January 8, 2013

Endless potential in Palo Alto

Time once again to visit one of our favorite places in the entire Real Bay Area!  And it’s been a while because the properties go pending faster than we can click through the listing photos.  We’ve been telling you that many RBA neighborhoods are hot, hot, HOT.  Now we’ve got even more proof that The Bubbly is Back.  Check out this Palo Alto palazzo from Burbed reader Michael Boltonestater!

411 PEPPER Ave
Palo Alto, CA 94306
$868,000

130107-pepper-redfin3 Beds 
1 Baths 
987 Sq. Ft.
$879 / Sq. Ft.
Built: 1940 
Lot Size: 6,534 Sq. Ft. 
On Redfin: 5 days
Status: Active
Property Type: Detached Single Family
Stories:1
Community: Ventura
MLS#: 81300120
Style: Cottage/Bungalow
View: Neighborhood
County: Santa Clara

Walk to California Avenue and enjoy all it has to offer, from this charming 1940s cottage with endless potential. Light filled rooms, hardwood floors, remodeled bathroom. Expansive backyard. Quiet location. Outstanding Palo Alto Schools. No offers prior to 1/14/13.

130107-pepper-kitchenNot just a house in Palo Alto with endless potential (after all, every house in Palo Alto has endless potential, just by being in Palo Alto!), this is a 1940s cottage with endless potential.  Just look at that kitchen!  They sure don’t build them like they used to.

But did you catch the last line in the listing?  “No offers prior to 1/14/13.”  If that isn’t proof that it’s 2006 again, we don’t know what will convince you.  Once again, the realtards are so convinced that their listed houses sell themselves, they get to decide what day they sell themselves.

Now here’s what Michael thinks about this Would Sell Way Over Asking Right Now If Only The Agent Hadn’t Made Everyone Wait a Week property:

Nice neighbors too, if you like junkyards.

130107-pepper-satellite

These will be terrific neighbors… if you ever need to borrow a cup of brake fluid.

Comments (25) -- Posted by: madhaus @ 5:03 am






April 3, 2012

Palo Alto duplex home is 2 units $1950 each or maybe $1500

Real estate is a great investment that can pay you to live in your house.  That is, it pays you to live in your house if you rent some of it out.  Here’s an investment opportunity too good to miss from Burbed reader Petsmart Groomer.

3799 PARK Blvd
Palo Alto, CA 94306
$1,149,000

120401-park-redfin

BEDS: 3
BATHS: 3
SQ. FT.: 2,236
$/SQ. FT.: $514
LOT SIZE: 6,930 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 2
YEAR BUILT: 1979
COMMUNITY: Ventura
COUNTY: Santa Clara
MLS#: 81207935
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 30 days

Duplex home set up as a two separate units of 1,100sq feet each rents for $1,950. 1 level is a 2 bedrooms/2 baths and the other unit is a 1 bedroom/1 bath rents for $1,500 on a month to month. 1 car garage is rented for $100 a month. Home can be shown by appt only every TuesdayRight fence to be fixed before close of escrow.

imageThe market is hot, hot, HOT here at Ground Zero of the Google-Facebook Nexus.  I don’t understand why this one hasn’t been snatched up yet.

Any ideas why some dot.com entrepreneur hasn’t moved into one unit, rented out the other, did some internets magic in this amazing Garage, and raked in the Profit?

Is it because the listing copy has even Redfin too befuddled to compute a rent ratio?

If we just add up all the dollar amounts mentioned above, we get $1149000 / ($1950 + $1500 + $100) * 12 = 26.97.  That ratio would say “RENT!” anywhere but in Palo Alto.  Here, just getting the privilege to bid on a neglected rental property in a dynamic neighborhood right on the cusp of High Speed Rail is such an honor, the agent won’t show you the inside.  Even though today is Tuesday.

Comments (11) -- Posted by: madhaus @ 5:06 am

March 1, 2012

UPDATED: All of the structures are in deplorable condition

We appreciate listing copy that tells it like it is.  Don’t let frank talk like this scare you: this is an opportunity!  And you can’t beat the price. Thanks to Michael Boltonestater for this palace of possibilities in Palo Alto!

Update 3/7/2012: Added additional comments from Gallileo, who also sent this house in.

3370 PARK Blvd
Palo Alto, CA 94306
$508,888

120227-park-redfin

BEDS: 1
BATHS: 1
SQ. FT.: 928
$/SQ. FT.: $548
LOT SIZE: 5,684 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Cottage/Bungalow
STORIES: 1
YEAR BUILT: 1928
COMMUNITY: Ventura
COUNTY: Santa Clara
MLS#: 81203012
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 33 days

Perfect for the client looking for an opportunity to get into the Palo Alto market at the low end – to use their own talents to develop. This property has been abandoned for years and all of the structures are in deplorable condition. Located in a very convenient neighborhood of nice homes.

Whoa, that is one friendly looking house.  I bet all the neighborhood kids play here, or at least dare each other to step on the lawn.  Here’s what Gallileo had to say about the place:

A house in Palo Alto for Not a Lot of Money

120307-park-streetviewPalo Alto finally goes affordable! Yes, you too can buy a house for not a lot of money. You only need 100K down and your Facebook salary will cover that without even waiting for the IPO.

Sure, the house has been abandoned for years and all the structures are in deplorable condition, but with a little draino and a couple of light-bulbs (total cost: $47.98), you’ll be right back enjoying that 7% annual appreciation that everyone in this most real of the real bay area gets. 94306 never left the RBA! Its even close to public transportation–very public transportation.

Oh come on, everyone loves trains!  Now let’s have a good look at that very convenient neighborhood.

120227-park-satellite

Convenient all right!  Walk to the Mercedes dealer… and Fry’s! Plus “bunus” PG&E substation across the street.

Comments (28) -- Posted by: madhaus @ 5:37 am

September 17, 2010

An amazing deal in the Real Bay Area–Palo Alto!

$1,499,000

image

Beds: 4
Baths: 3.5
Sq. Ft.: 2,347
$/Sq. Ft.: $639
Lot Size: 7,840 Sq. Ft.
Property Type: Detached Single Family
Style: Mediterranean
Stories: 2
View: Neighborhood
Year Built: 2005
Community: Ventura
County: Santa Clara
MLS#: 81040389
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 24 days
Exquisite 5 Year Old Home with beautiful finishes through out. Custom built with formal entry, formal dining room with crown molding, coffered ceiling and wainscoting. The family room kitchen opens to the patio and backyard. Large master bedroom with balcony, walk-in closet and luxurious master bathroom with jetted tub. Groud floor bedroom with full bath. Neighborhood with new and upcoming homes!

Thanks to Burbed reader Brendan for this find!

Wow! Palo Alto for just $639! What an amazing deal! But wait… it gets better!

image

That’s right! The house is right next door to Boston Market! Dinner’s served! No wonder this neighborhood is new and upcoming!

Here’s some notes from Brendan:

    1. The next door neighbor is the boston market parking lot. The lot goes way back behind the property, has garabage and graffiti everywhere. I assure you it’s really great at night time.
    2. Behind the house is a stagnant creek that routinely stinks
    3. Busy el camino real is right there
    4. I’ve personally witnessed guys hanging out in the park near the house during the day rapping at the top of their lungs. NO JOKE

Oh… so it’s lively and colorful as well!

Why move to San Francisco when you can live on the the King of Roads & Boston Market!

Comments (48) -- Posted by: burbed @ 5:43 am

May 26, 2010

Single Family House for Price of a Condo… in the RBA. Really.

And for your reading pleasure, a guest post from madhaus.

409 Fernando Ave  Palo Alto, CA 94306
$649,000

image

BEDS: 1
BATHS: 1
SQ. FT.: 645
$/SQ. FT.: $1,006
LOT SIZE: 3,000 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1958
COMMUNITY: Ventura
COUNTY: Santa Clara
MLS#: 81024711
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 2 days

Nice and cozy one bedroom/one bath single family home located on a quiet street across from the beautiful Boulware Park. Newly remodeled bathroom and new dual pane windows throughout. Close to shops, restaurants, Stanford University, hospital, and public transportations. Private backyard, no HOA. Single family home for the price of a condo.

Last week, this site reported the startling news that only one ZIP code remained in the RBA (Real Bay Area).  That ZIP was South Palo Alto, 94306.  So here is an affordable house in the only ZIP worth buying.  $649,000?  That is better than free.  That is like having the owners pay you to take it off their hands!  All you have to do is live in this house while you enjoy 11.7% annual gains every year you own your very own RBA house!  Best of all, you can feel superior to every other ZIP code in the entire Bay Area.

So what do you get for $649,000?  You get the healthiest looking property in the neighborhood.  Nothing obese about this svelte lot layout!

image

You get a house that is absolutely the most Special anywhere.  It’s not every home that has a higher number for dollars per square foot ($1006) than… um… actual square footage (645). 

Ah, home sweet home… if you can find it in this photo!  You won’t find many places with a carport that are daring enough to use a front door good enough for a garage entry!  Now, that’s bold!  So, just what are the dimensions of this house, anyway?  This reminds me of those townhouse blocks that are exactly as wide as a two-car garage… only… smaller.

image

And at first the lack of windows in front seemed disturbing, but that western exposure would just heat the place up too much.  And you’ll need to use every trick to keep cool in the summer, because this house doesn’t have air conditioning, either!

Next, let’s take a look inside!  Ah, this must be the kitchen!

image

Wow!  Look at the vintage stove, the Ikea-style cabinetry (long before there was an Ikea!),, the… that is a sink, isn’t it?

Well, on to the living/dining combo!

image

Can’t you just hear the agent gushing, “Light and bright, light and bright!!!”  I suppose if you slap a bunch of titanium-flake white on every surface and turn the lights on in the daytime, that is what you get.  Plus a fireplace!  Wonder how long that paint job will last if you try using it.

Moving on!  Let’s see the bedroom.  There’s only one, so it’s important that it’s a nice one.

image

Whoops!  Either that’s a very textured bedspread, or we seem to have walked right past it!  Let’s try again.

image

Hey, how did we end up across the street?  This is definitely not included in the 3000 sf lot.

But it’s only $649K, so stop your complaining.  If they left the bedroom out, there must be a very good reason.  For extra credit, explain how a one bedroom place can be called “single family home,” when a “family” includes at least one adult and one child.

Oh, I almost forgot!  Per the listing, there are no homeowners fees associated with this house!  That is better than a condo!  Now buy this house and you can start watering your own lawn!  And pay for the water!

Comments (26) -- Posted by: madhaus @ 5:03 am

May 11, 2010

Steakhouse, Boston Market or Safeway? – Part 2

Beds: 4
Baths: 3.5
Sq. Ft.: 2,347
$/Sq. Ft.: $639
Lot Size: 7,840 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Stories: 2
View: Neighborhood
Year Built: 2005
Community: Ventura
County: Santa Clara
MLS#: 80903496
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 464 days
ENJOY THIS ELEGANT, 4 YEAR OLD HOME WITH FORMAL ENTRY, LIVING, AND DINING ROOMS. ENTERTAIN YOUR FAMILY AND FRIENDS IN THE FAMILY ROOM KITCHEN THAT OPENS TO THE PATIO. LARGE MASTER BEDROOM WITH BALCONY, WALKING CLOSET, LUXURIOUS BATHROOM. GROUND FLOOR BEDROOM WITH FULL BATH. CLOSE TO STANFORD UNIVERSITY AND HOSPITAL, PALO ALTO MEDICAL CLINIC, RESTAURANTS, SHOPS, POST OFFICE, AND TRANSFORTATION.

Thanks to Burbed reader Nate for this find. Here’s part 2 of his post:

Sure, it’s a couple years older but it makes that up with it’s sheer opulence.  Make sure they include those curtains with the sale!  It’s already been marked down $300k from it’s original asking price from January 2009 – so act soon. 

And if you don’t want to dirty the kitchen by actually cooking in it, there’s a great everyday eatery just steps away – Boston Market!  Enjoy your rotisserie chicken or meatloaf under that beautiful chandelier – but be sure to play some classical music lest you be bothered by the sounds of El Camino traffic.

What’s that?  You want the benefits of having a commercial establishment as a neighbor but you also want to live in a cul de sac?  Tall order, my friend, but you’re in luck. [Stay tuned for the conclusion tomorrow!]

Comments (18) -- Posted by: burbed @ 5:50 am