[quote=bearishgurl][quote=urbanrealtor]Per my Aunt (broker of Cassidy Real Estate in Los Altos):
“Pretty easily. Depends on location of course- does it back to highway 85?”
Apparently, backing on to 85 is bad for value.[/quote]
UR, I only saw one listing that was within a block and a half of the 85/Jct I-280. The rest were far enough away not to get the noise and traffic exiting on and off. But right in town (95070), I had a filter on for one-story ranchers, only. Obviously the 85 was always there, albeit probably a two-laner when these homes were built. Of course, the I-280 was not there and IT is the sole reason for all the traffic around there now. . . . [/quote]
This 1833 sf (upgraded) rancher listing on a 7901 sf lot in Saratoga just went pending in the last 24 hrs. Listed at $1,585,000, it was one of the lowest-priced listings in the area.
“Market time” so far has been 9 days. If it closes in the next two weeks, it will very likely be an all-cash sale.
It is 6+ blocks from the 85 hwy and will be assessed for the (yet-unbilled) FY ’15/16 at $87,233 (if it is still in escrow in 3 weeks, when tax bills are mailed out). This was one of my saved listings from last week of current listings in this area which still had an assessment dating back to the original rollback of Sept 1975 pursuant to the enactment of Prop 13 (which has increased at 2% per year since then).
Absolutely gorgeous home and lot, especially the landscaping, huge back patio/deck and fireplace.
