Congrats to this #Prop13 effective tax rate winner! Current owner pays $1,209 in property tax PER YEAR. 0.03% effective property tax rate. The next owner will pay $41,000+ in property taxes.
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Buyers are going for the lot, not the house. The land north of Embarcadero in Palo Alto is $$$. That chances of this house getting demolished and re-built as a McMansion are 100%.
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On board for historical preservation, but only until the upzoning. All the new McMansions bum me out because they won't be re-developed into anything good once they're lost to R1...and they're all I see here.
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Replying to @PaloAltoYimby @evan_adams @nextdoorsv
Some of the new super-expensive SFHs don't even look like McMansions. Have a look at 905waverley.com/ and 909waverley.com/ which are 5BR/5.5bath houses with an additional studio (+1bath) in-law unit on top of the garage.

May 16, 2020 · 5:34 AM UTC

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Replying to @davidbaron @PaloAltoYimby @evan_adams
My god so many stories (2)
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Super-fancy furnished basements (with windows) are all the rage in new Palo Alto construction because they don't count against the 0.45 FAR limit.
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Replying to @davidbaron @evan_adams @nextdoorsv
I was just complaining about the new houses on Waverly. Such a missed opportunity.
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Well, you can blame the SOFA coordinated area plan, Phase I, for creating the DHS zoning (Detached Houses on Small Lots).
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