October 20, 2014

This San Mateo house listing forgets a key detail

301 N KINGSTON St
San Mateo, CA 94401
$948,000 Price 
6  Beds 
4  Baths  2,650 Sq. Ft.
$358 / Sq. Ft.
Built: 1949 Lot Size: 5,000 Sq. Ft. On Redfin: 9 days Status: Active
20141018a

Great Single Family Home with an approved In-law Unit. Completely updated throughout! 2650 sqft of living space. Main house has 4 Bedrooms with 3 Bathrooms. In-Law unit has 2 bedrooms/1 bathroom with a separate address and separate utility meters. Live in one, rent the other! Unique Property! Great Potential Income! Centrally Located! Open House Sat/Sun October 18th & 19th from 1:30 pm – 4:30 pm.

Ok. Got it. If you’re big into the sharing economy, this house is for you. Or, buy one get one free.

With rent soon to hit $1,000,000 per hour for a 1 bedroom, you’ll be making Monopoly level money in no time! Maybe you can buy up a whole street and replace it with a hotel (like the one in the background?)

But… I think this listing forgets a key detail! One that’s an amazing benefit. One that you usually find in most listings!

20141018b

That’s right… easy access to freeways. I mean, come on… it’s right there.

I’m surprised that the realtor forgot to mention this on this listing.

What else would you include to improve this listing?

Comments (2) -- Posted by: burbed @ 5:45 am






October 7, 2014

Shocker! House with additions and permits

343 N HUMBOLDT St
San Mateo, CA 94401
$779,000 Price 
5 Beds 
3 Baths  1,890 Sq. Ft.
$412 / Sq. Ft.
Built: 1939 Lot Size: 6,450 Sq. Ft. On Redfin: 42 days Status: Active

20141006a

This is a great opportunity for a large family, the main house has 4 bedrooms 2 bath with a attached legal in-law unit. The house needs cosmetic work but it is in good shape. all additions were done with permits.

Those of you who have read burbed for long enough know why this is a shocker… it’s a house that has additions with permits. A legal in-law unit.

Normally, the Real Bay Area is full of disruptors and entrepreneurs – leaders and visionaries who know that laws and regulations are mere guidance meant to be broken.

In fact, reading this listing, I almost have a certain disdain for this house. So ordinary. So legal. There’s a real lack of ambition.

Someone with true leadership and ambition would add 4 more bedrooms to this house. Wouldn’t you?

Also… what’s going on with the curtain in this picture…

20141006b

Huh?

Comments (2) -- Posted by: burbed @ 5:16 am

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
20140929a
There are no remarks available.

There are no remarks available?

I’ve got some remarks!

Affordable starter home looking for some TLC.

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

Comments (10) -- 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
20140913ab
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!

20140913a

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

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 (13) -- Posted by: burbed @ 5:39 am

August 4, 2014

San Bruno house great for both of your families

828 4TH Ave
San Bruno, CA 94066
$868,888 Price 
5 Beds 
3 Baths  1,358 Sq. Ft.
$640 / Sq. Ft.
Built: 1934 Lot Size: 5,000 Sq. Ft. On Redfin: 50 days Status: Active
20140804

JUST REDUCED BY $20,000 –Two Homes on one lot- Detached . One car garage- deep driveway-plenty of parking-large lot. Ideal for people who have two families. A good investment. GREAT POTENTIAL– CHECK OUT NEIGHBORHOOD IMPROVEMENTS, ALSO CLOSE TO NEW CALTRAN STATION ON SAN BRUNO AVE

Thanks to Burbed reader Mr_Handy for this find!

Here’s what he had to say:

“Ideal for people who have two families.”  I dunno about you guys, but I don’t want my wife and my mistress living that near each other. :D

I dunno, Mr_Handy. Have you thought about the potential for residuals from a reality TV show – and the merch that might go along with it? I’m thinking “Big Love – San Bruno”

Also, once again, let’s not forget the plenty of parking situation. You could operate your own airport car park here! More income streams!

This seems like a huge potential for people who want to make money.

Can you think of any other ways to make money from this house?

Comments (4) -- Posted by: burbed @ 5:34 am

July 28, 2014

This one will not last! … in San Carlos

2508 EATON Ave
San Carlos, CA 94062
$729,750 Price 
3 Beds 
2 Baths  1,590 Sq. Ft.
$459 / Sq. Ft.
Built: 1949 Lot Size: 4,500 Sq. Ft. On Redfin: 2 days Status: Active
20140727
INVESTOR OPPORTUNITY! Loads of upside potential. Needs updating and foundation repairs. Located in the Carmelita Manor neighborhood with well cared for and high-end homes. Easy freeway access for commuting to Silicon Valley or San Francisco. Act fast! This one will not last!

There’s a saying that you should buy the worst house in a good neighborhood.

Is that this house?

Could you actually update this house and repair its foundations? Or will you need to tear it down and rebuild? That’d be another $500k-$600k.

Is that what they mean by this one will not last? If there’s a big puff of air, will this immediately fall over?

That said, if you do tear down this house, you should at least salvage this:

20140727b

Check out that yellow faucet. Now if that’s doesn’t make this house, I don’t know what would.

So, are you going to buy this, you smart “investor”, you?

Comments (13) -- Posted by: burbed @ 5:57 am

July 14, 2014

Super development opportunity in Redwood City

249 E OAKWOOD Blvd
Redwood City, CA 94061
$698,000 Price 
2 Beds 
1 Baths  840 Sq. Ft.
$831 / Sq. Ft.
Built: 1920 Lot Size: 6,578 Sq. Ft. On Redfin: 71 days Status: Active

20140714 

NOW’S YOUR CHANCE! GREAT PRICE FOR SUPER DEVELOPMENT OPPORTUNITY FOR CASH BUYER & QUICK CLOSE. ABOUT 6,580 SQ FT LOT ZONED R-1. GREAT SPOT TO BUILD A NEW HOUSE & MAYBE A GUEST HOUSE – CHECK W/ REDWOOD CITY FOR GUIDELINES. FLAT, SUNNY LOT. OLDER COTTAGE OCCUPIED BUT NEEDS EVERYTHING. PLEASE DO NOT DISTURB OCCUPANTS OR GO ON THE PROPERTY WITHOUT ME. "FELL THROUGH" – NO FAULT OF THE PROPERTY.

Who doesn’t want a super development opportunity?

I mean, just look at this! It even comes with some supplies to help jumpstart your new project!

20140714b

That’s probably a good thing since there is an older cottage that is “occupied but needs everything”.

But hey, just check out what else this house comes with:

20140714d

Awww. How cute!

What would you do with this super development opportunity in Redwood City?

Comments (1) -- Posted by: burbed @ 5:11 am

June 16, 2014

Can you breathe underwater too?

461 HAMILTON Ave
Menlo Park, CA 94025
$699,999 Price 
4 Beds 
2 Baths  1,020 Sq. Ft.
$686 / Sq. Ft.
Built: 1951 Lot Size: 5,870 Sq. Ft. On Redfin: 30 days

Fabulous remodeled home in great central location. Designer niches, window coverings and lighting. Large Lot 5870 square feet. The home includes a wonderful kitchen with large counter top, family room with fireplace attached. Formal dining and living room areas. Open floor plan great for family and entertaining. Lots of backyard space with new patio cover, paved walkways, vegetable and fruit trees

21040615a

Thanks to Burbed reader JL for sending this in.

So what? Isn’t this just another ordinary 4 bed room 2 bathroom house in 1020 sqft?

Let’s take a look inside!

20140615b

Everything is so curved!!

20140615c

Is this the mystery spot?

JL and I agree: Most realtors probably have gills. That can be the only explanation for this genre of photography.

Comments (1) -- Posted by: burbed @ 5:50 am

June 10, 2014

BOGO in Redwood City

414 ST FRANCIS St
Redwood City, CA 94062
$675,000 Price 
1 Beds 
1 Baths  690 Sq. Ft.
$978 / Sq. Ft.
Built: 1946 Lot Size: 6,517 Sq. Ft. On Redfin: 11 days Status: Active

Very unique property offering endless possibilities! TWO SEPARATE UNITS on a large lot. Terrific location! Great opportunity for investors, builders or owner occupied buyers. Main house is a charming 1 bedroom, 1 bath featuring a cheerful living/dining room combo; deck with views of the hills; a large bedroom; hardwood floors. The second unit is 1 bedroom with a private side yard. Open Sat/Sun 2-4.

20140609a

That’s right! Buy one get one! Who doesn’t like a deal?

I don’t know about you, but that second house (which looks suspiciously like a former garage or barn) would be great for servants.

That’s right, all you Downton Abbey fans – this is the house for you! Just think! You could be the lord of 414 St Francis! How prestigious!

Most importantly, your servants would literally be below you (since the second unit is a bit sunken). Feeling high and mighty already, right?

Deals like this don’t come up everyday! And at just $675k! What a steal!

Bogo before it gogos!

Comments (4) -- Posted by: burbed @ 5:51 am