Comments on: Can you get to Home Depot in your sleep? This house is for you! http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Thu, 09 Feb 2012 09:21:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: madhaus http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11093 madhaus Fri, 11 Jul 2008 05:56:56 +0000 http://www.burbed.com/?p=2039#comment-11093 Like I said above, Meiggs is in Stinkonada, the very wrong part of Cupertino. The further west and only then south, the better the address, although there are exceptions here and there. Meiggs is near Bollinger, that is not a "good" area. The good part is the Kennedy school attendance area, all in the hills. "West of Highway 9" was an expression the old-timers used, meaning west of De Anza. That's good, west of Stelling is better. Like I said above, Meiggs is in Stinkonada, the very wrong part of Cupertino. The further west and only then south, the better the address, although there are exceptions here and there. Meiggs is near Bollinger, that is not a “good” area. The good part is the Kennedy school attendance area, all in the hills.

“West of Highway 9″ was an expression the old-timers used, meaning west of De Anza. That’s good, west of Stelling is better.

]]> By: madhaus http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11092 madhaus Fri, 11 Jul 2008 05:53:14 +0000 http://www.burbed.com/?p=2039#comment-11092 Looks like somebody had a $515K loan when it got foreclosed on in January. Wonder if they had a 2nd mortgage too? ...checks county records... I suspect so, there's 2 different deeds of trust to Wells Fargo on the same day. Oh cool, the property is in a greater than 1 foot of flooding zone. Looks like somebody had a $515K loan when it got foreclosed on in January. Wonder if they had a 2nd mortgage too?

…checks county records…

I suspect so, there’s 2 different deeds of trust to Wells Fargo on the same day.

Oh cool, the property is in a greater than 1 foot of flooding zone.

]]> By: WillowGlenner http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11091 WillowGlenner Fri, 11 Jul 2008 05:41:55 +0000 http://www.burbed.com/?p=2039#comment-11091 hmm I'll bet that Meiggs lane house sells pretty quickly. But is that the right area of cupertino? Too close to Lawrence I think, the good part of Cup is closer to De Anza college towards the hills isn't it? near Bollinger? hmm I’ll bet that Meiggs lane house sells pretty quickly. But is that the right area of cupertino? Too close to Lawrence I think, the good part of Cup is closer to De Anza college towards the hills isn’t it? near Bollinger?

]]> By: madhaus http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11090 madhaus Fri, 11 Jul 2008 05:41:34 +0000 http://www.burbed.com/?p=2039#comment-11090 <b>WG</b>, the Cupertino shack I linked to was mentioned in the "acid trip" article suggesting you buy it and pull out $300K in equity when you refinance. What do you think, would that work in 2007 as well as it did in 2005? Also, the 3 other houses on that street had already been torn down and rebuilt with the usual instant palaces, so whatever they're planning should fit in nicely. Was the Nov/Dec 06 "dip" just a seasonal thing (prices usually go down that time of year) or something worse? Seriously, there are still a number of incredibly awful houses in Cupertino, not only in Rancho Rinconada but also in the Monta Vista/Post Office area west of Bubb and south of Stevens Creek. I'm driving my older kid to camp at Monta Vista every day and pass through that neighborhood around Orange and Byrne, these places really do look like shacks and make my humble abode look like Lifestyles of the Rich and Famous. WG, the Cupertino shack I linked to was mentioned in the “acid trip” article suggesting you buy it and pull out $300K in equity when you refinance. What do you think, would that work in 2007 as well as it did in 2005? Also, the 3 other houses on that street had already been torn down and rebuilt with the usual instant palaces, so whatever they’re planning should fit in nicely.

Was the Nov/Dec 06 “dip” just a seasonal thing (prices usually go down that time of year) or something worse?

Seriously, there are still a number of incredibly awful houses in Cupertino, not only in Rancho Rinconada but also in the Monta Vista/Post Office area west of Bubb and south of Stevens Creek. I’m driving my older kid to camp at Monta Vista every day and pass through that neighborhood around Orange and Byrne, these places really do look like shacks and make my humble abode look like Lifestyles of the Rich and Famous.

]]> By: WillowGlenner http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11089 WillowGlenner Fri, 11 Jul 2008 05:38:20 +0000 http://www.burbed.com/?p=2039#comment-11089 btw this house is sold http://www.redfin.com/CA/East-Palo-Alto/427-LARKSPUR-Dr-94303/home/1633922 they dropped the price on May 30 to 279K from 299K and it sold... my guess is it would have sold at 299 also, the market for these did a turn sometime in June. Theres a lot in EPA on redfin though, I really don't know EPA too well. I think you want to stay away from university and moving to the south is good (not completely sure though). btw this house is sold
http://www.redfin.com/CA/East-Palo-Alto/427-LARKSPUR-Dr-94303/home/1633922

they dropped the price on May 30 to 279K from 299K and it sold… my guess is it would have sold at 299 also, the market for these did a turn sometime in June.

Theres a lot in EPA on redfin though, I really don’t know EPA too well. I think you want to stay away from university and moving to the south is good (not completely sure though).

]]> By: madhaus http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11088 madhaus Fri, 11 Jul 2008 05:34:39 +0000 http://www.burbed.com/?p=2039#comment-11088 <a href="http://www.redfin.com/CA/Cupertino/19060-MEIGGS-Ln-95014/home/1805404" rel="nofollow">Meiggs Lane</a> is so awful in the photos that <b>burbed</b> should feature it as another acid trip. Hideous. Hard to decide which is the worst photo, the front, the back "lawn" or the prominently featured roll of TP in the bathroom. The unmade bed is another winner. Also it's in Rancho Rinkydinky, not "real" Cupertino. Lochivar is not CUSD, so it doesn't count as real 94087. Mallard is Stocklmeier/Cup, but the listing's been pulled. Did someone pay cash for it? The 2006 property tax was (get ready)... $824. So it clearly hasn't been touched for 35 years. And <a href="http://www.redfin.com/CA/Palo-Alto/521-DRISCOLL-Pl-94306/home/1021634" rel="nofollow">Driscoll</a> isn't a house, it's a townhouse or maybe even a condo. The property listing calls it an "attached single family." What the heck is that? Comes on a whopping 2178 sf lot. Meiggs Lane is so awful in the photos that burbed should feature it as another acid trip. Hideous. Hard to decide which is the worst photo, the front, the back “lawn” or the prominently featured roll of TP in the bathroom. The unmade bed is another winner. Also it’s in Rancho Rinkydinky, not “real” Cupertino.

Lochivar is not CUSD, so it doesn’t count as real 94087. Mallard is Stocklmeier/Cup, but the listing’s been pulled. Did someone pay cash for it? The 2006 property tax was (get ready)… $824. So it clearly hasn’t been touched for 35 years.

And Driscoll isn’t a house, it’s a townhouse or maybe even a condo. The property listing calls it an “attached single family.” What the heck is that? Comes on a whopping 2178 sf lot.

]]> By: WillowGlenner http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11087 WillowGlenner Fri, 11 Jul 2008 05:31:27 +0000 http://www.burbed.com/?p=2039#comment-11087 bob- You don't know anything about investment real estate and particularly not here. The only reason this house is being offered at 279K is because banks are selling at that level and there is a complete ROUT in lower priced properties going on. East san jose is pricing at 99/2000 levels. What does that mean to the good areas of the bay area, NOTHING. But if you can find a bad area property that you think has some smidgeon of a chance to turn into a better area its worth a try at these prices which are artificially depressed due to the banking situation. My personal preference for this type of property is the downtown san jose area- I think there is a little more potential there than EPA because of the charm of the houses and the determination the city of san jose has into turning downtown into a nice place. Madhaus- I see somebody else has already replied but I concur with that cupertino shack probably being a decent investment for somebody. First of all there was a housing market dip in Nov/Dec 06 that a lot of people don't remember so it was not a bad time to buy- of course it was an individual thing because some owners kept their prices high and that was that, but with others they acknowledged the market and dealt with it. You are basically paying for a 10K lot with some plumbing and thats it. I think that place would sell for around $1mm today also. bob- You don’t know anything about investment real estate and particularly not here. The only reason this house is being offered at 279K is because banks are selling at that level and there is a complete ROUT in lower priced properties going on. East san jose is pricing at 99/2000 levels. What does that mean to the good areas of the bay area, NOTHING. But if you can find a bad area property that you think has some smidgeon of a chance to turn into a better area its worth a try at these prices which are artificially depressed due to the banking situation. My personal preference for this type of property is the downtown san jose area- I think there is a little more potential there than EPA because of the charm of the houses and the determination the city of san jose has into turning downtown into a nice place.

Madhaus- I see somebody else has already replied but I concur with that cupertino shack probably being a decent investment for somebody. First of all there was a housing market dip in Nov/Dec 06 that a lot of people don’t remember so it was not a bad time to buy- of course it was an individual thing because some owners kept their prices high and that was that, but with others they acknowledged the market and dealt with it. You are basically paying for a 10K lot with some plumbing and thats it. I think that place would sell for around $1mm today also.

]]> By: steve http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11086 steve Fri, 11 Jul 2008 01:56:19 +0000 http://www.burbed.com/?p=2039#comment-11086 The virus is spreading from EPA to RBA -- Yikes 19060 MEIGGS LN Cupertino, 95014 $768,000 521 DRISCOLL PL Palo Alto, 94306 $899,950 1561 LOCHINVAR AV Sunnyvale, 94087 $730,000 1592 MALLARD WY Sunnyvale, 94087 $829,000 The virus is spreading from EPA to RBA — Yikes

19060 MEIGGS LN Cupertino, 95014 $768,000
521 DRISCOLL PL Palo Alto, 94306 $899,950
1561 LOCHINVAR AV Sunnyvale, 94087 $730,000
1592 MALLARD WY Sunnyvale, 94087 $829,000

]]> By: madhaus http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11085 madhaus Thu, 10 Jul 2008 19:30:37 +0000 http://www.burbed.com/?p=2039#comment-11085 <b>rick</b> there are so many mini-mansions going up in Cupertino, especially where the crappiest houses are now, that soon there will be a Preservation Society To Keep Crappy Crackerbox Houses From Being Bulldozed. Just you wait. Also, thanks for the context on Hazelbrook. rick there are so many mini-mansions going up in Cupertino, especially where the crappiest houses are now, that soon there will be a Preservation Society To Keep Crappy Crackerbox Houses From Being Bulldozed. Just you wait.

Also, thanks for the context on Hazelbrook.

]]> By: rick http://www.burbed.com/2008/07/10/can-you-get-to-home-depot-in-your-sleep-this-house-is-for-you/#comment-11084 rick Thu, 10 Jul 2008 19:05:52 +0000 http://www.burbed.com/?p=2039#comment-11084 Madhaus, The Google picture is very old, at least 10 months old. Cupertino probably hasn't fallen yet (prices are still rising in that neighborhood according to propertyshark), though some parts of it might have. I think a googler purchased 21135 Hazelbrook for 2.1mil, I was checking that house out and they were negotiating with the owner. That house (still constructing in your picture), on the other hand, does give you a feel that it worths 2.1mil. The owner bought it for 950k, bulldoze it, and build a mini-mansion that covers almost half of the 10,000 sf lot, with top of line material and very good architecture design. I don't know how much his take was, but building min-mansion in affluent areas still works if you have the pocket, expertise, and can take the risk. Back in '97 mini-mansions in places like WG were already selling for 800k. Madhaus,
The Google picture is very old, at least 10 months old. Cupertino probably hasn’t fallen yet (prices are still rising in that neighborhood according to propertyshark), though some parts of it might have.

I think a googler purchased 21135 Hazelbrook for 2.1mil, I was checking that house out and they were negotiating with the owner. That house (still constructing in your picture), on the other hand, does give you a feel that it worths 2.1mil. The owner bought it for 950k, bulldoze it, and build a mini-mansion that covers almost half of the 10,000 sf lot, with top of line material and very good architecture design.

I don’t know how much his take was, but building min-mansion in affluent areas still works if you have the pocket, expertise, and can take the risk. Back in ’97 mini-mansions in places like WG were already selling for 800k.

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