December 4, 2007

Free limo with purchase of lucky $888 house!

MLS-2.com: Property Details
2318 FLORES ST, SAN MATEO,CA,94403 – $888,000

2318flores.jpg

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5 Beds 0 Sq.Ft. Aprx. 2 Car Garage MLS#: 741885
3.0 Baths 5,720 Lot Size 80 Yrs Old Aprx. List Date: 2007-07-27

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

Description – 2318 FLORES ST, SAN MATEO,CA,94403
BAYEAST/SECUREDREALTY/40285115* HOME HAS BEEN REMODELED: DUAL PANE WINDOWS LIVING RM W/HARDWOOD FLR,KIT W/GRANITE CNTRTP, & TILE FLR, LANDSCAPED BACKYARD W/JACUZZI THAT FITS UP TO 10 PEOPLE. VERY CLOSE TO HILLSDALE SHOPPING CENTER.

Oh… whoops… I really thought that this house came with the limo. I mean, after all, it’s the lucky price of $888,000!

Well, let’s take a look at the remodel work that this house has had:

2318floresb.jpg

Wow… check out that remodelled kitchen!  There’s alot of things I could say about it – but for now, I’ll just say that it’s quite unique. Wouldn’t you agree?

Comments (16) -- Posted by: burbed @ 5:00 am






December 3, 2007

20% loss on this San Jose house – or not!

560 W Virginia St, San Jose, CA 95125 – Property Details.
560 W Virginia St, San Jose 95125 (Willow Glen)
560wv.jpg
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$525,000* Status: Active
* Bedroom: 2
* Bathroom: 2
* Year Built: 1938
* Lot Size: 6098
* Square Footage: 1296
* List Date: 10/31/2007
* Parking Spaces: 0
* MLS#: 760882
*

DESCRIPTION -
560 W Virginia St, San Jose
Fixer upper 2 bed/2 bath in downtown San Jose. Older Victorian home that was built in 1938. Needs some work, however, a great buy for an investor or handyman.

Thanks to Burbed Reader Brendan for this find. (Thanks to Chris for submitting it as well!)

Brendan had originally sent this comment:

Nice 3rd world country home

But there’s more to the story than just the strange pic on the front. Let’s see what Zillow has to say:

Sold 02/28/2006: $660,000

Uh, but the current listing price is $525,000.

Those crazy bubbleheads and their Main Street Media will tell you that this means the owners just lost 20% – that this house has appreciated -$221 per day.

Burbed, your voice of reason, has two thoughts:

1. This offer price was set low on purpose to encourage a bidding war. The current ZEstimate is $730,659 – and that’s probably what will happen after the 21982340 offers pile in.

2. Maybe this house really will sell for a loss. Which makes sense because… well… San Jose really isn’t part of the Bay Area anymore, if you know what I mean.

What do you think will happen?

Comments (11) -- Posted by: burbed @ 5:00 am