! Birds-eye views encompassing the entire Silicon Valley from downtown San Jose all the way to San Francisco. Modern architecture of approx 20 years old with amazing ceiling heights and open floor plan with sep guest house of over 2000 sq ft. Private and gated at end of quiet cul-de-sac.

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

Here’s a $20 million property with only one picture.  Today’s blog made me think of this house.  A contrast between $200K in Gilroy with nine of the exact same pictures and a $20 million property with only one picture.

imageA contrast all right, and don’t forget this place in San Francisco with 23 pictures at about 1/70th the price.

Clearly this listing is an intelligence test.  Most average tech workers could find an address on the MLS, or at least on a site like Redfin or Trulia.  But can you find this house’s Special Secret Private Website?  Hint: there are no hints on MLS.

Click on through to have a look at the pictures the agent doesn’t feel you deserve to see, but first, see if you can find the website yourself.

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Comments (19) -- Posted by: madhaus @ 5:09 am