August 31, 2007

Save $120,350 today on this San Jose house

Ok, time to confess – sometimes I create posts up to a few weeks ahead of time before posting. The house that showed up this morning is one of them. And apparently, the price has gone down even further – so now it’s even a better buy!

MLSlistings Property Detail for MLS number 733678
159 S 33RD ST
San Jose, CA 95116
$412,900

15933rd.png

This Single Family Residence has the following features:
MLS#: 733678 Approx Age: 55 Years Approx Sq Ft: 1176
Detached Single Family 1 Story Cottage/Bungalow
3 Bedrooms 2 Bathrooms 1 Shower over Tub

Remember, when you buy something that’s on sale, you’re actually making money on the price difference. So when you save $120,350, you’re actually making that much – and can use it to buy a Harley, an H2, or a RV.

What are you waiting for?

Comments (1) -- Posted by: burbed @ 12:31 pm






Save $73k today on this San Jose house!

MLSlistings Property Detail for MLS number 733678
159 S 33RD ST
San Jose, CA 95116

$459,900

159s33rd.jpg

This Single Family Residence has the following features:
MLS#: 733678 Approx Age: 55 Years Approx Sq Ft: 1176
Detached Single Family 1 Story Cottage/Bungalow
3 Bedrooms 2 Bathrooms 1 Shower over Tub

Let me add the tag for the realtor: “Won’t last long.”

Yeah, this house might need some TLC.

What’s very interesting is its records on zillow:

 Sale History
04/11/2007:     $533,250
11/16/2004:     $460,000
12/20/2002:     $373,000

Looks like a pricing mistake to me. There’s no doubt in my mind that this house will sell for at least $575,000 – and will sell next year for $675,000. Buy it today – $73,000 instant equity!

Comments (4) -- Posted by: burbed @ 5:19 am

August 30, 2007

Easy “CUMMUTING” at this $425 fixer upper near alum rock

88 Pickford Ave, San Jose, CA 95127 – Property Details.
88 Pickford Ave, San Jose 95127 (Alum Rock)
$425,000

88pickford.jpg

* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: N/A
* Lot Size: 7250
* Square Footage: 1100
* List Date: 8/1/2007
* Parking Spaces: 1
* MLS#: 742778

Great! A $425,000 fixer upper! Buy it, add a few bucks, and this will be a $1 million house next year.

But wait there’s more!

ALUM ROCK FIXER-UPPER / IN UNINCORP AREA OF SJ AREA OF BASE OF ALUM ROCK HILLS BLOCKS AWAY FROM SCHLS, PARKS, NEW LIBRARY, YOUTH CENTER, CUMMUTING, SHOPPING THIS IS A GREAT OPPORTUNITY FOR CONTRACTOR TO BREATHE NEW LIFE INTO THIS HOME

Even better! It’s got easy CUMMUTING! Wow! What more can I ask for!

Comments (15) -- Posted by: burbed @ 5:15 am

August 29, 2007

San Jose – Richest City in America – We’re #1

San Jose Mercury News – San Jose tops list of richest U.S. cities
—Northern California’s largest city is also the wealthiest urban center in the nation, with a median household income of $74,000.

Two other California cities, San Francisco and San Diego, finished in the top three as well, according to newly released data by the U.S. Census Bureau’s Current Population Survey. Seattle and Las Vegas rounded out the top five richest cities of 500,000 people or more.

Santa Clara County, epicenter of Silicon Valley and home to some of the world’s most successful technology companies, was California’s second richest. Santa Clara County’s median household income last year was $80,838, while Marin County, just north of San Francisco, topped the list at $81,761.

Woot! Go Bay Area!

We’re #1!

We’re #1!

Take that New York. Who needs Wall Street! Peh!

I predict the median price for houses will be $1 million by the end of 2008, and condos at $625k.

And that’s on the conservative side. Personally, I can easily see the median prices for houses will be $1.25 million  and condos being $750k.

How can it be otherwise. Look at how hot Web 2.0 is. Look at VMWare. Look at FaceBook. Google is still going strong.

Better buy a place this year – because next year we’re going to set all new records.

You read it here first.

Comments (3) -- Posted by: burbed @ 12:43 pm

What does a $1 mil house look like in Redwood City?

MLSlistings Property Detail for MLS number 721100
610 ACACIA LN
Redwood City, CA 94062
$997,000

610acacia.jpg

This Single Family Residence has the following features:
MLS#: 721100 Approx Age: Unavailable Approx Sq Ft: 1370
Detached Single Family 2 Stories 3 Bedrooms
1 Bathroom 1 Shower over Tub 1 Tub
Eat in Kitchen Dining “L” Utility Room

Now, granted this house is on a somewhat larger lot – but when I think of a “million dollar home” I guess I wasn’t expecting this.

But then again, this is Redwood City – it has the World’s Best Weather(TM). And thus, this house is worth almost $1 million.

Wanna bet that next year it will be worth $2 million?

Comments (9) -- Posted by: burbed @ 5:10 am

August 28, 2007

This is not a motel… really?

MLSlistings Property Detail for MLS number 741289
LAUREL ST
Redwood City, CA 94063
$784,777

laurelst.jpg

This Single Family Residence has the following features:
MLS#: 741289 Approx Age: Unavailable Approx Sq Ft: Unavailable
Detached Single Family 2 Stories Contemporary
2 Bedrooms 2 Bathrooms 1 Shower over Tub
2 or More Tubs Eat in Kitchen Bonus Room

Alright… what’s going on in that second floor? This is not marked as a multi -unit, yet it really looks like a motel. A pink Motel 6 anyone?

Maybe that’s part of the cash flow strategy for this house – buy it and rent out rooms by the night. Hmmmmmm

Comments (11) -- Posted by: burbed @ 5:06 am

August 27, 2007

Realtors are now attending Toastmasters! Great!

Burbed gets lots of spam. Lots and lots of spam.

For example, there’s almost an e-mail per day from Pacific Union GMAC Real Estate. During the better days, these e-mails would shout out great news about the San Francisco real estate market – about how now was a great time to buy or sell a home.

These days, the e-mails have taken a slightly different turn…

pacunion.png

Woot! This is clearly a good sign for the SF Real Estate market – Realtors are attending Toastmasters!

Rumor has it that their next Press Release will talk about how some of their agents have lowered their triglycerides – another stunning accomplishment that will help you buy or sell a home.

Comments (4) -- Posted by: burbed @ 10:27 am

What’s $729,000 and has bars on the windows?

MLSlistings Property Detail for MLS number 740173
3974 W CAMPBELL AV
San Jose, CA 95008

$729,000

3974campbell.jpg

This Single Family Residence has the following features:
MLS#: 740173 Approx Age: 31 Years Approx Sq Ft: 1694
Detached Single Family 1 Story Contemporary
4 Bedrooms 2 Bathrooms 2 or More Stall Showers
1 Shower over Tub 1 Tub Separate Family Room

Did you guess “A 1694 sqft house in Campbell!”?

No?

Well… uh… you should’ve because that’s the answer!

I really like the drought resistant yard that’s been added to this house – it’s very eco friendly. It’s fairly obvious that the next step is to pave it over so you can have more parking…

Comments (15) -- Posted by: burbed @ 5:59 am

August 25, 2007

[Serious] Support the Arbitration Fairness Act today

There aren’t serious posts here all that often – and this is one of them. (If you want to go back to the funny stuff, click here.)

Today, when you sign up for most credit cards, cell phone plans, cable, a new built house- heck even when you agree to use some doctors for procedures (like my oral surgeon), you have to sign an agreement waiving your rights to sue them in court and instead use arbitration.

You’ll be told that arbitration is simply easier and less costly for everyone. A true win win.

And it’s true. It’s easier and less costly because you always lose. Can it get easier than that?

So please Burbed readers, take some time to read these links:

Bottomline: Support the Arbitration Fairness Act today.

Comments (9) -- Posted by: burbed @ 5:41 am

August 24, 2007

We’re not #1 in debt :(

Foreclosures Force Britons to Ponder Shift to Fixed Rates – New York Times
Whether they can is an open question, especially given Britons’ attachment to home ownership, adjustable-rate mortgages and personal debt. British consumers are the most indebted citizens of any Group of 7 nation, and television shows devoted to real estate and debt advice are among the most popular programs in the country.

[snip]

Currently, only 5 percent of British home buyers take out fixed-rate mortgages. The norm here is a mortgage with a fixed rate for the first two years, and then a floating rate for the duration of the mortgage.

[snip]

In fact, the National Housing Federation recently predicted prices would rise 40 percent in the next five years, elevating the average price of a home, which already costs about 11 times the average British salary, to £302,400, or $618,000.

Some day we’ll beat Britain. Some day.

Comments (4) -- Posted by: burbed @ 10:35 am