Wednesday, November 10, 2010

Los Altos Real Estate - Price Drop of the Week 11/10

803 MORA DRIVE, Los Altos 94024
MLS# 81001641
Listing Agent: Ed Graziani, Sereno Group
List Price: $2,495,000 (down $300,000 from original list)
Days On Market: 301
Bedrooms: 4
Bathrooms: 3 1/2
Living space: 3,488 SqFt
Lot size: 11,784 SqFt
Age: 1

Bryan's Opinion: The Country Club neighborhood of Los Altos is very popular with buyers wanting larger lots and an even more "rural" feel than other areas of Los Altos. There has been a lot of new construction in this area with prices doing fairly well even during the downturn. This home is now officially a bargain.

The price was actually dropped a month ago but it never got the attention it deserved. The listing expired last week and it was relisted by the same agent. I've actually held this house open and buyers have all said it stands out as being of higher quality than many others in the area.

This home was custom built for the owners who had other plans but changed their minds. The attention to detail is much higher than a "spec" home. That said, it has some features you won't find in most homes including an outdoor fireplace. It's one of the best examples of new home construction in the Country Club neighborhood of Los Altos.

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