May 7, 2013

Redwood City Report: Bubble ain’t happening here

Let’s return again to our roots and feature one of the homes that Burbed was best known for. Have a look at this spacious place while we take a good look at some prices.

130507-alden-redfin418 ALDEN St
Redwood City, CA 94063
$390,000

1 Beds
1 Baths
640 Sq. Ft.
$609 / Sq. Ft.
Built: 1925
Lot Size: 5,000 Sq. Ft.
On Redfin: 18 days
Property Type: Detached Single Family
View: Neighborhood
County: San Mateo
Stories: 2
Community: Lenolt
MLS#: 81312880

NEW KITCHEN WITH GRANITE COUNTER TOP, NEW WINDOWS, NEW BATHROOM. CONVENIENTLY LOCATED CLOSE TO SHOPPING, FREEWAY AND TRANSPORTATION.

For $390K, you’re only going to get one GRANITE COUNTER TOP and one NEW BATHROOM and zero photos of either. But that’s not the only reason we’re featuring this delightful dwelling.  Have a look at the listing from the last time it went on the market, as a short sale.

130507-alden-redfin-old418 ALDEN St
Redwood City, CA 94063
Sold for $239,000

1 Beds
1 Baths
640 Sq. Ft.
$373 / Sq. Ft.
Built: 1925
Lot Size: 5,000 Sq. Ft.
Sold On: Jun 10, 2011
Property Type: Detached Single Family
Community: Lenolt
MLS#: 81053292
Stories: 2
County: San Mateo

SHORT SALE. SALES PRICE AND COMMISSION SUBJECT TO LENDER’S APPROVAL.

130507-alden-graphJust because the price went up 63 percent due to a GRANITE COUNTER TOP doesn’t mean we’re in a bubble. 

Why, just take a look at the price history for this palace.  We have a lovely little line graph for you as well as the screenshot from Redfin.

Obviously there’s no Bubble 4.0 in this part of Redwood City, because it was completely derailed after 2006. All the dots on the graph are sales except for the last one on the right, that’s the current asking price.

130507-alden-history

Do you have any doubt where this investment is heading? In case you don’t, the house itself has the answer for you.

130507-alden-arrow

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






April 20, 2013

Real Realty in Redwood City! Really!

BlogAtoZ-RWe Resume our Regularly scheduled Blogging from A to Z Challenge today, which is Retailed to you by the letter R.  Really. Read on and Reason why Redwood City (climate best by government test) should be Respected. While this Redoubt may not be Real Bay Area, Recent Realty values have Reformed. 

And that’s a fancy of way of saying, “Buy now or be priced out forever.”  Yeah, we Repeat that one.

130419-cleveland-redfin874 CLEVELAND St
Redwood City, CA 94061
$499,000

3 Beds
2 Baths
1,469 Sq. Ft.
$340 / Sq. Ft.
Built: 1920
Lot Size: 3,570 Sq. Ft.
On Redfin: 32 days
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Cottage/Bungalow
Community: Central Park
MLS#: 81308678

Two homes on one lot. First house is 2 bedrooms and back house is 1 bedroom. Fixer opportunity. Tenant 1 is paying 900 a month and tenant 2 is 750. Both month to month. Purchase subject to inspection.

130419-cleveland-askew130419-cleveland-more
130419-cleveland-aerialLook at that. A two for one special! And even better, this Real estate is Redolent with Renters! Buy now and you’ll be Realty Royalty! 

Also, you maybe be getting “bunus” buildings with this one, because the lot looks like there’s more than two buildings Residing.

Our Response? Refi. Rinse. Repeat.

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

March 6, 2013

Bay Area Bubble 4.0: The Old is New Again

We’re covering the housing bubble 24/7 now that everyone’s paying attention to real estate again.  Today we have a lovely home in Redwood City that you may have seen before.  Take another look, while you still can!  Thanks very much to Burbed reader Petsmart Groomer for an excellent surveillance operation.

130305-esther-redfin715 ESTHER Ln
Redwood City, CA 94062
$450,000

2 Beds
1 Baths
750 Sq. Ft.
$600 / Sq. Ft.
Built: 1929
Lot Size: 4,790 Sq. Ft.
On Redfin: 33 days
Property Type: Detached Single Family
Stories: 1
Community: Cordilleras Heights
MLS#: 81303054

Beautiful view of bay and city lights. Additional 6900sqft lot to be sold with the property. The additional 6900 sq ft parcel of land CANNOT be developed upon per city and county building department. Building square footage 1130sf on public profile is incorrect, actual living area is about 750sf, Fixer-upper Sold "As Is" may not qualify for FHA.

This house’s list of tag may be bigger than it is.  Not only that, it has a history!

130305-esther-reprise-120620

Here’s something it didn’t have last year (besides an extra hundred thou of instant equity you get now!): Redfin Agent Insights!

130305-esther-redfin-agent

“Dead End,” “Completely gutted” and “Killer Views,” three phrases that don’t go well together after watching certain movies.  How about Zero Dark Thirty?

Comments (9) -- Posted by: madhaus @ 5:09 am

February 26, 2013

UPDATED: AOL tries being Burbed for a day: Let your imagination run wild

130225-aol-wg-front

Updated 11:30 AMSecond house found; see end for details and plenty of pix!

AOL has been doing a real estate area for a while, including a series of videos and articles beyond the listings and search tools. Someone over there must have been reading us, because they did a piece discovering that (gasp!) there are very expensive yet definitely crappy houses for sale in the Real Bay Area.  Worse, they had the gall to call this an “AOL original.”

Have they been living under a rock? This has been our signature claim for more than seven years! Let’s listen in as self-important talking heads who don’t bother introducing themselves tell us what we already know.  (Warning: dude with beard is extra smug.)

 

M’kay.  There’s some really useless accompanying text, so our mission is to do a slightly better job.  Remember, it’s fairly easy to succeed when you set your standards this low.

Decrepit Homes in San Francisco Bay Area Fetch Top Dollar for Mountain Views

130225-aol-rwcBy AOL Real Estate Editors | Posted Feb 21st 2013 5:14PM

A sorry-looking shack, with deep cracks in the cinder-block walls and busted windows, that looks like it’s ready to collapse: You wouldn’t pay a dime for that, would you? OK, say it’s nestled in the gorgeous hilltops of the San Francisco Peninsula with no shortage of pristine mountain views. Now how much would you pay? More than $1 million? Well, that’s how much it’s going for.

130225-aol-wgWe’ve probably violated Fair Use by quoting an entire graf, because there’s only one more.  There’s also only two homes in the video, and only the more than $1 million OMFG Emerald Hills (Redwood City) place (shown above in a clip from the video) has mountain views.  The other (at left, also clipped from the video) is in Willow Glen, and didn’t seem to have any views beyond the neighborhood street.

We were able to find the place in Emerald Lake in about 3 minutes, and it definitely could use a big ol’ Burbed sloppy kiss, Of course it’s already pending.  This is the Real Bay Area we’re talking about!

130225-lakeview-redfin209 LAKEVIEW Way
Redwood City, CA 94062
$1,275,000

3 Beds
2 Baths
1,490 Sq. Ft.
$856 / Sq. Ft.
Built: 1948
Lot Size: 0.38 Acres
On Redfin: 207 days
Property Type: Detached Single Family
View: Mountains
County: San Mateo
Stories: 1
Community: Cordilleras Heights
MLS#: 81228879

Incredible opportunity in Emerald Hills. Originally three lots under two APN#’s (APN #057-031-480 and APN #057-031-049) which have been combined into one lot at approximately 25,150 SF. The value is in the land and the views of the surrounding hills with easy access to 280. Walk the site and let your imagination run wild. Dream big and build new or renovate. Plans are available for viewing.

130225-aol-wg-kitchenWe didn’t have the same success in finding the Willow Glen weedery.  This one is similar to it (Craftsman style bungalow, over 12,000 square foot lot, to be sold as-is) but we don’t think it’s the right house.  Can any enterprising Burbed readers find the house in the video? 

Update: House in video found by Burbed reader Chris. See end of this article for details and photos. We’ll also throw in a break as this is starting to get long, so click on through!

(more…)

Comments (10) -- Posted by: madhaus @ 5:01 am

October 18, 2012

First time on the market in 40+ yrs

Want to live on the Peninsula but don’t have a million dollars?  Have we got a house for you!  Not just a lower price, but a unique opportunity on a regal rarely-seen ranch, now on the front page of Burbed!  And of course it’s in Redwood City!

121017-lyons-redfin1146 LYONS St
Redwood City, CA 94061
$649,950

3 Beds
2 Baths
1,380 Sq. Ft.
$471 / Sq. Ft.
Built: 1953
Lot Size: 6,160 Sq. Ft.
On Redfin: 10 days
Property Type: Detached Single Family
View: Neighborhood
County: San Mateo
Stories: 1
Community: Central Park
MLS#: 81236863

First time on the market in 40+ yrs. 3 bdr, 2 ba. Kitchen and bathrooms updated in 2004. Bonus room off the garage is perfect for a tv room, exercise rm or home office space. Backyard swimming pool and covered patio enhance outdoor entertaining. Garage is finished w/ panneling and vinyl flooring and versatile for 2 cars parked inside or use as a big game room. Laundry room in garage.

121017-lyons-paneling-vinylThey don’t build them like they used to! No wonder Sothebys International is representing this primo property.  This house must have been masterly staged, or maybe it’s sitting on a 14 karat gold foundation.

Not every garage is finished w/ panneling and vinyl flooring! So versatile! Park 2 cars inside or use as a big game room.

Although if 121017-lyons-treestandyou want to use the garage as a big game room, wouldn’t you need a place to mount the shotgun racks as well as a ground-based hunting blind?  Sheesh, at least you’d want a Tree Stand?  Just be sure none of this gets in the way of the laundry room.

Plus the Redfin agent has some food for thought:

121017-lyons-redfin-agent

Interesting Eichler house but needs significant amount of work. Interior is a bit dark and bedrooms are on the smaller side. There is a bonus room with a fire pitoff the garage – permits should be verified.

Why verify permits? If there’s a fire pitoff the garage, some accidents were meant to happen on purpose.

Comments (12) -- Posted by: madhaus @ 5:09 am

August 3, 2012

Palomar Park for a Hundred Big Ones!

Who says they aren’t making any more land?  Not true!  Here’s some sitting around doing nothing except waiting for you!  Thanks very much to Burbed reader Mole Man for this remarkable realty in Redwood City!

0 Palomar Dr
Redwood City, CA 94062
$100,000

120802-palomar-redfin

120802-palomar-treesBEDS:  -
BATHS:  -
SQ. FT.:  -
LOT SIZE:  0.37 Acres
PROPERTY TYPE: Residential Land (Single Family)
VIEW: Neighborhood
COMMUNITY:  Clifford Heights
COUNTY:  San Mateo
MLS#:  81050958
SOURCE:  MLSListings
STATUS: Active
ON REDFIN:  652 days

Also includes APN 051-031-560. Accessible yet private tree studded 1/3+acre lot in Palomar Park. Located between 410 & 422 Palomar Dr. , lot offers 100’ frontage. Rear property line borders San Carlos. Owner will consider carrying financing to qualified buyer. Easement, Topography map, sewer study available in listing office. Email listing agent for detailed information & reports.

Mole Man says, “Check it out: a 1/3 acre slice of super-exclusive Palomar Park can be yours for $100k (house extra).”  That’s a nice big chunk of land to build your dream house.  That is, it would be if it weren’t for this tiny little thing we found on the assessor maps.

120802-palomar-assessor-map

120802-palomar-driveNow we wonder what those little dashed lines marked “EASE” could refer to?  Could it be the ease with which you’ll be able to build on this double lot?  Or did the surveyor think the land was so beautiful that an artist ought to set up with paints and an easel here?

Or it’s just a big arrow pointing to lot number 9, which is EAST of 10 and 11.  You know what terrible handwriting those surveyors have.

We doubt there will be any trouble getting permits to build here at all.  How could there be, when the seller is a licensed real estate agent?  With loads of experience.  Just look at how many different listings there have been for practice?

120802-palomar-listing-history

Now is the time to buy, because this one has to be right!

Comments (9) -- Posted by: madhaus @ 5:10 am

June 20, 2012

Abbottabad or Redwood City?

715 ESTHER Ln
Redwood City, CA 94062

$520,000

1350853a

Having owned Burbed for so long, I sometimes feel like I’ve seen everything. This house proves that’s not the case.

WTF is this? A squared off house that looks like it’s from a lego set?

But wait, it gets better… let’s look at the other photo!

1350853b

Doesn’t this remind you of a certain house in Abbottabad?

What’s going on in this house? What’s up with that door that leads straight into a fenced yard? What’s in the shed? WHO is in the shed?

Too many questions. Not enough answers. Or maybe we’re all better off not knowing the answers…

Comments (16) -- Posted by: burbed @ 5:22 am

March 27, 2012

Who wants “mrtgage relief”?

1650 ROOSEVELT Ave
Redwood City, CA 94061


BEDS: 4
BATHS: 2
SQ. FT.: 900
$/SQ. FT.: $667
LOT SIZE: 3,200 Sq. Ft.
STORIES: 2
VIEW: Neighborhood
YEAR BUILT: 1959
COMMUNITY: Central Park
COUNTY: San Mateo
MLS#: 81202135
SOURCE: MLSListings
STATUS: Active
ON REDFIN: 66 days
Great Starter Investment! Or live in one unit and rent out other for mrtgage relief. Good West Side Location! Close to schools – shopping – transportation – and Recreation Center!

If that black SUV drove forward another foot, comic hijinx would ensue.

Personally, I love the idea that you can rent out the other for “mrtgage relief”. Doesn’t this mean that each of the units is only really 450 sqft? So you have a choice: “mrtgage relief” or actually having space to yourself. Fun choices!

I’m surprised the carport spots aren’t enclosed. That could provide additional relief!

But let’s face it, real relief is spelled “R-e-a-l B-a-y A-r-e-a”

Comments (8) -- Posted by: burbed @ 5:59 am

February 16, 2012

Totally gutted in Redwood City–UPDATED!

Here’s a stupendous short sale, with a DHO count of 2, count ‘em, 2!  Check out the DHO tag for more listing and Streetview photos featuring one or more Dudes Hanging Out.

Many thanks to Burbed reader Upwardly Noble for these luscious listing photos.

235 D St
Redwood City, CA 94063
$615,000

120215-235D-redfin[4]

BEDS: 3
BATHS: 2
SQ. FT.: 1,580
$/SQ. FT.: $389
LOT SIZE: 4,850 Sq. Ft.
PROPERTY TYPE: Attached Single Family
STYLE: Traditional, Contemporary
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1941
COMMUNITY: Lenolt
COUNTY: San Mateo
MLS#: 81142784
SOURCE: MLSListings
STATUS: Pending Without Release
ON REDFIN: 131 days

Absolutely gorgeous 3 bed, 2 full bath, 1580 sq ft living area, single story residence in a desirable area of Redwood City. 5 minutes to/from the freeway. Carpeted living room , family room, all bedrooms, and hallway, Roof 5 years old, House was gutted in 2009, by a professional contractor, updated to todays standards, and remodeled with all required permits. Dual Pane Energy saving Windows.

120215-235D-fridgeHere’s why Upwardly Noble sent in this house:

If this doesn’t sell it, I don’t know what will.  Gotta love the youthful exuberance of a short sale in this listing’s photos.  Not sure if the children were placed in the photos to inspire pity, excitement, or what, but I like their moxie.

Looks like they’re trying everything they can to sell this house, including listing it on different services.  On BAREIS, it’s been sitting unloved for 175 days (and very much still for sale).  Head over to MetroList, and you can only look at the driveway and the street.  Those are pictures #2-5 on MLSListings, the Redfin link up top.  And that’s also where you’ll find four, count ‘em, four different DHO photos!  BAREIS just had one, and MetroList, zilch!

120215-235D-fridge2120215-235D-dresser[4]

120215-235D-sinkFinally, here’s a shot only on BAREIS, which just barely squeaks this place into a Burbed Good Housekeeping award and tag.  Nice job keeping the pet bowls where we can see them, but next time, please include the kids WITH the dog.

A black dishwasher with white cabinetry.  Daring!  Now that’s “todays standards.”  Or on BAREIS, “todays colors.”  Yes, on the other two listings; the copy is different, as is the size of the lot.  Whoops!

BAREIS:

Back on the market, large spacious 3 bedroom, 2 full bath, 1580 sq foot home located in central area of Redwood City, Totally gutted, and redesigned in 2009. All modern appliances, todays colors, and heavy duty carpeting. Dual Pane windows, wood buring fireplace, Crown Molding through out the home. Refrigerator to stay, Corian Tile Kitchen Counters, and ceiling fans through out the house. 1 car attached garage, with electric garage door opener.

MetroList:

BANK APPROVED SHORT SALE Lovely 3 bedroom 2 bath single level 1580 sq ft home in Redwood City. 5 minutes to freeway. 30 minutes from SF. Much sought after area of Redwood City. Quiet community. Totally updated and renovated, New Exterior, new interior paint. Original hardwood flooring in Living Room. Large spacious kitchen with decent size eating area. Carpet in Family Room. Wood burning fireplace in living room. Active Short Sale.

120215-235D-yardThese different agencies are supposed to cover different regions.  MLSListings covers San Francisco and south to Monterey, including Burbed’s frequent targets of Santa Clara and San Mateo Counties; BAREIS is North Counties (Marin, Napa, Sonoma, Solano, Lake and Mendocino Counties); and MetroList is Sacramento/Central Valley.  You may have heard of one more, EBRD, which is for Alameda and Contra Costa Counties.

This artistic photo at right is from the BAREIS listing.  From the different photo 120216-235D-extra-kidssets and listing copy for the same house, we can only conclude that the agent deliberately listed this house on three different services, trying to see which approach would get the bank to eat the short sale first.

Update 10:50 AM: Just found this “bunus” extra shot on Zillow adding to the Xtreme DHO awesomeness!  Can you find yet more pictures of this house or these kids on some other listing sites?

 

Comments (16) -- Posted by: madhaus @ 5:06 am

February 11, 2012

Happy Birthday to Us!

Did you know that Burbed turned six last week?  Our very first post was on February 4th, 2006.  Here’s a peek:

120208-burbed-060204

What’s really great about the very first house on Burbed is it’s a castle on Buckingham Avenue!  That’s like finding a ski chalet on Zermatt Street, or a tilt-up industrial building on Technology Drive!

If you look up the listing history on Redfin, we can see just how good a job the agent did with that $555K asking price.

120208-buckingham-listing-history

What do you think this house would sell for in today’s fever-pitched market?  Close to Facebook… I would say $888K FTW!

120208-buckingham-streetview

Any suggestions for celebrating six years of Burbed content?  This is an open thread.

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