June 12, 2008

$20k price cut on 14 year old Mountain View house – now affordable!

140 S S Rengstorff Ave, Mountain View 94040 (San Antonio)
$939,000

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1994
* Lot Size: 5227
* Square Footage: 1189
* List Date: 4/8/2008
* Garage Spaces: 2
*
HERE IS THE OPORTUNITY TO OWN A NICE HOUSE IN THE DESIRED MOUNTAIN VIEW AREA, WITH PERFECT LOCATION ACROSS FROM PARK AND SUPERMARKETS, NICE 3 BED 2 BATH ONLY 14 YEARS OLD.

Between soaring incomes, and some price trims, Mountain View is getting affordable. For example, this house was featured on Burbed about a year ago as well:

Since then, things have changed a little. The market has corrected, and it has bottomed out. YES THIS IS THE BOTTOM MY FRIENDS.

Also, the other thing that changed about this house was that last year, they didn’t know when it was built – but now, they’ve concluded that it was built 14 years ago. That’s the kind of amazing research we can do only here in Silicon Valley.

$20k off. Why aren’t you jumping at buying this house? Are you really that fussy? Sheesh.

Burbed Reader Rohit adds:

I read your blog every now and then for a good laugh. Thanks for the fine sarcastic humor!
The yellow Daly City house featured on your site was quite a hit. Well, there is a yellow house in Mountain View as well which deserves mention – 140 S Rengstorff Ave Mountain View 94040 (MLS#: 800437)

I began looking up houses on www.mlslistings.com last year in September. This house was listed on 09/27/07 (possibly much earlier) at $875,000. By 10/27/07, the price had dropped to 819,988. I stopped tracking prices for a while after that. I restarted looking at prices this month, and now I find the same house listed at $939,000! Sweet 14% appreciation in less than 6 months! It looks like the house was taken off the list and re-listed on 04/08/2008 for $939k. Impressive appreciation for a house which has been sitting on the market for more than 9 months now. Maybe because it is in zip code 94040! Or, maybe simply because it is yellow.

It’s a roller coaster ride for sure – and as we all know, roller coasters end at the top, not at the bottom. Or something like that.

Comments (2) -- Posted by: burbed @ 5:12 am






June 11, 2008

Glassdoor.com reveals why Bay Area Real Estate is affordable.

At Glassdoor, Find Out How Much People Really Make At Google, Microsoft, Yahoo, And Everywhere Else.
So how much does a Google software engineer really make? The average, based on ten submissions, is $97,840. And the range is between $80,000 and $150,000, with annual cash bonuses coming in anywhere from $20,000 to $45,000. Adding salary and bonus together, the Google engineers that have entered information on Glassdoor average $112,573 in take-home pay. And then there are stock options on top of that. Yahoo and Microsoft engineers get about the same salaries, but smaller bonuses, leaving their take-home pay at an average of $105,642 and $105,375, respectively. Apple software engineers make only about $89,000, on average, but they get to create some of the most loved products on Earth.

On top of that, most techies meet their spouses at work. So think about it: 2 Googlers – $390k a year in income.

Multiply by the normal 5x rule – boom – a $1.95 million dollar house is easily affordable.

Let’s look at two Apple employees – $178k in income a year. Boom. That’s a $890k house right? Nope. Don’t forget those incredibly valuable stock options. BOOM. $1.2 million dollar house is easily affordable.

Sheesh, no wonder prices are on the rebound!

UPDATE: Thanks to Bad Advice for pointing out a typo.

Comments (52) -- Posted by: burbed @ 11:40 am

The Best Deal in Mountain View just got better! $100k off!

236 E Middlefield Rd, Mountain View 94043 (Whisman)
$599,000


* Status: Active
* Bedroom: 1
* Bathroom: 1
* Year Built: 1927
* Lot Size: 6250
* Square Footage: 480
* List Date: 2/23/2008
* Garage Spaces: N/A
* MLS#: 780086

$100K reduction MUST BE SOLD! This is the largest lot at this value price of $599K in all of Mtn View. Build your new dream home or remodel this one! RealQuest records show 50×125′ level 6,250 sf lot size, close to easy commute access, park, shops. Schools: Huff, Crittenden, Mountain View High, buyer to verify. Disclosures available, PRDS as-is please.

Does this look familiar? It should! This was on Burbed just a few months ago:

The Best Deal in Mountain View has just gotten even better. Frankly, I’m not sure what people are waiting for.

This house has already had a few open houses – has anyone had a chance to go yet? What’s it like? Inquiring minds want to know!

UPDATE: Forgot to talk about the instant equity angle. The current seller paid $650,000 for this in 2006. That means you get $50k in instant equity! Just like how the previous seller got $375k in instant equity when he paid $275,000 in 1999!

Comments (12) -- Posted by: burbed @ 5:05 am

June 10, 2008

Affordable fixer-upper in Palo Alto – now you can stop crying at night

1111 Alma St, Palo Alto 94301 (Professorville)
$895,000

* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1923
* Lot Size: 5600
* Square Footage: 936
* List Date: 5/6/2008
* Garage Spaces: 1

A fixer-upper in a great, Downtown location of Palo Alto. The house belongs to one of the best school districts and is listed for a great price.

Unable to afford some of the recent properties featured on Burbed in Palo Alto? Well, when you’re not crying yourself to sleep at night because of how screwed your children are, you really ought to take a look at this listing. With 2 bedrooms and 1 bath, this 936 sqft will fit a fit and healthy family of 4 with no problems. Sure there are no pictures of the interiors, but really – do you need to see the interiors? Do you need to look at Google’s data center before you use it? Do you look at the iPod’s circuits before you buy it? This is freakin’ Palo Alto – there’s no need for that.

With one of the best schools in the entire nation state of California (which is ranked 47th), and situated on a small, slow traffic street like Alma, this house is a sure bet.

Now, for a pet peeve – this listing doesn’t mention anything about overbids. That’s pretty evil. You can 110% be sure that this house will be overbid. Prepare yourself. I’d say this will go for $1 mil easily.

Comments (26) -- Posted by: burbed @ 5:55 am

Gas hits $5 a gallon in Redwood City, Bay Area, California

Here in the Bay Area, we are proud of blazing new paths – of leading the nation and world through innovation. We invented the PC. We invented Internet. We re-invented how to enroll your children to school. And now, we invent the $5 a gallon gas:

Congrats Bay Area. We’re #1!

Comments (219) -- Posted by: burbed @ 12:21 am

June 9, 2008

I’m no architect – but something looks a bit odd about this house

820 2nd Ave, San Bruno 94066
$448,000

* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1942
* Lot Size: 2500
* Square Footage: 780
* List Date: 3/6/2008
* Garage Spaces: 1
* MLS#: 782766
*
Cozy 2bed home; skyligths; crown mouldings; triple pane windows; roof 2 years old (per seller); insulated attic. Convenient and large workshop/storage room at the backyard. Nice curb appealing.

Now frankly, there’s nothing terribly wrong with this house. 780 square feet – $448,000. $574 per square foot. 2 blocks away from Caltrain and 380. Normal.

But something about this picture just doesn’t seem right to me. It reminds me of the drawings that children make of people – where there’s no neck or torso – often just a giant head with appendages.

But then again, I’m no architect. Could this be an example of how I’ve fallen behind the times? Could this be the Facebook of houses, with all the other ones being Friendster? Is this the future of houses?

And what exactly is it that’s wrong with this picture? I can’t quite put my finger on it…

Any architects (or architect-wannabe’s) here on Burbed that want to comment on this house?

Comments (12) -- Posted by: burbed @ 5:31 am

June 8, 2008

Hosting sale: get 4x extra disk space and bandwidth with coupon

Can’t get a jumbo loan to buy your $1 million starter home in Sunnyvale?

Well, worry not – you can afford a great web home!Let me introduce you to Dreamhost – the hosting provider that Burbed.com uses.

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Step 3: Benefit from getting 4x the normal disk space and bandwidth. You also get $150 off for a 5 year plan, and $200 of for a 10 year plan.

These coupon codes are first come first serve. Please reply in the comments if you successfully used one so I can cross it off the list!

Sign up today, and help Burbed.com out! If you’re trying to sell your home now, sign up and create a website for your property!

Or, if you don’t need hosting services, you can also help out Burbed by making a contribution: Donate towards my web hosting bill!

Thanks readers!

Comments (5) -- Posted by: burbed @ 6:23 pm

How to get your kids into Cupertino Unified School District (CUSD)

One of the reasons the Bay Area is so successful is that we are always pushing the envelope of innovation. Our amazing minds have this amazing ability to take common things and innovate the crap out of them, dramatically changing them. If you live anywhere else, you’ll just have the same ol’ same ol’ year after year, and be boring.

Let’s look at how Silicon Valley has pushed the envelope and truly innovated in the design of enrolling your kids into the local public school:

How to get your kids into a good school in California – camp for days, punch out others, voluntary mandatory donations [Burbed.com]
madhaus aka guitar hero Says:
June 4th, 2008 at 4:49 pm

How to get your kid into Cupertino Unified School District

If you live in CUSD borders:

1. Go to your neighborhood school during enrollment week, usually early February. District website has attendance area map and address finder.
2. Bring PG&E bill, birth certificate of kid, other ID
3. Child must be 5 by December 2nd of that year if enrolling in kindergarten.
4. To enroll in another neighborhood school or alternative program, tell enrollment person and get “lottery ticket” plus enrollment form.
5. Go to alternative school or other neighborhood school during alternative enrollment week, bring ticket and form to sign up. Some alternative schools have additional requirements to enroll. You should call the school well before enrollment to find out what they are so you can meet them.
6. Lottery is held at school district office. You can attend but what you see is meaningless. School by school, they call a bunch of names by picking them out of a hat and numbering them. But students with enrolled siblings are given preference, and you don’t know how many spots there are for each grade, so your number isn’t that useful. A kid with a sibling with #799 is ahead of another #1 and no sibling. Just wait for a letter from the school within 1-2 months.

If you want your kid to go to the intense homework factory with perfect scores on the API, there will be 700 other families trying too. Very few will make it due to sibling preference.

If you missed enrollment week:

Follow same procedure, knowing you are behind everyone who enrolled when they were supposed to. Schools are closed for 6 weeks in summer, you may have to wait until August to enroll, or call school district office.

This means your child may have to attend overflow school instead of regular neighborhood school. And this is why everyone enrolls the first day of enrollment week, first thing in the morning.

There is no transit provided to any CUSD school unless your child goes to a special education program.

If you do not live in CUSD and wish to have child attend:

1. One alternative school takes out of district kids, but makes it very tough. They will not let you know if you’re in until first day of school, since district residents always leapfrog you. None of the regular schools will take out of district, though.

Wow. Seriously. Is there any wonder how Steve Wozniak and Steve Jobs ended up creating the amazingly and devastatingly innovative Apple? (we’ll ignore most of the late 80′s to early 90′s)

Keep on taking ordinary things and innovating on them Silicon Valley. Let’s see some more innovation! How can we take school enrollment to the next level?

(For you folks not lucky enough to live in the Bay Area, how do you enroll your kids? Do you have to camp outside for a few days?)

Comments (28) -- Posted by: burbed @ 5:16 am

June 7, 2008

Mountain Lions who can’t afford their mortgages…

This WTF Moment was brought you by Burbed reader Kurt, taken at Mt. Tamalpais State Park.

Comments (8) -- Posted by: burbed @ 4:49 am

June 6, 2008

This Palo Alto house is calling you a punk ass bitch

2995 Waverley St, Palo Alto 94306 (Midtown)
$1,500,000

* Status: Active
* Bedroom: 1
* Bathroom: 1
* Year Built: 1949
* Lot Size: 11610
* Square Footage: 861
* List Date: 4/9/2008
* Garage Spaces: 1
* MLS#: 800730
ADDRESS ON HOUSE IS 2993. Rare opportunity in “Midtown” area of PA Located on one of Palo Alto’s most desirable streets, this home built in 1949 offers great potential. Lot size 11,610 per county records. Buyer to confirm with the City of Palo Alto regarding any remodeling and/or building possibilies. OPEN SUNDAY Probate sales & subject to overbid.

I thought I’d wrap up the week with a reminder of what it means to live in the Real Bay Area. At $1742 per square foot, this house actually gives many apartments in Manhattan a run for the money (SWEET!).

But the real reason I chose this house is because frankly I appreciate the open candor of the listing. You see, I’m a fairly straightforwards kind of guy – I believe in cutting the b.s. and getting straight down to business. And that’s why I love this listing: “subject to overbid.”

This house only wants real (tech) men (and women) to play The Game. It doesn’t want any of you poseurs or wannabe’s. It’s saying “I’m a Palo Alto house, and you my bitch.” $1.5 mil is going to cut it for this sweet piece of Midtown lovin’. Get read to man up, and spend $2 mil ‘cuz this is going into OVERBID baby! OVERBID!

Comments (21) -- Posted by: burbed @ 5:38 am