Palo Alto Open House: 1424 Hamilton Avenue

Come check out my open house today from 1-4pm in Palo Alto at 1424 Hamilton Avenue. Located in the highly desirable Crescent Park area, the home has 2,666 square feet, 3 bedrooms and 3 1/2 baths on a 7500 square foot lot.

Originally built in 1931, the home has been recently remodeled, but keeps the original English charm with high beam ceilings, walnut floors and a vintage picture window. The home has two master suites, one on the main level and the upper master has dramatic vaulted ceilings and French doors that lead to the beautiful balcony and stairs descending to the garden.  This amazing remodel integrates state of the art systems and exceptional finishes and crafstmanship.

Luxury real estate in Palo Alto is selling well and this home is no exception to the rule that good homes are highly desirable especially in Palo Alto.  The schools are Duveneck Elementary, Jordan Midle and Palo Alto high.

The asking price is $3,995,000.

Come out and say hello or give me a call if you are not represented and would like to get a tour or disclosures.  This is the only open house and all other showings are by appointment only.

Off Market Duplex in Palo Alto for Sale

There is an off market listing on Cowper Street that is great for my investor clients.  Two duplexes that are each 2 bedrooms, 1 bath and a total of 1,227 square feet.  They were remodeled in 2013 with an updated kitchen and bathrooms.  If you know Palo Alto, you realize this is walking distance to downtown and all the great shops and dining of University Avenue as well as the train station for your commutes to the city.

The asking price for the property is $2,350,000.

Call me if you are looking for investment properties in Palo Alto and are not represented by a buyers agent.

Want to live next door to Apple CEO Tim Cook?

Google Ventures Managing Partner Bill Maris is selling his 2,065-square-foot Palo Alto condo. The home was on broker tour last week and shows very well.  It’s in a great area of Palo Alto, the home is nicely done plus, it’s directly next door to Apple CEO Tim Cook’s Palo Alto condo.
Maris originally purchased the four-bedroom, three-bathroom home for $1.98 million.   I suspect the home will get multiple offers as there are only less than 30 homes on the market in Palo Alto, so it’s going to go quickly.
If you are interested to see the home and do not have buyer representation, give me a call…but do it soon. Who knows, you might get some free Apple products down the road if you don’t make too much noise.

365 Forest Avenue Palo Alto Condo For Sale

Enjoy urban style living in the heart of Palo Alto. This beautifully remodeled 3 bedroom, 2 bath, 1695 sf single level condo has it all.  Remodeled kitchen with granite counter tops, travertine tile floors, new appliances, recessed lighting and new cabinetry.  There is also a microwave with convection oven, five burner electric stove top, main oven plus warming oven, side by side fridge with built in filtered ice/water, overhead LED lighting, under cabinet lighting and in cabinet lighting  and self closing drawers.

The master bath has been updated with travertine tile floors, radiant heating, granite counter tops, limestone shower and new cabinets.  The second bathroom has been updated with the similar materials as well.  The interior laundry room has been completely remodeled with large stacking washer and dryer, food pantry storage and tile floors.

The condo also has new carpeting and paint throughout as well as a refurbished wet bar with granite counter tops and new cabinetry too.  There are new highly efficient LED lights in kitchen, laundry room, living room, hallway and bathrooms.It’s like walking into a custom condo as all the details have been closely paid attention to during the remodel that was completed earlier this year.  Whether you are looking for a place to live or an investment property, this condo is for you.  There will always be good demand for this condo as it is located in the highly rated and desirable Palo Alto school district.

The condo is walking distance from the vibrant downtown University Avenue and its wonderful dining and shopping experience.  The building has a 24/7 security entrance and underground private parking.

Open House Saturday and Sunday 7/20 & 7/21 from 1:30-4:30pm.

If you have any questions or interest, please contact Gary Kurtz at 650.543.1202 for more information or to set up a showing.

Open House This Weekend In Palo Alto

Make sure to come out to my open house this Sunday.  The address is 1212 Fulton Street and it is a charming home with a guest house that you will not want to miss.  The home has 3,100 square feet that has been updated and has hardwood floors on the main floors and carpeting upstairs.  There is a lower level studio with a kitchen and outside entrance.

There is also a 600 square foot guest cottage with kitchen and loft style bedroom that is perfect for renting or extended family members.

The price has just been reduced to $2,998,000 so it is a great buy at the new price.

Please come by and say hello.

Open House: Old Palo Alto Charming Home

Come visit my open house this weekend at 580 Washington Avenue in Old Palo Alto. I’ll be there Saturday from 1:30-4:30 and Sunday from 1:30-4:40pm.

Home is 2,000 sf, 3 bedrooms, 2 1/2 baths and located on a cul-de-sac. Great Palo Alto schools and walking distance to shops and restaurants. The house is charming with updated kitchen and bathrooms plus a nice outdoor area for barbequing and entertaining. Asking price is $2,795,000.

Palo Alto real estate has been on a tear lately and prices have been ramping up due to the lack of inventory combined with lots of buyers who want to be in Palo Alto. There are only 27 homes on the market in all of Palo Alto, but more specifically, there are only 7 in the 2-3 million dollar range and only 3 homes at any price in Old Palo Alto.

Stop by to say hello and sign up for my off market list of available homes in the area.

Alain Pinel Realtors Silicon Valley

We at Alain Pinel Realtors have been releasing high quality videos that give buyers a feel for different areas. Today, we released the Silicon Valley video. Take a look.

If you are looking for luxury real estate all along the Peninsula and Silicon Valley in areas such as Los Altos, Saratoga, Monte Sereno, Palo Alto, Mountain View and other areas, please consider me.

Billionaires Living In Palo Alto

The highly anticipated Forbes list of billionaires shows that an unusually high number of them own Palo Alto real estate.

Ten of those billionaires live there to be exact.  Palo Alto real estate has been surging all year, now with the list showing that 10 billionaires live there, I’m guessing even more people from around the world will want to check out the real estate market and see what it’s all about.

The highest ranking billionaire to live in Palo Alto is Larry Page of Google, whose net worth is estimated at 23 billion.  Not bad for a 39 year old guy who looks like he’s about 20.  I think he owns the entire top floor of the condos on Alma street, so that is one nice penthouse condo.

Mark Zuckerberg comes in at the second highest ranking billionaire to live in Palo Alto and has a net worth of $13.3 billion.  He bought the house from an agent at our company last year and it’s just a nice home in a nice area and he didn’t go crazy with a mega mansion.

Laurene Powell, wife of the late Steve Jobs, comes in next on the list of Palo Alto billionaires and holds a net worth of $10.7 billion.  They have lived in the house on Waverley Street for many years and recently completed a renovation after Steve’s death.

Seven other billionaires from the Forbes list own Palo Alto real estate that they call home and can be read by clicking on the link below.

Palo Alto real estate billionaires

I have met or worked with several of the billionaires on the list and know the on and off market listings in Palo Alto quite well.  If you are in need of an agent to buy or sell a home,  please don’t hesitate to contact me at 650.543.1202 or gkurtz@apr.com for a confidential conversation.

Palo Alto Housing Inventory Lower Than You Think It Is

It’s the end of February, the weather is a bit warmer and all is well in Palo Alto.  All except the housing inventory as the numbers remain unseasonably low.  Broker tour for the city of Palo Alto is on Friday, so that means most agents put their new listings on MLS by early Thursday so their new listing can make it on the Friday broker sheet.  As of today, there are 29 homes for sale in all of Palo Alto, and a total of 8 condo’s.  The average number of sales in a month for Palo Alto is somewhere in the 40’s, depending upon the month.  Knowing that 5 of the 29 have been on the market quite a while and probably not an easy sale, this means that all buyers are after about 24 homes.  But, the real number to look at is to take the inventory of 29 homes and separate them out by price range.  You have 8 homes in the 3 million plus range, 8 in the 2-3 million range, 10 in the 1-2 million dollar range and 3 under a million.

The price range is the true identified of what is out there as most buyers fit into only one of the price ranges.  For example, if you are looking for a home over three million, then you don’t really care to see the homes in the 1-2 range so your inventory is really only the 8 in your range.  So, housing inventory is a very personal number that is always a subset of the big number all the agents talk about.  For most buyers, there are really approximately 8 homes in the Palo Alto housing inventory that they really care about.  This shortage of housing inventory is why prices are going up as I know there are more than 8 buyers out there so it tends to create the situation where a buyer just wants to buy a house and they pick one of the 8 they see as the inventory doesn’t seem to be getting any better.

So, until more people decide to sell, this housing inventory number is much smaller than you think it is.

Los Altos Hills Real Estate Highest Price in Santa Clara County

Santa Clara County real estate showed gains across the board in numbers very similar to San Mateo County.  The key number to note is that the average price of a home was up in 2012 by 12% to an average of $839,000.  The biggest jump in prices came from the city of Monte Sereno where home prices were up 18% to an average of $2.031,000.  Los Altos Hills took the prize for highest average sale price with a whopping $3,077,000.