2269 ADDISON Ave East Palo Alto, CA 94303

Price: $130,000
Beds: 1
Baths: 1
Sq. Ft.: 650
$/Sq. Ft.: $200
Lot Size: 2,500 Sq. Ft.
Age (Years): 57
Year Built: 1951
Type: Detached Single Family
Stories: 1 Story
Neighborhood: East of U.S. 101
County: San Mateo
MLS#: 80819060
Source: MLSListings
Status: Active
On Redfin: 33 days
Fixer-upper
Single family home is a fixer upper. Lots of potential. Close to transportation and shopping. NOT a short sale.

Holy. Cow.

If this doesn’t signify the bottom, I don’t know what does. A house for just $130,000.

Here’s what Burbed reader Brian had to say:

It wasn’t the boarded up windows, the 2500 sq ft lot, the all concrete lot, or the fact that the house looks like a garage that was a “wow” factor for me.

No, it was the Z-Estimate, that said that 2% of the homes in the zip code have a value lower than this home.

And with a Z-Estimate of $370,000, you’d be missing out on $240,000 of instant equity!

I present a challenge to the readers of Burbed, find a house in the bottom 1%.

- Brian

Nice find Brian. Again. Holy cow. That’s a crap load of instant equity!

Nice challenge.

Does anyone care to take up Brian on this offer? Or are y’all too busy putting bids on this amazing steal?

2833 FORDHAM ST, East Palo Alto 94303 (East Palo Alto)
$109,500 Beds: 3 bed(s) Baths: 1 bath(s) MLS: 80813385

Bed/Bath: 3 / 1
SqFt: 1,030
Lot: 5,000 sq ft
Yr Built / Age: 1953 / 55 years
List Price: $109,500
Assoc Fee:
Remarks
This property is the perfect find for investors & buyers! This home is priced to sell, but will need a lot of time & work! This diamond in the rough has great potential to become a worthwhile investment! Don’t let yourself miss out on this golden opportunity!!

Like the people who line up outside of the Apple stores to buy iPhones and MacBook Airs, you really do have to get up early sometimes to buy houses in the Bay Area. This freaking amazing deal will probably be gone by the time you read this. And you’ll feel sorry for missing out on the $548,000 equity you missed as this house last sold in 2007 for $657,5000.

Wow. Don’t you feel embarrassed for missing this golden opportunity.

My god. $109k for a house in the peninsula. My god.

500 Hurlingame Ave Redwood City, CA 94063

Starting Bid: $179,000
Previously Valued To:* $480,000

Item #: 752
Address: 500 Hurlingame Ave Redwood City, CA 94063
Property Type: Single Family
Year Built: 1958
Square Footage: 1020
No. of Bedrooms: 3
No. of Bathrooms: 1
Total Rooms: 6
Lot Size: 0.05
Occupancy Status : Vacant
Financing Available : Yes

Hey wait a minute… this sounds familiar! Now I remember!

Very very clever!

You see, buy using a ludicrous starting bid like $179,000 approximately 1 million people will show up to with cash and Google stock in hand to buy this house.

Having just been sold on 9/4/2007 for $464,120, and a Zestimate of $535,500, I predict this house will easily clear for $535,500.

What do you think this Hurlingame house will clear for?

(Thanks to Burbed reader Michelle for this find.)