MLS-2.com: Property Details
1154 CARLTON AV, Menlo Park,CA,94025 - $387,500

3 Beds 890 Sq.Ft. Aprx. 1 Car Garage MLS#: 760479
1.0 Baths 6,000 Lot Size 52 Yrs Old Aprx. List Date: 2007-10-31

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

Description - 1154 CARLTON AV, Menlo Park,CA,94025
HUGE POTENTIAL IN THIS RANCH HOME LOCATED ON A TREE LINED STREET. PERFECT HOME FOR A CONTRACTOR/INVESTOR. HOME FEATURES A COVERED PATIO, LARGE FENCED FRONT YARD, EXTRA STORAGE, SPACIOUS REAR YARD AND TILE FLOORS IN THE KITCHEN.

Just like February 29ths don’t happen all that often, neither are homes in Menlo Park under $400k!

WOW. WOW. WOW. Let’s see another picture:

Wow! It even has an outdoor… uh… yeah. Well, um… yeah.

I’m speechless. What caption would you give this picture?

In any case, this is the deal of the century. If you’re not putting in your bid right now, I don’t know what you’re doing. Add in a little sweat equity (you picked up skills from volunteering at Habitat for Humanity right?) and boom! Instant Prime Menlo Park $900k home.

Go for it today!

Reports
MLS: 769130

Property Overview
18840 NEWSOM AV
Cupertino (Cupertino) 95014
Detached Single Family (Class 1)
Bed/Bath: 3 / 2
SqFt: 1,249
Lot: 6,098 sq ft
Age: 53 years
List Price: $850,000
Assoc Fee:
Remarks
BEST BUY EVER!!Do Not Wait! This Incredible Home Condition with 3 Bed. 2 Bath House is Waiting for a New Excited Owner Situated in Cupertino on a quite street and great schools Highly Motivated Seller!!! offers to be presented as they come in.

Another day, another amazing listing in Cupertino. This Incredible Home Condition is on a quite street - amen to that!

Let’s take a look at this amazing condition shall we?

Wow… gotta love that backyard. Nothing says pride of ownership like that!

Well, better put your bid in soon - after all, they’re being presented to the owner as fast as possible. It’s like sudden death overtime in the NFL - do you want to be a winner, or a loser?

Shea Homes halts development in Santa Clara, Mountain View - Silicon Valley / San Jose Business Journal:
Shea purchased both sites about two years ago when condo sales were still strong and the local economy was generating jobs.Shea’s project manager for the developments could not be reached but a message on the company’s Web site states there is a “temporary construction hold” on the projects. It cites current market conditions as the reason the developer has decided to hold off on any further development.

Are they f’ing kidding me? The local economy isn’t generating jobs? Hello, Apple/Google/Facebook are still hiring like crazy. Even Yahoo is hiring (srsly). Most of the In-n-out’s are hiring too.

I don’t know what evil nefarious agenda Shea Homes has, but clearly they hate the Real Bay Area and are acting as economic terrorists. A cynic would have to wonder if they’re doing this to get concessions from the City of Mountain View.

A non-strong local economy. A local economy that isn’t generating jobs. Pfh. Shea Homes is probably just jealous that they’re not a Web 2.0 company, or one focused on Mobile GPS UGC SOA. Haters.

That said, they are doing the right thing. Do we really need more homes in Mountain View? If anything, they should be tearing down homes. They should be taxing renters to buy out existing homeowners, and tear those houses down. Do we really want Mountain View to be Condo View? Good grief.

Thanks to Burbed reader Pralay for the find.

MLS-2.com: Property Details
10370 CALVERT, CUPERTINO,CA,95014 - $799,888

3 Beds 1078 Sq.Ft. Aprx. 1 Car Carport MLS#: 754350
2.0 Baths 5,586 Lot Size 55 Yrs Old Aprx. List Date: 2007-09-27

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

Description - 10370 CALVERT, CUPERTINO,CA,95014
Looking for a Diamond in the rough * Cupertino Schools district * Million dallars homes all around * Price includes Plan for one story home approx.2600 sq.ft.* Excellent opportunity for first home buyer,for investor or contractor * Well maintained home * Enclosed utility room in the back * As-is Sale * Escrow ; First Amererican Title #2904366 * Call agent 650-269-4211 regarding for the offer.

Wow… this house is great for contractors and investors - and it’s well maintained! One could say that’s impossible, or that’s ironic, but then one wouldn’t know how special Cupertino is.

Cupertino - expect the contradictions!

Let’s see what else… oooh, the area is full of million “dallar” houses! Sweet! That means this house is a million too! Can you say instant equity? Plus, the price ends with 888! That means the house has luck and is sure to appreciate.

Finally, it’s got excellent feng shui - look at how you can see straight through the house to the backyard from the front. If this isn’t worth a million dallars, I don’t know what is.

Reports
2325 HASTINGS DR, Belmont 94002 (Belmont)
$1,029,888 Beds: 3 bed(s) Baths: 2 1/2 bath(s) MLS: 756109

Property Overview
2325 HASTINGS DR
Belmont (Belmont) 94002
Attached Single Family (Class 1)
Bed/Bath: 3 / 2 1/2
SqFt: 2,210
Lot: 3,232 sq ft
Age: 31 years
List Price: $1,029,888
Assoc Fee:
Great Belmont Hills Neighborhood * Bargain Priced $230,000 Below Last Sale of Same Model Type on Same Bay and City Lights View Side of Street
This is a beautiful view home with bay, city lights, canyon and mountain views. Lovers of nature will enjoy the daily deer sightings just off the spacious back deck or from the private balcony of the huge master suite. This is a fantastic neighborhood with a little tike park located just up the street from the home. The current schools are the finest in Belmont with 2006 API Test Scores of 915 for Fox Elementary, 858 for Ralston Intermediate and 791 for Carlmont High School. This compares favorably with the statewide average of 721 and the San Carlos Elementary School District’s 873 average. This luxurious home has just been painted and also has new carpet to go along with the hardwood floors. Customize the home by changing out the original appliances in the kitchen. The yardwork is minimal aside from mowing the front lawn. A private enclosed courtyard is ideal for a fountain, garden, child’s play or pets and the backyard is nearly maintenance-free. This home is priced $230,000 less than the last sale price (September, 2007) of $1,260,000 for the same model home type on the same side of the street in pristine shape. This is an opportunity to create well over $100,000 of instant equity in your new home. Call Robert today to take advantage of this special opportunity.

Burbed reader Edward sent this in… apparently he feels that I give too much love to Redwood City and San Jose. I suppose so.

In particular, Edward was amazed that you could buy 3 deer for $1 million - he forgets that they’re very special deer. Probably the most open minded, Web 2.0 savvy deer there is.

Personally, I’m a bit surprised at the ad: look at that instant equity! How can any one resist. Buy it, refi it, and boom - suddenly you’ve got enough money to invest in assets like a nice car to go with your new millionaire status!

How can any one resist!

Thanks Edward!

Thanks to Burbed reader Sourav for this find:

Very Clean - Beautifluly Remodled Home ++Pics++
1200 / 2br - Very Clean - Beautifluly Remodled Home Pics (east palo alto)

2164 Poplar Ave, East Palo Alto

This Bungalow style home is located in East Palo Alto. This cozy home is conveniently located near shopping and transportation and the trendy University Avenue area.

The home has 2 bedroom and 1 Bathroom. The House also has been fully remodeled with new paint, granite counter tops, and a large front yard patio.
• Pets are negotiable. • Lease negotiable • AVAILABLE NOW • Security Deposit $1200.00 Please Drive by unit and take a look. If you have any questions please feel free to call 650 270 6869 or 650 344 4066 or just reply to this add.

Hey that seems familiar! Let’s take a stroll down memory lane!

February 2006:

July 2006:

Now:

Now:

Hm… let’s say you put down 10% - thus your 30 year mortgage would be $2181.76 alone. But yet rent is $1300 a month.

Where does that $881.76 a month go? I’m terribly confused - can someone help explain?

I was thinking of this comment from the other day:

Proof that Palo Alto is prime: $1204 per square foot. [Burbed.com]
Real Estater Says:

My answer is: Who cares where prices will be in 2011? All you need to know is that prices will double in about 10 years.

Don’t invest in those other places outside of the Bay Area. There’s no cool jobs, no smart people, no diversity, no ramen noodles, no Pho’, therefore, no doubling in price every 10 years.

No doubt it’s special in the Bay Area, especially Palo Alto - so let’s think about what would happen if house prices doubled in 10 years. Let’s assume that a nice starter home in Palo Alto costs about $1 million, and that a typical engineer in Palo Alto makes $150,000.

We’ll have to assume a 7.2% YoY appreciation for homes to reach doubling, and let’s assume that the engineer gets a 5% YoY raise:

Hm, if this happens, the price/income ratio is a mere 6.x today, but would increase to 8.2x in 2018.

Now, a few things could change… raises could soar, stock options could soar, and obviously the assumption that there is 7% YoY appreciation is low -so that will soar.

Can you afford the risk of being priced out forever?

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