It’s East Palo Alto week!

1912 PULGAS Ave, East Palo Alto, CA 94303 | MLS# 80913446
1912 PULGAS Ave East Palo Alto, CA 94303
Price: $798,000

Beds: 2
Baths: 1.5
Sq. Ft.: 1,260
$/Sq. Ft.: $633
Lot Size: 9,944 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
View: Neighborhood
Year Built: 1949
Community: East of U.S. 101
County: San Mateo
MLS#: 80913446
Source: MLSListings
Status: Active
On Redfin: 151 days
HUGE LOT ALMOST 10,000 SQ. FT. ACROSS FROM SMALL MARKET. PUBLIC STORAGE AND GASOLINE STATION NEARBY. CLOSE TO HOME DEPOT, BEST BUY, ETC.

Some people might value being near the water, near good schools, near their church. But let’s face it, in hectic Silicon Valley – you want to be near the essentials. This house is near a small market (food), gasoline (energy and food), home depot (repairs and food), and best buy (fun toys!).

Let’s see what else it is close to:

And, it’s a green house – symbolizing your commitment to the environment. It’s like wearing one of those bracelets saying you support a cause, except that you’re living in it.

However, living in a green house may attract attention… thus:

You see, sometimes you’ll need to keep those crazy tree huggers away. This fence will provide your tree with some privacy.

Hey, for $633 per square foot (though a 10k lot), that’s the least the owner could do!

It’s East Palo Alto week!

2292 POPLAR Ave, East Palo Alto, CA 94303 | MLS# 80935801
2292 POPLAR Ave East Palo Alto, CA 94303
Price: $175,000

Beds: 2
Baths: 1
Sq. Ft.: 940
$/Sq. Ft.: $186
Lot Size: 5,000 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 1
View: Neighborhood
Year Built: 1952
Community: East of U.S. 101
County: San Mateo
MLS#: 80935801
Source: MLSListings
Status: Active
On Redfin: 22 days
Great deal, Home was remodeled & then vandalized entire kitchen was stolen but has brand new bamboo floors new paint & is in otherwise good condition, just no kitchen. Likely not to qualify for FHA Also has separate rental unit in the back with addition 2 rooms, kitchen & bathroom for extra income. Home is Bright & Open floor plan info provided by seller & others has not been verified by agt

Thanks to Burbed reader Herve for this find.

Wow… let me just say that the affordable housing crisis in the Bay Area is now officially solved. At this price, most people could just charge it on their American Express Centurion Card!

Herve thought it was kind of ridiculous that the agent adds no value by having that giant disclaimer in the end. However, I think the Agent should be commended for providing so much honesty and transparency!

Let’s take a look at two key photos shall we?

Yep. That’s good condition.

But hey, at this price, why not?

130 MAPLE Ln, East Palo Alto, CA 94303 | MLS# 80923674
130 MAPLE Ln East Palo Alto, CA 94303
Price: $549,000

Beds: 4
Baths: 2.5
Sq. Ft.: 2,150
$/Sq. Ft.: $255
Lot Size: 2,422 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 2
View: Neighborhood
Year Built: 2006
Community: East of U.S. 101
County: San Mateo
MLS#: 80923674
Source: MLSListings
Status: Pending Without Release
On Redfin: 66 days
Top-of-the-line, luxury home built in 2006,just minutes to the heart of Palo Alto! Upscale living room w/ cathedral ceilings & gas log fireplace. High ceilings throughout. Expansive gourmet kitchen w/ cherry wood floors, granite slab, island, exquisite cabinets & stainless appliances. Great investment or enjoy a quality home close to Palo Alto!

Thanks to Burbed reader Herve for this find.

The fact that there’s a Jaguar in this picture is telling. It says: “Buy this house, with the ridiculously tall front door arch, so you too can be the owner of a Jaguar.”

Or perhaps it says: “Come home to 130 Maple Lane in East Palo Alto – you’ve made it. You’re a successful executive, driving a luxury car from a company that also makes the cheapest car in the world.”

You’ll come home each day… race up (and up and up and up) those steps, to burst onto the balcony and enjoy a relaxing mai tai, as you stare at the sun setting over the mountains, and looking down at your Jaguar – wondering if it is leaking oil again – and embracing your success.

I don’t know about you, but I’m sold!

You know what we haven’t seen on Burbed in a while? 2239 Poplar!

First, let’s go back to February 21, 2006 and see the first showing on Burbed:

Then it showed up on Burbed (8/21) because the price had been hiked. This is what it looked like:

The house then went for some remodelling and looked like this as of October 2, 2006:

Well… after doing some research, it looks like this house can still be yours! Now for a new price of just $399,000!

2239 POPLAR AVE, East Palo Alto, CA – #80781877 – House for sale
2239 POPLAR Avenue East Palo Alto, CA
$399,000

East Palo Alto Area House, SAN MATEO COUNTY County, 94303
$1,793 per month Return to Map
Active
Beds: 2
Baths: 1
SQFT: 1010
Built: 1947
Days: 213
1142155_0
2 More Photos
Agent’s Description

OWNER WILL CONSIDER SOME FINANCING!! MAKE US AN OFFER! Delightful one level home ready to move into. Freshly painted and carpeted (Feb. 08). Roof and heater installed within the past 3 years. Double paned windows. Fireplace in living room. One car garage. Great yard. Bath remodeled within past 3 years too. All appliances stay! Great House!”NOT A SHORT SALE!!

A lot has changed these last few years, but one thing stays the same – 2239 Poplar Ave is waiting for you! Buy it today!

2432 FORDHAM St East Palo Alto, CA 94303

Price: $429,900
Beds:     3
Baths:     2
Sq. Ft.:     1,650
$/Sq. Ft.:     $261
Lot Size:     5,000 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#:     80812212
Source:     MLSListings
Status:     Active
On Redfin:     148 days
Unsold in 90+ days
Big house for two families!!!

The world knows that the Bay Area is famous for its entrepreneurial, can do spirit. And this house is the pinacle of this attitude. With a whopping 1,650 square feet, 3 bedrooms, 2 bathrooms, this house can be a big house… for two families.

Just think of the awesome potential cash flow! You’d practically be living in this house for free – albeit with another family.

Hey future landlord… think you can beat having 14 people in a house? Come on! Go for it! I know you can do it!

1719 Tulane Ave, East Palo Alto, CA 94303 East of U.S. 101 MLS# 80837088 – Property Details
1719 Tulane Ave, East Palo Alto, CA

94303
$264,900

* Status: Active
* Bedroom: 3
* Bathroom: 1
* Year Built: 1953
* Lot Size: 5650
* Square Footage: 1010
* List Date: 9/30/2008
* Garage Spaces: 2

Nice and spacious 3 bedroom, 1 bathroom home, garage converted to 1 bedroom and 1 bathroom without permits. Kitchen, bathroom and floors have newer tiles. Large yard with friut trees. Magnificent view of the san Francisco bay and the bay bridge.

Burbed reader Mia submitted this house just in time for Halloween. In particular, she wanted to point out this amazing feature:

Here’s what she had to say:

I forget…. is EPA part of the RBA, or not?
In any case, I found this listing for you in EPA, complete with a “mystery shed” in the backyard.  Just in time for Halloween…ooooooh, spooky!

Well, let’s be clear. EPA is not part of the RBA right now, especially with this house. $264,900? Come on. You can’t call yourself RBA with a $262 per square foot price. Especially since there are views of the Bay Bridge (as claimed) and a view of the Dumbo (supririsingly not mentioned) and an extra 1br/1ba in the garage.

That said… guess what? This house has already made the owner money. Let’s look at Zillow:

ZESTIMATE®: $440,500
Sold 07/08/2008:
$232,000

That’s right… 14% appreciation since July. BOOYAH baby. Keep up with this, and you’ll be back in RBA in no time EPA.

1 year ago today…

“1950 McNair Street, Near Palo Alto” [Burbed.com]

Last year, the joke was “Where is this actually?”

Well, this year the joke is on you. Let’s look at Zillow to see why:

That’s right. Even if you had paid the full price for this house, you’d be in the money today. Instead, you allowed this person to have $87,000 in instant equity. Sucks for you! How much do you regret your inaction? Oh, you regret it $87k!

It just goes to show that even homes which are “Near Palo Alto” benefit from the Palo Alto boost.

BTW, where is this home anyway?

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?

1926 PULGAS AV
East Palo Alto, CA, 94303         offered at $299,000

Bedrooms: 2         Bathrooms: 1 Full
Apprx. Sq. Feet: 1190         Year Built: 1950
Request More Info  Schedule A Showing

Cozy home-Updated kitchen with tile floors,dining/living room combo. One full bath,one car garage converted to bonus room. Fully fenced w/one car carport, driveway for two vehicles. Newer iron fence, lush landscaping w/automatic sprinkler system.

Alright, this is the last East Palo Alto home I’ll feature this week – I promise.

Now, there’s a lot to talk about for this home – after all, it has a newer iron fence, lush landscaping, and a garage converted into a bonus room.

But what strikes me the most is the photo of the house. It’s so unique. So avant garde. So photojournalistic. So raw. So gritty.

So it’s time to put on your thinking caps. Can you come up with a good back story about how this photo was taken, or why this photo is the way it is?

To quote a recent realtor: BE CREATIVE!

427 Larkspur Dr, East Palo Alto 94303 (East of U.S. 101)
$279,500

* Status: Active
* Bedroom: 3
* Bathroom: 1
* Year Built: 1954
* Lot Size: 5100
* Square Footage: 1020
* List Date: 3/19/2008
* Garage Spaces: 2
* MLS#: 785751

Can you get to Home Depot in your sleep? This cute but tired 50′s era rancher will really pay off for the diligent investor or first time home owner willing to put in the work. Decent size lot with lots of off street parking and still plenty of room left over for a front lawn. Tankless water heater = energy efficiency positive! Offered “as is”. BE CREATIVE, MAKE OFFERS!!!

Wow… the steals in East Palo Alto keep rolling in! When they talk about EPA having a high crime rate, what they’re talking about is how houses are going for a steal!

This house comes with a tankless water heater. Amazing. And, since it’s conveniently located within walking distance to Home Depot, you can easily furnish the rest of this house with pipes, walls, and more.

Most notable is the challenge the Realtor is presenting you: “BE CREATIVE, MAKE OFFERS!!!”.

Clearly, just offering a high price won’t help – might I recommend offering to sign a contract promising to feed the squirrels, or choosing one of the many other helpful tips I offer here to help buyers stand out?

Come on – you live in Silicon Valley. You can think of something innovative to do here!