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 7, 2011

800 sf slate deck becomes extension of the home, because no remodeling allowed

corntrolio over at patrick.net (who has also been an occasional Burbed reader) found this house and complained about it.  We did a smash and grab so you could point and gasp.  At the house, I mean.  Thanks for the great observations, corntrolio!  Note that they were made back when the house still listed for $1.095M.

Are there any Real Estate forums you regularly check for great discussion on local properties?  Let us know so we can steal share them with you.


 

610 WOODSIDE Way, Woodside, CA 94062
$999,000

image

BEDS: 1
BATHS: 1
SQ. FT.: 1,670
$/SQ. FT.: $656
LOT SIZE: 7,440 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Traditional
STORIES: 2
VIEW: Mountains, Neighborhood
YEAR BUILT: 2004
COMMUNITY: Emerald Hills Area
COUNTY: San Mateo
MLS#: 81126046
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 75 days

Open flr plan, Massive loft w/ vaulted ceiling. (multitple uses) gourmet kitchen. Bath/2 sinks, vanity area, tub with jets & separate toilet area. 800 sq ft slate deck becomes extension of the home. Crowned molding, recessed lighting, old world plastered walls, french drain, new septic/leach fields, storage throughout. Flat grassy yard/garden w/ fountain. Woodside Schools. OH 10/02.(SUN)1:30-4:30

imageThe ridiculous place I saw recently was this one.

This is a 1BR house with a loft built 2000-2004. You may ask yourself, why would someone do that in this day and age? The reason is because this property is on a septic system, and a restrictive covenant placed on the house in 2001 does not permit more than 1BR.

I also didn’t believe it was 1600+ sqft. I’ve lived in 1200-1300 sqft houses with 3BR that felt bigger. It’s also not really in Woodside proper, but rather Emerald Hills which has the Woodside zipcode/post office and not necessarily Woodside schools. Because this place is north of Jefferson, it may have Woodside schools. Nonetheless, this place is considered part of the Town of Woodside and is subject to its code and planning.

imageIt has a bizarre history too — foreclosed in 2005 at $865,209, and then purchased for $925K in 2006. The current owners tried to add a second bathroom in the loft space but got smacked down by the Town of Woodside for doing so illegally without a permit and against the covenant which requires only 1 BR. The prior owner tried hard to build that second bathroom in the loft space, but got smacked down numerous times by the town (including after demolishing the prior 1BR house and applying for a "remodel").

All this for a mere $1.095M.


And in reply to another comment:

corntrollio, i don’t get it, foreclosed in 2005?? Didn’t he got it for like 355k in 2000?

imageThey tore it down completely (without getting a demo permit) and then rebuilt it. There may have been a big construction loan that was converted to a mortgage, or something else that resulted in the foreclosure (e.g. building the new house then cash-out). These guys tried for several years to back-door a 2nd bedroom into this house, and then the subsequent owner did too. We’re 10 years down the line now.


Comments (14) -- Posted by: madhaus @ 5:07 am

July 26, 2011

* TOO MANY FEATURES TO MENTION * * *

Today’s featured home shows that even at the very top of the housing pile, you can still find an agent cutting corners.  Or in this case, bulldozing them.  This entry is not only courtesy of Burbed reader Swan, it was written by Swan as well.  Yes, that means we have a new Guest Blogger for you to enjoy.

So let’s take a trip through the wilds of Woodside, and find out if it’s still the Real Bay Area.  And please give a warm, RBA welcome to Swan!



925 MOUNTAIN HOME Rd, Woodside, CA 94062
$13,900,000

image

BEDS: 8
BATHS: 10.5
SQ. FT.: 18,260
$/SQ. FT.: $761
LOT SIZE: 8.7 Acres
PROPERTY TYPE: Detached Single Family
STYLE: French
STORIES: 2
YEAR BUILT: 1991
COMMUNITY: Central Woodside
COUNTY: San Mateo
MLS#: 81128695
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 26 days

THIS STUNNING ESTATE FEATURES +/-8.7 ACRES IN ONE OF THE MOST PRESTIGIOUS AREAS IN WOODSIDE * MAIN ESTATE FEATURES +/-18,000 SQ FT * FLAT, SUNNY, LEVEL SITE * CIRCULAR DRIVEWY * HORSES PRMITTED (VERIFY W/ WOODSIDE) ON PROPERTY * GREAT WOODSIDE VALUE WITH POOL HOUSE AND TENNIS COURT * TOO MANY FEATURES TO MENTION * * *

 

I think the comment of “TOO MANY FEATURES TO MENTION,” is code for “I’m too lazy.”  For example,

  1. I’m too lazy to turn off the CAPS LOCK.
  2. I’m too lazy to put the E in PRMITTED and the A in DRIVEWY.
  3. I’m too lazy to turn the flash on when I take pictures of the living room.
  4. I’m too lazy to make the swimming pool look inviting.
  5. I’m too lazy to change the date on my camera.  As a result, some of the pictures are dated December 20, 2003.  Maybe that’s why the pictures are so dark.  2003 is back in the dark ages before smartphones, the iPad, and Burbed (sorry, don’t know the birthdate of Burbed).  (February 4, 2006, with this Redwood City beauty. –ed.)
  6. I’m too lazy to ask someone, preferably the maid or butler, to clean up the island and countertop in the kitchen.  By the way, what is the red mystery object on the lone chair at the island?  At first, I thought it was a tomato.  On further inspection, I think it’s a Kong toy for dogs.

imageimageimageimage

A simple search on Google yielded some better representations of this property.

  1. http://www.commorancyproperties.com/925mountain_home.htm.  Note the clean kitchen and bright living room.  How about the woodwork around that fireplace?  And, wait a minute!  It’s got an indoor pool with retractable roof!  Who knew?
  2. http://www.kerinicholas.com/ has a virtual tour.  But, OOPS!!, if you go to the tour, the price is listed as $13,900.  What a steal!
Comments (18) -- Posted by: madhaus @ 5:03 am

May 9, 2011

OH MY GOD CAWLUHMS!

burbedguestbloggerPlease welcome sfbubblebuyer back to the front page with one of our favorite Burbed memes: Mawbul Kawlums!  The only real shame about today’s house is how incredibly tiny the pictures are, although there are more on the virtual tour.

Please give sfbb your best Real Bay Area Welcome as today’s Guest Blogger!



30 FOX HILL Rd, Woodside, CA 94062
$4,750,000

image

BEDS: 5
BATHS: 4.5
SQ. FT.: 5,300
$/SQ. FT.: $896
LOT SIZE: 6.47 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Colonial
STORIES: 3
VIEW: Bay
YEAR BUILT: 1988
COMMUNITY: Skywood Area
COUNTY: San Mateo
MLS#: 81117642
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 17 days

Absolutely gorgeous traditional style 5 bed/4.5 bath home with Bay and city views. This very charming custom home has been featured in many magazines. Warm fir floors, tall multi-paned windows, fine molding details and a wonderful floor plan are some of the many features of this exceptional home. The property is set on 6.47 acres and is minutes from Woodside town center.

Check it out! DOUBLE DECKER COLUMNS! Clearly this is a house of style and sophistication. Surely you can imagine having a ‘coming out’ party for your debutante daughter at this glorious estate! She could pull an ‘upper decker’ and wave to guests from the second story balcony flanked by not two, but FOUR glorious columns, with another four below her to hold her aloft on her princess pedestal!

imageThe listing agent also has taste and discretion by omitting pictures of the kitchen. Only the help see the kitchen. We’d rather not sully ourselves by crossing over a thresh-hold into an area where manual labor might be in progress! And note the profusion of windows to keep those lazy maids at work! Maybe you could hire one of the local urchins to smudge the windows for you to make sure the maids never have a moment to spare! Idle hands are the devil’s playthings and all that.

imageSpeaking of idle hands, you won’t have to worry about yours being idle as you laze around your pool ordering the butlers to march back and forth between the house and your chaise refreshing your lemonade and Southern Comfort. It really is amazing how hard you have to work to keep the household humming along. In fact, you better send the chauffeur out to pick up some more brandy. The Chesterwicks are coming over for a couple of rubbers of bridge tonight. It’s a pity you can’t get them interested in a PROPER card game like whist. Ah well, such is the life of the landed gentry in America.

Comments (8) -- Posted by: madhaus @ 5:05 am

April 8, 2011

A little bit (of England) on the (Wood)side!

burbedguestblogger

 

Burbed reader sfbubblebuyer returns to the front page with another terrific find, and best of all…  It’s not in Vallejo and no hookers were lathered in cooking oil in providing this contribution. 

So let’s give another nice, warm RBA welcome to sfbubblebuyer, today’s guest blogger!




If you’ve ever wanted to pretend to have an English accent and snub the commoner Americans, this is the house for you! It’s modeled after Hampton Court in Middlesex, England! Now that’s a sexy sounding shire!

125 NORTHGATE St, Woodside, CA 94062
$12,900,000

image

BEDS: 6
BATHS: 8
SQ. FT.: 16,900
$/SQ. FT.: $763
LOT SIZE: 2.87 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Tudor
STORIES: 3
VIEW: Bay
YEAR BUILT: 1934
COMMUNITY: Woodside Heights
COUNTY: San Mateo
MLS#: 81054806
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 141 days

The Buck Estate. Designed by noted architect Albert Farr, who modeled Buck after Hampton Court in Middlesex, England, a 16th century royal family residence. Brick & stucco cut stone, high Gothic arches, mullioned windows, slate roof, & bay views. Over 17,000 sq. ft. , ornate plaster details, beautiful rooms of original carved wood panelling. Truly rare & irreplaceable. Minutes from Atherton. 2.86 ac

imageYou want columns?  Tough!  WE HAVE BUTTRESSES!  Columns are for the help. 

Specifically, the help in the kitchen.  That’s right, this house is so awesome, it sends the columns to the kitchen to help hold up the cabinets.


You have to be an arch to get any play in THIS building!  And not any old arch!  Our arches are RIBBED FOR YOUR PLEASURE! 

image

And as if that were not enough to get your trousers tight and your checkbook hot, we have GROIN VAULTS! (Seriously, this is called out in the listing on the virtual tour.)

image

And not just one, MULTIPLE GROIN VAULTS!

image

This house is a veritable REAL ESTATE ORGY! It’s turn key, and bowl-for-guest-keys, ready. But send the help to sleep in the carriage house, because things are gonna get funky in here tonight! Did I mention it’s in WOODside! Rowr!

Comments (10) -- Posted by: madhaus @ 5:05 am

January 11, 2011

Most Expensive Sale 2010 – San Mateo County

On Sunday, we took a look at some expensive home sales that Zillow Blog selected for their pricing and our amusement.  Now we’ll look at the Real Bay Area high-priced sales that went through this past year that they couldn’t be bothered to profile, even though many of them could have qualified for the list based on sale price.

Do you expect to see price reductions similar to what the other homes went through?  Let’s find out!

145 Josselyn Ln, Woodside, CA 94062

Sold on 10/28/2010: $15,400,000

<img missing due to burbed’s terrible admin skills. working on restoring>BEDS: 5
BATHS: 6
SQ. FT.: 9,472
$/SQ. FT.: $1,626
LOT SIZE: 4 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Traditional
STORIES: 2
YEAR BUILT: 1906
COMMUNITY: Central Woodside
COUNTY: San Mateo
MLS#: 81035104
SOURCE: MLSListings
STATUS: Sold

ONE OF THE MOST SPECTACULAR ESTATES ON THE SF PENINSULA. A MASTERPIECE BY RENOWNED ARCHITECT, BERNARD MAYBECK, WHOSE MOST NOTABLE PROJECTS INCLUDE THE SAN FRANCISCO PALACE OF FINE ARTS. ITALIANESQUE VILLA ON OVER 4 ACRES. GRAND SCALE ROOMS & DESIRABLE FLOORPLAN, BASEMENT & WINE CELLAR. 2 BEDROOM GUEST HOUSE, 4 CAR GARAGE W/ MOTOR COURT, POOL & GARDENS. LOCATED MINUTES FROM THE VILLAGE OF WOODSIDE.

<img missing due to burbed’s terrible admin skills. working on restoring>Oooooh, I’m excited already.  This agent was selling a property that was going to net him a $450,000 commission, which is more than some houses in San Mateo county cost, and he couldn’t be bothered to turn off the CAPS LOCK key.  That’s either extreme confidence or extreme ineptitude.  Which do you think it is?

When the property description calls it a “possible horse property,” in a location known for drawing horse-lovers, I would lean toward the latter.  The place sits on four acres, so there should be enough room to keep a horse or two.

You know, if I were showing this place to clients, and I knew that some nominal percentage of people who want to live in Woodside would ask me if they could keep horses, and I knew that I could be making enough from this transaction to buy two houses in East Palo Alto outright, you bet your riding boots I’d have researched this beforehand.  I mean, what does it take?  Either, “Yes, you could put in a barn here, and here’s the closest set of trails,” or, “No, most of the property slopes 79% and I wouldn’t even recommend you put in a garden shed for fear of triggering a mudslide.”

Also whoever was selling this property didn’t want to deal with any arriviste social climbers.  All cash, no loans it says.  At least this one wasn’t sitting on the market too long.  Listed in June for $17,500,000 and sold by October at a 12% markdown.  Just 12%!  That’s better than nine out of the ten non-Bay Area properties.

We told you it was Special here.

Comments (30) -- Posted by: madhaus @ 5:15 am

January 9, 2011

We Wuz Robbed Again

Zillow Blog recently had a post covering “Some of 2010’s Top Real Estate Sales.”  Yet not one of them was in the Bay Area, let alone the Real Bay Area.  The ten featured home sales were mostly in Southern California, with one at Pebble Beach, one in Manhattan, and three in Florida.

Something has got to be wrong with those statistics.  The most expensive home in the article was a Bel Air beast, and another Bel Air battlement checked in at #5.  There were also two from Malibu, the aforementioned Pebble Beach, plus Santa Barbara.  Florida had disasters in Delray Beach, Naples, and Highland Beach.  (No wonder Florida real estate is hurting even more than California, at least we know how to spell del Rey over here.)

I was able to find several properties that sold in 2010 over $10 million in the Real Bay Area, and we’ll talk about those places another time.  Instead, there’s something more of interest about this Zillow piece:  How bad were the haircuts on each of these houses?  When the seller thought they could get $20 million, how much did they actually get?  Are we talking five percent?  Ten?  Fifteen?  Zillow didn’t feel this information was all that important, but we at Burbed know that watching the sellers chase the market down is the biggest part of the fun.

image

#1. Le Belvedere – Bel Air, CA

Original Price: $85 Million (February 2009)

Reduced Price: $72 Million (November 2009)

Sale Price: $50 Million (June 2010)

Haircut: -43%

This house leads to all kind of speculation since nobody is sure exactly who owns it.  It has since been sold to 2 limited liability corporations.  The 11 BR/14 BA 48,000 sf home (yes, 48,000 square feet) requires a staff of 15 and is on a 2.2 acre lot.  You can pick up this Bel Air listing for $53 million (9 BR/21 BA) if looking at this picture is making you think, “You know what?  I really want an insanely large and expensive home in Southern California.”

Redfin had this listing for a 7 BA/15 BA 35,000 sf house on 2+ acres, which Zillow says is the same one, but key details differ.  A 10/15 did sell for $18 million last January, but it was less than half the size of La Belvedere.

image

#2. Carbon Beach Gem – Malibu, CA

Original Price: $57 Million (March 2010)

Reduced Price: $47 Million (June 2010)

Sale Price: $36,969,000 (October 2010)

Haircut: -35%

This 8 BR/12 BA is 12,785 sf and has a mere 3/4 acre lot.  However, that lot includes 180 feet of Malibu beachfront.  Plenty of instant equity, this place has a Zestimate of $39,733,000!  While the first house write-up above freely speculated over who the owner is, not a peep as to who bought or sold a home on “Billionaire’s Beach,” where “you could run into celebrities such as Jennifer Aniston and David Geffen.” Or in this case, older ladies who go to lots of fundraisers.  Property Shark didn’t indicate who the new owner was.

image#3. Malibu Colony Beach House – Malibu, CA

Original Price: $23,950,000 (April 2010)

Sale Price: $21,475,000 (September 2010)

Haircut: -10.3%

Zillow points out that this house is only 5,000 sf, so we’re talking $4,295 a foot.  A half acre lot but only 60 feet of beachfront, and that’s 60 more feet than any house in Silicon Valley will have until the Pacific and the Bay rise a couple dozen feet.  The property has not one but two guest suites and a gym, separate from the main building.  Given that exterior has all the charm of a Santa Cruz 8-plex motel, that’s an improvement.  Plus, you might run into Tom Hanks, Bill Murray, and other celebrities even older than I am.

Property Shark doesn’t have the most recent sale record, but the seller lived in Tiburon.

image#4. Pebble Beach Jewel – Pebble Beach, CA

Original Price: $25 Million (March 2010)

Sale Price: $18.75 Million (May 2010)

Haircut: -25%

Almost twice as large as the last beach house, this 6 BR/4.5 bath on 1.3 acres has all the charm of a Presidential library, minus the historical documents or the gravitas.  Unlike Malibu Beach, here you have “Out one set of windows is the surf crashing along Pebble Beach’s craggy coast where harbor seals come to visit.”  Evidently out the back windows is some golf club or something.  Guess any celebrities worth running into would be out there clubbing the seals.

Seriously, does Zillow think nothing in the RBA has sold for more than $10 million last year?  Or just that they weren’t trying very hard?  I found this place in San Francisco that went for $15.5 million, and this one in Woodside.  Someday we’ll talk about those…

image#5. Bel Air Mediterranean – Bel Air, CA

Original Price: $24,500,000 (February 2009)

Reduced Price: $19,750,000 (July 2009), $18,950,000 (February 2010)

Sale Price: $16,250,000 (May 2010)

Haircut: -34%

Want it?  It’s for sale again, showing that flipping houses hasn’t gone out of style in some places.  Listed for $19.5M this October, only 5 months after it sold for $16.25M, the price was cut a whopping 3.8% to $18.75M a month later.  This is a 13,000 sf 7 BR/11 BA behemoth on 0.85 acre, plus the listing agent is married to a Real Housewife of Beverly Hills.  I swear I am not making this up.

Given that the listing doesn’t mention a speck of improvement that the new owner put in, anyone want to predict their exit price point?

Bonus feature: The property was foreclosed on during bubblicious 2004 for $700,000, before the current structure was put in.

image#6. Dramatic Delray – Delray Beach, FL

Original Price: $24,900,000 (July 2008)

Reduced Prices: $21,900,000 (November 2008), $18,950,000 (June 2009), $21,500,000 (July 2009), $18,950,000 (September 2009), $18,975,000 (February 2010)

Sale Price: $12,650,000 (April 2010)

Haircut: -49%

Nothing says dramatic real estate crash like Florida real estate, and here’s a spectacular example.  Best of all, it’s up for sale again at $19.5M with the exact same agent, showing some people are very slow learners.  At least they have over 14,500 sf of house to learn slowly in, with 6 bedrooms and a WTF 7.3 bathrooms on 2.13 acres.  Florida real estate is definitely different than anywhere in the US.  Where else would a 16 foot elevation be described as “commanding”?  Features 160 feet of “frontage” but onto what isn’t clear.  Perhaps the 16 foot towering precipice above the Atlantic.

image#7. Upper East Side – New York, NY

Original Price: $17,000,000 (September 2009)

Reduced Price: $15,900,000 (January 2010)

Sale Price: $13,150,000 (September 2010)

Haircut: -23%

Gordon Gekko might have said that “Greed is good,” but in New York City, stock market traders have another slogan about making money: “Bulls make money, bears make money, pigs get slaughtered.”  And this “grand 20-foot wide mansion” sold for $10.5M in March, 2008.  Yes, you too can pay eight digits for a five story house that literally has the breadth of a double garage, and it doesn’t even come with one!  Boasting 6 bedrooms, 6 baths, 8000 square feet and a lot size of (get ready) 2000 sf (0.05 acres), and around the corner from an actual Park Avenue address.

The current owner is now a floplord, looking for a tenant for 109 E 69th St.  The rent?  $48,000 a month.  Hope they don’t expect three months’ security up front.

In case you’re interested, that makes this property have a rent ratio of 22.8.  Typical rent ratio for Manhattan is well over 30, which suggests some pig is about to get slaughtered again.

image#8. Santa Barbara Villa – Santa Barbara, CA

Original Price: $19.5 million (August 2008)

Reduced Price: $16 million (March 2009)

Sale Price: $13 million (September 2010)

Haircut: -33%

Whew!  That was too long outside of California.  Between the old people of Florida and the New York cabbies who enjoy speeding up to love-tap pedestrians in crosswalks, that was a definite dollop of cognitive dissonance.  Face it, high prices should stay in California where they belong.  Why would anyone pay lots of money to live in a city where 16 inches of snow shuts the whole place down?

No doubt the Zillow blogger who put this piece together was so relieved to cover a California property that s/he neglected to notice the original (and much higher) list price for this house.  Maybe this one item was farmed out to Tech Gal, the Peninsula real estate agent notorious for her sales to listing price ratios based on reduced asking prices.

Speaking of the house… This 8592 sf home thinks of itself as a Tuscan villa, but it’s got a modern tax bill to greet you.  A 5 BR/6.5 BA main house plus a 1 BR/1 BA guest home on the 3.4 acre grounds guarantee you’ll keep a gardening staff busy all year.

image#9 Gulf Coast Grace – Naples, FL

Original Price: $16.5 million (May 2009)

Reduced Price: $15.9 million (July 2009)

Sale Price: $13 million (January 2010)

Haircut: -21%

This over 9000 sf house on Naples Bay is situated on 3/4 of an acre but is still in the sinkhole of Florida real estate.  Even Zillow looks at last year�
��s sales figure and comes up with a Zestimate of $11,013,000, suggesting that this palatial estate lost another 15% of its value merely by spending all of 2010 in Florida.  Once more, the Zillow blogger missed the original price, misunderestimating the amount a Florida property can plummet.

image#10. Living the High Life – Highland Beach, FL

Original Price: $18,900,000 (May 2009)

Reduced Price: $15,950,000 (July 2009)

Sale Price: $12,650,000 (January 2010)

Haircut: -33%

If a second marriage is the triumph of hope over experience, then buying a 12,000 sf house on 0.95 acres of Florida real estate for 67% of the original asking price is the knifecatcher’s exhilaration.  This brain-damaged fool has put the place back on the market for $14,950,000, just six months after taking delivery.  Given that Zillow has depreciated the previous property by 15%, I would calculate that this Adventure in Real Estate is going to lead to another 28% trip down Equity Burn Esplanade.

Comments (49) -- Posted by: madhaus @ 5:06 am

December 21, 2010

Cheapest House in Woodside

Another day, another DEAL as Black Friday sales continue until Christmas Eve!  So there were some complaints about yesterdays “Cheapest House in Portola Valley” not actually being in Portola Valley.  Well, we won’t make that mistake again with today’s DEAL.  This house is guaranteed not to be in Portola Valley!  Mostly.

6 Bret Harte Dr, Woodside, CA 94062
$494,800

image

Beds: 3
Baths: 2
Sq. Ft.: 1,540
$/Sq. Ft.: $321
Lot Size: 0.32 Acres
Property Type: Detached Single Family
Style: Cabin
Stories: 2
Year Built: 1966
Community: Skyline Area
County: San Mateo
MLS#: 81022296
Source: MLSListings
Status: Active
On Redfin: 229 days

* * * Unbelievable value for SO much! * * * Mature Redwoods line the private road leading you home! Fantastic lot & house! Large LR DR combo w/ fireplace. Kitchen w/ breakfast bar. Lovely deck offering beautiful views of lush forest. Private Master Bedrm Suite w/ roof top deck! New Roof! Walk to the 4 Corners/Alice’s Restaurant. A MUST SEE HOME!!!

image Walk to Alice’s Restaurant?  Do they even let you in if you don’t drive up on a Harley or in a Tesla?  Use the money you save buying this house to pick up one of each!  Plus all this LR DR combo open space means plenty of room for your hobbies, be it square dancing or laser tag.

No funny business with the community going on here like yesterday’s house, either — other than a Woodside address in the Portola Valley school district conveniently located in what appears to be Sky Londa.  Don’t you just love those fun-loving folks at the post office?  What will they think of next?

image

Between them and the cut-ups at the bank making up these wishing prices, they could write a few decent sitcoms.  Hmm, foreclosed cabin in the woods, motorcyclists popping into the nearby restaurant at all hours, wacky neighbors running meth labs, the occasional venture capitalist?  This could work.

image

Now what were those clowns up to with the Fall 2010 pricing?  Were they trying to bring the RBA bubble back with just this one house?  If so, bid high on this place, because  Woodside Portola Valley Sky Londa La Honda The Real Bay Area is back, baby!

Comments (12) -- Posted by: madhaus @ 5:04 am

November 22, 2010

Beautiful English Country Manor, 6 Car Garage, Bank Owned

Thanks to Burbed reader Herve for this incredible listing.  I wonder if the foreclosure tour bus stops here?

389 Moore Rd, Woodside, CA 94062
$6,202,000

image

Beds: 8
Baths: 10.5
Sq. Ft.: 11,130
$/Sq. Ft.: $557
Lot Size: 21.18 Acres
Property Type: Detached Single Family
Style: Country English
Stories: 2
View: Mountains, Valley
Year Built: 1939
Community: Woodside Heights
County: San Mateo
MLS#: 81045707
Source: MLSListings
Status: Active
On Redfin: 64 days

Beautiful, English country manor – "Miraflores" – with sweeping views of coastal hills. 7 bed/8 bath main house with separate guest house. Rec room, wine cellar, workout room with sauna, custom wood bar, library. Stunning 21 acres features pool with waterfall & clubhouse, spa, barn, riding arena, tennis court, orchard, landscaped grounds. Garage for 6 cars. Las Lomitos schools.

This property has a number of things going for it.  It’s an English Country Manor with a Spanish name.  These are always a hit at parties where your guests will think you’re an uncultivated dilettante with too much money and no class.  Also if any of your guests can translate the house name (Look at the flowers, you low-class rube), then they can try it.  Good luck finding any.  Any flowers.

image

Next, 10.5 bathrooms.  Host a small dinner party and all of you can freshen up simultaneously!

Best of all, this house was foreclosed on April 15th.  Both the IRS and the bank got a piece of this FB, but their loss is your gain, now with a 5% price reduction!  Wouldn’t this be a great place for, say, a cellular antenna farm

You might as well grow something on it, because despite being in Woodside, this poorly sited temple to the bubble’s excess is not in the Real Bay Area.  You see, it sold in 1994 for $3.9 million.  RBA property doubles every ten years, so it should be up to around $11.7 million now.  But it languished on the market for over 8 months with no takers at $8.5 million.  Even slashing the price to $6.5 million didn’t move this turkey (Thanksgiving is coming, you know!)

So the price was raised a small amount, and then lowered another 5% ten days ago.  Won’t somebody please buy it?  I bet if you do they’ll give you naming rights.  Hint: English Country Manor.  Consider something really posh (that means not in some foreign language), and you might get your $11.8 million after all.

How about Whitechapel?

Comments (8) -- Posted by: madhaus @ 5:05 am

November 18, 2010

This house appreciated 85% this year–how much will it appreciate for you?

$2,399,000
Beds: 3
Baths: 3
Sq. Ft.: 2,480
$/Sq. Ft.: $967
Lot Size: 1.23 Acres
Property Type: Detached Single Family
Stories: 1
View: Mountains
Year Built: 1973
Community: Emerald Hills Area
County: San Mateo
MLS#: 81049540
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 34 days
Five minutes from downtown Woodside, this extensively remodeled 3 bedroom 3 bath home offers spacious, light filled rooms, magnificent views and quality finishes. The grounds consist of manicured lawn areas, patio and new landscaping. The approximately 1300 sf remodeled guest quarters provide an open kitchen and living room, full bath and two bonus rooms. 3 car garage.

Thanks to Burbed reader A.L. for this great find!

Here’s what A.L. had to say:

Look at this flip. Looks like a 100K renovation, but doubled the $1M+ price!

Well, that’s curious. Let’s check out the history:

image

Holy moley! If this house appreciated 85% for the current owner this year alone, how much will this house appreciate for you next year?

My god… this house might be a trillion dollars by the end of the next decade! Put that sleeping money of yours into this property, and let it ride! Let it RIDE!

Comments (10) -- Posted by: burbed @ 5:17 am