It’s Median Home Price Week on Burbed! As you know, the Median Home Price in Silicon Valley tends to be in the $68x,000 range, so each day we’ll be featuring a fine house of that price. Welcome to Day 1!

San Jose, CA Homes for Sale - 2194 Bikini Ave, San Jose, 95122
2194 Bikini Ave, San Jose 95122

Bedroom: 4 Bathroom: 2&1/2 MLS#: 702933 Square Footage: 1350 $680,000
Status:
Active
Year Built: N/A Parking Spaces: 1 List Date: 1/18/2007 Lot Size: 5227

DESCRIPTION -
2194 Bikini Ave, San Jose
FULL HOUSE COPPER PIPING! * * 2YR. ROOF! * * ALL DOUBLE PANE WINDOWS! EXTERIOR STUCCO WALLS! * * ALL HOUSE FLOORS GRANITE OR TILE! HUGE RIGHTYARD PATIO FOR PARKING!! * * 101/280 EASY ACCESS

I especially love the 2 tone pick up truck that’s parked in front of the house. This staging work really does a great job in showing off the HUGE RIGHTYARD PATIO FOR PARKING! Also, Stucco Walls are so hard to find here in California.

With a house like this, I can easily start up my taxi/limo service to enable me to afford this median priced house. Sweet!

San Jose Mercury News - S.J. condo `buyer’ faces ruined credit in questionable deal
In a written complaint to the San Jose Police Department on Jan. 29, Singh reported that he agreed with two Su Casa agents, Natrian Maxwell and Felipe Neri, to accept $2,500 for “signing

a house under my name” last May while working at Century 21 Su Casa’s Fremont branch office. He told police he was promised that his name would be removed from the property a month or two later, that the home would be transferred to the real estate company and that they would be “responsible for everything.”

[snip]

Public records show that Singh bought a condo on Saddle Rack Street in San Jose in May 2006, borrowing the full purchase amount of $579,000 from a subprime lender, Fremont Investment & Loan. His initial payments were to be $4,780 a month.

He paid $30,000 over the asking price, according to the listing agent’s Web site and real estate records.

The deal generated $28,950 in commissions for Century 21 Su Casa, according to Singh’s settlement statement. The statement also listed a $20,000 payment from the seller for repairs to the 2-year-old condo.

Singh said in an interview that he only dealt directly with his boss, Maxwell, throughout the transaction. Real estate documents indicate that Maxwell was the agent on the deal.

Singh’s loan application, prepared by Mariposa Mortgage, claims he is 20 years older than he is, earns $12,500 a month as “co-owner/manager” of Neri’s Transportation Services in Newark, a job he supposedly held for 2 1/2 years, has $24,000 in a savings account, $8,500 worth of jewelry and $19,000 in other assets and drives a Toyota Tundra truck worth $37,000.

Singh said that after asking Fremont Investment & Loan for the documents, he was surprised to see those claims on the loan application, though he signed it at the time.

“I’m like, God, I don’t have any of this. And $24,000 in my account? That’s completely insane,” Singh said in an interview. He said he had never heard of Neri’s Transportation. State records show the president of Neri’s Transportation Inc. of Newark is Felipe Neri.

[snip]

Foreclosed on in March, Singh’s condo is for sale again for $509,500 - nearly $70,000 less than he paid.

Sometimes you can’t make this stuff up.

Although technically Redwood City week at Burbed ended on Friday, here’s a bonus post:

Redwood City, CA Foreclosures on Yahoo! Real Estate: 1-10 of 80 listings

When I checked last week, there were only 6x foreclosures. Now there are 80.

That’s a good thing because foreclosures are kind of special.

Welcome to Day 5, the last day of Redwood City Week! What a fun week it has been! I hope you enjoyed it!

Redwood City, CA Homes for Sale - Redwood City, 94063
Redwood City 94063

Bedroom: 3 Bathroom: 1 MLS#: 712530 Square Footage: 1130 $730,000
Status:
Active
Year Built: N/A Parking Spaces: 1 List Date: 3/13/2007 Lot Size: N/A

DESCRIPTION -
Redwood City
Seller is motivated. Beautiful great home for a big family. 3 bedrooms 1 bath, updated kitchen about 3 yrs ago, fireplace, 1 car garage, and full studio with no permit. Must see open house on sundays 1-4pm.

Alright… it’s $730,000 for a 1130 sqft house. That’s fine. But why say there’s an open house on Sunday but then not list the address? Fortunately Movoto shows the address on the map, but still it’s sort of a guess since there’s no house number.

What’s up with this? Why the tease?

Welcome to Day 4 of Redwood City Week!

MLSlistings Property Detail for MLS number 701407
1349 Gordon ST
Redwood City, CA 94061
$880,000

This Single Family Residence has the following features:
MLS#: 701407 Approx Age: 91 Years Approx Sq Ft: 1350
Detached Single Family 1 Story Ranch
3 Bedrooms Ground Floor Bedroom 2 Bathrooms
1 Stall Shower Dining Area in Family Room Separate Dining Room
Laundry Area - Inside Hardwood Floors Gas Heat
Domestic Well 2 Car Garage Lot: 8,000 Sq Ft to .25 Acre

Ok ok, I get it. This property is a huge lot - almost 1/4 of an acre. That’s huge around here. But seriously - what’s the point in listing the number of bedrooms and bathrooms? Or that there’s a separate dining room?

I know it’s separate - it’s probably in a landfill by now.

Welcome to Day 3 of Redwood City Week!

A year ago, Burbed featured this house:

$599,000 for… well… house in Redwood City? — Burbed.com: Your Silicon Valley Home and Mortgage Insanity Blog
MLSlistings Property Detail for MLS number 608961
517 SPRUCE ST
Redwood City, CA 94063

Back then, Burbed joked that the house should have a sign that says “Beware of House” instead.

Well, beware of house indeed! Since Burbed featured this property, it was bought … TWICE!

According to Zillow:

• 08/18/2006: $665,000
• 5/12/2006: $562,500
• 05/25/1978: $30,000

Wowsers! Everyone knows that Redwood City is going to be the next Greenwich Village, CT… but seriously! Who would’ve thought this place would appreciate 18% in just 3 months?

Too bad it’s off the market now - otherwise, this would clearly be a million dollar house by the end of this year. You snooze, you lose!

Welcome to Day 2 of Redwood City Week!

MLSlistings Property Detail for MLS number 711837
2812 HUNTINGTON AV
Redwood City, CA 94063
$549,950This Single Family Residence has the following features:
MLS#: 711837 Approx Age: 51 Years Approx Sq Ft: 830
Detached Single Family 1 Story 2 Bedrooms
1 Bathroom 1 Shower over Tub 1 Tub

Shh… be werry werry quiet. It’s a shy house. It’ll be there. Just buy it first, then you’ll see it. Shhh….

I hear that if you see this house’s shadow, it means 5 more years of 10% appreciation…

Welcome to Day 1 of Redwood City Week, here at Burbed!

MLSlistings Property Detail for MLS number 713435
650 HURLINGAME AV
Redwood City, CA 94063
$659,000

This Single Family Residence has the following features:
MLS#: 713435 Approx Age: Unavailable Approx Sq Ft: 810
Detached Single Family 1 Story Traditional
2 Bedrooms 1&1/2 Bathrooms 1 Shower over Tub

That’s a pretty sweet photo if you ask me. Sure, it’s $659k for a 810 sqft house - but look at that awesome photo!

It’s even more awesome when you see this photo:

Told you so. Now aren’t you damned impressed with the perspective in the first one?

Now that’s money!