April 30, 2008

21% price cut in Milpitas – which is why it’s not in the Bay Area

385 Carnegie Dr, Milpitas

385 Carnegie Dr, Milpitas image
Photo: << 1 2 3 4 5 6 7 8 >> All
$469,000

* Status: Active
* Bedroom: 4
* Bathroom: 2
* Year Built: N/A
* Lot Size: 5663
* Square Footage: 1436
* List Date: 5/22/2007
* Garage Spaces: 1
* MLS#: 727905
Well Located lots of room for your Dreams! Perfect home with converted garage! Beamed ceilings, open floor plan, Dual Pane Windows, Marble Shower Surround in Setting for growing family!! Nearby schools, shopping and freeways!

I’m not sure why the price of this house has dropped. It’s in Milpitas. It’s within listening distance to 680. It’s got a Marble Shower Surround in Setting for growing family! I mean, come on – how often is it that you can buy a place with a shower where your growing family can fit into!

Let’s take a trip down memory lane and see what this looked like last year:

Milpitas is so prime, so special, so great weather that I just had to share this house with you. You see, it sold on 4/4/2007, for $525,000. And then, the new owners wanted to give back to the community, by allowing you to buy it – so they put on the market on 5/22/2007 for $599,900.

That’s just $1,560 appreciation per day – nothing out of the ordinary for a place as special as Milpitas.

Gosh how time flies. Some day Milpitas will be back in the Bay Area. Some day.

Comments (86) -- Posted by: burbed @ 5:39 am






What should RenterBob do? Good schools in the Bay Area?

If Francisco and Misty Morales can afford a home on Sleep on It in San Jose… [Burbed.com]
RenterBob Says:
April 27th, 2008 at 2:07 pm

It’s fun to be making silly comments when you guys not out shopping for houses. I’ve been in the market for 6 months now, and the only reason I’m still a renter is because I’ve been outbid 3 times, once last year and twice this year so far. Things are very tough out there, and it can be an emotional experience. I work for a startup, but I don’t work for Facebook. I don’t ask for much, just a 3/2 in a good school district. My budget is $1 million. It seems that everybody can pay 10% more than me.

Ouch. What should RenterBob do? Should he just give up and leave since he’s priced out forever?

Or should he move to a semi-good school district? And where would that be?

Comments (80) -- Posted by: burbed @ 5:12 am

April 29, 2008

You too can be a playa… in Milpitas! MB G500!

Spence Ave, Milpitas

Photo: << 1 2 3 4 5 6 7 8 >> All
$549,900

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: N/A
* Lot Size: 7840
* Square Footage: 1401
* List Date: 6/21/2007
* Garage Spaces: 2
* MLS#: 734459

*
Very good home in xcllent location. Walk to stores,bus line, school & all conveniences. Huge 8050sq ft corner lot. Over $40K upgrd Granite kitchen counter tops & 2 baths floor & wall. Dbl pane- windows,plantation shutters,hardwood floors.Sold “as-is” condition.

Wow… check out the ride in the photo. Yep. That’s right. It’s the car that football stars, movie stars, and rappers all prefer. The MB G500:

That’s right player. All you have to do is buy this sweet crib in Milpitas and soon you’ll be on your way to reaching A-list celeb status. Get the crib, get the bling, and soon you’ll be getting all the shawties that you want.

It all starts with the house in Milpitas. It’s the escalator of prosperity.

Comments (17) -- Posted by: burbed @ 5:31 am

April 28, 2008

Who likes vanilla and strawberry ice cream? You’ll like this Gilroy house!

7430 Rogers Ln, Gilroy
$380,000

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1983
* Lot Size: 3484
* Square Footage: 1204
* List Date: 2/15/2008
* Garage Spaces: 2
* MLS#: 778845
Description of 7430 Rogers La, Gilroy
Single family attached with 2 car garage. Bay window-needs some TLC and you got a beauty.

Yeah yeah I can hear it already: “But Burbed, Gilroy isn’t in the Bay Area!”

I know, I know.

But I thought it’d be fun to revisit Gilroy – it’s been over a year since Gilroy week!

Personally, I think this house has a certain charm. I like how it segues into a pink house, from a yellow house – kind of like a vanilla and strawberry ice cream mix. Yum yum.

Sure Gilroy isn’t in the Bay Area anymore, but really – where else can you go to get a house like this?

Comments (15) -- Posted by: burbed @ 5:25 am

Foreclosures in Santa Clara zoom up 190.5% – why?

Burbed reader Madhaus thought it would be important to share this news:

Another Jump in California Foreclosure Activity

Seems ominous right?

Well, let’s think about Santa Clara County. Do you know what it includes?

Yep, that’s right… it includes Gilroy. Let’s talk more about Gilroy in a little bit shall we?

Comments (15) -- Posted by: burbed @ 4:52 am

April 27, 2008

If Francisco and Misty Morales can afford a home on Sleep on It in San Jose…

Recently I saw a show on cable where prospective home buyers can spend the night at a house they’re interested in. It caught my attention when San Jose was featured! WOOT!

TV show follows home shoppers on sleepovers

“We both felt it was a blessing,” said Francisco Morales, a respiratory therapist who camped out in a two-story home in the North Valley area of San Jose with his wife, Misty, and two young boys. “Having two little ones, we could really put it through the trial.”

“Sleep on It,” which premiered Wednesday on HGTV, is the brainchild of Steve Edelman, president of Edelman Productions in Corte Madera.

[snip]

San Jose residents Francisco and Misty Morales were looking for a little more living space in which to raise their two boys, 4-year-old Francisco Jr. and 20-month-old Gabriel, and entertain their extended family. Their two-bedroom, one-bath home in the North Valley area was no longer doing the job.

They wanted to live in a neighborhood within walking distance of shops and stores, parks for the kids to play in, and access to freeways. They wanted a backyard for entertaining, a two-car garage, two bathrooms and an open floor plan. And they wanted it to be in the $700,000 price range.

They found a two-story house in the North Valley area that looked promising, but they had a few reservations: Would the nearby freeway make it too noisy in the backyard? Would they feel comfortable and safe with the kids living with stairs? And Misty Morales, like Jenny McLaughlin, wanted to make sure there was plenty of natural light. After spending the night in the house, they had their answer.

“Actually, it solidified that we did not want to be in an upstairs/downstairs house,” said Francisco Morales. “And the noise from the freeway was incredibly loud. After that experience, we definitely knew what we wanted.” A month later, they found it – a larger home about four blocks from the one they had spent the night in.

Now… Francisco and Misty only have one income. Here’s how much they probably earn according to Salary.com:

Now granted, Cisco and Misty were upgrading from a house they already owned – so they probably doubled their money already and have plenty of equity. But if a family on an income like this can afford a $700k home in San Jose, why can’t YOU?

Comments (63) -- Posted by: burbed @ 5:47 am

April 26, 2008

Who is going to the house auction in San Jose Convention Center?

I’m not sure if people noticed from yesterday’s post, but there is an auction at the San Jose McEnry Convention Center tomorrow (4/27) at 8:00am.

This is probably your last chance ever to buy into some parts of the Bay Area (not the Real Bay Area, but close) before you are priced out forever. Spring Bounce is in full effect, and then Summer Summit will come and blow you away. Followed by Fall Fiesta and Winter Wonderful, of course.

Are you going? Post a comment – maybe you can meet up with other Burbians.

Are you reading this on 4/27? What happened? How many dozens of houses did you buy?

Comments (9) -- Posted by: burbed @ 5:45 am

April 25, 2008

Very very clever auction in Redwood City

500 Hurlingame Ave Redwood City, CA 94063

Starting Bid: $179,000
Previously Valued To:* $480,000

Item #: 752
Address: 500 Hurlingame Ave Redwood City, CA 94063
Property Type: Single Family
Year Built: 1958
Square Footage: 1020
No. of Bedrooms: 3
No. of Bathrooms: 1
Total Rooms: 6
Lot Size: 0.05
Occupancy Status : Vacant
Financing Available : Yes

Hey wait a minute… this sounds familiar! Now I remember!

Very very clever!

You see, buy using a ludicrous starting bid like $179,000 approximately 1 million people will show up to with cash and Google stock in hand to buy this house.

Having just been sold on 9/4/2007 for $464,120, and a Zestimate of $535,500, I predict this house will easily clear for $535,500.

What do you think this Hurlingame house will clear for?

(Thanks to Burbed reader Michelle for this find.)

Comments (23) -- Posted by: burbed @ 5:36 am

April 24, 2008

$1.2 million for house in extremely poor condition – dwelling unlivable

22641 Alcalde Rd, Cupertino
95014
$1,199,000
* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1948
* Lot Size: 9310
* Square Footage: 1716
* List Date: 3/26/2008
* Garage Spaces: 3
* MLS#: 786969
BRING YOUR ARCHITECT AND BUILD YOUR CUPERTINO DREAM HOME ON THIS PRIME PIECE OF CUPERTINO PROPERTY. LARGE, FLAT LOT. DEFERRED MAINTENANCE TO CURRENT HOME MAKES THIS DWELLING UNLIVABLE IN CURRENT CONDITION. REMODEL OR REBUILD A MUST. AS-SALE. NO WARRANTEE. TRUSTEE SALE. HOUSE IN EXTREMEY POOR CONDITION. Schools: Stevens Crk, John F. Kennedy, Monte Vista.

I love how this house is advertised that it is in extremely poor condition and that this dwelling is unlivable. Two words: REVERSE PSYCHOLOGY

I bet after reading that, you said to yourself: MUST HAVE.

And must have you should! After all, buying this house gives you something that others can only dream of – FREEDOM. Freedom to build whatever you want. Freedom to start anew. It’s the way of the West, the American Dream, the glory of hope!

Oh my god, how can you resist this two punch attack of psychology and patriotic appeal.

And yes there was an open house – but would you have attended?

Comments (52) -- Posted by: burbed @ 5:04 am

April 23, 2008

Living in the Bay Area makes you live longer!

Expect to live longer if you call Bay Area home – San Jose Mercury News
Maybe your exorbitant mortgage bill is worth it after all.

Silicon Valley residents have one of the highest life expectancy rates in the nation, with the average baby born in 1999 on track to live to 80, according to research appearing in today’s edition of the journal PLoS Medicine. On average, that’s eight years longer than their grandparents might live.

With stats like this, how can lenders not offer 40/50/60 year mortgages to the people in the Bay Area?

With stats like this, how can anyone afford not to live in the Bay Area? Think of the children! Who will take care of them if you die too early?

Sorry Ponce de Leon – you were way off mark. The Fountain of Youth is right here in Silicon Valley!

Thanks to Madhaus for this find!

Comments (47) -- Posted by: burbed @ 6:31 am