September 21, 2011

Drive a little, save a lot.. on coffee!

Howdy, Guest Editor sonarrat here for a record-breaking second listing in the same month! Well, I grew up in the South County area, and I still have a soft spot for that sleepy, oft-forgotten area between the IBM exit on Bailey Ave and the shortcut to I-5. As I drive on the gently winding road through the dead, lifeless and empty Coyote Valley or take the even less scenic route along the deserted Monterey Highway by the town of Coyote (pop. 121), I can’t help but feel like I’m coming home. It’s that warm and fuzzy feeling that you can’t explain, especially to anyone who grew up anywhere else. If you’re coming to shop, though, like a lot of people, you want to keep going past the Harley-Davidson dealership in Morgan Hill and make a beeline for sunny Gilroy, the self-proclaimed “Garlic Capitol of the World.”

 355 W 8th St, Gilroy, CA 95020

355 W 8th St, Gilroy, CA 95020
$275,000

 

BEDS: 3
BATHS: 1
SQ. FT.: 1,957
$/SQ. FT.: $141
LOT SIZE: 10,000 square feet
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1920
COMMUNITY: Morgan Hill/San Martin/Gilroy
COUNTY: Santa Clara
MLS#: 81120758
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 126 days

Short Sale AS-IS Zoned R3!! Plans approved for a Duplex. LARGE LOT 10,000 SQ!! Developers Dream Large Lot and Lots of Potential!! Converted Garage!! DO NOT DISTURB TENANTS!!! POTENTIAL!!! LARGE LOT 10K Plans for two homes. LOT HAS R-3 ZONING!!! SHORT SALE Will need approval from Lender on SHORT SALE AS-IS ZONING R3 R3 R3 R3 Please DO NOT DISTURB OCCUPANTS!!! Lots of POTENTIAL!!!!!!!

OMFG!!!!! So, um, what we have here is clearly a very excitable realtor. But the listing bears closer inspection. After all, during your interminable drive down here, you will see a sign that reminds you of why you made the trek.


Yes sir, you drive a little and save a lot in Gilroy. That’s why, for the price of this lovely updated condo in a convenient San Jose neighborhood with high-rated schools, you can have a scraper in a blighted neighborhood, the main selling point of which is that you have the possibility of casting it off the face of the Earth and starting over again from scratch. Not, mind you, that anyone is questioning the value in Gilroy. This is a lot of house for the money, and a lot of flat usable land, too. And as an added bonus, you get to hear the same train tracks Steve Jobs does – the Caltrain station is just a few short blocks away! Not to mention a number of cafes where you can get your daily coffee or 15. In a subtle attempt to emphasize how much house you’re getting, the realtor included 9 vibrant photographs. Let’s have a look:

That’s what I call value for your money. One exposure, nine reasons why you should call Gilroy home! But wait – there must be some reason why the realtor is so amped up that his finger twitched nine times on the “post” button and forgot entirely to mention this is actually a legal duplex, address 345-355 W 8th St. People just don’t get this excited normally. Oh, what’s this?

The fastest flip in the West has competition! Or else the realtor’s head exploded and no one has bothered to remove the listing. Either way, you win at 345 W 8th St in Gilroy! Drive a little, save a lot!

Comments (25) -- Posted by: sonarrat @ 5:19 am

25 Responses to “Drive a little, save a lot.. on coffee!”

  1. Mole Man Says:

    The nice thing about this listing is that the zoning implies the existing structure should be removed. A beautiful future is coming to Gilroy. Develop dingbats downtown, dear dreamers!

  2. Divasm Says:

    So it’s been listed on Redfin for 134 days now and it was sold a month ago? So the listing didn’t even go away it just turned around immediately? What happened there?

    So there are currently tenants yet this super-excited Realtor is basically telling you not to let them know that you plan to buy it, evict them and flatten their home? Is that right? I guess that would count as “disturbing the occupants”, huh?

  3. madhaus Says:

    I suspect it wasn’t actually sold but taken back by the bank. At a foreclosure it says “sold” whether the bank or someone else “buys” it.

    Look at all that instant equity they get, too!

  4. CB Says:

    I’m trying to put myself in this Realard’s shoes — writing the text for this MLS, posting 9 of the same pictures, and THEN considering it a job well done.

    Is the workload such that there’s not a second left for proofing? Does it ever occur to these people to sit back and ask “is this a reasonable way to present myself and my talents”.

  5. Divasm Says:

    I know, right? I mean, it’s not like this is a simple data-entry job and all they do all day long is enter listings. I mean, it’s how the property is sold, and it’s something they theoretically do no more than once a day, how hard is it??

  6. The Gilroy Alex Says:

    I had a long post written but then it got trashed in one of the frequent site crashes.

    Gilroy downtown is DEAD.

  7. AstroWallaby Says:

    > “… for the price of this lovely updated condo in a convenient San Jose neighborhood…”

    Um, “lovely?”. I’m guessing you’re talking about the interior photos of that condo, and not about the actual building or the facility it’s in? I know a couple who sold their unit in the building next door last year after giving it the full lipstick-on-a-pig treatment, and “lovely” is not a word they would use to describe anything about that place. ;^)

    (They were *very* happy to get away from those fantastic 1970’s buildings with dysfunctional plumbing, spooky aluminum wiring, and disintegrating plywood exteriors. As for the neighborhood it may be “convenient” but it’s a skull-shattering lawn dart’s toss away from 280 and has a pretty serious parking congestion problem. $275,000 might be “reasonable” by demented Silicon Valley standards, but that’s about it.)

  8. nomadic Says:

    Yeah, what’s with the site crashing and/or just not loading all the time now? It’s been pretty bad for more than a week.

    (If I do a useful post – rare, I know – I try to do a quick Ctrl-C on it before submitting to make sure it isn’t lost.)

  9. AstroWallaby Says:

    Oooh, as an aside, check out this nearby neighbor of the Gilroy house:

    http://www.redfin.com/CA/Gilroy/7256-Church-St-95020/home/1022385

    In particular, the aerial view. Take a nice old Victorian on a reasonably roomy lot, maybe spruce it up a bit… and then fill the entire backyard with another house. Brilliant! That’s down-south country-style livin’ for you.

  10. madhaus Says:

    I’m sorry about the frequent site outages and I have no idea why they’re happening. burbed hasn’t given me any new insight on the issues, but the server keeps crashing and resetting. Obviously NAR and CAR are determined to stop us from telling THE TRUTH!

    AstroWallaby, that’s a great find, suitable for Burbed treatment for so many reasons.

  11. Divasm Says:

    Aha! Reply with a thumbs-up to post #10 if you think there’s a great conspiracy theory story to be had (or made up) about why Burbed keeps crashing!

    OK, the best Realtard comment about #9’s listing has to be “this is the definition of sweat equity.”

    That house reminds me of this house in San Carlos. The house in front of it, actually on the street, is currently listed. When I went to look at the satellite view I realized that there was another house right behind it with a random alley put in to get to it – I guess they were trying to capitalize on all the flat land they could find in the expensive section of San Carlos, but it’s weird: http://www.redfin.com/CA/San-Carlos/8-Mesa-Ln-94070/home/1649180.

  12. The Gilroy Alex Says:

    So what I’ve got another house right next to mine. Granted, it’s a chicken house.

  13. sonarrat Says:

    #11, that’s definitely not flat land. Almost as soon as you get off El Camino in that area it starts going up.

  14. SEA Says:

    “Is the workload such that there’s not a second left for proofing?”

    I’ll admit that I type too many of these messages in quickly, and I’ve been known not to spend even one second proofreading it. That said, I’m not trying to earn a commission on a million dollar property.

    I’ve often asked, what should a seller expect for $60,000?

    Pay me a few thousand, and I’ll spend a few extra seconds cleaning up my messages. :-)

  15. SEA Says:

    “PROOF VERSION”

    3260 Waverley St

  16. SEA Says:

    Buy a shack for $200k in 2002, list a “Fixer Upper” for $1,250k in 2011:

    518 Fulton St

    RRRRReal RBA.

  17. SEA Says:

    I’m too lazy to look up my original comment about how this place is my favorite PA listing right now, but there has been a $450k asking price cut.

    In PA? What’s up with that?

    More money for the kids’ education?
    Instant Equity?

    1184 PALO ALTO Ave

    While that price cut might be nice, take a look at 75 Crescent Dr., a $625k reduction. These days that’s like two average EPA properties.

    Where’s the RBA when you need it?

  18. MS Says:

    Did someone come up short in keeping up with the foreclosure department?
    Because FORECLOSURE! REO! sounds even better than SHORT SALE AS IS, which it’s not now.
    Better yet, how about STABLE TENANTS!!! INCOME POTENTIAL!!
    That sounds better than, say, “tenants aren’t leaving and you can’t make them until their lease runs out.”

  19. MS Says:

    14,
    You fail to understand that run-on non-sentences and a pompous attitude are not just entitlements in the business. They are requisite, along with airbrushed photos and tax-deductible classes on how to market oneself.

  20. The Gilroy Alex Says:

    This cold has my sleep all screwed up.

    People do indeed ride horses around, and over the freeway overpasses. I dunno about right downtown though. And Lizarran used to be the cop shop? LOL!

    And we do have a lot of car dealers. Since I’m a “new economy” customer, I rate car dealers by how neat they look as I go right on by and never buy a car. And my pick is Levitz, although they recently changed names/owners. That 1960s “improbable structure” shading their cars is priceless. You can tell they were expecting George Jetson to come zooming on in sometime.

  21. SEA Says:

    #19- The best things in life are free, maybe?

  22. Two Houses for the Price of One! | Burbed.com Says:

    […] AstroWallaby for this absolutely amazing listing from the garlic fields of Gilroy!  Remember, drive a little, save a lot! […]

  23. Petsmart groomer Says:

    > take a look at 75 Crescent Dr., a $625k reduction

    Update: $1,050,000 reduction after only 5 weeks on the market.

  24. Modern architecture of approx 20 years old | Burbed.com Says:

    […] Today’s blog made me think of this house.  A contrast between $200K in Gilroy with nine of the exact same pictures and a $20 million property with only one […]

  25. Petsmart groomer Says:

    >> take a look at 75 Crescent Dr., a $625k reduction

    > Update: $1,050,000 reduction after only 5 weeks on the market.

    And another $250K reduction. Now $4.2M.


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