January 10, 2012

Fremont wants back into the RBA

We’ve had many discussions on what makes a place Real Bay Area (RBA) and more importantly, what makes a place Not.  Good schools, professionals for neighbors, and no uncorrectable deficits such as freeways, airports, and toxic waste dumps is a start.  But what’s a real tip-off that a place is in the RBA?

Not only is it way too expensive for what you’re buying, but the asking price has been increased.  Many thanks to Burbed reader Praveen for today’s featured listing.

 

42261 CAMINO SANTA BARBARA
Fremont, CA 94539
$10,998,000

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BEDS: 4
BATHS: 2
SQ. FT.: 1,931
$/SQ. FT.: $5,695
LOT SIZE: 7,910 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 1
YEAR BUILT: 1964
COMMUNITY: Alameda County
COUNTY: Alameda
MLS#: 81200779
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 1 day NEW LISTING (24 HOURS)

Very exclusive Mission Highlands East section of Chadbourne. One level four bedroom with huge remodeled kitchen and family room. Large master bedroom newly remodeled master bath. Large yard. Wonderful layout. Easy wlk to Mission High, Chadbourne elementary.

imageThis not particularly large home on a not particularly large lot was listed for $1,099,000 on EBRD, the East Bay multiple listing service, last Friday.  But when it appeared on MLS (used by the West Counties) the following Monday, the price had gone up tenfold.  What happened?

Simple. Houses marketed to East Bay buyers aren’t as Special as houses for Peninsula and South Bay buyers.  That’s why there’s one price for the East Bay and a higher, better, more exclusive, lots more Real Price for Silicon Valley lucky duckies.

And boy, some Silicon Valley home-owner-to-be is going to want this place!  Doesn’t that location, location, location suggest rural isolation and quiet evenings at home?

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Absolutely!

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Get your overbids ready, because photography like you see for this listing doesn’t come cheap!

Comments (15) -- Posted by: madhaus @ 5:04 am

15 Responses to “Fremont wants back into the RBA”

  1. magdalena Says:

    A house in the RBA should have a very good view of the bay! Preferable it should be on a very high hill so you can have a view from your basement. It’s important to keep the help from feeling oppressed. Your street should be so exclusive that everyone, especially police, fire and the mayor, knows that if anything goes wrong you will get priority in dealing with the problem. If you house is less than 5,000 sq. ft. you’re just kidding yourself. It must have originally been built to house the help and people are laughing at you. Your house must have been ‘taken down to the studs and rebuilt’ at least once in the past 20 years but you also need to have had construction trucks parked outside for at least 9 months out of every 12. If you can hear anything other than birds chirping it’s time to move. People are getting too close.

  2. z2amiller Says:

    The HDR photos (With bonus lens flare on the outdoor shots!) are worth the uplift!

  3. gallileo Says:

    Fremont in the RBA? Dream effing on.

    It’s on the wrong side of Middlefield and you can’t walk to Steve Jobs’ house from there, so it will always be a wannabe.

  4. nomadic Says:

    magdalena, nothing says “I have arrived” like having a Porta-Potty in the street in front of your house 9 months out of 12!

  5. SEA Says:

    #3- Do you understand the direct connection between Palo Alto and Fremont?

    Please allow me to remind you.

    It’s all here.

    I’m sure Tesla is expanding the RBA more than any contraction from the loss of NUMMI.

  6. Divasm Says:

    Wow, it starts as 110K and ends up 10mil…and even better, Redfin is telling us in the sidebar we can save $113K by using them. Numbers are hard.

  7. dandreiberg Says:

    Could it be that the realtor just added an additional zero? (1099000 to 1099800 with an extra zero)?

  8. sfbubblebuyer Says:

    That’s crazy talk dandreiberg! CLEARLY that house is worth 10 mill!

  9. The Gilroy Alex Says:

    $10 mil for a POS suburban house by a freeway.

    Is the much-talked-about hyperinflation coming soon? Do they know something we don’t?

  10. madhaus Says:

    The freeway and location fail tags are now firmly attached to this ten million dollar spectacular.

    For some reason, Redfin didn’t generate links back to us on this place, on either version of the list.

  11. SEA Says:

    “Could it be that the realtor just added an additional zero? (1099000 to 1099800 with an extra zero)? ”

    Looks like an additional 8, which should only add value.

  12. Sunny(vale) Kim Says:

    At least the agent/seller tried to make this property presentable and sellable. Where is that good old days when a property in Mission District would sell “as-is”?

    2002 sale price $720,000. It’s only logical that after 10 years this property would sell for at least $1.4 million – after doubling the value. As everything is remodeled here, it’s only logical to assume that this property will sell for $10 million.

    And looks like this property is not exactly next to freeway. From the satellite view it seems there is a nursery at back. What could be better than a nursery (unless of course you have pollen allergy). It’s green. No noisy neighbor. $10 million price tag justified.

  13. Sunny(vale) Kim Says:

    As a “bunus”, the PG&E high risk pipeline is not far from this property. Zoom in the map. The pipeline goes near Cam Santa Barbara and Via San Gabriel – about 15 properties away from this property.

  14. Mole Man Says:

    The bedrooms are all squashed together, and the lot isn’t big enough to fix that problem easily. Another floor might do it, but that will probably require foundation and structure improvements. If this is the American Dream, then please pinch me!

  15. Alex Says:

    #7, are you being facetious or are you Faux Estater’s twin brother?


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