Dueling houses in the city of San Mateo
Thanks to Burbed reader Sam for this find and write up! (Unfortunately this got caught up in my spam folder, so the situation has changed since the original write up…)
Here we go!
Oh yeah- it’s dueling houses time in the city of SM! Both 500K. Both 3 bedrooms. One has two baths, but only has 1 car garage; the other has 1.5 baths and a 2 car garage. Which house will prevail?!
Fighting in the dark gray shorts, priced at 500K, this house comes with 3 bedrooms, 2 bathrooms and a 1 car garage in a spacious 1080 sqft of living space perched on a spawling 5200 sq ft lot.
Beds: 3 Baths: 2 Sq. Ft.: 1,080 $/Sq. Ft.: $462 Lot Size: 5,202 Sq. Ft. Property Type: Detached Single Family Stories: 1 Year Built: 1955 Community: South Shoreview County: San Mateo MLS#: 81004982 Source: MLSListings Status: Active On Redfin: 12 days Great Opportunity for fist time buyer, excellent area, ready to move in! close to shoping Centers and transportation. Beaware of DOGS ON THE PROPERTY)
Fighting in the light gray shorts, priced at 500K, this house comes with 3 bedrooms, 1.5 bathrooms and a 2 car garage in a spacious 1010 sqft of living space perched on a spawling 5500 sq ft lot.
Beds: 3 Baths: 1.5 Sq. Ft.: 1,010 $/Sq. Ft.: $495 Lot Size: 5,460 Sq. Ft. Property Type: Detached Single Family Style: Ranch Stories: 1 View: Neighborhood Year Built: 1955 Community: South Shoreview County: San Mateo MLS#: 81004737 Source: MLSListings Status:
id="redfin_widget_GlossaryTerm_0" dojotype="redfin.widget.GlossaryTerm">Pending With ReleaseOn Redfin: 13 days Rancher oversized corner lot. Great conditions, ready to move in. Double window pannel, additional room with out permit. This house has a large yard with a covered patio. See it, make your offer, get the deal!
One house is on Kehoe- who wouldn’t want to live on a street terminating into a freeway entrance! Talk about convenient access to transportation!
But wait, the other is on Norfolk and Kehoe! Corner lot bliss! Not only can you get on the freeway faster than you can slam and tint a late-90s civic, but you also get to live on the avenue d’grace that is Norfolk. Don’t forget to budget a little extra to put up the chain link fence in your front yard- you wouldn’t want to fall out of step with your neighbors!
BUT WAIT THERE IS MORE!
Before you think dark shorts will give up without a fight- make sure you read the realtor’s description "Great Opportunity for fist time buyer, excellent area, ready to move in! close to shoping senters and transaportation. Beaware of 9DOGS ON THE PROPERTY)". (sic)
THAT’S RIGHT YOU GET SHOPPING SENTERS AND TRANSAPORTATION!!! I for one don’t know anywhere else in the Bay Area you can find shopping senters and transaportation. Transa-portation. Dayumn.NOT ONLY THAT BUT IT COMES WITH 9DOGS! Sweet Jesus, hallelujah! The lord has come down from on high and found me my dream house complete with a breeding operation/dog fighting ring. LAWDY-ME I’MA SAVED!
I’m a little afraid of "fist-time" buyers, but hey, San Fran isn’t too far away, I guess it’s time for me to start broadening my horizons.
Man, and to think that these places sold for 750K just 4 years ago. I-N-S-T-A-N-T E-Q-U-I-T-Y!!!!!!!!!
What!?!? They are both short sales!? The winner gets sold. The loser ends up REO. Will this end in a draw?
So far, it looks like 1301 is winning… but who knows! It’s going to be a photo finish!
February 23rd, 2010 at 5:44 am
This is the best one in a long time, burbed.
Transaportation. 9dogs. bwahaha
February 23rd, 2010 at 8:25 am
> Unfortunately this got caught up in my spam folder
BuyersAreIdiots, your rebuttal?
February 23rd, 2010 at 8:38 am
Today I was trying to post THIS very important post. Unfortunately it got caught up in spam folder due to Burbed’s stupid programming skill (why doesn’t he outsource this work to China/India?).
February 23rd, 2010 at 12:30 pm
>This is the best one in a long time, burbed.
I applaud the creativity of reader submissions!
February 23rd, 2010 at 1:16 pm
I love me some Shoreview. With the all-but-suppressed Somoan gangs and close proximity to the bay you’ll swear you were in a polynesian archipelago.
Other great reasons to live in the shoreview:
Awesome slab foundations- no need to worry about the smell of dead animals under your house!
Proximity to the Wastewater treatment plant- Your stuff gets cleaned up faster!
Horrall Elementary- scores a 3 on great schools.net! Hey, it could have been worse!
February 23rd, 2010 at 4:58 pm
1532 (dark gray) reduced to $445K 2/23/10.
1310 (light shorts) pending.
February 23rd, 2010 at 5:10 pm
our local oxy-MORON would love that headline: “Home prices still falling, but getting better”
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/02/23/BUS81C5UD5.DTL&tsp=1
Because home prices CAN get better WHILE still falling!
February 23rd, 2010 at 5:12 pm
No no 0 the rate at which home values are falling is getting better. They are still falling, mind you. It’s the difference between the first derivative vs. second derivative for those whose mathematical ability surpasses that of an average tech guy.
February 23rd, 2010 at 5:15 pm
lol – our tech guy couldn’t spell derivative…
February 23rd, 2010 at 5:21 pm
anon – Do you mean, by any chance, the velocity of price crumblitude? one of many real estate indicators that only have relevance when its integral is in positive territory.
February 23rd, 2010 at 5:51 pm
Pralay says,
>>Today I was trying to post THIS very important post. Unfortunately it got caught up in spam folder due to Burbed’s stupid programming skill
Looks like the spam filter is working now. Thanks Burbed!
February 23rd, 2010 at 6:04 pm
anon – Do you mean, by any chance, the velocity of price crumblitude? one of many real estate indicators that only have relevance when its integral is in positive territory.
WTF. You’re mutilating the definitions of derivatives and integrals. I can’t even begin to sort out your mangled usage.
February 23rd, 2010 at 7:06 pm
Alex – cheer up and get the joke!!…
Or if you want the non-joke version..
P=price function of time
P’=price crumblitude (which BTW is a word that does not exist) => when prices fall, P’ becomes negative
P”=velocity of price crumblitude => when prices fall less quickly, P” becomes positive
The article’s title confuses P’ and P”, as anon pointed out.
Integral of P” over a period of time is positive when prices go up. That indicator is irrelevant when prices go down because they’re not supposed to, ever.
Happy?
February 23rd, 2010 at 7:13 pm
thank you, much better.
The only classes I ever got A+ in college were calculus. I love that stuff even though I remember little =)
February 23rd, 2010 at 7:57 pm
I didn’t realize calculus was college stuff in America. Derivatives are introduced at age 14 in France, integrals one year later (but admittedly, Dirac delta in college).
IMO set and field theory is a much more “lovable” branch of Mathematics than calculus…
February 23rd, 2010 at 8:14 pm
Here in thar United Staytes, the vast majority of people are introduced to calculus in College. Generally it’s considered “advanced placement” to begin it in high school one’s senior year – and even often times only derivatives are covered.
February 23rd, 2010 at 8:33 pm
> P’=price crumblitude (which BTW is a word that does not exist) => when prices fall, P’ becomes negative
Crumblitude implies fallitude, so a negative crumblitude would be like an increasitude. Shouldn’t P’ be -(price crumblitude) instead, dude?
February 23rd, 2010 at 8:36 pm
Herve – Mind your language! Negative signs are anathema on a real estate discussion board.
PS: Yes, technically P’ is price decrumblitudeness.
February 23rd, 2010 at 8:51 pm
This talk of crumblitude is harshing my mellow, man.
February 23rd, 2010 at 9:08 pm
Looks like the spam filter is working now. Thanks Burbed!
—-
Except that “THIS” message was a joke.
Thanks for being too thick.
February 23rd, 2010 at 9:24 pm
actually, despite all of RE’s skunkitude, I thought his #11 was pretty funny
February 23rd, 2010 at 10:39 pm
Frenchies aren’t so speshul. We had calculus in high school as well. Derivatives, integrals, differential equations. Same thing with chemistry (college level). I still remember Avogadro’s number to this day
All fine and dandy. But my most useful classes? Typing and Humanities.
Humanities so I can understand the human condition, demonstrate my hubris and schadenfreude and sneer at you schleps. Typing so I can convey my thoughts. =pppp
February 23rd, 2010 at 10:44 pm
My mother made me take typing in high school so if my career in engineering never took off, I’d have a “fall back” career. LOL, still cracks me up! (The utility of it related to computers was only incidental.)
February 23rd, 2010 at 11:56 pm
Sure hope French aren’t “special”, because I wouldn’t consider the curriculum to be overreaching.
Only truly interesting class in grad school? Creative writing. But then the Teacher is 95% of the reason a class is interesting and memorable.
March 4th, 2010 at 11:55 am
1532 now down to $429K, and Realtor® text updated (but still a great deal for fist-time buyers).
These guys are looking at a 300K+ (>40%) loss since their 2005 purchase. OWCHERS!
March 4th, 2010 at 12:10 pm
Just another benefit of homeownership.
March 4th, 2010 at 1:09 pm
Amazing. Over 20 years and still it hasn’t doubled in value… Just imagine the value explosion when suddenly it catches up!
March 4th, 2010 at 2:25 pm
Over 20 years and still it hasn’t doubled in value… Just imagine the value explosion when suddenly it catches up!
—–
Right. Another one right in Palo Alto. Recently sold for $1.5M.
Purchased in 1992 for $1M.
Just imagine when the value of this property suddenly jumps to $4M to catch up with “on the average the Bay Area doubles in price every 10 years”. When will it jump to $4M? I am guessing it will be around the time when baby-boomers start retiring in mass rate. The guy who bought this property is very very lucky. He is going to get the windfall – most likely within 1-2 years. That’s why it is right time to buy a home.