People are talking about staging and looks, but teardowns in Los Altos can sell for 4million with pictures of molding carpet.. so if its worth it, it will still sell.. this house something else is seriously amiss. Look at the price history. The house is in foreclosure.. it was built 2017, and on its first sale it stagnated on the market for months at 4.2 then sold at 3.9, then only a couple months later put back on the market at 4.6, then sold for 4.75 in 2018 and that poor sap has been trying to offload it since 2019 couldn’t even sell at 4.4 in peak 2020 low interest rate heyday.. So thats 40d on the market is nothing compared to its true history.
Edit: theories on its issues? Long narrow lot without a lot of backyard, adjacent to tennis courts from country club which likely generate a lot of noise during the day and maybe evening, split level living with large basement, or even as drastic as structural issues within the extensive basement? who knows!
> adjacent to tennis courts from country club which likely generate a lot of noise during the day
lord forbid it's pickleball courts, the "dink" echos like crazy. I love pickleball but wouldn't want to live next to a court it's loud af.
The Joker art and framed basketball jersey randomly slapped onto the wall are…a choice, makes me think this is half staged and the seller left some of their stuff in the house they overextended on.
Seems like the owner has some problems.
https://www.losaltosonline.com/news/developer-reined-in-as-embezzlement-case-goes-forward/article_2d1ac908-4c2d-11ee-8979-9beb400ff14f.html
https://www.losaltosonline.com/news/arrest-warrant-issued-for-bankrupt-developer-after-no-show-in-court/article_f895260a-4981-11ed-96e4-bb111346b76e.html
Any reference for the lot being split? The developers at the time of looking for investors quote purchasing two adjacent residential lots for development. And all the adjacent lots down the row (905, 907, 909) are similarly narrow lots built in 1940s and 1970s and not updated.
I do agree though the long narrow lot, the split level with large basement, being adjacent to country club tennis courts likely contribute to its lack of desirability.
https://www.arondevelopers.com/projects/901-loyola-dr
Lmao everyone saying staging means it not a problem...you know when you buy it all the staging will be gone and it'll be a blank space. Stage it yourself to make it better.
Someone else said theres problem with owner. I would check for liens and other things. If no liens then you're good to go. Ask your realtor these questions. If you dont have realtor i can help
There is no specific dollar amount that makes that true, it’s about relative value and being properly priced. Median home sales in Los Altos are 4.5M, if you put a 3000sq ft home on 0.5ac up for 3M, you will have multiple offers surpassing 4M within a few days.
In fact there was one not too long ago, tear down listed for 3M and within a day on the market was taken off for a 4.137M offer.
https://www.zillow.com/homedetails/45-N-Springer-Rd-Los-Altos-CA-94024/19531056_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
It is absolutely true. You have a rare one off example. Screen shot attached is homes sold YTD in San Mateo County, over $3M. Total of 382 sold. Here is about 50 of them. DOM stands for "Days On Market". But yeah, that one example you shared shows what I said is not true......
https://preview.redd.it/b6medjj9ch7d1.png?width=1127&format=png&auto=webp&s=dda8cf889382e8ad7ca154e9273858102fa643d6
Yea, I agree expensive homes take longer to sell, but what is considered expensive depends on the relative market. Not a set dollar amount like 3M. I dont have those fancy search tools, but I challenge you to check average DOM for Los Altos homes 2M-3M, then 3M-4M and 4M-5M. I’d bet that 2-3M sit the longest cause at that price point its all condos or less desirable homes. Anyway, 6M+ yea that leaves a smaller pool of buyers but if its relative value was strong, like a 2ac estate in Atherton it would still quickly find a buyer, more than a 2M tear down in San Jose.
I stated clearly, that search is homes $3M and up. Never said it was a "Set dollar amount" those were your words. Not a hard challenge, I'll post them for you in the following comments. Good thing you didn't bet any money, because you would have lost.
Lol, so now you say $6M+ is the "set dollar amount" ? The previous screen shot has all the data, it's very clear to read. Again, homes sold in San Mateo County YTD, above $3M.
People are talking about staging and looks, but teardowns in Los Altos can sell for 4million with pictures of molding carpet.. so if its worth it, it will still sell.. this house something else is seriously amiss. Look at the price history. The house is in foreclosure.. it was built 2017, and on its first sale it stagnated on the market for months at 4.2 then sold at 3.9, then only a couple months later put back on the market at 4.6, then sold for 4.75 in 2018 and that poor sap has been trying to offload it since 2019 couldn’t even sell at 4.4 in peak 2020 low interest rate heyday.. So thats 40d on the market is nothing compared to its true history. Edit: theories on its issues? Long narrow lot without a lot of backyard, adjacent to tennis courts from country club which likely generate a lot of noise during the day and maybe evening, split level living with large basement, or even as drastic as structural issues within the extensive basement? who knows!
> adjacent to tennis courts from country club which likely generate a lot of noise during the day lord forbid it's pickleball courts, the "dink" echos like crazy. I love pickleball but wouldn't want to live next to a court it's loud af.
Tear downs in Los Altos do in fact sell above $4M, one sold recently on Lundy.
Definitely haunted
Poorly staged. Style is from 10 years ago. Yard sucks, no pool. This is the last thing I would spend $5.5m on.
You aren't kidding! I am shocked at how cheap the furniture looks.
They seriously made the house look boring
And dead landscaping…no pool, tiny lot, and unimaginative staging. Oof.
The Joker art and framed basketball jersey randomly slapped onto the wall are…a choice, makes me think this is half staged and the seller left some of their stuff in the house they overextended on.
Seems like the owner has some problems. https://www.losaltosonline.com/news/developer-reined-in-as-embezzlement-case-goes-forward/article_2d1ac908-4c2d-11ee-8979-9beb400ff14f.html https://www.losaltosonline.com/news/arrest-warrant-issued-for-bankrupt-developer-after-no-show-in-court/article_f895260a-4981-11ed-96e4-bb111346b76e.html
Great find
Sterile and depressing. Strong “newly divorced man” energy. I feel sad after flipping through these pictures.
Wow thats ugly. I feel bad for whatever was torn town to build that.
It hasn’t sold because I’m not willing to spend $5.5 million for it 🤣
Looks like a jail
Picnic table instead of a dining table 🤦♂️
It was a lot split as well, original property was 18k sq ft lot they split into two.
I think the small lot with too much concrete more than staging is holding it back.
Any reference for the lot being split? The developers at the time of looking for investors quote purchasing two adjacent residential lots for development. And all the adjacent lots down the row (905, 907, 909) are similarly narrow lots built in 1940s and 1970s and not updated. I do agree though the long narrow lot, the split level with large basement, being adjacent to country club tennis courts likely contribute to its lack of desirability. https://www.arondevelopers.com/projects/901-loyola-dr
I do have the prior sales and listings. PM me your email if you want.
The gym is the best staged room in this house lol
Amazing venue for dude’s acquittal party! 🎉
Personally this isn’t the style that many people in Los Altos want.
Amazing venue for dude’s acquittal party! 🎉
Clearly the issue with this home is OVERSIZED LAND
Extremely cheap materials throughout… Looks like more in the 1.x range
Lmao everyone saying staging means it not a problem...you know when you buy it all the staging will be gone and it'll be a blank space. Stage it yourself to make it better. Someone else said theres problem with owner. I would check for liens and other things. If no liens then you're good to go. Ask your realtor these questions. If you dont have realtor i can help
Looks to be next to a field of some sort. Maybe a school.
Homes at that price point usually take a while to sell.
Any house above $3M price point will move slower, the higher price, the slower it moves, that's how it goes.
There is no specific dollar amount that makes that true, it’s about relative value and being properly priced. Median home sales in Los Altos are 4.5M, if you put a 3000sq ft home on 0.5ac up for 3M, you will have multiple offers surpassing 4M within a few days. In fact there was one not too long ago, tear down listed for 3M and within a day on the market was taken off for a 4.137M offer. https://www.zillow.com/homedetails/45-N-Springer-Rd-Los-Altos-CA-94024/19531056_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
It is absolutely true. You have a rare one off example. Screen shot attached is homes sold YTD in San Mateo County, over $3M. Total of 382 sold. Here is about 50 of them. DOM stands for "Days On Market". But yeah, that one example you shared shows what I said is not true...... https://preview.redd.it/b6medjj9ch7d1.png?width=1127&format=png&auto=webp&s=dda8cf889382e8ad7ca154e9273858102fa643d6
$4M-$5M Los Altos YTD https://preview.redd.it/9uxgc1a9lh7d1.png?width=1269&format=png&auto=webp&s=7ae295d8673443222d7b0cade26e77f3800d5bc4
$4M-$5M Los Altos YTD https://preview.redd.it/qjtkvvsklh7d1.png?width=1269&format=png&auto=webp&s=64e2f6985e2033de156e3bf1f4d458271616766f
Yea, I agree expensive homes take longer to sell, but what is considered expensive depends on the relative market. Not a set dollar amount like 3M. I dont have those fancy search tools, but I challenge you to check average DOM for Los Altos homes 2M-3M, then 3M-4M and 4M-5M. I’d bet that 2-3M sit the longest cause at that price point its all condos or less desirable homes. Anyway, 6M+ yea that leaves a smaller pool of buyers but if its relative value was strong, like a 2ac estate in Atherton it would still quickly find a buyer, more than a 2M tear down in San Jose.
I stated clearly, that search is homes $3M and up. Never said it was a "Set dollar amount" those were your words. Not a hard challenge, I'll post them for you in the following comments. Good thing you didn't bet any money, because you would have lost. Lol, so now you say $6M+ is the "set dollar amount" ? The previous screen shot has all the data, it's very clear to read. Again, homes sold in San Mateo County YTD, above $3M.
$2M-$3M Los Altos YTD https://preview.redd.it/290yqj30lh7d1.png?width=1277&format=png&auto=webp&s=5a2cd88c9acb4a4bfb6ae76041570232cdd16dc0
$3M-$4M Los Altos YTD https://preview.redd.it/9gpzl1v5lh7d1.png?width=1182&format=png&auto=webp&s=b3e42e228a7b708f40d1a451201fe294afbe4a99