December 17, 2011

BLACK FRIDAY DEALS: Cheapest house in Downtown SJ!

DEALS DEALS DEALS just keep on coming!  And if you’re interested in downtown San Jose, you’re very busy so we’ll keep this quick.  Now, you may be asking yourself, how can this be the cheapest house downtown when the cheapest house in the entire county cost (gasp!) a hundred dollars more?

Well, that’s simple.  There are actually several houses listed for around this price, and the official cheapest house was one of the few that wasn’t pending.  But look, you read Burbed.  You know how the real estate business means real funny business.  You know a “pending” on a short sale means the seller is doing everything possible to jinx it, and a pending with release on a short sale means the buyer isn’t exactly trying their hardest either.  So this listing is like an irresistible force meeting an immovable object, or maybe the opposite; say a buyer with better places to invest making an offer to a seller who doesn’t want to go anywhere and won’t see a dime from the transaction.

That means all you have to do is threaten bribe heartily encourage everyone involved: seller, buyer, listing agent, buyers’ agent, bank agent, and of course, your agent to sell you this property!

560 E JULIAN St, San Jose, CA 95112


SQ. FT.: 1,188
$/SQ. FT.: $126
LOT SIZE: 1,242 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Victorian
VIEW: Neighborhood
COMMUNITY: Central San Jose
COUNTY: Santa Clara
MLS#: 80840481
STATUS: Pending With Release
ON REDFIN: 1154 days

Back on the market! No fault on property! Beautiful Victorian Home waiting for you.

imageYup, if you’re wondering how they got a 1,188 square foot house on a 1,242 square foot lot, that’s no fault on property.  If you’re wondering why it’s been listed 1154 days, that’s no fault on property, either. Maybe agent means no tennis matches have been played here.

Also I don’t know what’s on the counter next to the sink, but I think it qualifies for the Good Housekeeping Seal of Approval.  Or at least the Burbed good housekeeping tag.


Comments (4) -- Posted by: madhaus @ 4:03 am

4 Responses to “BLACK FRIDAY DEALS: Cheapest house in Downtown SJ!”

  1. z2amiller Says:

    Wow, built in 1908. That’s a lot of time for termite damage to accumulate. You’d have to hope that whoever paid $470K for this place in 2005 had money left over to upgrade the plumbing and electrical systems, but the fact that just a few years later it was listed for $299K and now is down to half that leads me to believe otherwise. Almost unbelievable that someone is taking a >300K haircut on a $470K house 🙁

    I guess this could probably be a pretty nice place with some time and money and TLC, maybe $150K is a low enough price for someone to get in there and start fixing it up. I wonder if there are hardwood floors buried under that tile and carpet.

  2. SEA Says:

    If I remember right, a little, tiny lot, like this one, is a sure sign of valuable land. Who would want a small lot if the land were low cost? What is the final sale price going to be, including the so-called overbidding?

  3. Mole Man Says:

    This part of Julian floods now and then. The small lot is a sign that this was near where the action was before 87 cut this area off from downtown.

  4. SanJoseRenter Says:

    I have been following this property for a few years, and have visited outside. (The realtor refused to return my calls.)

    It was actually $99,000 at one point, with a warning of not safe to enter, thus a cash buyer needed.

    Somebody with brass balls bought it for about that and remodelled it.

    The lot is small because it is in the city core with small lots surrounding it, including an empty lot to the right.

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