February 15, 2010

Would it make sense to build 18 units in San Mateo?

Beds: 2
Baths: 1.5
Sq. Ft.: 730
$/Sq. Ft.: $821
Lot Size: 8,000 Sq. Ft.
Property Type: Detached Single Family
Style: Cottage/Bungalow
Stories: 1
View: Neighborhood
Year Built: 1912
Community: Eastern Addition/Downtown Area
County: San Mateo
MLS#: 80941782
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 153 days
Developers Dream; Prime San Mateo lot; Great location; small house located in back of lot. Possible 18-units development per city of San Mateo Development Guidelines with assemblage of neighboring parcel (not currently on market).

Alright all you real estate developers out there, would this deal pencil out?

By my calculations, it would cost (18*1000*150) $2.7 million to build the 18 units, and that’s after the $599,500 cost to buy this lot. Any MBAs out there want to bust out their HP-12C to calculate what the NPV of this would be? Should you rent this out? Should you sell the units out?

Where are all the entrepreneurs at? Let’s hear your pitch!

Comments (5) -- Posted by: burbed @ 5:06 am






February 5, 2010

Absentee owner says sell

Beds: 12
Baths: 13.5
Sq. Ft.: 11,850
$/Sq. Ft.: $674
Lot Size: 3.08 Acres
Property Type: Detached Single Family
Style: Tudor
Stories: 3
View: Bay, Neighborhood
Year Built: 1931
Community: Hillsborough Knolls
County: San Mateo
MLS#: 81000295
Source: MLSListings
Status: Pending Without Release This listing is in escrow, past inspections and waiting for loan funding. "Without Release" indicates that the current buyer doesn’t need to sell a home to buy the new home.
On Redfin: 19 days
ABSENTEE OWNER SAYS SELL, gRAND ESTATE WITH 12BR/12BA PLUS 3 HALF BA’S, REMODELED, NEW MASTER BR WITH AIR CON, NEW APPLIANCES & FLOOR IN KITCHEN, SAUNA, VINEYARD, TENNIS COURT, NEW HOME THEATER, WHAT A DEAL! SELLER RESERVES RIGHT TO REJECT ANY OFFER.
Thanks to Burbed reader Herve for this find.
 
Unfortunately, I sat on this and now it is pending. My apologies for those who missed out on this opportunity. That said, this house just goes to show how Bay Area real estate is picking up. Look at how fast this house sold! If this isn’t a sure sign that real estate is picking up, I don’t know what is.
 
This Spring Bounce is going to be enormous. Prices are going to bounce so high that they’re going to reach the moon! You just wait!
 
That said, reading this listing creeps me out. Doesn’t it feel like the owner is a ghostly presence over this house?
Comments (9) -- Posted by: burbed @ 5:16 am

February 2, 2010

The future is very bright for this San Mateo house

152 29TH Ave San Mateo, CA 94403

Listed at: $750,000

152

Beds: 3
Baths: 1
Sq. Ft.: 1,510
$/Sq. Ft.: $497
Lot Size: 6,660 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1940
Community: Park Western Subdivision/Hillsdale
County: San Mateo
MLS#: 80958089
Source: MLSListings
Status: Pending Without Release This listing is in escrow, past inspections and waiting for loan funding. "Without Release" indicates that the current buyer doesn’t need to sell a home to buy the new home.
On Redfin: 10 days
Beautiful 3 Bedroom, 1 Bath Home Boasts 1,500 sqft of Living Space. 2 Oversized Bdrs with Walk In Closets. Spacious Formal Dining Room w/ French Doors leading to a Central Patio Area, Ideal for Entertaining. Architectural Accents Crown Molding & Excessive Natural Light. A spacious Detached 2 Car Garage with loft storage & a workshop, Office & 1/2 bath, permitted in the 50′s, Great LOCATION!

Thanks to Burbed reader Jeff for this find!

Here’s what Jeff had to say:

The first picture obviously has that funky sky that typical of the overboard photoshopping.  Maybe its part of "Ideal for entertaining", you know, entertaining guests with LSD.  Some of the bedroom photoshopping makes it look like it has mold problems and glowing rugs.

You know what? I bet Jeff also didn’t like Avatar because he hates how technology makes everything better.

Just look at this picture:

image 

Without the use of technology, you might look at this and think “Yuck, it’s a 1950’s kitchen”. But with technology? It looks like it’s from the future.

OMG the future is so bright from this house you’ll need to wear shades to see it!

Comments (13) -- Posted by: burbed @ 5:04 am

October 12, 2009

Swim naked in San Mateo

2107 ENSENADA Way, San Mateo, CA 94403 | MLS# 80946224
2107 ENSENADA Way San Mateo, CA 94403
Price: $948,000

2107
Beds: 3
Baths: 3
Sq. Ft.: 1,590
$/Sq. Ft.: $596
Lot Size: 7,200 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 2
View: Neighborhood, Golf Course
Year Built: 1953
Community: San Mateo Terrace
County: San Mateo
MLS#: 80946224
Source: MLSListings
Status: Active
On Redfin: 9 days
Float among the tree tops in your living room. Swim naked in the pool. Watch the sunset dining on the back deck. Feel like you???re on vacation in this open, airy 3 bed, 2 bth home. Private grounds, on a quiet cul-de-sac with a peek of the golf course. Remodeled master suite opens to private patio. Designer closets. Seller Desires “AS IS” Offer. Unwarr. bonus room & bath downstairs.

Thanks to Burbed reader Edward for this find!

Wow. You can swim naked at this house in San Mateo. I’m sure that’s exactly what every single geek in Silicon Valley has been looking for! The ability to bare it all, in their very own backyard!

San Fernando Valley, watch out!

More importantly, the seller desires “as is” offer. That’s key because as a buyer, you want a seller who has the fortitude to say “screw you”. That confidence can mean only one thing: it’s going to be a great house for you and your twins (children).

Hey, it’s even got an unwarranted bonus room and bath downstairs…. just think of the possibilities Mr. Hefner! Just think of the possibilities.

Comments (9) -- Posted by: burbed @ 5:21 am

September 29, 2009

A house for NASCAR fans in the Bay Area

484 W 25TH Ave, San Mateo, CA 94403 | MLS# 80939555
484 W 25TH Ave San Mateo, CA 94403
Price: $780,000

484
Beds: 3
Baths: 2
Sq. Ft.: 1,350
$/Sq. Ft.: $578
Lot Size: 5,000 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
Year Built: 1940
Community: Beresford Manor
County: San Mateo
MLS#: 80939555
Source: MLSListings
Status: Pending Without Release
On Redfin: 20 days
Gorgeous 3bd, 2ba corner lot in very desirable neighborhood in fantastic school district. Modern, well maintained home has hardwood & title floors throughout. Beautiful cabinets & countertops, eat in kitchen, dining room, gas fireplace in living room, swimming pool & hot tub, a/c in house & garage, washer/dryer and amazing finished 2 car garage. 1350 SQ FT with tons of outdoor living space!

Thanks to Burbed reader rinkrat for this find!

If you love cars, you’ll love this house. Look… the realtor even features that as the leading picture. This finished garage even has a space for the latest sporting sensation: sitting down punching! That’s right, it combines the convenience of sitting, with the drama of punching a bag. Sweet!

Oh wait, there’s another picture. I guess we should take a look.

484a

Yeah yeah, house house. Whatever.

Also, this house has plenty of living space outside. Just look… isn’t it obvious from this picture?

Hey… wasn’t there something about a pool? Eh… whatever. It’s all about the garage baby. Vroom vroom!

Jay Leno eat your heart out!

Comments (7) -- Posted by: burbed @ 5:37 am

September 24, 2009

San Mateo house with low maintenance backyard

Property details
Type: Detached Single Family
Status: Pending w/o release
List Date: 07/27/09
Price: $452,000
Location: 1524 NORTON ST, San Mateo, CA 94401 (map)
Area: 414 – San Mateo – South Shoreview
Bedrooms: 3
Bathrooms Full: 1
Approx. Sq. Ft.: 1000
Approx. Lot Size: 6,400.sf
Approx age: 56
MLS#: 80936060

Elementary School District: 938 – San Mateo-Foster City Elementary

High School District: 939 – San Mateo Union High

Description: Charming San Mateo Home! Low maintenance backyard, 3 full bedrooms. Title shows as 1 bath, property is currently has 1.5 baths (permits unknown). Tile kitchen counters and shower enclosure. Must see! Not a Short Sale!

1524

Thanks to Burbed reader rinkrat for this find!

Wow! Tile kitchen counters! That’s so incredibly rare these days… with granite this, granite that, concrete this, concrete that. It’s like a throw back to back when… when… well… when tile kitchen counters were cool.

Retro is in, my friends. It is in.

But what caught the attention of rinkrat was the low maintenance backyard. Now, as we all know, that’s a good thing because we all want to be more green, save the earth, yada yada yada.

Let’s take a look at this green backyard shall we?

1524a

That’s definitely sustainable.I keep see that yard staying like that for 10 years without any fertilizer or water!

Hm. What’s behind that wall? Guesses anyone?

Comments (11) -- Posted by: burbed @ 5:12 am

September 17, 2009

Driveway with 4+ car capacity in San Mateo

1953 IVY St, San Mateo, CA 94403 | MLS# 80941349
1953 IVY St San Mateo, CA 94403
Price: $868,000

1953
Beds: 3
Baths: 3
Sq. Ft.: 1,439
$/Sq. Ft.: $603
Lot Size: 4,000 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1921
Community: Fiesta Gardens
County: San Mateo
MLS#: 80941349
Source: MLSListings
Status: Active
On Redfin: 11 days
Extraordinary Fiesta Gardens home, completely remodeled, large master suite w/ 2 add’l bedroom suites. Detached garage converted to 237 sqft in-law unit (not incl in sqftage), driveway has 4 car capacity. Dramatic kitchen w/ granite counters, stainless apps & handsome cherry cabinetry. All baths have fun, artistic twists of color and textures. Lush gardens accented w/ fruit trees & roses.

Thanks to Burbed reader sonarrat for this find.

What an interesting listing! It has such a fun and festive combination of facts! Let’s take a look at this dramatic kitchen shall we?

1953a

Wow. Stainless steel! Granite! Wow. Very dramatic. I think we should call TNT and let them know about this kitchen, as they claim to know drama. (BTW, what’s that on the wall above the range?)

But let’s face it, the real benefit of this house is the fact that it has a driveway that can fit 4+ cars. With everyone aspiring to be Jay Leno these days, it’s quite easy to rack up a huge number of cars. And, the fact that you can monetize the garage as a rental means that there will be even more cars. Fortunately this house can accommodate it all.

You can probably even rent out part of that driveway for parking spots. Cha-ching!

And at the end of a hard day of work being an entrepreneur, you can go outside to your lush gardens and say “This is all mine (in 40 years).”

Ah.

Comments (67) -- Posted by: burbed @ 5:42 am

August 13, 2009

This house is fine art in San Mateo

829 N IDAHO St, San Mateo, CA 94401 | MLS# 80937239
829 N IDAHO St San Mateo, CA 94401
Price: $799,500

829
Beds: 4
Baths: 2.5
Sq. Ft.: 2,110
$/Sq. Ft.: $379
Lot Size: 7,250 Sq. Ft.
Property Type: Detached Single Family
Stories: 2
Year Built: 1929
Community: Bowie Estate
County: San Mateo
MLS#: 80937239
Source: MLSListings
Status: Active
On Redfin: 7 days
Classic Spanish Style Single Family Home in San Mateo! 4 Bedrooms, 2.5 Bathrooms, Living Room with Fireplace, Formal Dining Room, Kitchen with Breakfast Area, Sun Room. Hardwood Floors, Large Backyard with Patio & Lawn. 1 Car Garage, Large Lot!

Thanks to Burbed reader Wendy for this find.

Let’s look at the picture she found most intriguing:

829a

While Wendy thought that this was simply a woman sleeping on a couch, this is in fact representative of a fine art style in San Mateo – I believe this is known as “Woman in Real Bay Area haute couture in gentle slumber”

But to truly understand what’s going on here, we must interpret the picture. What is the woman dreaming of? Is it the same dream as yours? Of owning this fine home in the center of the world? Is it a dream? Or is it reality? Your reality. Just stop by your local Realtor to realize this reality. Quickly!

This photo alone increase the house’s value by at least $50,000!

Thanks Wendy!

(And thanks to nomadic for pointing out there was no post today – stupid draft button…)

Comments (35) -- Posted by: burbed @ 10:05 am

July 29, 2009

This San Mateo house is the American Dream defined

1022 S DELAWARE St, San Mateo, CA 94402 | MLS# 80931255
1022 S DELAWARE St San Mateo, CA 94402
Price: $469,950

1022
Beds: 2
Baths: 1
Sq. Ft.: 860
$/Sq. Ft.: $546
Lot Size: 4,280 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 1
Year Built: 1949
Community: Hayward Park
County: San Mateo
MLS#: 80931255
Source: MLSListings
Status: Pending With Release
On Redfin: 14 days
Move in ready! Not a short sale or REO! This beautifully updated home includes updated kitchen and bathroom with new appliances, upgraded lighting and fixtures. Newly installed carpeting and tile flooring. Fresh paint in & out and professional landscaping. Beautiful garage conversion (permits unknown)

Thanks to Burbed reader Jeff for this find!

Apple pie, lawns, debt, and baseball – America. And this house further realizes the American Dream by having a striped lawn.

That’s right – no longer do you have to lust after the fields at NameOfTheDay Park, you can have it right at home. Sure a full game of baseball might be hard since your lot is just 4,280 square feet – but maybe you can play half court baseball. Uh. Or something like that.

I was going to say “Go ahead and buy your slice of the American Dream today” – but it looks like someone has beat you already.

Best of luck buying your own ballfield!

Comments (101) -- Posted by: burbed @ 5:40 am

July 14, 2009

$425k house in San Mateo – RV parking in back of home

In light of Sunday’s post on houses for $400,000 across the nation, this week Burbed is featuring a selection of Bay Area houses for the same price.

1819 HAMLET St, San Mateo, CA 94403 | MLS# 80927588
1819 HAMLET St San Mateo, CA 94403
Price: $425,000

1819
Beds: 3
Baths: 2
Sq. Ft.: 1,220
$/Sq. Ft.: $348
Lot Size: 5,280 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 1
View: Neighborhood
Year Built: 1954
Community: Parkside
County: San Mateo
MLS#: 80927588
Source: MLSListings
Status: Active
On Redfin: 24 days
3 Bedroom, 2 Bath Parkside Fixer Upper! Hardwood Floors under carpeting. RV parking in back of home. This home has a lot of potential, but is a contractor’s special. This is a Probate Sale, with possible court confirmation.

Alright, at $425,000 this is a tad more expensive than the $400k price point we were aiming for. But let’s face it, this house is full of potential. You’ve got what clearly is part of an original Roman empire wall (who knew they got all the way to San Mateo) and some giant kitty litter boxes for your lions!

It’s a contractor’s special, and as we all know, a huge part of Silicon Valley’s workforce is self-employed as contractors. So go ahead you RoR contractor – this house is for you!

And while you’re fixing it up, just camp out in your RV behind the house – ‘cuz this house has room for one and is just dying for one.

Win win win!

Comments (21) -- Posted by: burbed @ 5:01 am