Excellent HWY 880 visibility, Next to a Window Shop
675 Hamline St, San Jose, CA 95110 Central San Jose MLS# 80912084 – Property Details
675 Hamline St, San Jose, CA 95110
$485,000
Status: Active
Bedroom: 2
Bathroom: 2* Year Built: 1947
* Lot Size: 3827
* Square Footage: 1716
* List Date: 3/9/2009
* Garage Spaces: N/A
* MLS#: 80912084Property is being rented. Excellent HWY 880 visibility. Next to a Window Shop in a Light Industrial area.
It’s Friday and I figured I’d feature this fine house that sonarrat found. Personally, I love The Truth, so I find it great when Realtors come out and demonstrate the reality of a certain house.
Let’s face it, this house isn’t going to win any design awards. Heck, it might not even be a house. But it’s got excellent Highway 880 visibility so that you know how traffic is like before you leave. You’ll also have great SJC visibility so you can partake in hobbies like planespotting. Finally, you live near a window shop so you can get great deals on quintuple pane windows.
Great find. Great value. Great deal. This is definitely a winner in my book!
May 1st, 2009 at 5:45 am
If I lived in this ‘house’ every relative and friend would think I am mentally ill.
If they found out I paid almost half a million to live there, they’d have me committed.
Let’s face it…most reasonable people would not live in this dwelling for free.
It is many steps below what I lived in as a grad student, and I lived in some pretty crummy places.
May 1st, 2009 at 6:14 am
How are you even allowed to live here? Doesn’t SF have any zoning restrictions? I mean most places you can’t live in an industrial area. Come on people!
May 1st, 2009 at 8:26 am
It’s actually zoned heavy industrial. That whole little ‘hood is. You can’t make this stuff up.
May 1st, 2009 at 9:17 am
Burbed experts I need some advice. I am in escrow on a new home. My loan to value ratio is 60% with a county conforming loan. Our debt to income will be 3:1 with this loan. Our credit scores are above 790. A motgage broker from a lending website that is also a tree told me “Your credit score and LTV don’t matter, banks don’t want your money and they don’t want to lend you theirs. You will not be able to negotiate any terms with any bank.”. Is a really true? Banks don’t want to be in the banking industry anymore?
May 1st, 2009 at 10:12 am
With an LTV of 60%, believe me, everyone wants to be in the banking industry. That’s just a hair off of what’s considered an “all cash” offer.
May 1st, 2009 at 10:19 am
Sounds like crap to me. I’ve been casually talking to mortgage people about a refi and they’re all over it. They love low LTV situations. Find a new broker – ask friends & relatives for a referral.
May 1st, 2009 at 10:52 am
Just wow. I mean you expect these listings in during the fever of 2007 (and even then – the location is just gross), but now???
PropertyShark tells us the last sale was 9/24/2004 for $365k, including 20% down, and an ARM.
After 4 1/2 years, he wants $485k. 33% appreciation in this wonderful location.
I mean…just what the hell?
May 1st, 2009 at 12:28 pm
A., nothing surprising about listing at prices like this. What would be shocking is that someone actually snaps it at asking price
Very nice find, sonarrat. This property suspends belief.
May 1st, 2009 at 12:54 pm
Yeah, but it’s one thing when a nice house in a nice neighborhood is overpriced. That’s really something to argue about.
But this kind of naked, blind greed exemplifies what’s WRONG with bay area housing.
Once in a while, people are stupid enough to buy such a house at such a price, and that is just bad for everyone.
May 1st, 2009 at 1:08 pm
I’ve actually seen more of these smash-head-into-wall listings in the past couple months than I have at any time since the bubble burst. I think people are hearing on the media that the economy is in recovery mode, and so they’re coming out of the woodwork trying to pick up where they left off.
1735 Margaret St, San Jose – see street view!
650 Willow St, San Jose – “Two SFR’s and a grocery store, somewhat blighted”
1322 Settle Ave, San Jose – $829/sf in Willow Glen
14078 Alta Vista Ave, Saratoga – are you effing kidding me.
May 1st, 2009 at 1:24 pm
I find it amusing that of the 4, 3 did not have photos. Maybe those realtors know something after all…
May 1st, 2009 at 1:30 pm
Yeah, they know they shouldn’t waste too much time on a lost cause.
May 1st, 2009 at 2:29 pm
The one in Saratoga has a fascinating sales history:
Aug 25, 2006 Sold $966,000 6.1%/yr
Aug 31, 1999 Sold $639,500 17.1%/yr
Apr 03, 1997 Sold $437,500 1.3%/yr
Mar 15, 1990 Sold $400,000 701.1%/yr
Mar 15, 1989 Sold $50,000 –
May 1st, 2009 at 3:12 pm
Excellent highway visability. Awesome. I can watch the cars drive by on my front porch couch as I drink beer.
May 1st, 2009 at 3:31 pm
You have a front porch couch too? Sweet!
May 1st, 2009 at 4:18 pm
TGIF! How is everyone? I’ve been in executive meetings all week, and it’s burning me out!
Anyways, have you guys watched Cramer lately? He’s basically saying that the bears are on the run now, as conditions are improving, and this country will not fall into a “lost decade” type scenario experienced by Japan. The stock market agrees, and we’re over 8200 on the Dow now.
May 1st, 2009 at 4:53 pm
Cramer is a clown. He’s been calling bottom since last fall, practically. I’ll admit he might FINALLY be right this time though. Hey, he has to be eventually.
May 1st, 2009 at 5:00 pm
Anyways, have you guys watched Cramer lately?
—-
You mean those shows which are “primarily for entertainment”?
May 1st, 2009 at 5:29 pm
“TGIF! How is everyone? I’ve been in executive meetings all week, and it’s burning me out!”
Aww, poor amateur.
May 1st, 2009 at 8:46 pm
They should paint it pink and put a giant unicorn on the roof. Then maybe it would sell. No, I’m not in marketing.
May 2nd, 2009 at 10:26 am
“Anyways, have you guys watched Cramer lately? He’s basically saying that the bears are on the run now, as conditions are improving, and this country will not fall into a “lost decade” type scenario experienced by Japan. The stock market agrees, and we’re over 8200 on the Dow now.”
That’s pretty convincing evidence. I’ve never known Cramer to be wrong about anything…
http://www.youtube.com/watch?v=gUkbdjetlY8