September 29, 2014

Half a million dollar house in East Palo Alto

2112 Lincoln St
East Palo Alto, CA 94303
$550,000 Price 
2 Beds 
1 Baths
— Sq. Ft.
Built: 1947 Lot Size: 4,400 Sq. Ft. On Redfin: 17 days Status: Active
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There are no remarks available.

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Affordable starter home looking for some TLC.

Contest: For a million Burbed points, please submit your best Realtor® prose for this property!

Comments (6) -- Posted by: burbed @ 5:18 am






September 15, 2014

$2,658 per square foot Menlo Park house

421 POPE St
Menlo Park, CA 94025
$2,100,000 Price 
2 Beds 
1 Baths  790 Sq. Ft.
$2,658 / Sq. Ft.
Built: 1962 Lot Size: 6,360 Sq. Ft. On Redfin: 9 days Status: Active
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Great investment opportunity as a rental/rebuild. Excellent location! Within 2.5 miles from Facebook, Stanford, and downtown Palo Alto. Short drive to Googleplex, and good schools. This is a Trustee sale. Trustee would prefer to sell 421 & 419 Pope Street together.

Wow, let’s check out this great opportunity!

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Aren’t cantilevered sinks all the rage right now? This house was ahead of the times!

Frankly, I’m just glad to see that Menlo Park real estate has finally reached a reasonable price.

How long do you think this will stay on the market for? 7 days? 30 days?

What will you do when you buy this house? Rebuild? rent out? rebuild and then rent out?

Comments (8) -- Posted by: burbed @ 5:23 am

September 8, 2014

Mountain View houses reach healthy price finally!

1453 LLOYD Way
Mountain View, CA 94040
$1,395,000 Price 
3 Beds 
2 Baths  1,246 Sq. Ft.
$1,120 / Sq. Ft.
Built: 1954 Lot Size: 5,160 Sq. Ft. On Redfin: 4 days Status: Active

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Charming!! Hardwood floors new interior paint newer roof double pane windows! Light and bright w/ sunny southern exposure big lot, lots of grass to play Opportunity to update to your style! Prime location–quiet street–Top Los Altos schls, walk to coffee pharmacy bagels Castro St shops restaurants nightly entertainment library parks pool & Caltrain! Easy to downtown Los Altos and all of its events!

$1,120 per square foot!

Finally, Mountain View homes have reached the healthy price that they were destined to. And let’s be frank – this house offers so much, like the ability to “play Opportunity” to update to your style.

Can you think of any other homes that allow you to update them? It’s impossible!

It even has nightly entertainment library parks, and coffee pharmacy bagels! Yum, yum! Fusion cuisine at its best!

Let’s not forget all those downtown Los Altos events… such as…. (uh… could you please fill those in, in the comments section?)

Comments (15) -- Posted by: burbed @ 5:39 am

August 27, 2014

Everyone’s making $291,497 in Silicon Valley

These tech worker wages will astound you
Posted on Thursday, August 21 at 1:28pm | By Kathleen Pender

The average annual wage for high-tech workers in San Francisco rose to $156,518 in 2013, up almost 19 percent from the year before. That ranked the city No. 1 for high-tech wage growth out of 34 markets nationwide, according to Bureau of Labor Statistics data crunched by JLL, a commercial real estate services firm.

<snip>

The more astonishing statistic: The average tech wage on the mid-Peninsula (San Mateo County) last year was $291,497. Although that was down about 5 percent from 2012, it was still — by far — the highest average tech wage in the nation, surpassing Silicon Valley (Santa Clara County) by almost $100,000.

Ok, I skimmed this article. There’s a lot of blah, blah, blah. Blah blah blah. My takeaway was that the average person in San Mateo makes almost $300,000.

This puts San Mateo at the top of the Real Bay Area.

Using the Silicon Valley rule of thumb that your home should be 10x your income that means soon the average home will be $3M!

Congratulations on all you San Mateans!! You are now the Real, Real Bay Area.

Comments (11) -- Posted by: burbed @ 5:39 am

August 25, 2014

This Palo Alto home sold for $1.3M. You won’t believe what it is next to.

2411 MIDDLEFIELD Rd
Palo Alto, CA 94301
$1,300,000
3 Beds 
1.5 Baths  1,414 Sq. Ft.
$919 / Sq. Ft.
Built: 1947 Lot Size: 6,380 Sq. Ft. Sold On: Aug 22, 2014 Status: Sold

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Looking for a project? Opportunity for total remodel or new construction * Midtown location * Easy access to freeway * Large lot *

Thanks to Burbed reader RE for pointing this out a few weeks back.

“Looking for a project?” Isn’t everyone in the Real Bay Area since we’re all entrepreneurs? Now this is a project!

The insides have all the makings of a $1.3M house:

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Purple cabinets? Check. A range that looks like it is sliding away? Check. A refrigerator that’s… uh… there? Check.

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Bathroom with a shower? Vintage! Adds more value! Check.

Great. Lots of award winning features.

Now, what’s this about easy access to freeway?

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Well, being at the corner of Middlefield and Oregon Expressway, you really can’t quibble with that claim. I mean, it really is close to the freeway.

But being that Middlefield is perpetually backed up, just how would you even leave your driveway?

I guess it doesn’t matter because… well… this house is sold. I hope you act faster next time!

Comments (12) -- Posted by: burbed @ 5:59 am

August 20, 2014

Big data Wednesday – Median Home Price to Median Income ratio

Last week we highlighted how awesome and fantastic it is that San Francisco (aka the Real Bay Area) finally crushed Manhattan and New York in terms of how expensive housing has become.

So, for some data – and using some newer, brighter, colors.

image

Hmm… looks like there’s still some improvement here. It looks like the South Bay really needs to step up its game to ensure that the Price/Income ratio beats that of New York metro!

image

Hm, it looks like the blue line is sagging below the redline. That means housing is still probably too cheap. We need it to look more like the good ol’ days of 2003-2007!

image

Yeah, some room for improvement here as well!

Ok people, let’s get to work on driving up these prices!

Click here to post a comment -- Posted by: burbed @ 5:36 am

August 18, 2014

House in Cambrian Park with free street art

3224 KILO Ave
San Jose, CA 95124
$820,000 Price 
4 Beds 
3 Baths  1,860 Sq. Ft.
$441 / Sq. Ft.
Built: 1954 Lot Size: 5,100 Sq. Ft. On Redfin: 4 days Status: Active

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Bank Owned Property!!!Great Cambrian home in a very popular location. Excellent Schools. Hot tub in the back yard. Double pane windows. Very bright inside. Spacious living room. Laminate hard wood floor at the living room and the hallway. Large kitchen with breakfast room. All three bathrooms are remodeled. The garage is converted to a room without a permit. Two of the bedrooms have walking closets

Here’s what Burbed reader TF had to say:

Not sure if this is a real listing or not. the price is absurd for this crappy neighborhood (good, schools, though). Love the black spraypaint used to cover the graffiti on the yellow garage. Conversion of the one car garage was unpermitted, of course. Maybe the laminate flooring will bring in multiple offers over asking price?

I believe that’s known as street art. In fact, it might have been the kind of street art that leads to multi-million dollar riches like David Choe.

Sadly, it’s been painted over. Maybe if you buy the home, the owner will help you find the artist!

It appears that there may be some street art in along the walls/floors inside the house as well:

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Ooh. So edgey! So gritty! You could totally host a bunch of hackers here, crushing the next disruptive innovation.

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Huh. Maybe someone’s been hacking here already.

In any case, to answer your implied question TF – yes I do believe this is a real listing. In fact, it’s a real opportunity for you to strike it rich!

Comments (4) -- Posted by: burbed @ 5:27 am

August 13, 2014

Tears of joy: San Francisco versus Manhattan versus Brooklyn and more

http://time.com/money/3063930/the-15-most-expensive-cities-for-millennials/

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When it comes to least affordable counties to buy a house, four of NYC’s five boroughs take up almost a third of the list, with Manhattan (New York County), Brooklyn (Kings Country), the Bronx (Bronx County), and Queens (Queens Country), each “earning” a spot.

The West Coast isn’t off the hook, either. Beating out Manhattan for the dubious honor of most expensive city for young people is San Francisco. Buying a median-priced three-bedroom house—$950,000 as of this April— in the City by the Bay will cost median income earners more than 78% of their wages.

I really can’t help but have tears of joy every time I see this chart.

For so long, all of us worked together to ensure that the Real Bay Area would one day defeat our arch nemesis, Manhattan, to ensure that we were the most expensive place to buy real estate.

And now the news is spreading far and wide that we’ve done this.

San Francisco beats Manhattan (aka New York County), Brooklyn (aka Kings County), Queens, and (I’m guessing) Staten Island. All 5 boroughs. A sweep. One city crushes another city.

Sure, we still need to beat Tokyo and London. But this is a fantastic start.

And there’s more. By being more expensive than NY, we will attract attention as being expensive – this will help prices soar even further as panic buying sets in.

Watch out Tokyo and London – you’re next.

In the meantime, take that New York and Manhattan! We’re #1! We’re #1! And more people know it than ever now!

What will you be doing to help us beat those cities?

Comments (9) -- Posted by: burbed @ 5:12 am

August 11, 2014

Milpitas house with potential garage

222 AUTREY St
Milpitas, CA 95035
$549,000 Price 
3 Beds 
1 Baths  1,122 Sq. Ft.
$489 / Sq. Ft.
Built: 1958 Lot Size: 5,922 Sq. Ft. On Redfin: 16 days Status: Active
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This home has potential garage has been converted/with out warranty, no permits for additional, bedrooms Please don’t disturb tenants This is a Short Sale shows well.

Here at Burbed, sometimes it feels like we’ve just about everything.

And then there’s this.

The photo. Was this from a VHS tape shot while driving by? Why is it so blue? And… uh… why?

How does this house have a potential garage? Shouldn’t that be obvious?

But you know what?

This is exactly the kind of disruptive innovation we look for here in the Real Bay Area.

You had no choice but to stop and look at this listing – because it is the Purple Cow.

What will you do with this innovative listing?

Comments (9) -- Posted by: burbed @ 5:02 am

August 6, 2014

Is now the best time to buy, ever?

The Real Bay Area is all about data. Big data!

So here’s some big data!

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Green line continues to be below the blue line.

Is now the best time to buy? Ever?

Where are all the math/finance nerds?

Comments (11) -- Posted by: burbed @ 5:38 am