August 9, 2013

Gingerbread house in beautiful San Bruno: Most unique must see

It’s Friday! Let’s finish up the week with an awesome property from that always hot market on the Peninsula, San Bruno! In fact this place is so on fire that nobody can get near it, and hasn’t for almost a year! Thanks very much to Burbed reader Facebooksux for today’s featured façade.

130808-jenevein-redfin792 JENEVEIN Ave
San Bruno, CA 94066
$989,000

3 Beds
2 Baths
2,960 Sq. Ft.
$334 / Sq. Ft.
Built: 1937
Lot Size: 5,000 Sq. Ft.
On Redfin: 350 days
Status: Active
Property Type: Detached Single Family
View: Neighborhood
County: San Mateo
Stories: 1
Community: Huntington Park
MLS#: 81231724

The exterior may look like a gingerbread house with the white picket fence and shutter trim on the outside windows, the front door opens to a most unique home. Everything is custom, a must see home. Huge master bedroom suite with high ceilings and and private spa bathroom. Formal dining room, family room, TV room with wet bar. Eat in kitchen with walk in pantry/laundry area. So much more to see.

130808-jenevein-livingThe front page may look like a well-presented property, but there’s that datestamp in the lower right corner. Pro Tip: Unless you want your buyers to think you shot your listing photos with a disposable camera and dropped them off at Rite-Aid, turn off the danged stamps.

Let’s listen to Facebooksux’s nominating speech.

ALMOST A MILLION BERNANKE BUX FOR SAN BRUNO????!!!!

130808-jenevein-death-by-pillowHopefully there aren’t any leaky gas pipelines beneath the home.

Please use Facebooksux as my name instead of my real name and keep up the good work!!

You mean don’t mention that your real name is – ha ha, gotcha! Kind of like how this house will getcha too.  We are positive these pillows are up to no good.

But even if they can be trusted, there are many dangerous plants that are lying in wait for you. Be very afraid.

130808-jenevein-kitchen130808-jenevein-dining130808-jenevein-purple130808-jenevein-bath

This home has been decorated with such care, it must have been just as thoughtfully situated in its neighborhood, right? Here’s the delightful view from the front door.

130808-jenevein-streetview

So much more to see!

Comments (5) -- Posted by: madhaus @ 7:08 am






August 8, 2013

Opportunity in Sunnyvale!

We have a prince of a property for you today. It’s in a great location, it’s not priced at a batshit insane ask like yesterday’s house, and best of all, you can review the listing in about 25 seconds.  Thanks very much to Burbed reader SB for the nomination!

130807-blair-redfin909 BLAIR Ave
Sunnyvale, CA 94087
$949,880

3 Beds
2 Baths
1,210 Sq. Ft.
$785 / Sq. Ft.
Built: 1955
Lot Size: 5,900 Sq. Ft.
On Redfin: 6 days
Status: Active
Property Type: Attached Single Family
Community: Sunnyvale
MLS#: 81327967
Stories: 1
County: Santa Clara

Sunnyvale prime location. Rear opportunity in Sunnyvale desirable school district.

Upcoming Open Houses

Sunday, Aug 11: Open House – 11:00-2:00 pm

Can’t imagine why you’d need to go to an Open House, as the seller obviously has shared everything you need to know about this rear opportunity. However, an aerial photo does a great job demonstrating just what an opportunity awaits in the rear.

130807-blair-rear

Yes, that opportunity comes in the form of a body shop and a tire store, right on El Camino Real, the Street of Kings!  We can also check the Streetview if you wish.

130807-blair-streetview

DHO! DHO! Maybe he’s a King too!

Comments (9) -- Posted by: madhaus @ 7:07 am

August 7, 2013

Palo Alto: The original home of Bay Area Bubble 4.0

We’ve been neglecting The Best City in The Most Special Place On The Planet! That’s right, we haven’t mentioned Mountain View in days! So while you’re waiting for more marvelous Mountain View, here’s a Palo Alto Property with Pride of Ownership instead. Thanks very much to Burbed reader Wendie for sending in this palace!

130806-homer-mlslistings424 HOMER AV
Palo Alto, CA 94301
$2,875,000 – Active

Type: Single Family Home
MLS #: ML81327461
SqFt: 2,200
130806-homer-frontBeds: 5
Lot Size: 3,920 SqFt
Baths: 3 Full
Year / Age: 1937 / 76

beautiful home near downtown. Current use is duplex a) 3 bed/ 2 bath & b) 2 bed/ 1 bath. Possibly convert to 5 bed/ 3 bath single family home. Approx 2200 sq ft total. Plus bonus basement area includes laundry room/ bonus rooms / extra storage. Hardwood floors. skylight. Family kitchen opens to private back yard with deck. Near downtown. Great location. Great home. Wonderful opportunities.

130806-homer-livingSorry for putting in the same picture twice, but that MLSListings layout doesn’t lend itself well to showcasing the first picture. And for $2.9 million, you need a good look at this estate. But let’s check in with Wendie, who has a few things to share.

Crazy pricing in Palo Alto.

2.8 million!

For 2.8 million, is the house:

130806-homer-kitchen1) Big?…no
2) On a big piece of land?….not even. One of the smallest plots of land you can find!
3) On a quiet street? Nope
4) Turn-key for a single family?  You wish! Expect construction costs in your future!
5) Situated on a lot with a private backyard?  
Aw shucks, no, you have  an apartment building overlooking your teeny tiny yard!
6) New, stainless steel appliances? Not really.
7) Updated bathrooms? No way, Jose!
8) Great curb appeal?  Negativo!

130806-homer-bedroomBut, this could all be yours for a crazy $2.8 million smackaroos! $1,272 per square feet! 

Wendie, great rant, but you seem to have missed the point. This house is in Palo Alto! All those things you’re complaining about simply don’t matter, because… this house is in Palo Alto!  These are not problems, these are opportunities! F’rinstance, the seller is realizing an opportunity in putting the house up for sale for the batshit insane asking price of $2.875 million.

Here’s the link to Redfin, should you prefer their take on the house. Love the natural corrugated décor above.

Comments (20) -- Posted by: madhaus @ 5:07 am

August 6, 2013

SELLER PREFERS “AS IS SALE”. FOR GREAT JUSTICE.

Let’s now return to what makes Burbed the destination real estate site for the entire Bay Area. No, we’re not referring to our excellent Bay Area Bubble 4.0 coverage or our extensive featured looks at half million dollar crapboxes.  Today’s entry is what makes the Real Bay Area so very Special: Listings at WTF prices and WTF problems.  Thanks very much to Burbed reader Swan for sending in today’s Los Gatos Gotcha.

130805-blackberry-redfin16480 BLACKBERRY HILL Rd
Los Gatos, CA 95030
$1,795,000

3 Beds
3 Baths
3,046 Sq. Ft.
$589 / Sq. Ft.
Built: 1976
Lot Size: 5.17 Acres
On Redfin: 28 days
Status: Active
Property Type: Detached Single Family
Stories: 2
Community: Los Gatos/Monte Sereno
MLS#: 81324314
Style: Ranch, Spanish
View: Bay, Canyon, Valley, City Lights
County: Santa Clara

Excellent Candidate For 130805-blackberry-fadeddyeRemodel or Build Dream Home. Sweeping Views From Most Rooms. Upstairs 3BD/2BA/KIT/DR/LR/UTIL. RM. Downstairs Game Room w/ Slider, Office W/ Bath & Large Storage Room. Lots Of Storage, Cabinets and Closets Everywhere. 1.5 Miles From Los Gatos. WATER WILL BE TURNED OFF. DO NOT USE TOILETS. Seller Wants NO CHILDREN in property. .FOR SAFETY REASONS. SELLER PREFERS "AS IS SALE".

130805-blackberry-bath

Let’s have Swan float in here.

[Today’s home] is in the same area as the Kennedy home [submitted last week].  This house is on Blackberry Hill Road:  .  You know it’s Burbed material when then listing starts with, "Excellent candidate for remodel."  In this case, the listing gets even better!  "WATER WILL BE TURNED OFF. DO NOT USE TOILETS. Seller Wants NO CHILDREN in property. .FOR SAFETY REASONS."  There is an open house this weekend.  I so want to go with a full bladder and a few small children who can run wild while I try to use the bathroom!  Be sure to check out the pictures of the lovely wallpaper in the kitchen and master bath!

130805-blackberry-kitchenThat is quite something, although our gaping is for the photo above it of the grounds. It looks like it was taken in 1972 and left in a shoebox so the dyes would age properly.  And it makes the kitchen treatment look almost contemporary. Oh wait, we meant contemptuous. Using that white tile isn’t fooling anyone; that kitchen was remodeled in 1987 whether it needed it or not!

Remember the WATER WILL BE TURNED OFF.  FOR SAFETY REASONS.

Comments (4) -- Posted by: madhaus @ 7:03 am

August 5, 2013

Overbidding in Mountain View. Real Overbidding

We’ve discussed Real Bay Area cred many times here, and one way to tell you’re dealing with the RBA is that of course your property should attract plenty of overbidding.  Burbed reader steve writes in to let us know about a blog post that discussed what the sellers are thinking when getting those bids.

This couple traded up from Mountain View to Palo Alto, rebuilding their house as well.  But it’s this piece on the sale of their Mountain View house that we think Burbed readers would find intriguing.  What kind of bids go straight into the trash, never to be considered? Which bids made it to Round 2 of overbidding?  And do you consider the “winner” of this process to be the Stupidest Person Left Standing, or the Lucky Owner of a home in Mountain View’s finest zip code?

Sold! A behind the scenes look at the selling of our Mountain View home & tips for buying in a crazy market.

130804-overbids-house

Kudos to our real estate agent, Erika Enos! Our house sold fast and for more than we were expecting.

This week we officially handed over the keys to the Cuesta Park Charmer. We are very happy that we found a nice new family to love the home and the process went relatively smoothly. Compared to the angst of being on the bidding side of the table being a seller is this market is a joyride. Here’s how everything played out:

The Stats

List price:  $1,228,000
Sale price: $1,603,500 (~30% over asking), no contingencies, 25-day close
Open House visitors on Sat & Sun: ~150
Views of virtual tour: 8091 (32% of referring web pages came via HomeCrunch! vs. 26% via MLS)
Requests for disclosure package: 35
Offers: 10

You can read all the details over on Kay Luo’s site HomeCrunch, which is mostly about their adventures building their new house there. But what can the Burbed reader take away from this sellers-eye-view of the overbidding process?  Let’s take a look at the house itself.

130804-bond-redfin780 BOND Way
Mountain View, CA 94040
Sold for $1,603,500
Listed for $1,228,000

4 Beds
2.5 Baths
1,983 Sq. Ft.
$809 / Sq. Ft.
Built: 1952
Lot Size: 5,096 Sq. Ft.
Sold On: Jun 10, 2013
Status: Sold
Property Type: Detached Single Family
Stories: 1
Community: Miramonte
MLS#: 81315689
Style: Ranch, Contemporary
View: Neighborhood
County: Santa Clara

Perfect marriage of craftsman and contemporary renovation. Rare 4 bedroom, 2 1/12 bath home with family rm which has access to private patio & rear garden. Hardwd flrs, copious storage in state of the art kitchen, skylights in kit & family rm. Contemporary styled baths, spacious master suite, 4th bedrm perfect for office or nursery, newer roof, close to Cuesta Pk, dwntwn Mtn Vw & all Silicon Valley

130804-bond-livingThis couple did one thing right: they bought in the RBA. We know this house is in the RBA, not only from the 94040 zip code, but the fact that the home sold for more than double in only eight years. QED!  (That stands for Quite Excellent Deal!)  They did this despite not having a picture of the front of the house in the first picture, too.

Now, let’s examine what we can learn from the blog post itself.

First, the list of which offers were considered and which weren’t is useful.  If you’re still house hunting, maybe you’re making one of the mistakes called out there.  That means stop putting in contingencies in your bids during a seller’s market.  Instead, ask the seller what contingencies they would like to place onto the buyer.  How about 90 days’ free rent after the sale for starters?

130804-bond-bedroomNext, while suitcases full of cash may not be King, they’re still pretty Ace.

Third, if you write an entertaining blog, you can send plenty of people to look at your virtual tour.  That is, you can get more referrals from you own blog than the MLS.

Fourth, you know those stupid beg letters we’ve been laughing at? They work.  So if you want to buy someone’s house full of family memories and rip it to pieces, write a tear-jerking letter about how much you love the place and how it’s perfect for your 2.1 children and pooch.  After you buy it, fire up the bulldozer because it’s yours and tough luck if the sellers actually believed your fanfiction.

What do you think of Kay’s look at being an overbid recipient?

Comments (21) -- Posted by: madhaus @ 7:09 am

August 4, 2013

Another Bay Area Bubble Call!

We’ve been boosting the Bay Area Bubble 4.0 news all year. Now, another voice joins in the chorus we started months ago. And this is a one of our long-time fans, PK from DQYDJ! That stands for Don’t Quit Your Day Job.  Recently PK revisited the post that introduced the Bay Area Income and Home calculator, so this is definitely worth your while!

Bay Area Housing Prices: Beware the Inflating Bubble

130803-dqydj-graphPosted By PK    Last updated July 14th, 2013

Two years ago (well, September 28, 2011 anyway), we regaled you on this site with tales about how the Bay Area’s home prices – while admittedly quite high – were complete justifiable.  If you don’t have time to read those prescient words, I can summarize: home prices may have been high in 2011, but Bay Area households pulled in a ton of income (second only to the Government driven economies around Washington, D.C.), making houses somewhat affordable to many households in the area.

Am I proud of that call now that we’ve seen 20% year over year price returns in many areas, and 52% absolute returns on the house I purchased in July 2011?  Well, yeah, of course I am.  However, the mark of a truthful person is to change your opinion when presented with new data.  Here’s to being honest: the Bay Area is getting pretty frothy.

Told ya.

While we do want you to head over to PK’s site and read it, we’ve got the new calculators for you to play around with right here for afters.  First, here’s where you can see how well your income stacks up against the competition. Zuckerberg, you’re not, but go ahead and type in your income and see where you are compared to everyone else.

Remember, Inner Bay Area isn’t quite the same thing as Real Bay Area, because the former is by county. Everyone in San Francisco, San Mateo and Santa Clara is included. Unfortunately they also invited Alameda and Contra Costa Counties, and by adding those East Bay locales the numbers already skew down.  Leaving out Marin County made prices even lower! Wanted: data so we can unskew these calculators by zip code!

Next, here’s the home edition, whoops, the home value edition.  Are you building a Larry Page-type compound in the most prestigious part of Palo Alto? Didn’t think so. But you can find out how affordable your home is, or the home you’re thinking of buying, or the home Larry Page is going to buy.

Let us know what you think of PK’s calculators, or anything else you’d like to talk about.  Yes, it’s Weekend Open Thread time!  How affordable were the Open Houses you saw this weekend?

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

August 3, 2013

What should you do if your schools are overcrowded?

We know! We know! The answer is build more houses!

Fremont school officials warn of worse overcrowding if development goes ahead

130802-patterson-aerialBy Chris De Benedetti, The Argus
POSTED:   08/03/2013 12:00:00 AM PDT

FREMONT — Builders of the Patterson Ranch subdivision are expected to break ground next year, but school district officials fret that its 500 new homes will add more students than nearby schools can handle, worsening the Ardenwood neighborhood schools’ already major overcrowding problem.

"Our goal is to provide neighborhood school seats for kids, so that they can attend school close to where they live, as opposed to being shipped across town," said Fremont school superintendent James Morris. "We don’t want to tell families that their children have to go to different schools."

But that’s exactly what might happen to families who will buy homes in Patterson Ranch, where the nearest elementary schools already are overflowing. The district’s newest K-12 campus was built a quarter-century ago.

Student enrollment in the district’s 41 schools is 33,000, and steadily rising. Last year alone, Fremont Unified increased by 600 students, district officials said. That was a sharp spike from the past half decade, when enrollment grew 300 students each year. Rising enrollment can be "a good problem," Morris said, but it also poses severe challenges to North Fremont parents.

130802-patterson-classroom70% of Fremont residents, according to Friends of Coyote Hills, are against more development near Coyote Hills. That’s why all five Fremont City Council Members okayed building another 500 homes in the 100 acre area (marked in red on the map we included and the Murky News didn’t).

One thing we found interesting is the family selling the land is only being asked for $6 million for the school district, while it will cost $22 million to build another school for the new homes.  This sounds like a great deal, as long as you’re not a) the Fremont School District or b) living in Fremont (unless your name is Patterson).

Like they said, “a good problem.” Can’t wait for the overbidding!

Comments (9) -- Posted by: madhaus @ 7:09 am

August 2, 2013

San Bruno Spectacular!

We’ve been spending far too much time in Santa Clara County. Let’s head North! No, not that far north, we’ll leave San Francisco and Marin and whatever non-Real Bay Area places near there for another day. There’s so much Burbed Win in San Mateo County you really don’t have to go far to find amazing properties like this one! Thanks very much to Burbed reader waiting_for_the_fall for today’s Bodacious Building in San Bruno!

130801-herman-redfin1013 HERMAN St
San Bruno, CA 94066
Listed for $589,500
Sold for $555,000

4 Beds
3 Baths
1,430 Sq. Ft.
$388 / Sq. Ft.
Built: 1938
Lot Size: 2,808 Sq. Ft.
Sold On: Jul 30, 2013
Status: Sold
Property Type: Detached Single Family
Stories: 1
County: San Mateo
Style: Traditional
Community: San Bruno Park
MLS#: 81313967

Remodeled with permits, 4 bedroom, 3 bath, new kit: Granite counters, honey maple cabs, s/s apps. Main Floor:sep din rm, liv rm with marble framed fpl, 2 beds includes master bed , marble tiled bths. Downstairs: 2 beds, fam rm, 3rd bath with travertine tile. New roof, new sewer line, new water supply line, new int and ext paint and doors, new electrical, copper plumbing, and more.

130801-herman-pylonsYes indeed, that is exactly what we had in mind when the Realtard told us this was a “Traditional” San Bruno house. Just wait until you see the “Contemporary” models!

Now, wftf (which is, we swear we are not making this up, wtf with an extra f for emphasis) will explain why today’s house was worthy of your attention.

I found another "gem" for you.  What makes this house so special is the wonderful views out the windows. Check out the 7th picture and the glorious views of freeway pylons out the window. The redfin tour insight would be helpful to someone blind and deaf:

130801-herman-kitchen"A great remodeled unit that is very close to the freeway. Very small corner lot."

Good thing they mentioned it was close to the freeway, I wouldn’t have noticed!

What we want to know is who designed this kitchen. Sorry, we mean who dsgnd this kit remodeled with permits. These are either the skinniest countertops and cabs in the Bay Area, or this is the deepest s/s app, or it’s pulled out from the wall because the seller is about to walk off with it now that the house has sold.

And if you live somewhere that you have to mention your kit was remodeled with permits, you’d better grab it quickly.

Comments (5) -- Posted by: madhaus @ 7:02 am

August 1, 2013

Currently, a very small rented cottage with basement in Los Altos

We have a very special property for you today!  Burbed reader nomadic must have spied this one on the way back from a lunch meeting. So if you don’t like the very small rented cottage with basement, build something else and skip the kitchen. You won’t need it where we’re going.

130731-acacia-redfin962 ACACIA Ave
Los Altos, CA 94022
$750,000

1 Beds
1 Baths
300 Sq. Ft.
$2,500 / Sq. Ft.
Built: 1948
Lot Size: 5,000 Sq. Ft.
On Redfin: 48 days
Status: Active
Property Type: Detached Single Family
Stories: 1
County: Santa Clara
Style: Cabin
Community: North Los Altos
MLS#: 81320950

Do not distrub occupants. Small north Los Altos lot 40X125, behind Chef Chu’s, Armadillo’s Willy’s. Currently, a very small rented cottage with basement. Value in the land. Access on Acacia and from the back alley behind restaurants.

130731-acacia-kitchenOh, did we mention where we’re going? It’s the Land of $2,500 a square foot. No wonder you can’t distrub occupants. Now, let’s check in with nomadic.

“Maybe a small home can be built.”  The realtard almost sounds wistful.  The lot is wedged between two parking lots; who in their right mind would want to build a house there?  A business wouldn’t be a practical idea though, because it would have to be quite small and not require more than a couple parking spots.

No more wistful realtard, as that last sentence seems to have been edited out (still on Zillow as we write this). Instead let’s be wistful about the photography.

130731-acacia-take-the-curtain130731-acacia-grounds130731-acacia-hot-water

Remember, Location, Location, Location!

130731-acacia-aerial

Right in the middle of everything, literally just steps away from San Antonio and El Camino Real! Plus there’s a new Safeway across the street! Of course the value is in the land; tear everything down and set up a pay for parking lot! Or build your own restaurant in that small rented cottage! (Wait, did you distrub occupants?)

Bunus round: Try maybe building that small home and see how you fare against the Los Altos Planning Department!

Comments (4) -- Posted by: madhaus @ 7:04 am

July 31, 2013

Party On, in Los Gatos!

We haven’t heard much from Burbed reader Swan lately, so we were delighted to receive this:

One of my favorite posts was "Party House in Los Gatos."  I noticed this house had come on the market again… Believe it or not, the property sold!  They only got $4.8 million for it which is a far cry from the $11.5 they wanted back in 2008!

Wait, 2008? Party House ran in 2011! How could we forget?

130730-kennedy-2011

You might want to take a look at the current listing, because The Party Is Over.  There are pictures indoors but nobody’s Getting Down With Their Bad Selves.

130730-kennedy-redfin15681 KENNEDY Rd
Los Gatos, CA 95032
Sold for $4,800,000

7 Beds
12.5 Baths
12,405 Sq. Ft.
$387 / Sq. Ft.
Built: 1991
Lot Size: 3.58 Acres
Sold On: Jul 16, 2013
Status: Sold
Property Type: Detached Single Family
Stories: 3
Community: Los Gatos/Monte Sereno
MLS#: 81317503
Style: French
View: Mountains
County: Santa Clara

Magnificent Gated Palatial French Chateau Estate! Main house 9,000sf, music room, library, wine cellar. Guest house 3,100sf w/ guest suite, caterer’s kitchen, ballroom, theater, game room & bar. Infinity pool, waterfalls, patios & views. Truly a gorgeous estate set on 3.6 private acres. Extreme Quality thru out. Co listed with Frank Grengo

Oh, look at that.  They thought they were being clever leaving out that 2008 listing price from the Redfin listing history (click the link to see it). Good thing the Party House piece saved it for us.  Better yet, the Big Z tracks the falling knife:

130730-kennedy-listing-history

And nice to know agents have a sense of humor! See 8/12/2010 for some of those Realtor Rib Ticklers!

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