Pants on Fire in Cordilleras Heights
Redwood City Spectacular continues with another great find from Burbed reader sonarrat. Here’s a typical “A million dollars for THIS?” kind of house. I mean, a million dollars is a lot of money. For a million dollar property, the listing ought to be grammatically correct, relatively free of spelling errors, and use lower case letters as well as capitals.
778 Canyon Rd Redwood City, CA 94062
$1,049,900
Beds: 4
Baths: 2.5
Sq. Ft.: 1,310
$/Sq. Ft.: $801
Lot Size: 6,700 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 2
Year Built: 1948
Community: Cordilleras Heights
County: San Mateo
MLS#: 81039024
Source: MLSListings
Status: Active
On Redfin: 32 daysTHIS HOME HAS 2,220 S. F. OF LIVING SPACE. IT IS 12 YEARS OLD ONLY, TOTALLY REBUILT IN 1998. FABULOUS EMERALD HILLS LOCATION!!! Desirable location. 4 bed, 2.5 baths. Kitchen has professional Vicking chef stove and Birch cabinets. Master suite has custom windows and stone fireplace. Seller is very motivated bring your offer.
So much for the request for lower case. Can’t wait to see the Vicking chef stove!
Recently a new Burbed reader spoke out in favor of honest and experienced Realtors. So is this listing honest? Let’s review, shall we?
| Redfin Property Description | Agent’s Listing Description |
| Sq. Ft: 1,310 | THIS HOME HAS 2,220 S. F. OF LIVING SPACE. |
| Community: Cordilleras Heights | FABULOUS EMERALD HILLS LOCATION!!! |
| Year Built: 1948 | IT IS 12 YEARS OLD ONLY, TOTALLY REBUILT IN 1998. |
Hmmmm. Which to believe, which to believe. First, the neighborhood. Is it Emerald Hills or Cordilleras Heights? Let’s ask City Data.
The dark border is City Data’s definition of the Emerald Lake Hills neighborhood, or at least something called Emerald Hills. The two names are used almost interchangeably. Let’s see where this house is using the map above:
Why, it’s not in the brown-bordered area at all. Is this map saying that the house in question is NOT in “Emerald Hills”? (Those colorful areas are Census tracts, showing income ranges.) Let’s look at a street map to be sure about the neighborhood.
Anywhere near the actual hills? Barely. And closer to Alameda than the lake. Let’s do a hill check. Good thing there’s a topo map available.
The house is either just above or just below the 100 foot line. Not much in the “hills” when the lake the neighborhood in question is named for is over 400 feet up. This house barely qualifies as in the foothills, also known as Piedmont, which is in the East Bay, which is so Not Real Bay Area, which therefore kicks this house out of the RBA by association alone.
Now, what about this huge discrepancy on the size of the house? Which is it, 1310 or 2220 square feet? Perhaps propertyshark (account required) can explain matters:
Sq. ft. 1,310
Finished sq. ft. 1 1,110
Building sq. ft. 2,250
Basement sq. ft. 200
Basement unfinished sq. ft. 940
Garage sq. ft. 940
Lot size 6,700
Acreage 0.15
The building is 2,250 square feet, of which 940 is an unfinished basement (or maybe a garage), and 200 is presumably a finished basement. And amazingly, 1,110 (finished square feet) plus 940 (unfinished basement or garage) plus 200 (finished basement) is… 2,250… building square feet. Within 30 sf of what the listing said. Except you aren’t supposed to count the garage or unfinished basement in a building’s square footage. That’s why the house is quoted as 1,310 sf, which is the finished house plus finished basement.
And the year built is pretty dubious too. Unless the house was torn down, bulldozed, and a completely new house put up in 1998, what the listing says above is misleading at best and probably close to the l-word (and no I do not mean love). And if the county doesn’t know about the original house getting scraped, then obviously nobody bothered to get a permit. Even a remodel requires permits, and remodels don’t change the year a structure was built in the first place.
Then again, propertyshark says this place is a 2 bedroom 1 bath, so something funny is going on. And that would explain how a house “totally rebuilt” in 1998 is only assessed for $101,000.
Perhaps the lights on either side of the exterior are kept lit in search of that honest Realtor.
UPDATE: Price dropped to $989,000 after 35 days on market.
September 15th, 2010 at 7:25 am
Sonarrat, great work, and I love the Diogenes allusion at the end. Very creative.
September 15th, 2010 at 8:10 am
Apparently it isn’t only math that’s hard. Someone seems to be having trouble with geography and spelling too.
September 15th, 2010 at 8:39 am
Another interesting tidbit is that the gas station at Canyon & Oak Knoll frequently has the cheapest gas on the whole peninsula, so people come from miles around to drive right past this house to get cheap gas.
September 15th, 2010 at 9:06 am
1. Why is there a bed in the living room? At least, it looks like a living room.
2. Why are there chairs and a settee in the foyer?
September 15th, 2010 at 9:28 am
sonarrat- “so people come from miles around to drive right past this house to get cheap gas.”
There’s nothing particularly wrong with your observation, but I’d like to translate it into simple cost-benefit:
People drive miles to save $1-$2 in cash today, yet spend how much in the mileage? But for those who are really into that type of “savings,” try: http://www.sanfrangasprices.com
Maybe you could add the station and watch traffic increase even more.
That said, you’ll generally find me at the station that charges an extra 5-10 cents per gallon more. Like the BA and RBA, there are Gas Stations (GS) and Real Gas Stations (RGS). The Real Gas Stations are where people want to buy their gas, but at the lower price. You know, I look across the street at a filthy, dirty parking lot, with all those cigarette smoking customers, and I am left to wonder how many needles are hidden in the bathroom. The customers of the cheaper gas are looking across the street looking at a clean station, and I don’t have to worry about some uninsured motorist backing into my car. Believe me when I say Real Gas Stations are worth the extra cash. Besides, I get in and out so much quicker that the higher price pays based on the opportunity cost of my time, just like RBA homes pay those who live in them.
For the vehicle I drive most often, the fuel tank has a total capacity of 18 gallons. So even at 10 cents per gallon more, about 3-4%, it’s less than $2 per trip to buy at a RGS. How far can someone drive for $2?
Let me remind everyone:
People drive how far to “save” $2 in cash while trying to buy a RBA home for how much?
September 15th, 2010 at 10:08 am
How far do Realtors think they’re going to get by misrepresenting the listing? I was at an open house at a “two level condo” in SF during the height of the boom. Apparently the first level was a stair landing where you could fit a very skinny table. People actually started screaming at the realtor for wasting their time. It’s a very rare case where the house is unimpressive from the outside and people just need to see the inside. It’s not smart (and I suspect a rookie mistake) to promise too much and disappoint everyone.
September 15th, 2010 at 10:52 am
Nomadic -
I bet they’ve turned the living room into a bedroom and the entry hall into the ‘living room’. Instant extra bedroom!
September 15th, 2010 at 11:12 am
maryjane- You’re out of bounds–the RBA bounds–when you suggest, “It’s not smart (and I suspect a rookie mistake) to promise too much and disappoint everyone.”
Let’s set the record straight: In the RBA it is not possible to promise too much. Even if it were possible (it’s not), it’s impossible to disappoint in the RBA.
September 15th, 2010 at 11:49 am
>>it’s impossible to disappoint in the RBA.
Thanks for bringing me back to earth. Every now and then I have my moments and forget that just listening to the same train whistle Steve Jobs may recently have listened to is all anyone could ever hope for.
September 15th, 2010 at 12:05 pm
If you are on the wrong side of the street, the whistle sounds much different. Now that’s disappointing.
September 15th, 2010 at 12:20 pm
In RBA, there is no train whistle. Caltrain plays Mozart instead. Just ask Real Estater.
September 15th, 2010 at 12:26 pm
But that Mozart turns into a harsh sound once it crosses into the wrong zip code. What’s more interesting is how the harsh sound outside the RBA switches into Beethoven on the way into the RBA. The RBA has the best codecs.
September 15th, 2010 at 12:38 pm
Nothing like someone noticing my classical allusion and then crediting it to the reader who sent me the listing.
If this house were in the rba then stretching the truth would be okay? Them how serious is saying it’s is the rba when it isn’t?
September 15th, 2010 at 1:03 pm
SEA, most gas stations on the peninsula gouge mercilessly. Why does Chevron charge us so much when the refinery is right in our backyard, anyway?
September 15th, 2010 at 1:29 pm
How much per gallon is price gouging?
Beyond that, you ask, “Why does Chevron charge us so much when the refinery is right in our backyard, anyway?”
It’s called RBA pricing.
September 15th, 2010 at 1:36 pm
Paying more is the only way to know you’re getting RBA gas. If you can get someone to pump it for you it’s even better.
September 15th, 2010 at 2:36 pm
I used to live in South San Francisco. The Chevron over by where I worked is currently charging $3.39 a gallon. The Valero around the corner from me in Evergreen is asking $2.93.
September 15th, 2010 at 2:57 pm
There is no RBA gas, as it’s all from the East Bay. However, as #16 rightly observes, there is indeed RBA gas *service*.
September 15th, 2010 at 3:30 pm
#5, your gas station saga reminds me of the Austin Crying Man. Next time, look for the glint of sun off of a tear running down the cheek of those low-lifes at the low-cost gas station.
September 15th, 2010 at 3:51 pm
You guys are silly. In RBA, car does not need gas. It runs with equity and double digit bonus. Just ask Chruck Norris.
September 15th, 2010 at 4:02 pm
>>In RBA, car does not need gas.
In the RBA your car is a Tesla prototype.
September 15th, 2010 at 6:58 pm
“I used to live in South San Francisco. The Chevron over by where I worked is currently charging $3.39 a gallon. The Valero around the corner from me in Evergreen is asking $2.93.”
Uh, how many miles is there between the two stations? If I were in South San Francisco, I would not drive to Evergreen to save ~46 cents per gallon. That said, you’re stacking the deck!
Olympain, 698 El Camino Real (at W Orange Ave), South San Francisco is currently $2.999. Costco, where you need a membership, is at $2.989 just down from the Chevron. Kwik Serv El Camino Real @ Westborough Blvd SSF is at $2.979.
Source:
http://www.sanfrangasprices.com
September 15th, 2010 at 7:04 pm
“However, as #16 rightly observes, there is indeed RBA gas *service*.”
Time to move to Oregon!
September 15th, 2010 at 9:11 pm
Also, a full rebuild would probably require a two car garage, as per code in that area.
September 16th, 2010 at 9:44 am
Once again, this makes for entertaining reading. This house is in fact on the outskirts of Emerald Hills. Canyon Road and the neighboring streets are difficult to assign to a particular neighborhood. It is in the Roy Cloud school zone, which is the main Emerald Hills school, so that may be the thought process for considering it Emerald Hills (that and Emerald Hills is a desirable neighborhood with many high end homes). Not sure how, by any stretch of the imagination, this property could be considered to be in Cordilleras Heights, though.
I toured this property when it first came on the market, and I thought the bedroom with the fireplace was the best feature of the home. And it is a real bedroom, since it has all the prerequisites – closet, heat source (central forced air vent, though I suppose the fireplace could count) and an interior entrance from a living area, not another bedroom. This is indeed a very “unique” property.
There are actually several other ways to access the Canyon gas station, so not all cars seeking (relatively) cheap gas will be driving by this property.
I am glad to see that some people still value spelling and grammar!
September 16th, 2010 at 11:21 am
Indeed – it’s very unique.
September 16th, 2010 at 11:49 am
Unique is a polite way of calling this house what it truly is. I wonder if any disgruntled neighbor would like to send the listing to the County Assessor’s office and the local building authority?
September 16th, 2010 at 11:56 am
Madhaus, sorry aboout the miscrediting.
September 16th, 2010 at 12:03 pm
SiO2- say three Hail Marys and send Sprinkles cupcakes.
September 16th, 2010 at 12:28 pm
>>Unique is a polite way of calling this house what it truly is.
That’s what we say about Alex.
September 16th, 2010 at 12:57 pm
Yes, RE. And we call you “special” for a reason too.
September 16th, 2010 at 1:04 pm
#25, there are plenty of Redwood City properties in the queue, so stick around and please share any info you have on them. Not too many agents enjoy this site, so I guess that makes you, um, very unique too.
#26 and #27, don’t you DARE say a word.
#28, no cupcakes required! I actually appreciated that you understood my conclusion.
#30, do you have tapeworms?
#31, indeed!
September 16th, 2010 at 1:05 pm
I’m just so excited to see so many East Bay references in a Burbed post!
We charge you that much for the gas because you will pay it. You would think this would drive people to demand cars that use less gas – but they don’t seem to care much…
September 16th, 2010 at 1:08 pm
I, too, have always marveled that living so close to a Chevron refinery offered no gas discount. I mean, it must save them money not to have to transport it very far, right?
Maybe Chevron should advertise that you are buying ‘locally sourced’ gasoline, and that due it’s increased freshness, it’s worth the extra money!
September 16th, 2010 at 1:12 pm
#32, I meant the MLS listing, not burbed for pete’s sake!
madhaus, I appreciated the Diogenes remark because you gave us a warm-up in a previous post.
September 16th, 2010 at 1:14 pm
A., the gas prices are probably figured the way they add “destination” charges to vehicles. It’s an average delivery fee across the nation. That way if you live far from the assembly plant or port you don’t get screwed.
September 16th, 2010 at 1:53 pm
Come on now, A… I thought you liked numbers.
Your question is like asking why a homedebtor wants to sell their house for $1M when they only paid $100k.
September 16th, 2010 at 2:18 pm
#36 – but I’m pretty sure we pay MORE than faraway places for gas from the Chevron refinery in Richmond. Shouldn’t we at least be at par?
#37 – Fascinating – tell me more, because my small East Bay mind doesn’t understand the analogy. Houses hardly ever cost $1M over here.
Blast from the past – remember that weird golf course house that they were trying to rent for $8k and/or sell for $2M that I was always posting about? Well, I never saw a sale occur, so I assume the builders are occupying. There is always a contractors truck (the white kind of pickup with a thing on the back to carry ladders) parked in front.
http://www.zillow.com/homedetails/1452-Club-View-Ct-El-Cerrito-CA-94530/82863657_zpid/
Now the two houses behind it are for sale – and they have yards and indoor pools!
http://www.redfin.com/CA/El-Cerrito/1465-Vista-Rd-94530/home/1145701
http://www.redfin.com/CA/El-Cerrito/1455-Vista-Rd-94530/home/1346985
Competition is tough out there for sellers!
But the local elementary school just shot up to #1 in the district on API scores with a 942 – beating out the fabled Kensington school nearby with only a 933! Nyah nyah! And they did it with a fraction of the PTA budget.
Maybe house prices will shoot up because of this tremendous development?
Or maybe nothing has sold in the El Cerrito hills area in over a month? Strange to see the Redfin ‘sold’ map so empty…hmmmm…what’s going on? Trouble at the high end? There’s a lot of listings, but no sales…and a 942 API school? How can this be?
September 16th, 2010 at 2:19 pm
anon- It’s more like why would they sell it for $100k when they can sell it for $1M, no matter how much the original acquisition cost.
September 16th, 2010 at 2:24 pm
I forgot to mention, the house next door to the contractor-occupied place is for rent on Craigslist for only $4,250/month:
http://sfbay.craigslist.org/eby/apa/1955187424.html
They didn’t feel like listing the address, but if you zoom in on google or zillow for the houses above it’s easy to pickup the distinctive architecture and figure out which place this is. That upstairs room does make for a nice home office – what a view. But no pool.
So how does it feel as a homedebtor when your neighbors on 3 sides are trying to get out? Or rent their places?
September 16th, 2010 at 2:27 pm
A Lewis: I just got a hot listing in. Just for you. Keep your eyes on the site next week.
Trust me, you’ll love it.
September 16th, 2010 at 2:42 pm
A., that rental looks pretty good except for two things that would kill the deal for me:
No garage access. Gardening done by tenant.
September 16th, 2010 at 3:06 pm
Nomadic, gardening done by tenant is a bunus [sic].
The tenant gets the ‘pride of ownership’ without the liability of owning!
September 16th, 2010 at 3:38 pm
“Bright and spacious 3,800 square feet single family home on ½ acre with stunning panoramic vistas of the Bay Bridge, islands, the city and more”
No garage access? WTF? I mean for $4,000 per month (or $4,250 depending on which price you look at) what do you expect? Why doesn’t the owner take that crap and put it in a rented storage unit?
Who lives in a 3,800 square foot single family home without a garage?
CRAZY.
September 16th, 2010 at 4:23 pm
SEA, don’t be ridiculous. The owner obviously needs to keep the excess Porsches in that garage. Put them in a public storage facility? They let ANYONE into those places. Then the Porsches would depreciate faster than a Wrong Side of Middlefield House, as they might be parked in the same building as Preludes, Pintos, and Priuses. No, no, no, this cannot happen.
The house may not be in the RBA, but someday those cars will drive down Waverly.
September 16th, 2010 at 4:46 pm
#44 – I didn’t notice that at first glance – wow, you guys clicked on my links! I feel special.
I never rent a place where the owner has part of it locked off. That is a bad sign in many ways. I rent the whole property or no deal. If I wanted to share space, I’d rent an apartment, not a house, and save more money.
For this place, I bet it’s a first time rental. I’m guessing the owners are hurting for money, but either decided they couldn’t sell for enough money, or are hoping to keep the house.
I bet the rent is set to cover a very large cash-out re-fi mortgage…wonder if they’ll get it.
September 16th, 2010 at 4:47 pm
#41 – breath is baited. You wouldn’t tease me, would you? (Cue Alex)
September 16th, 2010 at 4:50 pm
My problem is where am I going to put my Porsches. Now I understand that putting them in RBA storage is better than BA storage, which is much better than non-BA storage… But when I want to drive one, do you really think I want to drive to storage to switch? No way!
Do you think I’d let one of Porsches out overnight?
These are Real first-world problems; I mean Real RBA problems.
September 16th, 2010 at 5:04 pm
A. Lewis- Yes, I click on your links.
I know you said you wouldn’t rent this, but what price would you buy?
September 16th, 2010 at 5:16 pm
#49 – oooo, a very good question. Wow, you want me to pin myself down by giving a hard number? That’s so…tangible. Well, there are a bunch of homes in the area I’d rather own, and this is a bit large for me, personally, and the 1/2 acre is mostly a 30-degree angle hillside with heavy shrubbery and trees – no real yard. And the listing company is lying outright about the schools – when you live in El Cerrito you cannot attend Albany Middle and Albany High school, which are generally considered better (but it’s a sensitive issue). The elementary school is Madera (API 942), but again, you cannot attend Kensington unless you live in Kensington. Lying is wrong.
Anyways, I digress. It is pretty new construction, and the views are really all that and a bag of chips. If I were richer, I really would play golf, and this is on the course. HOA fees only $300/yr.
OK, I’d pay $750,000. It’s really an awkward house in some ways, though…
How much would you pay?
September 16th, 2010 at 5:17 pm
>>Do you think I’d let one of Porsches out overnight?
This statement shows you lack understanding about RBA. RBA is a place where you can park your car outside. Drive around Palo Alto, and you’ll see plenty of high end cars being parked outside of their 1 car garage mini-mansions.
September 16th, 2010 at 5:20 pm
Real Estater- I guess I could leave a toddler out in the RBA overnight too, but that’s just not appropriate.
September 16th, 2010 at 5:28 pm
you’ll see plenty of high end cars being parked outside of their 1 car garage mini-mansions.
—–
LOL! There is a better word for that – crapbox.
September 16th, 2010 at 5:51 pm
When land is at $1000+/sq ft, you don’t want to use it to park your car.
September 16th, 2010 at 6:22 pm
LAND is $1000/sf now? Hell, even most of the houses aren’t $1000/sf anymore.
September 16th, 2010 at 6:25 pm
>When land is at $1000+/sq ft, you don’t want to use it to park your car.
No, RE. When you are paying $1000+/sq ft you don’t give a damn – unless of course you’re stretching to live in a house you can’t afford.
September 16th, 2010 at 6:35 pm
When land is at $1000+/sq ft, you don’t want to use it to park your car.
—-
Let’s see. If Uncle Estater is talking about lot size, he is talking bullshit.
If Uncle Estater is talking about livable sqft, I did not know people in RBA keep their car in living room.
September 16th, 2010 at 7:04 pm
You just don’t understand! RBA is so Special that what is a detriment in any other place is a benefit in RBA! Here are a few examples:
Not enough on-street parking – You get to walk past Steve Jobs’ house every time you park your car!
Only one bathroom in your $2M house – Network with your rich, well-connected neighbors by going to next door to borrow their toilet!
Single pane windows rattle whenever public bus runs past your house – Early warning system The Help about to arrive so put some clothing on
Stupid jerks on burbed laugh at you for dropping all your cash on primary residence and bragging about brilliant decision – Fracken renters. The only thing they’re free from is equity.
You’re under water – You won’t be in the long run. Just die in your house.
September 16th, 2010 at 7:15 pm
nomadic- “LAND is $1000/sf now? Hell, even most of the houses aren’t $1000/sf anymore.”
That was last year’s RBA pricing. This year land is $1,075; and houses are much more.
And if you were thinking in some other direction, please send cupcakes with sprinkles; I have a date tomorrow night.
September 16th, 2010 at 7:29 pm
You have to earn Sprinkles cupcakes around here by writing guest posts for burbed.
September 16th, 2010 at 8:11 pm
RBA land is usually between $100 and $250 per sq ft.
A Tesla roadster would cost over $1,300 per sq ft (assuming its MBR).
September 16th, 2010 at 10:11 pm
Out-of-towners just don’t understand. Unlike in non-RBA areas, the size of the home you can build in Palo Alto is a function of your lot size, and most lots are between 5000-7500 sq. ft. Building a 2 car garage is not an effective use of space. A new house often sells for $1200/sq. ft. Would you rather allocate 400 sq. ft. to garage space (which is NOT counted in the square footage of the house) or to living space? Math is not that hard.
September 16th, 2010 at 10:21 pm
Spoken like someone who overextended himself and is now counting his every sqf.
If you want to expand your living quarters’ square footage, just add a basement. Oops I forgot, you live in a 10-year flood zone
September 16th, 2010 at 10:33 pm
Building a 2 car garage is not an effective use of space.
——
GrapesTwo-car garages are sour.September 16th, 2010 at 10:36 pm
Excellent home at $1329/sq. ft. Pending.
September 16th, 2010 at 10:38 pm
Unlike in non-RBA areas, the size of the home you can build in Palo Alto is a function of your lot size, and most lots are between 5000-7500 sq. ft.
—-
The non-RBA homes are not function of lot size? Good for non-RBA people. They can build any size home what want. Infinity sqft?
September 16th, 2010 at 10:42 pm
Excellent home at $1329/sq. ft. Pending.
—-
How could it be a excellent home? It has 2 car garage!!! Did not use the space effectively.
Oh, yes, it is at the RIGHT side of Middlefield.
September 16th, 2010 at 10:56 pm
>>Good for non-RBA people. They can build any size home what want.
Those are called monster homes. Makes the neighborhood look like crap.
September 16th, 2010 at 10:58 pm
This one will sell quickly at $1077/sq. ft.
September 16th, 2010 at 11:00 pm
No garages in the RBA? How uncivilized.
Even in East Palo Alto, they have garages for me to store my uber classic Pinto.
September 16th, 2010 at 11:08 pm
I thought we agreed not to talk about Palo Alto.
September 16th, 2010 at 11:13 pm
Alex, you found a garage in EPA that hasn’t been converted to living space?!
September 16th, 2010 at 11:31 pm
Alex, you found a garage in EPA that hasn’t been converted to living space?!
—
Oh, that happens only in RBA. Effective use of space.
September 16th, 2010 at 11:31 pm
nomadic, I think you confused EPA with the RBA.
Remember, it is the RBA where “where land is at $1000+/sq ft, you don’t want to use it to park your car.”
In EPA, there’s plenty of cheap land to build garages.
September 16th, 2010 at 11:52 pm
Alex says,
>>Even in East Palo Alto, they have garages for me to store my uber classic Pinto.
It’s better if you don’t have a garage. At least people will not break into your house to steal your car.
September 16th, 2010 at 11:58 pm
^^^ lol
September 17th, 2010 at 9:23 am
RE, your logic is incomparable.
September 17th, 2010 at 9:51 am
RE, your logic is incomparable.
—–
No doubt.
In #51:
In #75:
RBA thieves are Real Thieves. They don’t touch car parked on driveway, but love breaking into house to steal car.
September 17th, 2010 at 9:56 am
3 words to describe Pralay: Reading comprehension problem.
#75 is clearly in response to Alex’s statement about living in EPA, where as #51 is about RBA.
September 17th, 2010 at 10:14 am
#78, that’s a perfect example of Faux Estater’s faux logic.
September 17th, 2010 at 10:15 am
#75 is clearly in response to Alex’s statement about living in EPA, where as #51 is about RBA.
—-
We get it Uncle Estater. Theft only happens in EPA.
September 17th, 2010 at 10:33 am
#81,
we all know that crimes in RPA is committed by invaders from elsewhere.
September 17th, 2010 at 10:38 am
Do you see a pattern? Majority of the crimes take place on major streets with high traffic, where out-of-towners can come in.
September 17th, 2010 at 10:38 am
>>We get it Uncle Estater. Theft only happens in EPA.
Still doesn’t explain your reading comprehension problem.
September 17th, 2010 at 1:03 pm
“Majority of the crimes take place on major streets with high traffic, where out-of-towners can come in.”
Of course. First they hit the home next door, and then they rob the convenience store. It’s called convenience for a good reason.
September 17th, 2010 at 1:13 pm
Still doesn’t explain your reading comprehension problem.
—-
Hmmm. Last time I checked EPA is actually walking distance from the Wrong Side of Middlefield.
October 14th, 2010 at 12:09 am
More changes since this house was featured.
Oct 03, 2010 Listed $899,000 – MLSListings #81048463
Sep 30, 2010 Delisted
Sep 17, 2010 Price Changed
Listing is new one. New photos too. Very unique.
November 19th, 2010 at 11:11 am
“Nov 13, 2010 Price Changed $849,000″
It won’t be long and A. Lewis might be a buyer.
Lucky for you, my guess is that you’ll be saved by all the over-bidding.
February 1st, 2011 at 8:43 am
Didn’t even sell at the lowered price. Delisted, but may be back on the market any day now!
March 2nd, 2011 at 9:31 am
March 2011: The house is still for sale and you can also find it for rent on Craigslist…! http://sfbay.craigslist.org/pen/apa/2240997970.h
March 2nd, 2011 at 9:52 am
“Formal Dining Room + Eat in Kitchen – Living Room with wood burning stove. 4 bedrooms 2.5 bathrooms – attached one car garage + extra parking -
Monthly rent $3600.00
Security Deposit $3600.00
No smoking
for the additional photos / floor plan – after reviewing and driving by the home if everything looks good I would be more than happy to show you the interior of the home at your convenience. ”
Correct link:
http://sfbay.craigslist.org/pen/apa/2240997970.html
http://www.planomatic.com/6005
$43.2k annual rent on a home that was originally priced at $1,050k, and priced at $850k when it went off the market.
$43.2/850 = 5.1%
(a price-to-rent ratio of about 20)
March 2nd, 2011 at 2:06 pm
Ahhh bagholders. I’m sure this one is desperate for a buyer. They’d probably do damn near anything for one.
That brings me to another point – imagine the amount of time this bagholder has spent worrying about how they are going to find a buyer or worrying about who they will put into the house in order to make rent. Is that time and energy worth it? Does anyone desire to deal with things like broken crap, deterioration, renters, and all the other sources of exposure and obligations created from owning property? In this case, did they (the bag holder) do it themselves or are they paying their realtor to do it all? How much have they paid their realtor? Did they factor those EASILY foreseeable and expected costs into their decision to buy? (ha) The lucky flippers may come out ahead in terms of numbers, but look a little deeper and you’ll find that they can easily spend 700 hours of their time fixing and then unloading this liability. Those are hours and hours that could be spent doing anything but dealing with the headaches of homeownership. Now, that’s just fine if your job is bad or pays you very little but if you have any other options, it makes very little sense. I would imagine that this is why you don’t typically see members of the various learned professions engaging in flipping type behavior – they know better and they have better things to do with their time. On the other hand, the ones who are engaged in this behavior, by definition, don’t have better things to do with their time (because they are there doing it and must have, on some level, weighed the costs and benefits). In my uneducated opinion, this activity is best left ‘for the birds’ as they say…
What absolutely kills me is that these loanowners think that they are operating from a position of strength. If only the listed property’s owner read burbed. I’d say to them: Nobody wants your filthy home, dear bagholder. Nobody wants to live in it and nobody wants to take it off your hands. And lastly, I can tell you for certain, dear bagholder, that there is not a single person out there who is willing to pay you a profit for the “privilege” of you selling them “your” home.
March 2nd, 2011 at 2:18 pm
“Now, that’s just fine if your job is bad or pays you very little but if you have any other options, it makes very little sense.”
Translation: If you have no income producing ability, turn to renting out million dollar homes for 5%. Yep. it’s a great country in which we live!
March 2nd, 2011 at 2:52 pm
1. The realtard is a d-bag for putting obnoxious music on the site.
2. anon, where does the flipper scenario come from? My guess (based on the assessed value for tax) is that the owner either died and the heir is trying to maximize their return, or the owner has moved into a nursing home and wants to use the income from the property to fund their new rent. It’s been off the market since January so they must be hoping to rent it until “the market recovers.”