November 12, 2008

Further proof that Sunnyvale now has affordable housing…

775 Lakebird Dr, Sunnyvale, CA 94089 Sunnyvale MLS# 80836950 – Property Details

$399,000

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1957
* Lot Size: 5616
* Square Footage: 1108
* List Date: 9/27/2008
* Garage Spaces: 2

* MLS#: 80836950
Description of 775 Lakebird Driv, Sunnyvale
Needs some TLC, but has lots of potential!

Seriously… you can now afford a house in Sunnyvale for the price of a condo. Sure, all the schools closest house have API scores below 775, but at this price, how can you refuse?

It just needs a little TLC – unfortunately since we’re missing some pictures, we won’t know what need to be repaired, but how bad could it possibly be?

Again, this is another example of the great deals on the market right now. I bet you could totally profit from renting this out after fixing it up. Any landlord mentors want to comment on this?

Comments (358) -- Posted by: burbed @ 5:22 am






November 11, 2008

What’s being sold here? The house… or the realtor?

601 WARRINGTON Ave Redwood City, CA 94063
Price: $368,000


Beds:     3
Baths:     1
Sq. Ft.:     920
$/Sq. Ft.:     $400
Lot Size:     5,000 Sq. Ft.
Age (Years):    56
Year Built:    1952
Type:    Detached Single Family
Style:    Ranch
Stories:    1 Story
View(s):    Neighborhood
Neighborhood:    Dumbarton Etc.
County:     San Mateo
MLS#:     80812551
Source:     MLSListings
Status:     Active
On Redfin:     146 days
Unsold in 90+ days
Price Reduced! Come and buy you next HOME or EXCELLENT INVESTMENT!!!. Sizable corner lot. Parquet hardwood floor and carpet. Attractive dining room area. Garage in backyard that has been converted to usable space has potential for conversion to unit for rental$$$$$. New exterior paint and updated double paned windows. Easy access to Woodside and Middlefield Road, near Sigonas and Costco–Fantastic

Frankly there’s not much wrong with this house. It’s got FANTASTIC access to Costco, and has great opportunities for you to monetize the garage. $$$$$$!

But the real reason this house is being featured today is the unique ad on the sign. I mean… really… what is being sold here? The house? Or the realtor?

Well, regardless, this is the next EXCELLENT INVESTMENT – so what are you waiting for? I mean, come on… easy access to Woodside and Middlefield. Just think of the pride you’ll have as an owner!

Comments (43) -- Posted by: burbed @ 5:52 am

November 10, 2008

My apologies for the awful downtime…

My apologies for the awful downtime. I am investigating why that happened.

Comments Off Posted by: burbed @ 10:27 pm

Price cuts continue at 304 America – America is better than ever!

May 20, 2008:

July 25, 2008:

Now:

Man… renters are mean. Look at all these huge massive price reductions that this house has suffered through. This has been over 8% off the original asking price. If this isn’t a deal, I don’t know what is?

What are you buyers on the sidelines waiting for? Did you really expect this to drop to $0? Are you really waiting for 50% off?

Come on… Even Zillow estimates that it is $416,500! In fact, this house was last sold on 3/19/2004 for $420k. This owner can’t be denied anything less than his god given 8% year over year appreciation. Otherwise, the laws of nature will be violated!

Do something! BRING ALL BUYERS AND PRESENT OFFERS I COMMAND YOU!

Comments (7) -- Posted by: burbed @ 5:10 am

November 8, 2008

Funky Scams on Craigslist

Moving Chronicles (08v9) Scams-I
Recent house price weakness makes us feel good about renting. Recent stock price weakness contributes to the idea house price weakness may continue.
To recap, discounting the months of uncertainty and extra workload while we continuously searched for a new rental, we found a new place, moved in during the summer and declared victory.
There are a couple more “lessons” we learned along the way which we will now presume to share with our readers.
The rental ad below seems like a very nice price for an area which many enjoy. Portions of Cambrian are zoned for good schools, so it is imperative to understand the exact location.
The first thing we asked this agent was the address: (The typos and spelling issues are they appeaed in the ad.)

Pretty interesting read. Be sure to read the Part 2 as well.

Seen any interesting scams in your neighborhood lately?

Comments (120) -- Posted by: burbed @ 8:45 am

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

November 6, 2008

2/1 or more… in Redwood City

540 Douglas Ave, Redwood City, CA 94063 Dumbarton MLS# 80832908 – Property Details

$264,900

* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1956
* Lot Size: 2500
* Square Footage: 830
* List Date: 9/9/2008
* Garage Spaces: 1
Cute 2br/1ba home with added in-law unit in garage (Permits Unknown). Home features hardwood floors in living room and bedrooms, kitchen has tile counters and appliances. Garage is converted with kitchenette, bathroom and living area/parking spot. House needs some TLC but has great potential!

Hey this is a pretty cute house and at a fairly reasonable price. Needs some TLC but has great potential? What does that mean?

Uh. Yeah. I guess it could use a little TLC. But look at the bright side! It’s got a Zestimate of $394,000! Cha-ching! It’s the sound of instant equity calling!

Sale History
07/21/2008:     $345,313 *
12/01/2003:     $420,000
07/03/2000:     $270,000
No other sale data is available
* Transaction not included in Zestimate. More info

Just look at those historical values! It’s only a matter of time before it hits 2003 prices again! Then it will be both a cashflow and appreciation play! WIN WIN!

Comments (23) -- Posted by: burbed @ 5:08 am

November 5, 2008

Giant Price Cut on House in Mountain View – now affordable

$850 per square foot – “Perfect starter or retirement home” [Burbed.com]
September 17, 2008
$850 per square foot – “Perfect starter or retirement home”

1758 Crane Ave, Mountain View, CA 94040 Miramonte MLS# 80826261 – Property Details

$848,000

* Status: Active
* Bedroom: 3
* Bathroom: 1
* Year Built: 1952
* Lot Size: 5616
* Square Footage: 998
* List Date: 8/5/2008
* Garage Spaces: 1

Charming 3BD/1BA house in a fantastic cul-de-sac neighborhood. Refinished hardwood floors, fresh paint, new light fixtures, and fireplace. Spacious front and rear yards with distinctive gardens and beautiful rose beds. Walk to Cuesta Park and Blossom Valley shopping center with Starbucks and Safeway. Perfect starter or retirement home for anyone wanting a desired Mountain View location.

Remember this house?

Well, I have sad news everyone – it’s price has been cut.

The new price?

That’s right everyone. A 2% price cut.

Finally, these difficult economic conditions have hit Mountain View. The suffering has begun – but I think this is as far as it will get. 2% ouch!

On the other hand, Mountain View is now more affordable than ever. From $849 per square foot, it’s now $830! What do you expect for an address as prestigious as this? Let’s face it – the bottom has been reached.

Thanks to the anonymous tip on this tragedy!

Comments (33) -- Posted by: burbed @ 5:04 am

Some comments from RealEstater

Some comments from Madhaus [Burbed.com]

RealEstater Says:
November 1st, 2008 at 9:38 pm e

Here are some of the most recent data on RBA sales:
324 Valparaiso Ave, Atherton – Sold for $2.15M. Previous sale: 6/00, $1M

1172 Santa Cruz Ave., Menlo Park (note: a high traffic street) – Sold for $1.65M. Previous sale: 4/97, $670K

161 Eunice Ave., Mountain View – $1.2M. Previous sale: 6/00, $747K

565 Minton Lane, Mountain View – $1.035M. Previous sale: 9/03, $695K

1664 Notre Dame Drive, Mountain View – $1.359M. Previous sale: 9/96, $390K!

881 East Meadow Drive, Palo Alto (Note: High traffic street) – $1.25M. Previous sale: 1/04, $886K

2741 Carolina Ave., Redwood City – $939K. Previous sale: 3/93 – $312K

What have you noticed lately in your neighborhood?

Comments (149) -- Posted by: burbed @ 4:40 am

November 4, 2008

It’s Election Day. Go vote to preserve the Real Bay Area

Sorry for the re-run, but it is Election Day after all. Go vote!

One of the best and biggest advantages of living in California is that you are able to make a giant impact through Propositions! For example, in 1978, voters ignored their callous politicians (who they had elected), ignored greedy corporations like Bank of America and Standard Oil that the idea would lead to ruin, and enacted the world famous Prop 13 – ensuring that real estate prices would stay high forever, ensuring that our schools and services would have no funding, ensuring that corporations would have a huge tax loophole forever, and ensuring that once you own land in California, you are king. Strong family values.

Well, it’s now that time of year again! Election season! Time for you to make an impact. Here’s Burbed’s guide to the Propositions!

Proposition 1A. Safe, Reliable High-Speed Passenger Train — State of California (Bond Act – Majority Approval Required)
To provide Californians a safe, convenient, affordable, and reliable alternative to driving and high gas prices; to provide good-paying jobs and improve California’s economy while reducing air polution, global warning greenhouse gases, and our dependence on foreign oil, shall $9.95 billion in bonds be issued to establish a clean, efficient high-speed train service linking Southern California, the Sacramento/San Joaquin Valley, and the San Francisco Bay Area, with at least 90 percent of bond funds spent for specific projects, with federal and private matching funds required, all bond funds subject to an independent audit?

Vote No! This will destroy some of our most fragile downtowns – like Mountain View, Burlingame, and others. Furthermore, do we really need access to SoCal? Clearly there’s no reason to go down there, the Bay Area is the most important part of California. Thus, this is being proposed so cultureless SoCal’ers can come up here. Forget about it – this won’t help boost real estate values in the Bay Area. Now… if they were going to build a high speed rail to Moscow, Shanghai, or Mumbai to attract more foreign dollars which are pouring in to buy real estate in world famous Cupertino – that’d be a different story!

Proposition 2. Standards for Confining Farm Animals — State of California (Initiative Statute – Majority Approval Required)
Shall certain farm animals be allowed, for the majority of every day, to fully extend their limbs or wings, lie down, stand up and turn around?

Vote Yes! This will require farms to expand, thus causing land to become even more valuable and expensive. This will help real estate prices for sure!

Proposition 3. Children’s Hospital Bond Act. Grant Program — State of California (Initiative Statute – Majority Approval Required)
Shall $980,000,000 in general obligation bonds be authorized for construction, expansion, remodeling, renovation, furnishing and equipping of eligible children’s hospitals?

Vote No! Come on! Californians voted for Prop 13 30 years ago to send a strong signal: children are not our future. Not only will this not help our most valuable citizens – the baby boomers, our future retirees, this will hurt them by preventing more seniors hospitals from being built. And seniors are the kind of people we need to attract! Can you imagine if we had more world class elderly hospitals? Think about all the cash and equity rich retirees that would be pouring in from Florida, the United Arab Emirates, New York, and London! Think about it: do children have money? No! So why do we want more?

Proposition 4. Waiting Period and Parental Notification Before Termination of Minor’s Pregnancy – State of California (Initiative Constitutional Amendment – Majority Approval Required)
Shall the California Constitution be changed to prohibit abortion for an unemancipated minor until 48 hours after physician notifies minor’s parent, legal guardian, or, in limited cases, substitute adult relative?

Vote Yes! We need to eliminate abortion. Think about it: more fetuses, more people, more need for houses. Eliminating abortion can only help boost real estate prices (though we may need more police as well if you believe in Freakanomics….)

Proposition 5. Nonviolent Drug Offenses, Sentencing, Parole and Rehabilitation — State of California (Initiative Statute – Majority Approval Required)
Shall $460,000,000 be allocated annually to improve and expand treatment programs?

Vote Yes! Just think about how amazing it would be if we could turn these small time drug dealers into something more productive and relevant: mortgage brokers and realtors. Exactly! This is the future right here! With their skills, even more people will be talked into buying houses. “What are you chicken? All the cool kids are buying condos!” Also, with more criminals out and rehabilitated, there will be more demand for housing. Real estate wins again!

Proposition 6. Police and Law Enforcement Funding. Criminal Penalties and Laws — State of California (Initiative Statute – Majority Approval Required)
Shall of minimum of $965,000,000 of state funding be required each year for police and local law enforcement?

Vote Yes! Just incase Prop 4 and Prop 5 pass – this may be helpful. Besides, more police will help house prices.

Proposition 7. Renewable Energy Generation — State of California (Initiative Statute – Majority Approval Required)
Shall government-owned utilities be required to generate 20% of their electricity from renewable energy by 2010, a standard currently applicable to private electrical corporations? Shall all utilities be required to generate 40% by 2020 and 50% by 2025?

Vote Yes! Who doesn’t like clean skies? This will raise real estate prices.

Proposition 8. Eliminates Right of Same-Sex Couples to Marry — State of California (Initiative Constitutional Amendment – Majority Approval Required)
Shall the California Constitution be changed to eliminate the right of same-sex couples to marry providing that only marriage between a man and a woman is valid or recognized in California?

Vote No! We need gays and lesbians to marry! Why? Once people get married, they will instinctively want to settle down. And what does settling down mean? That’s right! Switching from renters to homeowners. More married same-sex couples will mean more demand for homes. And more demand means higher prices!

Proposition 9. Criminal Justice System. Victims’ Rights. Parole — State of California (Initiative Constitutional Amendment and Statute – Majority Approval Required)
Shall notification to victim and opportunity for input during phases of criminal justice process, including bail, pleas, sentencing and parole be required? Shall victim safety be a consideration for bail or parole?

Vote No! We need more people outside of jail – not behind bars. What good are people behind bars? They have free housing! We need to get them out, and get them into some sub-prime mortgages! Sorry victims!

Proposition 10. Alternative Fuel Vehicles and Renewable Energy. Bonds — State of California (Initiative Statute – Majority Approval Required)
Shall $5 billion in bonds paid from state’s General Fund be authorized to help consumers and others purchase certain vehicles, and to help research in renewable energy and alternative fuel vehicles?

Vote No! We all want cleaner air and less traffic. The solution is to make sure that only those who can afford to drive clean air cars are allowed to drive! If that were to happen, the Bay Area would be even more progressive! And progressive areas attract the smartest and richest people. Win win!

Proposition 11. Redistricting — State of California (Initiative Constitutional Amendment and Statute – Majority Approval Required)
Shall the authority for establishing state office boundaries be changed from elected representatives to a commission comprised of Democrats, Republicans, and representatives of neither party selected from the registered voter pool in a multilevel process?

Vote Yes or No! Who cares?

Proposition 12. Veteran’s Bond Act of 2008 — State of California (Bond – Majority Approval Required)
Shall a nine hundred million dollar ($900,000,000) bond be issued to provide farm and home aid for California veterans?

Vote Yes! Duh. This might as well say “Do you want the future generations to pay for homes for veterans of today and boost your real estate prices?” Duh!

Well… these are the official stances of Burbed.com on how you should vote on this year’s Propositions!

Agree? Disagree? Let’s hear ‘em!

Comments (92) -- Posted by: burbed @ 5:19 am