August 4, 2011

Fenced in in Campbell

I feel we’ve been neglecting Campbell for a while, so here’s another listing from the City Without a Nickname (please feel free to make one up in the comments) or how about More City for a Million.  However, according to Wikipedia, Campbell was where the fruit cocktail was first invented.  I don’t know how they poached that feat from Sunnyvale, where the Fruit Cocktail Tower is still standing.

Thanks very much to Burbed reader THN for bringing this great deal to our attention.  Burbed reader Sam Adu also recently mentioned it in comments.

183 DILLON Ave, Campbell, CA 95008
$424,900

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BEDS: 3
BATHS: 2
SQ. FT.: 1,565
$/SQ. FT.: $272
LOT SIZE: 4,599 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Traditional
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1934
COMMUNITY: Campbell
COUNTY: Santa Clara
MLS#: 81056007
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 244 days

Great home for the growing family. Close to sought after Downtown Campbell and Rapid Transit line. Kitchen has been remodeled with granit counter tops and tile flooring. Home comes with gas stove, microwave, and refrigerater. Back yard has built in BBQ with separate guest cottage (permit unknown)

imageWell, this listing copy’s a bit of a head-scratcher; the agent misspelled “granit” and “refrigerater” but nailed “separate guest cottage.”  I like how the “granit” goes with the single-pane windows and that seafoam green paint job from 1956.

That first picture’s a puzzlement, too.  Do they expect you to park your car in the garage?  Most people park on the driveway and use the garage as a storage shed, but the white picket fence makes that option impossible!  Where the heck are you going to store your back issues of National Geographic?

While your jaw drops lower and lower as you read the listing history below, we’ve highlighted the most important parts for you.  This house has not only been foreclosed, it’s been pending five times, and changed hands for $693,000.  In 2005.

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And if you think that’s a lot of money, wait until you see the Zillow record.

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Talk about freefall!  This house is doing the limbo, because nobody’s figured out how low can it go.  Meanwhile, four different Redfin agents have toured the place, and the reviews are in!

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The location isn’t that bad, is it?

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No, it’s not as close to the freeway as Monday’s house!  Whew!

UPDATE: Thanks to Burbed reader AstroWallaby’s on-target comments, I have this neighborhood photo for your consideration:

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Comments (34) -- Posted by: madhaus @ 5:05 am

34 Responses to “Fenced in in Campbell”

  1. SEA Says:

    “Close to sought after Downtown Campbell and Rapid Transit line.”

    Is that like suggesting it’s close to the RBA, but no quite.

    Also it’s probably worth noting that the lender will likely realize a minimum of a $200k loss, plus foreclosure expenses, plus selling expenses, plus, plus, plus. Not to worry, it all doesn’t add up to a lot of money.

    After placing the block of ice, maybe the ‘refrigerater’ returns to the cottage?

  2. SEA Says:

    Add one more:

    “Aug 02, 2011 Pending (Pending With Release)”

  3. nomadic Says:

    Funny how most of the previous pending sales were re-listed within 1-2 days. Let’s see if this one sticks until tomorrow.

  4. Sam_Adu Says:

    What’s better than mawbul cawlums? Steel support cawlums in the bedroom to support what looks like an illegal addition?

    The last pic is what threw me off when visiting the place. You can see the granny unit to the left in the pic and the actual house on the right. To get into the backyard (which is rich to even call it that considering that it consists mostly of a 10 ft retaining wall) you have to squeeze between that 1.5 ft space between the granny unit and the house. I guess it’s good to keep the fatties out of your backyard but I doubt that it is up to code to have those 2 units so close together.

    Even with the cheap and ugly ‘granit’ in the kitchen, the house is probably a complete tear down to make it habitable for a modern family of 4 or 3 or 2 or 1. Tbe problem with this strategy is that the dang lot size is so little. Campbell has some very weirdly shaped lots. How in the world did a narrow business grow like tumors to surround the left, right, and back of this house?

  5. Petsmart groomer Says:

    For that price I’d expect a bidet.

  6. nomadic Says:

    Those steel columns give it an awesome mid-western basement look.

  7. AstroWallaby Says:

    The satellite view of that place reminds me of that Bugs Bunny cartoon where the area around the protagonist’s hole becomes a skyscraper construction site. (And of course ends with the completed building having a single semicircular indentation running down the side of it to accommodate a ground-level rabbit hole.) It’s just so nicely hemmed in by a parking lot on one side; a strangely generic (non-residential?) building on the other; and a warehouse that appears to house, among other things a machine shop and a diaper service directly behind. That’s a recipe for high-class living if I ever saw one.

    There *is* still a row of about five more residences clinging on further south down the street, but all of them face commercial warehouses. Clearly everyone still living on this street needs to admit they’re hopelessly surrounded and try to escape with their lives. It’s like the residential real estate version of Stalingrad.

  8. Sam_Adu Says:

    More random comments:

    1)When the prettiest part of a house is the side yard or the bathroom, as a real estate agent you know you are in for a painful listing.

    2) There actually is parking in the driveway…it’s just that the driveway is on the opposite side of the house that the garage is on. Google maps shows an awesome driveway on the left side of the property leading up to what seems like the bedrooms. How many houses allow you the opportunity to park 2 feet away from your bedroom and bed. Now that is what I call convenience!

  9. SEA Says:

    Comment on random comments: There’s nothing price cannot fix.

  10. ES Says:

    I’d buy this at under 400. straight up positive cash flow, never unrented.

  11. The Gilroy Alex Says:

    That *is* cool. Park your car, running, and it only takes a short piece of tubing to funnel the exhaust gas into your bedroom for that final, deep sleep.

  12. Divasm Says:

    What’s also telling is how strongly worded the Redfin agent comments are. We were in a house a while back that had floors reminiscent of the Mystery Spot they were so tilted, and the kitchen was a mess. The agent notes read, “2 bedrooms and 1 bath upstairs, the others are on the main level. Views of the Bay. Floors in multiple rooms appear to be sloping.”

    So with a “strong mildew smell” note I’d expect to need a Hazmat suit to go into the unit…

  13. madhaus Says:

    #12 yes, that was why I included the Redfin agent comments. It was the icing on the Suckage Cake. But a diaper service behind the back fence? That is a whole new level of Burbed Win.

  14. The Gilroy Alex Says:

    Redfin agent comments FTW.

    For some reason Sam Adu isn’t Excretor’s sock puppet any more. He’s even writing in good English like a real human being. LOL on the comment on keeping the fatties out of the yard – those darn fatties! Eating up all the food before the invited guests get there.

    As for the misspellings, I imagine it’s how they really talk and leave it at that. Lots of people say “granit” and “reefer-gator. I’ve also known people who said “comic” for Comet cleanser, and anyone remember the old Builder’s Emporium? It was Builder’s “Impore-ium” or “Explore-ium” to them. So the misspellings are useful; they let you know ahead of time you’ll be dealing with a moron.

  15. The Gilroy Alex Says:

    Implore-ium, that’s what it was.

    It was a good place to pick up some Drano and light bulbs and another can of Comic.

  16. sfbubblebuyer Says:

    #12: Is that the ‘cheapish’ house in Redwood City in the Emerald Hills area? I’ve been watching that festering pile not sell for what seems like an eternity.

    They need a new marketing gimmick. Call it the “Leaning Townhouse of Redwood City” and claim it’s historic.

  17. Divasm Says:

    #16: Yup, that’s the one. We toured it a while back, that quote was from our tour, and it was definitely one of those…”Oh, that’s why it’s so cheap” the minute you walk in kinda things.

    But it went Pending this week! With Release, so we’ll see what happens once a foundation inspection happens. For those of you playing at home, this is the place: http://www.redfin.com/CA/Redwood-City/3676-Highland-Ave-94062/home/1350780

  18. madhaus Says:

    I’ve added a neighborhood photo to today’s post, FTW. #16 and 17, nobody ever sent that one in, it looks like a Classic Burbed House! Fortunately, there’s no end to them, but a listing complete with an on-site visit is best of all.

  19. sfbubblebuyer Says:

    #18: I kept meaning to try and go to an open house with a video camera and some marbles. That would have made it an epic burbed post.

  20. DreamT Says:

    “nailed “separate guest cottage.” ”

    maybe the agent is a cheese aficionado…

  21. Real Estater Says:

    Guys,

    The moment we’ve all been waiting for is finally here. I hereby declare the green light to buy stocks in bulk.

  22. Real Estater Says:

    I was on the plane the other day, and the person sitting next to me said, “I’m moving to the Bay Area”. I asked her what is the reason. She said, “They pay more there, and there are more jobs.” I think as the economy gets worse, more people will want to move to the Bay Area, because it’s still one of the safe havens from the economic turmoil in the rest of the country. As more people move in, demand for homes here will continue to increase, and rent will go up.

  23. SEA Says:

    Is this another Green light, like last week, or a Real Green Light?

  24. nomadic Says:

    ABB!

  25. madhaus Says:

    Say hello to deflation!!!

    Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling large clients it will charge them to hold cash.

    Bank of New York Mellon is preparing to charge some large depositors to hold their cash, in the latest sign of the worries roiling global markets. Liz Rappaport has details.

    The unusual move means some U.S. depositors will have to pay to keep big chunks of money in a bank, marking a stark new phase of the long-running global financial crisis.

    The shift is also emblematic of the strains plaguing the U.S. economy. Fearful corporations and investors have been socking away cash in their bank accounts rather than put it into even the safest investments.

    Turning Japanese, I really think so…

  26. The Gilroy Alex Says:

    We’re in a Depression and deflation is part of that. That being said, my personal experience is that california is still a lot less miserable, and expensive, than other parts of the US.

    California has proven consistently to be less expensive than other parts of the US I have lived in, the numbers have always worked out better here.

    This does not mean, however, that RE is going to go up. It may just go down less quickly than in other parts of the US.

  27. Real Estater Says:

    In this climate, don’t hold cash. Hold houses.

  28. Sam_Adu Says:

    Thanks for your comments Real Estater. I always value your sage advice about the markets the most!

  29. DreamT Says:

    Of course #27 meant “hold land”, but I can see why it was harder to visualize while typing the advice…

  30. SEA Says:

    ABB for 1,000 years:

    “The longer they live, the better the news: That mere $1,000 a year would accrue $6.1 billion over 250 years. By the time they reach 800 to 1,000 years old, they will hypothetically have trillions at their disposal.”

  31. Real Estater Says:

    Get ready to pull the trigger on that buy order.

  32. Real Estater Says:

    Perfect timing…riding the market back up now.

  33. nomadic Says:

    A 50-minute turnaround? You’re a laff riot.

  34. You could live next to a castle! [Burbed.com] Says:

    […] little experiment today.  Here’s guest blogger Divasm with a fine write-up of a visit to a house previously discussed in comments.  Now, it just so happened that I also wrote the same place up, as the listing just begged for the […]


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