4 pack of houses for sale in Mountain View
Beds: 13 Baths: 10.5 Sq. Ft.: - Lot Size: 1 Sq. Ft. Property Type: Detached Single Family Stories: 2 Community: Miramonte County: Santa Clara MLS#: 81003544 Source: MLSListings Status: Active On Redfin: 34 days Investor opportunity! List price includes 4 single family homes (apn # 189-03-061, 189-03-062, 189-03-060, 189-03-059)Roofs 80% completed, windows are installed. Needed: kitchens, bathrooms, insulation, sheetrock, driveways/hardscape). Lot size is approximately 17,500 sf and homes are plus or minus 1900sf each. Buyer to verify square footage and lot size.
Thanks to Burbed reader Herve for this find!
Wow, it’s like a Costco purchase! A 4 pack of houses that are almost finished. All you need is some elbow grease since they’re about 80% completed.
This works out to a mere $725,000 per house. And since each house is about 1900 sqft, this works out to a shockingly low $381 per square foot! Wowsers! What a steal!
Now, time for speculation – why is the developer being so generous in offering up these houses for such a low price? Is it a reflection of how gracious the real estate community is in the Bay Area? Or is it because they just want to see what amazing innovation will blossom in this amazing town called Mountain View?
What kind of innovations would you add to these houses? And… let’s stop calling them incomplete. Let’s just call them “Beta quality”.
March 9th, 2010 at 9:17 am
“Beta quality.” Nice.
BTW, they aren’t 80% complete. The roofs are 80% complete. Meaning the sheathing on the roofs has probably been soaked by the winter rains and needs to be replaced in all of the areas without waterprooofing (note the tiles sitting up there, uninstalled). Eh, maybe the tar-paper did the trick. I’d also be very careful to ensure all required permits were pulled and inspections were passed.
Then there’s the small matter of installing drywall, kitchens and baths. Oh yeah, plus driveways and landscaping. I’d guess there’s another $150/sf to be put into these. Is $531/sf a bargain for this area?
March 9th, 2010 at 10:18 am
531$/sqft is a bargain anywhere in the bay area!
March 9th, 2010 at 10:29 am
Alex,
Sure, I was a Chinaman; I bought my house (home) in town. My child went to the best University in town the child got three degrees out of it (proud parent). We like ramen lots, just send the link of that ramen place RE post to my kid. Always said let‘s go for Japanese when we want to go to have ramen. I cannot cram 20 people into my house(800+sqf) because there is only I and my child. I did slave myself but not for the house it is for the child I have. More than half of what I made went to Uncle Sam. I love AMERICAN!!! The place I came from is not a good place for a devoiced female with child. I DO LOVE this country. She gives me everything I need (freedom and to be let along).
ra-men is japanese but in chinese language, chinese will call the same thing tun-men (soup noodle)
ra: get things out of water
men: noodle
March 9th, 2010 at 10:54 am
I am going to buy these and tear them down. Then I will sell the land for a nice profit! We all know that the land is worth big $$$$!
March 9th, 2010 at 11:04 am
Friends,
We all love America. At least that is what I gather from reading all the posts in this forum.
The thing that we are perplexed with is the real estate market in the Bay Area. What mysterious force propels this market is beyond my comprehension.
March 9th, 2010 at 11:36 am
2 economic bubbles:
1) The dot-com bubble left people here with lots of money.
2) The housing bubble allowed those same people to stretch that money too far due to no loan underwriting standards loans and low interest rates.
It is very simple.
March 9th, 2010 at 11:41 am
Let’s put some numbers to it.
If, as we saw during the bubble, a strawberry picker making $14,000 a year could purchase a $750,000 home then a middle manager at a tech company making $120,000 should be able to obtain a mortgage for roughly 6,428,571.42.
March 9th, 2010 at 11:55 am
Get a liar loan, put flyers out for all the homeless in Mountain View (of which there are a LOT) that it’s a free squat, come on down, and see how long it lasts. Liar loans involve no down payment etc so this is possible if you’re one of the 20% who still have jobs in MV. Since these will never be houses, make ‘em statements.
March 9th, 2010 at 7:13 pm
PA-S,
I’m glad things worked out for you and your child but sounds like you bought way back when. Imagine if you had bought recently. You’d definitely be slaving away.
March 10th, 2010 at 8:44 pm
>>I’m glad things worked out for you and your child but sounds like you bought way back when. Imagine if you had bought recently. You’d definitely be slaving away.
That’s gotta be the dumb comment of the day. You always buy “recently” first, and then it becomes “way back when”.
March 10th, 2010 at 8:45 pm
>>We all love America.
And we love California, with its Prop 13.
March 10th, 2010 at 8:48 pm
PA-S,
Maybe you could’ve done way better in China.
March 10th, 2010 at 9:26 pm
You love prop 13 and you bought in 2003? hahaha
March 10th, 2010 at 9:28 pm
“>>I’m glad things worked out for you and your child but sounds like you bought way back when. Imagine if you had bought recently. You’d definitely be slaving away.
That’s gotta be the dumb comment of the day. You always buy “recently” first, and then it becomes “way back when”.”
Your rebuttal is the dumb comment of the day. FYI: There has recently been a huge property bubble in California. The average home in California wasn’t always 5x median income.
March 10th, 2010 at 9:47 pm
That’s gotta be the dumb comment of the day. You always buy “recently” first, and then it becomes “way back when”.
Faux Estater, buy recently and you’d be fcked buyer.
She bought before her kid got the 3 degrees. That’s ages ago, perhaps when prices were still more reasonable.
March 10th, 2010 at 10:13 pm
Alex,
That’s the point. Prices always seem reasonable ages ago. That’s the direct consequence of prices doubling on the average every 10 years.
March 10th, 2010 at 10:15 pm
anon,
Once again, I refer you to the facts. Majority of the homes in the Bay Area are not under water. It’s only the sh** places that had a bubble.
March 10th, 2010 at 10:20 pm
Prices always seem reasonable ages ago.
—–
It would be impossible to make an used car salesman understand the meaning of “reasonable” when his commission depends on not understanding it. Faux Estater is no different from an used car salesman.
March 10th, 2010 at 10:22 pm
Once again, I refer you to the facts.
—-
Fact + Faux Estater = oxymoron
March 10th, 2010 at 10:42 pm
“Once again, I refer you to the facts. Majority of the homes in the Bay Area are not under water. It’s only the sh** places that had a bubble.”
Excreteaire, once again, I refer you to the facts. The “RBA” as you like to call it comprises a minority within the bay area. Moreover, there are short sales and decreased property valuations in all of the bay area. RBA included. This was a credit bubble. Credit is generally used to buy most all homes in the bay area.
March 10th, 2010 at 10:47 pm
anon,
I already covered this topic:
http://www.burbed.com/2010/03/07/repair-california-is-this-good-is-this-bad/#comment-56165
March 10th, 2010 at 10:48 pm
I gotta frame this quote:
Credit is generally used to buy most all homes in the bay area.
Ha ha ha….
March 10th, 2010 at 10:59 pm
I already covered this topic:
—–
Poor Faux Estater! Can’t figure out the difference between “mortgage underwater” and “mortgage more than 25% underwater”. And he still claims that he is a hitech guy. That SF Chronicle provides the statistics for more than 25% underwater. If a homeowner is 20% underwater, it does not show up in SF pie charts. Then how do you prove that “majority of the mortgages are not under water” by those pie charts?
That’s why I say: Fact + Faux Estater = oxymoron.
March 10th, 2010 at 11:03 pm
Lol RE you’re dumb as a rock. look at what you wrote:
“Let’s put things in perspective. Majority of the mortgages are not under water. Virtually all mortgages under water are in crap places, such as Alameda County and Solano County.
In the counties that matter, namely San Francisco, San Mateo and Santa Clara Counties, it doesn’t affect that many people, especially people living in the good areas. The bad part of the apple are from places like East Palo Alto and Alum Rock. For people in RBA, it’s like the mortgage crisis never happened.”
Again: most all homes in the bay area have mortgages. A mortgage is a loan which is a form of credit. I know I’m trying to explain 12th grade concepts to someone who can barely grasp 3rd grade math, but come on. You could try a little.
March 10th, 2010 at 11:14 pm
Faux Estater, buy recently and you’d be fcked buyer.
——
Next week it will be two year anniversary for his “looking to acquire another
RBAfantasy property by year end”. Wow! His is planning to buy two fantasy properties now. Next year he will plan to buy five fantasy properties.March 10th, 2010 at 11:15 pm
Chuck Norris is 70 today. Don’t miss Top Dog on Hulu.
March 10th, 2010 at 11:28 pm
>>That SF Chronicle provides the statistics for more than 25% underwater. If a homeowner is 20% underwater, it does not show up in SF pie charts.
LOL. Pralay doesn’t know how to read a pie chart. The blue part is mortgage under water. Only the shaded part is 25+% under water.
I guess what makes this place entertaining is the number of dumb-ass people I don’t get to meet in real life.
March 10th, 2010 at 11:37 pm
>>Again: most all homes in the bay area have mortgages.
ROTF now. Did you know that most all homes have windows?
What exactly is your point? Is this something unique to Bay Area? If anything, having a mortgage is a benefit. As a result of the crisis, I’ve been able to refinance to a lower rate. I never imagined my financial obligations toward my home would decrease.
March 10th, 2010 at 11:38 pm
I guess what makes this place entertaining is the number of dumb-ass people I don’t get to meet in real life.
——-
Damn! Do you really meet people in “real life”? I guess your “real life” is just like your name “Real Estater”? There is nothing real about it.
March 10th, 2010 at 11:42 pm
If anything, having a mortgage is a benefit.
——
LOL! We understand that paying interest could be beneficial. At least you get to meet a pretty mortgage agent.
March 11th, 2010 at 12:16 am
“I guess what makes this place entertaining is the number of dumb-ass people I don’t get to meet in real life.”
I thought what made it entertaining was finding and pushing buttons.
March 11th, 2010 at 12:22 am
Great news! Foreclosure rates up by smallest amount in 4 years.
March 11th, 2010 at 12:26 am
Herve, that’s great news! Thanks for the link!
It is good to know that the government’s efforts incentivise bagholderism is working!
March 11th, 2010 at 12:29 am
> Herve, that’s great news! Thanks for the link!
You know I’m only here to help.
Now DreamT will tell us about the first and second derivatives.
March 11th, 2010 at 12:39 am
You know I’m only here to help.
—–
No you aren’t. Only Chuck Norris is here to help.
March 11th, 2010 at 12:42 am
#34 – I don’t snitch!
March 11th, 2010 at 12:45 am
Pralay, you hurt my feelings
March 11th, 2010 at 1:03 am
Pralay, you hurt my feelings
—–
Chuck Norris is here to help the unfortunate one “who need the most help“.
March 11th, 2010 at 7:59 am
All,
Again I point to the facts. The fact is that only a small percentage of people ever lose money with real estate, and an even smaller percentage ever lose money long term.
March 11th, 2010 at 8:42 am
why are we even talking about losing money?
it’s so lame after all this discussion, you people still don’t understand.
the real bay area is guaranteed a god-given 10% returned year after year.
March 11th, 2010 at 8:57 am
Define “small percentage.”
March 11th, 2010 at 11:56 am
Define “small percentage.”
—–
It’s “small percentage” because Faux Estater says so. If you really interested to know the Realtardized definition of “small percentage”, you just have to look at Faux Estater’s track record.
Like his definiton of “normal” market or “healthy market” or “selling briskly”.
March 11th, 2010 at 6:10 pm
RE,
The fact that in 2006 close to 70% of all “buyers” in the Bay area were using some form of exotic loan product to get into a home tells you that homes were universally overpriced and that indeed- most who bought- yourself included- are now underwater. Sorry.
March 11th, 2010 at 7:34 pm
Think how broke people must be if a $3,500 credit towards a down payment is significant.
It’s almost comical – yeah, our people need $3,500 bucks because they can’t don’t even that that much cash.
If you need that much money to buy a home around here, you are almost certainly signing yourself up for a life of debt slavery.
March 11th, 2010 at 8:30 pm
anon, but…
sometimes you must go through slavery to appreciate freedom
financial freedom may require the shackles of a job or a mortgage to get there
a person with $1M assets tomorrow may have $0 cash-flow today
March 11th, 2010 at 11:36 pm
Why should the government subsidize those people to buy houses? Other than those who are housepoor, who has a million dollars in assets and can’t come up with $3,500 bucks?
March 12th, 2010 at 8:29 am
It’s not for those people, anon. $3500 will buy a whole house in Detroit, or pay the closing costs on a median house in middle America. In the RBA, it’s just “icing.” lol
March 13th, 2010 at 1:54 pm
My friend who works at Google moved into Mountain View last year, and is very happy with the purchase. He bikes to work some days.
March 13th, 2010 at 4:38 pm
“It’s not for those people, anon. $3500 will buy a whole house in Detroit, or pay the closing costs on a median house in middle America. In the RBA, it’s just “icing.” lol”
I agree – I don’t know why DreamT mentioned them.
March 13th, 2010 at 6:01 pm
> My friend who works at Google moved into Mountain View last year, and is very happy with the purchase. He bikes to work some days.
Amazing story!
March 13th, 2010 at 6:11 pm
Indeed. Almost a fairy tale…
March 13th, 2010 at 8:06 pm
Yes, truly heart warming.
March 13th, 2010 at 8:52 pm
Tears rolled down my cheek! Such a joyous story!
March 13th, 2010 at 9:00 pm
I could only be more excited if he had moved to Shallow Alto instead.
March 13th, 2010 at 9:44 pm
so, nomadic, I gather you could care less!
March 13th, 2010 at 9:58 pm
How inspiring. I hope they wear a helmet.
March 13th, 2010 at 10:10 pm
My friend who works at Google moved into Mountain View last year, and is very happy with the purchase. He bikes to work some days.
—-
That’s the most positive news I heard from SV Shopper after series of low inventory news and news of losing bids.
There is no much happiness in Mountain View that I heard even birds sing Haydn and Vivaldi in Cuesta Park.
March 13th, 2010 at 10:12 pm
Correction in #57: There is
noso much happiness….March 13th, 2010 at 10:12 pm
#55 – only a little less
March 13th, 2010 at 11:34 pm
My friend who works at Google moved into Mountain View last year, and is very happy with the purchase. He bikes to work some days.
After overpaying and becoming a slave to his house, your friend couldn’t afford any gas? LOL
March 14th, 2010 at 10:19 am
Alex on burbed on a Saturday night… No redhead action yet I suppose?
March 14th, 2010 at 1:20 pm
Nope. No redhead action.
Heck, went out with Asian chick yesterday. Only to have her go off the deep end when I mentioned problems in the Catholic community. Craaazzeeeeeeeeeeee!!!
At least she paid for the meal. LOL
March 14th, 2010 at 7:53 pm
St Patrick’s Day is coming… Redhead galore!
March 14th, 2010 at 8:30 pm
Living vicariously, Herve?
March 14th, 2010 at 8:33 pm
I admit Alex’s tangerine adventures (or lack thereof) are more interesting than burbed’s Saturday book reviews or Sunday articles…
March 14th, 2010 at 9:11 pm
but…there haven’t been any adventures.
Are you trying to say that you couldn’t care less about burbed’s book reviews?
March 14th, 2010 at 9:24 pm
nomadic – Herve is probably a redhead, is all.
March 14th, 2010 at 10:00 pm
I’m glad you guys find my lack of adventures entertaining.
Any intelligent, slutty redhead cutie around? And I only bat for women :p
March 14th, 2010 at 11:00 pm
Alex, before we quer our redhead rolodexes, can you clarify that you’re indeed a woman yourself, this being the bay area and all?
March 14th, 2010 at 11:02 pm
SV Shopper Says,
>> My friend who works at Google moved into Mountain View last year, and is very happy with the purchase. He bikes to work some days.
It proves again that I am right all along. Exactly one year back I made a call and said it was great time to buy a home. All the usual suspects, especially one rentard with name starts with letter P, made fun of it. If they listened to me and followed my advice, they would have been just happy as SV Shopper’s friend. If they bought home in Mountain View, they would have hired by Google already. It’s no secret that Google prefers hiring local people who love biking.
Just remember, I am here to help people who need the most help.
March 14th, 2010 at 11:10 pm
Any intelligent, slutty redhead cutie around?
——–
I am sure there are plenty in a real estate blog. They love real estate (and pay for the meal too).
March 14th, 2010 at 11:12 pm
DreamT,
find me a nice redhead and I’ll show her I’m a man :p LOL
Pralay, I usually pay for the meal. I think I can afford that most day.
March 14th, 2010 at 11:31 pm
Alex, it’s not your lack of adventures – it’s your lack of redhead involved ventures.
March 15th, 2010 at 8:46 am
Alex, before we quer our redhead rolodexes, can you clarify that you’re indeed a woman yourself, this being the bay area and all?
Aren’t you confusing the Bay Area with Portland now?