August 12, 2008

Bernal Heights fixer upper! Just $449,000!

Bernal Heights Real Estate: 339 Crescent Ave at home-SanFrancisco.com
339 Crescent Ave
2 Bedrooms

1 Bath
approx 750 Sq ft

$449,000

Look at the price.Contractor’s special. Located on a level 25×100 RH-2 lot. This is a fixer not for the faint of heart. Needs extensive renovation with plenty of deferred maintenance. This is a tremendous opportunity for handy person or the savvy developer. Currently occupied but will be delivered vacant. Please make appointment. Owner reserve the right to accept or reject any or all offers.

Listing firm: Smith R.E., Michael (MLS Only); Listing agent: Michael R Smith NM.

Burbed reader Mia wanted to share this with everyone. Sure it might collapse, but just think, if it does, you instantly get a lot where you can build 2 new homes. Spend a few bucks more and boom – you’ve got $2-3 million dollars worth of real estate.

Or, I suppose, you could just clean this unit up a little and live in it. You might even be able to write a book and get a deal out of it: “Falling down in Bernal Heights – a year of instant equity”.

I’m telling yah, at $449,000, this is yet another clear sign that the bottom has been reached. Just think of all the possibilities.

Frankly, I’m surprised Mia didn’t snap this up for herself – but thanks for sharing Mia!

Comments (32) -- Posted by: burbed @ 5:27 am






August 11, 2008

Let’s play fill in the footnote!

2105 Main St, Santa Clara, CA 95050 Santa Clara MLS# 80817070 – Property Details

$384,900


* Status: Active
* Bedroom: 3
* Bathroom: 1
* Year Built: 1954
* Lot Size: 5000
* Square Footage: 985
* List Date: 6/22/2008
* Garage Spaces: 1
* MLS#: 80817070

Fixer upper as reflected in this great price. Home has some nice features: Pergo floors, beamed ceilings, double paned windows, gas stove. Bonus room also. Upgraded bathroom with tile floors and shower walls. Prime Santa Clara Location*

Thanks to Burbed reader sonarrat for this find! I think it’s time to play “Fill in the footnote”!

*if you like airports

*if you like railroads

*if you like airports and railroads

*if you’re looking for a quick getaway

*_______________

sonarrat also wanted to call out picture 9, so let’s go to that:

Wow. That’s. Um. Yeah.

Well, for the price though, this can’t be beat. Easy access to an international airport? Come on! If this isn’t a sign that we’ve hit rock bottom in prices, I don’t know what is.

And guess what, when the new Terminal A is built and retailers like Armani, D&G, Chanel, and French Laundry: San Jose populate it, this neighborhood will be changed forever. Better buy now before you are priced out forever!

Comments (31) -- Posted by: burbed @ 5:47 am

August 10, 2008

Thanks to all who donated last week…

Thanks to all who donated last week!

Thanks to Chris!

Click here to post a comment -- Posted by: burbed @ 5:23 am

August 9, 2008

Dear Googlers, please start buying – you’re hurting everyone

The Google Effect: How the company’s shuttle line affects San Francisco real estate
J.J. Panzer, a property manager with Real Management Company, based in Noe Valley, said that again and again he’s gotten requests for rental apartments or homes near the 24th and Castro Street stop. “I always have fantastic, qualified tenants for any of our units near the shuttle stops,” he told me. “I think it’s really propping up the market.”

Panzer characterizes his Google tenants as young professionals between 21 and 35 who have the money to buy homes but are renting at a high price because they are in no hurry to settle down or buy homes that aren’t exactly what they want. “They’re selective, but they will pay a premium for quality,” he said.

One client he recalled told him he wanted to live within 100 yards of the stop. “We worked with him for three months, but never found something that fit his precise criteria,” he told me.

Indeed, all the real estate agents who responded to my inquiries about the Google Shuttle effect offered anecdotes about Google employees who were looking for homes to buy within spitting distance of a shuttle stop.

Dear Googlers,

Please buy real estate. ASAP. The fact that you are renting is evil. What happened to do no evil? Why don’t you want to support the rest of the state? Please be less selfish – you’re hurting everyone.

Please buy a house. Or two. Or three.

Thank you.

-The Real Bay Area

Comments (19) -- Posted by: burbed @ 5:22 am

August 8, 2008

It’s like living in Mr. Roger’s neighborhood!

25 Walnut Ave, Los Gatos, CA 95030 MLS# 80811426 – Property Details
25 Walnut Ave, Los Gatos, CA 95030
$1,499,000


* Status: Active
* Bedroom: 1
* Bathroom: 1
* Year Built: 1942
* Lot Size: 7520
* Square Footage: 816
* List Date: 5/28/2008
* Garage Spaces: 1
* MLS#: 80811426
*
A rare opportunity in one of the most desirable neighborhoods in Los Gatos. This charming brick cottage, built in 1942, is situated on a large sunny lot and with in walking distance to down town Los Gatos. Comes with city approved plans drawn by esteemed local architect Gary Schloh. Come by and see if this is your opportunity to have the home of your dreams. Seller will consider all offers.

Ah, finally a reasonably priced Real Bay Area home. Thanks to Burbed reader Mike for this find.

When I used to watch Mr. Roger’s neighborhood as a kid, I used to be disturbed by those fake models that they would pan over before the establishing shot of his house. Recently that’s become a new internet meme/art form – using soft focus to recreate scenes like that. Clearly, the Real Estate professional really admires that art scheme, and chose to use that in this photo.

Everything is simply meticulous.

Until this photo that Mike wanted to me to highlight:

Hm, what’s going on here? Mike guessed that it’s an empty pool, or a rad new skateboarding park. I’m sort of leaning towards the latter. Because then you could totally get some rad sponsorships and rent this out for parties. Hello passive income!

What do you think?

Comments (167) -- Posted by: burbed @ 5:03 am

August 7, 2008

Time to do your Christmas Shopping in Redwood City – sales are on!

170 Northumberland Ave, Redwood City, CA 94063 MLS# 80780395 – Property Details
170 Northumberland Ave, Redwood City, CA 94063


$249,000

* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1905
* Lot Size: 2625
* Square Footage: 630
* List Date: 2/25/2008
* Garage Spaces: 1

* MLS#: 80780395
Charming doll house very well maintained, granite tile counter tops in kitchen area.Walking distance to Target Regency Shopping Center, Bus & train station.2nd bedroom converted into a Livingroom. A must see, make offer before it’s gone!!!

In today’s edition of “The Bottom Of The Real Estate Market Has Been Reached”, Burbed reader Pralay has shared with us this fine dollhouse located in Redwood City. At 630 sqft, this is the perfect buy for the Atherton princess who has everything! Maybe Barbie really needs granite countertops so she can make fantastic meals for Ken!

Christmas sales happens earlier every year, so now is the time to stock up and save, save, SAVE! Heck, this house even comes with a Christmas wreath so you don’t need to wrap it up or anything. Plus, as this house was last sold on April Fools Day in 2005 for $485,000, you can be sure that this is an investment in your daughter’s future. Did I just hear a certain Barbie doll earn $236,000 in instant equity?

Doesn’t your little princess deserve the best?

Comments (121) -- Posted by: burbed @ 5:56 am

August 6, 2008

It’s all Burbed’s fault…

Palms Living – Las Vegas living in Santa Clara (models not included) [Burbed.com]
thefirstone Says:
August 6th, 2008 at 12:21 pm

Burbed, you (and others like you) are the reason the housing market is like it is now. I hope you remember this the next time and give better advice to people.

Ouch! Mea culpa!

Comments (18) -- Posted by: burbed @ 2:11 pm

More signs the bottom of the real estate market has been reached

2901 Broadway Street

Burbed reader Herve thought it would be good to point this unique property out. Apparently it’s been on the market 2 years ago for $75 million (really?).

In any case, it is now just at $48 million – another sure sign the real estate market has bottomed out and that it is now a great time to jump back in.

Just think, if you got a smart enough mortgage, you could easily buy this and get at least $22 million in instant equity. Wowsers!

What are you waiting for?

Comments (13) -- Posted by: burbed @ 5:26 am

August 5, 2008

$290,000 for a house that’s in Silicon Valley and not in East Palo Alto!

1547 FLORIDA Ave San Jose, CA 95122
Price: $290,000


Beds:     3
Baths:     1
Sq. Ft.:     960
$/Sq. Ft.:     $302
Lot Size:     5,777 Sq. Ft.
Age (Years):    49
Year Built:    1959
Type:    Detached Single Family
Style:    Ranch
Stories:    1 Story
View(s):    Neighborhood
Neighborhood:    Alum Rock
County:     Santa Clara
MLS#:     80779155
Source:     MLSListings
Status:     Active
On Redfin:     166 days
Unsold in 90+ days
Beautiful, remodeled home, tile kitchen floors and counters, large covered patio, garage converted to living area w/ two bedrooms.

Wow. Just wow.

Another day, another house that proves that real estate prices have absolutely hit the bottom here. THE BOTTOM.

Now, when Burbed reader Michele submitted this house, she thought that perhaps Fred Flintstone
or Barney Rubble lived in it. (Definitely not the Pope – he lives in Willow Glen)

Actually, the fact is that this house pays homage to Silicon Valley’s defense industry past. Yep, that’s right – this house is actually a test site for the new HouseCamo(flage) system. By blending in with its surroundings, this house simply disappears from terrorists and rapists – who would might otherwise try to attack and steal your instant equity from you. And you certainly wouldn’t want that to happen!

Better act soon – at this price, holy cow it’s going to disappear fast.

I hear there’s already a potential buyer lined up:

Comments (35) -- Posted by: burbed @ 5:14 am

August 4, 2008

Santa Clara county home sales are going gang busters!

Los Altos Town Crier » National home sales down, locally – up
In Santa Clara County, single-family home sales appear to be on an upward trend, according to information from MLSListings Inc., the Multiple Listing Service for the Silicon Valley Association of Realtors see article on page 38. There were 927 closed sales of single-family homes in Santa Clara County in June, up from 873 closed sales in May, 654 in April and 583 in March. The average price of homes in June was $922,149, down from $970,702 in May. During the same period a year ago, there were 982 closed sales of single-family homes in Santa Clara County, and the average price of homes in June 2007 was $1,066,610.

Today’s market offers long-term value for buyers, according to SILVAR President Leannah Hunt.

“As home prices drop a bit, there are good opportunities out there for serious home buyers,” she said.

Sweet! Things are rocking and rolling! This might not be a year of our god given 15% annual appreciation, but it might just coming back soon!

The Real Bay Area: unstoppable.

2009’s catch phrase? “Damn I’m priced out forever!”

Comments (268) -- Posted by: burbed @ 5:22 am