January 17, 2014

Selling Shortly in Hayward

Let’s visit the East Bay today, always good for a fresh angle. 

140116-ocie-redfin466 OCIE Way
Hayward, CA 94541
$460,000

3 Beds
1.5 Baths
1,185 Sq. Ft.
$388 / Sq. Ft.
Built: 1958
Lot Size: 5,005 Sq. Ft.
On Redfin: 14 days
Status: Active
Type: Detached
Stories: 1
Community: Alameda
MLS#: 40641549
Style: Ranch
View: Other
County: Alameda

Great Opportunity! Easy access to Hwy 880 and 92. House Needs TLC. 3 bedrooms one and a half bath. As is Sale.

140116-ocie-tiltWe’re going to take this one if this is really As it Is —>

And while some of the interior shots are almost maddeningly normal, fortunately the agent did not disappoint us with this careful study of the dining room.

140116-ocie-dining

One could almost think the Real Estate Professional was so excited about this Great Opportunity that she couldn’t be bothered to focus the iPhone before running to her car to post the shots.

Comments (10) -- Posted by: madhaus @ 7:06 am






October 24, 2013

Those of us about to be sold short salute you

Here’s a fantastic find in Fremont for ya with fab fotos!  Plus, there’s an AUCTION. Oooh, excitement!  Whoops, they already had it. Think it sold?

131023-bowling-redfin34179 BOWLING GREEN Cmn
Fremont, CA 94555
$385,000

HOA Dues: $275/mo.
4 Beds
2.5 Baths
1,474 Sq. Ft.
$261 / Sq. Ft.
Built: 1970
Lot Size: 1,027 Sq. Ft.
On Redfin: 23 days
Status: Active
HOA Dues: $275/month
Style: Traditional
View: Other
County: Alameda
Type: Townhouse
Stories: 2
Community: Northgate West
MLS#: 40633445

This 4 BR and 2.5 BA townhome is convenient to shopping, park and 880. Lots of light in this two story end unit with patio. DP windows. Needs TLC. Finance incentives – Call Nationstar Mortgage 877.825.2432. Open house 10/12 & 10/14 11- 4. Offers to homesearch.com auction 10/18-24th.

Oh oh.  View is usually “Neighborhood” unless it’s something awesome such as “Golden Gate Bridge” or “Mountains” or “Skyline.”  What do you think an “Other” view is? Is this house appearing on Point/Counterpoint?

Then again, with real estate photography this poignant, this house is more likely to show up on some Reality (not Realty) show such as Real Housewives of Fremont.

131023-bowling-kitchen131023-bowling-salute131023-bowling-living

And since when is $385K under Redfin’s minimum commission?

Alas, the reserve for the auction was not met.  But check out the page for more awesome photos like these.

131023-bowling-auction1131023-bowling-toilet

Comments (5) -- Posted by: madhaus @ 7:07 am

October 13, 2013

More of you are Priced Out For-EVEH!!!!!!

And now for some Totally Obvious News for Anyone Who’s Been Paying Attention, courtesy of the San Jose Mercury News (nickname: Adventures in Irrelevance).

Many first-time buyers shut out of Bay Area housing market

131012-pricedout-proudBy Pete Carey, San Jose Mercury News
POSTED:   10/06/2013 04:00:00 AM PDT, UPDATED:   10/07/2013 03:59:42 PM PDT

As the peak homebuying season ends, months of rising prices, tight inventory and competition from investors have left many would-be first-time buyers on the sidelines.

Prices are up an astonishing 31.7 percent in August from a year ago for all types of homes in the nine-county Bay Area, and for moderate-income buyers that represents a growing hurdle.

And the slice of home sales for less than $500,000 has dropped from a combined 59.1 percent to 42.2 percent in August in Contra Costa, Alameda, San Mateo and Santa Clara counties, according to real estate information company DataQuick. Homes under $300,000 are down from a combined 29.7 percent in the four counties to 15.2 percent.

See the proud homedebtor in the piccie above? He got himself a house.  In Hayward, City of Diversity. And lately we’ve been seeing ads for new homes in Mountain House.  Not Mountain View, Mountain House.  Mountain House is what people in Livermore point to when asked where the “exurbs” are,  Extra chuckle points to whatever robot put that page together calling San Ramon a “nearby community.”  Sure, just like Prunedale is “nearby” Almaden Valley.

Just as there is nothing wrong with any house that price cannot fix, there is nothing wrong with any price that distance cannot fix either. It’s just that some of you are going to have to buy in Turlock.

This is not only your Weekend Open Thread, it may have to do for the entire week. Tune in tomorrow and find out if there’s going to be a new edition of Burbed or not!

Comments (8) -- Posted by: madhaus @ 7:04 am

October 9, 2013

Needs a lot of work

Here’s a house for the budget-conscious. You may not get much when you look for “affordable housing” in the Bay Area, but at least there won’t be huge swathes of ugly.  Just small ones.

131009-weld-redfin7324 WELD St
Oakland, CA 94621
$115,000

4 Beds
1.5 Baths
780 Sq. Ft.
$147 / Sq. Ft.
Built: 1912
Lot Size: 3,500 Sq. Ft.
On Redfin: 2 days
Status: New
Type: Detached
Stories: 2
Community: East Oakland
MLS#: 40634301
Style: Bungalow
View: Other
County: Alameda

Fixer upper house this property needs a lot of work, two story building with a large back yard.

If a 3500 square foot lot leads to “a large back yard,” just imagine how much “a lot of work” adds up to. Our money is on that streetname illustrating just one of the many kinds of fixes in store.

image

Bunus: Dudette Hanging Out in the Streetview shot.

Comments (17) -- Posted by: madhaus @ 7:06 am

September 23, 2013

Complete fixer could be charming

Today’s entry doesn’t mince any words. It also disdains the use of exterior photography for the cover shot.

130923-stjames-redfin288 SAINT JAMES Dr
Piedmont, CA 94611
$950,000

3 Beds
2.5 Baths
2,227 Sq. Ft.
$427 / Sq. Ft.
Built: 1927
Lot Size: 0.29 Acres
On Redfin: 10 days
Status: Active
Type:Detached
Stories: 2
Community: Piedmont
MLS#: 40631365
Style: Normandy
View: Wooded
County: Alameda

Complete fixer in good location on large parcel. Could be very charming needs everything.

Oh, how cute. Now they’re running real estate ads in The New Yorker. Guess they have to hire cartoonists when this what it really looks like.

130923-stjames-photo130923-stjames-kitchen130923-stjames-wtf130923-stjames-srsly-wtf

Comments (14) -- Posted by: madhaus @ 7:01 am

September 16, 2013

CONTRACTORS DREAM! in Fremont

Happy Monday! Let’s get back to some housing win by sticking our toe just the teensiest bit into the East Bay. Noooo, we don’t mean Oakland or Berkeley or Richmond. We mean just over the Alameda County line but almost in Silicon Valley: Fremont! Or as our hard-working real estate professionals call it: Fre-tastic!*

130915-mission-redfin37503 MISSION Blvd
Fremont, CA 94536
$509,000

3 Beds
2 Baths
1,814 Sq. Ft.
$281 / Sq. Ft.
Built: 1910
Lot Size: 10,000 Sq. Ft.
On Redfin: 10 days
Status: Active
Type: 2 Houses on 1 Lot
Community: Fremont
MLS#: 40630404
View: Hills
County: Alameda

FIXER UPPER! HANDYMAN SPECIAL! CONTRACTORS DREAM! TWO HOMES ON ONE 10,000 SQ FT LOT! 880 SQ FT SHOP! LOTS OF PARKING! CHECK W/ CITY REGARDING POSSIBILITIES!

130915-mission-cabinets* This is somewhat of an exaggeration on our part (by which we mean a complete lie). We don’t know anyone who calls the city Fre-tastic, although we did overhear one realtard tell a client that this area was Fre-netic. That’s good, right?

And speaking of good, this will be an awesome house for any small children you happen to have lying around. Not only is the playground all set up in front, look what’s in your back yard!

130915-mission-railway

That’s not just ordinary railroad tracks, but a railroad station for Niles Canyon Railway. Yes, good old-fashioned trains, in your very own backyard! Or close enough to smell them, anyway! Whoo-whoo!  Oops, we mean WHOO-WHOO!

CHECK W/ CITY REGARDING POSSIBILITIES!

Comments (7) -- Posted by: madhaus @ 7:08 am

September 8, 2013

Department of Duh: More House for Your Money in East Bay

And now we present yet another story about people having to move to the East Bay and insisting that it was a great idea.

Families flee S.F. for East Bay with cheaper homes

130907-flight-smithCarolyn Said, San Francisco Chronicle
Updated 9:45 pm, Saturday, September 7, 2013

"Family flight" out of San Francisco is nothing new. But now, real estate prices in the city have risen so steeply – much more so than in the East Bay – that there’s an extra incentive for longtime San Francisco homeowners to cash out their equity and head across the bay seeking more house for less money.

After 20 years in San Francisco, John Perryand Rob Picciotto, along with their children, Ben and Louisa, and three dogs, transplanted themselves to Oakland. "I didn’t think we would ever leave San Francisco, but a convergence of things made us consider moving," said Perry.

In 1998, Perry and Picciotto had stretched to buy their Bernal Heights house and make it work as their family grew. In June it sold for more than triple what they’d paid, a windfall that allowed them to pay cash for a less expensive house in Oakland’s Leona Heights neighborhood in the hills above Mills College.

"We don’t have a mortgage anymore, which is awesome," Perry said. "We doubled our square footage on more than an acre of land, and have phenomenal neighbors. Oakland is so diverse; it’s a whole new world to learn and explore. There’s more space, more mix."

We’ve pointed out many times in the past that the East Bay was not part of the Real Bay Area because it hasn’t benefitted from the same batshit insane price increases found in places West of the Bay. Outmigration serves as a release valve on the price hikes. When SF gets too expensive compared to Oakland or Walnut Creek (two places mentioned as where SF sellers moved to), people will move East because they get more house for the money.

Three things of note from this article:

  1. Moving from SF to Silicon Valley will NOT gain you a damned thing.  The prices have gone up just as much in Googleville.  These bargains are only to be found in the Nickle and Dime or Nine and a Quarter area codes.
  2. The exact same newspaper has a another feature on how the batshit insane SF home prices are leveling off, which isn’t exactly demonstrated by this piece.
  3. San Francisco has fewer residents under 18, by percentage, than any other major city.  This really still remains as a Family Flight From ‘Frisco story. The only difference is more people moving to Montclair instead of Marin.

This is also your Weekend Open Thread. Are you considering moving further afield because trading up where you already live is too expensive?

Comments (4) -- Posted by: madhaus @ 7:06 am

August 21, 2013

BREATHTAKING PANORAMIC VIEWS, BREATHTAKING PANIC PRICE

It’s time for a visit to the East Bay! Yayyyyy! Let’s see what’s cooking on the always delightful Isle of Alameda.  Burbed reader JL has quite a find for us today, so come on in!

130820-bayview-redfin2800 Bayview Dr
Alameda, CA 94501
$985,000

HOA Dues: $2/mo.
3 Beds
2.5 Baths
1,980 Sq. Ft.
$497 / Sq. Ft.
Built: 1964
Lot Size: 3,164 Sq. Ft.
On Redfin: 19 days
Status: Active
HOA Dues: $2/month
Style: Contemporary
View: Bay, City Lights, Panoramic, San Francisco, Water
County: Alameda
Type: Duet
Stories: 2
Community: Bayview Estates
MLS#: 40625792

BREATHTAKING PANORAMIC VIEWS abound from this spectacular contemporary home! Two awesome decks allow for enjoyment of this tranquil Bay setting. The open floor plan, gourmet kitchen, hardwood floors, skylights and a master suite with sitting area are some of the many features of this wonderful home.

130820-bayview-mudflatsLet’s examine the dispatch from JL.

This is "JL" in Alameda, bringing your attention to a crazily-priced home here. This 3bdrm/2.5 bath house just went on sale and is priced FAR over anything on this street has gone for in years — at $985,000!!

Granted, it’s a nice house with a great backyard, right out on the Bay. Also, it’s probably the nicest remodel I’ve ever seen of this 1960s-era house (there are a bunch with the same 130820-bayview-rectangleslayout on this street). But you can’t remodel away the fact that it’s still stuck to another house! These homes are all "duets" or whatever you call them — two houses that share a wall.

The history for this house may shed light on the high price — the owners paid $1 million for it in 2005!!! Insane. So maybe they’re just trying to use the latest bubble to recoup some of their loss from the last bubble.

Anyhoo, thought you’d be interested! Keep up the good work!  And please refer to me only as JL!

No problem, Jürgen, no problem at all!  Oopsies!  Let’s now take a look at what a “duet home” really means.

130820-bayview-streetview

It’s not just that this is a house stuck to another house, it’s that they’re trying to pretend they’re two completely unrelated houses who just happened to be glued together completely by accident.

Comments (8) -- Posted by: madhaus @ 7:03 am

August 3, 2013

What should you do if your schools are overcrowded?

We know! We know! The answer is build more houses!

Fremont school officials warn of worse overcrowding if development goes ahead

130802-patterson-aerialBy Chris De Benedetti, The Argus
POSTED:   08/03/2013 12:00:00 AM PDT

FREMONT — Builders of the Patterson Ranch subdivision are expected to break ground next year, but school district officials fret that its 500 new homes will add more students than nearby schools can handle, worsening the Ardenwood neighborhood schools’ already major overcrowding problem.

"Our goal is to provide neighborhood school seats for kids, so that they can attend school close to where they live, as opposed to being shipped across town," said Fremont school superintendent James Morris. "We don’t want to tell families that their children have to go to different schools."

But that’s exactly what might happen to families who will buy homes in Patterson Ranch, where the nearest elementary schools already are overflowing. The district’s newest K-12 campus was built a quarter-century ago.

Student enrollment in the district’s 41 schools is 33,000, and steadily rising. Last year alone, Fremont Unified increased by 600 students, district officials said. That was a sharp spike from the past half decade, when enrollment grew 300 students each year. Rising enrollment can be "a good problem," Morris said, but it also poses severe challenges to North Fremont parents.

130802-patterson-classroom70% of Fremont residents, according to Friends of Coyote Hills, are against more development near Coyote Hills. That’s why all five Fremont City Council Members okayed building another 500 homes in the 100 acre area (marked in red on the map we included and the Murky News didn’t).

One thing we found interesting is the family selling the land is only being asked for $6 million for the school district, while it will cost $22 million to build another school for the new homes.  This sounds like a great deal, as long as you’re not a) the Fremont School District or b) living in Fremont (unless your name is Patterson).

Like they said, “a good problem.” Can’t wait for the overbidding!

Comments (9) -- Posted by: madhaus @ 7:09 am

July 3, 2013

Peak Pricing: Not Just for RBA Homes

We’ve been talking about the Bay Area Real Estate Bubble 4,0 for half a year now. One way to tell things are getting bubblicious and frothy is when areas we don’t think of as expensive start acting like Real Bay Area markets.  Today’s featured home is from the East Bay, and it joins the peak parade,  Thanks much to Burbed reader Brittney for alerting us to this disturbance in the Force.

130702-westbury-redfin5670 OLD WESTBURY Way
Dublin, CA 94568
Sold for $825,000

4 Beds
2.5 Baths
1,972 Sq. Ft.
$418 / Sq. Ft.
Built: 2003
Lot Size: 3,117 Sq. Ft.
Sold On: May 31, 2013

HOA Dues: $126/month
Style: Mediterranean
Community: Tassajara Creek
MLS#: 40615019
Type: Detached
Stories: 2
County: Alameda

Corner location! Features include two tone paint, plantation shutters and crown molding throughout. Kitchen with stainless appliances, honey maple cabinets and granite counters with backsplash. Upgraded fireplace in family room with custom tile work. Backyard w/ grassy area and custom patio!

130702-westbury-livingYes! Corner location! Twice as much traffic who can all appreciate your two-tone paint job! Now let’s hear from Brittney.

Just saw this listing go sold recently. It was listed at $724,900 and sold for $825,000 which is incidentally the exact amount paid for it by the owners back in Oct 2005 – peak of the peak during that bubble. Nothing new was done to the house and it’s not anything special in that area….

130702-westbury-patioThat’s one diference between the RBA and the East No Way, namely when the market peaked. RBA homes peaked in 2008, except You Are Priced Out Forever AGAIN this year. What’s great is you can choose whether you can’t afford Palo Alto or whether you can’t afford Dublin.

Just remember what you can’t afford for $825K in Palo Alto.

Bunus: Holy Planned Unit Development, Batman, this place has a FAR of 0.63.  That’s what your HOA fees bring: the bribes development fees to make that even legal.

Comments (5) -- Posted by: madhaus @ 5:10 am