6+ br/3 ba for just $469,900! Some TLC required in San Jose
Reports
560 MINOR AV
San Jose (San Jose) 95125
Detached Single Family (Class 1)
Bed/Bath: 6 / 3
SqFt: 2,316
Lot: 5,227 sq ft
Age: 108 years
List Price: $469,900
Assoc Fee:
Great investment property. Property needs work but it’s all worthed. Contractor’e dream!
This property makes a great rental investment. Needs TLC. To be sold As Is.
Wow… just think… you could rent out each room for $1000 to a student, and boom: $6000 revenue a month!
I especially like the door going to the basement bedroom – I think you could definitely charge extra for that gem! You know who might like that room?
All this needs is some minor repair. It’s all worthed! Giggity!
(Thanks to Burbed reader Brendan for the find!)
March 17th, 2008 at 7:01 am
I think they meant, “needs some TNT.”
March 17th, 2008 at 7:16 am
Why does the house need “The Learning Channel?”
March 17th, 2008 at 7:34 am
If a house needs to be teared down, who cares how many + br/ba there are.
March 17th, 2008 at 7:41 am
Wow, 100+ years old and comes with a dungeon?
Have the RE agents considering going to the Megan’s Law site and seeing if any fine, upstanding sex criminals want the place? It seems a perfect fit.
March 17th, 2008 at 8:16 am
This is really a great house! So much to say.
At first glance, I was certain that this was an Oakland home, but, oh, was I wrong! Burbed, I smell a new game show: “Oakland or San Jose”. The prizes could be a great deal on web hosting.
The garage door looks a bit small, how does a car fit in there?
The plywood on the windows is actually a new trend, blocking out the cancer causing natural light. With the plywood already installed, you will not have to do it yourself, saving tons of money on greedy contractors!
March 17th, 2008 at 9:19 am
No; “Oakland, San Jose, London, or Fallujah?”
March 17th, 2008 at 9:53 am
This amazing home has been foreclosed *twice* in the last two years.
1/18/2008 $597,387 Trustee’s Deed upon Sale Resale Recontrust Co Na Deutsche Alt-A Secs 2007-Ar3 672171190
12/20/2006 $690,000 Grant Deed Resale Aurora Loan Services LLC Williams, Theodore 526344505
5/26/2006 $672,757 Trustee’s Deed upon Sale Resale Robert E Weiss Inc Aurora Loan Services LLC 398223110
5/12/2004 Grant Deed Resale Lee, Tai W Lee, Tai W & Cindy 273924651
4/30/2004 Grant Deed Resale Lee, Cindy Lee, Tai W 273923766
4/30/2004 $550,000 Grant Deed Resale Hernandez, Marco A & Angela A Lee, Tai W 273924866
8/1/2001 Grant Deed Resale Hernandez, Marco A Hernandez, Marco A & Angela A 273926761
6/19/2001 Grant Deed Resale Arechiga, Brian A Hernandez, Marco A 273940744
1/9/2001 $500,000 Grant Deed Resale Arechiga, Brian A Hernandez, Marco A 273936968
1/9/2001 Grant Deed Resale Hernandez, Angela A Hernandez, Marco A 273935817
10/27/1995 Resale Arechiga, Brian A Arechiga, Brian A 273938398
10/23/1995 Grant Deed Resale Delang, James J & Mary J Arechiga, Brian A 273929052
2/1/1995 $102,000 Grant Deed Resale Carrillo, Juan Arechiga, Brian A 273928440
March 17th, 2008 at 10:08 am
Husband killed wife and children in this house, then hung himself. Yup! that’s why the prices go so low. The dead body chalk outline is still visible. that’s why windows are covered up.
March 17th, 2008 at 10:29 am
Didn’t surprise me to see where this house was: nestled between 280, 87, and the Caltrain tracks. It’s technically Willow Glen, but nobody will confuse it with the real thing.
March 17th, 2008 at 11:12 am
man look at the size of that lot, knock that f*cker down and put in its place a post-modernistic B/S house, what a great value!
March 17th, 2008 at 12:43 pm
The blurb is straight out of “Flowers for Algernon” — today i ,!!. discoverd .!! punctuashun.,!!…
Used House Salesmen are a step down on the evilutionary ladder though so it makes sense they can’t spell.!!..,!,!.
March 17th, 2008 at 3:21 pm
Wow… just think… you could rent out each room for $1000 to a student, and boom: $6000 revenue a month!
————-
Alternately you can make it a Winchester Mystery House which will bring lot more revenue than $6000. Think about million of people paying entry fee $30 ($28 with AAA discount). I am smelling instant equity.
My recommendation for the name: “Arechiga Mystery House”.
March 17th, 2008 at 6:47 pm
Pralay: But don’t you DARE forget that senior citizen discount. I am old, I have nothing at all to do with my time, I can stand here all day and argue with you until you give me the discount that I DESERVE because I’ve performed the amazing accomplishment of not dying!
March 17th, 2008 at 7:49 pm
The house is also at the end of a cul-de-sac… there’s an overpass nearby where drug deals and prostitution go down, or so I hear. Anyway, one of the overpasses near that giant cloverleaf, anyhow – I can never keep track.
For a good view, check out the street view on google:
http://maps.google.com/maps?q=500+Minor+Ave,+San+Jose,+C.A.+95125,+USA&sa=X&oi=map&ct=title
March 17th, 2008 at 8:28 pm
Pralay: But don’t you DARE forget that senior citizen discount. I am old, I have nothing at all to do with my time, I can stand here all day and argue with you until you give me the discount that I DESERVE because I’ve performed the amazing accomplishment of not dying!
————–
Here you go! You already started arguing even before I finalized my plan about making Arechiga Mystery House. Well, I have grand plan for senior citizens. There will be Senior Citizen Day every month – the very next day after they get their Social Security check. Slot machines, drinks, foods – everything discounted.
Do I sound unoriginal?
March 17th, 2008 at 8:50 pm
No cooling system makes sense, but no heat, either? It’s not THAT warm in SF in winter… how the hell have the residents been living?
March 17th, 2008 at 9:11 pm
You know I have been seeing this thing for so long on my MLSlisting searches I almost forgot how bad it was. As somebody else correctly pointed out, it is directly under 3 freeways. I’m surprised police haven’t torn it down for fear of it developing into a crack house, but I guess thats what the boarded up windows are for. It is now under new management by Countrywide.
March 17th, 2008 at 9:15 pm
BTW the Zestimate is 943K.
And this was listed last month at 550K, probably pre foreclosure. So now its an even BETTER deal, at 450K- less than HALF the Zestimate! Interesting this is referred to as a “cabin” style. I guess boarded up windows = cabin.
March 18th, 2008 at 2:16 pm
While redfin has a lower price of $459K, there’s a couple of interesting notes on the property:
Wonder what’s in the seller’s addendum, and I just bet the county record shows a “different” number of bedrooms.
This place sold for $500K in January, 2001! I just love the Spring Bounce, not to mention the untapped equity. Act now or be priced out forever!
sg, where are you getting the detailed sale info with names?
March 18th, 2008 at 4:05 pm
densityduck,
Don’t forget, Pralay is unemployed. He has just as much time as you do.
March 18th, 2008 at 9:36 pm
Don’t forget, Pralay is unemployed. He has just as much time as you do.
————
Apart from unemployment, you forgot another part – “Priced Out Forever”
On the other hand, it seems someone has plenty of idle time to spread misinformation and lies. Got to be having pretty bad time for real estate business!
March 25th, 2008 at 8:37 am
Friday’s Willow Glen Resident (local free newspaper) had this house front and center in an article. Unfortunately, it wasn’t the beautiful-house column.
“Vacant Houses Worry Neighbors, Invite Trespassers”, page 7, March 21. The city boarded it up on March 12 after finding graffiti and signs of trespassing; it had already been boarded up on December 3, but the earlier boarding-up had only been for some windows. The second visit boarded up the back door and some additional windows. The house has been the topic of neighborhood meetings, and not the pleasant, barbeque kind either. Here’s a nice line (except for the mixed metaphor) from one of the neighbors.
“You shouldn’t have a house treated like a cheap prostitute with a landlord in another city. We’d like to see a family in there instead of running the teenagers out.”
Strangely, the owner… er, previous owner… never responded to the city when they tried to get in touch with him pre-foreclosure, and his phone has been disconnected. In a nice bit of reverse-speculation, the previous owner lived in Fresno. I wonder if he was just trying to get revenge for some absentee landlord from San Francisco who had abandoned a house out in Fresno?
There’s also mention that San Jose’s code enforcement depatment is making a new form that they can staple on abandoned buildings so the neighbors know that code enforcement’s visited, what they’ve demanded the owners fix, and what’s been done. One of the city inspectors mentioned “… with the economy changing, the [number of vacant houses] is growing. I have fifty active cases, and three more came in today. We’re touching the tip of the iceberg.”
Gotta get me some of those forms for April Fool’s Day.
March 25th, 2008 at 3:27 pm
Another 20K reduction today to 449K. typical REO, if the bank wanted to sell this, they would price it at 200K (if that) and dump it. Do they really think a 20K price reduction is going to move this?