March 17, 2012

A dozen plus tenants in a million-dollar hood

Foreclosure rattles upscale San Jose neighborhood, and tenants

By Pete Carey, San Jose Mercury News
Posted:   03/14/2012 05:53:36 PM PDT, Updated: 03/15/2012 10:14:37 AM PDT

120315-lacastellet-partitionsThe two-story home in the East San Jose foothills could belong to any well-to-do family, but step through the door and you’re inside a million-dollar suburban foreclosure quagmire.

More than a dozen adults and their pets have been living in a warren of rented rooms in the foreclosed house, turning a tranquil cul-de-sac into what one upset neighbor called "a nightmare for all of us living on that block."

120315-lacastellet-laundryAccording to attorneys for the tenants, the former owner was renting out rooms — including the laundry room and a living room split in two — in the months after the home was foreclosed by the bank. They claim she never told tenants about the foreclosure. Now the tenants face eviction in a hearing to be held Thursday in Santa Clara County Superior Court.

San Jose police officers have responded 16 times since September to resolve disputes and disturbances at the five bedroom, four bath home on La Castellet Court, where houses are valued at $1 million or more. The city’s code enforcement department says it has an open case on the house.      

120315-lacastellet-staircaseRemember the Cubicle House?  This owner simply took that idea one step further now that rentals beat office space.

For all of you who have been criticizing the idea of The Real Bay Area versus The Part That Is Not, this should definitively settle those arguments.  Things like this simply Do Not Happen In The Real Bay Area.  If someone in Los Altos Hills were to notice 15 cars parked along the street in front of the 4,000 square foot housing tumor next door, Code Enforcement would not merely say they have “an open case on the house.”

And in Palo Alto, every one of those vehicles would have collected parking tickets within 2 hours and 10 minutes.

Anyway, our intrepid reporters have tracked down the house in question.

120315-lacastellet-redfin

Unfortunately for purposes of journalistic outrage, the Streetview photo does not have the aforementioned excess vehicle collection.

120315-lacastellet-streetview

Zillow can show us the neighborhood values.

120315-lacastellet-zestimates

Homeowners here certainly may have paid over a million for this area, but Zillow has a disturbing lack of faith in their reported valuations.  The expressway-like street against the backyards is Aborn. 

And if you’re wondering why the FB felt the need to fill this home chock-a-block with tenants while hiding from Bank of America, wait until you hear the bubblicious price paid for this place: $1,580,000 on Halloween of 2006. 

Comments (15) -- Posted by: madhaus @ 5:09 am

July 5, 2011

If you hate lawns, you’ll love this house in San Jose

$365,000
Beds: 4
Baths: 2
Sq. Ft.: 1,232
$/Sq. Ft.: $296
Lot Size: 5,900 Sq. Ft.
Property Type: Detached Single Family
Stories: 2
View: Neighborhood
Year Built: 1964
Community: Evergreen
County: Santa Clara
MLS#: 81113201
Source: MLSListings
Status: Active


On Redfin: 69 days
Beautiful total remodeled with CHERRY cabinet, granite counter top, new appliances, wood laminate floor, new inter & exter paint. New windowns. Close to freeway ans shoping. Move-in condition. Big back yard at corner lot for easy access either front or side of the house. Perfect location for living in & also can be used as home based business. Regular sale Hurry!!!

It’s in to be green right now! And one way to be green is to not have a lawn! Also, cut down your commute by being able to park right in front of your front door!

This house is a concrete lover’s dream. There’s only one thing better than having some concrete – and that’s a lot of concrete!

And look, easy access to King Rd!

image

This house is just waiting for an entrepreneur like you! What kind of business will you start?

Comments (18) -- Posted by: burbed @ 5:33 am

February 23, 2011

Get a home Renovation Loan on this great opportunity

imageLet’s welcome Burbed reader sonarrat to the front page again with another amazing find.  This submission came about after sending in a few listings for us to write up, and one went into particular detail. So here it is for all of you to enjoy, even though it is (amazingly) pending (but with release, so there’s still a chance!).

All Burbed fans are invited to submit listings for us to put together, or write it up yourself if you feel inspired.  Send them to burbed or madhaus at this site (your choice, because you deserve one!)  We reserve the right to edit your submission into something your own mother wouldn’t recognize while leaving your name on it.


Great for a first time home buyer. A Huge lot to build more home or get a home Renovation Loan on this great opportunity.

3370 Kettmann Rd, San Jose, CA 95121
$330,000

image

BEDS: 2
BATHS: 1
SQ. FT.: 1,182
$/SQ. FT.: $279
LOT SIZE: 0.25 Acres
PROPERTY TYPE: Detached Single Family
STORIES: 1
VIEW: Neighborhood
YEAR BUILT: 1948
COMMUNITY: Evergreen
COUNTY: Santa Clara
MLS#: 81037698
SOURCE: MLSListings
STATUS: Pending With Release
ON REDFIN: 191 days

Great for a first time home buyer. A Huge lot to build more home or get a home Renovation Loan on this great opportunity.

imageSo, I took a pretty long look at this place. Big lot, not on a busy road, walk your kids to the library, blah blah blah. Seemed like at the very least, a decent investment, seeing how it was the least expensive house in Evergreen and it had tenants living in it until fairly recently. Let’s just say the house comes with a couple caveats.

There is nowhere to put laundry facilities. No gas hookup and no 220V electric in the “laundry” area, which consisted entirely of a big washbasin in a moldy and rotting addition to the rear of the house.

imageOriginal 1948 kitchen with a very dirty green and yellow lino floor against red and yellow tiles, then white cabinets and a counter insert on the left in the fakest granite-look finish you can imagine. One of the worst color combinations I’ve ever seen.

The bedrooms are both on the left corner of the house and couldn’t be more than 10×10 each. No offensive colors there, just newer beige carpet and windows with bullet holes in them. From the inside.

One working furnace out of two.

Bathroom is extremely pink. New vanity and curtain rod installed in an improvisatory fashion.

image

There was so much termite damage in the attached “den” area that I was left with no doubt the whole kit and caboodle would need to be razed, and that I was happy to continue renting.

Comments (34) -- Posted by: madhaus @ 5:10 am

November 16, 2010

& maybe even the Bay!

Thanks to Burbed reader sonarrat, who sent us today’s listing, and has this to say: “How about building your own dream house in Evergreen with a breathtaking view of 101?”

How about it?

3812 Dove Hill Rd, San Jose, CA 95121
$229,000

image

Beds: -
Baths: -
Sq. Ft.: -
Lot Size:  0.88 Acres
Property Type: Residential Land (Single Family)
View: Mountains, Neighborhood, Valley, City Lights
Community: Evergreen
County: Santa Clara
MLS#: 81041017
Source: MLSListings
Status: Active
On Redfin: 90 days

Beautiful place to build your dream home!!! Views of Valley, City Lights & maybe even the Bay! No plans or surveys, but don’t let that stop you from seeing the possibilities of this site. Close to shopping & dining, and just a short drive to both downtown San Jose & Morgan Hill.

No plans or surveys, but don’t let that stop you.  We’re talking Beautiful place to build your dream home!!!  You don’t need limitations like plans and surveys and site approvals and water and sewer lines.  You’re just a short drive to downtown Morgan Hill, after all.

All you need to know is this is a steep hillside lot which slopes down from the street.  Enjoy the breathtaking view.

image

Views of Valley, City Lights & maybe even the Bay…shore Freeway.

Comments (61) -- Posted by: madhaus @ 5:02 am

October 8, 2009

How do you spell opportunity?

2592 ABORN Rd, San Jose, CA 95121 | MLS# 80945587
2592 ABORN Rd San Jose, CA 95121
Price: $345,000

2592
Beds: 4
Baths: 2
Sq. Ft.: 1,400
$/Sq. Ft.: $246
Lot Size: 6,100 Sq. Ft.
Property Type: Detached Single Family
Style: Traditional
Stories: 1
View: Neighborhood
Year Built: 1965
Community: Evergreen
County: Santa Clara
MLS#: 80945587
Source: MLSListings
Status: Active
On Redfin: 4 days
B_A_N_K__O_W_N_E_D__S_P_E_L_L_S__”_O_P_P_O_R_T_U_N_I_T_Y_” – This home is in great condition by comparison to most bank owned properties and it’s ready for a new owner right now!! Priced to sell quickly to either an owner occupant or investor, so don’t hesitate, see it today!! In addition to the house there’s a great storage building, too. There are a few repairs needed, so sorry no FHA financing *

Thanks to Burbed reader sonarrat for this find.

I’ve often wondered “how do you spell opportunity?”

And now I know! It’s spelled BANK OWNED. Or, more precisely, B_A_N_K__O_W_N_E_D_. (I like how even the word SPELLS get the underscore treatment!)

That said, at just $246, you really can’t argue that this house isn’t priced to sell. Let’s take a look at those few repairs that might be necessary:

Repairs

Huh. What’s going on at those points?

But what sonarrat thought was interesting was the previous pricing history:

2592c

Oh yeah. Smell that sweet sweet sweet instant equity waiting for you. Unlock it today! Buy the house, and get $272,000 instantly. Then invest those profits in a mini-golf course in your backyard. Profit!!

That’s… if you can wrest this out of the hands of sonarrat first! He’s got first dibs after all!

Comments (17) -- Posted by: burbed @ 5:20 am

March 30, 2009

PRICED WAY BELOW MARKET! SILVER CREEK COUNTRY CLUB!

5674 San Felipe Rd, San Jose, CA 95135 Evergreen MLS# 80785209 – Property Details

$1,649,000

634056369-5674

* Status: Active
* Bedroom: 4
* Bathroom: 3
* Year Built: 1975
* Lot Size: 74923
* Square Footage: 3200
* List Date: 3/17/2008
* Garage Spaces: 3
* MLS#: 80785209
*

PRICED WAY BELOW MARKET FOR FAST SALE! DO NOT THIS OPPURTUNITY! WALK TO SILVER CREEK COUNTRY CLUB! WALK TO SILVER OAK ELEMENTARY! BEAUTIFUL COUNTRY ESTATE ON 1.74 ACRES! RUNNING CREEK ! LUSH LANDSCAPING ! A MUST SEE! WE ARE LOOKING FOR SERIOUS BUYERS! THIS IS THE BEST DEAL IN THE SILVER CREEK AREA! DO YOUR HOME WORK! ANY QUESTIONS PLEASE CALL!BRING ALL OFFERS MOTIVATED SELLERS!!!

Burbed reader Sonarrat had this to say:

It’s the most expensive house in the whole ZIP code, the fireplace has a horrible case of backne, and they’re using one of those OMG MOTIVATED SELLRS realtors. Not sure how this could be considered a good deal, even with two acres. There’s a plot of 18 acres available on San Felipe for $1.95M.

Uh… but sonarrat you missed something:

1393741919-5674a

This house comes with a tree house. Just look at picture #5! Hello, just think of the revenue opportunities of that tree house! You could totally rent it out and help pay down some of your mortgage!

See sonarrat, you’re simply not groking the entreprenurial spirit that Silicon Valley is so famous for. I think it may even have its own address! Cha-ching!

Personally, I would buy this house, then try to flip the treehouse separately. I wonder how much that would go for. Here! I’ll even write the copy for you: “cozy cottage w/ez access to fresh air, great views good schools”. Sweet!

Comments (13) -- Posted by: burbed @ 5:16 am

September 26, 2008

Dark days in San Jose? Go and show it!

It’s Friday! Time to wrap up San Jose week! Here’s the final entry!

3262 Firth Way, San Jose, CA 95121 Evergreen MLS# 80776102 – Property Details
$299,000

* Status: Active
* Bedroom: 2
* Bathroom: 1
* Year Built: 1971
* Lot Size: 5300
* Square Footage: 805
* List Date: 2/2/2008
* Garage Spaces: 2

* MLS#: 80776102
Beautiful home close to freeway and shopping center. New hardwood floor and remodeled bathroom. Go and show it.

Are there any Realtor photo competitions coming up soon? I’d really like to enter this photo into a competition. The haunting light really enthralls attracts me. It has this ominous beckoning sensation – telling me to come to the house. That once I do, the glory of light and hope will instantly radiate as the SOLD sign is planted into the fertile soil.

It’s quite the breathless composition – wouldn’t you agree?

I also like the Realtor’s captivating caption: “Go and show it.” Go and show it – I command thee. Biblical reference?

I think it’s time for a captioning contest – what would you call this photo?

I’m thinking: “Good Morning San Jose”

Comments (9) -- Posted by: burbed @ 5:38 am

September 24, 2008

Free Dubs with the purchase of house of $375k house in San Jose?

Welcome to Day 3 of San Jose week!

Evergreen, San Jose, CA 95121 MLS# 80777766 – Property Details
$375,000

* Status: Active
* Bedroom: 3
* Bathroom: 1&1/2
* Year Built: 1971
* Lot Size: 5200
* Square Footage: 910
* List Date: 2/10/2008

* Garage Spaces: 2
Charming 3 bedroom/1.5 bath ranch style home. Ready to move in! (Remodeled 2 years ago – kitchen/paint/texture/carpet)** BANK-APPROVED SHORT SALE !**

When I looked at this entry, the first thing I wondered was: What? No address? That’s peculiar!

But that’s when I remembered and realized that many rich and famous people do not want their addresses listed because they’re afraid of home invasions and robberies. Security is on the top of everyone’s minds these days – and no wonder. Crime is up again unfortunately. That’s why this house has its address hidden.

But then I started wondering – does this house come with the dubs or not? If it doesn’t come with the dubs, then no deal!

Dubs – oh yeah. They’ll make any house classy!

Comments (15) -- Posted by: burbed @ 5:58 am