Spring Real Estate 2012 - Section 3

2012

WHAT CAN YOU FIND AT DIFFERENT PRICE POINTS?

by Cristina Wonghile some people have their hearts set on a par-ticular neighborhood — or even a street — others acknowledge that budget is what’s driving their

choice of home.But, sometimes it’s handy to compare just what you can get

at different price points. If you must have a minimum number of bedrooms, an excellent school district or perhaps a view, then reconsidering the location could help you find the home of your dreams.

The comparisons below are just a snapshot of what was of-fered in March. Note that for the same price (about $1,300,000),

you could find a standard Los Altos rancher or a Mountain View triplex with room to rent (and share the mortgage burden).

Or, for under $800,000 you could find an entry-level cottage in Palo Alto or a good-sized home in the Slater neighborhood of Mountain View.

For less than $1,800,000, you can find homes in Palo Alto and Portola Valley with an equal number of bedrooms and bath-rooms. But, offered at $25,000 more, the home in Portola Valley is newly renovated and has larger interior space.

Lastly, at $3,000,000, you can get a brand-new home in Ather-ton with more bedrooms and bathrooms, including larger inte-rior space than its Menlo Park counterpart.

PALO ALTO Address: 1433 Alma St. List price: $849,000Bedrooms: 2Bathrooms: 1 Interior: 960 sq. ft. Lot size: 1,400 sq. ft. Date built: 1926Between Kellogg and Churchill avenues, this one-story bungalow features a renovated

kitchen and bath, a private back patio, a private study room, and a one-car garage. It also pro-vides nearby access to the Bryant Street Bike Path and isn’t far from the University Avenue Caltrain station. Local schools include Addison Elementary, David Starr Jordan Middle and Palo Alto High.

MOUNTAIN VIEWAddress: 183 Ada Ave.List price: $748,000 (reduced in March from $788,000)Bedrooms: 3Bathrooms: 2 full, 1 partialInterior: 1,755 sq. ft.Lot size: 4,030 sq. ft. Date built: 1983Nestled away from the street on a flag lot, this home is very quiet, while offering convenient

access to highways 101, 237 and 85, as well as public transportation. Adding to the privacy are high wooden fences and tall persimmon trees, as well as lemon and peach trees. Features include a master suite with a private balcony, new French doors, double-paned windows and a brand-new roof.

Veronica Weber

Michelle Le

MOUNTAIN VIEWAddress: 325 Franklin St. List price: $1,300,000Bedrooms: 6Bathrooms: 3Interior: 2,559 sq. ft. Lot size: 9,583 sq. ft. Date built: 1952 Situated in the Old Mountain View neighborhood, this multi-family home is an unusual find

for downtown Mountain View property. The one-story triplex includes three units: a larger three-bedroom, two-bath unit; a two-bedroom, one-bath unit; and a one-bedroom, one-bath unit. Its amenities include a one-car garage for each of the units, original hardwood floors, and a washer and dryer inside each unit. Local schools include Edith Landels Elementary, Graham Middle and Los Altos High School.

LOS ALTOSAddress: 720 Los Ninos Way List price: $1,275,000Bedrooms: 5Bathrooms: 3Interior: 2,033 sq. ft. Lot size: 10,200 sq. ft. Date built: 1952In the North Los Altos community, this ranch-style home features a wrap-around yard, a

rear patio, separate family room and a master-bedroom suite. Additional features include a two-car garage with guest parking available. The home is well-located for shopping — just a short distance from the San Antonio Shopping Center as well as parks and schools. Local schools include Mariano Castro Elementary School, Ardis G. Egan Junior High School and Los Altos High School.

Michelle Le

Michelle Le

(continued on next page)

Spring Real Estate Special Section I Page 53

47 Encino Road, Atherton - Classic Georgian Colonial

CB Previews Internationaldre#00512313

This home has graced Lindenwood since 1924 and is offered for sale for the fi rst time in 50 years.The traditional fl oor plan includes a grand entry foyer, gracious living room with adjoining offi ce and a large formal dining room with French doors opening to a side patio.

Remodeled kitchen has a Wolf range, Zodiac countertops, center island, pantry, and opens to an eating area and family room with garden views.

gardens have Japanese maples, oaks, rhododendrons, fl owering fruit trees, camellias, wisteria vines, and a rare

CAROL BARTLETT650-867-7788 cell Offered at $3,995,000

PALO ALTO Address: 627 Fulton St.List price: $1,750,000Bedrooms: 4Bathrooms: 2 Interior: 1,932 sq. ft. Lot size: 5,500 sq. ft.Date built: 1924This two-story, Spanish-style home at the edge of Crescent Park offers the best of two worlds:

mahogany floors and high ceilings as well as granite countertops, stainless-steel appliances, surround sound and central forced-air heat. Additional features include an outdoor dining pa-tio and a detached garage. It’s an easy walk downtown for dining and shopping on University Avenue. Local schools are Addison Elementary, Jordan Middle and Palo Alto High School.

PORTOLA VALLEYAddress: 2 Portola Green CircleList price: $1,775,000Bedrooms: 4Bathrooms: 2 Interior: 2,230 sq. ft.Lot size: 0.23 acre, adjacent to common areas Date built: 1975In a quiet location in Central Portola Valley, this home was remodeled in 2004 and has

modern aesthetics throughout, including high ceilings, stainless-steel fixtures and maple floors. The ground floor features a living room with an adjoining library, as well a dining room that opens to an outdoor deck. Common areas offer a redwood tree grove and custom landscaping with a fire pit.

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Veronica Weber

Veronica Weber

SPRING REAL ESTATE 2012

Page 54 I Spring Real Estate Special Section



MENLO PARKAddress: 1158 Windsor WayList price: $2,998,000Bedrooms: 3Bathrooms: 2 full, 2 partial Interior: 3,285 sq. ft.Lot size: 10,080 sq. ft.Date built: 1999Situated in a private cul-de-sac off Windsor Drive, this contemporary designed home is

meant to entertain guests with its high-ceilings and spacious living rooms. The ground floor also has two bedrooms, two dining rooms, a library and workshop. Upstairs features include the master bedroom, a separate office, and two balconies overlooking an expansive pool be-hind the property. The large home is just a few blocks from downtown Menlo Park, and other shopping off Santa Cruz Avenue. Local schools include Oak Knoll School, Hillview Middle School and Menlo-Atherton High School.

ATHERTONAddress: 82 Lloyden DriveList price: $3,388,000Bedrooms: 5Bathrooms: 4 full, 1 partial Interior: 4,182 sq. ft. Lot size: 16,254 sq. ft.Date built: 2011This brand-new home in the Lloyden Park neighborhood — not far from the Atherton Cal-

train station — was constructed in Classic French style. On the main level is a chef’s kitchen with a great room, as well as one bedroom and an office. Upstairs you’ll find four more bedrooms. Amenities include three gas fireplaces, walnut hardwood and high-end finishes throughout. The backyard features a pool and landscaped grounds on more than one-third acre.

(continued from previous page)

Veronica Weber

Veronica Weber


Highway 280 ..............................6 minutesHighway 101 ............................19 minutesFacebook .................................15 minutesGoogle .....................................24 minutes

Stanford Shopping Center .......14 minutesStanford University ..................14 minutesStanford Medical Center ..........12 minutesCaltrain Station ........................17 minutes

Sand Hill Business Centers .......10 minutesRosewood Hotel ........................9 minutesSan Francisco Airport ...............32 minutesSan Jose Airport ......................32 minutes

For more on Portola Valley & these homes for sale by Joe & Ginny, contact us and visit:

TOWNOFPORTOLAVALLEY.COM | THEKAVANAUGHS.COM

w w w.TheK ava naughs.com

[email protected]

DRE# 00884747

[email protected]

DRE# 01351481

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0 Arastradero Road 10-acre parcel adjoining

Arastradero Open Space Preservewww.ArastraderoRoad.com

Offered at $4,250,000

2 Portola Green Circle4 bedrooms, 2 baths, extensively

remodeled, .023 acrewww.2PortolaGreenCircle.com


158 Pinon Drive5 bedrooms, 3 full baths and

3 half baths, 2-bedroom/1-bath guest house, pool, spa, 2.8 acres

www.158Pinion.comOffered at $4,800,000

20 Naranja Way3 bedrooms, 2.5 baths,

views, guest house, pool, spa, 2.6 acres

www.20Naranja.comOffered at $5,450,000

110 Corte Madera Road 3 bedrooms, 2 baths,

updated kitchen, over ¼ acre www.110CorteMadera.com


139 Crescent Avenue3 bedrooms, 3.5 baths, great

location, just under .5 acrewww.139Crescent.comOffered at $1,800,000

Approximate times from the center of town

Portola Valley . . . it’s more convenient than you may think!

Find us on Facebook: The Kavanaughs Follow us on Twitter: @JoeKavanaugh & LinkedIn: Joe KavanaughInformation deemed reliable,

but not guaranteed


Thank you...to all of the generous Realtors & their affiliates who support our schools!

Details at www.mpaef.org

Gold Sponsors ($3000 +)

Ken GlidewellAlain Pinel Realtors

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Michael JohnstonAlain Pinel Realtors

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Omar KinaanRE/MAX Distinctive Properties

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Silver Sponsors ($1500 - $2999)

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Sponsors (up to $499)

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Dulcy FreemanDreyfus Properties

Karen Fryling and Rebecca JohnsonColdwell Banker

Michael HallAlain Pinel Realtors

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Distinctive Properties

Jennifer LiskeDeLeon Realty

Carol Mac CorkleColdwell Banker

Mara McCainAlain Pinel Realtors

Mary Jo McCarthyDreyfus Properties

Edward “Ned” MoritzAlain Pinel Realtors

Michael RepkaDeLeon Realty

Karin RileyColdwell Banker

Stephanie SavidesSavides Real Estate

Caroline TonettiDreyfus Properties

Leslie WoodsSereno Group

Joe Carcione IIIRE/MAX

Distinctive Properties

Judy CitronAlain Pinel Realtors

Lyn Jason CobbColdwell Banker

Monica CormanAlain Pinel Realtors

Sue CrawfordColdwell Banker

Nathalie de Saint AndrieuColdwell Banker

Colleen ForakerAlain Pinel Realtors

Jami AramiAlain Pinel Realtors

Special thanks to Doug Gonzalez and Omar Kinaan for their leadership, and to Peter Kitch and Annette Smith for their support. We couldn’t do it without you!


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ATHERTON MODERN CONTEMPORARY

Completed in 2010 | Extraordinary materials throughout | 5 bed, 4 bath | 2.6 acres Pool, spa | Outdoor kitchen Playground and expansive level lawn | Las Lomitas Schools

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ROYCE CABLAYAN MARY GULLIXSON BRENT GULLIXSON



by Sarah Traubenhe bubble burst in 2008 didn’t skip over the Peninsula’s hous-ing market, but with some sectors of the economy on the mend, the rental market seems to be booming. Yet would-be

renters find little inventory of apartments, condominiums, town-homes and single-family home rentals from Mountain View north to Menlo Park.

Rental agents say low supply combined with demand spurred by economic recovery is translating into rising occupancy rates and price hikes for rental property owners.

“The vacancy rate I see being advertised is at an all-time low, even compared to our last cycle peak in 2008,” Keller Williams Realtor Leon Leong said. A Realtor for eight years, Leong specializes in rent-als and sales of single-family homes, condominiums and townhomes in the Palo Alto area and says these developments signal a good year for rental property owners in the region.

“A three-bedroom, one-bathroom rental which might have gone for $2,800 to $3,000 last year now might rent for between $3,400 and $3,800,” Leong said.

These rent increases have been especially pronounced near area downtowns, such as surrounding University Avenue in Palo Alto, and in prestigious neighborhoods. One Old Palo Alto property, which was listed at $3,700 per month in April 2010, was listed at $4,400 in March of this year, he noted.

“The number of rental properties in Palo Alto is about the same as last year, but because renters are not moving, there is less available,” Leong explained. “Our local economy is booming and people are coming to the area because of job creation.”

Because more tenants are remaining in their rental properties, south Peninsula rental-property supply is fairly tied up and rental rates for new tenants are rising, Chuck Totah, a leasing and relocation specialist, said.

The average market value for rentals has increased between 5 and 15 percent as the market has recovered from its stagnant period over the past 18 months, the J. Wavro associate with five years’ experience in the area estimated.

“The occupancy and rate increases are mainly due to hiring at high-tech companies, such as Google,” he said.

Others have noticed a recent rash of new renters relocating to Mountain View, Palo Alto and Menlo Park for positions at software and Internet-based companies.

“I’ve received word from local property managers that they are asking for more as the economy goes up,” Annette Lamarch, a reloca-tion specialist with Dwellworks, said.

Specializing in corporate relocations, she has noticed strong hiring figures for many companies and observed that economic improve-ment has the potential to increase demand and raise rents.

Rental-property owners may reap the benefit of the rental boom across the board in Palo Alto, where the average rent growth for large complexes has increased 10 percent this year, according to RealFacts.com, which tracks rentals in buildings with 50 or more units. Rates for smaller properties and single-family residences in Palo Alto are also up, Leong noted.

Whether owners in surrounding cities may see their boats lift in the rising tide for occupancy rates and rents, however, is a more volatile matter of location. Much of the new demand for rentals is shaped by that ever-present drive by working professionals with children to reside in locations served by prestigious school districts.

“In Palo Alto specifically, I see people coming into the area not just because of job creation but also because of the dependable quality of local schools, more so now than in the past,” he said.

“Mountain View tends to be a bit more heterogeneous in the rental

RENTS, OCCUPANCY RATES ARE CREEPING HIGHER AS ECONOMY IMPROVES

‘The number of rental properties in Palo Alto is about the same as last year, but because renters are not moving, there is less available.’

—Leon Leong,Realtor,

Keller Williams

market. Three different school districts are covered by Mountain View, and so the rental markets in areas covered by good school dis-tricts are much like the market in Palo Alto,” Leong said.

Despite spotty demand in some areas of Mountain View, rent has increased by nearly 14 percent and the occupancy rate is up 1.5 per-cent, according to RealFacts.com. Rent increases may be tied not only to a stream of relocating workers, but to a proliferation of apartment complexes.

“Larger apartment complexes may be more prone to increasing rent instead of retaining tenants,” Leong said.

Much of demand for rental property may be distilled into a single well-known phrase: location, location, location.

Owners of Menlo Park rental complexes have seen the most drastic occupancy gains and rent rises in the past year, at 5 percent and nearly 17 percent, respectively. Rises are most apparent downtown and in the well-regarded area around Avenida de las Pulgas, Leong said. These indicators of recovery are especially high in areas served by respected schools.

“The Menlo Park rental market is, in some ways, much like the Palo Alto market,” Leong said.

Whether the current rental boom will hold remains to be seen.Facebook’s recent filing for initial public offering of its stocks is

already affecting the real estate market and may further drive up the average rents, Lamarch said. And with signs that area tech companies are continuing to hire, it’s possible that property owners may continue to see high demand and many applications for rentals.

“It’s really hard to predict the future, but as long as the jobs are still there, rents will continue to climb,” Totah said.

Freelance writer Sarah Trauben can be emailed at [email protected].


W H R W


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300 Grandview, WoodsideOffered at $1,395,000

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4 bed 2.5 bath with additional unit. 3 car garage and pool.Listed and sold same day.

155 Canyon, Portola Valley

Pending

Sale

1039 Twin Oaks, Redwood CityOffered at $1,695,000

Gorgeous panoramic bay views from this spacious 4bd, 2.5 ba on home on .4 acre. Formal entry, LR w high ceilings, family kitchen. Inverted fl oor plan with master, 3-4 additional bds, plus 3 extra areas for offi ce, play rm or 2nd family rm including level yard.

New Listing!

746 Hermosa Way, Menlo ParkOffered at $2,600,000

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by Kathy Schrenkeople living in Linfield Oaks often feel like they have the best of all

worlds: They’re close to down-town Menlo Park, a large park with pool and library, down-town Palo Alto, Stanford Uni-versity and Shopping Center — all in a woodsy, creekside setting.

There’s even room for fami-lies of all sizes in the Menlo Park neighborhood’s apart-ments, condos and houses ranging from rustic to newly remodeled.

Kate Ague has lived in the neighborhood her whole life and hopes to remain. “Every-thing is here,” she said.

When she was a young girl she and her mother lived in an apartment across the street from the duplex she lives in

NEAR TO SHOPPING, PARK, SCHOOL — YET QUIET AND WOODSY

NEIGHBORHOODSNAPSHOT

Rebecca Miller loves the feel of having “a little nook” of a neighborhood so close to so

many amenities.(continued on page 70)

Michelle Le

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Above: Kate Ague, left, with her husband Peter Cass and daughter Lily Cass, 7, stand in front of their Linfield Oaks home. Kate Ague has lived in the neighborhood all her life. The three one-story homes, clockwise from left, are on Sherwood Way, Linfield Place and Laurel Street.


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A true legacy ranch, the historic Hop and Barley Ranch consists of approximately 6,420 acres with 1.5 +/- miles frontage on the Middle

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dove and soaring eagles. Per owner, the carrying capacity is approximately 500 cows year-round or 1,000 for the season. The well-rounded improve-ments complement the ranch well and are built of redwood siding and corrugated metal roofi ng for that classic rustic ranch headquarters. A ranch of this size and diversity is a rare fi nd and only a four hour drive from the greater San Francisco Bay Area. Priced at $14 million. For more information and other ranch offerings, visit our website at www.ranchbuyer.com.

FACTS: CHILD CARE AND PRESCHOOLS: Geokids Day Care Center, 345 Middlefield Road, #204, Menlo Park; Burgess After-school Program, Burgess Kindercat Program, Menlo Park Recreation Center, 701 Laurel St., Menlo Park, Menlo Children’s Center, 801 Laurel St. Menlo ParkFIRE STATION: 300 Middlefield Road, Menlo ParkLOCATION: West of Middlefield Road to Alma Street and San Francisquito Creek to Raven-swood AvenueNEIGHBORHOOD ASSOCIATION: Email coordinator: JoAnne Goldberg, 650-327-4716PARK: Burgess Park, Alma Street and Mielke Drive, Menlo ParkPUBLIC SCHOOLS: Menlo Park City Elementary School District — Laurel School, 95 Edge Road, Atherton; Encinal School, 195 Encinal Ave., Menlo Park; Hillview Middle School, 1100 El-der Ave., Menlo ParkSequoia Union High School District — Menlo Atherton High School, 555 Middlefield Road, AthertonSHOPPING: Downtown Menlo Park

now. Her daughter attends Encinal School, as Ague did. They walk or bike to the rec center, pool and library. And she feels safe with the police headquarters so close by at the Burgess Park government complex, she said.

Like all neighborhoods, it goes through cycles where there are lots of young kids, and this is one of them, she said. Some old-er folks may soon be ready to make way for even more newcomers, she said.

Elliot Krane has lived in the neighbor-hood since 2004 and loves the character and beauty of the older houses. Many have been restored or remodeled, he said. Peo-ple know each other. “Our dogs know each other,” he said.

In fact, he remembers once when his dogs got loose, someone recognized them and put them back in his backyard. He nev-er found out who had performed the kind deed.

Another time he was out of town and

someone called to say they noticed his car’s sun roof was open.

Regular block parties in different loca-tions add to the neighborhood feel.

Krane wonders if the “Facebook effect” will come to bear on the neighborhood, with the company’s proximity at the other end of Willow Road. He even wonders if newly minted millionaires might start knocking on his door and asking if his house is for sale after the IPO. “I think there’s going to be a lot of newfound money and a lot of people are going to want to live here. This is really ideally situated.”

Rebecca Miller loves the feel of having “a little nook” of a neighborhood so close to so many amenities. An email list keeps people connected, she said. Just after they moved in in 2010 there was an “awesome” block party right on their block. She and her two young kids enjoy being so close to Burgess Park and the pool and library, too, she said.

Freelance writer Kathy Schrenk can be emailed at [email protected].

Linfield Oaks(continued from page 68)



Joel Cavasso (R )Cell: 808.216.9988Email: [email protected] comprehensive Hawaii info, go to: www.Lanikailua.comSearch for properties at www.househunt.com/agent/Joel-Cavasso

I specialize in buyer representation for clients coming from out of state. Not only do I know the Hawaii market very well, I also know a lot of the sellers and their property histories. I have excellent problem solving skills and an impeccable reputation with my peers, especially when it comes to contract negotiations and the escrow process. By utilizing my representation, you will dramatically strengthen your buying position without incurring any additional costs. At least 20% of my clients purchase properties I fi nd for them that not yet listed on the open market. If you are considering in investing in Hawaii Real Estate or in a second home, contact me and I will work hard to fi nd you the perfect home on the beautiful island of Oahu.

PALO ALTO LOS ALTOS LOS ALTOS HILLS MENLO PARK ATHERTON PORTOLA VALLEY WOODSIDE MT. VIEW REDWOOD CITY ...AND THE ENTIRE MID-PENINSULA

eannah Hunt

aurel Hunt RobinsonLL

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Leannah & Laurel, Your Team for Mid-Peninsula Real Estate

LEANNAH HUNT & LAUREL HUNT ROBINSON

[email protected] [email protected]

(650) 475.2030 (650) 475.2035DRE# 01009791 DRE# 01747147

Born, raised, and lives in Palo Alto. Mother of twin boys ... Laurel understands needs of young families. Internet Marketing Specialist.

Over 25 years experience as a Realtor. SRES Certifi ed (Specialist in services for Seniors). Past President, Silivon Valley Association of Realtors. Mid-Peninsula School Specialist.

We are very pleased ... — Jay and Liana Boyarsky

I wouldn’t use anyone else. — Ray Bacchetti‘ ’

2012 has been one of the best years in the last decade to sell a home on the Peninsula.

Thinking of selling this year? We have an excellent network of industry specialists to

help prepare your home for the market, such as painters, stagers, landscapers, handymen,

and inspectors. Call Leannah and Laurel now to fi nd out how you can capitalize on this

amazing sellers market.


Vinedo Lane

MARY GULLIXSONAlain Pinel Realtors

DRE# 00373961

[email protected]

Information deemed reliable, but not guaranteed. Sq. ft. and/or acreage information contained herin has been received from seller, existing reports, appraisals, public records and/or other sources deemed reliable. However, neither seller nor listing agent has verified this information. If this information is important to buyer in determining whether to buy or the purchase price, buyer should conduct buyer’s own investigation.

BRENT GULLIXSONAlain Pinel Realtors

DRE# 01329216

[email protected]

DAVID BERGMANIntero Real Estate

DRE# 01223189

650.948.1100www.DavidBergman.com


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real estate connection for

today’s market.

WANTEDIf you have a property for our buyers, please contact us, or have your agent contact us.

PENDING SALE

COMING SOON

CENTRAL MENLO PARK 4 beds minimum; up to $2.5M

HOME with Portola Valley or Woodside school district; fixer ok; up to $1.5M

ATHERTON tear-down or lot on one acre for builder

MENLO PARK OR ATHERTONlarge family room/kitchen a must; up to $8M

SHARON HEIGHTS .3 level acre 3,000+ sq. ft. home

Kristin Cashin DRE# 01438764

Shane Stent DRE# 01868925

Doyle Rundell DRE# 1732918

325 Princeton Road Menlo Park $1,950,000

Sharon Park Drive Menlo Park$385,000

800 High Street, #205 Palo Alto $1,050,000




Spring Real Estate 2012 - Section 3

Documents

brandnew home

lot size

bath unit

mountain view triplex

goodsized home

choice of home

palo alto high

different price points