June 22, 2009

Someone please call the police in San Carlos – riot on 6/30

253 KELTON Ave, San Carlos, CA 94070 | MLS# 80921524
253 KELTON Ave San Carlos, CA 94070
Price: $1,179,000
Beds: 4
Baths: 2.5

Sq. Ft.: 2,484
$/Sq. Ft.: $475
Lot Size: 4,400 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 2
Year Built: 1947
Community: El Sereno Corte
County: San Mateo
MLS#: 80921524
Source: MLSListings
Status: Active
On Redfin: 44 days
LAST CHANCE! COMING OFF MARKET ON 6/30!! 10K REDUCTION. Remodeled 2-story home in White Oaks! 4 lg BR, 2.5BA. Maple h/w flrs, chefs kchn w/ granite counters, luxury stnlss appliances, built-in fridge & freezer. Downstairs master w/ walk-in closet. French doors open to slate patio. 2 upstairs bedrooms w/ Jack-n-Jill BA. Ceiling fans throughout. Upstairs family room away from bedrooms for privacy.

Thanks for Burbed reader Rink Rat for sharing this!

Here’s what he had to say:

Oh my god.  Now I see where the term “Realtards” comes from.  Take a  look at MLS 80921524. It has been on the market since 6/17/08 —  basically a year — under a variety of brokerages.    So what do they do to convince people to buy a house that’s obviously massively overpriced?????  They drop  it $10,000.  I can hear the stampede of  buyers from here….

Could someone please call the police in San Carlos to let them know about a possible pending riot. I can see it now, hordes of people are going to descend on this house from San Jose, Washington DC, Seattle, Shanghai, Moscow to snatch it up before it goes off the market.

Traffic is going to be zoo. They’ll need riot gear.

Once this house goes off the market, it will be like the sun imploding – there will be no hope left. People will freak out. 4 horsemen, and all that.

$10,000 has already been droppped from the price. The warning shot has been fired.

Be prepared. Strap on the kevlar before you go.

Any predictions as to what will happen on 7/1?

Comments (8) -- Posted by: burbed @ 5:57 am

8 Responses to “Someone please call the police in San Carlos – riot on 6/30”

  1. Christina Says:

    Not to mention that it looks like SOMEONE took a photoshop class… have you checked out those spiffy photos? I would live in that house if I could look perpetually photo shopped too. Can they ALWAYS make the sky in my yard look that blue?!

  2. nomadic Says:

    I wonder if those are Pergo floors.

    Do you suppose the flippers will rent the place, go into default or just live there if an offer doesn’t magically materialize on June 30?

  3. Joe Says:

    What a bunch of realtard BS. Let it go off the market and come back as a REO with $300k off the current listing in 9 months.

  4. nomadic Says:

    Another probable reason for sitting on the market – the upstairs family room is “away from the bedrooms.” The master BR is on the first floor. Sounds like an upside down house in fact as well as concept. (Current list is $1k below purchase price. And did you notice that the owners before the current owners reaped a 25% gain in less than a YEAR of ownership? Huh, maybe they were the flippers, not the current owners.)

  5. madhaus Says:

    I love the ratio of house square feet to lot square feet. No matter how good the mad photoshop skillz are, it’s impossible to hide the fact that this barely qualifies as a SFH. The keystoning in that first photo makes it look like only an elf could fit between this house and its neighbor. Not even enough room for the trash bins.

    I don’t care how many nursery rhymes can be used to describe this place; if it doesn’t come with a decent sized lot, it isn’t worth more than $100K.

  6. sfbubblebuyer Says:

    I’m guessing the bank takes possession on July 1st.

  7. steve Says:

    there is likely a mortgage, but propertyshark doesn’t have it. and, while the 7/1 withdrawal may be a bluff, houses get pulled all the time because sellers don’t get the price they are looking for. the owner could decide to rent it out, not to trade up or to let it sit.

    stubborn sellers (who can afford to hold out for a very long time) are the primary reason we have seen pretty good price support. low total sales figures each year (meaning low turnover over the last decade) are another. the set of folks with nice houses who have to sell just isn’t that high.

    after a slow summer I suspect we’ll see a touch of panic in the fall, but there is a lot of money on the sidelines too ready to buy on the dips.

  8. nomadic Says:

    Good thing the RBA bottomed in January. 😉

    Revised forecast from the Mortgage Bankers Association:

    The MBA now expects existing home sales in 2009 will be 4.8 million units, a drop of 1.2 percent from 2008, and new home sales to be 352,000 units, down about 27 percent.

    It expects the median price for new and existing homes will continue to fall about 10 percent from 2008 levels, but leveling off in 2010 as the economy improves.


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