February 8, 2014

Fixer Upper in Palo Alto – Just $1.85 million!

Oh, frabjous day! Well, what are you waiting for?

140207-oberlin-redfin2114 OBERLIN St
Palo Alto, CA 94306
$1,895,000

2 Beds
2 Baths
896 Sq. Ft.
$2,115 / Sq. Ft.
Built: 1932
Lot Size: 6,250 Sq. Ft.
On Redfin: 12 days
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cottage/Bungalow
Community: College
MLS#: 81402493

RARE OPPORTUNITY IN COLLEGE TERRACE! 2 COTTAGES IN ORIGINAL CONDITION ON THE PROPERTY (BUILT IN 1932). Each Cottage has one bedroom and one bathroom. LOT SIZE 6,250 sq ft per City of Palo Alto Parcel Map and RealQuest(Lot Width/Depth: 50 X 125). Two one-car garages.

140207-oberlin-drivewayTwo one-car garages! Now THAT is a rare opportunity.

What’s even rarer is a peek inside either cottage.  No such luck.  The agent figures both of those puppies have a big date with the bulldozer.  It’s enough to make you lament for the poor average millionaires who will have to share the block with another billionaire running roughshod all over them.

Comments (26) -- Posted by: madhaus @ 7:02 am






January 14, 2014

Rare Find in Palo Alto!

Every area in life has The Three Words.  In relationships, it’s “I love you,” in business, “It’s a deal,” in math, “Quod erat demonstratum,” and in Latin, “Igpay Atlinlay Erehay.”  We’re sure you can also name The Three Words of Real Estate.

202 EMERSON St140113-pa-location-redfin.jpg
Palo Alto, CA 94301
$1,000,000

2 Beds
2 Baths
1,154 Sq. Ft.
$867 / Sq. Ft.
Built: 1910
Lot Size: 2,775 Sq. Ft.
On Redfin: 36 days
Status: Active
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cabin
Community: Downtown
MLS#: 81342791

Location, Location, Location! Charming home downtown Palo Alto near Stanford University. This is a rare find in this area. Home is in need of some repairs and it is being sold "AS-IS" Perfect for an Investor looking to remodel or a builder . Seller has also listed adjacent home at 170 Hawthorne.

Yes, The Three Words of Real Estate are “Sold AS-IS.”  Unless it’s “Palo Alto million.”  Perfect for investor.

Comments (22) -- Posted by: madhaus @ 7:08 am

September 12, 2013

Palo Alto Plat Panoply

It’s time to visit Palo Alto again, and see just how much house you can get there for your dollar, or in this case, your million and a half dollars.  Today’s find is courtesy of Burbed reader Wendie, thanks a ton! Or a million and a half tons.  And that’s before the overbidding!

130911-middlefield-redfin3475 MIDDLEFIELD Rd
Palo Alto, CA 94306
$1,495,000

1 Beds
1 Baths
607 Sq. Ft.
$2,463 / Sq. Ft.
Built: —
Lot Size: 0.32 Acres
On Redfin: 12 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: South Palo Alto
MLS#: 81332199
Style: Traditional
View: Neighborhood
County: Santa Clara

Small cottage on extra large lot in the heart of Palo Alto. Wonderful and rare opportunity to build your dream! Additional opportunities include incorporating this beautiful lot into the adjoining property to create a unique family compound. Neighboring property consists of 19,768 ft. ² lot with 3,44 ft. ², 10 year new home (see MLS 81332198).

130911-middlefield-kitchenSteve Jobs bought the house next door to his, knocked it down and turned the property into an orchard. Larry Page thought buying up as many properties on his block was an even better idea. Do you see where we’re going with this?  This property, along with the house for sale next door, will allow you to be a high-profile land baron in Palo Alto.

Okay, South Palo Alto.  And both places list, collectively, for $4.5 million, which is an absolute bargain.

After all, if you’re going to build your dream, it’s going to cost you. And as Wendie notes, you’re paying $1.5 million for the servants’ quarters.

Comments (6) -- Posted by: madhaus @ 7:01 am

August 27, 2013

Thirteen Forty Seven: Diamond in the rough part of Old Palo Alto

Yesterday’s house didn’t seem to do it for our readers, or at least the readers who enjoy commenting about properties featured on our site. So today we’re going back to a tried but true perennial: the Palo Alto crapbox, with bunus WTF pricing.  And no, we don’t mean that the way you think we do.

Thanks very much to Burbed reader Michael Boltonestater for sending in today’s house. Oh yeah, one more thing.  PENDING!

130826-alma-movoto1347 Alma St
Palo Alto, CA 94301
$625,000

Loan Payment: $2,423/mo
Bedrooms: 2
Bathrooms: 1
Size: 848 sqft
$/sqft: $737/sqft
Type: Single Family House
Year Built: 1925
Lot Size: 1,100
Days on Movoto: 8 days
Neighborhood: Old Palo Alto
MLS#: 81329852
Status: Pending – Do Not Show

Diamond in the rough! Contractor special for a property that needs cosmetic and some possible structural intervention. Price reflects condition. Many possibilities! Don’t miss this great opportunity!

130826-alma-framingDid you say possible structural intervention? Say no more! Nothing like a real challenge to whet the appetite on a Tuesday morning, because the usual shortcomings of a busy street and Elon Musk’s Hyperloop right across from it aren’t sufficient. And if you think that would scare anyone away, think again! How many other properties on 1100 square foot lots went pending in 8 days?

We were sure than lot size was a typo until we took a look at the aerial view.

130826-alma-satellite

This is a one-story house, 848 square feet. Looks like a similarly-sized house shares the lot. 1100 could well be correct. But, seriously, is any price too high for your own quarter of a tenth of an acre in Palo Alto?

Comments (7) -- Posted by: madhaus @ 7:09 am

August 23, 2013

Serenity is just the beginning in Palo Alto

It’s Friday! That means another weekend coming up, so let’s end this block of Housing Win with something really, truly excellent. We think Burbed reader Wendie has found it. Read on and see if there’s gold in them thar flats.

130822-ramona-redfin3243 RAMONA St
Palo Alto, CA 94306
$1,679,000

3 Beds
2 Baths
1,720 Sq. Ft.
$976 / Sq. Ft.
Built: 1951
Lot Size: 6,250 Sq. Ft.
On Redfin: 14 days
Status: Active
Property Type: Detached Single Family
Stories: 2
Community: Midtown
MLS#: 81328972
Style: Mediterranean
View: Neighborhood
County: Santa Clara

Nestled on a spacious lot, this 3 bedroom 2 bath custom home filled with tons of natural light and serenity is just the beginning. In the heart of Midtown and close to all conveniences, transportation and nationally ranked schools, this home is perfect for your family now and into the future.

130822-ramona-familyWendie had something to say about the photo above,

The realtor should be ashamed of himself.  Even the first photo is full of junk on the driveway! I don’t really understand why someone trying to sell a 2M would not even THINK to get a housecleaner to remove the junk in and out of the home before he started taking photos!!!

130822-ramona-kitchenJunk on the driveway? Looks like valuable prizes to us! What could be under those tarps? Buy this house (for a little bit less than $2M) and find out!

And at least they picked up the junk off the kitchen floor. (At least from this angle.)

Let us know what treasures you can find in this listing!

Comments (6) -- Posted by: madhaus @ 7:04 am

August 17, 2013

Palo Alto still clinging to its one and only trailer park

The owner of the Buena Vista Mobile Home Park wants out of the business, the units are vintage architectural treasures, and the residents love the value they get in the high-priced city. In this installment of As The Park Blights, the City hits the property owner with yet another stalling tactic. 

Thanks very much to Burbed reader Petsmart Groomer for sending this important update to our attention.

Application to close Palo Alto mobile home park deemed incomplete — again

By Jason Green, Daily News Staff Writer
POSTED:   08/10/2013 01:52:55 PM PDT | UPDATED:   7 DAYS AGO

PALO ALTO — For a second time, an application to close the city’s sole mobile home park was rejected as incomplete this week.

Toufic Jisser, the owner of Buena Vista Mobile Home Park, is required by Palo Alto’s municipal code to follow a specific process to shutter the decades-old facility. It includes completing a "resident impact report" that spells out how displaced residents would be compensated.

That report is still missing critical information, according to a letter Grant Kolling, senior assistant city attorney, sent to Jisser’s attorney, Margaret Nanda, on Thursday. Nanda, for her part, has said the report meets all legal and technical requirements, as well as the spirit of the municipal code.

While the owner jumps through more hoops to get the park ready for the bulldozers, you’re probably out touring as many Open Houses as you can. Let us know if you find anything affordable this weekend, especially if it’s in a community like this one. 

This is your weekend Open Thread!

Comments (4) -- Posted by: madhaus @ 7:11 am

August 7, 2013

Palo Alto: The original home of Bay Area Bubble 4.0

We’ve been neglecting The Best City in The Most Special Place On The Planet! That’s right, we haven’t mentioned Mountain View in days! So while you’re waiting for more marvelous Mountain View, here’s a Palo Alto Property with Pride of Ownership instead. Thanks very much to Burbed reader Wendie for sending in this palace!

130806-homer-mlslistings424 HOMER AV
Palo Alto, CA 94301
$2,875,000 – Active

Type: Single Family Home
MLS #: ML81327461
SqFt: 2,200
130806-homer-frontBeds: 5
Lot Size: 3,920 SqFt
Baths: 3 Full
Year / Age: 1937 / 76

beautiful home near downtown. Current use is duplex a) 3 bed/ 2 bath & b) 2 bed/ 1 bath. Possibly convert to 5 bed/ 3 bath single family home. Approx 2200 sq ft total. Plus bonus basement area includes laundry room/ bonus rooms / extra storage. Hardwood floors. skylight. Family kitchen opens to private back yard with deck. Near downtown. Great location. Great home. Wonderful opportunities.

130806-homer-livingSorry for putting in the same picture twice, but that MLSListings layout doesn’t lend itself well to showcasing the first picture. And for $2.9 million, you need a good look at this estate. But let’s check in with Wendie, who has a few things to share.

Crazy pricing in Palo Alto.

2.8 million!

For 2.8 million, is the house:

130806-homer-kitchen1) Big?…no
2) On a big piece of land?….not even. One of the smallest plots of land you can find!
3) On a quiet street? Nope
4) Turn-key for a single family?  You wish! Expect construction costs in your future!
5) Situated on a lot with a private backyard?  
Aw shucks, no, you have  an apartment building overlooking your teeny tiny yard!
6) New, stainless steel appliances? Not really.
7) Updated bathrooms? No way, Jose!
8) Great curb appeal?  Negativo!

130806-homer-bedroomBut, this could all be yours for a crazy $2.8 million smackaroos! $1,272 per square feet! 

Wendie, great rant, but you seem to have missed the point. This house is in Palo Alto! All those things you’re complaining about simply don’t matter, because… this house is in Palo Alto!  These are not problems, these are opportunities! F’rinstance, the seller is realizing an opportunity in putting the house up for sale for the batshit insane asking price of $2.875 million.

Here’s the link to Redfin, should you prefer their take on the house. Love the natural corrugated décor above.

Comments (20) -- Posted by: madhaus @ 5:07 am

July 18, 2013

Mawbul Kawlumz + Palo Alto + Short Sale + ??? = PROFIT!

Here’s a Palo Alto property that will be selling shortly. At least it would be if the agent hadn’t used such teeny tiny little listing photos.  Our thanks to Burbed reader Petsmart Groomer for alerting us to this winner. And you know by winner we actually mean something that rhymes with “snoozer.”

130718-laurel-redfin996 LAUREL GLEN Dr
Palo Alto, CA 94304
$5,500,000

8 Beds
8 Baths
7,456 Sq. Ft.
$738 / Sq. Ft.
Built: 2007
Lot Size: 0.96 Acres
On Redfin: 913 days
Status: Active
Property Type: Detached Single Family
Stories: 2
Community: Palo Alto Hills
MLS#: 81102245
Style: French
View: Bay
County: Santa Clara

130718-laurel-kawlumsNewly constructed (2007), Neo-Classical estate next to the prestigious Palo Alto Hills golf course. Great for entertainment, featuring 8 bdrms and 8.5 bthrms, gourmet kitchen with custom wood cabinets and an island. Full basement with a media room, gym, wine cellar, library and nanny quarters. Majestic pool, with a hot tub and cabana.

 

130718-laurel-another-kawlumHere’s PG with an actual comment, for once:

I can’t believe this wasn’t featured already. Or did it become a short sale recently?

Recently? Sure, if “newly constructed” can mean a six year old house, why the heck not?  At least there are mawbul kawlumz on the inside too.  (Sorry no red arrows, the pictures are so small we’re worried they’d break.)

Also check out the listing history!

130718-laurel-listing-history

Price cuts, price increases, pending, relisted, this place has it all!  Even a bargain basement $720 back in 2011 during the slowdown!  All we can say for sure is based on this comment, whoever owns it was dealing with three other foreclosures a couple of years ago – ALL of them in Palo Alto.

Comments (10) -- Posted by: madhaus @ 7:02 am

June 23, 2013

Landlords from Hell settle for jail instead

Here’s a cheery story for you if you don’t like your landlord, as it will set things into a much better perspective.  Thanks very much to Burbed reader nomadic for alerting us to this development.

‘Landlords from hell’ accept prison terms for terrorizing tenants

130619-macys-mugshotsBy Lee Romney, Los Angeles Times, June 19, 2013, 2:45 p.m.

SAN FRANCISCO — A software engineer and his real estate agent wife who terrorized their tenants in a twisted attempt to force them to move are back after fleeing to Italy, and each has accepted a four-year prison sentence and two strikes rather than face trial, Dist. Atty. George Gascon announced Wednesday.

Nicknamed the "landlords from hell," Kip and Nicole Macy employed tactics "so outlandish and brazen" in attempting to clear their building of renters that "it sounds like the plot of a horror movie," Gascon said.

They each pleaded guilty to two felony counts of residential burglary, one felony count of stalking and one felony count of attempted grand theft. In custody on $2-million bail apiece, they are scheduled to be sentenced Aug. 22.

Kip Macy’s attorney, Lisa DewBerry, said the couple could have faced a maximum of 16 years in prison if tried on all charges.

130619-macys-sawBe sure to read the whole article, cataloging not only what the Macys were accused of doing to their tenants and their apartments, but also the part where they paid bail and fled the country for Milan and spent a year fighting extradition.

Don’t forget the power saw that popped up into one of the tenant’s floor without warning (the photo at left shows what happened when he whacked the blade with a nearby hammer).  There’s even accusations of email spoofing.  And here’s an older piece from Palo Alto Online when they were first hit with the charges; what’s interesting are the comments defending the Macys from the evil San Francisco tenants. Why, some of them read as if they were written from the perps themselves!  Why Palo Alto Online for a San Francisco story?  This caring couple lived in Palo Alto when they were accused of all these shenanigans. Kip was a software engineer and Nicole was… a realtard.

130619-macys-clementinaHere’s the building where all the fun took place. Don’t you want to go out and buy an apartment building in SF right now?

This is also your weekend open thread! How’s the renter life treating you? Is it awful enough to make you want to look at a bunch of Open Houses and overbid up the wazoo?  How about chatting up the other people at the Open House so you can spoof email saying they don’t want the property you’re trying to score? Hey, in a competitive market Insane Real Estate Bubble, the only way to win is to prevent everyone else from playing.

Comments (15) -- Posted by: madhaus @ 5:03 am

May 1, 2013

Does a non-RBA street name cancel out the city?

We are done with the April blogging challenge, so let’s get back to what made Burbed what it is: ridiculously overpriced crapboxes! And what better place to find it than in our very favorite city, Palo Alto?  Thanks much to Burbed reader Pizzawillcome for this, um, thing you could seek shelter in if you absolutely had to.

130430-stockton-redfin3375 STOCKTON Pl
Palo Alto, CA 94303
$1,299,900

4 Beds
2 Baths
1,716 Sq. Ft.
$758 / Sq. Ft.
Built: 1958
Lot Size: 6,400 Sq. Ft.
On Redfin: 52 days
Property Type: Detached Single Family
Community: South Palo Alto
MLS#: 81307408

Classic Eichler home with central atrium. Nice backyard. Large utility room can also function as a den, office, or playroom.

Here’s why Pizza sent in this house:

I didn’t pull the trigger on this one, and now it is back! Same pictures as a month ago. Gotta burb-alert it now.
Unfolded laundry on the couch and floor, littered stuffed animals and toys. When I get bored with overly staged houses, I think of this one.

Fortunately, the Redfin agent has some useful comments to share as well!

130430-stockton-redfin-agent

Original condition! That’s excellent news! None of those second-rate replacements of vintage pressboard walls.  But these photos just sell the house, don’t they?

130430-stockton-kitchen130430-stockton-dining130430-stockton-tables130430-stockton-tv

And note how the use of light draws your attention in to all the details.

130430-stockton-bedroom130430-stockton-bedroom2130430-stockton-living130430-stockton-yard

That is, if you can see them. This technique seems to work just as well in the outdoor shot of the yard, demonstrating just what kind of a professional we’re dealing with.

So, if a house is for sale in the Real Bay Area, but it’s on a street named for somewhere that is Most Certainly Not In The Real Bay Area, how high will the overbids be?

Comments (18) -- Posted by: madhaus @ 5:01 am