January 5, 2012

“GARAGE HAD BEEN USED FOR HABITATION”

301 ENCINA Ave
Redwood City, CA 94061

$539,000

image

Reading this, it’s not clear to me whether the garage or the house or the guest area has the built-in stereo and air conditioning.

I’m going naturally assume it was the garage. Because… what says “Awesome Man Cave” like built-in stereo and air conditioning. If it had built iPod support, this could be easily another $50k more.

I’m not sure what you’re waiting for – start the new year off right with this ultimate party pad!

Comments (18) -- Posted by: burbed @ 5:00 am

18 Responses to ““GARAGE HAD BEEN USED FOR HABITATION””

  1. SEA Says:

    I’m thinking about all the instant equity.

    Assuming the same selling price, how much is not selling for three years worth? It’s a good thing that the housing price appreciation takes care of these problems.

    While you might be thinking $539k is more than “not a lot of money,” DreamT likely has it right, “What seems to happen is that the threshold incentivizing paying attention to details and reviewing one’s copy has risen way above $799,000.” I mean who wants to get out of bed for anything less than $800k? If you want a RBA quality REALTOR, you’d better be selling at RBA quality prices.

  2. Mole Man Says:

    The front yard is concrete, the postage stamp rear yard is in the shadow of the sensory deprivation chamber and garage facility installation thing, and way over half of the lot covered by roof. How does this happen? Why at this point would anyone pay over a half million for a dump in an area demographically dominated by young Mexicans?

    The only positive is that it would be easy to walk a dog over to Selby and have it dump on the lawns of the one percenters there. That would be fun, but probably won’t drive a sale to closure.

  3. madhaus Says:

    Good find, SEA. So this house is a reprise! “Bunus”: Original listing price was $750K . We can see how well that worked.

  4. PKamp3 Says:

    Garage? In the Bay Area? Isn’t listing that it has been inhabited redundant… it either had someone living in it or there was a multi-million dollar tech company started there.

    I would only mention a garage if I (God forbid!) stored my cars in it.

  5. SEA Says:

    But if I would have paid $750k, then I’d have all that “free rental income.” You know, rent is very expensive and all. Just because the asking price on this place is down an average of about $7,000 per month since September 2009 doesn’t mean anything. Besides if it’s not sold, there is no loss, right? Isn’t that what the banks keep suggesting. How could a bank possibly mark to market? That would require having an inkling of current market values. Really it’s all about the flat screen televisions.

  6. sfbubblebuyer Says:

    The listing price mystery is solved by looking at the house RIGHT NEXT DOOR that sold for $510k after listing for $539k. Methinks they’re hoping for a $510 prices to ‘break even’ even if with taxes and realtor fees that’s more like ‘breaking bad’. Which is interesting because I bet you could cook meth in the ‘inhabited’ garage.

  7. SEA Says:

    The place RIGHT NEXT DOOR is $455 psf, or roughly 20% less. Maybe this place would sell if priced at $432k?

  8. ms Says:

    Is a “rentable” guest area different from a rentable guest area?

  9. nomadic Says:

    Funny that the selling agent has changed brokers and still has the listing after all of this time…

  10. Petsmart groomer Says:

    I miss bob. He would have found a house in “Austin” that is both nicer and cheaper.

    What happened to him? Did he finally move?

  11. San Francisco Linda Says:

    I’d like to know whether the areas you mentioned have the built-in stereo and air conditioning because it really matters.

  12. SiO2 Says:

    #10, I suspect that he now posts on patrick.net under the name “edvard2″. If it’s not Bob, it’s his twin.
    - both from TN
    - both married
    - both live in the East Bay, renting a house with one additional DHO
    - both don’t like it here, and wax poetic about TN or TX, yet have lived here for many years

    You be the judge
    http://patrick.net/forum/?author=16403

  13. Petsmart groomer Says:

    Most definitely him. Who else would say “My Wife and I“?

  14. SEA Says:

    Both are very proud about their high odometer, old Toyotas, “Both of our vehicles are well over 10 years old. They’re both Toyotas and both have way over 200,000 miles.”

  15. burbed Says:

    Ah crap. I can’t believe I forgot to check for previous entries.

  16. madhaus Says:

    Ah crap. I can’t believe I forgot to check for previous entries.

    These amateur guest editors. I swear.

  17. nomadic Says:

    #14, 15 – I think we should give burbed a pass because it’s fun to revisit a crapshack when it languishes on the market for more than a year.

  18. Petsmart groomer Says:

    “Austin” comparison: 2531 Double Creek Dr. That’s quite a dazzling fire hydrant.


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