September 23, 2008

950 sqft home – perfect for 2 families in San Jose

Welcome to Day 2 of San Jose week!

377 Serrano Ave, San Jose, CA 95127 Alum Rock MLS# 80752661 – Property Details

$449,000

* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1952
* Lot Size: 7074
* Square Footage: 950
* List Date: 9/18/2007
* Garage Spaces: 2
* MLS#: 80752661
GOOD HOME FOR TWO(2)FAMILIES TO LIVE TOGETHER BUT INDEPENDENTLY & MORE PRIVACY.MAIN UNIT CONVERTED TO 3BEDROOMS WITHOUT PERMIT.GARAGE CONVERSION WITH 2BEDROOMS I BATH DONE BY PREVIOUS OWNER WITHOUT PERMIT.FUTURE OWNER MAY LIVE IN ONE UNIT & RENT REAR UNIT FOR EXTRA INCOME TO HELP PAY MORTGAGE.HUGE SIZE LOT WITH PLENTY OF PARKING SPACES.

Come celebrate the entrepreneurial spirit of Silicon Valley! When you buy this house, you can live together but with privacy. Silicon Valley is famous for its strong family values, and this house definitely shares those as well.

But wait… it gets even better, there’s amazing extra equity involved! Let’s check the big Z:

ZESTIMATE®: $356,500

Sold 08/19/2008: $356,400

Wowsers! This was just sold recently! But no matter, their pain is your gain. Boom you can now have $92k in instant equity by buying this house. And then, you’ll be able to rent out that extra house for what… $1500? $2000 a month? (Rent is soaring, haven’t you heard?)

The deals these days… it’s simply amazing. Wow – the money to made around here is simply amazing.

BOOM times are just around the corner – now’s the time to get yourself in on this deal you investor you.

Comments (14) -- Posted by: burbed @ 5:08 am

14 Responses to “950 sqft home – perfect for 2 families in San Jose”

  1. nomadic Says:

    wow, deja vu!

    two families! just imagine the rental income!

  2. nomadic Says:

    WHOA! This place has been on Redfin for 371 days! So the “sale” must’ve been the bank taking it back. (Yet PropertyShark doesn’t have a change in ownership recorded.) Previous sale was October 2005 for $550k with 10% down.

    This isn’t WillowGlenner’s usual neighborhood, but maybe he’d like to add this to his empire? Think of the rents! But seriously, with all that adding on without permits, I’d worry about the place burning down or something.

  3. DreamT Says:

    I say from now on we only address WillowGlenner as “The Emperor”

  4. madhaus Says:

    Compared to the complete fool permabull allegedly from P’Alto, WG is the Emperor. Or at least the King.

  5. Prof. Bleen Says:

    Using this house as a metric, a 950-sq.ft. home should have room for 3.3 families. And the front yard could hold three campers easily.

  6. madhaus Says:

    Prof Bleen, thanks for the comp from last year. So this house is 40% bigger but only sells for $20K more? At this rate, in five years I could buy both Eastridge and Reid-Hillview for $700K.

  7. nomadic Says:

    ah, Professor, you found the reason for my deja vu!

    (Nice blog, BTW.)

  8. anon Says:

    MH #4: “Compared to the complete fool permabull allegedly from P’Alto, WG is the Emperor. Or at least the King.”

    This statement is hilarious. Did you mean for the alliteration?

    Am I the only one who remembers WG calling Real Estater a “Class Act?”

  9. madhaus Says:

    I sure do. Ahahahahaha! That’s the reason I don’t see WG as a class act, either. A class act would have objected to RE’s behavior despite agreeing with his economic forecasting.

    Alliteration — when everything I hear sounds like a song lyric, it’s hard to avoid.

    Today’s song parody is based on a song by another one-hit wonder, The Buggles. (I swear this is NOT a -roll, rick or barack or any other type.)

    I got a place in Sunnyvale way back in Ninety Two
    Traded on up in just five years to Mountain View
    So I was young it didn’t stop me coming through

    Oh-a oh

    They loved my credit and admired my equity
    Refinanced twice more onto University
    and now I inherit the problems you can see

    Oh-a oh
    I met a banker
    Oh-a oh
    What did he tell you?

    Default swaps killed the real estate boom
    Default swaps killed the real estate boom
    Paulsen has now left the room
    Oh-a-a-a oh

    And now we meet here on my unwatered front lawn
    The foreclosure notice was tacked on my door at dawn
    And you remember when our equity was strong

    Oh-a oh
    You saw my first one.
    Oh-a oh
    This is the last one.

    Default swaps killed the real estate boom
    Default swaps killed the real estate boom
    Neither bank nor S&L, we can’t refi, we’ve gone to hell
    Oh-Alt-A oh,
    Oh-sub-prime oh

    Default swaps killed the real estate boom
    Default swaps killed the real estate boom
    Neither banks nor S&L, we can’t refi, we’ve gone to hell
    Markets fall and I bleed red, put the blame on f—ing Fed

    Your house is underwater now.
    My house is underwater now.
    Default swaps killed the real estate boom
    Default swaps killed the real estate boom
    Default swaps killed the real estate boom
    Default swaps killed the real estate boom

    Default swaps killed the real esate boom. (Our homes are sinking deep.)

  10. nomadic Says:

    You’re in rare form today! I had to click on the link only because I hadn’t heard that song in AGES. (First one to air on MTV too!) :-)

  11. Herve Says:

    > Today’s song parody

    Well done. (Matthew 25:23)

  12. madhaus Says:

    Thanks, anon and Herve. (Job 3:19)

  13. DensityDuck Says:

    I always preferred Job 38:4, aka “stfu noob”

  14. madhaus Says:

    Job 38:4
    King James Version (KJV)

    Where wast thou when I laid the foundations of the earth? declare, if thou hast understanding.

    Job 38
    From LOLCat Bible Translation Project

    Ceiling Cat startz tokking an wont shuddup

    1 And teh Ceiling Cat sez in teh windz:
    2 “OMG, WTF iz u sayinz? u iz a noob!
    3 “U getz reddy becuz naow I asks u sum kweschuns.
    4 “Wehre iz u wen I maded teh earths, ifs u iz so smart?
    5 “Who sayed, ‘Hay, iz gonna be tihs big.’
    6 “Whut iz unner teh earths? Who maded teh grouns?
    7 “when teh stars and stuffs were all liek ‘Hay’?
    8 “Who sayed ‘Oh hai waterz, u stay here, k?’
    9 “when the clowdz were liek, ‘Hai, we iz looks liek teh cloths,’
    10 “and I was liek, ‘Clowdz, u stay here, k?’
    11 “Srsly.
    12 “Does u sez, ‘Oh hai sun, u comes up now, k?’
    13 “and teh sun iz liek, ‘k, naow here iz teh earths.’
    14 “Iz sum pritty kool stuffs, like sum moar cloths.
    15 “Teh badd ppls iz liek, ‘OMG, I cant sees, and mah arm broekded.’
    16 “Does u walkz in teh seas, liek rly far unner teh waterz?
    17 “Does u knoes wut deaths iz liek, and has u been in teh unnerworld?
    18 “Does u knoes how big teh earths is, srsly? U tells me, stoopid.
    19 “How does u get to teh lites, and wehre is teh darks,
    20 “Does u hav sum kind uf maps or sumfing?
    21 “Oh yah, u muss be reel old becuz u knoes so much, rite? JK!
    22 “Does u knoes wehre teh snoes is, or wehre teh hails is,
    23 “wehre I keeps it just in cases?
    24 “Wehre iz teh lites comes frum? How bout teh windz?
    25 “Does u helps teh rayn and teh thunder,
    26 so taht teh rayn iz liek, ‘Oh hai, herez sum waterz’
    27 “and teh gras iz liek, ‘Oh hay lol.’
    28 “Teh raynz haz got sum dads, or wehres teh dews frum?
    29 “Is teh ice and teh frozts teh baybeez frum hevens?
    30 “Teh waterz iz liek ston and teh ocenz iz liek ‘Hay ice lol.’
    31 “Does u kin be liek ‘Hay Pleiades, u stays here, k? Hay Orion, u goes tehre, k?’
    32 “Does u kin be liek ‘OMG, Mazzaroth. WTF, Bear and sum kidz.’
    33 “Does u knoes teh stuffs uf teh hevens? Does u kin maek tehm pwn in teh earths?
    34 “Does u sez, ‘Hay clowdz, u rayns naow, k?’
    35 “Does u maek teh lightnins comes, so taht tehy sez, ‘Oh hai’?
    36 “Who maeks teh ppl knoe teh stuffs?
    37 “Who sez, ‘Hay tehres thiz minny clowdz’ or maeks teh rayns come sum moar
    38 “when teh dusts iz liek ‘OMG tehres liek tunz uf us lol’?
    39 “Does u sez to teh liunz ‘u can haz cheezburgr naow kthxbai’
    40 “when tehy iz liek ‘we can haz cheezburgr naow plz?’
    41 “Who iz liek ‘Hay burdies u can haz cheezburgr too’ becuz tehy wantz teh cheezburgr?”


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