December 31, 2007

$1097 per square foot in Mountain View on Latham St

2007 wasn’t the greatest year in real estate for the Bay Area. Let’s hope that we can return to our rightful 15% year appreciation.

I’ll end 2007 on a positive note:

Reports
1264latham.jpg
Property Overview
1264 LATHAM ST
Mountain View (Mountain View) 94041
Detached Single Family (Class 1)
Bed/Bath: 2 / 1
SqFt: 728
Lot: 3,049 sq ft
Age: 82 years
List Price: $799,000
Assoc Fee:
Adorable Moutain View Classic Cottage
Come see this craftsman style cottage near down town Mountain View. Ready to move in.

That’s right my friends: $1097 per square foot. If that’s not a reason to break out the champagne, I don’t know what is.

See you next year!

Comments (9) -- Posted by: burbed @ 5:57 am






December 28, 2007

“Story Book” house in San Mateo

Reports414w.jpg

414 WILLIAMS PL
San Mateo (San Mateo) 94401
Detached Single Family (Class 1)
Bed/Bath: 2 / 1
SqFt: 900
Lot: 2,542 sq ft
Age: 78 years
List Price: $799,000
Assoc Fee:
Remarks
“STORY BOOK” ON A CUL-DE-SAC NEAR DOWNTOWN SAN MATEO. 2 BEDROOM 1 BATH. CHARMING GARDEN AND PATIO.

Hm, what story does this remind you of? The 3 Little Pigs? Little Miss Riding Hood? Jack and the Beanstalk?

“I’ll huff and I’ll puff and I’ll blow this house financed with a 0% down NegAm NINJA loan down!”

Fairy Tales of the New Century!

Comments (9) -- Posted by: burbed @ 5:05 am

December 27, 2007

“Property seems to have no structural problems”

MLS-2.com: Property Details
1324 SEVIER, MENLO PARK,CA,94025 – $485,0001324sev.jpg

3 Beds 1130 Sq.Ft. Aprx. 1 Car Carport MLS#: 754019
1.0 Baths 5,750 Lot Size 61 Yrs Old Aprx. List Date: 2007-09-25

What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”

Description – 1324 SEVIER, MENLO PARK,CA,94025
Great home for contractor to fix and live in. Also great investment property. Property seems to have no structural problems. Property minutes away from Stanford and close to shopping and schools. Still Accpeting Offers Subject to Short Sale. Loan Recently Transfered to another Servicing Company and Short Sale Package is complete. Hurry and submit offers.

Sweet! There seems to be no structural problems. And at such an amazing price. You should definitely submit offers. I’d offer $500,000 and $600,000 just to be on the safe side – if you’re going to lose, you might as well lose to yourself!

And once you get the keys, you can phone up ol’ mom and dad and say “Guess what! I’m a home owner in the Famous Bay Area! Check out these sweet pics!”

1324sevb.jpg

Trust me. They’ll be crying.

I swear, there should be a Hallmark card for moments like this!

Comments (17) -- Posted by: burbed @ 5:25 am

December 26, 2007

This Realtor reveals the secret to gaining wealth

MLS-2.com: Property Details
740 6TH, Redwood City,CA,94063 – $469,0007406a.jpgTotal 8 photos: Previous Next

2 Beds 720 Sq.Ft. Aprx. 1 Car Garage MLS#: 758516
1.0 Baths 3,000 Lot Size 52 Yrs Old Aprx. List Date: 2007-10-19

What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”

Description – 740 6TH, Redwood City,CA,94063
GREAT VALUE FOR THE CHARMING 2-BED 1-BATH IN DESIRABLE (FRIENDLY ACRES) WITH NEW ROOF, HARDWOOD FLOORS & CONVERTED GARAGE. STOP THROWING YOUR MONEY AWAY BY RENTING WHEN YOU CAN OWN THIS DIAMOND IN THE ROUGH. BECOME A BAY AREA HOME OWNER AND TAKE ADVANTAGE OF THE SOFT MARKET AND BEGIN GAINING WEALTH. (BUY LOW-SELL HIGH)

HOLY SH&T! That’s the secret to gaining wealth? BUY LOW-SELL HIGH?

How come no one ever told me this!

OMG.

Thank you Realtor. You’re right. Buying this house is going to make me wealthy! I’ll be sure to think of that everyday as I sit in my living room/dining room/kitchen admiring the amazing architecture of this house investment:

7406ab.jpg

Oh, btw, this house last sold on 9/12/2003 for $437,000. That’s some sweet appreciation here.

You too can be like the current owner and PROFIT PROFIT PROFIT.

Thanks to Burbed reader Hedda!

Comments (6) -- Posted by: burbed @ 5:12 am

December 25, 2007

Merry Christmas – Are you eating? Let’s talk groceries!

Merry Christmas! I hope Santa delivered you the mortgage bailout federally guided assistance that you asked for!

I’m sure you’re feasting today, so I’m going to be lazy and reprint the post from Thanksgiving. Have a great day!

Last year I had the ultimate Thanksgiving Price Shootout on this blog: Using safeway.com’s website, I compared the prices of a hypothetical Thanksgiving shopping list between the Bay Area and Seattle/Redmond area.

Also known as “Zune vs iPod, Wii vs PS3″ since Sony/Apple are either based in, or have significant operations in the Bay Area, versus Nintendo and Microsoft which are in Seattle/Redmond. I guess I could’ve also called it Google vs Microsoft, but that seems so cliche.

Anyhoo, here are the prices for this year! Again, I compared prices of the exact same item in the Bay Area vs Seattle/Redmond. I also tried my best to pick items without coupon deals (the only exception was stuffing – crazy sale on stuffing right now!). Also, if you compare to last year, the prices won’t match – in part because I may have picked different brands/items last year. For example, this year I went for Roma tomatoes – I think last year I picked beefsteak tomatoes.

That said, it’s the same general list otherwise. Here we go!

Item Bay Area Redmond Difference
Turkey $24.21 $24.21 0%
Yellow Onions $0.74 $0.59 -25%
Celery $0.99 $1.19 17%
Cranberries $3.99 $3.49 -14%
Oranges $4.99 $4.99 0%
Garlic $0.50 $0.69 28%
Lemons $1.50 $0.99 -52%
Green Beans $1.49 $1.26 -18%
Pork Sausage $3.69 $3.19 -16%
Eggs $3.79 $3.39 -12%
Milk $4.59 $2.69 -71%
Corn $1.49 $1.26 -18%
Olive Oil $12.99 $8.99 -44%
Chicken Broth $3.25 $2.79 -16%
Flour $2.79 $2.49 -12%
Sugar $3.49 $3.49 0%
Ginger $0.80 $1.40 43%
Pecans $6.89 $6.19 -11%
Salt $0.79 $0.79 0%
Rosemary $1.99 $1.99 0%
Honey $3.00 $2.50 -20%
Black Olives $1.39 $1.29 -8%
Green Onion $0.99 $0.66 -50%
Pumpkin Pie $6.49 $5.49 -18%
Spinach $3.69 $3.29 -12%
Grape Jelly $3.51 $2.95 -19%
Butter $2.49 $2.39 -4%
Biscuits $2.15 $1.55 -39%
Tomatoes $0.60 $0.46 -30%
Orange Juice $6.79 $5.69 -19%
Potatoes $3.99 $3.69 -8%
Carrots $1.49 $1.29 -16%
Rice $3.66 $3.47 -5%
Grey Poupon $4.42 $3.39 -30%
French Fries $4.39 $3.59 -22%
Ketchup $3.29 $2.79 -18%
Stuffing $2.00 $1.50 -33%
Ham $4.79 $3.99 -20%

Difference: Bay Area is 16% more expensive

(BTW, I’ll never understand why milk is so much more expensive here…)

This is pretty disappointing frankly. Last year the difference was 20%. This means either that Seattle/Redmond has gotten more expensive, or the Bay Area has gotten cheaper.

At this rate, the prices might be the same – that would be a disaster! Would high housing prices, and a 9.3% state income tax (that keeps our roads in fantastic condition) be enough to keep the Bay Area as special as it is?

Of course if you leave the the Bay Area, you’ll find that they don’t have any Chinese restaurants, Korean restaurants, Japanese restaurants, Thai restaurants, Vietnamese restaurants, gays, smart people, guacamole, tech companies, snow sports, hiking, mountains, liberals, In-n-outs, or 9 months of sun. And let’s not forget our cheap housing, amazing public schools, great roads, low taxes, and lack of traffic.

Here’s to hoping that 2008 will be more expensive!

Happy Thanksgiving!

Comments (7) -- Posted by: burbed @ 5:41 am

December 24, 2007

The Cupertino of New York – Herricks house prices

It’s Christmas Eve! Whenever I think of Santa, I think of Miracle on 34th St. And that reminds me of Macy’s and New York.

Sure I could jump the shark and do a New York vs San Francisco post like this guy did, but let’s face it – SF would win by a landslide. After all, SF is safer, you never need a car, has great magnet public schools, has a diverse economy, low taxes and no taxes on clothing, is the only place with diversity and gay rights, the most and the best colleges, only place with diversity, and has mild weather. Oh, and we’ve got Fisherman’s Wharf and Pier 39!

Instead being that this is Burbed.com – let’s focus on the ‘burbs. Here, we have the shining star of Cupertino – the anchor of The Real Bay Area. So let’s look a comparable suburb city of Manhattan: Manhasset Hills.

They’re both pretty similar in distance from The City (ok, the Cupertino one is twice as far), they’re both solidly upper-middle class, and they both have great schools – heck, the high schools even have pretty similar racial/ethnic demographic – yes that’s right, the high school for the Manhasset Hills house below is 47% Asian!

So let’s take a look shall we?

The Cupertino contender, located 44.7 miles from the Macy’s in San Francisco’s Historic Union Square:

MLS-2.com: Property Details
10260 ORANGE AV, Cupertino,CA,95014 – $1,098,000

10260o.jpg

3 Beds 1015 Sq.Ft. Aprx. 2 Car Garage MLS#: 701195
1.0 Baths 7,405 Lot Size 62 Yrs Old Aprx. List Date: 2007-01-09

What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”

Description – 10260 ORANGE AV, Cupertino,CA,95014
Best Cupertino Schools, Large Lot, Very Close to Monta Vista High School Nice Open and Sunny Lot, Ready for your plans.

Alright… so far so good. We have a $1 million dollar house on a 7405 lot that is ready for you to tear down and build your dream house. So far Cupertino is in the far lead!

Let’s look at Manhasset Hills – located 18.4 miles from the Macy’s in boring and jobless Manhattan:

MLSLI.com – Find a Home
MANHASSET HILLS
List Price: $1,059,000

manha.jpg

Single family, 7 room Split
3 Bedrooms, 3 Full Baths 1 Half Bath
Gas, Hw heating
A/C: Cac
Detached Stucco construction
Year Built: 1963
School Dist: Herricks
Lot: 73 X 115
Appearance: Diamond

GAH! Who wants that? A Diamond appearance? An 8000 sqft lot? 3 br/3.5 ba? How will you be able to build your own home when your home already looks like this? Boo! Hiss! Ridiculous.

See, another reason why Bay Area real estate is so expensive: you have the freedom to do what you want!

I don’t know why I even posted this – it was obviously going to be a landslide in favor of Cupertino. Don’t you agree?

Which would you prefer Santa to deliver to you tonight, readers?

Comments (8) -- Posted by: burbed @ 5:28 am

December 21, 2007

$1 million, 500 sqft, Belmont – panic room in the Bay Area?

MLS-2.com: Property Details
3858 W Naughton AV, Belmont,CA,94002 – $995,000

3858bel.jpg1 Beds 917 Sq.Ft. Aprx. 2 Car Garage MLS#: 765725
1.0 Baths 12,750 Lot Size List Date: 2007-11-30

What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”

Description – 3858 W Naughton AV, Belmont,CA,94002
Brand new Mediterranean hideaway on 12,750 sq lot. 500 sq ft living (NO TYPO-500 SQ FT) Secluded cul-de-sac location. Unobstructed San Francisco Views. Extensive deck space w/outdoor fireplace. Under construction now! Estimated completion February 2008.

That’s right folks – not a typo! Sure it says 917 sqft in the listing, but really it’s 500 sqft. This is important because in the Bay Area, we’re so into the environment that we look for smaller places so we can buy less stuff and be more green.

Here’s what I’m guessing, the house itself is 500 sqft, but the garage is 417 sqf – hence the 917 sqft. Just check out the picture above! That’s huge! It’s almost big enough for a second residence (nudgenudgewinkwink).

Either that, or maybe the 500 sqft is above ground, but the remaining 417 sqft is below ground – you know, part of your “hideaway” as mentioned above. Can someone say, panic room?

Thanks to Burbed Reader Ed for this find!

Comments (23) -- Posted by: burbed @ 5:40 am

December 20, 2007

Redwood City house that needs to be tinted due to termite damage

MLS-2.com: Property Details
2793 BLENHEIM AV, Redwood City,CA,94063 – $399,000

2793blen1.jpg

Total 9 photos: Previous Next

3 Beds 800 Sq.Ft. Aprx. Garage-Converted MLS#: 708193
2.0 Baths 2,625 Lot Size 52 Yrs Old Aprx. List Date: 2007-02-19

What’s new on MLS-2: Search by % Price Drop // Search by “MOTIVATED SELLERS”

Description – 2793 BLENHEIM AV, Redwood City,CA,94063
3rd bed 2nd bath no permits, roof needs to be replaced, lots of termite damage, needs to be tinted. lots of code violations.laundry in back no permits. bring your tools for this one! Property is being sold as-is!

Thanks to Burbed reader Geoff for pointing this one out. Wow… I hate when termites make your house so washed out, that it needs to be tinted.

But wait, Geoff mentioned this house because he had previously seen it on this site. He’s right! In fact, it was featured back in July!

Hm, it seems the description has changed a little bit since then:

BEST VALUE IN RWC!!!! IMMACULATE HOME, RECENTLY REMODELED! CHERRY KITCHEN CAB, HARDWOOD FLR ENTRY, LAUNDRY IN BACK, C/FANS IN EVERY ROOM GREAT FOR FIRST TIME BUYER, INVESTOR OR CONTRACTOR, ZONED R2

Wow… a 22.5% price chop. Redwood City is definitely in danger of falling out of The Real Bay Area!

Oh, more bad news- according to zillow, this house last sold on 3/16/2004 for $460,000.

Ouch, a 13% loss. I guess they’re making more land in Redwood City after all!

Comments (17) -- Posted by: burbed @ 5:13 am

December 19, 2007

SFGate: Bay Area is too Expensive. Burbed:Bay Area is too Affordable [Burbed.com]

The other day, a commenter named Martin posted this (edited) comment:

SFGate: Bay Area is too Expensive. Burbed:Bay Area is too Affordable [Burbed.com]
Look at this house:
http://www.movoto.com/real-estate/homes-for-sale/CA/Daly-City/1125-Hanover-St-100_728944.htm

I selected a decent house in Daly City. It costs $514,900. Other houses before this one I consider a junk.
Sorted by price from low to high. So, it’s 9th, out from 339.

[snip]

A tiny amount has a household income above 150k.

So, what can justify this kind of house pricing???!
Why it costs so much and who can afford it???!
Daly City is a dirty neighborhood with a worst weather on a peninsula.

I wouldn’t buy this house even for 100k!

Let’s look at the house he found:

 1125han.jpg

Hey that looks familiar!

Why, it’s from the famous “Yellow house that had me at hello” post from back in August…

And the original post back in January:

Wow! What a wild year it’s been!

Come on Martin – this house has already been reduced 39%. Buy it! It was meant for you!

Comments (15) -- Posted by: burbed @ 5:06 am

December 18, 2007

What does $399,950 buy in Newark – awesome kitchen!

6340 Noel Ave, Newark, CA 94560 – Property Details.
6340 Noel Ave, Newark 94560 (Others)

6340noel.jpg

$399,950

* Status: Active
* Bedroom: 3
* Bathroom: 1
* Year Built: 1953
* Lot Size: 5100
* Square Footage: 752
* List Date: 10/30/2007
* Parking Spaces: 0
* MLS#: 40306857
*
DESCRIPTION -
6340 Noel Ave, Newark
OPEN HOUSE SUNDAY, 11/4/07, 1-4 PM. SWEET STARTER HOME ON LARGE LOT. GOOD NEIGHBORHOOD, CLOSE TO SHOPPING, COMMUTES, TRANSPORTATION. GARAGE CONVERTED TO 3RD BEDROOM. BRING YOUR HANDYMAN SKILLS AND MAKE THIS HOME YOUR OWN.

Now as we all know, Newark technically isn’t in The Real Bay Area. After all, the median price there is below $690k.

But still, Burbed reader Peter thought it would be nice to share this entry. And I agree. For those not fortunate enough to make more than $125k a year, this is a good opportunity for you to at least live near The Real Bay Area.

In particular, Peter called out the kitchen – let’s take a look:

6340b.jpg

Wow, is that retro chic or what?  $399k for 752 sqft, includes this? Sold, sold, sold.

If I were you, I’d keep it exactly like this – they don’t make appliances like that anymore, and thus it can go only up.

Or at the very least, you can donate this kitchen to the Smithsonian and get a big write off!

Comments (9) -- Posted by: burbed @ 5:56 am