96 Buckingham Ave, Redwood City 94063

$609,000

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1924
* Lot Size: 3360
* Square Footage: 1000
* List Date: 4/9/2008
* Garage Spaces: 2

* MLS#: 800694
Completely remodeled. Open kitchen with granite counters and stainless appliances. Kitchen overlooks dining area and living room. Remodeled bathrooms. Convenient inside laundry area. Detached 2-car garage. Nice lawn and deck. This is not a short sale!

They say that a man’s house is a man’s castle. This Redwood City house clearly emphasizes that point. Driving by you might wonder “Is that a mini-Costco?” – but then you see the turrets on top and realize “Wow, it’s someone’s castle in Redwood City!”.

You know what this really needs? A moat.

A moat filled with sharks with lasers. Oh yes, how awesome that would be. And of course the requisite drawbridge.

Then you’d really have a Costco Castle.

And it makes sense – after all you live on Buckingham. What’s more fitting for you – The King Owner?

Akismet marked a bunch of your comments as spam. I’ve brought a few back. Argh.

1885 Capistrano Way, Los Altos, CA 94024 – Property Details.
$1,299,000

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1955
* Lot Size: 10018
* Square Footage: 1411
* List Date: 3/20/2008
* Garage Spaces: 2
* MLS#: 785795

Description of 1885 Capistrano Wy, Los Altos
Sheltered by mature trees on a Los Altos Cul-de-Sac 1/4 acre site. This great neighborhood is close to everything with easy to reach commute routes. Just a few blocks away to the top rated Montclair School and adjacent Montclair Park where you can enjoy lush lawns, a BBQ area, tennis courts and the sports field. Priced as a LOT, house included at no extra cost-needs TLC-includes a Swimming Pool.

There. Are you awful renters happy now?

This owner is going to give you his house for free because you people are such whiners. free.

$1.3 million and you get the house for free. Honestly, I can’t think of a better deal. Like blood from a turnip. What next? You’ll want him to reroute traffic on foothill so you won’t hear it?

Man… you people. Sheesh.

From the readers of Burbed:

Thanks to madhaus for finding this:

#  madhaus Says:
April 29th, 2008 at 5:35 pm

Case-Shiller housing index for February is out today. San Francisco metro area single family house index on average is down to 07/2004 level.

Renter: D’oh, I meant to link to that when I saw it on one of the other bubble blogs. Yeah, the index for SF is down to 174. The peak was May 2006.

If you look at the tiered-pricing indices, the story is even more interesting. Here’s the data for the last 12 months in the highest tier (>$756K), March ‘07 thru Feb ‘08. Look at how it’s crashed (the second number is the same index a year before)

Case-Schiller SF Market Index, Highest Tier
2007-8 2006-7

Mar 186.05 184.06
Apr 188.19 186.4
May 188.78 188.34
Jun 189.15 189.34
Jul 190.05 189.57
Aug 191.29 189.05
Sep 190.78 188.11
Oct 188.51 187.07
Nov 182.65 185.55
Dec 178.88 182.77
Jan 175.75 182.06
Feb 171.32 182.26

Look at Sept-Feb, avery bad fall. And don’t give me Spring Bounce, compare it to the previous year where the index would go up or down a point or two per month.

Remember, the aggregate peak was in May 2006. Well, the higher tier kept going up until August ‘06, then came down, then went up again next Spring Bounce. So why did the aggregate index continue going down? Because the low and middle tiers went down.

Case-Schiller is a great index because they pair sales of the same houses.

For more info look here. They have info on other places, but you have to BUY them.

Thoughts about this data? My first instinct is to wonder what they call the SF market. Does it include places like… Milpitas?

Sigh. More WordPress woes. I upgraded recently and just now I noticed all my feeds have mysteriously stopped working.

How strange – no entries appear in the xml.

Any WordPress experts care to help me debug this?

UPDATE: Feed problems are now fixed. Phew!

372 Fir Tree Ct, Milpitas
$439,999

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1966
* Lot Size: 3000
* Square Footage: 1215
* List Date: 11/26/2007
* Garage Spaces: 2
* MLS#: 764306
*

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Description of 372 Fir Tree Court, Milpitas
SINGLE FAMILY ATTACHED, IN A GREAT FAMILY ORIENTED NEIGHBORHOOD. TILE FLOORS IN KIT, SKYLIGHTS, LOTS LIGHT , NEWER CABINETS AND FLOOR IN KIT. ALL DUAL PANE WINDOWS REDUCED PRICE FOR QUICK SALE. Price and commicons subject to lender’s approval.

Now, I get that this house is on a dead end street. But still – doesn’t parking like that violate the law? Perhaps not. Perhaps this house gives you the freedom to park any god damn way you god damn please. This is the house of freedom! Freedom isn’t free – it’s $439k in Milpitas.

I guess no one will notice over the light din of 880. That’s family oriented 880 to you!

1139 Traughber St, Milpitas
$675,000

* Status: Active
* Bedroom: 6+
* Bathroom: 4
* Year Built: 1971
* Lot Size: 6000
* Square Footage: 2038
* List Date: 11/1/2007
* Garage Spaces: 2
* MLS#: 760755
This SFH is divided into 2 units. 1st unit was built in 1971, has 3 br,2 bath, 1020 S.F, rents for $1500. 2nd unit was built in 2001 w/permit , has 3 br, 2 bath, aprox. 1018 S.F , rents for $1500. Perfect for two families wanting to share costs but still have privacy…MAKE AN OFFER!
Features for 1139 Traughber Street, Milpitas

Sorry for the size of this image. But I had to save it as high quality to ask you a question: Is that a car in front of the front door? Or a ghost of a car?

I really can’t tell!

But aside from that, nothing represents the dynamic and entrepreneurial lifestyles of the Bay Area like this house! Besides the guaranteed appreciation (once Milpitas returns to the Bay Area in 2011), but you also get this amazing revenue stream from living in it. Woot!

Maybe you can get an IPO for the rental unit…