November 7, 2008

Great views! Convenient Auto Repair shops! Moffett Blvd in Mountain View!

330 MOFFETT Blvd Mountain View, CA 94043
Price: $865,000

Beds:     4
Baths:     2
Sq. Ft.:     1,176
$/Sq. Ft.:     $736
Lot Size:     5,700 Sq. Ft.
Age (Years):    48
Year Built:    1960
Type:    Detached Single Family
Style:    Contemporary
Stories:    1 Story
View(s):    Neighborhood
Neighborhood:    North Shoreline
County:     Santa Clara
MLS#:     80755840
Source:     MLSListings
Status:     Active
On Redfin:     387 days
Unsold in 90+ days
Fixer-upper
TLC in a prime location in Mountain View in an area zoned for commercial. Could remain residential or combo residence/business, the choice is yours. Within two blocks of downtown on Main St. Easy access to Hwy 85 & 101

Wait a minute… something about this seems familiar… Oh, that’s right:

Great views! Convenient Auto Repair shops! [Burbed.com]
November 7, 2006
Great views! Convenient Auto Repair shops!

MLSlistings Property Detail for MLS number 658573
330 MOFFETT BL
Mountain View, CA 94043

Thanks to Burbed reader Herve for the reminder. Wow. 2 years and this gem is still on the market. Lazy ass buyers. They wouldn’t know a good deal if one came and bit them on the butt – like this one!

Sheesh. What would it take for those lazy buyers to buy this amazingly versatile property?

Comments (76) -- Posted by: burbed @ 5:33 am

76 Responses to “Great views! Convenient Auto Repair shops! Moffett Blvd in Mountain View!”

  1. RealEstater Says:

    anon says,
    >>An interesting title: “All real estate is local.” Nice ring, but it doesn’t seem to mean much. Local to what?

    anon, let me help. What it means is, aggregate data is usless. Case in point: East Palo Alto is different from Palo Alto. Even within a given neighborhood, one street can make a huge difference. The phrase is not well understood by amateurs, but another way of saying it is: Location, location, location.

  2. anon Says:

    2009 conforming loan limit in the Bay Area is going from $719k to $625k – confirmed today by FHFA.

  3. rick Says:

    What does it take? If auto repair shop can go IPO for 10x sales, that is what it takes.

  4. RealEstater Says:

    >>2009 conforming loan limit in the Bay Area is going from $719k to $625k – confirmed today by FHFA.

    That’s still significantly higher than the old limit.

  5. nomadic Says:

    anon – the conforming limit doesn’t make much difference for people with good credit these days. The best rates are NOT with Fannie/Freddie mortgages. Since people with not so good credit are going to have a tough time buying in this market anyway, I don’t think the change in conforming limit will have any appreciable impact.

  6. Nobody Says:

    “the conforming limit doesn’t make much difference for people with good credit these days”

    I disagree – the quote I’m getting from eloan now versus just one month ago is a full 2% higher and I have perfect credit and high income.

  7. Real Estater Says:

    I think the number of people with bad credit is exaggerated in the context of RBA home buyers. There are plenty of qualified buyers out there. The bad credit crowd generally are in the low end market, and the market condition for that segment reflects that. Similarly, the RBA market is a different story, because it’s not like there are a bunch of low-income/bad credit people looking to get into these areas.

  8. anon Says:

    Nobody, that’s 2%. Big Fricken Deal. Homes like the one listed today are 45% inflated.

    RE said:
    “Local to what?

    anon, let me help. What it means is, aggregate data is usless. Case in point: East Palo Alto is different from Palo Alto. Even within a given neighborhood, one street can make a huge difference. The phrase is not well understood by amateurs, but another way of saying it is: Location, location, location.”

    Aside from bad grammar and misspelled words, RE can’t tell that my response tongue in cheek. Why should he be able to? Why would he even care to? He’s made a career out of reading words into posts, misunderstanding, misinterpreting, misconstruing, and misleading.

  9. anon Says:

    “I think the number of people with bad credit is exaggerated in the context of RBA home buyers. ”

    Stop right there. You think. Guess what? Not a single person here has any faith in what you think. Nobody – I repeat nobody wants to know what your thoughts are.

    Even your only supporter on here – WG has left you in the lurch.

  10. Pralay Says:

    Stop right there. You think. Guess what? Not a single person here has any faith in what you think. Nobody – I repeat nobody wants to know what your thoughts are.
    ——-

    But THIS TIME he is honest enough to say “I think”. At least he did not say “these amateurs don’t know but I know because I talked to couple of people from mortgage industry”

  11. nomadic Says:

    Nobody – sure the rate is up, but what is the spread between a $718k loan and an $800k loan now? Under current guidelines one would be “conforming” and the other not.

  12. nomadic Says:

    anon (#8) – it just happened again in the other active thread. I never once used the word “hiatus” or implied that I was leaving the site. Someone has a rather overinflated ego… ;-)

  13. anon Says:

    I know nomadic…it’s utterly hilarious.

    The man can’t see past his own biases and he is completely unaware that they exist.

  14. Pralay Says:

    The man can’t see past his own biases and he is completely unaware that they exist.
    —–

    Just get the idea why he is going extra miles to make his kids well-rounded.

  15. anon Says:

    Must be his wife that recognizes the need.

    He just sees lots of money going into his kids and assumes its important.

  16. Trader Joe Says:

    Wells Fargo 30 yr. fixed jumbo is 9.5%. Everyone should conform…

    https://www.wellsfargo.com/mortgage/rates

  17. anon Says:

    Agreed. That would be good for home prices.

  18. RealEstater Says:

    Bankrate.com shows average 30 year fixed at 6.03%:

    http://www.bankrate.com/brm/rate/mtg_home.asp

  19. nomadic Says:

    Everyone conforming doesn’t fit with the economics of high-cost areas. But I wholeheartedly agree that everyone should put 20% down like in the old days.

    30-year fixed jumbo rates are 7.34% in the Bay Area per bankrate.com. Conforming is 6.25%. Interest rates appear to have a local influence as well.

  20. RealEstater Says:

    Wow, that was a short hiatus!

  21. anon Says:

    And #20 was a helpful post!

    I, for one, would like to see more nomadick and less nomadic. ;)

  22. anon Says:

    Real Estater Argument Strategy #49569:

    Put words in opponent’s mouth and then hold them to said words.

  23. sonarrat Says:

    Are any no money down loans available? Or even 97% LTV if the house appraises higher than purchase price?

  24. anon Says:

    Real Estater Argument Strategy #45128:

    If you are backed up against a wall, simply change the subject.

  25. RealEstater Says:

    >>30-year fixed jumbo rates are 7.34% in the Bay Area per bankrate.com. Conforming is 6.25%. Interest rates appear to have a local influence as well.

    Case Study: Madhaus

    madhaus lives in a “shack” in 94087 worth $1M. She’s almost got the house paid off. If she sells today, it’s estimated that she’ll pocket $800K after taxes, broker commissions, and remaining loan amounts are paid off.

    madhaus desparately wants to move up, and has been blowing the “bubble talk” for a while. In any case, let’s see what she can buy.

    Assuming she wants to keep to a conforming loan to minimize interest expense, her borrowing ceiling would be $625K. That means her budget is $800K + $625K = about $1.4M, leaving some room for financing charges.

    Wow! Each your heart out Pralay and anon! Let’s see what she can get:

    1. A bigger shack in Cupertino Monta Vista district!

    2. An estate property in Los Altos with money to spare!

    3. Beautiful Eichler house in South Palo Alto, or…

    4. A bunglow in destination zip!

  26. RealEstater Says:

    Correction:

    >>Each your heart out Pralay and anon!

    should be

    Eat your heart out Pralay and anon!

  27. Pralay Says:

    Looks like Chuckie’s 27×7 IT Infrastructure mega-project is completely in disarray. Patches are getting released before the original release where patch should be applied. :)
    Probably due to timezone difference. Afterall it is multi-timezone project.

  28. DreamT Says:

    Correction:

    >> Ui3%w8Po0^w

    should be

    <insert something helpful here>

  29. RealEstater Says:

    DreamT,

    What are you doing here? I thought you just got a job?

  30. DreamT Says:

    Not exactly – co-founding a startup project. Work 24×7 for less pay than an intern – anybody’s idea of fun!

  31. RealEstater Says:

    Welcome to the 24×7 club!

  32. anon Says:

    Is it possible that nobody wants to talk to Real Estater in real life so he comes here trying to fulfill his basic human need for human interaction?

    That would explain the fact that he doesn’t seem to care that all the attention he gets is negative…

  33. RealEstater Says:

    The case study in #25 demonstrates that it’s not all that difficult to be part of the RBA market. Look at the situation here:

    - madhaus can have her choice of the cherry neighborhoods
    - madhaus is not particularly talented
    - madhaus does not need to put up additional cash
    - madhaus’ “overseas investments” are untouched
    - madhaus does not even have a job!

  34. RealEstater Says:

    anon,

    Is it possible that you are unemployed and have no family, thus just comes here to kill time?

  35. anon Says:

    It is entirely possible.

    Why do you answer my question with a question?

  36. Pralay Says:

    Question: Why does Chuckie claim he has 24×7 IT Infrastructure mega-project when all he does is acting like an used car salesman real estate agent in RBA asking people to “to be part of the RBA market“?

  37. Pralay Says:

    Is it possible that nobody wants to talk to Real Estater in real life so he comes here trying to fulfill his basic human need for human interaction?
    ——–

    His kids are too busy with various academic classes. His trophy wife is too busy with ***********************. Poor Chuckie alone working for mega-project!

  38. Anon Says:

    “Bankrate.com shows average 30 year fixed at 6.03%”

    Try getting that rate though – they had a low rate out there for B of A but when I actually contacted B of A the rate was 1.5% higher.

  39. RealEstater Says:

    anon,

    Do you understand the meaning of average?
    Why do you contact BofA when there are lenders that charge below the average rate? Why do you contact BofA anyways? Are you finally caving?

  40. RealEstater Says:

    I just checked AimLoan.com. You can get 30 year fixed with no points at 6% flat!

  41. anon Says:

    btw that’s a different anon/

  42. DreamT Says:

    How about you create a gravatar so we don’t have to wonder? :)

  43. nomadic Says:

    Usually he has his charming “URL” to distinguish himself from other anons out there. :-)

    It’s not in #34 but you can still tell it’s him (or her).

  44. anon Says:

    lol.

    DreamT, I can’t. I’ve thought about photo shopping flames onto RE’s lcd screen but I am too lazy.

    I figure among the people who know the tone would suffice.

    nomadic, were you around when RE asked burbed to verify anon and Pralay were posting from different ip addresses? LOL

  45. anon Says:

    “anon,

    Is it possible that you are unemployed and have no family, thus just comes here to kill time?”

    RE, is it possible you are a hippopotamus?

  46. nomadic Says:

    anon….LOL……..ROTFL…………! :-O

    I’d only say no to your last question because his hooves (paws?) would be too big to hit the keys.

    Yes, I was around for the IP address questions. Or at least ended up reading about it if Pralay linked to it at a later date. His lack of comprehension no doubt made him miss all sorts of clues to the contrary.

  47. Pralay Says:

    RE, is it possible you are a hippopotamus?
    ———

    He is not a homo sapiens. Therefore, I won’t rule out hippopotamus.

  48. burbed Says:

    Hey folks,

    Let’s watch it on the number of links. Anything past 2 gets sorted to the spam folder and then I have to fish them back out.

    Thanks.

  49. DreamT Says:

    #31 – Thanks. I might well learn more in a month than I have in the past two years. Looking forward to it.

  50. Pralay Says:

    Let’s watch it on the number of links. Anything past 2 gets sorted to the spam folder and then I have to fish them back out.
    ———

    Funny thing is that “average hitech guy” with 24×7 IT infrastructure mega-project does not even have clue that post #25 is tagged for spam and nobody can read it (but yet, he issues correction :) ).

    Anyway, why is Chuckie showing a South PA homes with “50K reduction” which is sitting on market more than 1 month? Shouldn’t this dream home be snapped up by a Facebooker or a foreigner within a week?

  51. RealEstater Says:

    >>does not even have clue that post #25 is tagged for spam and nobody can read it

    Maybe only you cannot read it?

  52. RealEstater Says:

    Pralay says,
    >>Anyway, why is Chuckie showing a South PA homes with “50K reduction” which is sitting on market more than 1 month?

    I thought you said I was cherry picking?

  53. Pralay Says:

    Maybe only you cannot read it?
    —–

    Doesn’t post #48 prove you are wrong?

  54. Pralay Says:

    I thought you said I was cherry picking?
    —–

    I take it as mistake from “overbidding everywhere” guy.

  55. Real Estater Says:

    Pralay,

    If the post is in the spam filter, how the heck did you read it? Who’s proving what now?

  56. Real Estater Says:

    >>I take it as mistake from “overbidding everywhere” guy.

    It was actually a mistake from a comprehension-challenged guy who thought “everywhere” is the same as “every single property everywhere”.

  57. anon Says:

    LOL

    Right. There is a difference between everywhere and everywhere EVERYWHERE.

  58. Pralay Says:

    If the post is in the spam filter, how the heck did you read it? Who’s proving what now?
    —–

    Because burbed approved it LATER from spam folder, “hitech guy” with 24×7 IT infrastructure. Not able to read #48? And the sarcasms in #27 and #28?

  59. Pralay Says:

    It was actually a mistake from a comprehension-challenged guy who thought “everywhere” is the same as “every single property everywhere”.
    ——–

    And it’s straw man argument where Chuckie defines “everywhere” means “every single property everywhere” and then argues against it.

    Instead of all these straw man argument how about Chuckie defines what he meant by “everywhere”?

    In May when Chuckie uttered the word “everywhere” it meant 50% sold homes in Cupertino. Now it means only 35% of homes. Of course sale volume dropped from 27 to 17.
    So it is apparent that Chuckie’s meaning of “everywhere” changes with market condition.

  60. Pralay Says:

    Right. There is a difference between everywhere and everywhere EVERYWHERE.
    —–

    Anon,
    Using vague words/phrases is the first mantra of used car salesman. When a car salesman says “we sell a lot of this model everyday“, his “lot” could mean any plural number – e.g 3.

  61. madhaus Says:

    Good thing I just got a huge royalty check. That cherry-picked display of gawd-awful homes in “better” zip codes was incredibly depressing. At least the Los Altos shack has more land than mine. Wow. What a clustf— of BAD. It’s enough to make a real estate fan like me put my cash into tulip bulbs. At least if there’s a worldwide depression, I can eat them.

    The last thing I’d do in a market like this is borrow more money to downgrade my house into an “upgraded” zip code. Either we swing it with our cash on the sidelines or we hang on in this hovel and keep paying Prop 13-low taxes.

    When the high end gets drop-kicked out of the Million Dollar Club, at least I won’t have gone into debt for the ride back down.

    As to this featured home — you gotta be kidding me! Moffett Boulevard! Ahahahahahahah! Hey, is St. James Infirmary still open or did it burn down one time to many? What a place a to live.

    Seriously, I actually moved in with someone who lived off Moffett in one of the townhouse developments nearby. No way I would live ON Moffett. Unless I wanted to turn my living room into a tat parlor.

  62. Rocket Says:

    Madhaus, it looks like a significant portion of the land that comes with that Los Altos property is in the creek behind it.

  63. RealEstater Says:

    madhaus says,
    >>That cherry-picked display of gawd-awful homes in “better” zip codes was incredibly depressing. At least the Los Altos shack has more land than mine. Wow. What a clustf— of BAD.

    That was based on the assumption you wouldn’t be putting up any more money, and you won’t be paying jumbo rate. In other words, it’s a free upgrade. If you’re willing to make the leap to $2M range, which is still way over 20% down, you’ll surely be able to get into a more decent property.

  64. anon Says:

    Gee. ISN’T THAT WEIRD?

  65. anon Says:

    Do you think the requirement of 20% down has ANYTHING to do with why the RBA didn’t see the gains that other areas did?

    Of course you don’t. Why am I asking?

  66. RealEstater Says:

    anon,

    I think RBA buyers have mostly been putting down 20% or more whether or not there is a requirement. On a million dollar property, we’re just talking about $200K, the price of 2 Cayenne Turbos.

  67. anon Says:

    Right buddy. That’s how the shacks in the ghettos and in fly over land came to be overvalued.

    People putting 20% down.

  68. anon Says:

    That’s how a lettuce picker who makes $14,000 a year got himself into a $700,000 home.

  69. anon Says:

    Because the ‘creative financing’ was not used as much in the RBA, it did not drive the price as much.

    Hence, RBA does not double every 10 years.

  70. nomadic Says:

    psst – anon – what about the “free” upgrade that costs $625,000?

  71. anon Says:

    huh? free? hell it pays you.

  72. madhaus aka guitar hero Says:

    psst – anon – what about the “free” upgrade that costs $625,000?

    Oh no! I “won’t be putting up any more money”! Don’t you get it? Debt is wealth! Definitely the best strategy during a worldwide economic collapse.

    Chuckie : stupid ::

    a) bag : hammers
    b) box : rocks
    c) sandwich : picnic
    d) french fry : Happy Meal
    e) it cannot be determined from the information given

  73. anon Says:

    Oh come on Madhaus, do your part to bail out the banks. They need your down payment.

  74. Herve Says:

    The house has been relisted at the same price. Some sellers can be really stubborn!

  75. nomadic Says:

    Guess the owners are demanding their god-given right to a half-million dollar profit on that POS. In less than six years, no less! More than double in under ten years; they’re just being greedy.

  76. A. Lewis Says:

    Wow, since 2006 – any other follow-ups I missed your posts on lately Herve? I don’t usually read the RSS feed…


Leave a Reply

Please be nice. No name calling, no personal attacks, no racist stuff, no baiting, etc. Let's be nice to each other in the true Bay Area spirit! (Comments may be edited/removed without notice.)