September 26, 2013

Priced to Sell! In Crockett!

Why would any real estate professional use the phrase “priced to sell”? How many homes listed for sale are actually priced to not sell? Here’s one in Crockett that says the agent took the trouble to let you know about it so he could collect a commission… unlike every other house on the MLS.

130925-bay-redfin425 BAY St
Crockett, CA 94525
$249,900

4 Beds
2 Baths
1,368 Sq. Ft.
$183 / Sq. Ft.
Built: 1932
Lot Size: 3,000 Sq. Ft.
On Redfin: 77 days
Status: Price Change-REO
Type: Detached
Stories: 2
County: Contra Costa
Style: Traditional
Community: Crockett Heights
MLS#: 40622629

With a little TLC this home could really shine. .. .. 4 bedroom home with 2 bathrooms in a split level style. Cozy and easy flowing with a 1 car garage and 2 parking pads. There is a nice yard and filtered views. Priced to sell!!

130925-bay-glowEasy flowing? There’s a leak in the bathroom?

While the house doesn’t merit the Burbed cozy tag (that’s for homes under 1,000 square feet), the land earned the tiny lot award (under 5,000 sf).

We have a theory why this house isn’t selling (77 days on Redfin) and it isn’t the lucky datestamp in the corner. No, it’s the dual poltergeists in the doorways.

Do you see a “Not Haunted” sign in front of this house? Well, do you?

We don’t even want to ask what “filtered views” are.  Filtered through all the ghosts?

Comments (8) -- Posted by: madhaus @ 7:07 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 29, 2013

Move-in, remodel or tear down and start over in Orinda

Sometimes our readers forget that we are a Northern California real estate blog, not just Silicon Valley. We realize with so little of the Real Bay Area outside Where Innovation Happens it’s easy to forget this. However, Burbed Win can be found almost anywhere. Today’s featured funhouse from Burbed reader edie takes us to the wild and uncivilized jungle of Orinda! (That’s in CoCoCo, in case you haven’t gone anywhere but Google via Google Bus in the last two years.)  But one thing this place has in common with so many other Burbed properties: Pending!

130828-linda-redfin6 LINDA Vis
Orinda, CA 94563
$499,000

2 Beds
2 Baths
1,219 Sq. Ft.
$409 / Sq. Ft.
Built: 1939
Lot Size: 0.29 Acres
On Redfin: 21 days
Status: Pending
Type: Detached
Stories: 2
Community: Country Club
MLS#: 40626723
Style: Cottage
View: Hills, Wooded
County: Contra Costa

This charming cottage is on a great oak-studded . 28 acre lot in the Orinda Country Club area. It’s an idyllic setting! The house is a 2 bedroom, 2 bathroom, 1200+ sf in two stories with a 2 car detached garage. Ready to move-in, remodel or tear down and start over.

130828-linda-kitchenHere’s why edie thought you’d want to venture out of your comfort zone and look at this place:

Check out the price history. The place went up by 200K in a year when it clearly hasn’t been touched in that time. (Unless "creepy backwoods cabin" is the new aesthetic among flippers.

Though pathetically, after going to yesterday’s open houses in the East Bay, this place doesn’t seem so bad to me. 

130828-linda-garageWe always wonder about listings where there are 3 times as many outside as inside pix, and it’s not like the outside shots are showing different parts of the grounds. We can only assume that the current owner has some secret Web 6.0 Electric Motor SuperDuperHyperUltraLoop High Speed mass transit project in those bedrooms that Cannot Be Photographed Upon Pain of Death or initialing every one of the 400 pages in the NDA.

Or, this being Orinda rather than Saratoga, it’s more likely a bunch of dead primates.

Comments (3) -- Posted by: madhaus @ 7:03 am

July 19, 2013

Another atrocious East Bay listing when you should buy in Mountain View

It’s time to point and laugh at the East Bay again, and Burbed reader Bob in Oakland has got just the place. Thanks very much for keeping us apprised of all the wanna-bes who won’t be living in the Real Bay Area no matter how much they try overbidding. After all, anyone can show 365 percent profit when houses like this were selling for way less than Not A Lot Of Money.

130719-yuba-redfin2612 YUBA Ave
El Cerrito, CA 94530
Sold for $903,000

3 Beds
2.5 Baths
2,570 Sq. Ft.
$351 / Sq. Ft.
Built: 1926
Lot Size: 7,000 Sq. Ft.
Sold On: Jun 28, 2013
Status: Sold
Type: Detached
Stories: 2
Community: Mira Vista Estates
MLS#: 40614765
Style: Tudor
View: Bay, City Lights, Downtown, Partial, San Francisco
County: Contra Costa

Gorgeous Tudor/arched entry, Juliet balcony, sunken LR/ exposed beam ceilings. Perfect combination of old & new. Upgraded kit/caesarstone/ tiled backsplash & stainless appliances. Updated baths. Plus rooms. Lovely yard/ brick patio. Super house for entertaining. Close to BART, shop. & restaurants.

130719-yuba-decorOk, Bob, why did you nominate today’s Tudor?

365 percent appreciation in El Cerrito!

Actually that appreciation was just from March to August of last year:  375k to 745k in five months.
It just sold AGAIN – the third time in 16 months.
Listed at 779k, went pending in two weeks, and sold for 903k (16 percent over asking).
Yes, it’s a good-sized house on a good-sized lot. But 240 percent appreciation in 16 months – W…T…F!!

130719-yuba-kitchenWTF, indeed, where do you get 365 percent increase going from 375 to 903? One percent for every day this year. Is that East Bay math?

Maybe the way it works is that this house gets extra price increase boosts, because the value of a typical listing is actually dropping simply by being exposed to other homes located in the East Bay.  Think of it as a belt of lead weights, or a heavy chain connected to a big ol’ Oakland anchor.

130719-yuba-bedroomWhy would anyone buy this house for $903,000, when it’s full of exposed hardwood and the living room is sinking plus it has a frighteningly large kitchen? It makes much more sense to buy a fixer-upper in Mountain View instead. Think of all the time you’ll save when everything is at your fingertips because the rooms are so conveniently close-in. And the Bay views from El Cerrito will lead to woolgathering when you’ll be needing to focus on work. Mountain View Eichloids don’t have those distractions! Besides, it’s not like you’d be leaving Google during daylight hours anyway.

Comments (6) -- Posted by: madhaus @ 7:04 am

July 8, 2013

Not just a house, an adventure in Lafayette!

We hope you enjoyed your four day weekend. Of course, Burbed went to work every day, and you can read the last few days’ articles while you’re avoiding yours.  For today, we’ve got another example of East Bay Real Estate Win courtesy of Burbed reader J from Alameda.

130708-hillview-redfin3256 HILLVIEW Ln
Lafayette, CA 94549
$849,000

3 Beds
2 Baths
1,427 Sq. Ft.
$595 / Sq. Ft.
Built: 1959
Lot Size: 9,963 Sq. Ft.
On Redfin: 21 days
Type: Detached
Stories: 1
County: Contra Costa
Style: Ranch
Community: Lafayette
MLS#: 40619252

Fixer upper on private lane. Uncooperative tenant, eviction in process, no show at this time. Write offer subject to viewing.

Here’s why J ventured Off the Island to send this one in:

It’s all about the listing copy on this one. It’s simple. Just write an offer. No worries about the uncooperative tenant.

We like this listing. None of this namby-pamby open house, offers will be presented at 3 am a week from Tuesday nonsense. You want to see this house? Tough. The realtard couldn’t get inside and neither can you. If you dare to buy it, you get to find out what “uncooperative” means.

Comments (2) -- Posted by: madhaus @ 7:02 am

June 10, 2013

in-ground pool, custom tile entry way

It’s time for another week of Burbed win! You know what that means, right? Sure you do! Today’s fine featured fortress is brought to you by Burbed reader J from Alameda.  Yes, another bit of East Bay win today, in Walnut Creek!

And you know that by “win” we still mean the exact opposite of “win.”

130609-newell-redfin1764 NEWELL Ave
Walnut Creek, CA 94595
$734,900

3 Beds
2 Baths
1,977 Sq. Ft.
$372 / Sq. Ft.
Built: 1948
Lot Size: 9,504 Sq. Ft.
On Redfin: 172 days
Status: Pend-REO
Type: Detached
Stories: 1
County: Contra Costa
Style: Ranch
Community: Parkmead
MLS#: 40598733

This custom home has over 2000 sq ft of living space located in the heart of Parkmead. Home features an open floorplan, custom tile entry way, hardwood floors, sunroom (permits unknown) and updated master bath. The backyard has a in-ground pool. Call today for more information on this great home!!

130609-newell-open-planLet’s have J check in on why another East Bay property when there are so many deserving listings much closer to Google:

How about a nomination for most trips down Pending Lane? And a few price reductions thrown in for good measure.

Theories? Is it the pool? The unknown sunroom permits? Can’t be the freeway noise since it’s at least a block away. The house is on a busy 130609-newell-poolstreet but just doesn’t look so terrible. What am I missing?

Oh, sure, anyone can take a trip down Pending Lane if all you have to do is lounge around on the bank’s inventory.  And anyone can take multiple trips if the house isn’t in the Real Bay Area. RBA houses are in such demand that pushy buyers are known to force their way into bank VPs’ offices at gunpoint and demand they sell them the house at 10% over asking.

What, you think real bank robbers would hit a place like Cupertino?  And if they did, they sure as heck wouldn’t dare try Los Altos.

As to the house: 8 days too soon to call this an Old LIsting. Lot’s 496 feet too small to be “big.”  But, ah, the photos.  We’re talking win.

130609-newell-open-plan130609-newell-corner130609-newell-bedroom130609-newell-doorway130609-newell-kitchen

Comments (2) -- Posted by: madhaus @ 5:01 am

May 23, 2013

This charming home is in the process of being highly updated

Let’s check in with Burbed reader J from Alameda, who seems to be spending a lot of time not in Alameda of late.  Once more J has a house for us in Walnut Creek. Is it Burbed-worthy?  You know the answer!

130522-buena-trulia2215 Buena Vista Ave
Walnut Creek, CA 94597
$599,000

(Overlook)

4 bedrooms
2 full bathrooms
1,416 sqft
Single-Family Home
For Sale / Resale
$2,682 / mo
20 Days on Trulia
476 views
Bungalow Architecture
Heating: Gas
Lot Size: 6,860 sqft
Built in 1930
Neighborhood: Overlook
MLS/Source ID: 81314840
Zip: 94597
1,416 sqft

2215 Buena Vista Ave Built in the 30?s this charming four bedroom home is in the process of being highly updated throughout property inside and out. Buyer can choose colors if upgrade work has not begun. Walk to BART, freeway around the corner and other amenities.

130522-buena-backWell, we thought where it says Overlook up top that was an order. But J sent it in to us anyway. Here’s why, despite it being in the East Bay and everything:

More freeway! At least the agent almost told the truth – Joe says the freeway is around the corner but it’s really across the street. Of the 16 listings photos how many are the same? Finally, no inside pictures? I want to see the freeway view!

130522-buena-streetviewYour wish is granted.  That’s the streetview from the house.  Bunus: trash bins!

We apologize for not using Redfin today (that’s what J sent in) but they occasionally take their system down when we’re writing, so we had to give someone else a turn.  So helloooooooooo Trulia! Also this is another chance to complain about Redfin not linking to our posts anymore.

Oh, and we counted up the photos. We think there are only actually 3 of them.

But you can choose your colors if you hurry!

Comments (4) -- Posted by: madhaus @ 5:08 am

May 17, 2013

WOW! So many exclamation points in Walnut Creek all done with permits!

To finish out the workweek, let’s check out a place perfect for the athlete in us all. Thanks very much to Burbed reader J from Alameda for this well-sited wonder in Walnut Creek.  (You can laugh about our including yet another East Bay listing, but we have just one word to say about that. PENDING!)

130516-bonita-redfin1261 Bonita Ln
Walnut Creek, CA 94595
$649,000

3 Beds
2 Baths
1,356 Sq. Ft.
$479 / Sq. Ft.
Built: 1948
Lot Size: —
On Redfin: 15 days
Type: Detached
Stories: 1
County: Contra Costa
Style: Contemporary
Community: Walnut Creek
MLS#: 40612878

WOW! Immaculate 3 bedroom/2 bathroom home in cul-de-sac location with separate 1 bedroom/1 bath cottage all done with permits! Gleaming hardwood floors, designer colors, and more. Nicely landscaped yards with Jacuzzi and lighted SPORTS COURT! Walk to Olympic in 2 minutes on nearby trail!

130516-bonita-sportscourtHere’s why J sent this house in:

This is a first: freeway noise wall in a listing photo! Granted its a photo of a cool basketball court but still. Cute house but what’s the air quality going to be like? Forget asking about noise issues. I’ve heard the freeway noise in these neighborhoods described as ‘a waterfall’, ‘white noise’, ‘rushing water’. Will it go over asking? Will it get multiple offers? Could a house with a freeway wall in the backyard ever sell in a market that is not red hot? Discuss.

130516-bonita-collectionsYou see a freeway wall, J. We see a lighted SPORTS COURT!

And note the Redfin Collections this house is part of. Is this a new category we’ve managed to miss until now? How can you even tell a property is subject to a bidding war unless you’re one of the people bidding on it?

Or was this one of those places where you had to wait in line to get into the Open House, where you felt obligated to submit an overbid when it was finally your turn to tour the interior?

Comments (7) -- Posted by: madhaus @ 5:09 am

May 15, 2013

Extreme privacy in Lafayette

Let’s see how the other half lives again.  No, not the have-nots versus the haves, the other half of the Bay Area! Yes, it’s time for another East Bay Extreme Edition!  Thanks very much to Burbed reader Stefan in Lafayette for sending us this super siting story!

130514-hunsaker-redfin1571 Hunsaker Canyon Rd
Lafayette, CA 94549
$800,000

2 Beds
1 Baths
1,100 Sq. Ft.
$727 / Sq. Ft.
Built: 1980
Lot Size: —
On Redfin: 77 days
Property Type: Single-Family Home
View: Woods, Forest
County: Contra Costa
Style: Contemporary
Community: Walnut Creek/Lafayette
MLS#: 405200

OPEN HOUSE – SUNDAY 1 – 4. Extreme Privacy – Small house with wall-to-wall windows overlooking FOUR spectacular acres of trees, nature, peace and tranquility. Room for horses or 20+ cars. 2 or 3 bedrooms. Feels like a million miles away, yet only 15-minutes to the freeway. Road is paved from freeway to front door. Lafayette Schools are exceptional – some of the highest-ranked Public Schools in California. Also Open Houses on Saturday 03-02 and Sunday 03-03 from 1pm to 4pm. Please no drive-by’s on weekends during non-Open House hours or after 5pm. Offers reviewed Monday 03-04 at 3pm.

130514-hunsaker-frontPaging Stefan in Lafayette, white courtesy phone!

Here is a two bedroom house that has room for….um, two bedrooms? But on the bright side you can have up to 20 plus cars. But the date and time for reviews of the offers has passed…does that mean me and my 20 cars are out of luck? 

130514-hunsaker-laundryWow, so many numbers in this listing you’re going to need a CPA to audit it for you. FOUR acres, 20+ cars, 2 or 3 bedrooms, a million miles away yet only 15 minutes to the freeway.

Too bad the Open Houses were 60 days ago.  Wouldn’t have wanted to be at that agent’s desk Monday 03-04 at 3 pm!

Bunus: If you were thinking this street name sounded awfully familiar, you were right.  Can anyone find a murder at this house too, preferably San Jose Sharks-related?

Comments (1) -- Posted by: madhaus @ 5:02 am

May 10, 2013

Bay Area Bubble 4.0 Lands in… Walnut Creek!

All week we’ve been looking at examples of No Bubble Here, all over the San Francisco Bay Area. But today’s house shows otherwise.  Thanks very much to the Burbed reader who sent this in but wouldn’t make up a dorky nickname. (Warning: next time we make one up for you.)

130509-meadow-redfinUndisclosed Address
Walnut Creek, CA 94595
$550,000

4 Beds
2.5 Baths
2,213 Sq. Ft.
$249 / Sq. Ft.
Built: 1947
Lot Size: 0.30 Acres
On Redfin: 14 days
Type: Detached
Stories: 1
County: Contra Costa
Style: Ranch
Community: Walnut Creek
MLS#: 40612224

Great area of Walnut Creek, large level yard, needs lots of work bring your contractor NOT handyman!!

Here’s what Burbed reader Too Lazy To Even Try To Make Up My Own Nickname had to say about this listing:

I know inventory is tight where I’m looking but $550K????? For what?

Naming rights? Ahahahahaha!  Actually for $550K you also get the street name, which we will kindly provide to all our readers for absolutely nothing.  What better proof of a bubble is there than sellers who won’t tell you where the danged house is?

130509-meadow-movotoMeadow Rd,
Walnut Creek, CA 94595
$550,000

Loan Payment: $1,885/mo
Bedrooms: 4
Bathrooms: 2&1/2
Size: 2,213 sqft
$/sqft: $248/sqft
Type: Single Family House
Year Built: 1947
Lot Size: 12,900
Days on Movoto: 14 days
MLS#: 40612224
Status: Pending

Great area of Walnut Creek, large level yard, needs lots of work bring your contractor NOT handyman!!

Oh, what’s this, you want a street number as well? Picky, picky. Some people are just so demanding.

130509-meadow-google-where

Estately’s listing doesn’t have the address anymore, so let’s hear it for latency in search engines!  Let’s also hear it for the great job Zillow did hiding that this place is for sale.

130509-meadow-zillow

Bring your contractor and CIA agent not handyman and GPS!

Comments (4) -- Posted by: madhaus @ 5:02 am