Thursday, November 4, 2010

Los Altos Hills Real Estate - Price Drop of the Week 11/4

10869 MORA DRIVE, Los Altos Hills 94024
MLS# 81042247
Listing Agent: Mickey Shaevitz, Coldwell Banker
List Price: $4,795,000 (drop of $1,200,000)
Days On Market: 2
Bedrooms: 4
Bathrooms: 4 (and 2 half baths)
Living space: 5,120 SqFt
Lot size: 70,567 SqFt
Age: 75

Bryan's Opinion: Here is another huge price reduction on a luxury estate in Los Altos Hills. This section of Mora is very private as it is near the end that ends against the Rancho San Antonio County Park. That means you'll get very little traffic and have easy access to one of the most popular hiking areas in the SF Bay Area.

The house itself is a heavily remodeled home on nearly 1.75 acres of land. While the modern feel may not appeal to everyone, it's still got the casual charm consistent with the area. In addition to being gated and private, it's also large enough to be competitive with similar sized properties in the area. When compared to other Country Club homes on Mora and nearby priced in the $2.5 million range (in either Los Altos or Los Altos Hills) this seems like a bargain.

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