1077 Washington Street, Mountain View, California 94043, Mountain View, - bed, bath
ACTIVE$800,000
1077 Washington Street, Mountain View, California 94043
0Bed
0Bath
1Sqft
5,663Lot
Year Built
1900
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81982357
Home ConditionTear down
Features
View-
About this home
Rare unimproved R-1 lot in Mountain View. Check with the City for possibilities. Adjacent property at 1087 Washington is also for sale, see class 1 residential. Maybe purchase both and build two new homes. We have surveyed the two corners between the two properties. You will be able to see the rear marker in the backyard. In the back of both properties adjacent to Central Expressway, is an old alleyway, approximately 20' wide. This alley is partially fenced with a gate off of Gemini, it actually belongs to the City of Mt. View. The use said alley by the owner is adverse.
Nearby schools
7/10
Theuerkauf Elementary School
Public,•K-5•0.5mi
7/10
Gabriela Mistral Elementary
Public,•K-5•0.7mi
6/10
Crittenden Middle School
Public,•6-8•1.0mi
8/10
Los Altos High School
Public,•9-12•1.7mi
8/10
Mountain View High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
10/02/24
Listing
$800,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (30 Listings) | |
|---|---|---|---|
| Beds | 0 | 3 | |
| Baths | 0 | 2 | |
| Square foot | 1 | 1,442 | 3% |
| Lot Size | 5,663 | 5,600 | 58% |
| Price | $800K | $2.2M | 3% |
| Price per square foot | $800K | $1,455 | 97% |
| Built year | 1900 | 1962 | 3% |
| HOA | |||
| Days on market | 399 | 156 | 97% |
Condition Rating
Tear down
The MLS description explicitly states this is a 'Rare unimproved R-1 lot' and suggests purchasing it to 'build two new homes.' The square footage is listed as 1 sqft, and the images show only land with no existing structure. Therefore, there is no habitable property to assess for condition, kitchen, or bathroom. The property's value is solely based on the land and its potential for redevelopment, fitting the 'tear-down' criteria as any previous structure is either non-existent or considered beyond repair for new construction.
Pros & Cons
Pros
Prime Location: Situated in highly desirable Mountain View, CA, offering access to top tech companies, amenities, and excellent schools, ensuring strong long-term value.
Significant Development Potential: A rare unimproved R-1 zoned lot, providing a blank canvas for a custom-built single-family residence in a high-demand market.
Adjacent Property Synergy: The adjacent property (1087 Washington) is also for sale, presenting a unique opportunity to acquire both for a larger, multi-unit development project (subject to city approval).
Ample Lot Size: The 5,663 sqft lot offers generous space for a substantial new home, landscaping, and outdoor living areas, a premium in this dense urban environment.
Pre-Surveyed Boundaries: Key corners between this and the adjacent property have already been surveyed, streamlining initial due diligence for a buyer considering a combined purchase.
Cons
Unimproved Lot & Construction Burden: As an unimproved lot, the property requires significant capital investment, time, and effort for full construction, including all infrastructure and building costs.
Permitting & City Approval Uncertainty: The buyer must undertake extensive due diligence with the City of Mountain View to confirm development possibilities and navigate potentially complex permitting processes.
Adverse Alleyway Use & Noise Proximity: The mention of an 'adverse' use of a city-owned alleyway suggests potential legal or access complications, compounded by noise concerns from the adjacent Central Expressway.