April 23, 2010

Looking to build your own militia compound in San Jose?

4250 MONTEREY Hwy San Jose, CA 95111
$560,900
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Beds: 5
Baths: 2.5
Sq. Ft.: 3,000
$/Sq. Ft.: $187
Lot Size: 1.35 Acres
Property Type: Detached Single Family
Style: Mediterranean
Stories: 2
View: Mountains, Neighborhood, Valley
Year Built: 1947
Community: South San Jose
County: Santa Clara
MLS#: 81012669
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 23 days
Secluded home on a very private lot. See tons of possibilities for this large home in a great location near shopping, dining, freeways, and schools. (Just blocks from Valley Christian Middle/High School. )square footage is an estimate from agents * buyer to verify
Thanks to Burbed reader sonarrat for this find!
 
Here’s what sonarrat had to say:

Satellite map confirms it is actually behind those auto shops at the end of a steep driveway. Perfect as a hideaway for the kingpin of a car theft ring!

Let’s take a look!

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Uh. Hm. Originally I was going to go with a joke about how if you liked the Fast and the Furious, you might like this house… but the more I look at it, the more it appears that this would be a better candidate for someone looking to start their own militia!

But just look at that amazing price. What a steal!n

Comments (29) -- Posted by: burbed @ 5:26 am

29 Responses to “Looking to build your own militia compound in San Jose?”

  1. aa Says:

    This is wonderful…it looks like a Virgin Islands vacation home. Plus, a smart investor could buy this, subdivide the parcel into 38 lots, put a 100 sf. shed on each, then sell each for $500k, becoming a multi-millionaire in a matter of months.

  2. sonarrat Says:

    Here’s the link.

  3. CB Says:

    That’s quite a sales history. Unfortunately, this is not the home on the crest of the hill but the house just north of it. If I owned a helicopter I’d buy this house.

  4. Derek Says:

    This is quite an interesting post. But what did it have to do with the fast and the furious? Definitely a militia compound. Or for some cult. Cup of tea you would like? Cheers, hah

  5. SEA Says:

    Only $1,375 per month ($16,544 2009) in taxes. How much would it cost to rent a place like this?

  6. maryjane Says:

    How much would the barbed wire fence and machine gun turrets add to the cost though.

  7. A. Lewis Says:

    And the dogs…so many dogs to feed.

  8. nomadic Says:

    I’m too stunned by the $1.2M selling price in 2005 to make any remarks.

    The dog comment is pretty damn funny though. (Nice one, A.)

  9. freya Says:

    Perhaps the many years of living in the bay area (and dealing with its housing market) have taken its toll on my mind, but that’s actually a pretty cool property! I’ll buy it for $300k!

  10. sonarrat Says:

    So, it looks like my landlord is on the road to default. Wells Fargo sent them a UPS overnight letter two weeks ago, and now they have another letter, sent regular mail, telling them they are $10K arrears in payments. (My partner peeked by holding it up to the light.) It seems to me that either they’ve decided to let this house go, or they’ve gotten way behind so that they could try and work out a compromise with the bank.

    The house is an old farm house in southeastern San Jose on a big lot. A prototypical “value is in the land” purchase, and they intended to tear this house down, subdivide and get a construction loan. The house sat vacant for a year while they tried to get that going, but they couldn’t get financing so they rented it to me afterwards.

    If they serve the landlord with a NOD in May, it’ll be foreclosed in August sometime. If the lender serves me a 30-day notice right then, I’ll be looking for a new home in September, right when everyone’s rushing to get moved before the school year starts. That sucks. Should I bite the bullet and move now? It seems like vacancies are high. I’m not really financially ready to do it, and I couldn’t get into another property of similar quality for the same price.

  11. anon Says:

    Sonar, sorry that you are a victim of one of the many irresponsible home debtors. If I were in your shoes, I would stop paying rent immediately, start looking immediately, and move whenever you feel like it. You also may want to your ability to stay once the bank takes possession – perhaps a good idea to contact a lawyer who regularly works in that field…

    What was your deposit and what is your monthly rent?

  12. SEA Says:

    sonarrat- Hire a competent attorney before you send one more dime! I know a guy who was sued by a lender for past rent due that was paid to the “landlord” who no longer owned the property. Go tell the judge you sent the money to some scam artist, such as a Nigerian, and see how far that gets you in regards to paying the correct person. The guy was left to go collect from his former landlord, which is who he originally sent the rent money.

    You need a competent attorney.

  13. nomadic Says:

    sonarrat, sorry to hear about your predicament. I think you had mentioned before that you were concerned this would happen. When is your lease supposed to end? Seems that if you have to move before it’s up, the landlord would be liable for moving expenses. That might give you leeway to withhold rent. Like the other guys said, contact an attorney or maybe a local housing authority could advise you at little or no cost.

  14. SEA Says:

    “Seems that if you have to move before it’s up, the landlord would be liable for moving expenses.”

    Once again, beyond the minimum legal standards, sonarrat does not have a contract with the person who recovers the home. The former landlord might be liable, but try and collect.

  15. Living in SF Says:

    Sonarrat, this is an out-of-the-box idea, but if I were you I’d go to my landlord and say I want to extend the lease for however long I want to stay there. Even if the house is foreclosed, the bank cannot make a tenant leaves until the lease is fulfilled.

    From the landlord’s standpoint there is nothing to lose by extending your lease, and it may actually help your landlord by encouraging the bank to restructure the loan because many banks don’t want to be landlords.

  16. Petsmart groomer Says:

    I think that only works if the lease was signed before the notice of foreclosure.

    See “Protecting tenants at foreclosure act“.

  17. Real Estater Says:

    Sonarrat’s landlord is in trouble so he might need to move. Surely some inconvenience, but what’s the big issue here? Need a lawyer for this? Requires “out-of-the box” thinking? LOL.

  18. sonarrat Says:

    My lease is a month to month. The deposit was $1000, first and last month’s rent, for a total of $3400.

    My understanding of the law is that the lease is dissolved once the foreclosure sale is complete, but under Obama’s law from last year, I’m to be given a minimum of 90 days’ notice before I have to move. Further, under CA law, the lender owes me the deposit, regardless of whether the landlord provides it to the lender. But it’s true that I may need a lawyer to represent me to get this message across.

  19. Petsmart groomer Says:

    I wouldn’t worry about a lawyer honestly. The law seems pretty clear and if the landlord gives you a hard time you can always go to small claims court.

  20. Real Estater Says:

    sonarrat,

    This is a no brainer. If you want your $1000, don’t get a lawyer. Just move out now, and demand your deposit back. If they don’t pay, take them to small claims court.

    Once in foreclosure, the bank is the first in line for any money.

  21. SEA Says:

    “The law seems pretty clear and if the landlord gives you a hard time you can always go to small claims court.”

    Obtaining the judgment is the relatively easy task. Collection from bankrupt people is the real challenge.

  22. anon Says:

    To be clear, I was saying talk to an attorney – not retain one. It’s too early for that. Your landlord has $2200 of your cash so I’d just leave when its convenient for you.

    SEA, I’m not quite sure that a bank can go after a tenant for back rent. At least not before the foreclosure date. In all likelihood, at that point, the bank becomes the successor in interest and then would be entitled to collect rent.

  23. SEA Says:

    anon- “At least not before the foreclosure date.”

    What happened was the tenant didn’t know the foreclosure date, so he paid the guy who no longer owned the property.

  24. sonarrat Says:

    SEA, I plan on checking the paper so that I know when the foreclosure date is. The landlord will get rent from me up to that day and no more.

    As I said, the bank is required to surrender the deposit to me within 3 weeks of my move-out, whether they’re able to recover from the landlord or not.

    http://patrick.net/housing/contrib/tenants.html

  25. SEA Says:

    With that new law protecting tenants, it’s not that much of an issue, but when you suggest, “The landlord will get rent from me up to that day and no more,” there is a problem. What if the foreclosure is scheduled for the 15th of the month. Do you pay 1/2 your rent? What if there is a delay? Try keeping up with several delays. It’s not an easy thing for a tenant to keep up with.

    “As I said, the bank is required to surrender the deposit to me within 3 weeks of my move-out, whether they’re able to recover from the landlord or not.”

    I didn’t keep up with that change. This is a good thing overall, and you know there will probably be no damage deductions, as the bank likely does not have the staffing or checklist.

  26. sonarrat Says:

    The Notice of Trustee Sale (NOT) published in the paper should tell me when the foreclosure sale is to take place. At that point, ownership either reverts to the bank or the new buyer, correct?

  27. Alex Says:

    WTF? See what you lousy renters have to deal with? Owners wouldn’t have to deal with this crap!

    *sneer*

  28. SEA Says:

    The sale could be delayed for any number of reasons.

  29. Real Estater Says:

    Recommended video for Alex.


    “Rollin’ down the Imperial Highway
    With a big nasty redhead at my side…”


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