March 11, 2010

You must maintain this Redwood City house

646 DOUGLAS Ave Redwood City, CA 94063
$260,000
image

Beds: 3
Baths: 1.5
Sq. Ft.: 1,010
$/Sq. Ft.: $257
Lot Size: 5,000 Sq. Ft.
Property Type: Detached Single Family
Style: Mediterranean
Stories: 1
Year Built: 1954
Community: Dumbarton
County: San Mateo
MLS#: 80955918
Source: MLSListings
Status: Pending With Release This listing is in escrow and all contingencies have been fulfilled. "With Release" means that there’s a release clause with the offer stating that the buyer is trying to sell his current home before closing. A release clause lets the seller back out of the deal if the buyers can’t sell their home within a set time frame.
On Redfin: 87 days
Well mantain house, near freeways and stores

Thanks to Burbed reader Herve for this find!

Unfortunately, this house is already pending. Bummer.

It’s peculiar, usually listings talk about how well maintained they are. This listing? It tells you want to do.

So you’d better maintain this house! You’d better keep it near freeways and stores!

There’s so much other strangeness… for example, why did this realtor take the picture while driving by? Was it to emphasize the dynamics of owning in this neighborhood?

I’m guessing this isn’t going to win the listing of the year.

Comments (17) -- Posted by: burbed @ 5:00 am

March 10, 2010

Affordable house in Oakland – just $99,000!

Beds: 3
Baths: 1
Sq. Ft.: 1,200
$/Sq. Ft.: $82
Lot Size: 1,800 Sq. Ft.
TYPE: Detached
STYLE: Other
STORIES: 1
Year Built: 1910
Community: Oakland
County: Alameda
MLS#: 40451794
Source: EBRD
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 8 days
Call Leon Washington at 510-638-1087 for any questions. Regular sale

Thanks to Burbed reader sonarrat for this find!

Here’s what sonarrat had to say:

Ever wonder how you fit a 1200 sf house on a 1800 sf lot?

yes, that really is the house!

What a curious property! It looks something that would be fitting for the show 24! Is this where the weapons of mass destruction are located? Is this where the “harsh interrogations” happen?

But… no… that really is the house. Go figure!

And… it’s shockingly affordable. At just $82 per square foot, most readers here can probably charge it to a credit card.

Sure… this was probably a zoning mistake:

image

But hey, their mistake is your gain! Buy it today and rent it out! Start your slumlording today!

Comments (12) -- Posted by: burbed @ 5:27 am

March 9, 2010

4 pack of houses for sale in Mountain View

Beds: 13
Baths: 10.5
Sq. Ft.: -
Lot Size: 1 Sq. Ft.
Property Type: Detached Single Family
Stories: 2
Community: Miramonte
County: Santa Clara
MLS#: 81003544
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 34 days
Investor opportunity! List price includes 4 single family homes (apn # 189-03-061, 189-03-062, 189-03-060, 189-03-059)Roofs 80% completed, windows are installed. Needed: kitchens, bathrooms, insulation, sheetrock, driveways/hardscape). Lot size is approximately 17,500 sf and homes are plus or minus 1900sf each. Buyer to verify square footage and lot size.
Thanks to Burbed reader Herve for this find!
 
Wow, it’s like a Costco purchase! A 4 pack of houses that are almost finished. All you need is some elbow grease since they’re about 80% completed.
 
This works out to a mere $725,000 per house. And since each house is about 1900 sqft, this works out to a shockingly low $381 per square foot! Wowsers! What a steal!
 
Now, time for speculation – why is the developer being so generous in offering up these houses for such a low price? Is it a reflection of how gracious the real estate community is in the Bay Area? Or is it because they just want to see what amazing innovation will blossom in this amazing town called Mountain View?
 
What kind of innovations would you add to these houses? And… let’s stop calling them incomplete. Let’s just call them “Beta quality”.
Comments (46) -- Posted by: burbed @ 5:25 am

March 8, 2010

Winchester Mystery House for sale – the condo version

Beds: 2
Baths: 2
Sq. Ft.: 926
$/Sq. Ft.:

$410

Lot Size: 1,306 Sq. Ft.
Property Type: Condominium
Stories: 1-3 (Low Rise)
View: Valley
Year Built: 1992
Community: Campbell
County: Santa Clara
MLS#: 80952012
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 117 days
remodled i year ago surrond sound in living area, new appliance in kitchen , about 10 months old. kitchen cabnets floors living room dining area , living 1 year old. ,all windows doors alarmed. door in hall way out side of unit goes to under ground parking . hi definition tvs to remain

Thanks to Burbed reader Herve for this find!

Have you ever dreamed about owning the Winchester Mystery House? Well, now’s your chance to buy the Winchester Mystery Condo!

Just look at those photos! How your friends will ooh and ahh as you recount to them the story of how a machine from the future came back to look for Sarah Winchester, and as a result built this condo in 1992. Or… uh… something like that.

Just think of all the money you’ll make from renting this house to Ghost Hunters on Syfy! See how the windows are alarmed? It’s alarmed for ghosts!

And those high-definition tvs that are remaining? Haunted.

Personally, I think kudos are deserved for the person who remodeled a 17 year old condo, considering how many Bay Area houses haven’t been touched since they were built.

Great buy. If you’re brave enough.

Comments (7) -- Posted by: burbed @ 5:26 am

March 7, 2010

Repair California – is this good? is this bad?

http://www.repaircalifornia.org/

Prop 1: "Allows voters to place question of calling a constitutional convention on the ballot."

Prop 2:"Calls a limited convention to propose changes to state constitution."

Alright folks… so what’s the deal with Repair California?

Is this a good cause? A bad cause? Will they help fix this state or will they further wreck it?

Can we get some serious discussion on this thread please?

My initial take – it’s a good thing. But then again, they seemed to have put their campaign on hold due to lack of funding, so that’s not a very good sign.

Comments (23) -- Posted by: burbed @ 5:37 am

March 6, 2010

California Real Estate Principles – Walter Roy Huber

California Real Estate Principles
Walter Roy Huber

image

California Real Estate Principles, June 2, 2000

This text, by Walt Huber, is used in teaching a beginning course in real estate principles in numerous community colleges in California. As the title implies the specifics (ie laws, requirements, licensing, etc.) conform to the law in California.

At the end of every chapter there are a few review questions and important terminology covered in that chapter. Key topics within the text are highlighted and www (Internet) addresses are given for sites that corrospond to subjects discussed.

I found this to be easy-to-understand and written in a clear and informative manner. Also I believe this to be a good resource for questions concerning transactions within this state. If you are outside California this is NOT for you. Overall a favorable impression of this book.

Sounds like a good buy. But really, do you need a book for this? Here are the principles:

1) Real estate prices in California always go up.

2) You should always buy houses in 1975 so that your property tax will be locked in at amazingly low rates for you, your children, and all of your decedents.

3) Real estate anywhere else is useless. That’s why everyone flocks to California to buy real estate here. Especially the Bay Area.

4) Profit = Selling Price – Purchase Price. Ignore things like maintenance (you won’t need to do any).

What are some of your California Real Estate principles that you think are worth sharing?

Here’s a principle: Support Burbed.com! Click this link to learn more about donating to this site’s hosting costs!

Comments (153) -- Posted by: burbed @ 5:48 am

March 5, 2010

Affordable house in Mountain View with easy access to 101

image

Beds: 3
Baths: 2.5
Sq. Ft.: 1,720
$/Sq. Ft.: $442
Lot Size: 5,367 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
View: Neighborhood
Year Built: 1945
Community: Whisman
County: Santa Clara
MLS#: 80941563
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 170 days
This oportunity knocks on your door. This single family residence has 3 bedrooms, 2.5 bathrooms and is minutes away from downtown Mountain View. Easily accessible to highway 101.

Knock knock! Can you hear it? No? Well that’s because you live in a rental and there’s probably too much noise.

But if you could hear it, it would be the sound of “oporunity” knocking!

Now sure there’s no interior pics, that’s sort of bummer – but it’s mountain view. And it’s only $760k! Hello what a steal!

And just check out your access to 101!

image

You’ll definitely be able to see it all the time! Talk about easy! And look at all the construction across the street/freeway. You know what they’re building on Moffet Federal Air Field right? Don’t tell anyone – they’re building White House: West. You heard it hear first.

Let’s face it, the President needs to have a residence in the heart of America’s most intelligent, most sushi place. Once Obama moves across the street – CHA CHING! Watch as your property value soars.

Just keep it on the down-low ok? You can thank me later!

Comments (17) -- Posted by: burbed @ 5:28 am

March 4, 2010

bay area schools lottery

It’s search engine Thursday!

The other day, I noticed a dramatic uptick in lottery related searches

ohlone mandarin school lottery 

"mountain view" schools lottery elementary 2010 

cupertino school district are all students enrolled?

cupertino union school district lottery date 2010 

Wow. That’s a lot of lottery searches!

I touched upon this last week, and I think that it’s now time to discuss this.

So what are these searches all about? Now, you might guess that this is because Bay Area Schools are so packed because voters in the late 1970’s decided to close many of them to save money because children aren’t the future… or that some districts are dramatically better than others voters in the late 1970’s decided to defund schools believing that children aren’t the future so districts rely on direct parental donations…

Or, these searches could be about how enrolling your child into a Bay Area school is like buying a winning lottery ticket! You’re guaranteed to get back a huge reward on your investment – even if you need to bring $2000-$10,000 in cash to class. Your child will go to Stanford, and then booom start the next Google.

I think it’s the latter… not the former. But that’s just my guess.

Comments (11) -- Posted by: burbed @ 5:54 am
 
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