November 5, 2010

1/4 the price, but is it worth it?

$819,888

801 INTREPID Ln Redwood Shores, CA 94065

image

Beds: 3
Baths: 3
Sq. Ft.: 1,800
$/Sq. Ft.: $455
Lot Size: -
Property Type: Townhouse
Style: Contemporary
Stories: 1-3 (Low Rise)
View: Mountains, Lake
Year Built: 1989
Community: Lighthouse Cove
County: San Mateo
MLS#: 81047063
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 40 days
Regatta’s Halcyon plan on the wide water! Views from most rooms with westerly exposure ensconced. You’ll love the 18′ ceilings, imported glass block detailing, upgraded carpets, skylights and much more. You’ll luxuriate in the new master bathroom with new marble shower surround w/ seamless glass shower, new soothing tub and marble counters! Don’t miss the pool and spa.
Thanks to Burbed reader Bob for this find!
 
Here’s what Bob had to say!
 

Here’s my recommendations. I know people have given me hell over making comparisons, but I think its always interesting to see what "the rest of the country" is like in regards to housing costs.Here goes nothing.
So here’s a comparison:
The first is a 3 bedroom, 3 bath 1,800 sq foot home in Redwood city. Its referred to in the listing as a "co-op". It can be yours for $819,000

Done. That’s above.

Next?

As its comparison, here is a 4 bedroom, 3 bath house outside of Nashville TN.
It is about the same size- 1,844 sq feet and was built in 1930. The house has been fully renovated. Total cost? $219,000, or about 4 times less than the Redwood city house. Again- this is a comparison.

Well, let’s take a look:

image

Now, on face value this might seem ridiculous – after all, the Redwood Shores one is 4x as much and is likely to fall into the Bay when the Big One hits.

But that’s face value – let’s talk about FaceTime and FaceBook! Do they have Apple or social networking startups in Nashville? Nope. How are you going to make your millions there? Do they have a 2010 World Series Champion there? Probably not. Do they have the Bay Area’s best schools? Of course not!

Sorry Bob. Sure this might be 1/4 the price, but I can’t even think of 1/4 the reason why anyone would want to move to Nashville. And I haven’t even brought up the sushi argument yet…

Comments (42) -- Posted by: burbed @ 5:54 am






November 1, 2010

TONS of UPSIDE Potential!!!

burbed reader sonarrat has yet another find in Redwood City.  And unlike Jerry Garcia’s place, this is a much more convenient drive to Google.

115 G St  Redwood City, CA 94063
$549,000

image

Beds: 3
Baths: 1
Sq. Ft.: 970
$/Sq. Ft.: $566
Lot Size: 5,565 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 1
View: Neighborhood
Year Built: 1950
Community: Lenolt
County: San Mateo
MLS#: 81007842
Source: MLSListings
Status: Pending With Release

Nice quiet location in charming neighborhood. Seperate Dining Room. Spacious kitchen. Large Backyard, great school District. TONS of UPSIDE Potential!! Needs work but worth it!!

imageNeeds work?  How can a find like this need work?  It’s so ready to sell the mantle is jumping for joy,

Check out the price history of this home!  It’s such a hot property that they had to raise the asking price by a full $100K in just six months!  Not many properties in 94063 can pull that off. Clearly, this one is Special.

And don’t worry about the sellers withholding too much of your equity.  They owe $580K on this place per Redfin.  We won’t work out how that happened when the house cost them $207K in 1997. 

Surely whoever buys this find won’t make that mistake again.  Although the house has been delisted since August, it sure seems to be taking its time closing.  Maybe you could find out the problem and snatch it away from those dilly-dalliers.  Now that’s upside potential.

Comments (8) -- Posted by: madhaus @ 5:02 am

October 31, 2010

The Most Expensive Zip Codes – The Series You Hate, The Cities You Loathe

Welcome to Part 5 of the least popular series ever on burbed, ever.  You’re welcome.  Forbes thanks you too, since we’re making fun of their mistakes when they wrote an article on the 500 most expensive zips, and hired Altos Research to do their data crunching.

Here are the first four parts for you masochists who can’t get enough numbers, maps, and boring fascinating statistics.

Today we’re going to cover the zips ranked 151-200.  But to reduce the complaining just a tiny bit, we’ll leave out anywhere that isn’t within reasonable commuting distance to the Googleplex.  Actually if I left out everywhere more than 10 miles from Google we’d only have four cities today, which might not be such a bad thing.

image #151 – 94306 Palo Alto

Median Home Price: $1,270,424
Median Price Change: 4%
Average Days On Market: 67
Inventory: 69 properties
Median Household Income: $82,314

At least this time we’re going to start much closer to where the jobs are.  This is a very important zip code.  If you remember this article, 94306 is the only zip code that’s left in the Real Bay Area (RBA) anymore, if you define RBA as the place where prices don’t go down.  So despite being the #2 zip in Palo Alto (94301 came in at #73 on the list), it’s #1 in the RBA.  It’s also last in the RBA, because none of the other zips qualified at all.

The real reason 94306 went up while prices everywhere else collapsed is because it’s the cheap section of Palo Alto.  This area, formerly the city of Mayfield, featured small homes on small lots which people now tear down and put in oversized mini-mansions that loom over the remaining bungalows.  Unfortunately, real estate statistics are oblivious to such trends, such as someone paying money to remodel or replace a house.  Instead you see crazy price increases and think the neighborhood is red-hot rather than full of sawdust and paint fumes.  If the sale price stats subtracted out the money paid for construction, there’s a good chance 94306 would have dropped as much or even more than the other zips around it.

#160 – 94549 Lafayette

Median Home Price: $1,225,110
Median Price Change: -4%
Average Days On Market: 88
Inventory: 126 properties
Median Household Income: $101,555
Ignored Because: In the East Bay

#170 – 94941 Mill Valley

Median Home Price: $1,185,211
Median Price Change: NA
Average Days On Market: 106
Inventory: 197 properties
Median Household Income: $91,283
Ignored Because:  Model for Hill Valley in Back to the Future

#171 – 94563 Orinda

Median Home Price: $1,184,089
Median Price Change: -5%
Average Days On Market: 101
Inventory: 101 properties
Median Household Income: $119,832
Ignored Because: In East Bay, even closer to Oakland than Lafayette

image #173 – 94303 Palo Alto

Median Home Price: $1,175,241
Median Price Change: -5%
Average Days On Market: 59
Inventory: 34 properties
Median Household Income: $64,256

It’s a pretty safe bet that the median home price hasn’t been contaminated by East Palo Alto (which shares this zip code), but take a look at that median household income.  It’s about $20,000 less than 94306, which has a fairly similar set of residents (in the Palo Alto part of the zip, anyway).

While the zip shares with the Oaklandesque East Palo Alto (hey, at least it brought you IKEA), it also has some nice areas in midtown as well as the West Marine on San Antonio Road.  (Remember, yachties spend like drunken sailors because they are drunken sailors.)

Since 94303 has just everything in the whole city that hugs US 101, that isn’t helping matters.  Some of the lower-cost Eichlers in South Palo Alto that get torn down and replaced by monster houses are in 94303, too.  Hope they put in triple-pane windows like they did at Gables End.

#175 – 94965 Sausalito

Median Home Price: $1,173,479
Median Price Change: -11%
Average Days On Market: 149
Inventory: 84 properties
Median Household Income: $76,808
Ignored Because: Has stupid song written about it

#179 – 94705 Berkeley

Median Home Price: $1,152,174
Median Price Change: -1%
Average Days On Market: 70
Inventory: 30 properties
Median Household Income: $68,112
Ignored Because: Shares zip code with Oakland, lousy state-funded college

image #184 – 94025 Menlo Park

Median Home Price: $1,134,946
Median Price Change: -9%
Average Days On Market: 88
Inventory: 179 properties
Median Household Income: $89,572

When you realize that this zip stretches from the foothills near I-280 all the way to the slums of Belle Haven, that median home price is rather impressive.  Not every city the size of Menlo Park has to make due with a single zip code.  Palo Alto has four distinct zips, and Redwood City has five.

And while a ranking of 184th most expensive zip code in the country is clearly not good enough for the RBA, perhaps Menlo Park could petition the
postal service to split the city into East and West postal zones, in hope of the western half aspiring to the RBA.

Nah, prices down 9%.  Forget it.

image #185 – 94062 Redwood City

Median Home Price: $1,133,462
Median Price Change: -5%
Average Days On Market: 97
Inventory: 111 properties
Median Household Income: $96,677

Ha ha!  What was I just talking about above?  Redwood City is nowhere as high on the snootiness index as Menlo Park, and yet by having several zip codes, they managed to get one of them to qualify for the Forbes list.  And this is the one zip that shares with Woodside, which is quite a bit higher in the rankings (#41). 

Oh, speaking of Woodside, you’ll never guess what Forbes says their median household income is.  That’s right. $96,677.  Nice going, Forbes.  That means the Woodside median should be higher and the Redwood city number lower, but you managed to miss yet another muck-up.

This part of Redwood City includes the Emerald Lake Hills area, which is a delightful mix of new construction and bizarre old places featuring old cars in the front yard.  You know how some places in Atherton look like Greenwich, Connecticut?  Well, Emerald Lake Hills looks like Appalachia where half the residents won the lottery.

#193 – 94515 Calistoga

Median Home Price: $1,102,625
Median Price Change: -17%
Average Days On Market: 140
Inventory: 67 properties
Median Household Income: $44,320
Why Ignored: Can’t take place named after bubble water seriously

#194 – 94610 Piedmont

Median Home Price: $1,094,846
Median Price Change: -51%
Average Days On Market: 64
Inventory: 7 properties
Median Household Income: $49,066
Why Ignored: Not only down 51%, but completely surrounded by Oakland.  Completely.  Rival zip 94611 is #74 on list.  I also call BS on Forbes for that median household income.  It’s probably mixed up with the part of OAKLAND this zip shares with.  Oakland, it’s full of Oakland.

image #199 – 95032 Los Gatos

Median Home Price: $1,079,587
Median Price Change: -1%
Average Days On Market: 111
Inventory: 183 properties
Median Household Income: $93,118

It’s the home of Netflix!  Woo-hoo!

The second-best zip in Los Gatos (95030 came in at #38), this zip features delightful estates in the foothills and higher, as well as ho-hum tract houses in the flats near freeways.

Now, take a look at that median home price, above.  It’s barely over a million smackeroos, and we’ve almost hit the 200 mark.  That means the next installment (if there is one) will feature houses in “expensive zip codes” that are under a million dollars dollars for a median price.

Think about that for a moment.  Where we live is so Special that we think of houses under a million dollars as not particularly worth commenting on.  At least most of the zips we’ve shown so far are above the average price for a house in this area.  But as we work our way down that list of 500 zips, we’re going to start to see some very ordinary places that are still more expensive than 44,000 other zip codes in the entire country.

Coming Soon: burbed guest editor forcibly retired for not stopping worst series ever, assailed by mob with pitchforks and torches.  Plus, Part 716 of Bing Maps Galore!

Comments (6) -- Posted by: madhaus @ 5:01 am

October 12, 2010

Trampoline, Treadmill, Bowflex… in the Rough

Tired of high-end properties in pretentious zip codes?  Then you’ll love this find from burbed reader Herve, who must have been in the market for a new workout.

3719 Hoover St  Redwood City, CA 94063
$348,000

image

Beds: 3
Baths: 1
Sq. Ft.: 1,250
$/Sq. Ft.: $278
Lot Size: 6,480 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1947
Community: Dumbarton
County: San Mateo
MLS#: 81037257
Source: MLSListings
Status: Active
On Redfin: 60 days

Diamond in the rough. Hardwood floors. Separate Dining Room. Detached Garage/Carport at rear of property with ally access.

Is this a property listing, or a Craigslist ad?  Why not both?  If you want to buy the house, write up an offer stating the living room stays exactly as is.  These furnishings probably add 25% to what the place is actually worth.

image

Whether you’re moving in, or just picking up the exercise gear, you’re definitely going to need “ally access” in this hood.  I suggest you find out which gang is down with the Detached Garage/Carport.  It would be really embarrassing to show up flying the wrong colors.

Comments (19) -- Posted by: madhaus @ 5:01 am

October 6, 2010

Should Be Completed Mid/Late August, But Got Misplaced

Thanks to burbed reader sonarrat for finding another wonderful listing in Redwood City, the place with the most Silly Neighborhood Names.

58 Avondale Ave  Redwood City, CA 94062
$1,575,000

image 

Beds: 4
Baths: 3.5
Sq. Ft.: 2,712
$/Sq. Ft.: $581
Lot Size: 6,165 Sq. Ft.
Property Type: Detached Single Family
Style: Craftsman
Stories: 2
View: Neighborhood
Year Built: 2010
Community: High School Acres
County: San Mateo
MLS#: 81034788
Source: MLSListings
Status: Active
On Redfin: 73 days

PROPERTY UNDER CONSTRUCTION. VIEWED BY APPOINTMENT ONLY. SHOULD BE COMPLETED BY MID/LATE AUGUST

Has anyone driven by this property to see if it was COMPLETED BY MID/LATE AUGUST?  Wouldn’t you think if it was COMPLETED BY MID/LATE AUGUST the agent would update the listing?  For a lousy $1,575,000 property, I guess not.  Anyone connected to this two-story new construction interloper in a neighborhood of hundred-year-old cottages isn’t going to be given a warm welcome.

At least it’s on the Right Side of El Camino:

image

Wonder why the lot isn’t outlined?  Maybe the neighbors deliberately misplaced it, leaving it in the middle of the street to get run over.  It’s one of these two, either the one Google thinks it is (which has the tree conveniently obscuring the house requiring an artistic angle shot):

image

Or this sylvan paradise next door:

image

Property Shark is even more confused, with records for only 3 properties on the street, and needless to say, this isn’t one of them.  Better yet, the addresses don’t agree with Google’s, even with a direct search for the other house numbers.  Talk about an undisclosed address! 

So which lot is it?  If it’s the first one, you get to live next to the Haunted Forest.  Act now and you can move in right in time for Halloween!  Probably not the second one, with the driveway cut on the right while the construction photo shows a garage on the left.  Then again, the aerial view doesn’t show an actual house on that lot, which suggests it was time to throw a new one up.

But you never know!  Why not drive by and see if the place ever got finished?  Obviously the agent has much better things to do.

Comments (10) -- Posted by: madhaus @ 5:09 am

October 5, 2010

Less is More in Redwood City

A recent request for articles more “concise, succinct, to the point” is well-timed with this find from burbed reader Herve

3057 Hoover St  Redwood City, CA 94063
$350,000

image

Beds: 2
Baths: 1
Sq. Ft.: 1,100
$/Sq. Ft.: $318
Lot Size: 6,000 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1936
Community: Dumbarton 
County: San Mateo
MLS#: 81039719
Source: MLSListings
Status: Active
On Redfin: 45 days

Lovely 2 bedroom, 1 bath single family home with yard.

Yes, lovely.  Just what I was thinking.

image

Lovely tree in front, lovely fence compared to the neighbor’s, lovely detached garage, lovely location.

image

Lovely neighborhood with easy freeway access.  What is the deal with the neighbor to the north?

image

Location, location, location!  If anyone steals your hubcaps, or your catalytic converter, you can just leap the lovely fence and find a convenient replacement!

Comments (26) -- Posted by: madhaus @ 5:01 am

September 30, 2010

Redwood City to come back to Real Bay Area in 2011

1215 RUBY St Redwood City, CA 94061

$564,000

image

Beds: 2
Baths: 1
Sq. Ft.: 690
$/Sq. Ft.: $817
Lot Size: 2,604 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1955
Community: Central Park
County: San Mateo
MLS#: 81040194
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 24 days
Everything is spruced up and full of special touches in this charismatic home. Living room features ample windows and hardwood floors that open to the remodeled kitchen. Kitchen is accented w/ white cabinetry, marble countertops, viking range, dishwasher drawer and much more! Gardener’s paradise w/ colorful plantings & mature landscaping. Utility room off garage ideal for craft room/office.

Who doesn’t like an underdog? And when I think underdog, I think of Redwood City. Although it has climate best by government test, this city has had its ups and downs with its status of being in the Real Bay Area or not.

And now. This. $817 per square foot. $564k for 690 square feet. Wow. A strong showing for re-admittance into the Real Bay Area.

This could be the start of something big. I predict that 2011 will be the major year of the Redwood City come back. It’ll be the new “hot” destination. People will be telling their realtors “I want you to show me houses in Mountain View, Palo Alto, Cupertino, and Redwood City.”

You heard it here first everyone!

Comments (28) -- Posted by: burbed @ 5:23 am

September 21, 2010

Original DecoratedShow House with Taste of Elegance

Here’s another peek at what Redwood City has to offer in 2010: 2006 pricing!  Thanks to burbed reader sonarrat for all of these wonderful finds in that Special place with Climate Best by Government Test!

941 4th Ave  Redwood City, CA 94063
$629,950

image Beds: 2
Baths: 1.5
Sq. Ft.: 900
$/Sq. Ft.: $700
Lot Size: 6,000 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
View: Neighborhood
Year Built: 1937
Community: Dumbarton
County: San Mateo
MLS#: 81030485
Source: MLSListings
Status:Active
On Redfin: 94 days

A 1937 Bungalow, an Original DecoratedShow House, updated with a taste of elegance, all new appliances in a Gourmet Designer Kitchen with Natural Caesar Stone Countertops. Original Parquet floors with feature strips. Dining Room with Coved Ceiling enhanced by indirect lighting. Updated Bathroom with all new fixtures. The latest energy saver Tankless Water Heater. 2 Car Garage, Carport & Workshop.

Small homes built in 1937 definitely had huge mouthfuls of elegance.  The economy was just booming then, so it was very important to impress all the neighbors!  Do you think those are original Natural Caesar Stone Countertops, too?  Maybe some crazy kazillionaire imported them direct from Rome! 

I just can’t wait to read those feature strips on the Original Parquet floors.  Maybe they’ll have some classic Krazy Kat or Little Orphan Annie for you to enjoy. If there’s Buck Rogers in the 25th Century I might buy this place myself just for that floor.  You’re going to need some kind of entertainment if you buy this place, because there certainly won’t be enough room in your budget for cable.

So what does it mean when this place features a 2 Car Garage, Carport & Workshop?  Sounds like there’s more square footage in the outbuildings than the house.

image Speaking of that taste of elegance, just what the heck is going on with this fireplace?  A shrine?  A giant mousehole to accommodate Rodents of Unusual Size?  A crater?  The Trompe-l’œil tunnel that the high-speed locomotive comes roaring out of to flatten poor Wile E. Coyote?

Check out the mini palm trees on the mantle.  They make the whole living room wall look like a pleasant tropical isle… that’s about to erupt and cover your Original Parquet floors with molten lava.  Feature strips included.

That wouldn’t be so bad, though.  You can sell this place to the next sucker homedebtor by touting the “Custom Obsidian floors” with “feature tips.”

You’re laughing, but when this place goes for $629,950,000,000 in the 25th Century because of the Original Parquet floors with feature strips, that seller will be laughing even harder. 

Comments (16) -- Posted by: madhaus @ 5:04 am

September 15, 2010

Pants on Fire in Cordilleras Heights

Redwood City Spectacular continues with another great find from Burbed reader sonarrat. Here’s a typical “A million dollars for THIS?” kind of house.  I mean, a million dollars is a lot of money.  For a million dollar property, the listing ought to be grammatically correct, relatively free of spelling errors, and use lower case letters as well as capitals.

778 Canyon Rd Redwood City, CA 94062
$1,049,900

image

Beds: 4
Baths: 2.5
Sq. Ft.: 1,310
$/Sq. Ft.: $801
Lot Size: 6,700 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 2
Year Built: 1948
Community: Cordilleras Heights
County: San Mateo
MLS#: 81039024
Source: MLSListings
Status: Active
On Redfin: 32 days

THIS HOME HAS 2,220 S. F. OF LIVING SPACE. IT IS 12 YEARS OLD ONLY, TOTALLY REBUILT IN 1998. FABULOUS EMERALD HILLS LOCATION!!! Desirable location. 4 bed, 2.5 baths. Kitchen has professional Vicking chef stove and Birch cabinets. Master suite has custom windows and stone fireplace. Seller is very motivated bring your offer.

So much for the request for lower case.  Can’t wait to see the Vicking chef stove!

Recently a new Burbed reader spoke out in favor of honest and experienced Realtors.  So is this listing honest? Let’s review, shall we?

Redfin Property Description Agent’s Listing Description
Sq. Ft: 1,310 THIS HOME HAS 2,220 S. F. OF LIVING SPACE.
Community: Cordilleras Heights FABULOUS EMERALD HILLS LOCATION!!!
Year Built: 1948 IT IS 12 YEARS OLD ONLY, TOTALLY REBUILT IN 1998.

Hmmmm.  Which to believe, which to believe.  First, the neighborhood.  Is it Emerald Hills or Cordilleras Heights?  Let’s ask City Data.

image

The dark border is City Data’s definition of the Emerald Lake Hills neighborhood, or at least something called Emerald Hills.  The two names are used almost interchangeably.  Let’s see where this house is using the map above:

778_canyon_rc_elh

Why, it’s not in the brown-bordered area at all.  Is this map saying that the house in question is NOT in “Emerald Hills”?  (Those colorful areas are Census tracts, showing income ranges.)  Let’s look at a street map to be sure about the neighborhood.

278_canyon_rc

Anywhere near the actual hills?  Barely.  And closer to Alameda than the lake.  Let’s do a hill check.  Good thing there’s a topo map available.

278_canyon_rc_topo

The house is either just above or just below the 100 foot line.  Not much in the “hills” when the lake the neighborhood in question is named for is over 400 feet up.  This house barely qualifies as in the foothills, also known as Piedmont, which is in the East Bay, which is so Not Real Bay Area, which therefore kicks this house out of the RBA by association alone.

Now, what about this huge discrepancy on the size of the house?  Which is it, 1310 or 2220 square feet?  Perhaps propertyshark (account required) can explain matters:

Sq. ft. 1,310
Finished sq. ft. 1 1,110
Building sq. ft. 2,250
Basement sq. ft. 200
Basement unfinished sq. ft. 940
Garage sq. ft. 940
Lot size 6,700
Acreage 0.15

The building is 2,250 square feet, of which 940 is an unfinished basement (or maybe a garage), and 200 is presumably a finished basement.  And amazingly, 1,110 (finished square feet) plus 940 (unfinished basement or garage) plus 200 (finished basement) is… 2,250… building square feet.  Within 30 sf of what the listing said.  Except you aren’t supposed to count the garage or unfinished basement in a building’s square footage. That’s why the house is quoted as 1,310 sf, which is the finished house plus finished basement.

And the year built is pretty dubious too.  Unless the house was torn down, bulldozed, and a completely new house put up in 1998, what the listing says above is misleading at best and probably close to the l-word (and no I do not mean love).  And if the county doesn’t know about the original house getting scraped, then obviously nobody bothered to get a permit.  Even a remodel requires permits, and remodels don’t change the year a structure was built in the first place.

Then again, propertyshark says this place is a 2 bedroom 1 bath, so something funny is going on.  And that would explain how a house “totally rebuilt” in 1998 is only assessed for $101,000.

Perhaps the lights on either side of the exterior are kept lit in search of that honest Realtor.

UPDATE: Price dropped to $989,000 after 35 days on market.

Comments (94) -- Posted by: madhaus @ 5:02 am

September 13, 2010

Math Class is Hard

Let’s return to Redwood City, where burbed reader sonarrat has sent in another “2006 priced” house for us.  However, 2006 was one of the few years this house was not listed for sale.

587 Douglas Ave Redwood City, CA 94063
$529,000

image

Beds: 2
Baths: 3
Sq. Ft.: 770
$/Sq. Ft.: $688
Lot Size: 6,200 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Stories: 1
View: Neighborhood
Year Built: 1930
Community: Dumbarton
County: San Mateo
MLS#: 81033895
Source: MLSListings
Status: Active
On Redfin: 60 days

Fabulous opportunity! Renovated house on large fully landscaped lot! 2 bedroom 1 bath in house, 1 bedroom 1 bath separate guest unit and unfinished basement under entire house for possible family room, bonus room or storage. Deck off kitchen overlooking large back yard. Attached garage with laundry and full bath. Easy access location close to Costco, school and 101. Must See!

You know all those jokes about real estate agents writing misleading copy?  Not here!  When this one said close to Costco, they weren’t kidding:

image

imageAnd it looks like the large back yard was a go as well.  That is, until you look at the house’s numbers.  Lot size: 6200 square feet.  Hmm.  That’s not an especially large lot, is it? 

It is if the house is 770 square feet.  Or is the house PLUS the guest unit that’s 770 square feet?  Good thing there’s a second building on the property or this place would just get lost in a lot that ginormous.

But wait, I’m trying to add things up and I’m confused.  2 bedroom, 1 bath in the house.  1 bedroom, 1 bath in the guest unit.  Full bath in the garage.  (Full bath in the garage?  WTF?)  What kind of math results in 2 bedrooms, 3 baths?  Does the basement have negative space?  Is this a special math class you have to take when you get your real estate license?

But while you’re here, please check out that renovated kitchen, because something needs to explain how this house is worth $334,000 $$264,800 more than it was 10 months ago in a declining market in a Not So Special zip code.

image image

Shiny, happy kitchen!  Nothing like a bunch of new stainless-steel appliances to make your guests ooh and ah.  That is, as long as you keep them in the kitchen.  Oh, my.  imageLooks like the seller ran out of funds before the makeover made it over to the guest house.  Guess if you want to impress your guests you’d better not let them in that other building.

That is a truly amazing set of mismatched counter depths, heights and color.  Is it supposed to be an artistic statement? 

Have you looked up how much this place went for when it was foreclosed on in 2008?  (Yup, foreclosure, then flip, and now the current FB thinks it’s worth 2006 prices because of the stainless and a hundred feet of sod.  Plus the modern art gallery in the guest house as pictured.)  Go on, make a guess and then I’ll tell you.

Did you guess $151,000?  Because if you did you’re $100,000 too high.  What’s really amazing is that the house sold for $178,000 in 2000.

Definitely a must-see.  If you look at the Google Streetview Cam, this is what it sees:

image 

Sometimes, a picture really is worth a thousand words.  And in 2006, this place might have sold for over five hundred thousand dollars.

Comments (13) -- Posted by: madhaus @ 5:02 am