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rate this lovely house on a 12,000 sq ft lot
Poast new message in this thread
Date: February 20th, 2018 3:09 PM Author: Rusted Stag Film Mad Cow Disease https://www.redfin.com/CA/Palo-Alto/460-Washington-Ave-94301/home/1396627 (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446162) |
Date: February 20th, 2018 3:22 PM Author: Crimson talented hall I like that look v. what they look like when they've been redone. Whoever buys that is going to gut the kitchen and baths and redo them with modern garbage.
Spending almost $8m for that is absolutely insane and feels like a bubble. The $2-3m houses in Sunnyvale, Mountain View and South Palo Alto that Non sequitur poasts are one thing, because it's much easier to comprehend two people making $200k or one person making $400k buying them. $8m is getting into 0.5% territory even for SV. That used to be Hillsborough- and Atherton-only pricing. |
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Date: February 20th, 2018 3:28 PM Author: bearded heaven coffee pot i feel like we say this every 5 years (insane, pricing is crazy, etc etc) (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446307) |
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Date: February 20th, 2018 3:32 PM Author: Crimson talented hall I know...but $8m for that place that someone is going to dump at least $400k on the roof, kitchen, and bathrooms, and all of the deferred maintenance things we don't know about. Will probably seem like a bargain in 5 years, though.
But jfc: $1.6m in cash down. I guess you can get there through equity in your starter house if you timed things right. A way to make even biglaw partners live hand to mouth. |
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Date: February 20th, 2018 4:20 PM Author: Rusted Stag Film Mad Cow Disease (((Hehe))) even applies to partners who thought they maed it (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446628) |
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Date: February 20th, 2018 3:34 PM Author: Beady-eyed Theater we do, but he's right that $8M is a high number. you're playing in a different tier at that price point. (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446341) |
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Date: February 20th, 2018 3:24 PM Author: spectacular laser beams in the future, everyone will spend 100% of their income on housing (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446269) |
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Date: February 20th, 2018 3:27 PM Author: french national lol
only $2862 / Sq. Ft.!! |
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Date: February 20th, 2018 3:28 PM Author: bearded heaven coffee pot (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446306) |
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Date: February 20th, 2018 3:42 PM Author: Dark violent parlour turdskin Are there any others besides all cash Chinese buying houses in this price range? (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446385) |
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Date: February 20th, 2018 4:03 PM Author: Crimson talented hall When I was biglaw the BSD partners were buying $4-5m houses (though they seemed to want to be in Los Altos Hills or Palo Alto on the other side of 280 v. Old Palo Alto) and this was a few years ago, so hehe inflation and you get to this point. If you're making 7-figures and have a bunch of equity from a starter house, it's not unthinkable, it's just crazy to get what would be an $800k house in most other places. (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446533) |
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Date: February 20th, 2018 4:10 PM Author: mischievous messiness more like 200k (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446571) |
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Date: February 20th, 2018 4:39 PM Author: lavender soggy gunner toaster (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446754) |
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Date: February 20th, 2018 4:05 PM Author: Saffron Pisswyrm Lay Unbelievable (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446547) |
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Date: February 20th, 2018 4:09 PM Author: mischievous messiness feels like land value pricing for a developer that’s gonna build a mcmansion and try to sell it for $10m for a $1m profit. (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446566) |
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Date: February 20th, 2018 4:27 PM Author: boyish emerald set factory reset button Huge lot. Build a 8000 square foot monstrosity and sell it for $12m. Profit. (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446660) |
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Date: February 20th, 2018 4:36 PM Author: Pale Razzle Stead https://ssl.cdn-redfin.com/photo/8/mbpaddedwide/638/genMid.ML81691638_28_4.jpg
You don't even get a new washer and dryer. |
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Date: February 20th, 2018 4:36 PM Author: lavender soggy gunner toaster Purchased in 1972 for $70,000
Current owner's property taxes on it: $3300/year
Your property taxes on it: $90,000/year
LJL |
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Date: February 20th, 2018 4:37 PM Author: bearded heaven coffee pot gas | all | boomers (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446741) |
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Date: February 20th, 2018 4:39 PM Author: Aromatic Haunted Graveyard Menage (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446759) |
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Date: February 20th, 2018 4:39 PM Author: milky geriatric native sex offender (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446758) |
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Date: February 20th, 2018 4:48 PM Author: Pale Razzle Stead Appreciation of 10% per year for 48 years. (http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446806) |
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Date: February 20th, 2018 4:49 PM Author: Pale Razzle Stead *claws a path to the top of the economic heap*
*lives like a cop and a teacher in Iowa* |
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Date: February 20th, 2018 4:57 PM Author: Provocative Wrinkle Degenerate What the fuck is wrong with people in SV?
Why is that lot so desirable? Seems like comps are in the 3-4M range.
What would the commute be to a decent job? |
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Date: February 20th, 2018 5:06 PM Author: Crimson talented hall It's in a walkable neighborhood in the nicest town in the area depending upon what you want.
It's an easy 1 mile walk from Wilson Sonsini. |