October 20, 2014

This San Mateo house listing forgets a key detail

301 N KINGSTON St
San Mateo, CA 94401
$948,000 Price 
6  Beds 
4  Baths  2,650 Sq. Ft.
$358 / Sq. Ft.
Built: 1949 Lot Size: 5,000 Sq. Ft. On Redfin: 9 days Status: Active
20141018a

Great Single Family Home with an approved In-law Unit. Completely updated throughout! 2650 sqft of living space. Main house has 4 Bedrooms with 3 Bathrooms. In-Law unit has 2 bedrooms/1 bathroom with a separate address and separate utility meters. Live in one, rent the other! Unique Property! Great Potential Income! Centrally Located! Open House Sat/Sun October 18th & 19th from 1:30 pm – 4:30 pm.

Ok. Got it. If you’re big into the sharing economy, this house is for you. Or, buy one get one free.

With rent soon to hit $1,000,000 per hour for a 1 bedroom, you’ll be making Monopoly level money in no time! Maybe you can buy up a whole street and replace it with a hotel (like the one in the background?)

But… I think this listing forgets a key detail! One that’s an amazing benefit. One that you usually find in most listings!

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That’s right… easy access to freeways. I mean, come on… it’s right there.

I’m surprised that the realtor forgot to mention this on this listing.

What else would you include to improve this listing?

Comments (4) -- Posted by: burbed @ 5:45 am






October 16, 2014

Congrats to Mountain View–median home sale price now a million!

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Congratulations Mountain View!!

2015 – $2,000,000.

I know you can do it!

Click here to post a comment -- Posted by: burbed @ 5:01 am

October 13, 2014

Do you like Victorian homes? You’ll love this one in San Jose!

435 S 7TH St
San Jose, CA 95112
$499,000
Price 
4 Beds 
2 Baths  2,176 Sq. Ft.
$229 / Sq. Ft

20141013

Less than a block from San Jose State University. House is damaged by Fire. Value is in the land. Huge potential for a Contractor or Investor who will like to own a Historic Grand Victorian. Imagine the Possibilities.

Do you like Grand Victorian homes? Well if you do, you’re in luck! Check out this specimen!

Oh wait… value is in the land. And as we all know – they’re not making any more of that! Plus it is in Downtown San Jose! Woot!

Well, let’s imagine the possibilities… What would you do with this fantastic deal?

Comments (3) -- Posted by: burbed @ 5:47 am

October 7, 2014

Shocker! House with additions and permits

343 N HUMBOLDT St
San Mateo, CA 94401
$779,000 Price 
5 Beds 
3 Baths  1,890 Sq. Ft.
$412 / Sq. Ft.
Built: 1939 Lot Size: 6,450 Sq. Ft. On Redfin: 42 days Status: Active

20141006a

This is a great opportunity for a large family, the main house has 4 bedrooms 2 bath with a attached legal in-law unit. The house needs cosmetic work but it is in good shape. all additions were done with permits.

Those of you who have read burbed for long enough know why this is a shocker… it’s a house that has additions with permits. A legal in-law unit.

Normally, the Real Bay Area is full of disruptors and entrepreneurs – leaders and visionaries who know that laws and regulations are mere guidance meant to be broken.

In fact, reading this listing, I almost have a certain disdain for this house. So ordinary. So legal. There’s a real lack of ambition.

Someone with true leadership and ambition would add 4 more bedrooms to this house. Wouldn’t you?

Also… what’s going on with the curtain in this picture…

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Huh?

Comments (2) -- Posted by: burbed @ 5:16 am

September 29, 2014

Half a million dollar house in East Palo Alto

2112 Lincoln St
East Palo Alto, CA 94303
$550,000 Price 
2 Beds 
1 Baths
— Sq. Ft.
Built: 1947 Lot Size: 4,400 Sq. Ft. On Redfin: 17 days Status: Active
20140929a
There are no remarks available.

There are no remarks available?

I’ve got some remarks!

Affordable starter home looking for some TLC.

Contest: For a million Burbed points, please submit your best Realtor® prose for this property!

Comments (10) -- Posted by: burbed @ 5:18 am

September 15, 2014

$2,658 per square foot Menlo Park house

421 POPE St
Menlo Park, CA 94025
$2,100,000 Price 
2 Beds 
1 Baths  790 Sq. Ft.
$2,658 / Sq. Ft.
Built: 1962 Lot Size: 6,360 Sq. Ft. On Redfin: 9 days Status: Active
20140913ab
Great investment opportunity as a rental/rebuild. Excellent location! Within 2.5 miles from Facebook, Stanford, and downtown Palo Alto. Short drive to Googleplex, and good schools. This is a Trustee sale. Trustee would prefer to sell 421 & 419 Pope Street together.

Wow, let’s check out this great opportunity!

20140913a

Aren’t cantilevered sinks all the rage right now? This house was ahead of the times!

Frankly, I’m just glad to see that Menlo Park real estate has finally reached a reasonable price.

How long do you think this will stay on the market for? 7 days? 30 days?

What will you do when you buy this house? Rebuild? rent out? rebuild and then rent out?

Comments (8) -- Posted by: burbed @ 5:23 am

September 8, 2014

Mountain View houses reach healthy price finally!

1453 LLOYD Way
Mountain View, CA 94040
$1,395,000 Price 
3 Beds 
2 Baths  1,246 Sq. Ft.
$1,120 / Sq. Ft.
Built: 1954 Lot Size: 5,160 Sq. Ft. On Redfin: 4 days Status: Active

20140908
Charming!! Hardwood floors new interior paint newer roof double pane windows! Light and bright w/ sunny southern exposure big lot, lots of grass to play Opportunity to update to your style! Prime location–quiet street–Top Los Altos schls, walk to coffee pharmacy bagels Castro St shops restaurants nightly entertainment library parks pool & Caltrain! Easy to downtown Los Altos and all of its events!

$1,120 per square foot!

Finally, Mountain View homes have reached the healthy price that they were destined to. And let’s be frank – this house offers so much, like the ability to “play Opportunity” to update to your style.

Can you think of any other homes that allow you to update them? It’s impossible!

It even has nightly entertainment library parks, and coffee pharmacy bagels! Yum, yum! Fusion cuisine at its best!

Let’s not forget all those downtown Los Altos events… such as…. (uh… could you please fill those in, in the comments section?)

Comments (16) -- Posted by: burbed @ 5:39 am

August 27, 2014

Everyone’s making $291,497 in Silicon Valley

These tech worker wages will astound you
Posted on Thursday, August 21 at 1:28pm | By Kathleen Pender

The average annual wage for high-tech workers in San Francisco rose to $156,518 in 2013, up almost 19 percent from the year before. That ranked the city No. 1 for high-tech wage growth out of 34 markets nationwide, according to Bureau of Labor Statistics data crunched by JLL, a commercial real estate services firm.

<snip>

The more astonishing statistic: The average tech wage on the mid-Peninsula (San Mateo County) last year was $291,497. Although that was down about 5 percent from 2012, it was still — by far — the highest average tech wage in the nation, surpassing Silicon Valley (Santa Clara County) by almost $100,000.

Ok, I skimmed this article. There’s a lot of blah, blah, blah. Blah blah blah. My takeaway was that the average person in San Mateo makes almost $300,000.

This puts San Mateo at the top of the Real Bay Area.

Using the Silicon Valley rule of thumb that your home should be 10x your income that means soon the average home will be $3M!

Congratulations on all you San Mateans!! You are now the Real, Real Bay Area.

Comments (13) -- Posted by: burbed @ 5:39 am

August 25, 2014

This Palo Alto home sold for $1.3M. You won’t believe what it is next to.

2411 MIDDLEFIELD Rd
Palo Alto, CA 94301
$1,300,000
3 Beds 
1.5 Baths  1,414 Sq. Ft.
$919 / Sq. Ft.
Built: 1947 Lot Size: 6,380 Sq. Ft. Sold On: Aug 22, 2014 Status: Sold

20140824a

Looking for a project? Opportunity for total remodel or new construction * Midtown location * Easy access to freeway * Large lot *

Thanks to Burbed reader RE for pointing this out a few weeks back.

“Looking for a project?” Isn’t everyone in the Real Bay Area since we’re all entrepreneurs? Now this is a project!

The insides have all the makings of a $1.3M house:

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Purple cabinets? Check. A range that looks like it is sliding away? Check. A refrigerator that’s… uh… there? Check.

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Bathroom with a shower? Vintage! Adds more value! Check.

Great. Lots of award winning features.

Now, what’s this about easy access to freeway?

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Well, being at the corner of Middlefield and Oregon Expressway, you really can’t quibble with that claim. I mean, it really is close to the freeway.

But being that Middlefield is perpetually backed up, just how would you even leave your driveway?

I guess it doesn’t matter because… well… this house is sold. I hope you act faster next time!

Comments (18) -- Posted by: burbed @ 5:59 am

August 20, 2014

Big data Wednesday – Median Home Price to Median Income ratio

Last week we highlighted how awesome and fantastic it is that San Francisco (aka the Real Bay Area) finally crushed Manhattan and New York in terms of how expensive housing has become.

So, for some data – and using some newer, brighter, colors.

image

Hmm… looks like there’s still some improvement here. It looks like the South Bay really needs to step up its game to ensure that the Price/Income ratio beats that of New York metro!

image

Hm, it looks like the blue line is sagging below the redline. That means housing is still probably too cheap. We need it to look more like the good ol’ days of 2003-2007!

image

Yeah, some room for improvement here as well!

Ok people, let’s get to work on driving up these prices!

Click here to post a comment -- Posted by: burbed @ 5:36 am