August 18, 2011

Detached converted garage makes this the perfect home for your large family and toys

Here’s another listing from the wilds of San Jose hillbilly country, from intrepid Burbed reader Tracy!

 

3535 SIERRA ROAD, San Jose – North Valley, CA 95132
$699,000

image

BEDS: 4
BATHS: 3
SQ. FT.: 2,977
$/SQ. FT.: $235
LOT SIZE: 2.67 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1970
COMMUNITY: Berryessa
COUNTY: Santa Clara
MLS#: 81133736
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 12 days

Large 4 bedroom 3 bathroom home located on large 116,000 SF lot. Room for off street parking and detached converted garage makes this the perfect home for your large family and toys. Nice patio deck with some views of the surrounding area. Tenant in property, please make appointment to see and do not disturb occupants.

Here’s what Tracy has to say about this property:

imageWow, I feel for the “tenants” AKA owners who are being foreclosed on. However, maybe they have less worries since the photography of the listing is so bad! Could the lighting be any dingier? When the main selling point is “room for off street parking,” and there are only pictures of the lot, temporary buildings and cars, I wonder how they got the kitchen shot.

On the plus side, I think the picture of the four Cypress trees is very artistic. I guess the agent imagines that a detached garage makes a house perfect for a large family… but I wonder what lurks behind those bushes!

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Artistic?  I guess it takes a certain kind of talent to use a modern camera and manage to overexpose the yard but leave the flash off inside.  At least the date is still readable in both shots.

And props to the agent for having the date set correctly.  Remember that listing where all the pictures were from 2003?  I think it cost a few thousand more than this place, too.

Okay, do any Burbed readers know what this is all about:

Listing Information
  • Bank-Owned/REO
  • Tenant Rights

What tenant rights are involved in San Jose house rentals?  Is this like Berkeley where you’re obligated to let the tenant stay 40 years or until they die in your house, whichever comes last?  Is that why the price went down 90% in six months back in 2003?

image

Tenant in property.  Sounds like removal is going to be painful.

Comments (7) -- Posted by: madhaus @ 5:06 am

7 Responses to “Detached converted garage makes this the perfect home for your large family and toys”

  1. z2amiller Says:

    Nice big lot, but kinda useless because it looks like it is about 50 feet wide through most of it but 1000 feet long. Great if you… wanted to build a runway for your private plane? Subdivision of mobile homes? Drag strip? Driving Range?

  2. The Gilroy Alex Says:

    There’s no information given about the shape of the lot.

    It’s big enough to garden/farm on, I’d actually consider this a good guy but wait until it goes down some more. This place here has been “valued” as high as 1.2 mil I believe, and the guy who owns it expects it to eventually be worth $100k. It’s the simple 10%-of-peak rule. By the time it’s down at bottom though, whoever has it won’t want to sell it, they’ll be living on it and growing their food.

    So you want to buy a place like this, and when it’s gone down a bit more, but how long do you wait? you want to pay in cash, but you may want to put today’s cash into precious metals then cash in in a few years for 4X the cash – then buy the danged house.

  3. The Gilroy Alex Says:

    OK I found the photo, it *is* an oddly shaped lot.

  4. Divasm Says:

    I guess the size of the lot somehow justifies the fact that there’s only 1 interior photo, but I’m always very suspicious when there are so few interior photos…like this place, which has 10 photos, only one interior: http://www.redfin.com/CA/Woodside/46-Tum-Suden-Way-94062/home/876304.

  5. nomadic Says:

    #4, the confirmation you are looking for is under the “property information” section: Fixer Upper.

  6. The Gilroy Alex Says:

    We all know what’s behind those trees – the Knights who say Knigh!

  7. MS Says:

    Tenants in foreclosure properties can stay the term of their lease if the lease was signed before the notice of default.
    Two more people were added onto the deed in July 2003, which would explain the $100K.
    APN = 595-10-057
    County grantor-grantee db at http://www.sccgov.org/


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