May 17, 2012

Can instagram compete with this?

2115 PULGAS Ave
East Palo Alto, CA 94303

$588,888

2115pulg

Over the years, here at Burbed, we’ve seen a lot of unusual listings. But this one… this one… definitely caught my attention.

Let’s break it down:

1. Price ending in 888: For a house in East Palo Alto? Really?

2. .35 of an acre? Huh?

2115pacre

3. What’s up with the black and white, “I faxed a newspaper clipping” photo?

Now that, my friends, is a feature that instagram definitely needs.

But going back to the original point – who exactly is this listing targeted at? How do all these strange pieces fit together?

Comments (15) -- Posted by: burbed @ 5:48 am






May 16, 2012

Are you ready for 2012 – you know, end of the world and all that?

2166 UNIVERSITY Ave
East Palo Alto, CA 94303

$650,000

2166ua

Well well well. What do we have here.

Are you ready for the end of the world? Do you own this home? Hint: The answers are connected.

In particular, I love the idea that this place has a 3 car garage with half bath. Now that’s a survivalist ready for action.

I bet that wood fence is actually hardened steel with a birch veneer (from Ikea).You should see if you can get the survivalist vehicles that are parked there to be included with the house!

Are you ready for the end of times? Well, if you had this house, you would.

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

February 1, 2012

Welcome home to EAPLA!

248 GREEN Sts
EAPLA, CA 94303
$210,000

31green

Welcome home to EAPLA! It’s like SoMa or FiDi, but a few miles south!

Wait… where is EAPLA you ask?

Here’s a clue!

31goo

Clearly the realtor of this learned a lot on marketing from Stringer Bell! Kudos!

It’ll only be a matter of time before the city with weather best by government test becomes known as ReWoCi. You heard it hear first!

Comments (18) -- Posted by: burbed @ 5:26 am

December 13, 2011

String-Like Lot for Construction-Like Challenge!

Today’s find is from Burbed reader Petsmart Groomer!  No house, but you get to use your imagination coming up with the best design to fit this location, location, location!

1544 Woodland Ave, East Palo Alto, CA 94303
$100,000

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BEDS: –
BATHS: –
SQ. FT.: –
LOT SIZE: 0.62 Acres
PROPERTY TYPE: Residential Land (Single Family)
COMMUNITY: West of U.S. 101
COUNTY: San Mateo
MLS#: 81142619
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 67 days

A wooded terraced landscape located along San Francisquito Creek bordering Crescent Park, one of Palo Alto’s finest neighborhoods and across the street from the University Circle office complex, home of the luxurious Four Seasons Hotel of Silicon Valley.

It looks tranquil enough, as long as it isn’t in that Special Flood Zone we keep hearing about; whoops, it’s “In Flood Plain” according to the listing information.  Plain, not Special at all.  But if you don’t like the house you end up building here, check into the hotel across the street!

Now, what kind of building would you site on this lot?

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Maybe a spaghetti factory?  Does it matter, really?  It’s bordering one of Palo Alto’s finest neighborhoods!

Comments (8) -- Posted by: madhaus @ 5:12 am

December 10, 2011

BLACK FRIDAY DEALS: Cheapest House in East Palo Alto

DEALS, we have DEALS, this is the place for the DEALS!  We haven’t visited Palo Alto’s favorite neighbor in a while, so let’s see how the bottom of the market is faring there.

We’re going to show you the second cheapest home today, because the one with the rock-bottom lowest listing price is 1. Pending and 2. Already featured on Burbed when the SJ Mercury News discovered that there were some crapboxes in the Bay Area.  Note to the Merc: We look at crap several times a week, every week!

2280 GLEN Way, East Palo Alto, CA 94303
$180,000

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BEDS: 2
BATHS: 1
SQ. FT.: 760
$/SQ. FT.: $237
LOT SIZE: 2,500 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1954
COMMUNITY: East of U.S. 101
COUNTY: San Mateo
MLS#: 81119301
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 219 days

Gorgeous 2bd/1ba with granite counter tops throughout the kitchen. Easy access to all major freeways and shopping. A must see home.

xxx

I agree this is a must see.  Who knew you could find a trendy 2010 white kitchen in East Palo Alto?  With granite, yet.

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The agent seems to have the camera permanently jammed up against her face, and neglected to turn it the other way.  So we’ll turn to the GoogleCam for a better look at the exterior.

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Yowza!  This must be a Burbed record.  I don’t think I’ve ever seen FOUR different houses in a Streetview shot before.  And “bunus” points for the car with its hood open.  I checked and…

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I can’t tell if that’s a DHO behind the hood.  What say you?

Comments (3) -- Posted by: madhaus @ 4:09 am

September 12, 2011

Instant Equity, Just Add the Water Someone’s Under

Here’s a find courtesy of Burbed reader SEA, from ages ago in comments.  Too bad it’s pending; opportunities like this one aren’t going to wait!  (Don’t worry, the bank will.)

 

2085 ADDISON Ave, East Palo Alto, CA 94303
$280,000

image

BEDS: 3
BATHS: 1
SQ. FT.: 1,540
$/SQ. FT.: $182
LOT SIZE: 7,800 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
YEAR BUILT: 1947
COMMUNITY: West of U.S. 101
COUNTY: San Mateo
MLS#: 81129142
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 58 days

Nice home in East Palo Alto, Close to Freeway 101 and near Appt. buildings. This home features Living room, kitchen, 1 fireplace, 3 bedrooms, 1 bathroom, natural sunlight, open space, & needs TLC.

Here’s what SEA had to say about this nice home:

Sure it’s in the wrong zip code (94303), but we’re talking instant equity, cash flow positive from day one.

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That’s right, $506k in instant equity. Alternatively, the instant equity is 180% of the listing price (Or 90% based on the 2004 sale). How could one go wrong with such a deal?

Besides, don’t we have the Facebook Effect to save the world? Or does the Facebook Effect only apply to the RBA?

And if you think 2007 was insane bubblicious pricing, there’s still the $250K of instant equity from 2004!  I’m with SEA, there is absolutely nothing that could go wrong with this deal.

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Look at that convenient location!  You can walk to Menlo Park AND Palo Alto!  If you worked at Facebook you’d be sitting pretty!

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And you can probably fit about ten bazillion vehicles on that driveway, so you can make extra money operating a parking lot and shuttling people over to Stanford games or their jobs downtown!  Plus that garage would make a spectacular (not to mention profitable) rental unit!

The house has been pending since early July, so call up the bank, offer a little more money (or a cut of your parking concession), then grab this house and just relax while the income rolls in! 

Comments (8) -- Posted by: madhaus @ 5:05 am

August 10, 2011

Call your investors and developers, hide your kids, hide your wife

Did you know that Burbed is just about five and a half years old?  There are a lot of amazing listings in the archives, at some even more amazing pricing!  In fact, Burbed reader Petsmart Groomer was just taking a stroll through them and noticed that this incredible old listing.

image

I know that pricing had gotten out of control in 2007, but… $1.25 million for EAST PALO ALTO? Burbed wasn’t using tags for posts then, but that entry would have needed something stronger than WTF, that’s for sure!  Anyway, PG wants you to know this property is back on the market, after selling in May, 2008 for $950,000. 

Care to take a few guesses what it’s listed for now?  Why don’t you mull that over, and join us after the break.  Then you can find out!  (No peeking on Redfin!)

(more…)

Comments (16) -- Posted by: madhaus @ 5:03 am

July 12, 2011

A Duel of Sparrows

Thanks very much to Burbed reader Michael Boltonestater for this double-your-pleasure set of listings.  Michael says this is a great street name, as it reminds him of one of his favorite film characters.

6 Sparrow Ct, East Palo Alto, CA 94303
$300,000

image

BEDS: 4
BATHS: 3
SQ. FT.: 2,940
$/SQ. FT.: $102
LOT SIZE: 8,190 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Traditional
STORIES: 2
YEAR BUILT: 1994
COMMUNITY: East of U.S. 101
COUNTY: San Mateo
MLS#: 81126961
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 23 days

Want a description?  Too bad.  However, the place next door is for sale, and they can arrange for one!

4 Sparrow Ct, East Palo Alto, CA 94303
$499,900

image

BEDS: 4
BATHS: 3
SQ. FT.: 2,940
$/SQ. FT.: $170
LOT SIZE: 5,600 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STORIES: 2
YEAR BUILT: 1995
COMMUNITY: East of U.S. 101
COUNTY: San Mateo
MLS#: 81123303
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 46 days

Amazing Curb Appeal. Beautiful Home Nestled at the end of a Cul-De-Sac. Enjoy all the features of a newly built home. Vaulted Ceilings, Bright Open Floor Plan and Spacious Design. Great CASH FLOW for Investment. Make offer subject to inspection. TENANT OCCUPIED-RENT CONTROL. DO NOT DISTURB OCCUPANTS.

Your decision to make: Do you want the exact same house on an 8,000 sf lot for $300K, or do you want to pay an extra $200K for the same house on 2,400 fewer square feet… BUT… you get a description!  Also, 4 Sparrow has been foreclosed not once, not twice, but three separate times!

image

Take all the time you need to decide.  I think you should go with 4 Sparrow: it sold for $790K in 2006, so it has much more instant equity, and therefore much better stories about the previous owners.  That’s #4 in the red outline, and #6 with the big lot at the end of the block.

image

Keep your eye on the sparrow!

Comments (27) -- Posted by: madhaus @ 5:13 am

June 3, 2011

Further proof real estate in the Valley is bouncing back! Check out this appreciation!

$169,900

Beds: 1
Baths: 1
Sq. Ft.: 650
$/Sq. Ft.: $261
Lot Size: 2,500 Sq. Ft.
Property Type: Detached Single Family
Style: Cabin
Stories: 1
Year Built: 1951
Community: East of U.S. 101
County: San Mateo
MLS#: 81103573
Source: MLSListings
Status: Active

On Redfin: 113 days
New tile floor, double-pane windows, new doors, security gate. Home needs to be finished inside with kitchen cabinets, etc. Seller is willing to credit $5000 for finishing projects he started.

Does this look familiar? It should!

August 4, 2008

$130,000 house in Silicon Valley. Not a mistake.

2269 ADDISON Ave East Palo Alto, CA 94303

Check it out! 30% appreciation since 2008! How much has your 401k appreciated since August 2008? How much interest have you earned on all that cash you have sitting in the bank since 2008? That’s right… only enough to buy a forever stamp from the post office.

Sure you could argue that I should deduct the costs of upgrades and taxes – but that’s what an out of touch, ivory tower elitist would say. Common sense says that Profit on a house = Sales Price – Purchase Price. Duh!

Again, clearly it’s a great time to be a real estate speculator in the Valley. Dump your LinkedIn shares and start buying up East Palo Alto properties today!

Comments (10) -- Posted by: burbed @ 5:50 am

June 2, 2011

Five Years of Circling the Drain

Who here doesn’t love overpriced crapboxes?  Anyone?  Of course we all do!  Overpriced crapboxes are what makes Burbed Burbed!  And today’s listing is not just an overpriced crapbox, but an overpriced crapbox with a mystery!  And you will NEVER guess where it is!

Thanks very much to Burbed reader sfbubblebuyer, who has a house to sell you.  Or maybe it’s a house to stay away from.  I just know that buy it or drive 25 miles in the other direction, you will not forget this place.

2504 EMMETT Way, East Palo Alto, CA 94303
$575,000

image

BEDS: 5
BATHS: 4
SQ. FT.: 1,620
$/SQ. FT.: $355
LOT SIZE: 5,060 Sq. Ft.
PROPERTY TYPE: Detached Single Family
STYLE: Ranch
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1956
COMMUNITY: East of U.S. 101
COUNTY: San Mateo
MLS#: 81110691
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 84 days

5 BEDROOMS, 4 BATHS, 2 CAR ATTACHED GARAGE, CENTRAL FORCED AIR HEATING, FENCED YARD. UPGRADED WITH DUAL PANE WINDOWS, ETC.

image

Here’s what sfbubblebuyer had to say about this house:

I was going to post this to compare its crackerbox joylessness with the current crackerbox from Mountain View, but thought the listing history might deserve a post all of its own. I’m HOPING you know some people with access to the MLS for listing histories, because Redfin only shows it redacted, and Zillow seems to be ignoring the old listings history, but check this bad boy out.

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imageOn sale since 2006, and they’re still in denial! It’ll be their 5 year anniversary of chasing the market down on the 26th. Oh man, I want the juicy listing data to see where these geniuses started at and how they overplayed their hand for 5 years. How the hell do you try and sell in 2006 and FAIL? SERIOUSLY? They must have priced this bitch at 1.2 million or something to start!

Okay, sfbb, I feel your pain.  And I found this:

image

imageLook!  It’s the same agent as now, all the way back in 2008, and the asking price was only $120K more.  Why, $120K wouldn’t even cover an East Palo Alto down payment in 2006.

Maybe this place was where they put the melamine in the milk products, or where our former Governor met up with bimbettes who weren’t classy enough to merit the Sacramento Hyatt Regency.

Comments (20) -- Posted by: madhaus @ 5:07 am