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So I walked the lot yesterday because I was curious about the abandoned backhoe (see aerial imagery). The area just west of the house is piled with junk - rotting wood, rebar, tarps, a mound of plaster, a rusting car door, beer cans, brush ... the backhoe itself is rusting and the shovel is filled with stagnant water and what look to me like many mosquito larvae.
I reported this to code enforcement and the mosquito abatement district.
My neighbor had walked through during an open house. She said it was an 'ugly' design, no flow, standard home depot fixtures, and while it has never been occupied (officially) it was quite dirty. All this for $3.6 million. Having walked the lot, I can't image why these people thought they should put the house where they did, and face it east toward the bay taking no advantage of the northern view of San Francisco. The large area of the lot to the west is the best for building, it's the flat part of the lot! I can only suppose they planned to split the lot and stick another house up there once they made their initial killing.
For me, this house is emblematic of the housing bubble in the bay area.
This is comical... 5,500 sq ft.. if we assume 200/ft that's $1.1 mil... about right
looks to back up to the San Andreas fault... good luck with that.
Quite near I280... I am sure the sound of traffic is soothing to the ears.
went by this house yesterday. Still unoccupied.
BTW, around here, it's $450-600/sq foot, depending on the neighborhood.
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Here's a nice big fat white elephant.  Perhaps a case of 'realtors up to their same old tricks', I saw a 'Sale Pending' on this a couple week's ago. Ok, benefit of the doubt perhaps there was an offer that fell through? It was delisted and relisted around the same time. Were there offers or is it ... REALTOR B.S.?
http://www.redfin.com/CA/San-Carlos/299-Club-Dr-94070/home/786390
I watched this place go up. Clearly a spec house. $544 a sq ft is "Low Price per sq ft!!!" 6 bdrms, 5 baths, etc. etc. But I would think anyone shopping in the $3 mil price range would be unimpressed with this place.Â
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