August 3, 2011

Bidets are even better than columns to drive up prices!

Please welcome Burbed reader Divasm to the front page, with a lovely listing in San Carlos to share with you! Please give Divasm a warm, RBA welcome for the very first time as today’s Guest Blogger!

Wow, I got two days off in a row, I am LOVING this!  I don’t really need to say anything more, I’m just trying to get that horizontal line under the Guest Blogger photo at right.

There, that did it.  And keep those listings and guest posts coming in!


116 CLUB Dr, San Carlos, CA 94070
$950,000

image

BEDS: 4
BATHS: 3
SQ. FT.: 1,960
$/SQ. FT.: $510
LOT SIZE: 6,900 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: Bi/Split Level
VIEW: Valley
YEAR BUILT: 1947
COMMUNITY: Beverly Terrace
COUNTY: San Mateo
MLS#: 81129013
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 30 days

Beautiful home nestled in the “San Carlos Hills” fabulous Canyon views bright & Open floor plan. Large updated kitchen with granite counter tops. Refinished hardwood floors through the kitchen , living and dining areas. Private back yard with outside deck for entertaining. A must see !

imageMy husband and I saw this home in San Carlos before it was listed by the bank (we were searching REOs) and were intrigued – nice neighborhood, big backyard, and it failed to sell at auction for $889K, so we figured the bank sit on it for a while and list it lower, as it’s obvious nobody thinks it’s worth that much.
116bathroom

WRONG! They didn’t even slap fresh paint on it (as is evidenced by the half-painted kitchen where appliances are missing), just turned around and listed it for….$1 Mil update: reduced to $950K! Why, you ask, would this home that Zillow lists at $926K, be worth that much? Could it be the several exits available out to the deck (I believe it was at least 5 doors, one of which is in the master bathroom, for those quick exits during police raids apparently)? Could it be the fact that you get a one-car garage with a nice front garage door but no side wall to enclose it (In case you get claustrophobic while getting into your car, perhaps)?

Or maybe it’s the bidet! The rather small-ish master bedroom features an even smaller-ish bathroom that you can barely turn around in yet features the normal toilet, sink and shower – and again the door to the deck in case you need to bolt after flushing something – and… A bidet!! That obviously makes this a place that fancy-types live, and thus 116garagedoorjustifies the 7-figure price! Keep your eye on this one folks, it might be going fast…er, by that I mean sometime in the next 6 months I guess since it’s been on the market for a month already.

I’ve attached a photo of the backdoor next to the toilet, you can see the rim of the bidet across from the door. I’ve also attached our photo of the front of the garage door, and the side with no wall. :) Sorry we didn’t get a better photo of the bidet…I think we were just trying not to drop the camera in shock.

116garage

Comments (18) -- Posted by: madhaus @ 5:08 am

18 Responses to “Bidets are even better than columns to drive up prices!”

  1. sfbubblebuyer Says:

    I LOVE the garage door on the carport. So classy! They obviously missed the memo about putting a fence up so your neighbors can’t see the open side of it and realize you’re not a REAL homeowner because you don’t have a fully enclosed garage to turn into an illegal rental.

  2. ES Says:

    wait, I’m sorry SFBB- I thought I was seeing things… is that *really* a garage door on a carport? That’s not like a normal thing that people do, right? Did I miss a meeting on this where it’s OK to do that all of a sudden?

  3. nomadic Says:

    TL;DR, ES?

    Look at the bizarre listing history. 2005 sale for $940k and then 2006 for $464k?

  4. ES Says:

    So, Nomadic… help me understand this. How does a person of sound mind (and we’re assuming sound mind since they’re able to qualify for a mortgage post-bubble burst and they’re not handing them out everyone anymore) look at that price history and go “oh, doubled since 2006? I’LL TAKE IT!” I need to meet the people that eventually buy this place and ask them what their thought process was. Does this mean it will double in another 5 years? Is that what they’re thinking? I don’t get it.

  5. SEA Says:

    The believers know what’s going on here. Why worry about 2006?

    We start with this:

    “Mar 15, 2005 Sold (Public Records) $940,000″

    And realize that the price will be near $2M in 2015, or sooner. It’s time to ‘buy on fear.’ ‘The opportunity is right in front of you.

  6. nomadic Says:

    Looking at nearby similar sales, it would appear the price is in the right ballpark. It’s probably more likely that the 2006 “sale” wasn’t really a sale, but a change in title or something.

    That garage setup is pretty damn weird. Divasm, if you’re reading, I was wondering if the kitchen cabinets that jut out past the fireplace wall look as stupid (poorly thought out) in person as it appears in the photo. I’m also wondering about the blanket of ?leaves? on the deck. Looks like the tree had a little accident.

  7. Wendie Says:

    My guess about the door/no wall on the car port is that placing a wall on the car port would increase the square footage of the home, which would be a no no. I saw this same thing in a Palo Alto house — and asked why the homeowner didn’t wall the garage in — and the realtor said that they were not allowed to do that as it would exceed the maximum square footage of the home.

  8. ilushka Says:

    #7 ah, the pride of homeownership: “you are not allowed to fully enclose your garage in your million-dollar home because it will then have too much square footage” :)

  9. madhaus Says:

    Check out the virtual tour . They have two almost identical shots of the kitchen and family room (#9 and 10) except in #9, there’s this zaftig gal meandering through. Guess they thought it was too much trouble to delete the oopsie photo.

  10. madhaus Says:

    #7, really? I thought garages are excluded from the square footage, although maybe they are included in calculating FAR?

    If you are Wendie by the Bay, nice to see you back here!

  11. nomadic Says:

    Nice find on the virtual tour. Those floors look beat to shit. Did they drag the fridge out with the leveling feet down?

  12. SEA Says:

    When the value is in the land, who cares about the floors?

  13. Divasm Says:

    nomadic – actually that cabinet jutting out didn’t bother me as much as the bazillion doors out to the (oddly leaf-covered) deck. Basically at some point it looks like the master bedroom and bathroom were added on (which means somebody made a choice to put a bidet and door in the master bath…so weird) just off the kitchen, which I found more weird.

    And we saw the 2005/2006 oddity and figured there was some error in the 2006 numbers. We also saw the random gal wandering through the photo on the virtual tour as well, pretty funny.

  14. The Gilroy Alex Says:

    Those wooden cawlumns look new, like just installed. LIke, old supports rotted out, they REMOVED a wall when they found out they were over the allowed square footage for a Prole Level IIIA in that neighborhood, or Fat Aunt Edna came over, stepped out onto the deck, and it sagged – oops.

    Still, the door is bizarre. It reminds me of a house on Rucker Avenue here, that has one of those epic gates but the fence is long gone. So there’s this magical gate one MUST drive through, giving magical security rather than actual security of any type.

    I checked out that “sad hipsters” site mentioned yesterday. Those people are unreal. It’s more like “meaningless upper-middle-class very Caucasian people who were raised on muesli” lol. Warning: Do not look at it if you are depressed or suicidal.

  15. Divasm Says:

    Yeah, something else I don’t mention in the article is that we suspect there’s some major termite issues in that place, so we’ll see if it actually makes it through inspections. The article was more dramatic when they wanted $1mil for it, but they finally lowered it yesterday. :)

  16. sfbubblebuyer Says:

    #9: As you can see by the photo, that person wandering through is double exposed, almost as if she were flickering in and out of existence… much like if she were getting sucked through a PORTAL TO HELL!

    Clearly there are more portals in the Bay Area than elsewhere because it’s special here.

    I’ve seen the garage door on a carport before, too. It was on a house in Menlo that was VERY close to East Menlo (the 101 sound wall was across the alley behind their house) and it seemed pretty sensible there. Make the punks climb a fence if they want to break into your car.

    I know for a fact The Avenues in MP is a car-crime hotspot because of easy access from East Menlo/Deadwood Shitty and the lack of virtually any usable garages. But it’s got a lot of Dinks/young families/techie nerds living/renting there, so it’s like wandering through a candy store for the hoodlums.

  17. Sam_Adu Says:

    I refuse to believe that this beautiful property ever sold for less than $900k. Any of those sales for less than $900k must have been “less than arms length” transactions to avoid property taxes.

    Property values in San Carlos are up, up and away!

  18. dominoes20 Says:

    I am not so surprised that this home is for sale or even that it’s listed in its present state. I won’t even be surprised when it sells. What WILL surprise me is the bank that actually puts a mortgage on it!
    I’m not as familiar with US real estate laws but my understanding is that buyers can walk away from these properties. Isn’t this just a bad investment for a bank? At least at this price?


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