October 3, 2013

“Work done with permits” with the most lucky price ever!

1350 PEGGY Ave
Campbell, CA 95008

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First, let’s take a moment to observe that this house has the luckiest price ever. Whoever buys this house will be showered with years of good fortune and good SAT scores. There is no doubt.

Next, let’s just look at all the benefits this house has to offer! Long time readers of this blog know that permits are often just ignored. After all, this is the most disruptive place in the world – Silicon Valley doesn’t need stinkin’ permits. Ask for forgiveness, not permission! So the fact that this house has work done with permits – that’s definitely a unique feature.

But most importantly, once you plunk down this $888,888, you will have enormous flexibility to spend the rest of the $1M you have sitting around to grow this house. Just think of all the possibilities! After all, there’s a 200 amp panel and so much flat land. Will you be building the ultimate brogramming cave? A massive Singapore Math™ study zone?

Let’s hear your best ideas!

Comments (4) -- Posted by: burbed @ 5:04 am






October 2, 2013

Investment opportunity! Tenants willing to rent back.

10200 TORRANCE Ave
San Jose, CA 95127
$399,000

20130930a

It’s Silicon Valley! Who doesn’t like an investment opportunity!

So, if this has been renting for $1,800 per month for more than 4 years, doesn’t that mean that this is underpriced? As the new landlord, would you immediately double the rent to the market value of $3,600? After all, the rent was based on the price before the remodel! That seems awfully low.

What’s your pricing strategy for this?

And let’s not forget this large lot in the back!

image

It’s so… triangular! That just means you can build an incredibly unique, and therefore, incredibly expensive (because it’s rare!) house in the back as well! You could market this as the Triangle House – TriHo for short!

Comments (2) -- Posted by: burbed @ 5:48 am

October 1, 2013

6 SINGLE HOME OR APARTMENT UNIT OR CHURCH OR TEMPLE OR COMMERCIAL

898 TULLY Rd
San Jose, CA 95111

20130930

As we all know, one of the most important things you can have in life is options. Unlimited options = freedom, and freedom is the bedrock of our nation.

This plot of land has many options… almost unlimited options! Thus, this plot of land is freedom.

What would you build on it if you owned this? A church? A temple? A single apartment unit?

Please answer soon. HURRY UP!

Speaking of hurrying up, it’s interesting that this house has been on the market for 270 days. Where have I seen this before?

http://www.burbed.com/2012/08/14/instagram-makes-anything-better-right/

August 14, 2012

Instagram makes anything better right?

898 TULLY Rd
San Jose, CA 95111
$1,300,000

20120812898

Maybe the realtor should switch to Vine! Then this house would really hurry up!

Comments (5) -- Posted by: burbed @ 5:24 am

September 30, 2013

Buying A Home Still Beats Renting By 35% In America’s Biggest Cities

Buying A Home Still Beats Renting By 35% In America’s Biggest Cities

Despite rising home prices and mortgage rates, it’s still cheaper to buy a home than to rent one in America’s largest cities. A new report from San Francisco, Calif.-based real estate site Trulia finds that, nationally, it’s 35% less expensive to own a home. Even in notoriously pricey, renter-heavy cities like San Francisco and New York, it remains 9% and 21% cheaper, respectively.

Of the top 10, eight are located in Calif., a state in which many cities, despite being plagued by high unemployment and the foreclosure crisis, never saw prices fall enough to fully align with other local economic fundamentals like median income.

The metro area that will swing back toward renting first is San Jose, Calif., when mortgage rates climb to 5.2%. It’s currently 4% cheaper to buy than rent in the Silicon Valley hub, a dramatic change from last year when it was 31% cheaper.

This really proves what we’ve all known: buying is cheaper than renting. It’s always a good time to buy.

I’m not sure what you’re doing this Monday morning, but if you’re not buying a home, you’re probably starting off this week in the wrong way.

What does your calculations show? Is buying cheaper than renting?

Comments (8) -- Posted by: burbed @ 5:42 am

September 28, 2013

I like Eichs–21st Century Style. But did Steve Jobs?

Did anyone attend the ribbon-cutting of this house yesterday?  Anyone want to check out the Open House today or tomorrow?  Thanks very much to a connected reader who passed this on to us.

130927-21st-century-eichler

Here’s a few more pictures from the house’s website.

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Now, feast your eyes on this text:

Joseph Eichler built some of his first prototype “Eichlers” just one block away (here in Sunnyvale). Steve Jobs grew up in the area and was inspired by Eichler.  Designer/Builder, John Citrigno, is a third-generation native. His great-grandfather was a general contractor that built homes in the area.  Mr. Citrigno, a classmate of Steve Job’s at Homestead High, inspired by both Eichler and Jobs, asked the question at every step of design and construction:

“What would Joseph Eichler build if he were alive today?" (given the cultural changes such as the need for more closet space and current construction materials and technology) and “How would the home look, function, and feel… if Steve Jobs were project manager in charge of construction and design”? 

The result is the home that will be unveiled tomorrow in Sunnyvale!

Somehow, we’re having trouble seeing Steve Jobs approve of all the cement in these pictures. However, if he were the project manager the house would run over budget by a factor of ten and he would leave out the off button on all the light switches.  Kind of like the interior photos on the website.

And the website left out something important: how much?  Burbed found out!

130927-21st-redfin609 W REMINGTON Dr
Sunnyvale, CA 94087
$1,298,000

4 Beds
2 Baths
1,755 Sq. Ft.
$740 / Sq. Ft.
Built: 2013
Lot Size: 7,245 Sq. Ft.
On Redfin: 1 day
Property Type: Detached Single Family
Stories: 1
Community: Sunnyvale
MLS#: 81335908
Style: Modern/High Tech
View: Mountains, Neighborhood
County: Santa Clara

NEW METICULOUS STATE OF THE ART "21ST CENTURY EICHLER" UTILIZING CUTTING EDGE ENERGY EFFICIENT "GREEN BUILD" CONSTRUCTION w/ INNOVATIVE USE OF TECHNOLOGY & CUSTOM DETAILS THROUGHOUT * ONLY THE FINEST MATERIALS, FIXTURES & FINISHES INSIDE & OUT * ZERO ENERGY HOME USING SCALABLE SOLAR CELLS * STUNNING KITCHEN & BATHS, ETC * TOTALLY WIRED * THIS HOME IS ABSOLUTE PERFECTION * TOP SCHOOLS:CUMBERLAND, SUNNYVALE, FREMONT

This must be the first use in a listing, ever, of the terms “TOP SCHOOLS” and “FREMONT” High.  Steve Jobs did not go to Fremont, and Mr. Citringo, “a classmate of Steve Job’s [sic] at Homestead High” knows it.

On the left is the house that Steve Jobs chose to live in. It doesn’t look a lot like this one. The non-Eichler he grew up in, though, may be designated a historic site.

Comments (11) -- Posted by: madhaus @ 7:03 am

September 27, 2013

Speaking of million dollar fixer uppers, here’s one

Only this one isn’t in Palo Alto or even Piedmont. Indeed.

130926-3rd-redfin402 N 3RD St
San Jose, CA 95112
$1,650,000

— Beds
— Baths
3,192 Sq. Ft.
$517 / Sq. Ft.
Built: 1898
Lot Size: 6,302 Sq. Ft.
On Redfin: 30 days
Status: Active
Stories: 2
Community: Central San Jose
MLS#: 81331712
View: Neighborhood
County: Santa Clara

great investment

Not that we’re going to let you, you know, LOOK IT OVER.

This property isn’t all that big and neither is the lot, but it’s supposedly divided (or could be) into little apartments. Buy this house and set yourself up for life as a future slumlord!

Comments (5) -- Posted by: madhaus @ 7:04 am

September 20, 2013

Cheapest House in San Jose: Just add imagination & love

Tired of seeing three million dollars for a cracker box in Palo Alto?  Us, too.  Here’s how far you can S-T-R-E-T-C-H your dollar if you’re willing to look in San Jose. Well, the Special parts, anyway.

130919-drake-redfin602 DRAKE St
San Jose, CA 95125
$319,000

2 Beds
1 Baths
966 Sq. Ft.
$330 / Sq. Ft.
Built: 1948
Lot Size: 4,840 Sq. Ft.
On Redfin: 8 days
Status: Active
Property Type: Detached Single Family
Community: Willow Glen
MLS#: 81333635
Stories: 1
County: Santa Clara

Diamond in the rough, Corner lot with potential, with some imagination and love you can turn it into your dream home. Large backyard with room for RV or boat parking. Detached garage, perfect for an at home workshop. ALL CASH ONLY. Property condition restricts financing options.

Didn’t we already have a diamond in the rough this week? This one appears to be a little rougher. At least it won’t set you back too much scratch. And here’s why.

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Not only do you get these lovely pavers, the shadowing on the house makes it look jauntily nautical. Um, that is if “tugboat” can go in that nautical category.

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And don’t worry about the low price meaning you’ll do without amenities! As you can clearly observe, the house does have rooms in it!

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There’s more! Looks like we found another R.O.U.S, stronghold as well!  That’s two this week!

And here’s really why this place is such a bargain: Location, location, location! Although this location sure ain’t Willow Glen.

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Bunus: Dorky datestamps on photos are from July!

Click here to post a comment -- Posted by: madhaus @ 7:03 am

September 18, 2013

Diamond in the rough. Really rough. For many diamonds.

We’re continuing this Week of Win, jumping to a new county each time. Today we’re headed to Santa Clara, the Mission City.  As in, your mission, should you decide to accept it, is to tell us everything you just love about today’s featured property!

We’ll start. It’s on a street named for an architect!

130917-wren-redfin990 WREN Ave
Santa Clara, CA 95051
$1,598,000

3 Beds
2.5 Baths
2,250 Sq. Ft.
$710 / Sq. Ft.
Built: 1963
Lot Size: 0.52 Acres
On Redfin: 55 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: Santa Clara
MLS#: 81326991
Style: Traditional
View: Neighborhood
County: Santa Clara

* Diamond in the rough * Huge Lot * Buyer to verify if the property can be subdivided into 3 lots * With TLC, this house is full of potential

130917-wren-lawnThis house is indeed full of something.  Unfortunately there are no pictures inside so we’re going to have to guess what that is.

Also we’re scratching our heads over how much potential this home is full of, especially with the subdivision suggestion. Maybe it has the potential to have even uglier houses much closer.

Comments (4) -- Posted by: madhaus @ 7:02 am

September 12, 2013

Palo Alto Plat Panoply

It’s time to visit Palo Alto again, and see just how much house you can get there for your dollar, or in this case, your million and a half dollars.  Today’s find is courtesy of Burbed reader Wendie, thanks a ton! Or a million and a half tons.  And that’s before the overbidding!

130911-middlefield-redfin3475 MIDDLEFIELD Rd
Palo Alto, CA 94306
$1,495,000

1 Beds
1 Baths
607 Sq. Ft.
$2,463 / Sq. Ft.
Built: —
Lot Size: 0.32 Acres
On Redfin: 12 days
Status: Active
Property Type: Detached Single Family
Stories: 1
Community: South Palo Alto
MLS#: 81332199
Style: Traditional
View: Neighborhood
County: Santa Clara

Small cottage on extra large lot in the heart of Palo Alto. Wonderful and rare opportunity to build your dream! Additional opportunities include incorporating this beautiful lot into the adjoining property to create a unique family compound. Neighboring property consists of 19,768 ft. ² lot with 3,44 ft. ², 10 year new home (see MLS 81332198).

130911-middlefield-kitchenSteve Jobs bought the house next door to his, knocked it down and turned the property into an orchard. Larry Page thought buying up as many properties on his block was an even better idea. Do you see where we’re going with this?  This property, along with the house for sale next door, will allow you to be a high-profile land baron in Palo Alto.

Okay, South Palo Alto.  And both places list, collectively, for $4.5 million, which is an absolute bargain.

After all, if you’re going to build your dream, it’s going to cost you. And as Wendie notes, you’re paying $1.5 million for the servants’ quarters.

Comments (6) -- Posted by: madhaus @ 7:01 am

September 10, 2013

Look beyond the surface in Sunnyvale

Okay, back to properties! There’s only so many times we can talk about commuting, or gentrification, or rising rents, or Facebook stock options. Instead, let’s have a look at this honey of a house that Burbed reader mtv-renter espied in Sunnyvale!  Oops, missing in action on Redfin… hellooooooo, Movoto!  Who says it’s still Active, even though Redfin says it went Pending Do Not Show ten days ago!

130909-remington-movoto693 W Remington Dr
Sunnyvale, CA 94087
$799,999

Loan Payment: $3,148/mo
Bedrooms: 3
Bathrooms: 2&1/2
Size: 2,015 sqft
$/sqft: $397/sqft
Type: Single Family House
Year Built: 1966
Lot Size: 6,000
Days on Movoto: 21 days
Neighborhood: Sunnyvale
MLS#: 81330762
Status: Active

Look beyond the surface and you will see that this property has a ton of potential. Large deck off kitchen overlooks what can be a lovely backyard. Separate dining and family rooms both with sliding patio doors to the backyard area. Walk to shopping and Las Palmas park * Cumberland Elementary, Sunnyvale Middle schools

130909-remington-floorBut let’s hear more from mtv-renter.

I thought this place might be burbed-worthy. I love the Realtor ™ description.

Yup, you definitely have to look beneath the surface – a surface of dust, dirt, grime, and age. Despite all that surface, though, it’s a wonderful $800k diamond in the rough on a crappy intersection in a crappy part of Sunnyvale. These days, anything under $1M is a bargain!

Not just a bargain, a ton of potential!  Let’s examine several pounds of it.

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Did we mention this house is on a busy street? So many people will admire your new home every day!  We had some follow-up conversation with mtv-renter on the house and hood:

Yeah, you’re right, it’s not that crappy of a part of sunnyvale. I exaggerate about Sunnyvale because I don’t like it much after looking at a lot of houses there; few neighborhoods are walkable to anything but your car, and the downtown area, despite much development, feels kind of dead.

130909-remington-streetview

Also, check out the street view image for this house. The realtor used every trick in the book to make the house look like it’s a palace on a large lot: wide angle lens and a very low point of view to make the bushes up front seem like they’re hiding a large house far in the distance. In reality, that long walkway up to the entry-way is just a crooked asphalt footpath, and your neighbors are close enough to smell them on a hot day, which probably happens a lot given the lack of insulation in these places :)

Comments (1) -- Posted by: madhaus @ 7:04 am