Wednesday, November 17, 2010

Hot Los Altos Hills Real Estate 11/17

24632 OLIVE TREE LANE, Los Altos Hills 94024
MLS# 81001641
Listing Agent: Terri Couture, Coldwell Banker
List Price: $2,700,000
Days On Market: 1
Bedrooms: 5
Bathrooms: 3
Living space: 4,430 SqFt
Lot size: 49,222 SqFt
Age: 47

Bryan's Opinion: This section of Los Altos Hillls is one of the more "rural" areas and there's a real mix of estates and older homes.  Because it's so far away from town, you don't get the same sense of connection to Downtown Los Altos you do from other areas.  This is great, if that's what you're looking for.
The home was completely remodeled and the finish quality looks fine for the price range.  The size of the home and the fact that it's completely turn-key makes this an excellent value at this price.  It sold 2 years ago for $2.9 million so it's priced $200K below the current asking price and after the owners invested money in improvements.  Considering how far we've come in the current market, that also makes this a good value.
There are very few new homes on the market this week (or last) in Los Altos or Los Altos Hills in this price range.  I expect there will be only a handful of homes put on the market over the next month.  If you're looking at a newer home in Los Altos Hills, this should definitely be on your short list.

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