February 24, 2012

It’s a grand old flag in Menlo Park

Today’s fantastic find has been brought to you by Burbed reader Pralay.  Remember, if you find a listing that makes you wonder how some real estate agents could call themselves professionals, send it in!  We’ll show it as much Real Bay Area love as we can.

269 OCONNOR St
Menlo Park, CA 94025
$1,470,000

120222-oconnor-redfin

BEDS: 5
BATHS: 5
SQ. FT.: 2,615
$/SQ. FT.: $562
LOT SIZE: 10,822 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 2008
COMMUNITY: Willows/O’Conner Area
COUNTY: San Mateo
MLS#: 81151036
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 61 days

150 ft long private tree lined drive way leads to this 3-yr new custom built nestled in matured trees. 1 story home w/ 5br, 5baths. 1/4 acre lot, Min. 9’ceilings, 8’doors. Gourmet Kitchen, Crown Molding, hdwd flr, A/Cm intercom, central vacuum, alarm, custom steel entry door, Sub zero refrig, body sprays. .. & more. ..

120222-oconnor-propertylinesHere’s what Pralay had to say about this Menlo Park pick:

There are some interesting properties in this area. Essentially it is a house in someone else’s backyard. I am not sure how the lot size be 10,822 sqft. It that *was* the lot size was divided into two? "Custom built", "Gourmet Kitchen", "Crown Molding", "Custom steel entry door" and most importantly "Sub zero refrig". Built in 2008. Too bad, the owner is not able to enjoy for little bit longer time, as he has to sell it to cash in "Facebook effect".

Wow, a 150 foot driveway!  That means you get to drive past the house in the front yard.  But the best way to check on how true the quarter acre lot claim is?  Zillow.

image

120222-oconnor-drivewayZillow makes it easy to click on every house in a neighborhood and quickly see the important numbers, including house and lot size.  And that claimed property area looks reasonable, given what the surrounding measurements show.  We’ve seen homes piled three deep on one lot while the agent claims every square foot of the original grounds. Alas, that didn’t happen here.

But all is not lost with this listing, despite the 10,000 foot lot size being completely legit.  By going to the Zillow map, we also notice the lovely mansions right over the back fence, complete with Palo Alto address, Eastern division. 

So you can assure your colleagues that you have arrived, because you’re in a neighborhood of much more expensive 32 bedroom homes.

Comments (14) -- 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

December 21, 2009

Burlingame house lets you touch the sky

2805 ARGUELLO Dr, Burlingame, CA 94010 | MLS# 80938820
$1,268,000
2805 ARGUELLO Dr Burlingame, CA 94010

2805
Beds: 3
Baths: 2
Sq. Ft.: 2,020
$/Sq. Ft.: $628
Lot Size: 9,075 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
View: Bay
Year Built: 1958
Community: Mills Estates
County: San Mateo
MLS#: 80938820
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 129 days
LOOKING FOR A “TOUCH THE SKY” VIEW?, THEN THIS IS THE PROPERTY! SEPARATE FAMILY ROOM, RECENTLY NEW INTERIOR PAINT AND REFINISHED HARDWOOD FLOORING. ONE LEVEL. A LARGE DECK IN THE BACK TAKES ADVANTAGE OF THE SPECTACULAR BAY VIEWS. THE PROPERTY IS CLOSE TO FREEWAY ACCESS AND MINUTES FROM SHOPPING AND OTHER AMENITIES.

Thanks to Burbed reader Pralay for this find.

Wow… this house will give you a view that will enable you to touch the sky.

You know what buying this house will really let you touch? Instant equity. That’s right!

2805a

Now, a novice would look at this and say “Hey, that’s $81,000 in instant equity.” A real estate professional, however, would know that there’s actually….

Yep. $345,905 in instant equity. Why? Because at a minimum, this house should have gone up 5% a year. Next year, this will be worth $1.597M.

So why is it selling for so little right now? December slow down, that’s all.

But come spring bounce? BOOYAH.

Comments (3) -- Posted by: burbed @ 5:05 am

September 18, 2009

A house fit for an executive in Palo Alto

1781 ARASTRADERO, Palo Alto, CA 94304 | MLS# 80930540
1781 ARASTRADERO Palo Alto, CA 94304
Price: $23,950,000

1781
Beds: 6
Baths: 4
Sq. Ft.: 12,000
$/Sq. Ft.: $1,996
Lot Size: 12.96 Acres
Property Type: Detached Single Family
Style: Mediterranean
Stories: 2
View: Bay, Green Belt, Mountains, Lake, Valley, City Lights
Year Built: 2001
Community: Palo Alto Hills
County: Santa Clara
MLS#: 80930540
Source: MLSListings
Status: Active
On Redfin: 75 days
Welcome to this exceptional private gated estate of approximately 12,000 square feet with breathtaking Bay, lake and hill views from nearly every room of this residence. Situated on approximately 13 acres, this property is unmatched in the attention to everydetail. 7 bedrooms, 9.5 bathrooms, family room, living room, office, library, lounge, game room, theater, and infinity pool.

Thanks to Burbed reader Pralay for this fine Friday find.

Wow. Just wow.

Personally I love houses… no… estates like this. These are the kind of listings that really help the Real Bay Area stand out. It’s a shining beacon to people everywhere – sending a message of prosperity, hope, and fortune.

You could be the next engineer that creates a startup that gives you this house. All you have to do is move here.

Kudos to the listing agent for this clever shot. It really is eye catching, and it definitely stood out in my mind.

How long is it before you move into this house, you crazy, successful, entrepreneur you?

Comments (36) -- Posted by: burbed @ 5:33 am

June 18, 2009

$1.8 mil for a 1br/1ba in tear down condition

1382 FOREST Ave, Palo Alto, CA 94301 | MLS# 80924296
1382 FOREST Ave Palo Alto, CA 94301

Price: $1,795,000

Beds: 1
Baths: 1
Sq. Ft.: 2,071

1382

$/Sq. Ft.: $867
Lot Size: 8,292 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1941
Community: Crescent Park
County: Santa Clara
MLS#: 80924296
Source: MLSListings
Status: Active
On Redfin: 27 days
DRIVE-BY ONLY. SOLD FOR LAND VALUE ONLY – HOME IS UNINHABITABLE HOME SOLD AS-IS. BUILD YOUR DREAM HOME IN PREMIER CRESCENT PARK NEIGHBORHOOD. LARGE 8,292 /- SF LOT(PER CITY OF PALO ALTO). ADJACENT ELEGANT HOME AT 1398 FOREST AVENUE MLS #80924286 ALSO FOR SALE $3,795,000.PRIME CRESCENT PARK LOCATION JUST MINUTES TO DOWNTOWN PALO ALTO SHOPPING & DINING, PARKS, TOP PALO ALTO SCHOOLS & STANFORD UNIVERISTY

Thanks to Burbed reader Pralay for this find.

Talking perking things up. Wow. $867 for a 1br/1ba in Palo Alto. In tear down condition.

What I’m a bit curious about is why this listing also lists the neighboring home. Is the point of this that you can buy the next door house as well, tear it down, and pull a Steve Jobs by combining lots and building an apricot orchard?

Or is it that if you buy enough properties on this street, you can then build houses, then hotels… oh wait, that’s monopoly.

Regardless, thanks to Pralay for this find. It’s always comforting to know that Palo Alto continues to be the vanguard of the Real Bay Area.

Comments (202) -- Posted by: burbed @ 5:53 am

November 25, 2008

When granite attacks – in Belmont

1222 NORTH Rd Belmont, CA 94002
Price: $594,900


Beds:     2
Baths:     1
Sq. Ft.:     980
$/Sq. Ft.:     $607
Lot Size:     5,400 Sq. Ft.
Property Type:    Detached Single Family
Style:    Ranch
Year Built:    1961
Stories:    1
View:    Bay, Neighborhood, City Lights
Neighborhood:    Belmont Country Club
County:     San Mateo
MLS#:     80836670
Source:     MLSListings
Status:     Active
On Redfin:     48 days
REO Property with absolutely fantastic views! This is a perfect home for 1st time home buyers with 2 bedrooms 2 bath and 1 master bedroom suite. Hardwood floors, needs minor updating inside, but certainly liveable. Must come to see the potential and opportunity. Easy to show. Please use CAR Purchase agreement.

Thanks to Burbed reader Pralay for this find.

Have you ever seen one of those horror movies, where someone touches a substance, and suddenly it engulfs the person – covering them in the substance? (I didn’t see Spiderman 3 – is that what happened to him?)

That’s what this house reminds me of. “Oh yeah, I just wanted a little granite here and there, when suddenly it GRANITED ME!”

Or maybe this person was looking to thwart the terrorists with this confusing pattern. I have a headache just looking at it!

To those who are more Realtory-ish – what’s the significance of that last sentence?

Comments (85) -- Posted by: burbed @ 5:56 am

October 3, 2008

A photo of Gables End in Mountain View

Thanks to Pralay for taking this photo ago.

As readers of this blog know, Gable’s End is featured frequently because it’s constantly selling out. Over and over again. It seems like they’re always selling out and close to running out of homes. How curious!

Anyone know what the latest scoop is with Gable’s End? Does anyone want to drop by this weekend and give Burbed a report? Are they sold out again?

Comments (60) -- Posted by: burbed @ 5:16 am

June 1, 2008

Still not #1 in Most Unaffordable

NAHB: Indianapolis Maintains Title of Nation’s Most Affordable Housing Market
Other major metros at the bottom of the housing affordability chart included New York-White Plains-Wayne, N.Y.-N.J.; San Francisco-San Mateo-Redwood City, Calif.; Miami-Miami Beach- Kendall, Fla.; and Santa Ana-Anaheim-Irvine, Calif., in that order.

Among metro areas smaller than 500,000 people, the five markets at the bottom of the affordability chart were all located in California, starting with Salinas as the least affordable and followed by San Luis Obispo-Paso Robles, Napa, Santa Barbara-Santa Maria-Goleta and Santa Cruz-Watsonville, respectively.

<sigh>

New York continues to beat us. How depressing. Come on guys, can’t we rally and finally push our way to #1? Surely we can beat New York in terms of being unaffordable!

ACTION ITEM: Please ask all your European and Asian friends/family members to buy real estate here ASAP.

Together, we can win!

(Thanks to Burbed reader Pralay for this find…)

Comments (17) -- Posted by: burbed @ 4:51 am