“Will be a good house for first time home buyer” in San Bruno
$249,000
Beds: 2 Baths: 1 Sq. Ft.: 780 $/Sq. Ft.: $319 Lot Size: 2,460 Sq. Ft. Property Type: Detached Single Family Stories: 1 Year Built: 1947 Community: Belle Air County: San Mateo MLS#: 81057164 Source: MLSListings Status: Active On Redfin: 52 days Will be a good house for first time home buyer. Alternate to condo, no, HOA fees. and private.
Hey all you first time home buyers! Boy does San Bruno have a deal for you!
Alternate to condo, no?
And best of all – location location location
Hello! Can you say “passive income from SFO parking”? Rich Dad would be super proud of you! Maybe even Tiger Mom!
And to think that people say there’s no affordable real estate in the Bay Area… phsaw!
February 21st, 2011 at 8:13 am
Still overpriced. Next.
February 21st, 2011 at 9:33 am
Somewhat unrelated question. What do you guys think of:
http://www.auction.com
I recently saw a house on this site for 39K. The place looked half decent in the picture so I decided to check it out. It was a complete dump. I did not even bother to step out of the car. The picture did not match the actual house.
This got me thinking. There are out of state buyers who bid on these homes based on the information they see on the website. Is this site a sucker magnet? Do serious RE investors consider the data on this site?
I also understand that auction houses charge the buyers a fee. Any idea how steep the fee can be? Can a house that is being auctioned still have liens on it? The Bank might take a loss after the auction but the city might still go after the house for back taxes.
February 21st, 2011 at 10:12 am
Rich Dad isn’t married to Tiger Mom anymore. He traded his fortysomething wife and mother of his children in for two twentysomething Trophy Mistresses, and a Trophy Divorce. All he got to keep was the Porsche. The RBA house stays with the kids, they need the school district.
I hope his rent checks are covering the young ladies’ shopping excursions. One of them has her eye on this cute little place.
February 21st, 2011 at 11:53 am
Madhaus -
Is this true or just a Karma fantasy?
February 21st, 2011 at 12:25 pm
What a POS. Short sale too.
Shouldn’t the listing say “needs TLC” and/or “fixer upper?” It’s a horrible house for the first time buyer – it’ looks like there hasn’t been any maintenance (not even light bulbs or Drano) for decades. Then again, a first time buyer might not mind the place falling down around them if they’re handy enough to fix things.
February 21st, 2011 at 12:29 pm
I like to apply the ‘piece of shit test’ to houses like this? It goes something like this: Is the house a piece of shit? If yes, then its not worth a quarter million dollars.
February 21st, 2011 at 12:36 pm
Come on Nomadic, first time home buyers don’t deserve to buy something livable. That’s the whole point of pricing them out.
February 21st, 2011 at 12:49 pm
> If yes, then its not worth a quarter million dollars.
bob, is that you?
February 21st, 2011 at 12:53 pm
Did you all notice this POS went for $215k… in 1998? Talk about living in your house while it makes money for you! I bet you could have made a lot less than 1.003% annually!
February 21st, 2011 at 1:24 pm
> bob, is that you?
…Maybe? I don’t know about you, but I sure as shit wouldn’t put up a quarter mil for this place and I wouldn’t even consider paying $1,200 a month for 30 years. Would you?
February 21st, 2011 at 1:55 pm
> Would you?
I sure as shit wouldn’t. But I also sure as shit would have spelled “it’s” properly
Now, I would still feel confident buying a house from Liana Melcher, who not only is an incredible agent, but who is also not afraid of fighting the punctuation Establishment.
February 21st, 2011 at 2:04 pm
#8, hell yeah – being a short sale, they’ve been pocketing (or much more likely, spending) all of the money that crap palace has been spewing!
February 21st, 2011 at 2:55 pm
yep yep.. the current debtor is probably up to their eyeballs in debt. Hilarious stuff.
The place isn’t worth what it was in the 90s. The structure has deteriorated more and the land has probably become more polluted.
February 21st, 2011 at 5:17 pm
#10, good call:
Wow, what did they put down, 5%? They sure put their butts on the line… after sacrificing their eardrums.
February 21st, 2011 at 5:38 pm
Too bad Propertyshark doesn’t show the refi info anymore. That loan data must be the original ones; I’d like to know how much they got before defaulting.
February 21st, 2011 at 5:41 pm
“I sure as shit wouldn’t put up a quarter mil for this place and I wouldn’t even consider paying $1,200 a month for 30 years. Would you?”
Now I know that there have been so many who have claimed that nothing is left after renting for many years, but really, if you “purchased” this POS and paid $1,200 a month for 30 years to your friendly lender, what would you have left over?
February 21st, 2011 at 6:04 pm
> if you “purchased” this POS and paid $1,200 a month for 30 years to your friendly lender, what would you have left over?
A piece of the American Dream.
February 21st, 2011 at 8:07 pm
> if you “purchased” this POS and paid $1,200 a month for 30 years to your friendly lender, what would you have left over?
Plus pride of ownership! Of course, who owns whom isn’t exactly what you thought.
February 21st, 2011 at 8:11 pm
#14, I didn’t realize PropertyShark no longer has Refi info. I just thought what they had was pretty hit or miss.
But I did wander over to Foreclosure Radar and found this:
On what planet is this POS worth almost not a lot of money?
February 21st, 2011 at 8:13 pm
Ahhhh, disregard the above, that’s a 1400 sf house. That’s what I get for going by street names with no numbers. Any suggestions on where else to look up the amount outstanding?
February 21st, 2011 at 8:18 pm
There are a LOT foreclosures in this zip code. Sorry for all the posts, everyone. This one is closer, the square feet are within 40 (740 sf, 2 BR, 1 BA).
Say WHAT??????? Even if it’s a different house, it’s still next to the runway, it’s still really tiny, and it’s still… oh what’s the use explaining?
February 21st, 2011 at 8:30 pm
There is no explaining how ridiculous appraisers were during the bubble.
February 21st, 2011 at 8:37 pm
The value is in the land!
February 21st, 2011 at 8:42 pm
This is what you can get in Tracy for the same price:
http://www.movoto.com/real-estate/homes-for-sale/CA/Tracy/2356-Abbott-Ct-102_11003324.htm
Why go anywhere else?
February 21st, 2011 at 10:55 pm
Both houses are garbage, real estater.
February 21st, 2011 at 11:46 pm
Plus the house in Tracy has grease spots in the driveway while the San Bruno driveway has a delightful live plant border.